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HomeMy WebLinkAbout6.e. Receive Donation - Parks and Recreation Department EXECUTIVE SUMMARY City Council Regular Meeting: March 2, 2016 AGENDA ITEM: Receive Donation – Parks & Recreation Dept. AGENDA SECTION: Consent PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. 6.e. ATTACHMENTS: None APPROVED BY: ddj RECOMMENDED ACTION: Motion to approve receiving the following donations: $500 received from Dakota Electric for Safety Camp, $1000 received from The First State Bank of Rosemount for Safety Camp, and $500 from the Rosemount VFW for the Veterans’ Memorial account. ISSUE Receive donations. BACKGROUND Motion to approve receiving the following donations: $500 received from Dakota Electric for Safety Camp, $1000 received from The First State Bank of Rosemount for Safety Camp, and $500 from the Rosemount VFW for the Veterans’ Memorial account. SUMMARY This is a request for Council to receive the donations listed above. 2 DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received On: 02-16-16 from 1st State Bank Rosemount-Mark & Barb Toombs Amount Received: $1000 Purpose of Donation: 2016 Safety Camp Account # for Donation: 101-22223 (Must be Liability # Assigned for Each Individual Department) EXPENDITURE OF DONATION Amount to be Spent: $ To be Spent from Account #: (Must be Expenditure # Corresponding to Individual Department) Purpose of Expenditure: AMENDMENT OF BUDGETS Amend Donation Revenue Account #101-36230.00: $ Amend Expenditure Account # :$ (The Two Dollar Amounts Must be the Same) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY # Debit: 101-22223 (Donation Liability #) $ Credit: 101-36230.00 $ Journal entry to reduce deferred donation revenue account and increase donation revenue account to actual per City Council action on: 03-02-16 . 3 DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received On: 01-26-16 from Dakota Electric Amount Received: $500 Purpose of Donation: 2016 Safety Camp Account # for Donation: 101-22223 (Must be Liability # Assigned for Each Individual Department) EXPENDITURE OF DONATION Amount to be Spent: $ To be Spent from Account #: (Must be Expenditure # Corresponding to Individual Department) Purpose of Expenditure: AMENDMENT OF BUDGETS Amend Donation Revenue Account #101-36230.00: $ Amend Expenditure Account # :$ (The Two Dollar Amounts Must be the Same) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY # Debit: 101-22223 (Donation Liability #) $ Credit: 101-36230.00 $ Journal entry to reduce deferred donation revenue account and increase donation revenue account to actual per City Council action on: 03-02-16 . 4 DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received On: 02-24-16 – from Rosemount VFW Amount Received: $500 Purpose of Donation: Veterans’ Memorial Account # for Donation: 101-22223 (Must be Liability # Assigned for Each Individual Department) EXPENDITURE OF DONATION Amount to be Spent: $ To be Spent from Account #: (Must be Expenditure # Corresponding to Individual Department) Purpose of Expenditure: AMENDMENT OF BUDGETS Amend Donation Revenue Account #101-36230.00: $ Amend Expenditure Account # :$ (The Two Dollar Amounts Must be the Same) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY # Debit: 101-22223 (Donation Liability #) $ Credit: 101-36230.00 $ Journal entry to reduce deferred donation revenue account and increase donation revenue account to actual per City Council action on: 03-02-16 .