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. k,
ATTACHMENTS: Donation Revenue Worksheet
APPROVED BY: pad
RECOMMENDED ACTION: Motion to approve the donation expenditure of $500 for Arbor
Day as detailed on the attached donation revenue worksheet.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$500.00
Cross Nursery Arbor Day
Dakota Electric
4 ROSEMOUNT
CITY COUNCIL
City Council Regular Meeting: May 17, 2011
EXECUTIVE SUMMARY
SUMMARY
Please consider the expenditure of funds from the Donation Account for the above item.
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
04 -05 -11
N/A
(Must be Liability assigned for each individual Department.)
Amend Donation Revenue Acct #101- 36230.00: $500
Amend Expenditure Acct #101 45100 -01- 439.00 $500
(The two- dollar amounts should be the same.)
Debit: 101 22223.00 (Donation Liability $500
Credit: 101- 36230.00 $500
$500 from Dakota Electric
Arbor Day —Cross Nursery
Account for Donation: 101- 22223.00
EXPENDITURE OF DONATION
$500
101- 45100 -01- 439.00
(Must be Expenditure corresponding to individual Department.)
Arbor Day —Cross Nursery
AMENDMENT OF BUDGETS
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on May 17, 2011.
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