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Terms Used In Maryland Code, STATE GOVERNMENT 10-605

  • 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) On or before July 31 of each year, each department or independent unit shall submit to the Division an annual report on its activities as to the management of its forms during the previous fiscal year.

(b) On or before September 1 of each year, the Division shall submit, subject to § 2-1257 of this article, to the General Assembly an annual report that consolidates the reports of the departments and independent units.