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.

fiscal

adjective budgetary, bursal, economic, financial, fiscalis, monetary, pecuniary, pertaining to financial matters, pertaining to government finances, pertaining to monetary receipts and expenditures, pertaining to the public revenues, pertaining to the public treasury, relating to accounts, relating to money matters, relating to the management of revenue
Associated concepts: fiscal affairs, fiscal year
See also: commercial, financial, mercantile, monetary, pecuniary
References in periodicals archive ?
com Fiscal year: July-June Number of employees: 500 Parent co: Groupe Limagrain and KWS Saat Ag CEO/Pres: Raphael Journey (raphael.
Italy's fiscal behavior post-Maastricht is fit well by an estimated reaction function for the entire post- 1960 period, only deviating towards surplus in 1997, as one might expect with one-off privatization measures to show motion towards the Maastricht targets.
The request for fiscal year 2002 is $928 million compared to an equivalent figure of $871 million in fiscal year 2001 (both including $28 million for the African and Inter-American Development Foundations).
Parents with minor children might consider adopting a fiscal year for those children on their first tax returns.
For example, for fiscal year 1995, which ended June 30, 1995, the National Conference of State Legislators (NCSL) projected a closing balance of $4 billion even though planned expenditures were expected to exceed revenues by more than $1 billion.
The answer: committing to developing grass roots fiscal accountability creates better fiscal control throughout the entire operation.
For state and local governments, the long-run cost of fiscal weakness is the higher interest rates that are required to sell debt when budgetary pressures affect perceptions of investors, whether or not such pressures have been formally captured in bond ratings.
In fiscal 2008, the company expects to open approximately 90 new U.
5% for the 2006 fiscal year on a 53 week to 53 week comparison (the 52 weeks of fiscal 2005 plus the first week of fiscal 2006).
Gross profit for the second quarter of fiscal 2007 was $8.
5x during the 1998-2002 period, but sharply improved in fiscal 2003 (5x), fiscal 2004 (7.
Enrollment growth for fiscal 2007 is up over 17% from the prior year, growing at a compound average annual rate of nearly 21% in the past five years.