HomeMy WebLinkAbout6.c. Expenditure From Donation Account for Administrationi
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CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL REGULAR MEETING DATE: February 20, 2003 -
AGENDA ITEM: Expenditure From Donation Account -
Administration
AGENDA SECTION:
Consent
PREPARED BY: Jim Parsons,
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Community Development Director
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ATTACHMENTS: Donation Expenditure Worksheet
APPROVED
Background
Minnesota's E- Commerce -Ready Program guides communities that wish to enhance the ability of
local businesses and institutions to use computer technology and telecommunications. The program
certifies communities as ready for electronic commerce (e- commerce). The main benefits of the
program are that the community organizes all the information about its telecommunications
infrastructure, addressing any gaps or shortcomings found and promoting itself as a location that is
prepared for technology- oriented business. Rosemount has the opportunity to be certified as a city
that is ready for e- commerce by participating in a county -wide effort organized by the Dakota County
Economic Development Partnership (DCEDP). Rosemount would receive full certification, just as it
would via a stand -alone effort, but will receive assistance from the Northern Dakota Chambers of
Commerce and from Community Technology Advisors, a consultant retained by DCEDP.
Certification is done by the Minnesota Department of Trade and Economic Development.
There is a $1,000 fee for participation in the county -level effort. The Rosemount Port Authority
recommends that the City of Rosemount pay the fee with funds donated by the Dakota Electric
Association for community marketing and promotion.
Expenditure Amount
Item Purchased
Donation Made By
$ 1,000.00
E- commerce fee
Dakota Electric
RECOMMENDED ACTION:
Motion to approve the expenditure for certification by the Minnesota Dept. of Trade & Economic
Development of Rosemount as a community that is ready for electronic commerce (e- commerce).
COUNCIL ACTION:
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DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 01/01/2003
Amount Received: $6,000.00
Purpose of Donation: Community Marketing and Promotion
Account # for Donation: 101 -22225
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $ 1,000.00
To be Spent from Account M 101- 41320 -01 -394
Purpose of Expenditure: E- commerce initiative
(Must be Expenditure # corresponding to individual Department.)
AMENDMENT OF BUDGETS
Amend Donation Revenue Account # 101- 36230 -00 -000: $ 1,000.00
Amend Expenditure Account # 101- 41320 -01 -394 $ 1,000.00
(The two dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101 -22225 (Donation Liability #) $ 1,000.00
Credit: 101- 36230 -00 -000 $ 1,000.00
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per
Council action on 02/20/2003 .