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HomeMy WebLinkAbout6.h. Expenditure Approval from the Donation Account - Parks & Recreation Dept.AGENDA ITEM: Expenditure Approval from the Donation Account Parks Recreation Dept. AGENDA SECTION: Consent PREPARED BY: Dan Schultz, Parks Recreation Director AGENDA NO. (0.[1. ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: OW RECOMMENDED ACTION: Motion to approve the donation expenditure of $240.56 for the annual Run for the Gold event EXPENDITURE AMOUNT USE /ITEM PURCHASED DONATION FROM $240.56 Sam's Club Run for the Gold America's Fitness Center 4 ROSEMOUNT CITY COUNCIL City Council Special Meeting: August 3, 2009 EXECUTIVE SUMMARY SUMMARY Please consider the expenditure of funds from the Donation Account for the above item. RECEIPT OF DONATION Donation Received on: Amount Received: Receipt for Donation: Purpose of Donation: (Must be Liability assigned for each individual Department.) Amount to be Spent: To be Spent from Acct Purpose of Expenditure: DONATION REVENUE WORKSHEET $240.56 N/A Debit: 101 22223.00 (Donation Liability $240.56 Credit: 101- 36230.00 $240.56 08 -03 -09 Americas Fitness Center Run for the Gold Supplies Account for Donation: 101- 22223.00 EXPENDITURE OF DONATION $240.56 101- 45100 -01- 439.00 (Must be Expenditure corresponding to individual Department.) Run for the Gold Supplies AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101 36230.00: $240.56 Amend Expenditure Acct #101- 45100 -01- 439.00 $240.56 (The two- dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on August 3, 2009. 2