HomeMy WebLinkAboutg.h. DARE Donation Account - Approve DonationAGENDA ITEM: DARE Donation Account Approve
Donation
AGENDA SECTION:
Consent
PREPARED BY: Gary Kalstabakken, Chief of Polic
AGENDA NO. (0 .14.
ATTACHMENTS: Worksheet
APPROVED BY:
00)
RECOMMENDED ACTION: Motion to approve a donation for the DARE Donation Account
in the amount of $984.78 from the Father Carey Council No. 5569 Knights of Columbus.
4 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. A
fundraiser breakfast was recently held by the Knights of Columbus at St. Joseph's as a fundraiser for the
DARE program. This year's event raised $984.78. These funds will support the DARE program at St.
Joseph's for the next 3 -4 years.
RECOMMENDATION
Council is asked to accept the donation from the Father Carey Council No. 5569 Knights of Columbus for
the DARE program.
Donation Received On: May 3, 2011
Amount Received: $984.78
Purpose of Donation: DARE PROGRAM
Account for Donation: 101 22221
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
(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: May 3, 2011