HomeMy WebLinkAbout6.e. Expenditure Approval from the Donation Account – Parks & Recreation Dept
EXECUTIVE SUMMARY
City Council Regular Meeting: May 3, 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.e.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: ddj
RECOMMENDED ACTION: Motion to approve the donation expenditure of $1,216.76 for
the Spring Egg Hunt.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$1,216.76
Sam’s Club – Egg Hunt Supplies
Rosemount Lions
SUMMARY
Please consider the expenditure of funds from the Donation Account for the above item.
2
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 04/18/16 from the Rosemount Lions
Amount Received: $2,000
Receipt # for Donation:
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: $1,216.76 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Egg Hunt – Sam’s Club - Supplies
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $1,216.76 Amend Expenditure Acct #101-45100-01-439.00 $1,216.76
(The two-dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $1,216.76
Credit: 101-36230.00
$1,216.76 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on May 3, 2016.