Loading...
HomeMy WebLinkAbout6.d. Expenditure Approval from the Donation Account - Parks & Recreation Dept.4 ROSEMOUNT EXECUTIVE SUMMARY CITY COUNCIL City Council Regular Meeting: April 19, 2011 AGENDA ITEM: Expenditure Approval from the Donation AGENDA SECTION: Account — Parks & Recreation Dept. Consent PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO.'Q.d. ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: 4 RECOMMENDED ACTION: Motion to approve the donation expenditure of $1,334.74 for the Spring Egg Hunt as detailed on the attached donation revenue worksheet. EXPENDITURE AMOUNT USE /ITEM PURCHASED DONATION FROM $1,334.74 Sam's Club — Egg Hunt Supplies Rosemount Lions SUMMARY Please consider the expenditure of funds from the Donation Account for the above item. DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received on: 10 -19 -10 Amount Received: $2000 — Lions Club of Rosemount Receipt # for Donation: # N/A Purpose of Donation: Egg Hunt — Sam's Club - Supplies Account # for Donation: 101- 22223.00 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION Amount to be Spent: $1,334.74 To be Spent from Acct #: 101- 45100 -01- 439.00 (Must be Expenditure # corresponding to individual Department.) Purpose of Expenditure: Egg Hunt — Sam's Club - Supplies AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101- 36230.00: Amend Expenditure Acct #101 - 45100 -01- 439.00 (The two - dollar amounts should be the same.) $1,334.74 $1,334.74 GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY # Debit: 101 - 22223.00 (Donation Liability #) $1,334.74 Credit: 101- 36230.00 $1,334.74 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on April 19 1, 2011 K