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. 

Risk Assessment

Beginning in December 2020, the Oklahoma State Department of Education, Financial Accounting/ OCAS/ Auditing office will implement a new risk assessment tool as an integral part of the OCAS review of revenues and expenditures.   This new risk assessment tool will provide us the knowledge and understanding of your district that will result in a more effective monitoring and review of your OCAS data. The tool will cover many areas of the FY21 OCAS data review and FY20 audit.  

 National Board Certified Teachers

Oklahoma State Department of Education OMB Uniform Grant Guidance Memorandum


Audits for the FY23 school year should be emailed to or to your Financial Specialist listed below.

If your district had federal expenditures totaling more than $750,000 during a fiscal year,

  • You are required to submit a single (program-specific) audit to the State Department of Education no later than March 31, 2024
  • Any district not meeting the March 31 deadline in accordance with Uniform Administrative Requirement 2 C.F.R Part 200.338 will have all federal award payments withheld until the audit is received.   

 If your district had federal expenditures totaling less than $750,000 during a fiscal year,

  • You are required to submit a financial and compliance audit to the State Department of Education no later than April 30, 2024.  
  • Any district not meeting the April 30 deadline in accordance with 70 O. S. § 22-112 will have its State Aid payments withheld until the audit is received. 

Federal Compliance Reports

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

Federal Program Claims Procedures

Impact Aid

See Transparency Website

Oklahoma Cost Accounting System (OCAS)

  • Oklahoma Cost Accounting System (OCAS) Manual:



Oklahoma School Financial Workshops


Forms and Information

Financial Accounting/OCAS/Auditing Team Members


                                                                                                 Email                                                                                 Phone

  • Katherine Black, Executive Director                                                                   405-522-0275                                            

  • Financial Specialist                          Counties                                               Email                                                         Phone

  • Elaine Schein                                      1-17                                                          405/521-3197

  • Pam Honeysuckle                          18-32, Plus Charter Schools                     405/522-3273

  • Krystalen Ibanez                                33-48                                                    405/522-3272

  • Paula Koch                                      49-62, Plus 64                                                 405/521-2517

  • Kelly Freeman                                63-77, Minus 64                                            405/521-2349


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Last updated on December 19, 2023