Bend Oregon Lights

What Is Your Fiscal Year? (Jan-Dec or July-June)

This topic contains 1 reply, has 2 voices, and was last updated by  ValerieW_Bend 1 year, 7 months ago.

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  • #3419

    Greetings DMOs,
    We’ve been having internal discussions of late regarding potentially changing our FY from a January through December period to a July through June period. Our RDMO, Travel Southern Oregon, is planning to do this and our group has flirted with the idea on and off for a couple years. Questions for you:

    1) Are you on a July-Dec year?
    2) Did you change from a Jan-Dec year?
    3) Why did you change (or not change if you considered it but didn’t follow through)?
    4) What about your Marketing budget – does it follow your corporate budget in terms of CY/FY?

    Any comments, experiences either for or against such a move welcome.

    Thank you.

    #3420
     ValerieW_Bend 
    Keymaster

    Hi Jim:

    1) Are you on a July-Dec year? We are on a July 1 – June 30 fiscal year
    2) Did you change from a Jan-Dec year? No – we have always had this fiscal year schedule
    3) Why did you change (or not change if you considered it but didn’t follow through)?
    4) What about your Marketing budget – does it follow your corporate budget in terms of CY/FY? Yes, all of our budgeting follows the fiscal year vs. the calendar year.

    Hope this helps!
    Valerie

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