Governmental Debt Service / Financing (400-499)

400 Debt Service — General

Debt service fundsSince 2026.03

Cities FTR

37:DEBT_SERVICE

The fund category decides the form and column. See how the FTR is built.

What it is: Money set aside to pay principal and interest on governmental long-term debt.
Accounting standard: Debt service funds account for resources restricted, committed, or assigned for the payment of principal and interest on long-term debt.
Accounting note: Maintain debt schedules, trustee statements, and reconciliation to long-term liabilities in accrual statements. Local subfund expansion is permitted (recommended as a 4th digit) to create program/project detail while maintaining the 3-digit base fund rollup.
Reporting note: Supports FTR debt service lines and consistent separation from operating funds. Local expansion rule: Optional local expansion: append 4th digit (###D). Universal parent is first 3 digits.
Examples: Pension obligation bond payments; certificates of participation for a civic center.
Do not use for: Utility debt (the utility's debt subfund, such as 514).

Local expansion

Optional local expansion: append 4th digit (###D). Universal parent is first 3 digits.