Source: https://development.code.dccouncil.us/dc/council/code/sections/1-204.41.html
Timestamp: 2019-04-21 02:41:45+00:00

Document:
D.C. Law Library - § 1–204.41. Fiscal year.
↪ Subpart 1. Budget and Financial Management.
↪ § 1–204.41. Fiscal year.
Subpart 1. Budget and Financial Management.
§ 1–204.42. Submission of annual budget.
(a) In general. — Except as provided in subsection (b) of this section, the fiscal year of the District shall, beginning on October 1, 1976, commence on the first day of October of each year and shall end on the 30th day of September of the succeeding calendar year. Such fiscal year shall also constitute the budget and accounting year. The District may change the fiscal year of the District by an act of the Council. If a change occurs, such fiscal year shall also constitute the budget and accounting year.
(1) Armory Board. — The fiscal year for the Armory Board shall begin on the first day of January and shall end on the thirty-first day of December of each calendar year.
(2) Schools. — Effective with respect to fiscal year 2007 and each succeeding fiscal year, the fiscal year for the District of Columbia Public Schools (including public charter schools) and the University of the District of Columbia may begin on the first day of July and end on the thirtieth day of June of each calendar year.
This section is referenced in § 1-301.86, § 1-301.115a, § 1-1162.07, § 47-317.03a, and § 47-392.01.
Pub. L. 108-386, in the first sentence, substituted “(a) In general—Except as provided in subsection (b), the fiscal year” for “The fiscal year”; deleted the third sentence which had read “Such fiscal year shall also constitute the budget and accounting year.”; and added subsec. (b).
Pub. L. 109-356, in subsec. (b)(2), substituted “may begin” for “shall begin”.
D.C. Law 19-321 added “The District may change the fiscal year of the District by an act of the Council. If a change occurs, such fiscal year shall also constitute the budget and accounting year” to the end of (a).
For temporary amendment of (a), see § 2(d) of the Local Budget Autonomy Emergency Amendment Act of 2012 (D.C. Act 19-566, January 7, 2013, 59 DCR 15061, applicable as of January 1, 2014, and effective as provided in § 1-203.03.
Temporary Commission on Financial Oversight of the District of Columbia: Sections 1 to 3 and 5 to 7 of the Act of September 4, 1976, 90 Stat. 1205, Pub. L. 94-399, as amended by the Act of September 26, 1978, 92 Stat. 750, Pub. L. 95-386 and the Act of June 21, 1979, 93 Stat. 75, Pub. L. 96-27, provided for the establishment of the Temporary Commission on Finance Oversight of the District of Columbia for the purpose of improving the financial planning, reporting, and control systems of the District government. 31 U.S.C. § 715 sets up audit of accounts in D.C. on a permanent basis as of 1982 in § 1-207.36.
Definitions applicable: The definitions in § 1-201.03 apply to this section.

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