When does the second interim end?

When does the second interim end?

• A. February 15
• B. January 1
• C. January 31
• D. March 31

Answer: (C)

The second interim ends January 31. In districts that follow a July 1–June 30 fiscal year, interim financial reports are mid-year checkpoints. The second interim covers the period from July 1 through January 31 and provides updated actuals and projections to year-end, allowing budget adjustments before the final year-end reports. February 15 is typically a filing deadline, not the end of the interim period, January 1 is outside the mid-year cycle, and March 31 falls after the second interim period ends.

The second interim ends January 31. In districts that follow a July 1–June 30 fiscal year, interim financial reports are mid-year checkpoints. The second interim covers the period from July 1 through January 31 and provides updated actuals and projections to year-end, allowing budget adjustments before the final year-end reports. February 15 is typically a filing deadline, not the end of the interim period, January 1 is outside the mid-year cycle, and March 31 falls after the second interim period ends.