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HomeMy WebLinkAbout6.c. Expenditure Approval from the Donations Account for Parks & Recreation DepartmentEXPENDITURE AMOUNT USE /ITEM PURCHASED DONATION FROM $325 00 Matt Bruns, Mitch Siefert, Enc Hegemes Leprechaun Days Battle of the Bands Prize Awards Various $1,400 00 Transfer of Funds to the Leprechaun Days Comnuttee per Service Agreement AMF City Limits Lanes /Comm Charities of MN $1,725.00 TOTAL AGENDA ITEM: Expenditure Approval from the Donation Account Parks Recreation Dept AGENDA SECTION: Consent PREPARED BY: Dan Schultz, Parks Recreation Director AGE.'; 6 C ATTACHMENTS: Donation Revenue Worksheets APPROVED BY: RECOMMENDED ACTION: Motion to approve the expenditures listed below Id detailed on the attached donation revenue worksheets 4 ROSEMOUNT SUMMARY CITY COUNCIL City Council Regular Meeting August 16, 2005 EXECUTIVE SUMMARY Please consider the expenditure of funds from the Donation Account for the above items RECEIPT OF DONATION Donation Received on Amount Received Receipt for Donation Purpose of Donation Amount to be Spent To be Spent from Acct DONATION REVENUE WORKSHEET Various Various N/A Account for Donation 101 -22223 00 (Must be Liability assigned for each individual Department Youth Prog Battle of Bands EXPENDITURE OF DONATION $325 101- 45100 -01 -439 00 (Must be Expenditure corresponding to individual Department Purpose of Expenditure Youth Prog -Battle of Bands AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101 -36230 00 $325 Amend Expenditure Acct #101 45100- 01-439 00 $325 (The two dollar amounts should be the same GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Debit 101 -22223 00 (Donation Liability $325 Credit 101 -36230 00 $325 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on August 16, 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 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 07 -20 -05 N/A Account for Donation 101 -22223 00 (Must be Liability assigned for each individual Department AMF City Limits Lanes /Comm Charities of MN Misc—Lep Days Comm EXPENDITURE OF DONATION $1,400 00 101- 45100 -01 -439 00 (Must be Expenditure corresponding to individual Department Purpose of Expenditure Mist —Lep Days Comm AMENDMENT OF BUDGETS $1,400 00 $1,400 00 GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Debit 101 -22223 00 (Donation Liability $1,400 00 Credit 101 -36230 00 $1,400 00 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on August 16, 2005 3