Okla. Stat. tit. 19, § 19-901.34

As used in this act:

1. "Account" means an entity for recording specific revenues or

expenditures or for grouping related or similar classes of revenues

and expenditures and recording them within a fund or department;

2. "Appropriation" means an authorization and allocation of

money to be expanded for a purpose;

3. "Board" means the board of directors of a fire protection

district;

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;

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

source and expenditure, by fund and by department within each fund

for a budget year;

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

prepared or being prepared;

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

prepared and adopted, or the fiscal year immediately preceding the

budget year;

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

contributions and encumbrances of a fund over its assets as

reflected by its book of account;

9. "Department" means a functional unit within a fund which

carries on a specific activity;

10. "District" means a fire protection district;

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

to be received during the budget year in each fund for which a

budget is prepared. Revenue includes any appropriated fund balance

in the budget of revenues for a fund for the budget year;

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

operations which begins and ends on dates as the Legislature

provides;

13. "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;

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

over its liabilities, reserves, contributions and encumbrances, as

reflected by its books of accounts;

Oklahoma Statutes - Title 19. Counties and County Officers Page 443

15. "Immediate prior fiscal year" means the fiscal year

preceding the current year;

16. "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.