District Departments » Finance » Finance

Finance

1501 N. Ash
Owasso, OK 74055
Business Office FAX:  (918) 272-8111
Payroll/Personnel FAX:  (918) 274-1903

Our office is responsible for district-wide budgeting, accounting, payroll, and activity account functions. We provide monthly reports to the Board of Education, various annual reports to the State Department of Education, and periodic reports and statistics to the district administration for internal review and analysis. The finance department is required to comply with all applicable state and federal laws, Board policies, and governmental accounting standards.

Annual financial statements are prepared in conformity with the accounting and reporting regulations prescribed or permitted by the Oklahoma Department of Education, which is a comprehensive basis of accounting other than generally accepted accounting principles. A summary financial statement is posted outside the service center and at the local library.  Accounting data is recorded and maintained in accordance with the Oklahoma Cost Accounting System (OCAS).  

Each year Owasso Public Schools is audited by an independent auditing firm. The audit is performed to determine the accuracy of the district's annual financial statements as well as its compliance with applicable laws, regulations, and internal accounting controls.