HomeMy WebLinkAbout6.o. Expenditure Approval from the Donation Account - Parks & Recreation Dept. 4ROSEMOUNTEXECUTIVE SUMMARY
CITY COUNCIL
City Council Regular Meeting: June 3, 2014
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AGENDA ITEM: Expenditure Approval from the Donation AGENDA SECTION:
Account — Parks & Recreation Dept. Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. 6.0.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY:
U of
RECOMMENDED ACTION: Motion to approve the donation expenditure of $290.00 for
two trees to be planted near the bench at Meadows Park and $20.25 for flowers for the
Veterans' Memorial in Central Park.
EXPENDITURE DONATION
AMOUNT USE/ITEM PURCHASED FROM
•
$290.00 Bachman's—2 But Oak Trees Carol Brom
$20.25 Fluegels — Flowers for Veterans' Memorial Various
SUMMARY
Please consider the expenditure from the Donation Account for the above items.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 10-22-2013
Amount Received: $600 from Carol Brom
Receipt#for Donation: # N/A
Purpose of Donation:
Misc—Bachman's
Account#for Donation: 101-22223
(Must be Liability# assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $290.00
To be Spent from Acct#: 101-45100-01-439.00
(Must be Expenditure #corresponding to individual Department.)
Purpose of Expenditure: Misc—Bachman's
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct#101-36230.00: $290.00
Amend Expenditure Acct#101-45100-01-439.00 $290.00
(The two-dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY#
Debit: 101-22223 (Donation Liability#) $290.00
Credit: 101-36230.00 $290.00
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on June 3, 2014.
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DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: Various
Amount Received: Various
Receipt#for Donation: # N/A
Purpose of Donation:
Veterans' Memorial—Fluegels
Account#for Donation: 101-22223
(Must be Liability# assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $20.25
To be Spent from Acct#: 101-45100-01-439.00
(Must be Expenditure#corresponding to individual Department.)
Purpose of Expenditure: Veterans' Memorial—Fluegels
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct#101-36230.00: $20.25
Amend Expenditure Acct#101-45100-01-439.00 $20.25
(The two-dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY#
Debit: 101-22223 (Donation Liability#) $20.25
Credit: 101-36230.00 $20.25
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on June 3, 2014.
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