Changes

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>

A '''fiscal year''' is a 12-month period used for accounting purposes.<ref>[[Merriam-Webster]]'s Online Dictionary. [http://www.m-w.com/dictionary/fiscal%20year Fiscal Year].</ref> This can coincide with the [[calendar year]], but it does not have to.

 

The fiscal year for federal government 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==

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[[Category:US Senate Terms]]

[[Category:US Senate Terms]]