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r <br /> Fiscal Year 2005 - 2006 ( July 1 , 2005 - June 30 , 2006 ) <br /> Fiscal Year 2005 - 2006 FY FY <br /> 06 / 07 07 / 08 <br /> # of Months Elapsed 1 2 3 4 5 6 7 8 9 10 11 12 24 36 <br /> Month June J A S O N D J F M A M J <br /> Advertise X <br /> Availability <br /> of Funds <br /> Application X <br /> Period <br /> Start Program X <br /> Year <br /> Annual Report X <br /> Mid - Year X <br /> Review / <br /> Adjustments <br /> End - Year X <br /> Review / <br /> Adjustments <br /> Encumbrance X <br /> Deadline <br /> Expenditure <br /> Deadline X <br /> Final Program 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 /> • <br /> 65 <br />