USAC Releases 2014 Annual Report
On March 31, 2015, the Universal Service Administrative Company (USAC) released its 2014 Annual Report. The report provides the Federal Communications Commission and Congress details about the non-profit company's activities, expenses, and performance measures regarding its management of the Universal Service Fund programs. The E-rate program is one of four Universal Service programs administered by USAC.
E-rate highlights from the 2014 report include:
- Nearly 95% of FY 2014 Priority One applications received funding decisions by Oct. 1st, totaling $2 billion in commitments
- USAC received 1,669 E-rate appeals during 2014, and the average appeal processing time was 59 days
- Nearly 98% of invoices (Forms 472 and 474) were paid within 30 days of receipt by USAC
- USAC received 1,444,767 invoices and rejected 75,044 invoices