Annual True-Up Process

The annual true-up is the reconciliation of the previous calendar year. USAC uses data collected on the FCC Form 499-A (Annual Telecommunications Reporting Worksheet) and compares it to the projected collected end-user revenue that was reported in the quarterly FCC Form 499-Q filings. For example, the 2021 FCC Form 499-A filing is used to reconcile calendar year 2020.

True-ups are calculated using averages of the contribution and circularity factors for the year. If a company is determined to be de minimissupport mechanism charges for the reconciled year are reversed on that company’s USAC invoice. If a company turns out to be non-de minimis, USAC would apply additional billings or credits, as needed, to compensate for under- or over-projections on the FCC Form 499-Q filings. Non-de minimis calculations are spread over the three monthly invoices that would appear in the quarter. Note that USAC does not back bill interest on true-up adjustments from revised 499 filings. Interest will accrue on true-up adjustments if they are not paid by the due date of the invoice.

FCC Form 499-A revisions are processed in the quarter after the FCC Form 499-A revision is received.

The current year’s true-up information –> 2024 True-Up (2023 annual revenue)

The latest true-up calculations for the two most recent FCC Form 499-A filings are now available in E-File under the filer’s account.  While logged in to E-File, select ‘Payments’, find the option ‘Select Payment View’ and then select ‘True-Up Statements’ in the drop-down list.

The links below are for historical true-up information.