HomeMy WebLinkAbout4.d. Expenditure Approval From Donation Account - Parks & RecreationA,.
CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: August 20, 1996
AGENDA ITEM:
EXPENDITURE APPROVAL FROM DONATION ACCOUNT
AGENDA SECTION:
CONSENT
PREPARED BY: Tom Murphy, Arena Manager, Parks and
Department
AGENDA NO -M
1 1 EIVI 4-0
Recreation
ATTACHMENTS:
APPROVED BY:
Donation Revenue Worksheets
Please consider the following transfer of funds from our donation account.
Capacitors were installed at the Community Center. Capacitors monitor the amount of power that comes into
the buildings and is able to manage our power factor so we are not punished by NSP. NSP requires us to be
above a given number which is 90 and we have been running under this number.
Ceiling fans were also installed at the Community Center. The ceiling fans that were installed in the banquet
room are in place to circulate the cool air during events. The air conditioning has a tough time
accommodating functions which have a large number of people. The ceiling fans are very helpful in aiding
to cool the banquet room.
USPCI has donated the money for these projects.
The Council is requested at this time to authorize the transfer of $7,050.00 from our donation account #101-
22223.13 to the operation account #101-45100-01-439.
RECOMMENDED ACTION: Motion to approve the expenditure of $7,050.00 for the Community Center
Capacitors and Ceiling Fans, and to approve the amendments to the budgets as given on the attached
donation revenue worksheet.
COUNCIL ACTION:
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on:
Amount Received: $
Receipt # for Donation:
Purpose of Donation:
Account # for Donation:
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $7050.00
To be Spent from Acct #: 101-45100-01-439
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: ceiling fans and peak control capacitator for
community center
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230-00-000: $7050.00
Amend Expenditure Acct #101-45100-01-439 $7050.00
(The two dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101 22223 13 (Donation Liability #) $7050.00
Credit: 101-36230-00-000 $7050.00
Credit: 101-29300 $
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per
council action on August 20 1996