Assets · Current Assets
1160 Inventory
Since 2026.03
- What it is
- Inventory includes consumable supplies and materials held for use in operations.
- Accounting standard
- Inventory may be reported using consumption or purchases method as permitted; disclose accounting policy as needed.
- Accounting note
- Maintain inventory records for significant inventories (fuel, chemicals, parts).
- Examples
- Water treatment chemicals; fleet parts; fuel inventory.
- Do not use for
- Prepaid contracts (1070).
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | Form 37 R10 InventoriesGEN_INVENTORIES Column for the fund's type (general, special revenue, capital projects, debt service, permanent). |
| Government-wide ledger (980) | Not reported. Current assets of governmental activities are not reported on form 40. |
| Enterprise funds (water example) | Form 38 R08 InventoriesENT_INVENTORIES Enterprise or internal service column. |
| Internal service funds | Form 38 R08 InventoriesINT_SERV_INVENTORIES Enterprise or internal service column. |
| Fiduciary funds (pension trust example) | Form 39 R14.5 Other Current AssetsPEN_OTHER_EE_BEN_TRUST_OTHR_CURR_ASSETS 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.