Fiscal Year refers to a one-year period from July 1 of one calendar year to June 30 of the following year. The fiscal year period aligns with the North Carolina Office of State Budget and Management (OSBM) defined fiscal year. When term-based information is represented by fiscal year, it refers to sequential terms beginning with Summer II, followed by Fall, Spring, and Summer I.Fiscal years may be represented by the 4-digit year of the starting calendar year hyphenated with the 4-digit year of the ending calendar year, the 4-digit year of the beginning calendar year hyphenated with the 2-digit year of the ending calendar year, the 4-digit year of the the ending calendar year, or the 2-digit year of the ending calendar year, and are typically preceded by 'FY.' For example, FY 2022-2023, FY 2022-23, FY 2023, or FY 23 may be used to represent the fiscal year period July 1, 2022 through June 30, 2023.