HomeMy WebLinkAbout4.d. Budget Amendments CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 1995 -
A RESOLUTION PROVIDING FOR THE COMPETITIUE NEGOTIATED
SALE OF $1,900,000 GENERAL OBLIGATION IMPROVEMENT
BONDS, SERIES 1995A
WHEREAS, the City Council of the City of Rosemount, Minnesota, (the "City") has
heretofore determined that it is necessary and expedient to issue its $1,900,000
General Obligation Improvement Bonds, Series 1995A (the "Bonds") to finance the
construction of various improvements in the City; and
WHEREAS, the City has retained`Springsted Incorporated, in Saint Paul, Minnesota
("Springsted"), as its independent financial advisor and is therefore authorized to sell
these obligations by a competitive negotiated sale in accordance with Minnesota
Statutes, Section 475.60, Subdivision 2(9); and
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Rosemount,
Minnesota, as follows:
1. Authorization: Findings. The City Council hereby authorizes Springsted to
solicit bids for the competitive negotiated sale of the Bonds.
2. Meetinq; Bid Openinq. This City Council shall meet at the time and place
specified in the Terms of Proposal attached hereto as Exhibit A for the purpose of
considering sealed bids for, and awarding the sale of, the Bonds. The Administrator,
or his designee, shall open bids at the time and place specified in such Terms of
,
ProposaL
a
3. Terms of Proposal. The terms and conditions of the Bonds and the
negotiation thereof are fully set forth in the "Terms of Proposal" attached hereto as
Exhibit A and hereby approved and made a part hereof.
4. Official Statement. In connection with said competitive negotiated sale, the
Administrator and other officers or employees of the City are hereby authorized to
cooperate with Springsted and participate in the preparation of an official statement for
the Bonds, and to execute and deliver it on behalf of the City upon its completion.
• , 07/05/95 09:4� Ft1�. 612 223 �OU2 SPRINGSTED I�C. �1�02/005
�XEiI�IT A
THE CITY HAS AIJTH�RI2ED SPRINGSTED INCORPORATED T� NEGOTIATE TH1S
ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVEEI G1N THE FOLL.CIWING BASIS:
TERM� OF PR�PtJSAL
51,9�O,QGO
CITY OF ROSEMt)UNT, MENNE�OTA
GENERAL OBLIGATIQN IMPROVEMENT BOhIDS� SERIES 1995A
{B��K ENTRY ONLY)
Proposals for the Bands wiil b� received on Tuesday, August "i, 1995, untif 11:30 A.IUI., Central
Tme, at the offices of �pringsted Incorporated, 85 East Seventh Place, Suite 100, Saint Pau(,
Minnesata, after which time they will be opened ar�d tabulated. Consideration for �ward of #he
6onds will he by the City Councii at 7:30 P.M., Central Time, of the same day.
SUBMIS�IC3N OF PROI'OSALS
Proposals may be submitted in a sealed envelope ar by fax {612) 223-300� #o Spr'tngsted.
S'tgned Proposals, withaut final price or coupons, may be subm�tted to Springsted prior to the
time of sale. 'The bidder shall be responsible for submitting to Springsted the final Propos�l
price �rtd coupons, by telephone (612) 223-300d or fax (612) 223-3002 for inclusion in the
submitted Proposal. Springst�d will assume no liability for the inability af the bidder to reach
Springs#ed prior ta the time of sale specified above. Prop�sals may alsa be filed electronically
via 1'ARITY, in accvrdance with PARITY Ru1�s of Partic�pation and the Terms af I'raposal,
within a one�haur period priar to the time of sale established above, but no Prapasals will be
received after that time. If provisions in the 7erms af Praposal canflict with the PARITY Rul�s
of Participation, the Terms af Proposal sha[I con#rol. The norm�l fee f�r use of PARITY may be
obtained fram PARITY and such fee shall be the responsibility of the bidder. For further
info�rnation about PARITY, potential biddars may contact PARITY at 1�0 116th Av+�nue SE,
Suite 10Q, Bellevue, Washington 9804�1, telephone {206) 635-35A�5. Neither the City nor
Springsted Incorparated assumes any liability if there is a malfun�tion af PARITY_ All bidders
� �re advised that each Propesal shall be deemed to canstitute a cantr�ct b�tvueen the bidder
and the City to purchase the Bonds regardless of the manner of the Proposal submitted.
