The period of performance refers to the time during which the recipient may incur obligations to carry out the work authorized under the federal award. The estimated start and end dates of the period of performance are August 31, 2023 – August 30, 2028. The budget period or budget year is the duration of each individual funding period within the period of performance. This cooperative agreement will have five 12-month budget periods. The estimated budget period for Year 1 is August 31, 2023 – August 30, 2024.