{"data":{"id":"us-ok/okla.-stat.-tit.-19-19-1718","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 19, § 19-1718","heading":"Funds and account groups to be maintained","body":"A district shall maintain, according to its own accounting needs\n\nsome or all of the funds and account groups in its system of\n\naccounts that are consistent with legal and operating requirements\n\nand as prescribed by the State Auditor and Inspector. The required\n\nfunds may include, but not be limited to:\n\n1. A general fund, to account for all monies received and\n\ndisbursed for general district government purposes, including all\n\nassets, liabilities, reserves, fund balances, revenues and\n\nexpenditures which are not accounted for in any other fund or\n\nspecial ledger account;\n\n2. Special revenue funds, as required, to account for the\n\nproceeds of specific revenue sources that are restricted by law to\n\nexpenditures for specified purposes;\n\n3. Debt service fund, which shall include the district sinking\n\nfund, established to account for the retirement of general\n\nobligation bonds or other long-term debt and payment of interest\n\nthereon. Any monies pledged to service general obligation bonds or\n\nother long-term debt must be deposited in the debt service fund;\n\n4. Capital improvement fund, to account for financial resources\n\nsegregated for acquisition, construction or other improvement\n\nrelated to capital facilities other than those financed by general\n\nlong-term debt;\n\n5. A ledger or group of accounts in which to record the details\n\nrelating to the general fixed assets of the county;\n\n6. A ledger or group of accounts in which to record the details\n\nrelating to the general bonds or other long-term debt of the\n\ndistrict; and\n\n7. Such other funds or ledgers as may be established by the\n\ndistrict.","path":["OK Code","Title 19"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os19.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"58401a95421cadffb0dc58ca4617502a9d7c6ba87ab4b40d2b0eaf3073a40b5d","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-19-19-1717","next":"us-ok/okla.-stat.-tit.-19-19-1719"},"notice":"GroundRules: Original legal text. Not legal advice."}