The Board of Mayor and Aldermen, which consists of a mayor and 4 aldermen, serves as the governing body. The mayor is elected at-large and 2 aldermen are elected from each of 2 wards for a 4-year term. Beginning in 2014, elected officials may serve no more than 3 terms total and no more than 2 terms in either office (mayor or alderman).
Ward I consists of residents on the North side of Kingston Pike while Ward II consists of residents on the South side of Kingston Pike. The Board of Mayor and Aldermen elects an alderman to the office of the Vice Mayor. The Vice Mayor serves as Mayor when the Mayor is absent, or there is a vacancy in the office of the Mayor, until the next regular municipal election.
To be eligible to hold the office of Mayor, a person must reside within the Town of Farragut for at least 1 year preceding the election. To be eligible for the office of alderman, a person must reside within the desired ward for at least 1 year preceding the election.