HomeMy WebLinkAbout6.l. Expenditure Approval from the Donation Accoun - Parks & Recreation Dept. ROSEMOUNTEXECUTIVE SUMMARY
CITY COUNCIL
City Council Regular Meeting: August 4, 2014
AGENDA ITEM: Expenditure Approval from the Donation AGENDA SECTION:
Account— Parks & Recreation Dept. Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY:
RECOMMENDED ACTION: Motion to approve the donation expenditures of$136.19 for
the Fishing Derby and Wet N' Wild events and $314.04 for the Run for the Gold Event as
detailed on the attached donation revenue worksheet.
EXPENDITURE DONATION
AMOUNT USE/ITEM PURCHASED FROM
$136.19 Target— Fishing Derby and Wet N'Wild Supplies Various
$314.04 Sam's Club —Run for the Gold Supplies Various
$450.23 TOTAL
SUMMARY
Please consider the expenditure of funds from the Donation Account for the above items.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: Various
Amount Received: Various
Receipt #for Donation: # N/A
Purpose of Donation:
Fishing Derby & Wet N' Wild —Target - Supplies
Account#for Donation: 101-22223
(Must be Liability# assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $136.19
To be Spent from Acct#: 101-45100-01-439.00
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Fishing Derby & Wet N' Wild —Target - Supplies
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct#101-36230.00: $136.19
Amend Expenditure Acct#101-45100-01-439.00 $136.19
(The two-dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability#) $136.19
Credit: 101-36230.00 $136.19
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on August 4, 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:
Run for the Gold — Sam's Club — Supplies
Account #for Donation: 101-22223
(Must be Liability# assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $314.04
To be Spent from Acct #: 101-45100-01-439.00
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Run for the Gold — Sam's Club — Supplies
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct#101-36230.00: $314.04
Amend Expenditure Acct #101-451 00-01-439.00 $314.04
(The two-dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $314.04
Credit: 101-36230.00 $314.04
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on August 4, 2014.
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