HomeMy WebLinkAbout6.d. Accept Donations To and Appove Exenditure of Funds From the Police Equipment FundAGENDA ITEM: Accept Donations To and Approve
Expenditure of Funds From the Police
Equipment Fund
AGENDA SECTION:
Consent
PREPARED BY: Gary Kalstabakken, Chief of Polic=
AGENDA NO. 104.
ATTACHMENTS: Worksheets
APPROVED BY: Dp.)
RECOMMENDED ACTION: Motion to authorize expenditure of funds in the amount of
$1285.45 from the Police Equipment Fund for the purpose of purchasing commemorative
badges for police and accept three (3) donations of $100 each to the Police Equipment
Fund.
4 ROSEMOUNT
CITY COUNCIL
City Council Meeting: September 16, 2008
EXECUTIVE SUMMARY
Council is asked to approve the expenditure of funds from the Police Equipment Fund for the purpose of
purchasing badges for the police officers. The badges are commemorative badges for the City's 150 year
anniversary and are modeled after one of the badges worn by Rosemount officers in the 1950s. There are
sufficient funds available in the Equipment Fund from donations. The total amount requested is $1285.45.
Officers have each paid a portion of the cost for the commemorative badge. Equipment Fund monies will
be used to cover the balance of the cost.
Donations were sought to offset the cost of the commemorative badges. Council is asked to accept the
following donations that have been received and designated for the purchase of the badges:
$100 Rosemount McDonalds Mr. Steve Kopel
$100 Terry's Ace Hardware Chuck and Darlene Terry
$100 Bernice Wenzel
RECEIPT OF DONATION
Donation Received On: September 16, 2008
Amount Received: $300
Purpose of Donation: Commemorative Badges
Account for Donation: 101 22222
DONATION REVENUE WORKSHEET
(Must be Liability Assigned for Each Individual Department)
EXPENDITURE OF DONATION
Amount to be Spent: $1285.45
To be Spent from Account #:101 42110 01 208.02
(Must be Expenditure Corresponding to Individual Department)
Purpose of Expenditure: Police reserve officer badges
AMENDMENT OF BUDGETS
Amend Donation Revenue Account #101 36230.00: $1285.45
Amend Expenditure Account #101 -22222 $1285.45
(The Two Dollar Amounts Must be the Same)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY
Debit: #101 -22222 (Donation Liability $1285.45
Credit:101- 36230.00 $1285.45
Journal entry to reduce deferred donation revenue account and increase donation
revenue account to actual per City Council action on: September 16, 2008