What does Leander ISD own?

In short

• The district’s assets were on its books at about $1.52 billion on June 30, 2025, after wear.¹
• That is up about $160 million in a year (our math).¹²
• Buildings are the biggest part. They cost about $1.56 billion, and about 28% of that has been written off as wear (our math).¹²

Related: debt · bond cash waiting · district cash and investments

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

How it works

• Book value is cost, less wear. The district records assets at what they cost. Each year it takes off a share for wear, called depreciation.³¹
• Buildings are written off over 50 years. Building improvements take 20 years, vehicles 5 to 15, and furniture and equipment 5.³

What the numbers show

June 30, 2025	Cost	Wear so far	After wear
Buildings and improvements	$1,563,337,038	$432,581,993	$1,130,755,045
Land	$240,660,154	—	$240,660,154
Furniture and equipment	$96,260,603	$45,711,880	$50,548,723
Still being built	$71,345,799	—	$71,345,799
Vehicles	$48,174,315	$19,461,476	$28,712,839
Other (leases, software subscriptions)	$6,691,844	$4,182,668	$2,509,176
Total			$1,524,531,736

Source: the district’s 2025 annual financial report, Note 4. “After wear” and “Other” lines are our math.¹²

• Wear in 2024-25 was about $48.1 million. About $28.4 million was charged to instruction.¹
• Furniture and equipment rose about $31 million in a year (our math).¹²
• Building contracts still had about $70 million left to pay.¹

The other side

• Assets are not cash. The district cannot spend its schools. They wear out over set useful lives, so they will need replacing.³
• Debt is tied to these assets. The report counts about $1.54 billion of bonds against them. After that and other items, its net investment in capital assets was about $140 million. See debt.¹
• Book value is not market value. The report uses cost, not what the buildings would sell for.³

Questions to ask

• How does the district plan for replacing aging buildings?

What we still don’t know

• The condition of each school. The annual report does not rate it.

Changes to this page

• Nov. 2, 2026: New page.

Footnotes

1. Same ACFR, Note 4, “Capital Assets,” pp.42-43: balances June 30, 2025 (cost; accumulated depreciation): land $240,660,154; construction in progress $71,345,799; buildings and improvements $1,563,337,038 ($432,581,993); vehicles $48,174,315 ($19,461,476); furniture and equipment $96,260,603 ($45,711,880), beginning $65,200,352; lease equipment $3,526,301 ($2,561,133); subscription assets $3,165,543 ($1,621,535). Governmental capital assets $1,364,280,797 at July 1, 2024 and $1,524,531,736 at June 30, 2025. Depreciation/amortization $48,077,790, instruction $28,423,184. Net investment calculation: bonds payable $(1,538,739,161); total net investment in capital assets $140,492,504. Construction commitments remaining $70,422,753. ↩ ↩² ↩³ ↩⁴ ↩⁵ ↩⁶ ↩⁷ ↩⁸ ↩⁹

2. Our math. Change: 1,524,531,736 − 1,364,280,797 = 160,250,939. Buildings wear share: 432,581,993 ÷ 1,563,337,038 = 27.7%. After wear: buildings 1,563,337,038 − 432,581,993 = 1,130,755,045; furniture 96,260,603 − 45,711,880 = 50,548,723; vehicles 48,174,315 − 19,461,476 = 28,712,839. Other: 3,526,301 + 3,165,543 = 6,691,844 cost; 2,561,133 + 1,621,535 = 4,182,668 wear; 2,509,176 after. Furniture rise: 96,260,603 − 65,200,352 = 31,060,251. ↩ ↩² ↩³ ↩⁴

3. Leander ISD, Annual Comprehensive Financial Report (ACFR) for the year ended June 30, 2025, Note 1.G, “Capital Assets,” pp.31-32: assets “recorded at historical cost or estimated historical cost”; straight-line useful lives: buildings 50 years, building improvements 20, vehicles 5-15, furniture and equipment 5. ↩ ↩² ↩³ ↩⁴