Okla. Stat. tit. 11 § 17-217

Current through Laws 2024, c. 453.

Section 17-217 - Purpose-based budget - Definitions

As used for a budget based on purpose:

1. "Appropriation" means an authorization to expend or encumber income and revenue provided for a purpose;

2. "Budget summary" means a tabular listing of revenues by source and expenditures by purpose for the budget year;

3. "Estimated revenue" means the amount of revenues estimated to be received during the budget year;

4. "Income and revenue provided" means the amount of estimated or actual income and revenue appropriated by the governing body of the municipality; and

5. "Purpose" means the specific program, project or activity for which the governing body provides an appropriation as listed in the budget.

Okla. Stat. tit. 11, § 17-217

Added by Laws 2006 , HB 2796, c. 314, § 4, emerg. eff. 7/1/2006.