When running a LYBUNT report, found under Analyze > Retention, the report doesn't filter out donors based on fiscal year if it's set differently than the Calendar year in the Raiser's Edge database.
There is a difference in the way that the LYBUNT report works vs. the Last Gift column in lists works. The LYBUNT report does not consider soft credits when determining if a constituent has donated this year. However, the Latest Gift column in the Constituent List does include soft credits.
Steps to Duplicate
1) Open up RENXT 2) Click Fundraising > Analyze 3) Click on the Retention tab 4) Select The LYBUNT donors (under Year to date retention) 5) Create List 5) Sort donors by Latest Gift