Submission of January to Agency The Executive Executive Governor/OMES Executive Budget February Submissions, budget and Budget, to Legislature Revenue associated Historical Estimate, Historical Budget Agency Hearings budget are developed using Microsoft Office. Agencies February to Agency No standard Guidance to Agencies/OMES Resubmit Agency March tool. Agencies OMES Revenue submit via Estimates emails, etc. Equalization February to Economic data The equalization Revised Oklahoma Tax Board Revised March receives approved Commission, Estimate input from OSU for Legislative OMES, economists and Appropriations Equalization develops & Governor’s Board estimates Action internally using Forecast Pro, Excel and other tools. Legislative February to Legislative Microsoft Office Appropriations Legislature Reviews and May Authority, is used to Bills Appropriation Statutes, manage Recommendations Equalization appropriation (Including Veto Board Guidance bills, language, Override) etc. Governor’s Action February to Governor’s Microsoft Office Signed Governor/OMES on Appropriation May Authority, is used to Appropriations Bills (Including Statutes, manage Bills Veto) Equalization appropriation Board Guidance bills, language, etc. Equalization June July Statute The equalization Certification of Equalization – Board Meeting Changes, board certifies Balanced Board – Revenue & Legislative and law changes that Budget Expenditure OMES analysis affect revenue. Authority Adjusted to Incorporate Statute Changes By Line Developed May July Signed OMES develops Guidance an OMES – Appropriation by line on Reconciliation Bills appropriations for Agency using Excel Budget Work Programs
Submission of Executive Budget to Legislature January to February Agency Submissions, Revenue Estimate, Agency Hearings The Executive budget and associated Historical budget are developed using Microsoft Office. Executive Budget, Historical Budget Governor/OMES Agencies Resubmit Agency Revenue Estimates February to March Agency No standard tool. Agencies submit via emails, etc. Guidance to OMES Agencies/OMES Equalization Board Revised Estimate February to March Economic data The equalization receives input from OSU economists and develops estimates internally using Forecast Pro, Excel and other tools. Revised approved for Legislative Appropriations & Governor’s Action Oklahoma Tax Commission, OMES, Equalization Board Legislative Reviews and Appropriation Recommendations (Including Veto Override) February to May Legislative Authority, Statutes, Equalization Board Guidance Microsoft Office is used to manage appropriation bills, language, etc. Appropriations Bills Legislature Governor’s Action on Appropriation Bills (Including Veto) February to May Governor’s Authority, Statutes, Equalization Board Guidance Microsoft Office is used to manage appropriation bills, language, etc. Signed Appropriations Bills Governor/OMES Equalization Board Meeting – Revenue & Expenditure Authority Adjusted to Incorporate Statute Changes June – July Statute Changes, Legislative and OMES analysis The equalization board certifies law changes that affect revenue. Certification of Balanced Budget Equalization Board By Line Developed May – July Signed Appropriation Bills OMES develops by line on appropriations using Excel Guidance an Reconciliation for Agency Budget Work Programs OMES
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