HomeMy WebLinkAbout6.j. Expenditure of Donation from Dakota ElectricAGENDA ITEM: Expenditure of Donation from Dakota
Electric
AGENDA SECTION:
Consent Agenda
PREPARED BY: Kim Lindquist, Community Development
Director
AGENDA NO. (i.j.
ATTACHMENTS: Donation Revenue Worksheet
APPROVED BY: Dam
RECOMMENDED ACTION: Motion to approve an expenditure of $254 from the donation
received from Dakota Electric to be used for marketing opportunities associated with the
IAMC Conference.
9 ROSEMOUNT
CITY COUNCIL
City Council Regular Meeting: April 21, 2009
EXECUTIVE SUMMARY
DISCUSSION
A donation in the amount of $5000 was received from Dakota'Electric to be used in conjunction
with the City's economic development efforts. Dakota Electric annually contributes to City
economic development efforts including past expenditures for technology upgrades, Downtown
Redevelopment planning, City marketing, and payment to consultants for work on the St. Joseph's
Task Force work. This year, the donation will allow the City to participate in the IAMC Conference
marketing opportunity being made available by Positively MN, which will be held in August, 2009.
The City of Rosemount is partnering with the cities of Burnsville and Apple Valley to create a joint
participation in the IAMC Conference. A marketing brochure was prepared to display at the
conference. The design and printing of the brochure came to an expense of $760.00 which will be
shared equally by the three cities giving the City of Rosemount an expenditure amount of $254.00
towards the donation received from Dakota Electric.
RECOMMENDATION
Motion to approve the expenditure of $254.00 from the donation funds received from Dakota
Electric.
RECEIPT OF DONATION
Donation Received on:
Amount Received:
Receipt for Donation:
Purpose of Donation:
Account for Donation:
Amount to be Spent:
To be Spent from Acct
Purpose of Expenditure:
DONATION REVENUE WORKSHEET
(Must be Liability assigned for each individual Department.)
EXPENDITURE OF DONATION
$254.00
Debit: 101 -22225 (Donation Liability $254.00
Credit: 101- 36230.00 $254.00
101- 41910 -01- 433.10
(Must be Expenditure corresponding to individual Department.)
IAMC Brochure
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101 36230.00: $254.00
Amend Expenditure Acct #101 41910 -01- 433.10 $254.00
(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 April 21, 2009