HomeMy WebLinkAbout6.e. Expenditure from Donation Account - Parks & Recreation Dept.ROSEMOUNTEXECUTIVE SUMMARY
CITY COUNCIL
City Council Regular Meeting: October 19, 2010
AGENDA ITEM: Expenditure Approval from the Donation
AGENDA SECTION:
Account — Parks & Recreation Dept.
Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director
AGENDA NO.
ATTACHMENTS: Donation Revenue Worksheet
APPROVED BY:
RECOMMENDED ACTION: Motion to approve the donation expenditure of $2,000 to
reimburse the Robert Trail Library/Dakota County Library for the purchase of books
associated with the "One Book, One Rosemount" event (co- sponsored by the Robert Trail
Library and the City of Rosemount) that is taking place during October, 2010.
EXPENDITURE
DONATION
AMOUNT
USE /ITEM PURCHASED
FROM
$2,000
Robert Trail Library/Dakota County Library —
PepsiCo/
Reimbursement for books (A Long Way Home From Chicago
Taco John's
by Richard Peck) for the "One Book, One Rosemount"
event.
SUMMARY
Please consider the expenditure of funds from the Donation Account for the above item.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on:
10 -06 -10
Amount Received:
$2,000 from PepsiCo/Taco John's
Receipt # for Donation:
# N/A
Purpose of Donation:
Reimburse Robert Trail /Dakota County Library
for books purchased for the "One Book, One
Rosemount" event
Account # for Donation:
101- 22223.00
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent:
$2,000
To be Spent from Acct #:
101- 45100 -01- 439.00
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Reimburse Robert Trail /Dakota County Library
for books purchased for the "One Book, One
Rosemount" event
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101 - 36230.00: $2,000
Amend Expenditure Acct #101 -451 00 -01- 439.00 $2,000
(The two - dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101 - 22223.00 (Donation Liability #) $2,000
Credit: 101- 36230.00 $2,000
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on October 19, 2010.
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