What is a fiscal year?
A fiscal year, abbreviated as “FY,” is the annual period applicable to the annual operating budget. Different governmental levels, i.e., federal, state, county, and municipal, may have a different beginning date and ending date for their respective fiscal years.
  • Broward County’s fiscal year runs from October 1 of the present year through September 30 of the following year.
  • The City of Hollywood’s fiscal year runs from October 1 of the present year through September 30 of the following year.
  • The federal fiscal year runs from October 1 of the present year through September 30 of the following year.
  • The State of Florida’s fiscal year runs from July 1 of the present year through June 30 of the following year.

Show All Answers

1. What is the city’s Adopted Budget?
2. How much is the FY 2018 Adopted Budget?
3. What is a fiscal year?
4. What is the city’s current property tax rate?
5. What is a mill?
6. What is the millage rate?
7. By what date does the City’s Budget need to be adopted?
8. What is the difference between property taxes and ad valorem taxes?
9. For purposes of the City’s budget, what does debt mean?
10. What does debt service mean?
11. What is a Fund?
12. What is the City’s General Fund?
13. What is an Enterprise Fund?
14. What is the purpose of a Central Services Fund?
15. What is the purpose of the City’s Insurance Fund?
16. What is the Capital Improvement Program (CIP)?
17. What is a capital project?
18. How many full-time employees work for the City?