HomeMy WebLinkAbout6.h. Expenditure Approval from the Donation Account – Parks & Recreation Dept. 4ROSEMOUNTEXECUTIVE SUMMARY
CITY COUNCIL
City Council Regular Meeting: May 20, 2014
AGENDA ITEM: Expenditure Approval from the Donation AGENDA SECTION:
Account — Parks & Recreation Dept. Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. G7,[4.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY:
RECOMMENDED ACTION: Motion to approve the donation expenditure of $500 for trees
for the 2014 Arbor Day event.
EXPENDITURE DONATION
AMOUNT USE/ITEM PURCHASED FROM
$500.00 Cross Nurseries —Arbor Day Dakota Electric
SUMMARY
Please consider the expenditure from the Donation Account for the above item.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 03-18-14
Amount Received: $500 from Dakota Electric
Receipt#for Donation: # N/A
Purpose of Donation:
Arbor Day—Cross Nurseries
Account#for Donation: 101-22223
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $500
To be Spent from Acct#: 101-45100-01-439.00
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Arbor Day—Cross Nurseries
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct#101-36230.00: $500
Amend Expenditure Acct#101-45100-01-439.00 $500
(The two-dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $500
Credit: 101-36230.00 $500
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on May 20, 2014.
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