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What is a “Fiscal Year (FY)” and when does it begin and end?

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What is a “Fiscal Year (FY)” and when does it begin and end?

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The City of Glendale and State of Arizona follow a Fiscal Year (FY) that starts July 1 and ends June 30. A Fiscal Year is the period designated by the city for the beginning and ending of financial transactions or a budget cycle. The 2004 Annual Budget or Fiscal Year 2003-04 (FY 2004) refer to the period that begins July 1, 2003 and concludes on June 30, 2004.

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