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Board staff reports FY2025 deficit, reserve remains within guidance; self‑sufficiency hearing expected
5968112 · October 21, 2025
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Summary
Staff reported a fiscal 2025 operating deficit of $68,070 and an ending reserve of $1,519,174. The executive director does not recommend a fee increase now and expects the board to attend a self‑sufficiency hearing if deficits continue.
Board staff told the committee on Oct. 20 that for fiscal year 2025 (ending June 30, 2025) the Tennessee State Board of Accountancy recorded an operating deficit of $68,070 and a reserve balance of $1,519,174.
Executive Director Jen said the reserve remains within the usual guidance…
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