On June 2, 2017, Universal Service Administrative Company (USAC) sent a revised FY2017 third quarter report projections to the FCC. In the initial May 2, 2017 third quarter report, USAC had estimated an $800 million carryover for FY2017. The revised report indicates that there is an estimated $1.2 billion to carry over for future years. An additional $423 million from FY2016, initially not reported in the May 2nd report.
The revised June 2, 2017 USAC report can be viewed here.
The original May 2, 2017 USAC report can be viewed here.