Minnesota Statutes 214.08 – Fiscal Year
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All health-related boards and all non-health-related boards shall adopt the fiscal year system employed by the state.
Terms Used In Minnesota Statutes 214.08
- 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.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44