FY

A Fiscal Year is the twelve-month accounting period used for budgeting and financial reporting. The federal government fiscal year runs from October 1 through September 30, with FY designation reflecting the calendar year in which it ends.

Understanding FY timing is critical for government contracting, as it affects funding availability, obligation deadlines, and procurement cycles. End-of-FY periods typically see accelerated contracting activity. FY budget cycles drive agency procurement planning and priorities.