Alabama Code 11-81-187. Determination as to operation of system upon calendar, operating or fiscal year basis, etc
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Alabama Code 11-81-187
- 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 ordinance authorizing the issuance of such bonds shall definitely determine whether such system or combined system shall be operated upon a calendar, operating or fiscal year basis and the dates of the beginning and ending of the same.