HomeMy WebLinkAbout6.d. Expenditure Approval from Donation Account for Parks & Recreation Department CITY OF ROSEMOUNT
` EXECUTIVE SUNIMARY FOR ACTION
CITY COUNCIL MEETING DATE: NOVEMBER 2, 1999
AGENDA ITEM: Expenditure Approval From Donation Account - AGENDA SECTION:
Parks and Recreation De artment CONSENT
PREPARED BY: Dan Schultz, Parks and Recreation Director AGENI����� =�' � _ ��
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ATTACHMENTS: Donation revenue worksheets APPROVED BY��j,}�
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This is a request for Council to approve the expenditure of$ 743.37 from the donation account for a new TV
VCR unit and cart for the Community Center, $ 300.00 for Leprechaun Days supplies and $ 559.50 for Teen
Night supplies.
Safety Kleen donated the funds for the TV VCR unit and cart. CF Industries provided the funds for
Leprechaun Days events and Rosemount First State Bank donated funds to Teen Night.
RECOMMENDED ACTION: Motion to approve the expenditure of$ 743.37 for a TV VCR unit and
cart at the Community Center, $300.00 for Leprechaun Days supplies and $ 559.50 for Teen Night
supplies.
COUNCIL ACTION:
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: November 18, 1998
Amount Received: $ 2,343.00
Receipt# for ponation: # 53589
Purpose of Donation: Community Center
Account# for ponation: 101.22223.11
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $ 743.37
To be Spent from Acct#: 101-45100-01-439
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Community Center
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230-00-000: $ 743.37
Amend Expenditure Acct#101-45100-01-439 $ 743.37
(The two dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223.11 (Donation Liability #) $ 743.37
Credit: 101-36230-00-000 $ 743.37
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per
council action on 11/2/99
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: January 27, 1999, June 28, 1999
Amount Received: $ 1,000.00 & $ 50.00
Receipt# for ponation: # 54102 & 55685
Purpose of Donation: Rosemount Teen Night
Account# for ponation: 101.22223.21
(Must be Liability# assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $ 559.50
To be Spent from Acct#: 101-45100-01-439
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Rosemount Teen Night
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct#101-36230-00-000: $ 559.50
Amend Expenditure Acct#101-45100-01-439 $ 559.50
(The two dollar amounts s�iould be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY#
Debit: 101-22223.21 (Donation Liability#) $ 559.50
Credit: 101-36230-00-000 $ 559.50
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per
council action on 11/2/99
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: August 10, 1999
Amount Received: $ 300.00
Receipt# for ponation: # 55754
Purpose of Donation: Leprechaun Days
Account# for ponation: 101.22223.8
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $ 300.00
To be Spent from Acct#: 101-45100-01-439
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Leprechaun Days Supplies
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct�#101-36230-00-000: $ 300.00
Amend Expenditure Acct#101-45100-01-439 $ 300.00
(The two dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADNST DONATION LIABILITY#
Debit: 101-22223.8 (Donation Liability #) $ 300.00
Credit: 101-36230-00-000 $ 300.00
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per
council action on 11/2/99