HomeMy WebLinkAbout6.g. Expenditure Approval from the Donation Account – Parks & Recreation Dept. 4ROSEMOUNTEXECUTIVE SUMMARY
CITY COUNCIL
City Council Regular Meeting: April 15, 2014
AGENDA ITEM: Expenditure Approval from the Donation AGENDA SECTION:
Account— Parks & Recreation Dept. Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. € a
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: a.
RECOMMENDED ACTION: Motion to approve the donation expenditure of$2,838.11 to
be used towards the cost of the lighting improvements at the Rosemount Steeple Center.
EXPENDITURE DONATION
AMOUNT USE/ITEM PURCHASED FROM
$2,838.11 Viking Electric Supply- Misc Account- Steeple Ctr. RAAC
lighting
SUMMARY
Please consider the expenditure from the Donation Account for the above item.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 09-03-13 at City Council Meeting
Amount Received: $2,838.11 from Rsmt Area Arts Council (RAAC)
Receipt#for Donation: # N/A
Purpose of Donation:
Miscellaneous—Viking Electric— Steeple Ctr
Lighting
Account#for Donation: 101-22223
(Must be Liability#assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $2,838.11
To be Spent from Acct#: 101-45100-01-439.00
(Must be Expenditure #corresponding to individual Department.)
Purpose of Expenditure: Miscellaneous—Viking Electric— Steeple Ctr.
Lighting
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct#101-36230.00: $2,838.11
Amend Expenditure Acct#101-45100-01-439.00 $2,838.11
(The two-dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY#
Debit: 101-22223 (Donation Liability#) $2,838.11
Credit: 101-36230.00 $2,838.11
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on April 15, 2014.
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