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.
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References in periodicals archive ?
The city budget officer would then issue a request for allotment for the fourth quarter of the budget year, 'which is not a customary procedure of the LGU (local government unit),' the COA said.
The departments have jointly decided to raise the cap during the past two budget years, but it was only 15,000 more in those years.
The total budget grew to $623 million from $550 million as the city carried over projects and contracts that have been approved in previous budgets by the City Council but will not be completed by Thursday, the final day of the current budget year. The carryover includes more than $12.5 million for the new City Hall project.
The school sent that money back to the state in the 2010 budget year because it "was simply the least harmful of two unpleasant options; deferring critical maintenance or eliminating staff and as a result, federally mandated student services," Bugen wrote.
There, Gearhart testified the deficit, amassed during the 2011 and 2012 budget years, occurred when the fundraising arm, known as the Advancement Division, hired about 20 new people without having enough money to pay them.
The explanations should enable us to conduct an analysis of the assumptions adopted in order to forecast particular items of the MFP and to verify whether in the next budget years the accepted method of forecasting was modified and whether these modifications had substantial foundations.