DETAILS C7F THE BONDS
Th� Bonds will be dated August 1, �995, as the date af arigina{ issue, and will bear interest
payable on February 1 and August 1 af each year, commencing August �, 1996. Interest wiR
be computed an the basis of e 360-day year af tweive 30-day months.
The Bonds will m�ture February 1 in the years and am�unts as follows:
1997 $165,000 204'1 $"155,400 20�5 $150,000
i998 $370,000 2002 $155,OOQ 2006 $150,000
1999 $1fi0,Q00 2083 $155,OOQ 2007 $135,OQQ
20Q0 $155,1��0 2004 $150,000
- i �
07/05/95 09:44 FAY 612 22� 3002 SPRINGSTED INC. �003/005
BC30K ENTRY SYSTEM
The Bonds wili be issued by means of a b�ok entry system with na physical distribution of
Bonds made ta the public. The 8onds will be issued in fuliy registered form and one 8and,
representing the aggregat� principal �maunt of the Bonds maturing in each year, will be
registered in the name af Kray & C�o. as nominee of Midwest Securities Trust Company
("MSTC"), Chicago, Illinois, which wi{I act �s securities depositoty of the Bonds. Individual
purchases af the Bonds may be made in #he principal amount o�$6,Q00 or any multiple thereaf
of a single maturity through book entries made on the books and records of MSTC and its
participants. Principal and interest ar� pay�ble by the registr�ar to MSTC or its nominee as
registered owner af the Band$. Tr�nsf�r of principal and interest payments to p�rticipants of
MSTC will he the responsibifity of MSTC; transfer of principal and int�rest payments to
beneficial owners by participants wi(I be the respons�bility of such participants and other
naminees of beneficial owners. Th+e purchaser, as a condition of delivery of the Bands, will be
required to depasit the Bonds with MSTC.
REGISTRAR
The City wiU name the registrar which sh�ll b�e subject ta applicable SEC regulations. The City
will pay far the services of the registrar.
�PTIt�NA� REDEMPTION
The City may elect on February 1, 2QQ4, �tttd an any day thereafter, to prepay Bands due on t�r
after February 1, 2pt�5. Redemption may be in whole ar in part and if in part at the ap#ian of th�
City and 'tn such manner �s the Gity shall determine. If less than all Bands of a maturity are
called for redemption, the City will notify MSTC af the particular amount af such maturity to be
prepaid. MSTC wilt determine by lot the amount of each participant's interest in such maturity
to be redeamed and each partici�ant will then select by lat the beneficial ownership interests in
suCh m�turity to be redeemed. A8 prepayments shall be at a price of par pius accru�d interest.
s�cu�rnr aNa pua�as�
The Bonds will be general obligations of the City for which th� City wiU pl�dge its ful) faith and
credit and power to levy direct general ad valarem taxes_ In addition the Gity wNl plettg� speci2�l
assassments ag�inst benefited property_ The praceeds will be u�ed to finance a street
� improvement projec#within the City.
TYPE �F PRdPd5AL5
Prapasals shall be far not less than $1,677,200 and accrued int�res�t on the total principaf
amount of the Bvnds. Proposa{s shall be accompanied by a Gaod Faith Deposit {"Deposit") in
the form af a eertified ar cashier's check or a Financial Surety Band in the amount af $19,00�,
payable ta the order of the Ciry_ If a check is used, it must accompany �ach proposal. If a
Financial Surety Bnnd is used, it must be fram an in�urance company licensed to issue such a
bond in the State of Minnesota, an� preappruved by the City. Such bond must be submitted to
Springsted Incorparated prior ta the opening of the proposals. The Financi�l Surety Band must
identify each underwriter whose Deposit is guaranteed by such Financial Surety Bond. If th�
Bands are awarded to an underwriter using a Financial Surefy Bond, then that purch�ser is
required to submit its Deposit to SpringstEd Incorporated in the form of a certified or cashier's
check or wire transfer as instructed by Springsted Incorporated not later than 3:30 P.M., Centr�l
Time, on the next business day fallawing the award. If such Deposit is not received by that
time, the Fir��ncial Surety Bond may be drawn by the City to satisfy the �aposit requirement_
The City wi{I deposit the check of the purchassr, the amounf of which will be deducted at
settlement and no interest will accrue to the purchaser. In the event the purchaser fails to
camply with the accepte� propasal, said �mount will be retained by the City. �lo proposal can
-ii- .
