HomeMy WebLinkAbout6.v. Expenditure Approval From Donation Account- AdministrationAGENDA ITEM: Expenditure Approval From Donation
Account Administration
AGENDA SECTION:
Add -On
PREPARED BY: Dawn Weitzel, Assistant City
Administrator
AGENDA NO. v�
ATTACHMENTS: Donation Revenue Worksheet
APPROVED BY
RECOMMENDED ACTION: Motion to approve the donation expenditure listed bE elow and
detailed on the attachment donation revenue worksheets.
EXPENDITURE
AMOUNT
ITEM PURCHASED
DONATION FROM
$5,066
Display Sales Company,
Payment of Set -Up Fees and 130
16X45 Banners
SKB Environmental
Rosemount Community
Trust
4 ROSEMOUNT
CITY COUNCIL
City Council Regular Meeting: December 20, 2005
EXECUTIVE SUMMARY
BACKGROUND
As part of the continuing marketing efforts of the City, banners depicting the new "logo" design are
scheduled to be put on the light poles m early 2006 when the holiday banners come down. In September,
the City of Rosemount received $5,066 from the SKB Environmental Rosemount Community Trust
Board to defray some of the cost of this project.
SUMMARY
This is a request for Council to approve the expenditure of funds from the Donation Account for the
above service m the amount of $5,066.
RECEIPT OF DONATION
Donation Received on:
Amount Received:
Receipt for Donation:
Purpose of Donation
Amount to be Spent:
To be Spent from Acct
DONATION REVENUE WORKSHEET
December 20, 2005
$5,066
(Must be Liability assigned for each individual Department
Marketing Efforts Banners
Account for Donation. 101 -22223 00
EXPENDITURE OF DONATION
$5,066
101 41110 -01- 439.00
(Must be Expenditure corresponding to individual Department.)
Purpose of Expenditure: Marketing Efforts Banners
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101- 36230.00: $5,066
Amend Expenditure Acct #101 41110 -01 -439 00 $5,066
(The two dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY
Debit 101 -22223 00 (Donation Liability $5,066
Credit. 101 -36230 00 $5,066
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on December 20, 2005