HomeMy WebLinkAbout6.h. Receive Donation - Police Equipment FundAGENDA ITEM: Receive Donation Police Equipment
Fund
A NDA SE CTIIO
li
PREPARED BY: Gary Kalstabakken, Chief of Poli
AGENDA NO. WA
ATTACHMENTS: Worksheet
APPROVED BY:
>7oj
RECOMMENDED ACTION: Motion to accept a donation in the amount of $1000 to the
Police Equipment Fund from the American Legion Post #65.
4 ROSEMOUNT
City Council Meeting: July 5, 2011
CITY COUNCIL
EXECUTIVE SUMMARY
BACKGROUND
The Police Equipment Fund has been set up for the purpose of receiving donations received that are
designated for the Police Department. Expenditures from this account are only made after approval is
received from the City Council.
ISSUE
The Council is being asked to accept a donation in the amount of $1000 from the Rosemount American
Legion Post #65. Donated funds are from the Legion's gambling funds.
These funds are being designated for the purpose of purchasing bike helmets or other prizes for safety
presentations held for children in the community by the Police Department and for expenses related to a
teen dance held during Leprechaun Days and staffed by Legion members and Police Reserve Officers.
RECOMMENDATION
Staff recommends the acceptance of both donations.
Purpose of Donation: Bike helmets, prizes, food for youth events
Account for Donation: 101 22222
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received On: July 5, 2011
Amount Received: $1000.00
(Must be Liability Assigned for Each Individual Department)
EXPENDITURE OF DONATION
Amount to be Spent: 1000.00
To be Spent from Account #:101 42110 01 208.02
(Must be Expenditure Corresponding to Individual Department)
Purpose of Expenditure: Bike helmets, prizes, food
AMENDMENT OF BUDGETS
Amend Donation Revenue Account #101 36230.00: 1000.00
Amend Expenditure Account #101 -22222 1000.00
(The Two Dollar Amounts Must be the Same)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY
Debit: #101 -22222 (Donation Liability 1000.00
Credit:101- 36230.00 1000.00
Journal entry to reduce deferred donation revenue account and increase donation
revenue account to actual per City Council action on: July 5, 2011