HomeMy WebLinkAbout6.e. Expenditure Approval from the Donation Account - Parks & Recreation Dept.EXPENDITURE
AMOUNT
USE /ITEM PURCHASED
DONATION
FROM
$535.02
USA Inflatables Family Fun Fest Activities
Various
$118.31
Crown Rental Family Fun Fest Refreshments
(Sno Cone Machine and supplies)
Various
$275.00
AlphaBits Family Fun Fest Musical Entertainment
Various
$2,854.00
Haldeman -Homme Inc Glass Backboards with Hoops
RAAA
$3,782.33
TOTAL
AGENDA ITEM: Expenditure Approval from the Donation
Account Parks Recreation Dept.
AGENDA SECTION:
Consent
PREPARED BY: Dan Schultz, Parks Recreation Director
AGENDA NO. (Y••
ATTACHMENTS: Donation Revenue Worksheet
APPROVED BY: cGJ
RECOMMENDED ACTION: Motion to approve the donation expenditure of $928.33 for the
Family Fun Fest that was held on February 18, 2011 and $2,854 to be used toward the
purchase of new glass backboards with hoops for the Community Center Gym, as detailed
on the attached donation revenue worksheets.
4 ROSEMOUNT
CITY COUNCIL
City Council Regular Meeting: March 1, 2011
EXECUTIVE SUMMARY
SUMMARY
Please consider the expenditure of funds from the Donation Account for the above items.
RECEIPT OF DONATION
DONATION REVENUE WORKSHEET
Donation Received on: Various
Amount Received: Various
Receipt for Donation: N/A
Purpose of Donation:
Account for Donation: 101 22223.00
(Must be Liability assigned for each individual Department.)
Amount to be Spent:
To be Spent from Acct
Purpose of Expenditure:
Family Fun Fest AlphaBits, USA Inflatables,
Crown Rental
EXPENDITURE OF DONATION
$928.33
101- 45100 -01- 439.00
(Must be Expenditure corresponding to individual Department.)
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101 36230.00: $928.33
Amend Expenditure Acct #101 45100 -01- 439.00 $928.33
(The two- dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY
Debit: 101 22223.00 (Donation Liability $928.33
Credit: 101- 36230.00 $928.33
Family Fun Fest AlphaBits, USA Inflatables,
Crown Rental
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on March 1, 2011.
2
RECEIPT OF DONATION
Donation Received on:
Amount Received:
Receipt for Donation:
Purpose of Donation:
(Must be Liability assigned for each individual Department.)
Amount to be Spent:
To be Spent from Acct
Purpose of Expenditure:
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
February 2011 from RAAA
$2,854
N/A
Account for Donation: 101 22223.00
Misc Community Center Gym Backboards /Hoops
EXPENDITURE OF DONATION
$2,854
(Must be Expenditure corresponding to individual Department.)
AMENDMENT OF BUDGETS
Debit: 101 22223.00 (Donation Liability $2,854
Credit: 101- 36230.00 $2,854
101- 45100 -01- 439.00
Misc Community Center Gym Backboards /Hoops
$2,854
$2,854
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on March 1, 2011.
3