HomeMy WebLinkAbout6.f. Donation Account Expenditure - DAREAGENDA ITEM: Donation Account Expenditure DARE
AGENDA SECTION:
Consent
PREPARED BY: Gary Kalstabakken, Chief of Poli
AGENDA NO. (j.r.
ATTACHMENTS: Worksheet
APPROVED BY: tuJ
RECOMMENDED ACTION: Motion to approve an expenditure from the DARE Donation
Account in the amount of $2050.21
4 ROSEMOUNT
City Council Meeting: June 2, 2009
CITY COUNCIL
EXECUTIVE SUMMARY
BACKGROUND
The DARE Fund was set up to accept donations designated for the Police Department's DARE program.
SUMMARY
The DARE program has been taught to all 5 graders at Rosemount Elementary, Shannon Park
Elementary and Saint Joseph's Catholic School this school year. Council is asked to approve the
expenditure of designated donated funds to purchase supplies for this school year's graduation ceremony
for the students. This includes tee shirts for each student, certificates, and various award items for selected
students in each classroom.
Council is asked to approve an expenditure of $2050.21 from the DARE accountl.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received On: June 2, 2009
Amount Received:
Purpose of Donation:
Account for Donation: 101 22221
(Must be Liability Assigned for Each Individual Department)
EXPENDITURE OF DONATION
Amount to be Spent: $2050.21
To be Spent from Account #:101 42110 01 208.02
(Must be Expenditure Corresponding to Individual Department)
Purpose of Expenditure:
AMENDMENT OF BUDGETS
Amend Donation Revenue Account #101 36230.00: $2050.21
Amend Expenditure Account #101 -22221 $2050.21
(The Two Dollar Amounts Must be the Same)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY
Debit: #101 -22221 (Donation Liability 2050.21
Credit:101- 36230.00 2050.21
Journal entry to reduce deferred donation revenue account and increase donation
revenue account to actual per City Council action on: June 2, 2009