State statutes and departmental procedures recognize that there will be occasions when adjustment of funds between accounts, line items of an appropriation, object codes, or cost centers will be required to maintain maximum efficiency and effectiveness. Revisions fall into two categories. First, external revisions are revisions requiring approval from sources external to the department. External revisions are used to move monies from one fund and account to another. For example, moving general revenue operating funds from one institution to another requires an external transfer.
Most revisions are internal revisions.
That is they are revisions that may be approved within the department. A. External Budget Work Program Revision External revisions are subject to the 62 O.S. Section 41.46. This means transfers into or out of a particular fund and account are limited to certain percentages of the amount originally budgeted in that fund and account. Transfers of up to 25 percent of the originally budgeted amount may be approved by the director of the Office of State Finance subject to a twelve calendar day review period by a joint legislative committee. The Contingency Review Board may approve transfers in excess of 25 percent, but not exceeding 40 percent of the originally budgeted amount.