Assets · Capital Assets
1270 Lease Assets (Right-to-Use)
Since 2026.10
- What it is
- The lessee's right to use leased property over the lease term.
- Accounting standard
- GASB 87 lessee accounting; offset by a lease liability (2171, 2211).
- Examples
- Leased copiers, vehicles, or office space over 12 months.
- Do not use for
- Short-term leases of 12 months or less (5270).
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | Form 40 R05.5 Capital assets: Lease Assets (Lessee)CAP_LEASE_ASSETS Government-wide item; record in the conversion ledger (980). |
| Government-wide ledger (980) | Form 40 R05.5 Capital assets: Lease Assets (Lessee)CAP_LEASE_ASSETS Government-wide item; record in the conversion ledger (980). |
| Enterprise funds (water example) | Form 38 R18.6 Lease Assets (Lessee)ENT_LEASE_ASSETS Enterprise or internal service column. |
| Internal service funds | Form 38 R18.6 Lease Assets (Lessee)INT_SERV_LEASE_ASSETS 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.