Maryland Code, LOCAL GOVERNMENT 16-101
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Terms Used In Maryland Code, LOCAL GOVERNMENT 16-101
- County: means a county of the State or Baltimore City. See
- 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.
(a) The fiscal year for each county, municipality, or special taxing district begins on July 1 of a calendar year and ends on June 30 of the next calendar year.
(b) Each county, municipality, and special taxing district shall use the fiscal year for:
(1) appropriating money;
(2) authorizing expenditures; and
(3) balancing books and accounts.