Okla. Stat. tit. 19, § 19-1404

As used in this act:

1. "Account" means a columnar record in which are entered the

increases and decreases of related monetary transactions and the

resulting balance thereof. Accounts are maintained within each

fund, classified by categories appropriate thereto;

2. "Appropriation" means an authorization and allocation of

money to be expended for a given function, activity or particular

purpose;

3. "Board" means the county budget board created by this act;

4. "Budget" means a plan of financial operations for a fiscal

year, including an estimate of proposed expenditures for given

purposes and the proposed means for financing them. "Budget" may

refer to the budget of a particular fund for which a budget is

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required by law or it may refer collectively to the budget for such

funds;

5. "Budget summary" means a tabular listing of revenues by

source and expenditures by fund and by department within each fund

for the budget year;

6. "Budget year" means the fiscal year for which a budget is

prepared or being prepared;

7. "County" means any county government and all its agencies,

instrumentalities, departments, offices, boards or commissions,

which by resolution of the governing body has elected to come under

and comply with all of the provisions and requirements of this act;

8. "County officer" means the county clerk, county

commissioner, county assessor, district court clerk, county

treasurer or county sheriff;

9. "Current year" means the year in which the budget is

prepared and adopted, i.e., the fiscal year next preceding the

budget year;

10. "Deficit" means the excess of the liabilities, reserves,

including encumbrances, and contributions of a fund over its assets,

as reflected by its book of account;

11. "Department" means a functional unit within a fund, such as

a sheriff's department or a health department;

12. "Estimated revenue" means the amount of revenues estimated

to be received during the budget year from each source in each fund

for which a budget is being prepared. Estimated revenue includes

any appropriated fund balance as a separate item in the budget of

revenues for a particular fund for the budget year;

13. "Fiscal year" means the annual period for reporting fiscal

operations, which begins and ends on dates as the Legislature

provides;

14. "Fund" means an independent fiscal and accounting entity

with a self-balancing set of accounts to record cash and other

financial resources, together with all liabilities, which are

segregated for the purpose of carrying on specific activities or

attaining certain objectives, or as otherwise defined in current

generally accepted accounting principles;

15. "Fund balance" means the excess of the assets of a fund

over its liabilities, reserves, including encumbrances, and

contributions, as reflected by its book of account;

16. "Governing body" means the board of county commissioners of

the county;

17. "Immediate prior fiscal year" means the year next preceding

the current year;

18. "Levy" means to impose ad valorem taxes or the total amount

of ad valorem taxes imposed for a specific purpose or for a given

entity; and

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19. "Operating reserve" means that portion of the fund balance

which has not been appropriated in a budget year. The "operating

reserve" will be equivalent to the "unappropriated fund balance" in

any fund for which a budget is prepared.