Okla. Stat. tit. 11, § 11-17-202: Purpose of act

The purpose of this act is to provide an alternate budget

procedure for municipal governments which will:

1. Establish standard and sound fiscal procedures for the

adoption and administration of budgets;

2. Make available to the public and investors sufficient

information as to the financial conditions, requirements and

expectations of the municipal government; and

3. Assist municipal governments to improve and implement

generally accepted standards of finance management.