• , °0�/05/95 09:45 Ft1g 612 223 �002 SPRINGSTED INC. �1D04�00�
be withdrawn or amended after the time set far receiving proposals unless the meeting of the
City scheduled far award of th� Bonds is adjourned, recessed, or continued to another date
without award af the Bonds having been made. Rates shail be in intagral multipies of 5/10� or
1/8 af 1°�. Rates mus# be in ascending crder. Bonds of the same maturity shall bear a single
rate fram the date af the Bonds ta th� date of maturity. No conditianal propasals wii) be
accepted.
AWARD
The Bonds will be awarded on the basis af the lawest interest rate to be determined on a true
in#erest cost (TiC) basis. The Ci#y's eam�utation of the interest rate af each propos�l, in
accordance with customary practice, will b� con#roAing.
The City wiU reserve #he right to: (i)waive non-sub�tantive informalities of any proposal or of
matters relating to the receipt af proposals and award of the 8ands, {ii) reject all proposals
without cause', and, (iii) reject any proposal whi�h the City determines to hav$ fail�d to comply
with the terms herein.
gt�Np IN$URANCE AT PURCHASER'S C,�PTIt�N
If the Bonds qualify for issu�►rtCe of any policy of munieipaf bond insur�nce or commitment
therefor at the optian �f the underwriter, the purcha�e of any such insurance policy or the
issuance of any such commitment sh21f be �t the sole option and expense of t11e purchaser of
the Bonds. Any increased casts of issuance of the Bonds resulting from such purchase of
insurance shall be paid by the purchaser, exeept that, if the City has requested and received a
ratin� on the Bonds from a rating agency, the Gity will pay that rating fee. Any ather rating
agency fees shall be the responsibility of the purchaser.
Failure of the municipal bond insurer to issue the policy after Bonds have been aw�rded #� the
purchaser shall not constitute cause for#ailure or refus�l by the purchaser to accept tlelivery on
the Bonds.
CUSIP NUMBERS
lf the Bc►nds qualify for assignment af CU$IP numbers such numb�rs wilt be printed on the
Bonds, but neither the failure to print sueh numbers on any Bond nar any errar with respect
� thereto will canstitute cause for failure or �efusal by the purchaser to accept delivery �f the
B�nds. The CUSIP Service Bur��u charge for the assignmertt of CUSIP identification numk�rs
shall be paid by the purchaser.
SETTLEMEN7
Within 4� days follawing the d2�te of their award, the Bonds will be deliv�red without cost to the
purchaser at a place mutually satisfactory to the City and the purChaser. Delivery will be
subject to receipt by the purchaser of an approving legal opinion af Briggs and Morgan,
Professional Assaciation, of Saint Paul and Minneapolis, Minnesota, and of �ustomary closing
papers, including a no-litigatian certificate a�d are a cantinuing disclosure certificate. On the
date af settlement p�yment for the Bands shall be made in federal, or equivalent, funds which
shall be received at the offices.af the City or its designee not later than 12:OQ Noon, Cen#ral
Time. Except as compliance with the terms of payment far the 8onds shall have been made
impossible by action of the City� or i#� �g�nts, the purchaser shall be liable to the City for any
loss suffered by th� City by reasc�n of the pur�has�r's nan-compliance with s2�id terms #or
payment.
- iii
. �OZ/05l95 09:45 F� 612 223 3002 SPRINGSTED INC. C�005/005
y
C4NTINUING DISCLQSUl�E
Th� issuer wilF cov�nant in ths resa�ution awarding the sale of the Bonds and in a Continuing ,
Disciasure Certificate to pro�ide, or cause to be provided, annua!financia! information, including
audited financiai statements af the issuer, and natices �f certain material avents, as required by
SEC Rule 45(c�2-12.
t]FFI�IAL STATEM�NT
The City has �uthorized the prepar�tion �f an . t��cia! Statement containing pertinent
infarmation relative to the Bonds, anr� said Uffici�t StatemEnt will serve as a nearly-final �fficial
Statement within the meaning of Rule 16c2-12 of the SeGurities and Exchange Cammission.
