On May 3, 2019, the Universal Service Administrative Company (USAC) released their Quarterly Report with projections for the third quarter of 2019. USAC projects a consolidated operating and capital budget of $61.12 million for 3Q2019 and the Schools and Libraries portion is 42.6% of the total budget estimated at $26.08 million. USAC further estimates that there is $1 billion available to carry-forward to Funding Year 2019 from prior funding years.
 
The USAC Quarterly Report can be viewed here.