HomeMy WebLinkAbout6.e. Expenditure from Donation Account Parks & Recreation Departments� ti
CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: October 16, 2001
AGENDA ITEM: Expenditure From Donation Account -
AGENDA SECTION:
Parks and Recreation Department
CONSENT
PREPARED BY: Dan Schultz, Parks and Recreation Director
AGENDA NQ
ATTACHMENTS: Donation revenue worksheet
APPROVED BY:
This is a request for Council to approve the following expenditure listed below from the donation account.
Expenditure amount
Use \Item purchased
Donation made b
$ 1,500.00
Trees for Arbor Day 2001
Dakota Electric and SKB
Environmental
RECOMMENDED ACTION: Motion to approve the expenditure listed above and detailed on the
attached donation revenue worksheet.
COUNCIL ACTION:
x
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 4/19/01 and 1
Amount Received: $ 1,500.00
Receipt # for Donation: #
Purpose of Donation: Arbor Day
Account # for Donation: 101.22223.22
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $ 1,500.00
To be Spent from Acct #: 101- 45100 -01 -439
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Tree give away for Arbor Day
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101- 36230 -00 -000: $ 1,500.00
Amend Expenditure Acct #10145100- 01-439 $ 1,500.00
(The two dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101- 22223.22 (Donation Liability #) $ 1,500.00
Credit: 101- 36230 -00 -000 $ 1,500.00
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per council
action on 10/16/01