HomeMy WebLinkAbout6.n. Expenditure Approval from the Donation Account – Parks & Recreation Dept.4ROSEMOUNTEXECUTIVE SUMMARY
CITY COUNCIL
City Council Regular Meeting: May 7, 2013
AGENDA ITEM: Expenditure Approval from the Donation
AGENDA SECTION:
Account — Parks & Recreation Dept.
Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director
AGENDA NO. 6.n.
ATTACHMENTS: Donation Revenue Worksheet
APPROVED BY: DDJ
RECOMMENDED ACTION: Motion to approve the donation expenditure of $254.42, the
remaining balance for an inflatable obstacle course for the Friday Night Live teen event
held on 04- 26 -13.
EXPENDITURE
DONATION
AMOUNT
USE /ITEM PURCHASED
FROM
$254.42
Twin Cities Inflatables — Obstacle course for Friday Night
1" State Bank of
Live teen event — remaining balance of 50%
Rosemount
SUMMARY
Please consider the expenditure from the Donation Account for the above item.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on:
1 st State Bank of Rosemount
Amount Received:
Various
Receipt # for Donation:
# N/A
Purpose of Donation:
Teen Night— Friday Night Live:
Twin Cities Inflatables — Obstacle Course
Account # for Donation:
101 -22223
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent:
$254.42
To be Spent from Acct #:
101- 45100 -01- 439.00
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure:
Teen Night— Friday Night Live:
Twin Cities Inflatables — Obstacle Course
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101- 36230.00: $254.42
Amend Expenditure Acct #101- 45100 -01- 439.00
(The two - dollar amounts should be the same.)
$254.42
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101 -2222 (Donation Liability #) $254.42
Credit: 101- 36230.00 $254.42
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on May 7, 2013.