Assets · Capital Assets
1220 Capital Assets – Improvements
Since 2026.03
- What it is
- Capital assets – improvements include improvements other than buildings, such as park improvements and site enhancements.
- Accounting standard
- Land improvements are capitalized and depreciated over useful lives unless inexhaustible.
- Accounting note
- Separate from land for depreciation; track improvements by project.
- Examples
- Parking lots; playground improvements; landscaping systems.
- Do not use for
- Equipment (1140).
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | Form 40 R02 Capital assets: Buildings ImprovementsCAP_ASSET_BUILD_IMPROV Government-wide item; record in the conversion ledger (980). |
| Government-wide ledger (980) | Form 40 R02 Capital assets: Buildings ImprovementsCAP_ASSET_BUILD_IMPROV Government-wide item; record in the conversion ledger (980). |
| Enterprise funds (water example) | Form 38 R17 Buildings and ImprovementsENT_BUILD_IMPROV Enterprise or internal service column. |
| Internal service funds | Form 38 R17 Buildings and ImprovementsINT_SERV_BUILD_IMPROV Enterprise or internal service column. |
| Fiduciary funds (pension trust example) | Form 39 R15.6 Other Capital Assets Net of DepreciationPEN_OTHER_EE_BEN_TRUST_CAP_ASSETS_NET 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.