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Fiscal Year 2005-2006 (July 1, 2005 - June 30, 2006) <br />• Advertise availability of funds and application period at <br />least 30 days prior to application acceptance date <br />• Encumbrance of funds (12 months following end of state FY) <br />• Expenditure of funds (24 months following end of state FY) <br />• Annual report must be submitted to the FHFC by September 15 <br />of each year. <br />65 <br />Fiscal Year 2005-2006 <br />FY <br />FY <br />107/08 <br />06/07 <br /># of Months Elapsed <br />1 <br />2 <br />3 <br />4 <br />5 <br />6- <br />7 <br />8 <br />9 <br />10 <br />11 <br />112 <br />24 <br />36 <br />Month <br />June <br />J <br />A <br />S <br />0 <br />N <br />D <br />J <br />F <br />M <br />A <br />M <br />J <br />Advertise <br />X <br />Availability <br />of Funds <br />Application <br />X <br />Period <br />Start Program <br />X <br />Year <br />Annual Report <br />X <br />Mid -Year <br />X <br />Review/ <br />Adjustments <br />End -Year <br />X <br />Review/ <br />Adjustments <br />Encumbrance <br />X <br />Deadline <br />Expenditure <br />X <br />Deadline <br />Final Program <br />X <br />Review <br />• Advertise availability of funds and application period at <br />least 30 days prior to application acceptance date <br />• Encumbrance of funds (12 months following end of state FY) <br />• Expenditure of funds (24 months following end of state FY) <br />• Annual report must be submitted to the FHFC by September 15 <br />of each year. <br />65 <br />