Liabilities · Long-Term Liabilities
2210 Lease / SBITA Liability (GASB 87/96)
Since 2026.03
- What it is
- Leases and similar obligations represent long-term commitments arising from lease arrangements or other right-to-use arrangements recognized as liabilities in applicable reporting statements.
- Accounting standard
- Lease liabilities and similar obligations are recognized based on applicable standards for leases/subscriptions and measured as the present value of future payments where required.
- Accounting note
- Maintain lease schedules (payments, discount rates, terms). Reconcile to note disclosures and amortization schedules.
- Reporting note
- Lease-related expense is captured in operating expense objects (typically 5200–5299). This object is for the balance‑sheet liability and related amortization/interest components as applicable.
- Examples
- Office space lease liability; equipment lease liability; right‑to‑use arrangements requiring liability recognition.
- Do not use for
- Short-term rentals paid as incurred (expense objects).
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | Form 40 R32.5 Lease LiabilityLT_LEASE_LIABILITY Government-wide item; record in the conversion ledger (980). |
| Government-wide ledger (980) | Form 40 R32.5 Lease LiabilityLT_LEASE_LIABILITY Government-wide item; record in the conversion ledger (980). |
| Enterprise funds (water example) | Form 38 R54.5 Lease LiabilityENT_LEASE_LIABILITY Enterprise or internal service column. |
| Internal service funds | Form 38 R54.5 Lease LiabilityINT_SERV_LEASE_LIABILITY 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.