HomeMy WebLinkAbout6.d. Expenditure from Donation Account for Parks & Recreation- 1
�+ CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: November 6, 2001
AGENDA ITEM: Expenditures From Donation Account -
AGENDA SECTION:
Parks and Recreation Department
CONSENT
PREPARED BY: Dan Schultz, Parks and Recreation Director
AGEN" A ij
ATTACHMENTS: Donation revenue worksheets
APPROVED BY:
First State Bank of Rosemount
This is a request for Council to approve the following expenditures listed below from the donation account.
Expenditure amount
Use \Item purchased
Donation made by
$ 38.34
New flag for the Veteran's
Memorial at Central Park
Multiple donors
$ 325.00
1 Teen Night DJ
First State Bank of Rosemount
RECOMMENDED ACTION: Motion to approve the expenditures listed above and detailed on the
attached donation revenue worksheets.
COUNCIL ACTION:
Y
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on:
12 - 5/30/00
Amount Received:
$
Receipt # for Donation:
Numerous donors
Purpose of Donation:
Veteran's Memo
Account # for Donation:
101.22223.24
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent:
$ 3 8.34
To be Spent from Acct #:
101- 45100 -01 - 439
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure:
Ve Memorial Flags
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101- 36230 -00 -000:
$ 38.34
Amend Expenditure Acct #101- 45100 -01 -439
$ 38.34
(The two dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101 - 22223.24 (Donation Liability #) $ 38.34
Credit: 101- 36230 -00 -000 $ 38.34
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per
council action on 11/06/01
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on:
1/25/01
Amount Received: -
$ 1,000.00
Receipt # for Donation:
Purpose of Donation:
Rosemount Teen Ni D
Account # for Donation:
101.22223.21
(Must be Liability # assigned for each. individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: -
$ 325.00
To be Spent from Acct #:
101- 45100 -01 -439
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure:
Rosemount Teen Night DJ
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101 - 36230 -00 -000:
$ 325.00
Amend Expenditure Acct #101- 45100- 01 -439
$ 325.00
(The two dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101 - 22223.21 (Donation Liability #)
$ 325.00
Credit: 101- 36230 -00 -000
$ 325.00
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per
council action on 11/6/01