February 2008 Revised Non-Regulatory Guidance Title I ...

If a State is using a fiscal year that begins on July 1 and fiscal year 2005 Federal funds are first made available on July 1, 2005, the current State fiscal year is the 12-month period that begins on July 1, 2004 and ends on June 30, 2005. The “preceding fiscal year” is the 12-month period that begins on July 1, 2003 and ends on June 30, 2004. ................
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