Massachusetts General Laws ch. 35 sec. 16 – Fiscal year
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Section 16. The fiscal year of each county shall be the year beginning with July first and ending with the following June thirtieth; but the treasurer shall, until July tenth, enter in his books the items for the payment of bills incurred and salaries earned during the previous fiscal year. Immediately after July first, he shall pay to every officer in his county any salary balance remaining due.
Terms Used In Massachusetts General Laws ch. 35 sec. 16
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.