Nevertheless, rampant African-American criminality is not some racist fantasy, and it is getting worse. The overall U.S. murder rate has been falling in recent years, but it is rising among blacks, and especially black males. Blacks constitute 14% of the population but commit murder at 7 to 8 times the white rate. In 1960, the rate of incarceration for black males per 100,000 was 1,313; by 2010, it had soared to 4,347 (see here).
As with the case with Duke University's calendar, it is also common for there to be two months that differ due to the short number of days. In the case of Duke, June and July are slightly adjusted so the fiscal year can always begin on July 1 and end on June 30.
A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual (yearly) financial statements in businesses and other organizations all over the world.