HomeMy WebLinkAbout6.f. Expenditure Approval from the Donation Account – Parks & Recreation Dept. 9ROSEMUNT EXECUTIVE SUMMARY
CITY COUNCIL
City Council Regular Meeting: May 6, 2014
AGENDA ITEM: Expenditure Approval from the Donation AGENDA SECTION:
Account— Parks & Recreation Dept. Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. ? f,
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY:
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RECOMMENDED ACTION: Motion to approve the donation expenditure of $399.50 for
entertainment for the Friday Night Live teen event that was held on 04/25/14.
EXPENDITURE DONATION
AMOUNT USE/ITEM PURCHASED FROM
$250.00 JPS Entertainment— DJ for Friday Night Live teen event 1" State Bank of
Rosemount
Jumpity Jump —Inflatable Obstacle Course for Friday 1" State Bank of
$149.50 Night Live teen event (50% paid, this is the remaining 50% Rosemount
balance due)
$399.50 TOTAL
SUMMARY
Please consider the expenditure from the Donation Account for the above items.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 1s` State Bank of Rosemount
Amount Received: Various
Receipt#for Donation: # N/A
Purpose of Donation:
Teen Night— Friday Night Live — Inflatable Obstacle
Course — Jumpity Jump (remaining balance due)
Account#for Donation: 101-22223
(Must be Liability# assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $149.50
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 — Inflatable Obstacle
Course — Jumpity Jump (remaining balance due)
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $149.50
Amend Expenditure Acct#101-45100-01-439.00 $149.50
(The two-dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $149.50
Credit: 101-36230.00 $149.50
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on May 6, 2014.
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DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 1st State Bank of Rosemount
Amount Received: Various
Receipt#for Donation: # N/A
Purpose of Donation:
Teen Night— Friday Night Live - DJ Services —JPS
Entertainment
Account #for Donation: 101-22223
(Must be Liability# assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $250.00
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 - DJ Services —JPS
Entertainment
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct#101-36230.00: $250.00
Amend Expenditure Acct#101-45100-01-439.00 $250.00
(The two-dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $250.00
Credit: 101-36230.00 $250.00
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on May 6, 2014.
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