Okla. Stat. tit. 19, § 19-901.37

revenues - Determination of needs.

A. At least thirty (30) days prior to the beginning of each

fiscal year, a budget for each fund of the district for which a

budget is required shall be completed by the board. Each budget

shall provide a complete financial plan for the budget year. The

budget format shall be as prescribed by the State Auditor and

Inspector. The format shall contain at least the following in

tabular form for each fund, itemized by department and account

within each fund:

1. Actual revenues and expenditures for the immediate prior

fiscal year;

2. Estimated actual revenues and expenditures for the current

fiscal year; and

3. Estimated revenues and expenditures for the budget year.

B. The budget for each fund shall contain a budget summary. It

shall also be accompanied by a budget message from the board which

shall explain the budget and describe its important features.

Oklahoma Statutes - Title 19. Counties and County Officers Page 444

C. The estimate of revenues in each fund for any budget year

shall include probable income by source which the district is

legally empowered to collect or receive at the time the budgets are

adopted. The estimate shall be based upon a review and analysis of

past and anticipated revenues of the district. Any portion of the

budget of revenues to be derived from special assessments shall not

exceed the estimated amount of the assessment which is available for

appropriation, as finally determined by the board, or which can or

must be raised as required by law. The budget of expenditures for

each fund shall not exceed the estimated revenues for each fund. No

more than ten percent (10%) of the total budget for any fund may be

budgeted for miscellaneous purposes.

D. The board shall determine the needs of the district for

sinking fund purposes, and include these requirements in the debt

service fund budget for the budget year.