fiscal year meaning A twelve month period used by the Federal Government that begins on October 1 of one year and ends on September 30 of the following year. It is often shortened to FY, as in, FY 2015 is October 1, 2014, to September 30, 2015.
fiscal year meaning 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 2013 begins on October 1, 2012 and ends on September 30, 2013. Congress passes appropriations legislation to fund the government for every fiscal year.