Far copies of the Clfficial St�tement or far any additional information prior to sale, any
prospective purchaser is referred to the Fin�nciat Advisar to the City, Springsted Incorperated,
85 East Seuenth Place, Suite 104, Saint Paul, Minnesota 5510'I, tel�phone (612) 223-30U0.
The t3fficial Statement, when furthet supplemented by an adder�durn ar addenda specifying the
maturity dates, principal amaunts and interest ra#es of the Bands, together with any ather
informatian required by law, shall c�nstitute a "�inal �ffieial Statement" of the Ci#y with respect
ta the Bonds, as that term is definet! in Rule 15c2-12. By awa�ding the Bonds #o any
underwriter or underwriting syndi�ate submitting a proposal thereft�r, the City, agrees that, no
mare than seven business d�ys �fter the date of such awarcl, it shaU provide withaut cast to the
senior managing underwriter af the syndicate to which the Bonds are awarded 8d copies of the
d�cial Statement �nd the addendum or addenda described abave. Tha City designates the
seniar managing undenNriter of the syndicate ta which the Bonds are awarded as its agent for
purp�ses of distributing copies of the Final Ufficial Statem�nt to each Participating Underwriter.
Any underwriter deli�erirtg a pr�pC�s�t with respect to the Bt�nds agrees ther�by that if its
proposal is accepted by the City {i) it shall accept such designation and {ii} it shali enter info a
contractual relationship with all Participating Underwriters af the Bonds for purposes of�ssunng
the receipt by each such Participating Underwriter of the Final Q�cial Stafement.
Dated July 5, 1995 BY C�RdER OF THE CITY CC`iUNClL
/s/Susan M. Walsh
Clerk
- iv-
.
' CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: July 5, 1995
AGENDA ITEM: Budget Amendments AGENDA SECTION:
Consent
PREPARED BY: Jeff May, Finance Director AGENDA ��
�� � � �
ATTACHMENTS: APPROVED BY: �
Council Memo, Resolution, Donation Worksheets
This item is on the agenda for Council to formally amend the 1995 GeneraC Fund budget by
resolution for donation items that Council has previously authorized, covering expenditures made
during the first six months of 1995.
Rather than bringing a resolution before the Council each time there is a need to spend money
from donations previously received, we have developed procedures that allow us to have you
authorize the expenditure and amend the budgets at the time the expenditure is made and then
periodically bring to you a resolution that formally amends the budgets for a number of these
donation expenditures. The attached memo and donation worksheets support the figures given
in the resolution.
;
�
RECOMMENDED ACTION:
Motion to adopt A RESOLUTION APPROVING THE AMENDMENT OF CERTAIN 1995 BUDGET
ITEMS for the General fund as outlined-in the attached memo.
` COUNCIL ACTION:
4
MEMORANDUM
DATE: June 29, 1995
TO: Mayor McMenomy
Council Members Anderson, Busho, Staats &Wippermann
FROM: Jeff May, Finance Director
SUBJECT: Budget Amendments
This is a request to amend both the revenue and expenditure budgets for the General
Fund and to formally approve the expenditures of donations previously received. This
memo is to show the line by line detail of the actual changes to be made to the budget,
of which the totals are summarized in the Resolution before you.
GENERAL FUND DETAIL
Detail for Revenues:
101-36230-00-000 (Donations) $ 9,188.45
Total Revenues $ 9,188.45
Detail for Expenditures:
101-42110-01-208 (Miscellaneous Supplies) $ 3,593.45
101-45100-01-223 (Building Repair Supplies) 3,195.00
101-45100-01-315 (Special Programs) 1,700.00
� 101-45100-90-219 (Other Operating Supplies) 700.00
� --------------
Total Expenditures $ 9,188.45
CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 1995 -
A RESOLUTION APPROVING THE AMENDMENT OF
CERTAIN 1995 BUDGET ITEMS
WHEREAS, the City Council recognizes the need to amend certain items from the 1995
General Fund Operating Budget, the totals which are as follows
(1) General operating revenues, the total which reflects an increase of$9,188.45;
(2) General operating expenditures, the total which reflects an increase of
$9,188.45;
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Rosemount
hereby approves the amendment of the above listed budget items for the 1995 General
Fund Operating Budget.
