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HomeMy WebLinkAbout6.g. Donation Account Expenditure D.A.R.E. Fund ROSEMUNT E EXECUTIVE SUMMARY CITY COUNCIL p. City Council Meeting: April 3,. 2012 AGENDA ITEM: Donation Account Expenditure D.A.R.E. AGENDA SECTION: Fund / Co -ent PREPARED BY: Gary Kalstabakken, Chief of Police_` AGENDA.NO. • ATTACHMENTS: Worksheet. APPROVED BY: ° o&) RECOMMENDED ACTION: Motion to approve an expenditurefrom the D.A.R.E. Fund Account in the amount of $221.18. BACKGROUND The D.A.R.E. Fund was set up to accept donations designated for supplying workbooks, tee shirts and other classroom supplies for the D.A.R.E. program. Expenditures of funds from this account require 4 Council approval. ISSUE D.A.R.E. is instructed at Saint Joseph's Catholic School each year and the Father Carey — Knights of Columbus donates funds to support the program. Graduation for this year's class of 5th graders was recently held. Supplies purchased for the program included tee shirts, water bottles and other prize items for students. 1 RECOMMENDATION 1 Council is asked to approve an expenditure of $221.18 from the D.A.R.E. Fund. • , a T � r # ` r w - DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received On: April 3, 2012 Amount Received: $ i . Purpose of Donation: DARE PROGRAM Account # for Donation: 101 - 22221 (Must be Liability # Assigned for Each Individual Department) EXPENDITURE OF DONATION Amount to be Spent: $221.18 F To'be Spent from Account #:101 42110 01 208.01 . Purpose of Expenditure: tee shirts, water bottles, student prizes AMENDMENT OF BUDGETS Amend Donation Revenue Account #101 - 36230.00: $221.18 Amend Expenditure Account #101 -22222 : $221.18 (The Two Dollar Amounts Must be the Same) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY # Debit: #101 - 22221 (Donation Liability #) $221.18 Credit:101- 36230.00 $221.18 Journal entry to reduce deferred donation revenue account and increase donation revenue account to actual per City Council action on: April 3, 2012 • " 4.