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HomeMy WebLinkAbout6.f. Expenditure Approval from the Donation Account - Parks & Recreation Dept ROSEMC�LINT EXECUTIVE SUMMARY CITY COUNCIL City Council Regular Meeting: August 19, 2014 AGENDA ITEM: Expenditure Approval from the Donation AGENDA SECTION: Account — Parks & Recreation Dept. Consent PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. 6 .'fo ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: RECOMMENDED ACTION: Motion to approve the donation expenditure of$200 from the donation account for the Run for the Gold. EXPENDITURE DONATION AMOUNT USE/ITEM PURCHASED FROM $200.00 Jason Serbesku—DJ Services—Run for the Gold Various SUMMARY Please consider the expenditure from the Donation Account for the above item. 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 —Jason Serbesku — DJ Services Account#for Donation: 101-22223 (Must be Liability# assigned for each individual Department.) EXPENDITURE OF DONATION Amount to be Spent: $200.00 To be Spent from Acct#: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.) Purpose of Expenditure: Run for the Gold —Jason Serbesku — DJ Services AMENDMENT OF BUDGETS Amend Donation Revenue Acct#101-36230.00: $200.00 Amend Expenditure Acct#101-45100-01-439.00 $200.00 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY # Debit: 101-22223 (Donation Liability#) $200.00 Credit: 101-36230.00 $200.00 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on August 19, 2014. 2