fiscal year

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Related to financial years: Fiscal Year End

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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Answering a question in parliament from MP for Nkange, Mr Edwin Batshu, the assistant minister said the council raised funds through public auction sale of the unclaimed matimela cattle and generated a total sum of P116 398 in 2016/17 financial year. Mr Autlwetse mentioned that for the financial year 2017/18 the total amount collected was P18 027.50 and for 2018/19 a total of P94 323.50 was raised for council.
JamboPay CEO Danson Muchemi reportedly told the ICT committee last Wednesday that his firm collected Sh14 billion for the county during the financial year.
However, SBP's assessment of overall macroeconomic picture suggests that this target is ambitious and would critically depend on managing the growing pressures on the external account -discussed below, while ensuring that average inflation is contained close to its target in financial year 2018-19.
Expenses for the financial year increased to $9,895,377 from $7,927,697 in the 2006 financial year, which represents a 25% increase.
Mr Goya explained that the Authority went over budget on outreach programmes in the 2017/18 financial years as there was a concerted effort to sensitise the public on the National Lottery.
The state is targeting Sh1.68 trillion in the current financial year

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