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

She boosted the Animal Services budget by 18% — much lower than the 56% increase sought by the department — then trimmed the budget slightly the following fiscal year.

From Los Angeles Times

In just the first three months of the fiscal year, the city is on the hook for more than $47 million to resolve lawsuits and claims for injuries and other incidents on public property.

From Los Angeles Times

The company’s so-called experiences division, which consists of its theme parks, cruise line, luxury travel experiences and merchandise, contributed nearly 60% of Disney’s operating income this fiscal year.

From Los Angeles Times

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 city needs to pay a quarter of a billion dollars in liability costs through the first three months of this fiscal year alone, leading leaders to wonder where the money will come from.

From Los Angeles Times

Related Words

• calendar year
• financial year