Assets · Capital Assets
1260 Construction in Progress
Since 2026.10
- What it is
- Costs of capital projects not yet placed in service.
- Accounting standard
- Not depreciated until the asset is substantially complete and in use.
- Examples
- Street reconstruction in progress; a new well under construction.
- Do not use for
- Completed projects (reclassify to 1210-1240).
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | Form 40 R06 Capital assets: Construction in ProgressCAP_ASSET_CONST_IN_PROG Government-wide item; record in the conversion ledger (980). |
| Government-wide ledger (980) | Form 40 R06 Capital assets: Construction in ProgressCAP_ASSET_CONST_IN_PROG Government-wide item; record in the conversion ledger (980). |
| Enterprise funds (water example) | Form 38 R20 Construction in ProgressENT_CONST_IN_PROG Enterprise or internal service column. |
| Internal service funds | Form 38 R20 Construction in ProgressINT_SERV_CONST_IN_PROG 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.