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HomeMy WebLinkAbout6.f. Expenditure approval from the Donation Account - Parks & Recreation Dept.AGENDA ITEM: Expenditure Approval from the Donation Account Parks Recreation Dept. AGENDA SECTION: Consent PREPARED BY: Dan Schultz, Parks Recreation Director AGENDA NO. 14, ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: D� RECOMMENDED ACTION: Motion to approve the donation expenditure of $115.61 for the Spring Egg Hunt as detailed on the attached donation revenue worksheet. EXPENDITURE AMOUNT USE/ITEM PURCHASED DONATION FROM $104.94 Sam's Club Egg Hunt Supplies Rosemount Lions $10.67 Target Egg Hunt Supplies Rosemount Lions $115.61 TOTAL 4 ROSEMOUNT CITY COUNCIL City Council Regular Meeting: May 3, 2011 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: Amount to be Spent: To be Spent from Acct Purpose of Expenditure: DONATION REVENUE WORKSHEET 10 -19 -10 Account for Donation: 101 22223.00 $2000 Lions Club of Rosemount N/A (Must be Liability assigned for each individual Department.) Egg Hunt Sam's Club Target Supplies EXPENDITURE OF DONATION $115.61 101- 45100 -01- 439.00 (Must be Expenditure corresponding to individual Department.) Egg Hunt Sam's Club Target Supplies AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101 36230.00: $115.61 Amend Expenditure Acct #101 45100 -01- 439.00 $115.61 (The two- dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Debit: 101 22223.00 (Donation Liability $115.61 Credit: 101 36230.00 $115.61 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on May 3, 2011. 2