Purpose-based budget - Definitions.

1. Law
2. Oklahoma Statutes
3. Cities and Towns
4. 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.

Added by Laws 2006, c. 314, § 4, eff. July 1, 2006.

Download our app to see the most-to-date content.