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INST 275 – Administrative Processes in Government - page 6 / 34

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The Fiscal Year

“Fiscal” deals with taxation, public revenues, or public debt.

The fiscal year is a 12-month accounting period without regard to a calendar year.

The federal government’s fiscal year starts on October 1 and ends September 30.  The current federal fiscal year is FY 2008.

California’s fiscal year starts on July 1 and ends June 30.  The current state fiscal year is FY 2008.

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