Welcome to the Fiscal New Year!
What is a Fiscal Year?
The fiscal year is a 12-month period used by companies for financial planning, budgeting, and performance tracking. Unlike the calendar year (January to December), a fiscal year can start and end at different times — depending on what works best for the business. In our industry (construction), the fiscal year is often aligned with the building season and project cycles rather than the calendar year. For example, we begin our fiscal year in August, just after the busiest part of the summer season. This allows us to:
- Close out major summer projects
- Review financial performance from peak construction months
- Plan and budget for the upcoming fall and winter
- Strategize for the next busy season
By aligning financial reporting with the natural rhythm of construction work, we can make smarter decisions, manage resources more effectively, and set clearer goals for the year ahead. As we enter our new construction fiscal year, we're ready to build on the progress we've made — and lay the foundation for even greater things to come.
What does the New Fiscal Year mean to Us?
As we mark the beginning of a new fiscal year, we're excited to move forward with fresh goals, renewed energy, and continued commitment to excellence. The new fiscal year represents more than just a date on the calendar — it's a time for reflection on the progress we've made, recognition of the hard work of our teams, and planning for the projects and opportunities ahead.
Whether you're a long-standing partner, a new client, or someone exploring what we do, we thank you for being part of our journey with DBR Development.