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HomeMy WebLinkAbout6.f. Expenditure Approval from the Donation Account - Parks & Recreation Dept.EXPENDITURE AMOUNT USE /ITEM PURCHASED DONATION FROM $62.52 Dakota Awards Leprechaun Days Fishing Derby Trophies CF Industries $316.35 Fun Jumps Entertainment Inflatable Jumpers for Party in the Park Various $378.87 TOTAL AGENDA ITEM: Expenditure Approval from the Donation Account Parks Recreation Dept. AGENDA SECTION: Consent PREPARED BY: Dan Schultz, Parks Recreation Director AGENDA NO. 44, ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: oni RECOMMENDED ACTION: Motion to approve the donation expenditure of $62.52 for Leprechaun Days Fishing Derby trophies and $316.35 for inflatable jumpers for Wet N Wild Q Day. 4 ROSEMOUNT CITY COUNCIL City Council Regular Meeting: July 19, 2011 EXECUTIVE SUMMARY SUMMARY Please consider the expenditure from the Donation Account for the above items. RECEIPT OF DONATION Donation Received on: Amount Received: Receipt for Donation: Purpose of Donation: DONATION REVENUE WORKSHEET CF Industries 03 -01 -11 N/A Account for Donation: 101 22223.00 (Must be Liability assigned for each individual Department.) Amount to be Spent: To be Spent from Acct EXPENDITURE OF DONATION $62.52 101- 45100 -01- 439.00 (Must be Expenditure corresponding to individual Department.) Purpose of Expenditure: AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101- 36230.00: $62.52 Amend Expenditure Acct #101- 45100 -01- 439.00 $62.52 (The two- dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Debit: 101 22223.00 (Donation Liability $62.52 Credit: 101- 36230.00 $62.52 Fishing Derby Supplies Trophies Lep Days Fishing Derby Supplies Trophies Lep Days Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on July 19, 2011. 2 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 Various Various N/A Account for Donation: 101 22223.00 (Must be Liability assigned for each individual Department.) Wet N Wild Day Inflatable Jumper Youth Prg EXPENDITURE OF DONATION $316.35 101- 45100 -01- 439.00 (Must be Expenditure corresponding to individual Department.) AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101 36230.00: $316.35 Amend Expenditure Acct #101 45100 -01- 439.00 $316.35 (The two- dollar amounts should be the same.) Debit: 101 22223.00 (Donation Liability $316.35 Credit: 101- 36230.00 $316.35 Wet N Wild Day Inflatable Jumper Youth Prg GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on July 19, 2011. 3