Liabilities · Current Liabilities
2040-2099 Current Liabilities – Local Detail
Reserved range for local detail codesSince 2026.03
- What it is
- Reserved local-detail block for current liabilities. Use for city-specific current obligations that require separate identification without breaking rollups.
- Accounting standard
- Use for additional current liabilities consistent with the definition of a liability and the applicable measurement focus (governmental vs proprietary).
- Accounting note
- Define each local account (e.g., refundable deposits payable, claims payable, sales tax payable) and maintain supporting schedules/subledgers.
- Reporting note
- Maintain consistent use across funds and years to support comparability and auditability.
- Examples
- Customer deposits payable; claims payable; sales tax payable to another agency; short-term notes payable (current portion).
- Do not use for
- Do not use for operating revenues/expenses. Long‑term obligations should be in 2240–2899 unless clearly current.
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | Form 37 R27 Other Liabilities 1GEN_OTHER_LIAB1 Column for the fund's type (general, special revenue, capital projects, debt service, permanent). |
| Government-wide ledger (980) | Not reported. Current liabilities of governmental activities are not reported on form 40. |
| Enterprise funds (water example) | Form 38 R41 Other Current Liabilities 1ENT_OTHER_CURR_LIAB1 Enterprise or internal service column. |
| Internal service funds | Form 38 R41 Other Current Liabilities 1INT_SERV_OTHER_CURR_LIAB1 Enterprise or internal service column. |
| Fiduciary funds (pension trust example) | Form 39 R23.5 Other Current LiabilitiesPEN_OTHER_EE_BEN_TRUST_OTHR_CURR_LIAB 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.