HomeMy WebLinkAbout6.d. Expenditure Approval from the Donation Account – Parks & Recreation Dept
EXECUTIVE SUMMARY
City Council Regular Meeting: March 2, 2016
AGENDA ITEM: Expenditure Approval from the Donation
Account – Parks & Recreation Dept.
AGENDA SECTION:
Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. 6.d.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: ddj
RECOMMENDED ACTION: Motion to approve the donation expenditure of $50.38 for
sales and use tax for Egg Hunt supplies and $261.52 from the Veterans’ Memorial donation
account for flags and flagpoles.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$50.38
State of Minnesota – Sales and Use Tax on Supplies
Purchased from Sunny Bunny Easter Eggs
Various
145.95
Rep. John Kline – Flags
Various
115.57
Menards – Flagpoles
Various
$311.90
Total
SUMMARY
Please consider the expenditure from the Donation Account for the above items.
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DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on:
Amount Received: Lions Club of Rosemount Receipt # for Donation: # N/A Purpose of Donation:
Egg Hunt – State of MN – sales & use tax for Egg Hunt
supplies purchased from Sunny Bunny Easter Eggs Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $50.38 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Egg Hunt – State of MN – sales & use tax for Egg Hunt
supplies purchased from Sunny Bunny Easter Eggs AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00:
$50.38 Amend Expenditure Acct #101-45100-01-439.00 $50.38 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $50.38 Credit: 101-36230.00 $50.38 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on March 2, 2016.
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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:
Vets’ Memorial – Flags and Flagpoles Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $261.52 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Vets’ Memorial – Flags and Flagpoles
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00:
$261.52
Amend Expenditure Acct #101-45100-01-439.00
$261.52 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $261.52 Credit: 101-36230.00 $261.52 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on March 2, 2016.