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Home My WebLink About6.c. Expenditure Approval From Donation Account for Parks & Recreation1 CITY OF ROSEMOUNT EXECUTIVE SUMMARY FOR ACTION CITY COUNCIL MEETING DATE: March 21, 2000 AGENDA ITEM: Expenditure Approval From Donation Account — AGENDA SECTION: Parks and Recreation Department CONSENT PREPARED BY: Dan Schultz, Parks and Recreation Director AGEN ATTACHMENTS: Donation revenue worksheets APPROVED B This is a request for Council to approve the expenditure of $ 5,727.50 for the second and final payment for a security camera system at the Rosemount Community Center and $ 4,254.00 to replace tables at the Community Center. Coca -Cola funds are being used for the security cameras. Community Trust and Coca -Cola funds are being used for the tables at the Community Center. RECOMMENDED ACTION: Motion to approve the expenditures listed above as indicated on the attached donation revenue worksheets. COUNCIL ACTION: 1 DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received on: September 16, 1999 Amount Received: $ 15,000.00 Receipt # for Donation: # 56052 Purpose of Donation: Community Center equipmen Account # for Donation: 101.22223.20 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION Amount to be Spent: $ 9,272.50 To be Spent from Acct #: 101- 45100-01 -439 (Must be Expenditure # corresponding to individual Department.) Purpose of Expenditure: Community Center equipment AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101 - 36230 -00 -000: $ 9,272.50 Amend Expenditure Acct #101- 45100-01 -439 $ 9,272.50 (The two dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY # Debit: 101- 22223.20 (Donation Liability #) $ 9,272.50 Credit: 101- 36230- 00-000 $ 9,272.50 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per ouncil action on 3/21/00 DONATION REVENUE WORKSHEET RECEIPT OF DONATION r Donation Received on: November 18, 1998 Amount Received: $ 2,343.00 Receipt # for Donation: # 53589 Purpose of Donation: Community Center Account # for Donation: 101.22223.11 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION Amount to be Spent: $ 709.00 To be Spent from Acct #: 101- 45100-01 -439 (Must be Expenditure # corresponding to individual Department.) Purpose of Expenditure: Community Cente AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101- 36230 -00 -000: $ 709.00 Amend Expenditure Acct #10145100- 01439 $ 709.00 (The two dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY # Debit: 101- 22223.11 (Donation Liability #) $ 709.00 Credit: 101- 36230 -00 -000 $ 709.00 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per council action on 3/21/00 Donation Received on: November 18, 1998 Amount Received: $ 2,343.00 Receipt # for Donation: # 53589 Purpose of Donation: Community Center Account # for Donation: 101.22223.11 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION Amount to be Spent: $ 709.00 To be Spent from Acct #: 101- 45100-01 -439 (Must be Expenditure # corresponding to individual Department.) Purpose of Expenditure: Community Cente AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101- 36230 -00 -000: $ 709.00 Amend Expenditure Acct #10145100- 01439 $ 709.00 (The two dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY # Debit: 101- 22223.11 (Donation Liability #) $ 709.00 Credit: 101- 36230 -00 -000 $ 709.00 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per council action on 3/21/00