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HomeMy WebLinkAbout6.k. Expenditure Approval from the Donation Account – Parks & Recreation Dept.�ROSEMOUtI T EXECUTIVE SUMMARY CITY COUNCIL City Council Regular Meeting: February 5, 2013 AGENDA ITEM: Expenditure Approval from the Donation AGENDA SECTION: Account — Parks & Recreation Dept. Consent PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. � �L ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: Obi RECOMMENDED ACTION: Motion to approve the donation expenditure of $284.59 from the Veterans' Memorial donation account for flags. EXPENDITURE AMOUNT USE /ITEM PURCHASED DONATION FROM $284.59 Office of Rep. John Kline — Flags Various SUMMARY Please consider the expenditure from the Donation Account for the above item. DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received on: Various Amount Received: Various Receipt # for Donation: # N/A Purpose of Donation: Vets' Memorial — Flags Account # for Donation: 101 -22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION Amount to be Spent: $284.59 To be Spent from Acct #: 101- 45100 -01- 439.00 (Must be Expenditure # corresponding to individual Department.) Purpose of Expenditure: Vets' Memorial — Flags AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101- 36230.00: Amend Expenditure Acct #101 - 45100 -01- 439.00 (The two - dollar amounts should be the same.) $284.59 $284.59 GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY # Debit: 101 -22223 (Donation Liability #) $284.59 Credit: 101- 36230.00 $284.59 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on February 5, 2013. 6