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The Federal Fiscal Year (CRS Report for Congress)

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Release Date Revised June 17, 2008
Report Number 98-325
Authors William Heniff, Government and Finance Division
Source Agency Congressional Research Service
Older Revisions
  • Premium   June 13, 2003 (2 pages, $24.95) add
Summary:

The fiscal year is the accounting period of the federal government. It begins on October 1 and ends on September 30 of the next calendar year. Each fiscal year is identified by the calendar year in which it ends and commonly is referred to as "FY." For example, FY2008 began October 1, 2007, and ends September 30, 2008. For more information on the budget process, see the CRS Guides to Congressional Processes at http://www.crs.gov/¿products/¿guides/¿guidehome.shtml.