Okla. Stat. tit. 70, § 70-5-157: Expenditures in excess of appropriation - Deficits and

surpluses - Violations of law.

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

employee of a school district 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 pursuant to law.

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

school district 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 one hundred percent (100%) of the appropriation for any

fund of the budget as adopted or amended until revenues in an amount

equal to at least one hundred percent (100%) 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

officer or employee in violation of this act shall become the

obligation of the officer or employee himself and shall not be valid

or enforceable against the school district. Any officer or employee

who violates this act shall forfeit his office or 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.