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HomeMy WebLinkAbout6.o. Approval Expenditure of Funds From the Police Equipment Fund9 ROSEMOUNT CITY COUNCIL City Council Meeting: October 7, 2008 EXECUTIVE SUMMARY Council is asked to approve the expenditure of funds from the Police Equipment Fund for the purpose of purchasing body armor for Officer Jason Waage. The total amount requested is $1410.88. Funds are available in the Equipment Fund to cover this expense. In addition, a reimbursement program through the Department of Justice will reimburse one -third of the cost to the City and these funds will be returned to the Equipment Fund when received. AGENDA ITEM: Approve Expenditure of Funds From the Police Equipment Fund 1 AGENDA SECTION: onsent PREPARED BY: Gary Kalstabakken, Chief of P 1 1 A DA NO. (..o. ATTACHMENTS: Worksheet APPROVED BY: RECOMMENDED ACTION: Motion to authorize expenditure of funds in the amount of $1410.88 from the Police Equipment Fund for the purpose of purchasing body armor. 9 ROSEMOUNT CITY COUNCIL City Council Meeting: October 7, 2008 EXECUTIVE SUMMARY Council is asked to approve the expenditure of funds from the Police Equipment Fund for the purpose of purchasing body armor for Officer Jason Waage. The total amount requested is $1410.88. Funds are available in the Equipment Fund to cover this expense. In addition, a reimbursement program through the Department of Justice will reimburse one -third of the cost to the City and these funds will be returned to the Equipment Fund when received. DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received On: Amount Received: Purpose of Donation: Account for Donation: 101 22222 (Must be Liability Assigned for Each Individual Department) EXPENDITURE OF DONATION Amount to be Spent: $1410.88 To be Spent from Account #:101 42110 01 208.02 (Must be Expenditure Corresponding to Individual Department) Purpose of Expenditure: body Armor for Officer Waage AMENDMENT OF BUDGETS Amend Donation Revenue Account #101- 36230.00: $1410.88 Amend Expenditure Account #101 -22222 $1410.88 (The Two Dollar Amounts Must be the Same) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Debit: #101 -22222 (Donation Liability $1410.88 Credit:101- 36230.00 $1410.88 Journal entry to reduce deferred donation revenue account and increase donation revenue account to actual per City Council action on: October 7, 2008