HomeMy WebLinkAbout6.e. Receive Donation and Authorize Expenditure of Funds for AdministrationCITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
City Council Meeting Date February 1, 2005
AGENDA ITEM: Receive Donation and Authorize
AGENDA SECTION:
Expenditure of Funds
CONSENT
PREPARED BY: Jamie Verbrugge, City Administrator
AGE d 0. �1,
ATTACHMENTS: Donation Revenue Worksheet
APPROVED BY:
RECOMMENDED ACTION Motion to approve receiving the donation of $500,000
from
SKB Environmental- Rosemount Community Trust for the acquisition of land for future
library and to authorize the expenditure of same funds for the purchase of the St
Joseph
campus propert
ACTION:
ISSUE
Receive donation and authorize expenditure.
BACKGROUND
The SKB Environmental- Rosemount Community Trust has donated $500,000 to the City of
Rosemount to assist with the acquisition of land for a future library site The City Council
recognized the Trust Fund's Board at the January 18 regular meeting of the Rosemount City
Council
The City Council authorized the purchase and lease agreements related to the acquisition of
property belonging to the Church of St Joseph in the 14300 blocks of South Robert Trail and
Cameo Avenue City staff has scheduled a closing on the purchase for Tuesday, February 1
at 8 30 a m
SUMMARY
This is a request for Council to receive the donation listed above and authorize the
expenditure of same funds
I
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received On I- I-
Amount Received so t3, J10
Purpose of Donation
Account for Donation 96,k 3b a30. ;Z! (D
(Must be Liability Assigned for Each Individual Department)
EXPENDITURE OF DONATION
Amount to be Spent 5 O 1 6 0
To be Spent from Account
(Must be Expenditure Corresponding to Individual Department)
Purpose of Expenditure u2C3t ST-
AMENDMENT OF BUDGETS
Amend Donation Revenue Account #101 -36230 00 In 0. 010.0 J
Amend Expend itureAccount ,P-D4 -g9Q6A -cal Ql \I�
(The Two Dollar Amounts Must be the Same)
GEtjE7URNAL ENTRY TO ADJUST DONATIO ILITY
Debit (Donation Liabil i
Credit 101 -36230 00
Journal entry to reduc e donation reve account and increase donation 1
revenue accgian to actual per City Council action on