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HomeMy WebLinkAbout6.m. Expenditure Approval from the Donation Account - Parks & Recreation Dept.EXPENDITURE AMOUNT USE /ITEM PURCHASED DONATION FROM $250.00 Sam's Club Run for the Gold America's Fitness Center $200.00 First State Bank of Rosemount Coins for Blarney Stone Hunt. CF Industries $146.30 Country Flags, Ace Hardware, Sam's Club Supplies and Flags for Memorial Day Event Various $596.30 TOTAL AGENDA ITEM: Expenditure Approval from the Donation Account Parks Recreation Dept. AGENDA SECTION: Consent PREPARED BY: Dan Schultz, Parks Recreation Director AGENDA NO. b.11i, ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: 0 RECOMMENDED ACTION: Motion to approve the donation expenditure of $250 for the annual Run for the Gold event; $200 for the Blarney Stone Hunt; and $645 for the Leprechaun Days Battle of the Bands and $146.30 for the annual Memorial Day event. 4 ROSEMOUNT CITY COUNCIL City Council Special Meeting: August 4, 2008 EXECUTIVE SUMMARY SUMMARY Please consider the expenditure of funds from the Donation Account for the above items. RECEIPT OF DONATION Donation Received on: Amount Received: Receipt for Donation: Purpose of Donation: DONATION REVENUE WORKSHEET $250.00 N/A Run for the Gold Supplies 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: 08 -04 -08 Americas Fitness Center EXPENDITURE OF DONATION $250.00 (Must be Expenditure corresponding to individual Department.) Debit: 101 22223.00 (Donation Liability $250.00 Credit: 101- 36230.00 $250.00 101- 45100 -01- 439.00 Run for the Gold Supplies AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101 36230.00: $250.00 Amend Expenditure Acct #101 45100 -01- 439.00 $250.00 (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 August 4, 2008. DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received on: Amount Received: Receipt for Donation: Purpose of Donation: Purpose of Expenditure: Various Various N/A Account for Donation: 101- 22223.00 (Must be Liability assigned for each individual Department.) Leprechaun Days Blamey Stone Hunt EXPENDITURE OF DONATION Amount to be Spent: $200.00 To be Spent from Acct 101- 45100 -01- 439.00 (Must be Expenditure corresponding to individual Department.) AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101 36230.00: $200.00 Amend Expenditure Acct #101 45100 -01- 439.00 $200.00 (The two- dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY Debit: 101 22223.00 (Donation Liability $200.00 Credit: 101- 36230.00 $200.00 Leprechaun Days Blarney Stone Hunt Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on August 4. 2008. 3 RECEIPT OF DONATION Donation Received on: Amount Received: Receipt for Donation: Purpose of Donation: DONATION REVENUE WORKSHEET Various Various 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: Vets' Memorial Memorial Day Event Supplies EXPENDITURE OF DONATION $146.30 (Must be Expenditure corresponding to individual Department.) Amend Donation Revenue Acct #101 36230.00: $146.30 Amend Expenditure Acct #101 45100 -01- 439.00 $146.30 (The two- dollar amounts should be the same.) Debit: 101 22223.00 (Donation Liability $146.30 Credit: 101 36230.00 $146.30 101- 45100 -01- 439.00 Vets' Memorial Memorial Day Event Supplies 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 August 4. 2008. 4