HomeMy WebLinkAbout6.e. Receive Donation – Police Equipment Fund R�SEMOLINT EXECUTIVE SUMMARY
CITY COUNCIL
City Council Meeting: June 19, 2012
AGENDA ITEM: Received Donation- Police Equipment A END SE TION:
Fund
PREPARED BY: Jewel Ericson, Interim Potice Chie AGENDA NO. �n e,
v
ATTACHMENTS: Worksheet APPROVED BY:
RECOMMENDED ACTION: Motion to accept a donation in the amount of$500 to the
Police Equipment Fund from the American Legion Post#65.
BACKGROUND
The Police Equipment Fund has been set up fox the purpose of receiving donations received that aYe
designated for the Police Department. Expenditures from this account are only made after approval is
received from the City Council.
ISSUE
The Council is being asked to accept a donation in the amount of$500 fxom the Rosemount American
Legion Post#65. Donated funds are from the Legion's gambling funds.
These funds are being designated for the purpose of purchasing prizes and for other expenses related to a
teen dance held during Lepxechaun Days. This dance is staffed by Legion membeYS and Police Reserve
Officers.
RECOMMENDA T/ON
Staff Yecommends the acceptance of the donation.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received On: May 4, 2012
Amount Received: $ 500.00
Purpose of Donation: Prizes and food for youth event
Account # for ponation: 101 - 22221
(Must be Liability#Assigned for Each Individual Department)
EXPENDITURE OF DONATION
Amount to be Spent: $500.00
To be Spent from Account#:101 42110 01 208.02
Purpose of Expenditure: Prizes and food
AMENDMENT OF BUDGETS
Amend Donation Revenue Account#101-36230.00: 500.00
Amend Expenditure Account#101-22222 � 500.00
(The Two Dollar Amounts Must be the Same)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: #101-22222 (Donation Liability#) 500.00
Credit:101-36230.00 500.00
Journal entry to reduce deferred donation revenue account and increase donation
revenue account to actual per City Council action on: June 19, 2012