Q1 (Sep, Oct, Nov)
One Fiscal Year Ends and Another Begins
Quarter one of the fiscal year covers September through November. During this time one fiscal year ends and a new one begins. The final stages of the fiscal year close occur in the first 18 days of September. Immediately following the final close, the data is used for analysis that supports financial management reports. The budget developed over the summer months is loaded as an expense control into Oracle financial systems. Data uploads fund the new fiscal year operating budget.