Other Financing Sources/Uses · Sale of Capital Assets
8030 Sale of Capital Assets
Since 2026.03
- What it is
- Sale of capital assets represents inflows from the disposition of capital assets.
- Accounting standard
- In governmental funds, proceeds from sale of capital assets are other financing sources. In accrual statements, gains/losses may be recognized based on carrying value vs proceeds.
- Accounting note
- Reconcile to asset register disposals and sales documentation. Track selling costs per policy.
- Reporting note
- Use for proceeds from sale of equipment, land, or buildings.
- Examples
- Auction proceeds from surplus vehicles; land sale proceeds.
- Do not use for
- Operating revenues (fees/charges) and insurance recoveries (often revenue 3420 or local policy).
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | Form 30 R09 Proceeds from Sale of Capital AssetsPROCEED_SALE_CAP_ASSET |
| Government-wide ledger (980) | Not reported. Government-wide revenues and expenses are not reported; the FTR uses fund-basis activity. |
| Enterprise funds (water example) | Not reported. Debt proceeds and asset sale proceeds are balance sheet items in proprietary funds; report gains or losses instead. |
| Internal service funds | Not reported. Debt proceeds and asset sale proceeds are balance sheet items in proprietary funds; report gains or losses instead. |
| Fiduciary funds (pension trust example) | Not reported. Other financing sources are not used in fiduciary funds; review. |
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.