Okla. Stat. tit. 11, § 11-17-207: Monies received and expended must be accounted for by

fund or account.

Any monies received or expended by a municipality must be

accounted for by fund and account. Each municipality shall adopt an

appropriation for the general fund and for all other funds

established by the governing body pursuant to the provisions of

Section 17-212 of this title. The municipal governing body shall

determine the needs of the municipality for sinking fund purposes,

pursuant to the provisions of Section 431 of Title 62 of the

Oklahoma Statutes, Section 3017 of Title 68 of the Oklahoma

Statutes, and Section 28 of Article 10 of the Oklahoma Constitution,

and include these requirements in the debt service fund budget for

the budget year.