HomeMy WebLinkAbout6.i. Donation Account Expenditure - DAREAGENDA ITEM: Donation Account Expenditure DARE
AG N consenn t t SECTION:
PREPARED BY: Gary Kalstabakken, Chief of Police
AGENDA NO.
ATTACHMENTS: Worksheet
APPROVED BY:
ooJ
RECOMMENDED ACTION: Motion to approve an expenditure from the DARE Donation
Account in the amount of $155.52.
ROSEMOUNT
City Council Meeting: May 3, 2011
CITY COUNCIL
EXECUTIVE SUMMARY
BACKGROUND
The DARE Fund was set up to accept donations designated for the Police Department's DARE program.
ISSUE
The DARE program is taught to all 5 graders at Saint Joseph's Catholic School during the school year.
Council is asked to approve the expenditure of designated donated funds used to purchase tee shirts,
recognition awards and other supplies used at the DARE graduations.
RECOMMENDATION
Council is asked to approve an expenditure of $155.52 from the DARE account.
Donation Received On: Mav 3, 2011
Amount Received: $984.78
Account for Donation: 101 22221
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Purpose of Donation: DARE PROGRAM
(Must be Liability Assigned for Each Individual Department)
EXPENDITURE OF DONATION
Amount to be Spent: $155.52
To be Spent from Account #:101 42110 01 208.01
Purpose of Expenditure: DARE graduation tee shirts, awards, misc.
AMENDMENT OF BUDGETS
Amend Donation Revenue Account #101 36230.00: $155.52
Amend Expenditure Account #101 -22222 $155.52
(The Two Dollar Amounts Must be the Same)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY
Debit: #101 -22221 (Donation Liability $155.52
Credit:101- 36230.00 $155.52
Journal entry to reduce deferred donation revenue account and increase donation
revenue account to actual per City Council action on: Mav 3, 2011