The State Board of Education
Policies and Procedures for Implementation of the Oklahoma Cost
Accounting System (OCAS) and School Finance was presented to the
Oklahoma State Board of Education during a regular meeting on March 19,
These policies and procedures have
been prepared to assist in the implementation for financial transactions
utilizing the coding structure of the Oklahoma Cost Accounting System.
The goal of the Finance Services Division of the State Department of
Education is to have consistency in coding and accurate implementation
of school laws and State Board regulations relating to school finance.
The rules describe the basis of
funding of public schools; the duties and procedures for the financial
operation of districts; and the responsibilities of the State Department
of Education and individual districts in regard to securing, dispensing,
reporting and accounting for school funds.
Boards of education,
superintendents, business managers, encumbrance clerks, treasurers,
independent auditors, and others who have the responsibility for
preparation of school district budgets and the administration of school
district funds must become familiar with these policies and procedures.
Please click below to go to
the Oklahoma Department of Education website and review either Statewide
or District Reports.