§ 64006 Fiscal Year Definition

• •The 'fiscal year' is a 12-month period used for budgeting and money planning.
• •It starts on July 1st of one year and ends on June 30th of the next year.
• •This is different from a regular calendar year (January to December).

A school plans its budget for the year.

If a school makes a budget plan in July 2023, it will cover money and spending until June 2024. This is their 'fiscal year'.