Okla. Stat. tit. 11, § 11-17-109: Capital improvement fund - Authority to create

The municipal governing body may create a capital improvement

fund and place in the fund any money available to the municipality.

Money in the fund may be accumulated from year to year. The fund

shall be nonfiscal and shall not be considered in computing any levy

when the municipality makes its estimate to the excise board for

needed appropriations. Money in the capital improvement fund may be

expended for any capital improvement.