Fiscal Year does not work for Current Year. The current fiscal year will always start in the first day of the current year (Jan 1st), not the set fiscal year.
The issue will happen every 1st of the month, except July 1st. This is if the set Fiscal Year is 07/01/2015 to 06/30/2016. Basically the reports generated (on every 1st of he month) are wrong .
On the 2nd day of the month to the last day of the month, the issue does NOT happen. Only the 1st day of every month gets the issue (except July 1st). Issue happen 11 times in a whole year.