HomeMy WebLinkAbout6.e. Expenditure of Donation for Parks & Recreation DepartmentCITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: September 16, 2003
This is a request for Council to approve the following expenditure listed below from the donation account.
Expenditure
Amount
Use/Item Purchased
Donation From
Reimburse Ken Talbert for purchase of:
Multiple Donations
325.80
30 Flags — Rep Kline
171.95
27 Flag Poles — Menards
11.69
Screws /Washers — Ace Hardware
TOTAL 509.44
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on:
Multiple Dates
Amount Received: Multiple Donations
Receipt # for Donation: # N/A
Purpose of Donation: Veterans Memorial
Account # for Donation: 101.22223.24
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $509.44
To be Spent from Acct #: 101- 4 -01 -4
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: 30 Flags, 27 Flag Poles, Hardware
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101- 36230 -00 -000: $509.44
Amend Expenditure Acct #101- 45100- 01-439 $509.44
(The two dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101- 22223.24 (Donation Liability #) $509.44
Credit: 101- 36230 -00 -000 $
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per council action
on September 16. 2003