State and Local Government Fiscal Year Ends Soon

June 23, 2016

Government contractors should reach out to agencies prior to June 30

Source: American City & County, Michael Keating, June 13, 2016

June 30 marks the end of the fiscal year in 46 states, according to the National Conference of State Legislatures. Many cities and counties, likewise, have fiscal year-ends on June 30.

“In Connecticut, our fiscal year-end is June 30th. Purchasing agencies are always scrutinizing their budgets, but between mid-March and the fiscal year-end, this is when the bulk of the unplanned purchasing accelerates, if there are dollars available,” says Carol Wilson, C.P.M., who is Director of Procurement for the Connecticut Department of Administrative Services.

Wilson recently discussed fiscal year-end spending in her presentation at the National Association of State Procurement Officials’ How to Market to State Governments 2016 meeting in March. Wilson told vendors, contractors and purchasing officials in attendance to pay attention to the fiscal year in government agencies.

Wilson noted: “At the end of the fiscal year, much spending occurs, and agencies may face use it or lose it budget decisions. Purchase orders are being created at this time, so it’s important for vendors and suppliers to engage with agency buyers.”  READ MORE….

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