HomeMy WebLinkAbout6.g. Expenditure Approval from the Donation Account – Parks & Recreation Dept.
EXECUTIVE SUMMARY
City Council Regular Meeting: July 19, 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.g.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY:
RECOMMENDED ACTION: Motion to approve the donation expenditure of $200.17 for the
Leprechaun Days Fishing Derby and $250 for the Blarney Stone Hunt.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$200.17
Wal-Mart – Supplies for Fishing Derby
CF Industries
$250.00
First State Bank of Rosemount – Coins for Blarney Stone
Hunt.
CF Industries
$450.17 Total
SUMMARY
Please consider the expenditure from the Donation Account for the above items.
2
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 04-26-16 CF Industries
Amount Received: $300.00 Receipt # for Donation: # N/A Purpose of Donation:
Leprechaun Days Fishing Derby - Supplies Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $200.17 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Leprechaun Days Fishing Derby - Supplies
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00:
$200.17
Amend Expenditure Acct #101-45100-01-439.00
$200.17 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $200.17 Credit: 101-36230.00 $200.17 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on July 19, 2016.
3
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 06-28-16 CF Industries
Amount Received: $300.00 Receipt # for Donation: # N/A Purpose of Donation:
Leprechaun Days Blarney Stone Hunt – Coins Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $250.00 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Leprechaun Days Blarney Stone Hunt - Coins
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00:
$250.00
Amend Expenditure Acct #101-45100-01-439.00
$250.00 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $250.00 Credit: 101-36230.00 $250.00 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on July 19, 2016.