Final answer:
The statement is A. True, revenues are considered available if they are expected to be collected in the current fiscal period or within a month of the fiscal year end, which aligns with fiscal year accounting practices for assessing budget surpluses or deficits.
Step-by-step explanation:
The question pertains to whether a revenue or other financing source is considered 'available' if it is expected to be collected during the current fiscal period or within one month of the fiscal year end. This is related to understanding how budget surpluses or deficits are calculated, which involves the timing of revenue collection within the fiscal year.
A fiscal year, as noted, typically starts on October 1 and ends on September 30 of the following year. Governments and organizations track their revenues and expenditures in this period to determine if they are operating at a surplus or a deficit. Whether or not a revenue is deemed 'available' affects the calculation of the budget deficit or surplus.
The statement is True, as revenues expected to be collected within the stated timeframe are indeed considered 'available' for accounting and budgetary purposes. The understanding of the fiscal period is crucial for accurate budgeting in sectors such as corporate finance and government budgeting.