Terms Used In 5 Guam Code Ann. § 221603

  • 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.
The SAR Fund shall act as a clearinghouse account for all supplemental revenues and expenditures identified by the government of Guam in any Supplemental Appropriations Act and other Acts that contain revenue sources that have not been identified in the General Appropriations Act of each fiscal year.