Fiscal-year budgets expire on June 30, and fiscal-year budgeting is typically done in Ledgers 1, 2, 4, 7, and 9. 

Project-period budgets continue for the "life" of the project, and project-period budgeting is done in Ledgers 5 and 8, and for grants and contracts in Ledger 6. 

The Year-End Processing attribute governs whether an account is subject to fiscal or project budgeting.