Reporting year. The interim final rule defines ‘‘reporting year’’ as a single year within the covered period, aligned to the current fiscal year of the recipient government during the covered period, for which a recipient government reports the value of covered changes and any sources of offsetting revenue increases (‘‘in-year’’ value), regardless of when those changes were enacted. For the fiscal years ending in 2021 or 2025 (partial years), the term ‘‘reporting year’’ refers to the portion of the year falling within the covered period. For example, the reporting year for a fiscal year beginning July 2020 and ending June 2021 would be from March 3, 2021 to July 2021.
Appears in 29 contracts
Samples: Funding Agreement, Funding Agreement, Funding Agreement
