{"data":{"id":"us-ok/okla.-stat.-tit.-11-11-17-206","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 11, § 11-17-206","heading":"Requirements and contents of budget","body":"A. The municipal budget shall present a complete financial plan\n\nfor the municipality and shall present information necessary and\n\nproper to disclose the financial position and condition of the\n\nmunicipality and the revenues and expenditures thereof, both past\n\nand anticipated.\n\nB. Unless the budget is prepared in accordance with Sections 4\n\nand 5 of this act, the budget shall be prepared by fund and\n\ndepartment and shall contain the following contents:\n\n1. The budget shall contain a budget summary;\n\n2. It shall also be accompanied by a budget message which shall\n\nexplain the budget and describe its important features;\n\n3. The budget format shall be as provided by the governing body\n\nin consultation with the chief executive officer; and\n\n4. It shall contain at least the following in tabular form for\n\neach fund, itemized by department and account within each fund:\n\na. actual revenues and expenditures for the immediate\n\nprior fiscal year,\n\nb. revenues and expenditures for the current fiscal year\n\nas shown by the budget for the current year as adopted\n\nor amended, and\n\nc. estimates of revenues and expenditures for the budget\n\nyear.\n\nC. The estimate of revenues for any budget year shall include\n\nprobable income by source which the municipality is legally empowered\n\nto collect or receive at the time the budget is adopted. The\n\nestimate shall be based on a review and analysis of past and\n\nanticipated revenues of the municipality. Any portion of the budget\n\nof revenues to be derived from ad valorem property taxation shall not\n\nexceed the amount of tax which is available for appropriation, as\n\nfinally determined by the county excise board, or which can or must\n\nbe raised as required by law. The budget of expenditures for each\n\nfund shall not exceed the estimated revenues for each fund. No more\n\nthan ten percent (10%) of the total budget for any fund may be\n\nbudgeted for miscellaneous purposes. Included in the budget of\n\nrevenues or expenditures for any fund may be amounts transferred from\n\nor to another fund. Any such interfund transfer must be shown as a\n\ndisbursement from the one fund and as a receipt to the other fund.\n\nD. Encumbrances for funds whose sole purpose is to account for\n\ngrants and capital projects and/or any unexpended appropriation\n\nbalances may be considered nonfiscal and excluded from the budget by\n\nthe governing body, but shall be reappropriated to the same funds,\n\naccounts and for the same purposes for the successive fiscal year,\n\nunless the grant, project or purpose is designated or declared closed\n\nor completed by the governing body.","path":["OK Code","Title 11"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os11.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"57a4a13a3e44d426d045408ba07d1933e46960ce369292aa3a1db6dfaaed96b5","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-11-11-17-205","next":"us-ok/okla.-stat.-tit.-11-11-17-207"},"notice":"GroundRules: Original legal text. Not legal advice."}