encyclopedia

FIS

Financial Information System. The name of the computer services function at the MTA.

FISCAL CONSTRAINT

Making sure that a given program or project can resonably expect to receive funding within the time alloted for its implementation.

FISCAL POLICIES

Official and binding policies adopted by the MTA Board of Directors formalizing principles of sound financial management and specifically articulating the practices to be followed in the conduct of the MTA’s financial or financially related functions and operations.

FISCAL YEAR

The period at the end of which a governmental agency determines its financial position and results of operations. The MTA fiscal year begins July 1 and ends June 30.

FISHPLATE

Steel bar for connecting rails in track. Also called a joint bar.