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 busi-
ness of collecting and disbursing money. Such a
bank also serves as a place for the deposit of pri-
vate and public funds on behalf of others.
A fiscal year is a period of twelve months that
does not necessarily correspond with the tradi-
tional 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 corpo-
ration who have the duty to oversee financial
transactions. Fiscal officers of a corporation
