Debt Service · Debt Service Contra
7990-7999 Debt Service Contra - Local Detail
Reserved range for local detail codesSince 2026.03
- What it is
- Debt service contra objects reverse or reclassify principal, interest, and issuance-cost activity without losing original debt service coding.
- Accounting note
- Use for debt payment corrections, refinancing reallocations, refunding true-ups, or timing reversals tied to original debt service lines.
- Reporting note
- Report as negative debt service where included in expenditure reporting.
- Examples
- Reverse principal posted to wrong issue; reclass interest between debt programs; unwind year-end debt accrual.
- Do not use for
- Do not use for transfers or other financing sources and uses.
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | By functionForm 28 R04 Other Debt Service PaymentsCURR_EXP_OTHER_DEBT_SERV Current expenditures column. Contra detail; should net to zero. |
| By major objectForm 29 R12 Other Debt Service PaymentsOTHR_DEBT_SERV | |
| 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 R62 Other Nonoperating ExpensesOTHR_NONOP_EXP |
| Internal service funds | Form 03 R19 Other Nonoperating ExpensesOTHR_NONOP_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.