State Fiscal Year:FY 2016
State Biennium:2015 - 17
Federal Fiscal Year:FY 2015
State Fiscal Year = A 12-month period used for budget and accounting purposes. The state fiscal year runs from July 1 through June 30 of the following year, and is named for the calendar year in which it ends (e.g., July 1, 2013 through June 30, 2014 is state Fiscal Year 2014).
State Biennium = Washington enacts budgets on a two-year cycle, beginning on July 1 of each odd-numbered year. For example, the budget approved for the 2013-15 biennium remains in effect from July 1, 2013 through June 30, 2015. It is referred to as the “2013-2015 biennial budget.”
Federal Fiscal Year = A 12-month period used for federal budget and accounting purposes. The federal fiscal year runs from October 1 through September 30, and is named for the calendar year in which it ends (e.g., Oct. 1, 2013 through Sept. 30, 2014 is federal Fiscal Year 2014).
Contact Greg Gamble for any questions on the calculator.
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