SUMMARY

We provided an unqualified auditor’s opinion on the Fund’s FY 2007-08 financial statements. The Universal Service Fund supports telecommunications and Internet services and access, including programs to assist low-income and disabled individuals, and is now the sole funding source for state aid to public libraries. It is funded primarily through assessments on certain telecommunications providers, which totaled $31.6 million in FY 2007-08. Providers of cell phone services began to pay assessments in FY 2009-10.