HomeMy WebLinkAbout6.e. Expenditure from Donation Account for Administration, BannersV
CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: NOVEMBER 20, 2001
AGENDA ITEM: EXPENDITURE FROM DONATION
AGENDA SECTION:
ACCOUNT - ADMINISTRATION
CONSENT
PREPARED BY: PAULA GRAFF,
AGENDA
' ir 6
HUMAN RESOURCES COORDINATOR
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ATTACHMENTS: DONATION REVENUE WORKSHEETS
APPROVED BY:
F I
This is a request for the City Council to approve the following expenditure listed below from the donation
account:
Expenditure Amount
Item Purchased
Donation Made By
$ 15,525.00
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Evermoor
$ 1,000.00
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City Limits
RECOMMENDED ACTION: MOTION TO ACKOWLDGE RECEIPT OF DONATION AND
APPROVE THE PURCHASE AS INDICATED ON THE ATTACHED DONATION REVENUE
WORKSHEET.
COUNCIL ACTION:
V
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on:
08/01
Amount Received:
$16,525.00
Purpose of Donation:
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Account # for Donation:
101 -22225
(Must be Liability # assigned for each
individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $ 16,525.00
To be Spent from Account #: 101- 41110 -01 -439
Purpose of Expenditure: Banners
(Must be Expenditure # corresponding to individual Department.)
AMENDMENT OF BUDGETS
Amend Donation Revenue Account # 101- 36230 -00 -000: $ 16,525.00
Amend Expenditure Account # 101 - 41110 -01 -439 $ 16,525.00
(The two dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101 -22225 (Donation Liability #) $ 16,525.00
Credit: 101- 36230 -00 -000 $ 16,525.00
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on 11/20/01 .