fiscal year

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fiscal year

(FY) (fiskăl yēr)
Any 12-month cycle that a business or other enterprise chooses to organize its financial reporting.
References in periodicals archive ?
Although the bill would allow agencies to settle payments for goods and services delivered during the previous fiscal year within three months immediately following the current budget year, the PIDS expert said that "this is a very tight schedule" given the difficulties of government agencies to fully utilize their programmed budget on public goods and services within the fiscal period.
Passage of the GOP measures sets the stage for months of wrangling with the administration over a final spending plan for the budget year that begins Oct.
9 trillion in the budget year that begins on October 1, included many spending and tax proposals he has put forward before.
An exception to this rule allows that current expenditure can be higher than the limit expressed in section 2 only by the amount connected with realization of current expenditure together with resources coming from the EU budget and the resources which do not have to be returned and which come from the aid provided by the EFTA member states in case these resources were not passed in a particular budget year.
The workgroup also recommended that a reserve fund be established so courts and clerks have sufficient money to begin each budget year and smooth out month-to-month cash flows.
The daily did not give any figures for the total budget amount needed to cover imports of gasoline and diesel fuel during the Iranian budget year that ends next March.
3bn, pushing the nine-month total since the budget year started in October to $1.
It is crucial to know what is expected of your department each budget year.
4bn to run the Defence Department in the budget year beginning on October 1.
ITEM: An Associated Press article in USA Today, entitled "Federal Deficit Now Lowest in 4 Years," reported on October 11: "The federal deficit fell to a four-year low in the budget year that just ended, a result President Bush pointed to Wednesday in claiming Republicans are better stewards of the economy than are Democrats.
The UK has reported an excessive deficit slightly above the 3% of GDP threshold since the 2003-2004 budget year, and the Commission has projected the country's deficit to remain above the reference value, at about 3.