Operating Budgets

A fiscal year is a 12-month period over which a company budgets its spending. It does not always begin in January and end in December; it may run over any period of 12 months. SCHC’s fiscal year begins July 1st and ends June 30th of the following year.

The fiscal year is referred to by the date in which it ends. For example, if SCHC’s current fiscal year ends June 30, 2018, everything between July 1, 2018, and June 30, 2019, would be referred to as FY 2019.