Financial Accounting

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, 1992.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 Financial 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.


National Board Certified Teachers


Oklahoma State Department of Education OMB Uniform Grant Guidance Memorandum




Federal Compliance Reports

The following information can be found on the State Department of Education Transparency Website

  • Indirect Costs (IDC)
  • No Child Left Behind (NCLB)


Impact Aid

See Transparency Website


 Oklahoma School Financial Workshops

Information on 2015 School Financial Workshops





Oklahoma Cost Accounting System (OCAS)

  • Oklahoma Cost Accounting System (OCAS) Manual:


Qualified Zone Academy Bonds (QZAB) 

For more information contact Financial Accounting (OCAS) and Auditing, SDE, (405) 521-2517

Return to Top of Page


Last updated on July 5, 2016