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HomeMy WebLinkAbout6.h Expenditures from Donation Account for Parks and Recreation DepartmentAGENDA ITEM: Expenditure Approval from the Donation Account Parks Recreation Dept. AGENDA SECTION: Consent PREPARED BY: Dan Schultz, Parks Recreation Director AGENDA NO. _hit 6 li ATTACHMENTS: Donation Revenue Worksheets APPROVED BY: 71—V RECOMMENDED ACTION: Motion to approve the expenditures listed below and detailed on the attached donation revenue worksheets. ACTION: EXPENDITURE AMOUNT USE /ITEM PURCHASED DONATION FROM $597.42 Veterans' Memorial Flags, etc. for Memorial Day Event Various $1,401.54 Misc. Bases, pitching rubbers, etc. RAAA, Various City Council Meeting Date: CITY OF ROSEMOUNT EXECUTIVE SUMMARY FOR ACTION May 3, 2005 SUMMARY Please consider the expenditure of funds from the Donation Account for the above items. RECEIPT OF DONATION DONATION REVENUE WORKSHEET Donation Received on: Various Amount Received: Various Receipt for Donation: N/A Purpose of Donation: Veterans' Memorial Account for Donation: 101 22223.00 (Must be Liability assigned for each individual Department.) Amount to be Spent: To be Spent from Acct EXPENDITURE OF DONATION $597.42 101- 45100 -01- 439.00 (Must be Expenditure corresponding to individual Department.) Purpose of Expenditure: AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101- 36230.00: $597 42 Amend Expenditure Acct #101- 45100 -01- 439.00 $597.42 (The two dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Debit: 101 -22223 00 (Donation Liability $597.42 Credit: 101- 36230.00 $597.42 Veterans' Memorial Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on May 3, 2005 2 RECEIPT OF DONATION Donation Received on: Amount Received: Receipt for Donation: Purpose of Donation: Amount to be Spent: To be Spent from Acct Purpose of Expenditure: Amend Donation Revenue Acct #101- 36230.00: Amend Expenditure Acct #101 45100 -01- 439.00 (The two- dollar amounts should be the same.) DONATION REVENUE WORKSHEET Various Various NIA Miscellaneous Account for Donation: 101 22223.00 (Must be Liability assigned for each individual Department.) EXPENDITURE OF DONATION $1,401 54 101- 45100 -01- 439.00 (Must be Expenditure corresponding to individual Department.) Miscellaneous AMENDMENT OF BUDGETS $1,401.54 $1,401.54 GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Debit: 101 22223.00 (Donation Liability $1,401.54 Credit: 101- 36230.00 $1,401.54 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on May 3, 2005. 3