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HomeMy WebLinkAbout6.c. Donation Account Expenditure Fire Department 4 ROSEI4OUN'T EXECUTIVE SUMMARY CITY COUNCIL City Council Regular Meeting: October 16, 2012 AGENDA ITEM: Donation Account Expenditure Fire AGENDA SECTION: Department Consent PREPARED BY: Scott Aker, Fire Chief AGENDA NO. (p t( ATTACHMENTS: work sheet APPROVED BY: RECOMMENDED ACTION: Motion to approve the expenditure of funds from the Fire Department donation account for 2 Thermo Imagers. SUMMARY The City Council is asked to consider the expenditure of$19,900 from the donation account for the purchase of 2 Thermo Imagers. Donations have been received from various sources. Several were designated for Thermo Imagers and others were to be used as needed with Fire Department discretion. DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received On: Several Donations 2001-2012 Amount Received: $ 19,900 Purpose of Donation: Thermo Imagers+Misc. Account#for Donation: 101-22220 (Must be Liability#Assigned for Each Individual Department) EXPENDITURE OF DONATION Amount to be Spent: $ 19,900 To be Spent from Account#: 101-42210-01-586.00 (Must be Expenditure # Corresponding to Individual Department) Purpose of Expenditure: 2 Thermo Imagers AMENDMENT.OF BUDGETS Amend Donation Revenue Account#101-36230.00: $ 19,9000 #101-42210-01 Amend Expenditure Account#586.00 :$ 19,900 (The Two Dollar Amounts Must be the Same) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY# Debit: 101-22220 (Donation Liability#) $ 19,900 Credit:101-36230.00 $ 19.900 Journal entry to reduce deferred donation revenue account and increase donation revenue account to actual per City Council action on: