HomeMy WebLinkAbout6.e. Expenditure Approval from the Donation Account – Parks & Recreation Dept.
EXECUTIVE SUMMARY
City Council Regular Meeting: May 5, 2015
AGENDA ITEM: Expenditure Approval from the Donation
Account – Parks & Recreation Dept.
AGENDA SECTION:
Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. 6.e.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: ddj
RECOMMENDED ACTION: Motion to approve the donation expenditure of $616.51 for the
Spring Egg Hunt and $140.10 for Teen Night/Friday Night Live.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$616.51
Sam’s Club – Egg Hunt Supplies
Rosemount Lions
$140.10
Jumpity Jump – Teen Night/Friday Night Live – Youth
Programs
The First State Bank
of Rosemount
$756.61 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: 03-17-15 from the Rosemount Lions
Amount Received: $2,000 Receipt # for Donation: 92548 Purpose of Donation:
Egg Hunt – Sam’s Club - Supplies Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $616.51 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Egg Hunt – Candy Retailer.Com, Sam’s Club - Supplies
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $616.51 Amend Expenditure Acct #101-45100-01-439.00 $616.51 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $616.51 Credit: 101-36230.00 $616.51 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on April 28, 2015.
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DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: Various
Amount Received: Various
Receipt # for Donation:
Purpose of Donation: Youth Programs
Teen Night/Friday Night Live – Jumpity Jump - Inflatables Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $140.10 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Youth Programs - Teen Night/Friday Night Live – Jumpity
Jump - Inflatables AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $140.10
Amend Expenditure Acct #101-45100-01-439.00
$140.10 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $140.10 Credit: 101-36230.00 $140.10 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on April 28, 2015.
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