Where does Leander ISD keep its cash?

In short

• Leander ISD held about $729 million in cash and investments on June 30, 2025. That is about $45 million more than a year before (our math).¹²³
• About 83% sat in five pools run for local governments (our math).¹³
• Every investment came due within a year. District policy caps the average at 360 days.¹

Related: reserves and deficit · bond cash waiting · debt fund cash

Numbers marked “our math” are our estimates, not official figures. The notes show the inputs and the steps.

How it works

• Pools let many local governments invest together. The district can take money out of its pools with no notice period and no limit, the report says.¹
• State law and district policy set what it can buy. The list includes U.S. government and Texas bonds, certificates of deposit, money market funds, commercial paper and pools.¹

What the numbers show

June 30, 2025	Amount	Average days to maturity
LOGIC pool	$216,027,819	53
Texas Fit pool	$142,650,555	89
Texas CLASS pool	$101,838,295	37
Texas Range pool	$86,733,155	60
Commercial paper	$80,470,453	1
Lone Star pool	$57,059,626	43
Local government bonds	$16,848,635	23
Federal agency mortgage bonds	$16,616,839	382
Cash in the bank	$10,690,461	—
Cash held for others (fiduciary funds)	$178,187	—
Total	$729,114,025

Source: the district’s 2025 annual financial report, Note 2.¹

• The pools held $604,309,450. A year earlier they held $540,974,394 (79% of the total; our math).¹²³
• The pools were rated AAAm. The report says this rating shows excellent safety.¹
• The whole investment list averaged 59 days to maturity, up from 47 days a year earlier.¹²

The other side

• The report is not fully consistent. It lists 382 days for the federal agency mortgage bonds, but also says all investments mature in less than a year.¹
• District policy does not require spreading money across kinds of investments. The report says so directly.¹
• A big balance is not a surplus. At June 30, 2025, the report counts about $323 million of unspent bond money, after related bills. Building contracts still had about $70 million left to pay.⁴
• The report does not tie those amounts to this cash list. For more on bond and debt money, see bond cash waiting and debt fund cash.

Questions to ask

• How does the district decide how much cash to keep in one pool?
• How much of the district’s cash is bond money waiting to be spent?

What we still don’t know

• How the mix has changed since June 30, 2025.

Changes to this page

• Nov. 2, 2026: Rewrote the questions to ask so each is open, neutral and addressed to the public body.
• Nov. 2, 2026: Added a note that the balance is not a surplus.
• Nov. 2, 2026: New page.

Footnotes

1. Leander ISD, Annual Comprehensive Financial Report (ACFR) for the year ended June 30, 2025, Note 2, “Deposits and Investments,” pp.38-41: cash and deposits $10,690,461; LOGIC $216,027,819 (53 days); Texas CLASS $101,838,295 (37); Texas Range $86,733,155 (60); Texas Fit $142,650,555 (89); Lone Star $57,059,626 (43); total pools $604,309,450; Federal Home Loan Mortgage Corporation $16,616,839 (382); commercial paper $80,470,453 (1); municipal bonds $16,848,635 (23); total investments $718,245,377 (59); fiduciary cash $178,187; total $729,114,025. Policy limits portfolio weighted average maturity to 360 days; “The District’s investments all have maturities less than one year”; pools rated AAAm by Standard and Poor’s; “excellent safety and a superior capacity to maintain principal value”; pools have no notice periods or maximum transaction amounts; policy “does not require the investment portfolio to be diversified.” ↩ ↩² ↩³ ↩⁴ ↩⁵ ↩⁶ ↩⁷ ↩⁸ ↩⁹ ↩¹⁰ ↩¹¹

2. Leander ISD, ACFR for the year ended June 30, 2024, Note 2: total pools $540,974,394; total investments $672,985,537 (47 days); total $684,088,472 at June 30, 2024. ↩ ↩² ↩³

3. Our math. Change: 729,114,025 − 684,088,472 = 45,025,553 (6.6%). Pool share 2025: 604,309,450 ÷ 729,114,025 = 82.9%; 2024: 540,974,394 ÷ 684,088,472 = 79.1%. LOGIC share: 216,027,819 ÷ 729,114,025 = 29.6%. ↩ ↩² ↩³

4. Same ACFR, Note 4, “Capital Assets,” pp.42-43: “Unspent bond proceeds, net of capital related liabilities” $322,971,501; construction commitments, remaining commitment total $70,422,753 at June 30, 2025. ↩