HomeMy WebLinkAbout6.g. Receive Donation - Police Equipment Fund 4 ROSEMOUNT EXECUTIVE SUMMARY
CITY COUNCIL
City Council Meeting: July 15, 2008
AGENDA ITEM: Receive Donation Police Equipment AGENDA SECTION:
Fund Consent
PREPARED BY: Gary Kalstabakken, Chief of Police AGENDA NO. t it. n
ATTACHMENTS: Worksheet APPROVED BY:
RECOMMENDED ACTION: Motion to accept a donation in the amount of $100 to the
police equipment fund.
The Police Department has received $100 as a donation to the Police Equipment Fund. This donation
was received from Residential Mortgage Group (RMG). RMG has a program called "Refer a Friend, Build
your community." Through this program, clients of RMG may choose a school, police or fire department
to receive a donation from RMG. A client recently chose the police department to receive this donation.
Council is only being asked to accept the donation at this time. Any expenditure from the Equipment
Fund will be brought to the Council for approval at a future meeting.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received On: July 15, 008
Amount Received: $100
Purpose of Donation: Undesignated
Account for Donation: 101 22222
(Must be Liability Assigned for Each Individual Department)
EXPENDITURE OF DONATION
Amount to be Spent: $0
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
Amend Expenditure Account #101 -22222 $0
(The Two Dollar Amounts Must be the Same)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY
Debit: #101 22222 (Donation Liability 0
Credit:101- 36230.00 0
Journal'entry to reduce deferred donation revenue account and increase donation
revenue account to actual per City Council action on: July 15, 2008