Difference between revisions of "Fiscal year"
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| − | The fiscal year is the accounting period for the federal government which begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006. [[Congress]] passes [[appropriation|appropriations]] legislation to fund the government for every fiscal year.<ref>[http://www.senate.gov/reference/glossary_term/fiscal_year.htm] US Senate Reference</ref> | + | The '''fiscal year''' is the accounting period for the federal government which begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006. [[Congress]] passes [[appropriation|appropriations]] legislation to fund the government for every fiscal year.<ref>[http://www.senate.gov/reference/glossary_term/fiscal_year.htm] US Senate Reference</ref> |
==References== | ==References== | ||
Revision as of 22:33, July 30, 2007
The fiscal year is the accounting period for the federal government which begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006. Congress passes appropriations legislation to fund the government for every fiscal year.[1]