Funds For Learning estimates that as much as $1.77 billion could be disbursed for Funding Year 2014 Priority One services, representing an all-time high for the E-rate program. As of October 14, 2015, $1.39 billion has been disbursed for FY2014 with another $882 million in potentially disbursable funding commitments.
An analysis of funding commitment utilization shows that approximately 61% of committed funds have been disbursed to date. Over $17 million in funding commitments show no FCC Form 486 on file, and over $500M in commitments have valid Forms 486 on file but have no disbursed funds:
This trend appears consistent with prior funding years, which saw utilization between 78% and 81%: