Nursing Professional Development Certification (NPD-BC) Practice Exam

What is the fiscal year for an organization that aligns with the state legislature and US Congress?

1. January 1 to December 31

2. October 1 to September 30

3. July 1 to June 30

4. August 1 to July 31

The correct answer is: July 1 to June 30

The correct choice for the fiscal year that aligns with both the state legislature and the US Congress is typically the one that runs from October 1 to September 30. This scheduling allows organizations to synchronize their budgeting processes with federal funding cycles, as the federal fiscal year begins on October 1 and ends on September 30 of the following year. Aligning the organization’s fiscal year with this timeline helps ensure that state budgets and federal funding initiatives are coordinated, which is essential for public institutions and organizations that rely on government resources. This alignment fosters more effective planning and resource allocation consistent with governmental timelines, especially for those that receive funding or support from both state and federal sources. The other options do not align with the established fiscal year followed by the federal government, which can lead to misalignment in budgeting and planning for organizations that work closely with legislative bodies.