HomeMy WebLinkAbout6.g. Expenditure Approval fron the Donation Account - Parks & Recreation Dept.EXPENDITURE
AMOUNT
USE /ITEM PURCHASED
DONATION
FROM
$241.12
Sam's Club Run for the Gold Supplies
Olympus 24 Hour
$200.00
First State Bank of Rosemount Coins for Blarney Stone
Hunt.
CF Industries
$450.00
TOTAL
AGENDA ITEM: Expenditure Approval from the Donation
Account Parks Recreation Dept.
AGENDA SECTION:
Consent
PREPARED BY: Dan Schultz, Parks Recreation Director
AGENDA NO.
(0. G
ATTACHMENTS: Donation Revenue Worksheet
9J
APPROVED BY:
PM
RECOMMENDED ACTION: Motion to approve the donation expenditure of $241.12 for the
annual Run for the Gold event and $200 for the Blarney Stone Hunt.
4 ROSEMOUNT
CITY COUNCIL
City Council Regular Meeting: August 1, 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
08 -01 -11 Olympus 24 Hour
$250.00
N/A
(Must be Liability assigned for each individual Department.)
(Must be Expenditure corresponding to individual Department.)
Debit: 101 22223.00 (Donation Liability $250.00
Credit: 101- 36230.00 $250.00
Run for the Gold Supplies
Account for Donation: 101 22223.00
EXPENDITURE OF DONATION
$250.00
101- 45100 -01- 439.00
Run for the Gold Supplies
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101 36230.00: $250.00
Amend Expenditure Acct #101 45100 -01- 439.00 $250.00
(The two- dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on August 1, 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
200.00
N/A
Account for Donation: 101 22223.00
(Must be Liability assigned for each individual Department.)
02 -16 -11 CF Industries
Leprechaun Days Blarney Stone Hunt
EXPENDITURE OF DONATION
$200.00
101- 45100 -01- 439.00
(Must be Expenditure corresponding to individual Department.)
Leprechaun Days Blarney Stone Hunt
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101 36230.00: $200.00
Amend Expenditure Acct #101 45100 -01- 439.00 $200.00
(The two- dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY
Debit: 101 22223.00 (Donation Liability $200.00
Credit: 101- 36230.00 $200.00
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on Auaust 1, 2011.
3