Uttarakhand has been performing very well with respect to the educational outcomes. Its educational parameters have been better than the national averages since the inception of the state. However, in order to improve further, the state needs to frame strategic investment policies which requires a comprehensive knowledge of the financing system of education in the state. It is in this context NCAER undertook this study to prepare the state’s first Education Satellite Account (ESA) assumes great significance. Based on the methodology delineated by the United Nations Educational, Scientific and Cultural Organization (UNESCO), this study adopts the internationally framework of ESA tables and accounts.