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Fiscal Year - CORRECT - ANSWERS A fiscal period consisting of 12 consecutive months. Used in government accounting and budget purposes. True or False The fiscal year captures all expenses and revenues reserved within a defined 12 month period. - CORRECT - ANSWERS True What is Budget Adopted Law - CORRECT - ANSWERS Each jurisdiction must have a budget prepared and adopted into law when the official budget year begins Public Budgeting Process - CORRECT - ANSWERS ...