TeachMeFinance.com - explain Fiscal year (FY)
Fiscal year (FY) The term 'Fiscal year (FY)' as it applies to the area of nuclear science can be defined as ' The 12-month period from October 1 through September 30 used by the Federal Government for budget formulation and execution. The fiscal year is designated by the calendar year in which it ends; for example, FY 2009 runs from October 1, 2008, through September 30, 2009. '.
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