Okla. Stat. tit. 19, § 19-901.46: Funds and accounts

A district shall maintain, according to its own accounting

needs, some or all of the funds and account groups in its system of

accounts that are consistent with legal and operating requirements

and as prescribed by the State Auditor and Inspector. The required

funds may include, but not be limited to:

1. A general fund, to account for all monies received and

disbursed for general district purposes, including all assets,

liabilities, reserves, fund balances, revenues and expenditures

which are not accounted for in any other fund or special ledger

account;

2. Special revenue funds, as required, to account for the

proceeds of specific revenue sources that are restricted by law to

expenditures for specified purposes;

3. Debt service fund, which shall include the district sinking

fund, established to account for the retirement of general

obligation bonds or other long-term debt and payment of interest

thereon. Any monies pledged to service general obligation bonds or

other long-term debt must be deposited in the debt service fund;

4. Capital improvement fund, to account for financial resources

segregated for acquisition, construction or other improvement

related to capital facilities other than those financed by general

long-term debt;

5. A ledger or group of accounts in which to record the details

relating to the general fixed assets of the county;

6. A ledger or group of accounts in which to record the details

relating to the general funds or other long-term debt of the

district; and

7. Such other funds or ledgers as may be established by the

district.