Finance Committee

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SF 200 Purchasing

  1. The Metropolitan Library Act (62 O.S. 1971, Section 551 et seq.) empowers the Metropolitan Library Commission to administer the expenditure of funds derived from the library tax levy and from fines, fees, sales of personal property and other miscellaneous income.  The purpose of these policies is to ensure that purchases are made in a transparent and competitive manner that is in the best interest of the Library and the taxpayers.

SF 100 Annual Budget

  1. Per the Metropolitan Library Act (65 O.S § 557 Annual Budget and Audit - Contributions - Allocation of Income), the Metropolitan Library Commission must establish a budget Prior to the beginning of the fiscal year.
  2. The Library’s fiscal year is defined as July 1 – June 30.
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