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Fiscal Year (FY)

Fiscal Year (FY)

The fiscal year is an accounting period that spans 12 months. For the Federal government, it runs from October 1 to September 30. For example, Fiscal Year 2017 (FY 2017) starts October 1, 2016 and ends September 30, 2017. A fiscal year may be broken down into quarters. For the Federal government, these quarters are:

    Q1: October - December
    Q2: January - March
    Q3: April - June
    Q4: July - September