fiscal year

noun

1. any yearly period without regard to the calendar year, at the end of which a firm, government, etc., determines its financial condition.

fiscal year

noun

1. any annual period at the end of which a firm's accounts are made up
2. the annual period ending April 5, over which Budget estimates are made by the British Government and which functions as the income-tax year

fiscal year

1. A twelve-month period for which an organization, such as a government or corporation , plans the use of its funds. Commonly, fiscal years run from July 1 to June 30, or, in the case of the U.S. government, from October 1 to September 30.

Word History and Origins

Origin of fiscal year¹

An Americanism dating back to 1835–45

Example Sentences

In its analysis of Stormont’s budget, it warned that all departments had started the fiscal year facing "an in-built wage-cost pressure" as a result of existing pay deals.

From BBC

L.A. is expected to receive approximately $355 million in federal grant funding this fiscal year, according to the City Administrative Office.

From Los Angeles Times

The governor’s aides said increases to the state’s legal defense would be paid for with income tax revenues that have exceeded projections in the current fiscal year, but the amount of funding will be determined in negotiations at the state Capitol.

From Los Angeles Times

Under Folt, USC raised more than $800 million in fiscal year 2024, the largest haul in eight years, and its fundraising total the previous year ranked in the top 10 among U.S. research universities, a USC statement said.

From Los Angeles Times

Research expenditures grew to $1.1 billion in fiscal year 2023, a 27% increase over four years, according to the emailed statement.

From Los Angeles Times

Related Words

• calendar year
• financial year