HomeMy WebLinkAbout6.d. Expenditure Approval from the Donation Account - Parks & Recreation Dept.4ROSEMOUNTEXECUTIVE SUMMARY
CITY COUNCIL
City Council Regular Meeting: April 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.
ATTACHMENTS: Donation Revenue Worksheet
APPROVED BY:
RECOMMENDED ACTION: Motion to approve the donation expenditure $1,597.01 for the
Spring Egg Hunt that was held on March 27, 2010, as detailed on the attached donation
revenue worksheet.
EXPENDITURE
AMOUNT
USE /ITEM PURCHASED
DONATION
FROM
$1,597.01
Sam's Club — Egg Hunt Supplies .
Rosemount Lions
SUMMARY
Please consider the expenditure of funds from the Donation Account for the above item.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 11 -06 -09
Amount Received: $2000 — Lions Club of Rosemount
Receipt # for Donation: # N/A
Purpose of Donation:
Egg Hunt — Sam's Club - Supplies
Account # for Donation: 101 - 22223.00
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $1597.01
To be Spent from Acct #: 101 - 45100 -01- 439.00
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Egg Hunt — Sam's Club - 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.)
$1597.01
$1597.01
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101 - 22223.00 (Donation Liability #) $1597.01
Credit: 101- 36230.00 $1597.01
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on April 20, 2010.
2