HomeMy WebLinkAbout6.e. Expenditure from Donation Account - Parks & Recreation Department. t
CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
City Council Meeting Date: May 4, 2004
AGENDA ITEM: Expenditure from Donation Account -
AGENDA SECTION:
Parks & Recreation Dept.
CONSENT
PREPARED BY: Dan Schultz, Parks & Recreation Director
AGE
ITEnn # 6 E_
ATTACHMENTS: Donation Revenue Worksheets
APPROVED BY:
RECOMMENDED ACTION: Motion to approve the expenditures
listed below and detailed
on the attached donation revenue worksheet.
ACTION:
ISSUE Move funds donated to pay for recreation programs
BACKGROUND
SUMMARY
This is a request for the Council to approve the expenditure from the donation account listed
below:
Amount
Use /Item Purchased
Donation From
— Expenditure
$1,477.90
Egg Hunt
Rosemount Jaycees
$1,200.00
Music Works - deposit for
Leprechaun Days Committee
bands for 7/30 & 7/31
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DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 03 -19 -04
Amount Received: $2,500
Receipt # for Donation: # NSA
Purpose of Donation:
Egg Hunt
Account # for Donation: 101- 22223.04
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $1,477.90
To be Spent from Acct #: 101- 4510 -0 1- 439.00
(Must be Expenditure #corresponding to individual Department.)
Purpose of Expenditure:
E99 . Hunt
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101- 36230 -00 -000: $1,477.90
Amend Expenditure Acct #101- 45100 -01- 439.00 $1,477.90
(The two- dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101- 22223.04 (Donation Liability #) $1,477.90
Credit: 101- 36230 -00 -000 $1,477.90
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council,
action on May 4, 2004.
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DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on:
03 -16 -04
Amount Received:
$7,000
Receipt# for Donation:
# NSA
Purpose of Donation:.
Leprechaun Days
Account #: for Donation:
101- 22223.33
(Must be Liability # assigned for
each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent:
$1,200
To be Spent from Acct #:
101-45100-01-439.00
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure:
Leprechaun Days
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101- 36230 -00 -000: $1,200
Amend Expenditure Acct #101- 45100 -01- 439.00 $1,200
(The two- dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101- 22223.33 (Donation Liability #) $1,200
Credit: 101- 36230 -00 -000 $1,200
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on May 4, 2004.
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