Definition
The 12-month period an HOA uses for budgeting, accounting, and reporting — not necessarily the calendar year.
A fiscal year is the association's official 12-month accounting period. Many HOAs use the calendar year, but the governing documents may set a different start date.
The fiscal year frames everything financial: the budget cycle, financial statements, the annual meeting timing, and tax filing. Knowing your fiscal year keeps budgeting and reporting on a consistent, predictable schedule.