Terms Used In South Carolina Code 59-13-90

  • 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 county superintendent of education shall, on or before the fifteenth day of July in each year, report to the county treasurer, by school districts, all school claims approved by him for the school year last preceding, and the county treasurer shall thereupon close the school accounts for that year, carrying over any balance to the credit of each school district to the then current fiscal year.