Assets · Capital Assets
1200 Capital Assets – Land
Since 2026.03
- What it is
- Capital assets – land represents land owned by the city used for operations or held for public purposes.
- Accounting standard
- Land is an inexhaustible capital asset and is not depreciated. Record at historical cost or acquisition value where applicable.
- Accounting note
- Track by parcel; include acquisition-related costs; segregate land held for resale if applicable.
- Examples
- Park land; city hall site; right-of-way parcels.
- Do not use for
- Land improvements (1120).
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | Form 40 R01 Capital assets: LandCAP_ASSET_LAND Government-wide item; record in the conversion ledger (980). |
| Government-wide ledger (980) | Form 40 R01 Capital assets: LandCAP_ASSET_LAND Government-wide item; record in the conversion ledger (980). |
| Enterprise funds (water example) | Form 38 R16 LandENT_LAND Enterprise or internal service column. |
| Internal service funds | Form 38 R16 LandINT_SERV_LAND Enterprise or internal service column. |
| Fiduciary funds (pension trust example) | Form 39 R15.5 Capital Assets Not Being DepreciatedPEN_OTHER_EE_BEN_TRUST_CAP_ASSETS_NOTDEP 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.