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HomeMy WebLinkAbout3.c. Receive Donation - D.A.R.E. FundAGENDA ITEM: Receive Donation D.A.R.E. Fund AGENDA SECTION: Prnievaa -h VnS AGENDA NO. U. PREPARED BY: Gary Kalstabakken, Chief of Poli ATTACHMENTS: Worksheet Fr APPROVED BY: ea) RECOMMENDED ACTION: Motion to accept a donation in the amount of $1270 to the D.A.R.E. Fund from the Father Carey Council No 5569 Knights of Columbus. 4 ROSEMOUNT CITY COUNCIL City Council Meeting: May 19, 2009 EXECUTIVE SUMMARY BACKGROUND The D.A.R.E. Fund was set up to accept donations that are to be used to purchase classroom and instructional supplies for the D.A.R.E. program. SUMMARY Council is asked to accept a donation from the Knights of Columbus in the amount of $1270 for the D.A.R.E. program. Any expenditure of the funds will require Council approval and all funds will be used for D.A.R.E. related expenses. RECEIPT OF DONATION Donation Received On: May 19, 2009 Amount Received: $1270 Purpose of Donation: DARE Supplies Account for Donation: 101 22221 DONATION REVENUE WORKSHEET (Must be Liability Assigned for Each Individual Department) EXPENDITURE OF DONATION Amount to be Spent: $0.00 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: $0.00 Amend Expenditure Account #101 -22221 $0.00 (The Two Dollar Amounts Must be the Same) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Debit: #101 -22221 (Donation Liability 0.00 Credit:101- 36230.00 0.00 Journal entry to reduce deferred donation revenue account and increase donation revenue account to actual per City Council action on: May 19, 2009