Liabilities · Long-Term Liabilities
2200 Long-Term Debt – Bonds/COPs
Since 2026.03
- What it is
- Long-term debt payable represents bonds, loans, and other borrowings due beyond one year (exclusive of current maturities).
- Accounting standard
- Long-term debt is recognized in government‑wide and proprietary statements. Governmental funds typically recognize current maturities when due and payable with current resources.
- Accounting note
- Maintain debt schedules by issue; reconcile principal outstanding to trustee statements; separate current portion vs long-term portion at year-end.
- Reporting note
- Debt service payments are recorded in 7000–7999 expense objects. This object is for the balance‑sheet liability only.
- Examples
- Revenue bonds payable; lease-revenue bonds payable; bank loans payable (long-term portion).
- Do not use for
- Current portion of long-term debt (record in a current liability local-detail account or reserved block 2040–2099 if you choose to separate current portion).
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | Form 40 R27 Other BondsLT_OBLIG_OTHER_BOND Use 2201-2204 so bonds report on the right line. |
| Government-wide ledger (980) | Form 40 R27 Other BondsLT_OBLIG_OTHER_BOND Use 2201-2204 so bonds report on the right line. |
| Enterprise funds (water example) | Form 38 R49 Other BondsENT_OTHER_BOND Enterprise or internal service column. |
| Internal service funds | Form 38 R49 Other BondsINT_SERV_OTHER_BOND Enterprise or internal service column. |
| Fiduciary funds (pension trust example) | Form 39 R24.7 Other Long Term LiabilitiesPEN_OTHER_EE_BEN_TRUST_OTHR_LT_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.