Annual Financial and Compliance Report - Leakey Independent School District
The Annual Financial and Compliance Report (AFR) is the annual financial statement for Leakey Independent School District. It is prepared to provide the Board of Trustees, taxpayers, bondholders, regulatory agencies, and District staff members with useful information about the District’s operations and financial position. The District’s financial statements are audited annually and the independent auditor’s report is included in the AFR.
Click here to view the AFR for the year ending June 30, 2015.
Click here to view the AFR for the year ending June 30, 2016.
Click here to view the AFR for the year ending June 30, 2017.
Click here to view the AFR for the year ending June 30, 2018.
Click here to view the AFR for the year ending June 30, 2019.
Click here to view the AFR for the year ending June 30, 2020.
Click here to view the AFR for the year ending June 30, 2021.
Click here to view the AFR for the year ending June 30, 2022.
Click here to view the AFR for the year ending June 30, 2023.
Check Register
LISD posts its check register to the district website as well as in the monthly public school board meeting packets to increase the transparency of its expenditure of public funds. This register includes all checks, other than employee paychecks, issued by the District.
Click here to view the check register for the fiscal year ended June 30, 2021.
Click here to view the check register for the fiscal year ended June 30, 2022.
Click here to view the check register for the fiscal year ended June 30, 2023.
Click here to view the YTD check register for the current fiscal year.
Financial Integrity Rating System of Texas (Schools FIRST)
The Schools FIRST rating system was implemented in 1999 by the Texas Education Agency. The primary goal of Schools FIRST is to achieve quality performance in the management of school districts’ financial resources, a goal made more significant due to the complexity of accounting associated with Texas’ school finance system. Click here to view Leakey's most recently released FIRST report published by the Texas Education Agency. Click here to view the current Superintendent's contract as required under FIRST reporting.
Property Taxes
The total tax levy for the Leakey Independent School District is comprised of two different rates:
The Maintenance & Operations (M&O) tax which is used to fund the daily operations of the District.
The Interest & Sinking (I&S), or Debt Service, tax which is used to fund the principal and interest payments on the District’s outstanding voter-approved bonds.
The tax rates set for a school district represent the taxes levied per $100 of taxable property value, as determined by the Real and Uvalde County Appraisal Districts. Assessment and collection of the property tax is administered by the Real County Appraisal District. Taxable property value is the assessed value of the property less all qualifying exemptions. In addition, the taxes of a homestead of a person 65 years of age or older (or the surviving spouse 55 years or older) may not be increased above the amount paid in the first year the person turned 65, regardless of changes in tax rate or taxable value.
Click here for additional information relating to school property tax.
M&O $0.6692/100 (down from 0.8869)
I & S $0.160/100
Total $0.8292/100
M&O $0.88690/100 (down from 0.9298)
I & S $0.160/100
Total $1.0469/100
M&O $0.9298/100 (down from 0.9664)
I & S $0.160/100
Total $1.0898/100
Adopted Budget
The Texas Education Code (TEC), Chapter 44, governs the process for Texas school district budget preparation and adoption. The Board of Trustees must adopt annually a budget for the General, Debt Service, and School Nutrition Services funds. To comply with the TEC, districts must produce and publish certain reports related to the proposed and adopted budget each year. Click here to view the current year adopted budget for LISD.
Texas Comptroller’s Annual Local Debt Report