Assets · Current Assets
1080 Cash / Asset Suspense – Unidentified Receipts
Since 2026.03
- What it is
- Temporary asset account for receipts or balances pending identification.
- Accounting standard
- Recognized as an asset only when control exists but classification is unresolved (GASB Concept Statement 4).
- Accounting note
- Must be cleared promptly to correct cash, receivable, or liability account.
- Reporting note
- Should normally net to zero; balances reviewed monthly.
- Examples
- Unidentified ACH deposits; lockbox receipts pending research.
- Do not use for
- Not for revenue recognition; not for interfund balancing.
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | Form 37 R01 Cash InvestmentsGEN_CASH_INVEST Column for the fund's type (general, special revenue, capital projects, debt service, permanent). Suspense should be cleared before year end. |
| Government-wide ledger (980) | Not reported. Current assets of governmental activities are not reported on form 40. |
| Enterprise funds (water example) | Form 38 R01 UnrestrictedENT_UNRESTRICTED Enterprise or internal service column. |
| Internal service funds | Form 38 R01 UnrestrictedINT_SERV_UNRESTRICTED Enterprise or internal service column. |
| Fiduciary funds (pension trust example) | Form 39 R02 Short Term InvestmentsPEN_OTHER_EE_BEN_TRUST_ST_INVEST Column for the trust or custodial fund type. |
Enterprise placement is shown for a water fund; other enterprise funds use the same line on their own form. Check any combination in the FTR finder.