HomeMy WebLinkAbout6.i. Expenditure Approval from the Donation Account - Parks & Recreation Dept.ROSEMOUNTEXECUTIVE SUMMARY
CITY COUNCIL
City Council Special Meeting: November 1, 2010
AGENDA ITEM: Expenditure Approval from the Donation
AGENDA SECTION:
Account — Parks & Recreation Dept.
Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director
r
AGENDA NO.
ATTACHMENTS: Donation Revenue Worksheet
APPROVED BY:
RECOMMENDED ACTION: Motion to approve the donation expenditure of $500.00 from
the Run for the Gold donation account to reimburse the City of Eagan for postage for the
first SORR Ground Pounders running series mailing.
EXPENDITURE
DONATION
AMOUNT
USE /ITEM PURCHASED
FROM
City of Eagan — Reimbursement for postage for first SORR
$500.00
Ground Pounders running series mailing.
I Life Wellness Ctr
SUMMARY
Please consider the expenditure from the Donation Account for the above item.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on:
09 -08 -10
Amount Received:
$1500 from Life Wellness Center
Receipt # for Donation:
# N/A
Purpose of Donation:
Run for the Gold — Ground Pounders Mailing —
City of Eagan
Account # for Donation:
101 - 22223.00
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent:
$500
To be Spent from Acct #:
101 - 45100 -01- 439.00
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure:
Run for the Gold — Ground Pounders Mailing —
City of Eagan
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101- 36230.00:
Amend Expenditure Acct #101- 45100 -01- 439.00
(The two - dollar amounts should be the same.)
$500
$500
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101 - 22223.00 (Donation Liability #) $500
Credit: 101- 36230.00 $500
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on November 1, 2010.
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