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HomeMy WebLinkAbout6.b. Expenditure Approval from the Donation Account - Parks & Recreation Dept.EXPENDITURE AMOUNT USE /ITEM PURCHASED DONATION FROM $114.00 Pizza Man Pizzas for Teen Night 1' State Bank of Rosemount $12,000.00 St. Croix Recreation Brockway Park Shelter Lions Club of Rosemount $12,114.00 Total AGENDA ITEM: Expenditure Approval from the Donation Account Parks Recreation Dept. AGENDA SECTION: Consent PREPARED BY: Dan Schultz, Parks Recreation Director AGENDA NO. 6, b. ATTACHMENTS: Donation Revenue Worksheets APPROVED BY: otiJ RECOMMENDED ACTION: Motion to approve the donation expenditures of $114.00 for Teen Night and $12,000 for the shelter building at Brockway Park. i 4 ROSEMOUNT CITY COUNCIL City Council Regular Meeting: October 20, 2009 SUMMARY EXECUTIVE SUMMARY Please consider the expenditure from the Donation Account for the above items. RECEIPT OF DONATION Donation Received on: Amount Received: Receipt for Donation: Purpose of Donation: Account for Donation: 101 22223.00 (Must be Liability assigned for each individual Department.) Amount to be Spent: To be Spent from Acct Purpose of Expenditure: DONATION REVENUE WORKSHEET Various N/A EXPENDITURE OF DONATION $114.00 (Must be Expenditure corresponding to individual Department.) AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101 36230.00: $114 Amend Expenditure Acct #101 45100 -01- 439.00 $114 (The two- dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Debit: 101 22223.00 (Donation Liability $114 Credit: 101- 36230.00 $114 1St State Bank of Rosemount Teen Night Pizza Man 101- 45100 -01- 439.00 Teen Night Pizza Man Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on October 20, 2009. 2 RECEIPT OF DONATION Donation Received on: Amount Received: Receipt for Donation: Purpose of Donation: DONATION REVENUE WORKSHEET N/A Account for Donation: 101- 22223.00 (Must be Liability assigned for each individual Department.) Amount to be Spent: To be Spent from Acct (Must be Expenditure corresponding to individual Department.) Purpose of Expenditure: Amend Donation Revenue Acct #101 36230.00: $12,000 Amend Expenditure Acct #101- 45100 -01- 439.00 $12,000 (The two- dollar amounts should be the same.) Debit: 101 22223.00 (Donation Liability $12,000 Credit: 101- 36230.00 $12,000 Rcvd 03 -16 -09 approved 05/20/09 $12,000 from Lions Club of Rosemount Miscellaneous Acct Brockway Park Shelter EXPENDITURE OF DONATION $12,000 101- 45100 -01- 439.00 Miscellaneous Acct Brockway Park Shelter AMENDMENT OF BUDGETS GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on October 20, 2009. 3