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HomeMy WebLinkAbout6.f. Expenditure Approval from the Donations Account for Parks & RecreationEXPENDITURE AMOUNT USE /ITEM PURCHASED DONATION FROM $125.00 Rosemount Express Account Leprechaun Days Blarney Stone Hunt Various $300.00 Rosemount Express Account Entertainment for the Run for the Gold event. Various $425 00 TOTAL AGENDA ITEM: Expenditure Approval from the Donation Account Parks Recreation Dept. AGENDA SECTION: Consent PREPARED BY: Dan Schultz, Parks Recreation Director AGE%7 ATTACHMENTS: Donation Revenue Worksheets APPROVED BY: RECOMMENDED ACTION: Motion to approve the expenditures listed below and detailed on the attached donation revenue worksheets. 4 ROSEMOUNT CITY COUNCIL City Council Regular Meeting: July 19, 2005 EXECUTIVE SUMMARY 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: DONATION REVENUE WORKSHEET Various Various N/A Lep Days —Rsmt Exp Acct Account for Donation: 101 22223.00 (Must be Liability assigned for each individual Department.) EXPENDITURE OF DONATION Amount to be Spent: $125.00 To be Spent from Acct 101 45100- 01-439 00 (Must be Expenditure corresponding to individual Department.) Purpose of Expenditure: Debit: 101- 22223.00 (Donation Liability $125.00 Credit: 101 36230.00 $125.00 Lep Days —Rsmt Exp Acct AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101- 36230.00: $125.00 Amend Expenditure Acct #101-45100-01-439.00 $125.00 (The two- dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on July 19, 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 Various Various N/A Account for Donation: 101 22223.00 (Must be Liability assigned for each individual Department.) Run for the Gold -Rsmt Exp Acct EXPENDITURE OF DONATION $300.00 Debit 101 22223.00 (Donation Liability $300.00 Credit: 101 36230.00 $300.00 101 45100 -01- 439.00 (Must be Expenditure corresponding to individual Department.) Purpose of Expenditure: Run for the Gold -Rsmt Exp Acct AMENDMENT OF BUDGETS $300.00 $300.00 GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on July 19, 2005. 3