HomeMy WebLinkAbout6.g. Donation Account Received and Expenditure - Police Equipment FundREMOUT
EXECUTIVE SUMMARY
CITY COUNCIL
City Council Regular Meeting: July 1, 2014
AGENDA ITEM: Donation Account Received and
Expenditure — Police Equipment Fund
AGENDA SECTION:
Consent
PREPARED BY: Bryan Burkhalter, Interim Chief of Po is
AGENDA NO.
ATTACHMENTS: Donation' Worksheet
APPROVED 'BY:
RECOMMENDED ACTION: Motion to accept a donation in the amount of $500 to the
Rosemount Police Equipment Fund and to approve the expenditure of $5010 to be used for
Police Safety Camp Bicycle Rodeo.
BACKGROUND
The Police Equipment Fund has been set up for the purpose of receiving donations that are designated for
the Police Department. Expenditures from this account are only made after approval is received from the
City Council.
ISSUE
The Council is being asked to accept a donation in the amount of $500 from the Rosemount American
Legion Post #65. Donated funds are from the Legion's gambling finds.
These funds are being designated for the purpose of purchasing bicycle helmets and other safety
equipment fora Police Safety Camp Bicycle Rodeo.
Staff recommends the acceptance and expenditure of $500 from the Police Equipment Fund for the
purpose of purchasing bicycle helmets and other safety equipment for a Police Safety Camp Bicycle
Rodeo.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received On: July 1, 2014
Amount Received: $500.00
Purpose of Donation: Bike helmets and safety equipment
Account #for Donation: 101-22222
(Must be Liability#Assigned for Each Individual Department)
EXPENDITURE OF DONATION
Amount to be Spent: $500.00
To be Spent from Account#: 101-42110-01-208.02
(Must be Expenditure # Corresponding to Individual Department)
Purpose of Expenditure: Bike helmets and safety equipment
AMENDMENT OF BUDGETS
Amend Donation Revenue Account#101-36230.00: $500.00
Amend Expenditure Account#101-42110-01-208.02_:$500.00
(The Two Dollar Amounts Must be the Same)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22222 (Donation Liability#) $500.00
Credit:101-36230.00 $500.00
Journal entry to reduce deferred donation revenue account and increase donation
revenue account to actual per City Council action on: July 1, 2014.