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Tennessee State Board of Accountancy approves FY27 budget despite projected shortfall
Summary
The Tennessee State Board of Accountancy approved a FY27 budget projecting $1,015,000 in licensing revenue and $1,000,097 in expenditures, counting on reserves to cover a modest operating deficit; board members discussed reserve history and potential fee changes.
The Tennessee State Board of Accountancy on Feb. 3 approved its fiscal year 2027 budget, voting to adopt a plan that projects $1,015,000 in licensing revenue and $1,000,097 in expenditures.
Executive Director Jen presented the four-page FY27 budget and said the revenue projection excludes case-and-complaint income and is based on increased CPA exam volume and a newly available licensure pathway. She…
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