HomeMy WebLinkAbout6.d. Expenditure Approval from the Donation Account – Parks & Recreation Dept
EXECUTIVE SUMMARY
City Council Regular Meeting: December 6, 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.d.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: ddj
RECOMMENDED ACTION: Motion to approve the donation expenditure of $2,000 toward
the cost of dugout covers at Shannon Park.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$2,000
J & K Construction – dugout covers at Shannon Park
RAAA
SUMMARY
Please consider the expenditure from the Donation Account for the above item.
2
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 10-27-16 Rosemount Area Athletic Assoc.
Amount Received: $20,900 Receipt # for Donation: Purpose of Donation: Misc – J & K Construction – dugout covers at
Shannon Park Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $2,000
To be Spent from Acct #:
101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Misc – J & K Construction – dugout covers at
Shannon Park AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $2,000
Amend Expenditure Acct #101-45100-01-439.00
$2,000 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $2,000 Credit: 101-36230.00 $2,000 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on December 6, 2016.