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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)
  • Every Student Succeeds Act (ESSA)

Federal Program Claims Procedures

Impact Aid

See Transparency Website

Oklahoma Cost Accounting System (OCAS)

  • Oklahoma Cost Accounting System (OCAS) Manual:

Oklahoma School Financial Workshops



Qualified Zone Academy Bonds (QZAB) 

Forms and Information

Financial Accounting/OCAS/Auditing Team Members

  • Paula Koch, Financial Specialist-OCAS and Auditing (Counties 11-36)               Phone:  (405) 521-3197
  • Kelly Freeman, Financial Specialist-OCAS and Auditing (Counties 37-57)             Phone (405) 521-2349

  • Pam Honeysuckle, Financial Specialist-OCAS and Auditing (Counties 01-10, 55, 72, ILC, and Charter Schools)

  • Iona Martin, Financial Specialist-OCAS and Auditing (Counties 11-36)                   Phone:  (405) 522-3272

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

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Last updated on May 22, 2020