About This View
The table below shows the sum of Department of Commerce's expenditures during fiscal year 2012 (July 1, 2011 - June 30, 2012). The state fiscal year runs from July 1 to the following June 30 and is numbered for the calendar year in which it ends. The State of Iowa operates on a modified accrual basis which provides that encumbrances on June 30 must be paid within 60 days after fiscal year end. Object class provides a description of the type of expenditure such as travel, supplies, utilities, equipment, etc.