HomeMy WebLinkAbout6.g. Expenditure Approval from the Donation Account - Parks & Recreation Dept.IROSEMOUNTEXECUTIVE SUMMARY
CITY COUNCIL
City Council Regular Meeting: July 20, 2010
AGENDA ITEM: Expenditure Approval from the Donation
AGENDA SECTION:
Account — Parks & Recreation Dept.
Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director
AGENDA NO. l,(.
ATTACHMENTS: Donation Revenue Worksheet
APPROVED BY:
RECOMMENDED ACTION: Motion to approve the donation expenditure of $244.64 from
the Veterans' Memorial donation account for flags and flag poles.
EXPENDITURE
AMOUNT
USE /ITEM PURCHASED
DONATION
FROM
$95.61
Menards — flag poles
Various
$149.03
Office of Rep. John Kline — Flags
Various
$244.64
TOTAL
SUMMARY
Please consider the expenditure from the Donation Account for the above item.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: Various
Amount Received: Various
Receipt # for Donation: # N/A
Purpose of Donation:
Vets' Memorial — Flags and Flagpoles
Account # for Donation: 101- 22223.00
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $244.64
To be Spent from Acct #: 101 - 45100 -01- 439.00
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Vets' Memorial — Flags and Flagpoles
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.)
$244.64
$244.64
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101 - 22223.00 (Donation Liability #) $244.64
Credit: 101- 36230.00 $244.64
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on July 20, 2010.
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