HomeMy WebLinkAbout6.h. Expenditure Approval from the Donation Account - Parks & Recreation Dept.EMOUNTEXECUTIVE SUMMARY
CITY COUNCIL
City Council Regular Meeting: June 15, 2010
AGENDA ITEM: Expenditure Approval from the Donation
AGENDA SECTION:
Account — Parks & Recreation Dept.
Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director
AGENDA NO. 6•h.
ATTACHMENTS: Donation Revenue Worksheet
APPROVED BY:
RECOMMENDED ACTION: Motion to approve the donation expenditure of $524.70 for
supplies for the annual Memorial Day event.
EXPENDITURE
DONATION
AMOUNT
USE /ITEM PURCHASED
FROM
$524.70
Cub, Sam's Club, Reinhart Foods, Velvet Tones, BP
Various
Amoco — Supplies for Memorial Day Event
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 - Memorial Day Event Supplies
Account # for Donation:
101 - 22223.00
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent:
$524.70
To be Spent from Acct #:
101- 45100 -01- 439.00
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure:
Vets' Memorial - Memorial Day Event Supplies
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.)
$524.70
$524.70
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101 - 22223.00 (Donation Liability #) $524.70
Credit: 101- 36230.00 $524.70
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on June 15, 2010.
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