Debt Service · Leases, Subscriptions & Other Debt Service
7051 Lease Liability — Interest
Since 2026.10
- What it is
- Interest paid on GASB 87 leases (lessee).
- Accounting standard
- GASB 87.
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | By functionForm 28 R03.1 Principal Interest on Lease FinancingCURR_PRINC_INTEREST_LEASE_FIN Current expenditures column. |
| By major objectForm 29 R11.6 Principal and Interest on Lease FinancingPRINC_INTEREST_LEASE_FIN | |
| Government-wide ledger (980) | Not reported. Government-wide revenues and expenses are not reported; the FTR uses fund-basis activity. |
| Enterprise funds (water example) | Form 12 R60.1 Lease Interest ExpenseLEASE_INT_EXP |
| Internal service funds | Form 03 R17.1 Lease Interest ExpenseLEASE_INT_EXP |
| Fiduciary funds (pension trust example) | Form 30.5 R24 Other DeductionsPEN_DEDUCT_OTHR 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.