{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-3017","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-3017","heading":"Computation of appropriations - Procedure","body":"When the excise board shall have ascertained the total assessed\n\nvaluation of the property taxed ad valorem in the county and in each\n\nmunicipal subdivision thereof, and shall have computed the total of\n\nthe several items of appropriation for general fund, sinking fund,\n\nand other legal purposes for the county and each municipal\n\nsubdivision thereof, said board shall then proceed to compute the\n\nlevy for each fund of each municipality. The procedure for the\n\ncomputation of such levies shall be as follows:\n\nFirst: Determine the total amount of the several items of\n\nappropriation for each fund.\n\nSecond: Deduct from such total appropriation the actual cash\n\nfund balance of the immediately preceding fiscal year.\n\nThird: Deduct from the remainder thus ascertained the estimated\n\nprobable income from sources other than ad valorem taxation;\n\nhowever, in no event shall the amount of such estimated income\n\nexceed ninety percent (90%) of the actual collections from such\n\nsources for the previous fiscal year. Provided, that the amount of\n\nsuch estimated income for a school district may be the amount that\n\nis chargeable as minimum program income of the district for the\n\npurpose of receiving state equalization aid. Also, deduct the\n\nestimated probable revenue to be derived from additional collection\n\nfrom taxes in the process of collection of the immediately preceding\n\ntaxable year; provided that the amount so estimated shall be cash\n\nfund balance as hereinafter defined, and shall include none of that\n\nportion of the reserve added at the beginning of such year for\n\ndelinquent tax, and shall not exceed ninety percent (90%) of the\n\nactual collections of additional back taxes legally accrued to and\n\ncredited to the same fund account of the immediately preceding\n\nfiscal year.\n\nFourth: Add to the remainder a reserve for delinquent taxes,\n\nthe amount of which reserve shall be determined by the excise board,\n\nexcept for any municipality which has opted by resolution to come\n\nunder the provisions of Section 17-201 et seq. of Title 11 of the\n\nOklahoma Statutes, in which case the governing body of such\n\nmunicipality shall determine the needs of the municipality for\n\nsinking fund purposes, after taking into consideration the amount of\n\nuncollected taxes for the previous year or years; provided that the\n\nreserve so added shall not exceed twenty percent (20%) or be less\n\nthan five percent (5%); and provided, further, that the reserve so\n\nadded shall not be subject to review.\n\nFifth: Compute the levy necessary to raise an amount of money\n\nequal to the remainder thus ascertained, based upon the total\n\nassessed valuation of the county or subdivision thereof, taking into\n\nconsideration any deduction which must be made because of the\n\nexemption of homesteads as required by Section 2406 et seq. of this\n\nCode.\n\nSixth: Compute the reduction in levy necessary to be made\n\nbecause of monies being required by law to be used for the purpose\n\nof reducing ad valorem tax levies.\n\nThe rates of levy for general fund, sinking fund, and other\n\npurposes authorized by law shall be separately made and stated, and\n\nthe revenue accruing therefrom respectively, when collected, shall\n\nbe credited to the proper fund accounts.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"a6794df1fa505e2e05a513e31492479adc0b16df3fbd5e8a602a8a9329d2d068","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-3016","next":"us-ok/okla.-stat.-tit.-68-68-3018"},"notice":"GroundRules: Original legal text. Not legal advice."}