Okla. Stat. tit. 19, § 19-901.45: Funds - Prohibited acts - Liability

A. No expenditure may be authorized or made by any employee or

member of the board which exceeds any fund balance for any fund of

the budget as adopted or amended or which exceeds the appropriation

for any fund of the budget as adopted or amended. Any balance

remaining in a fund at the end of the budget year shall be carried

forward to the credit of the fund for the next budget year.

B. It shall be unlawful for any employee or member of the board

in any budget year:

1. To create or authorize creation of a deficit in any fund; or

2. To authorize, make or incur expenditures or encumbrances in

excess of ninety percent (90%) of the appropriation for any fund of

the budget as adopted or amended until revenues in an amount equal

to at least ninety percent (90%) of the appropriation for the fund

have been collected. Any fund balance which is included in the

appropriation for the fund is considered revenue in the budget year

for which it is appropriated. Expenditures may then be made and

authorized so long as any expenditure does not exceed any fund

balance.

C. Any obligation that is contracted or authorized by any

member or employee of the board in violation of this act shall

become the obligation of the member or employee himself and shall

not be valid or enforceable against the district. Any member or

employee who violates this act shall forfeit his position and shall

be subject to such civil and criminal punishments as are provided by

law. Any obligation, authorization for expenditure or expenditure

made in violation of this act shall be illegal and void.