Fiscal


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Fiscal

Relating to finance or financial matters, such as money, taxes, or public or private revenues.

A fiscal agent is a bank engaged in the business of collecting and disbursing money. Such a bank also serves as a place for the deposit of private and public funds on behalf of others.

A fiscal year is a period of twelve months that does not necessarily correspond with the traditional calendar year. During this time period, appropriations are made and expenditures are authorized. At the end of the year, accounts are composed and the books are balanced. It is an accounting year frequently used by a state or large business, the first day of which is usually April, July, or October 1.

Fiscal officers are those individuals whose role it is to collect and distribute public money, such as state revenues or the revenues of a county or Municipal Corporation. The title is also used to describe officers in a private corporation who have the duty to oversee financial transactions. Fiscal officers of a corporation include a treasurer and a comptroller.

References in periodicals archive ?
For land acquisition of the Sukkur-Hyderabad section of CPEC Rs10 billion have been proposed for the next fiscal year as against the requirement of Rs22 billion.
For fiscal year 2017, total revenue grew 28 percent to USD 1.8 billion, compared with USD 1.4 billion in fiscal year 2016.
In the past, FRBM fiscal targets have been point estimates without a clearly defined guidance on relaxing these targets during exceptional circumstances.
The company generated approximately USD2.0 million of cash flow from operating activities during the first nine months of fiscal year 2016, an increase of 95.3 percent compared to the first nine months of fiscal year 2015.
States' rainy day funds in fiscal 2015 totaled $44 billion, which could cover a smaller share of day-to-day government expenditures than in fiscal 2013 and 2014, but more than in the years immediately preceding the Great Recession.
Consolidated net inflows of USD16.7 billion for the fiscal year ended October 31, 2015 represent an internal growth rate of six percent (consolidated net inflows divided by beginning of period consolidated assets under management).
Revenue for fiscal 2014 was USD251.7m, up five percent from fiscal 2013 revenue of USD240.2m.
According to the IMF, despite the advances made to date, current understanding of governments' underlying fiscal position and the risks to that position remains inadequate.
Overseas Pakistanis, specially those working in the UAE, GCC, Saudi Arabia, UK and US, once again came forward to help their motherland and sent record remittances during fiscal year-2011, totalling $11.2 billion.
Gregory S Marcus, the company president and chief executive officer, said, 'Although fiscal 2010 was a difficult year for Marcus Hotels and Resorts, we are very encouraged by the improvement in our results during the fourth quarter, as we significantly outperformed our segment of the lodging industry as a whole.
The data indicated that Japan's general account budget will expand from 88.5 trillion yen in fiscal 2009 to 95.4 trillion yen in fiscal 2012.
The gross margin for fiscal Q4 2008 increased to 16.1% from 8.5% in fiscal Q4 2007.