HomeMy WebLinkAbout6.h. Expenditure Approval from the Donation Account – Parks & Recreation Dept. 4ROSEtvlOUNT EXECUTIVE SUMMARY
CITY COUNCIL
City Council Regular Meeting: March 4, 2014
AGENDA ITEM: Expenditure Approval from the Donation AGENDA SECTION:
Account- Parks & Recreation Dept. Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. ( .,ji
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY:
RECOMMENDED ACTION: Motion to approve the donation expenditure of$1,550 from
Rosemount Youth Hockey Boosters to be used towards the cost of the new drinking
fountain in the Rosemount Community Center Ice Arena.
EXPENDITURE DONATION
AMOUNT USE/ITEM PURCHASED FROM
$1,550.00 Drain Pro Plumbing-Miscellaneous Account RAHA
SUMMARY
Please consider the expenditures from the Donation Account for the above item.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 03-04-14
Amount Received: $1,550.00 from Rsmt Youth Hockey Boosters
Receipt#for Donation: # N/A
Purpose of Donation:
Miscellaneous— Drain Pro— Ice Arena Drinking
Fountain
Account#for Donation: 101-22223
(Must be Liability# assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $1,550.00
To be Spent from Acct#: 101-45100-01-439.00
(Must be Expenditure#corresponding to individual Department.)
Purpose of Expenditure: Miscellaneous— Drain Pro — Ice Arena Drinking
Fountain
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct#101-36230.00: $1,550.00
Amend Expenditure Acct#101-45100-01-439.00 $1,550.00
(The two-dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY#
Debit: 101-22223 (Donation Liability#) $1,550.00
Credit: 101-36230.00 ;$1,550.00
Journal entry to reduce deferred donation revenue and increase donatipn revenue to actual per Council
action on March 4, 2014.
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