Oklahoma § 19-901.32 - Purpose of act

§ 19-901.32. Purpose of act

The purpose of this act is to provide a budget procedure for

fire protection districts which shall:

1. Establish uniform and sound fiscal procedures for the

preparation, adoption, execution and control of budgets;

2. Enable districts to make financial plans for both current

and capital expenditures and to ensure that their directors

administer their respective functions in accordance with adopted

budgets;

3. Make available to the public and investors sufficient

information regarding the financial conditions, requirements and

expectations of the district; and

4. Assist districts in improving and implementing generally

accepted accounting principles as applied to governmental

accounting, auditing and financial reporting and standards of

governmental finance management.

Added by Laws 1987, c. 202, § 2, eff. June 1, 1987.