Okla. Stat. tit. 65, § 65-557: Annual budget and audit - Contributions - Allocation of

income.

It shall be the duty of the commission to prepare an annual

budget which shall be subject to the general review of the governing

body of the city and the board of county commissioners. The

metropolitan library commission shall submit an annual audit of its

expenditures and income to the board of county commissioners and the

governing board of the city. This audit shall be prepared by an

independent accountant.

Each county and city establishing a city-county library system,

as herein provided, at the beginning of each fiscal year or as soon

thereafter as may be practicable, shall agree upon the necessary

contributions to be made by each for the establishment, operation

and maintenance of the city-county library system, appropriate such

funds as may be agreed upon and combine said funds with funds from

any source. Periodically, as may be agreed upon, the city and

county shall contribute their appropriated funds to a common fund

upon claims therefor being filed by the commission with the

governing body of the city and with the board of county

commissioners. After approval of the claims, the contributions

shall be made by warrants issued by the appropriate officers and

made payable to the city treasurer or county treasurer, as may be

agreed upon by the city and county. Said common fund shall be

maintained as a depository account. Vouchers shall be drawn by such

officer or employee as prescribed by the metropolitan library

commission.

The officer or employee of the commission designated shall be

bonded in an amount not less than Twenty Thousand Dollars

($20,000.00) the premiums for which shall be payable from the

operating funds of the metropolitan library. The designated officer

or employee shall be governed by the same statutory provisions

relating to depository accounts as apply to county officials

generally. Nothing contained herein shall be construed as exempting

from the application of the general statutes relating to

appropriations the funds contributed by the city and county to the

common fund.

Income of the city-county library system from fines, fees, sales

of personal property, and other miscellaneous sources, excluding

income from sales of real property, shall not be considered general

revenue of either the city or the county. It shall be deposited

promptly directly to the depository account of the metropolitan

library. Income from this source shall constitute a revolving fund

which shall not be subject to fiscal limitations and which may be

expended by the commission.

In the event funds are made available for library purposes in

the county, pursuant to the provisions of Article X, Section 10A of

the Oklahoma Constitution, all or any part of the cost of

establishing, maintaining and operating the city-county library

system as set forth in the powers granted to the commission in the

succeeding section, and otherwise, may be paid with such funds, and

the metropolitan library commission is authorized hereby to

administer the expenditure of such funds.