photo credit: MBoy68
Fiscal Year: Any yearly accounting period, regardless of its relationship to a calendar year. The federal government’s annual accounting period. Financial operations of the government are carried out in a 12-month accounting year, beginning on October 1 and ending on September 30. Each fiscal year is identified by the calendar year in which it ends and commonly is referred to as “FY;” for example, fiscal year 2020 (FY2020) begins on October 1, 2019 and ends on September 30, 2020. See 31 U.S.C. § 1102.
From fiscal year 1844 to fiscal year 1976, the fiscal year began July 1 and ended the following June 30. The 3-month period, July 1, 1976, to September 30, 1976, between fiscal years 1976 and 1977 is called the “transition quarter” (TQ).
Prior Year: The fiscal year immediately preceding the current fiscal year.
- Chapter 7, Legislating in Congress: Federal Budget Process, in Congressional Deskbook
- The Federal Budget Process: A description of the federal and congressional budget processes, including timelines
- Chapter 7 – The Congressional Budget and Other Special Cases; Chapter 7.C. The Congressional Budget Resolution; in Congressional Procedure
2018-003 Hearing: The President’s Fiscal Year 2019 Budget
- “Basic Federal Budgeting Terminology,” CRS Report 98-410 (6-page PDF)
- “The Federal Fiscal Year,” CRS Report 98-325 (3-page PDF)
- “The Federal Budget: Overview and Issues for FY2017 and Beyond,” CRS Report R44428 (28-page PDF)
- “A Balanced Budget Constitutional Amendment: Background and Congressional Options,” CRS Report R41907 (53-page PDF)
- “The Corporation for Public Broadcasting: Federal Funding and Issues,” CRS Report RS22168 (15-page PDF)
- “Foreign Aid: An Introduction to U.S. Programs and Policy,” CRS Report R40213 (44-page PDF)
- “Discretionary Budget Authority by Subfunction: An Overview,” CRS Report R41726 (45-page PDF)
- “Continuing Resolutions: Overview of Components and Recent Practices,” CRS Report R42647 (38-page PDF)
- Congressional Operations Briefing – Capitol Hill Workshop
- Drafting Federal Legislation and Amendments
- Writing for Government and Business: Critical Thinking and Writing
- Custom, On-Site Training
- Congressional Operations Poster, with Federal Budget Process Flowchart
- Federal Budgeting, a Five-Course series on CD
- Congress, the Legislative Process, and the Fundamentals of Lawmaking Series, a Nine-Course series on CD
The Federal Budget Process 2E
Citizen’s Handbook to Influencing Elected Officials: A Guide for Citizen Lobbyists and Grassroots Advocates
CongressionalGlossary.com, from TheCapitol.Net
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