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Annual audit (ACFR)

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The annual audit, or ACFR, is an outside accountant’s check of the district’s books each year.

In Leander. The 2025 audit lists $3.0 billion in scheduled loan payments as of June 30, 2025.1

Everyday comparison. It is like a yearly checkup by a doctor you don’t work for.

Related terms: credit rating, first rating. Read more: debt.

Footnotes

  1. Leander ISD, Annual Comprehensive Financial Report 2025, debt schedule, page 46. Local copy. ↩

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