The Section of Local Finance provides Local Education Agencies (LEAs) assistance in areas of governmental accounting, budgeting and financial reporting. The Section also ensures LEA compliance with state statutes and Tennessee State Board of Education Rules, Regulations, and Minimum Standards as they relate to education finance.

This section maintains the Basic Education Program (BEP) funding formula. This formula is used to calculate K-12 funds for public schools in Tennessee. Once funding has been calculated, staff distributes funding information to Local Education Agencies (LEAs).

Staff provide periodic workshops on the funding formula to LEAs and provides funding updates at the Spring Fiscal Workshops held by the Office of Local Finance.

Questions regarding ConnecTEN, Salary Equity, and BEP growth funding should be directed to this section.