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HomeMy WebLinkAbout6.f. Expenditure Approval from the Donation Account - Parks & RecreationAGENDA ITEM: Expenditure Approval from the Donation Account Parks Recreation Dept. AGENDA SECTION: Consent PREPARED BY: Dan Schultz, Parks Recreation Director AGENDA NO. e1 ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: 0W RECOMMENDED ACTION: Motion to approve the donation expenditure of $275.00 for the Family Fun Fest that was held at the Rosemount Community Center on February 20, 2009. EXPENDITURE AMOUNT USE /ITEM PURCHASED DONATION FROM $275.00 Rosemount Express Account Entertainment for Family Fun Fest (Alpha Bits Band) Rosemount Lions I ROSEMOUNT CITY COUNCIL City Council Regular Meeting: March 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: DONATION REVENUE WORKSHEET Rosemount Lions Club $275.00 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 Purpose of Expenditure: Family Fun Fest Alpha Bits Band EXPENDITURE OF DONATION $275.00 101- 45100 -01- 439.00 (Must be Expenditure corresponding to individual Department.) Family Fun Fest Alpha Bits Band AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101 36230.00: $275.00 Amend Expenditure Acct #101 45100 -01- 439.00 $275.00 (The two- dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Debit: 101 22223.00 (Donation Liability $275.00 Credit: 101- 36230.00 $275.00 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on March 3, 2009. 2