diff --git a/CHANGELOG.md b/CHANGELOG.md
index 32cc50cd27..da19293b10 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,11 @@ and this project uses `yyyy.rr[.pp]`, where `yyyy` is the year a patch is releas
 `rr` is a sequential release number (starting from `01`), and an optional two-digit
 sequential patch number (starting from `01`).
 
+## [2023.02.01] - 2023-10-13
+### Fixed
+- DIAG_MANAGER: Fixes issue with incorrect start_time functionality
+
+
 ## [2023.02] - 2023-07-27
 ### Known Issues
 - GCC 11.1.0 is unsupported due to compilation issues with select type. The issue is resolved in later GCC releases.
diff --git a/configure.ac b/configure.ac
index f7f0fea4aa..1d5803a2e5 100644
--- a/configure.ac
+++ b/configure.ac
@@ -25,7 +25,7 @@ AC_PREREQ([2.69])
 
 # Initialize with name, version, and support email address.
 AC_INIT([GFDL FMS Library],
-  [2023.02.00],
+  [2023.02.01],
   [gfdl.climate.model.info@noaa.gov],
   [FMS],
   [https://www.github.com/NOAA-GFDL/FMS])
diff --git a/libFMS/Makefile.am b/libFMS/Makefile.am
index db57f86562..b75f6817b6 100644
--- a/libFMS/Makefile.am
+++ b/libFMS/Makefile.am
@@ -28,7 +28,7 @@ lib_LTLIBRARIES = libFMS.la
 # These linker flags specify libtool version info.
 # See http://www.gnu.org/software/libtool/manual/libtool.html#Libtool-versioning
 # for information regarding incrementing `-version-info`.
-libFMS_la_LDFLAGS = -version-info 16:0:0
+libFMS_la_LDFLAGS = -version-info 16:1:0
 
 # Add the convenience libraries to the FMS library.
 libFMS_la_LIBADD = $(top_builddir)/platform/libplatform.la