Total revenue by county to the General Fund by Tb406M3

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              ABSTRACT OF
        COUNTY GOVERNMENT
GENERAL, HIGHWAY, AND SPECIAL REVENUE
                   FUNDS
              IN OKLAHOMA
           Fiscal Year 2001-2002




                  Assembled by
             Notie H. Lansford, Jr.
       Professor and Extension Economist
                                                   Preface

The last edition of the “The 1999 Edition, Abstract of the General Fund for Counties in Oklahoma”
was published in 2000 and contained county financial information for the 1998-1999 fiscal year.
Since that time, a significant effort has been made to remake the publication to provide a more
complete picture of county government finances. This publication is the culmination of those efforts.
Following is a brief explanation of each of the six tables:
Table 1. Total revenue by county to the General Fund, the Highway Fund(s), and the Special
        Revenue (Cash) Funds. This table reflect fiscal year receipts and does not reflect any cash
        fund balance carried forward from the prior year.
Table 2. Total expenditures by county from the General, Highway, and Special Revenue Funds for
        the fiscal year. Note that total expenditure is defined as total warrants issued plus total
        reserves as of the last day of the fiscal year.
Table 3. Fund balances by county at the end of the fiscal year are the unexpended and unencumbered
        monies that are carried forward into the next fiscal year.
Table 4. Selected revenue streams feature the primary sources of revenue to General, Highway, and
        some Special Revenue Funds. All Ad Valorem revenue goes into the General Fund.
        Counties have the option of placing Sales Tax revenue in the General Fund or Special
        Revenue Funds or both. Fuel Taxes comprise the majority of revenue to the county Highway
        Fund. Motor Vehicle Fees (taxes) are a source of revenue for both the General and the
        Highway Fund. The vast majority is allocated (by State statute) to the Highway Fund.
Table 5. The assessed valuations of each county in 2001 form the basis for the ad valorem tax
        collected in fiscal year 2001-2002, designated FY 2002. By statute taxable property is
        classified as either Real Property (land and buildings), Personal Property (such as furniture,
        fixtures, inventory, and household goods), and Public Service Property (centrally assessed
        utility and transportation companies).
Table 6. County by county summary of revenues and expenditures by fund with additional detail for
        the General Fund. Expenditures by General Fund account are provided.
Note that for fiscal year 2002, many counties had greater expenditures than revenues. This is possible
because each fund usually starts the year with a significant fund balance carried forward from the
previous year.

                                         Source of Information

“County 2002-2003 Estimate of Needs and Financial Statement of the Fiscal Year 2001-2002”*


                                           Acknowledgements

Several members of the Agricultural Economics Department contributed to this publication. Data
collection and entry were performed by Don Sporleder, Michelle Easterwood, and Dondee Payne.
Max Bessonov provided database and report format computer services. Nancy Grantham of the State
Auditor and Inspector’s office provided copies of the county financial statements.

Primary funding for the publication was provided by the Oklahoma Cooperative Extension Service.
Secondary funding was provided by the Commission on County Government Personnel Education
and Training and by the Association of County Commissioners of Oklahoma.


*
 Although efforts were made to assure accurate and correct data, no guarantee is made that all information
presented herein is 100% accurate and correct.


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                  Additional Sources of County Government Information


Notie Lansford                                       (405) 744-6555
http://www.rd.okstate.edu/                           nlansfo@okstate.edu


Don Sporleder                                        (405) 744-6555
                                                     sporled@okstate.edu


Center for Local Government Technology               (405) 744-6049
http://clgt.okstate.edu/


State Auditor and Inspector                          (405) 521-3495
Management Services Division                         ghodges@sai.state.ok.us
http://csd.sai.state.ok.us/jump/Management_Services.htm


Association of County Commissioners of Oklahoma      (405) 524-3200
http://okacco.com




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                                                         Table of Contents

Preface........................................................................................................................................ i

Source of Information ................................................................................................................ i

Acknowledgements .................................................................................................................... i

Additional Sources of County Government Information.......................................................... ii

Table of Contents ..................................................................................................................... iii

Table 1. Total Revenue by Fund, Selected Funds, FY 2002 .....................................................1

Table 2. Total Expenditures by Fund, Selected Funds, FY 2002 ..............................................3

Table 3. Fund Balances at the End of FY 2002 .........................................................................5

Table 4. Selected Revenue Streams, Selected Funds, FY 2002.................................................7

Table 5. 2001 Assessed Valuations by County (for FY 2002) ..................................................9

Table 6. Revenues and Expenditures by County by Fund, FY 2001–2002 .............................11




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