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bette r s chools | W I NT ER 2 0 2 1
FY21 BUDGET
TOTAL STATE REVENUE AS IT AFFECTS LOCAL SCHOOL DISTRICT BUDGETS By Vernon Florence, CCOSA Consultant
Developing a revenue budget for the local school district depends, to a great extent, on the state revenue collections. According to the State Department of Education (SDE) OCAS report for FY 20, approximately 61 percent of the current year’s revenue is from State sources.
The Total State Revenue represents all the daily revenue collections received by the Oklahoma State Tax Commission. Approximately 78-80 sources of revenue are included in the $12B to $13B of State Revenue annual collections. These revenue collections are appropriated, through the legislative process, to the various state agencies. (Some agencies receive a direct appropriation without legislative approval.) The five funds that provide revenue for the SDE to distribute to the various school districts include General Revenue Fund, HB 1017 Fund, Common Ed Tech Fund, Educational Lottery Fund, and the Mineral Leasing Fund.
