HomeMy WebLinkAbout6.g. Expenditure Approval from the Donation Account – Parks & Recreation Dept
EXECUTIVE SUMMARY
City Council Regular Meeting: November 14, 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: ddj
RECOMMENDED ACTION: Motion to approve the donation expenditure of $18,900 for
work on the new Dugouts at Shannon Park.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$18,900
Dakota Unlimited – chain link fencing and mid rail for
dugouts
RAAA
SUMMARY
Please consider the expenditure from the Donation Account for the above item.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: Rosemount Area Athletic Assoc.
Amount Received: $20,900 Receipt # for Donation: Purpose of Donation: Misc – work on new dugouts at Shannon Park - chain link
fencing and mid-rail Account # for Donation: 101-22223
2
(Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $18,900 To be Spent from Acct #: 101-45100-01-439.00
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Misc – work on new dugouts at Shannon Park - chain link
fencing and mid-rail AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $18,900 Amend Expenditure Acct #101-45100-01-439.00 $18,900 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $18,900
Credit: 101-36230.00
$18,900 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on November 14, 2016.