Finance

Great schools require strong financial investments and sound fiscal management. The finance team works diligently to ensure that each school community has access to the resources they need to help students be successful. We are committed to transparency and accountability and welcome you to explore our page to learn more about financial services at Tulsa Public Schools.

Click here to view the Annual Financial Report For the Fiscal Year Ended June 30, 2024

Financial Information

Fiscal Year Budgets

FY2026

FY2025

FY2024

Annual Financial Reports

how does our budget work?

How The Budget Works

general fund

What is it and what is it used for?

The general fund is what provides us the most flexibility and pays for the majority of our district costs and most of our daily operations of schools, including salaries for our staff.

The bulk of this fund goes to classroom and school services - things like instruction, student support, school administration, student transportation, and more.

The general fund also helps pay for professional learning opportunities, general administration, and maintaining and operating school facilities.

Below are two charts of our General Fund preliminary fiscal year 2020 expenditure budget.

Pie chart of the preliminary fiscal year 2020 expenditure budget.

Pie chart of preliminary fiscal year 2021 expenditures and how dollars are spent.

building fund

What is it and what is it used for?

The building fund pays for maintaining the infrastructure of our facilities. This includes repairing and maintaining all our buildings, purchasing furniture, equipment, and computer software, paying energy and utility costs, insurance, security, and campus police.

Because this money must be used for building expenses, we cannot use this fund to pay for teacher salaries, principal salaries, classroom supplies, or other outside the purpose of this fund.

The primary source for this fund comes from local property taxes.

Child Nutrition Fund

What is it and what is it used for?

Child Nutrition is strictly for paying for the services and resources needed to ensure our students receive meals at schools.

The majority is funded by the federal government through the National School Lunch Program. We aim to provide healthy meals for as many students as possible by participating in other programs, as well, such as the Community Eligibility Program.

You can learn more about our Child Nutrition program here.

Bonds

What are school bonds?

Bonds for school projects are very similar to a home mortgage. To finance construction projects and equipment purchases, the district sells bonds to investors who will be paid back, with interest over time, with funds raised through property taxes.

School bonds begin with a general election to authorize a specific amount for projects specified on the ballot. The school district sells them as municipal bonds, typically twice a year, when funds are needed for building projects or equipment and resources. Bids are taken from interested buyers and are sold at the lowest interest rate offered.

How can school bond money be used?

Proceeds from school bonds can be used for acquiring land, construction projects like classrooms, stadiums and libraries, and remodeling existing school facilities. Funds can also be used for buying buses, equipment, textbooks, computers and networking, musical instruments, science materials, and other teaching resources.

You can find more information on our bond projects here.

Because bond money can only be used for brick and mortar construction, durable goods, and/or technology, teacher and school site salaries or routine expenses cannot be paid from bond funds.

Debt Service

What is it and what is it used for?

If you look back at how bonds work, you'll see that a school district sells bonds to investors who will then be paid back, with interest. Legally, we are required to set aside money to pay for our debt, which is where the debt service fund comes in.

Because this money is specifically set aside to pay back debts, it cannot be used for any other purpose.

You can learn more about our bond projects here.

Staffing Plans

Financial Statements

FY2025 FINANCIAL STATEMENTS

FY2024 FINANCIAL STATEMENTS

FY2023 FINANCIAL STATEMENTS

Additional Information

stop fraud, waste, and abuse of federal funds

If you suspect fraud, waste, or abuse of federal education dollars, please report it here.

Resources for booster clubs and ptas

Sanctioned Organizations: Booster Clubs, PTAs, etc.

COVID-19 Federal Recovery Funds

Learn more here.

Contact us

Dawn Hamilton
Finance Operations Associate
918-746-6245
hamilbe@tulsaschools.org

FINANCE TEAMS

Accounting

Budget

Federal Programs

Grant Development

Payroll

Purchasing

Treasury

Learn more about how the Tulsa Public Schools budget works by clicking the PDF below:

Public Notice

Oklahoma Statutes
Title 70. Schools
§70-5-187. Unencumbered balances – Date for submission of all claims:

All having a claim against the Tulsa Public School District are notified that all invoices and required documentation pertaining to an approved purchase order for services rendered or goods or materials delivered pursuant to that purchase order must be recorded with the encumbrance clerk of the district on or before the 30^th day of September, 2025, covering all debts now unpaid and incurred during the period of the fiscal year beginning on July 1, 2024, and ending on June 30, 2025, or the claim upon which the invoice or purchase order is based shall be void and forever barred.