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What is a fiscal year?

A fiscal year is a 12-month operating cycle that comprises a budget and financial reporting period. Fiscal years are different for governments.

The fiscal year for local governments, including Johnson County and its cities, begins on January 1 and ends on December 31 in the same calendar year.

The fiscal year for the State of Kansas begins on July 1 and ends on the following June 30.

The fiscal year for the federal government starts on October 1 and ends on the following September 30.