Md. Code, Local Government § 16–101

(a) The fiscal year for each county, municipality, or special taxing district

begins on July 1 of a calendar year and ends on June 30 of the next calendar year.

(b) Each county, municipality, and special taxing district shall use the fiscal

year for:

(1) appropriating money;

(2) authorizing expenditures; and

(3) balancing books and accounts.