ADOPTED this 5th day of July, 1995.
E.B. McMenomy, Mayor
ATTEST:
Susan M. Walsh, City Clerk
f
�
Motion by: Seconded by:
Voted in favor:
Voted Against:
DONATION REQENCT$ WORRSHEET
RECEIPT OF DOIIATZON
Donation Received on:
Amocuzt Received: $
Receipt � for ponation:
purpose of Donation: D.A.R.L. PROGR.9M
Account # for ponatian: 101-22221 - �
(Must be Liability � assigned for each individual Department)
EZPENDITURE OF DONATI�N
Amount to be Spent: $ ��� • � � �
To be Spent from Acct �: 101-42I10-01-208 � �
(Must be Expenditure � corresponding to individual Department)
Purpose of Expenditure: 1� �� Q � S U �� (.i e �'
AMENDMENT OF BIIDGETS
Amend Donation Revenue Acct 4101-36230-00-000: $ `� �� - �7
Amend Expenditure Acct � 101-42110-01-208 : $ �.:p/ , O �
(The two dollar amounts should be the same)
GENERAL JOIIRNAL ENTRY TO ADJIIST D�NATION I�IABII�ITY #
Debit s 101-22221 (Donation Liability �) $��/- ��
;; Credit: 101-36230-00-000 $ `�8�� �
�' Credit: 101-29300 $_���
;:Journal entry to reduce deferred donation revenue and increase
donation revenue to actual per council action on O/ -/`�- `�� •
;�;�
,����4�
DQNATION REYENU$ WORRSHEET
RECEIPT OF DOrTATION
Donation Received on:
�aunt Received: S
Receipt n for ponation:
purpose of Donations POLICE EQUIPMENT FUND
Account � for ponation: 101-22222 •
(Must be Liability � assigned for each individual Department)
EgPENDITURE OF DONATION
Amount to be Spent: $
To be Spent from Acct A; 101-42110-01-208
(Must be Expenditure � corresponding to individual Department)
purpose of Expenditure: 1',,��.��a;� Q � i� t o �:.-� 1���
AHENDMENT OF BUDGETS
Amend Donation Revenue Acct �101-36230-00-000: $ /7�n. �9
A�end Expenditure Acct � 101-42110-01-208 $ /�6- O 9
(The two dollar amounts should be the same)
GENER.AL JOIIRNAL ENTRY TO AD.7IIST DONATZON I�IA82LITY # ��I q
Debit: 101-22222 (Donation Liability �) $ / 7�: • �
,
Credit: 101-36230-00-000 $- /��' . 0
� Credit: 101-29300 $�-�
'� Journal entry to reduce deferred donation revenue and increase
donation revenue to actual per council action on ��-�'� -`�� •
o � 5 �
s
�
. D02�TIOH REYENUR WORKSHE$T
RECEIFT OF DOI�TION
Donation Received on:
p,mount Received: $
Receipt � for ponaticn:
purpose of Donation: ��� EQ��� �
Account � for ponation: 101-22222 '
(Must be Liability � assigned for each individual Department)
Egp�ITQRE OF DOIdATZON
�ount to be Spent: $ 557.64
101-42110-01-208
To be Spent from Acct �: to ��,vidual Department)
(Must be Expenditure � carresponding
purpose of Expenditure: Purchase f ' �
gMENDME21*r OF BtTDGETB
557.64
p,mend Donation Revenue Acct u101-36230-Oo-000: $ ,
s 101-42110-01-208 : $ 557 h4
Amend Expenditure Acct ,r
(The two dollar amcunts should be the same)
GENERAL JOIIRNAL ENTRY TO ADJUST DONAT203i Z�IABILITY #
- �
` , 101-22222 (Donation Liability #) $,��
Deb it:
� $ 557.64
� Credit: I01-36230-a0-000
�
$ 557 b4
Credit: 1Q1-29300
Journal entry to reduce deferred donation revenue and increase
donation =evenue to actual p
er council action on 04/18/95 -
DOI�TIaH F�+YENII� WORKSHEBT
RECEIPT OF D02�ATIOI+I
Donation Received on: _
p�ount Received: $ -
Receipt � for ponation:
purpcsa of Donation: POLICE EQUIPMEN'r FUND
Account � for Dvnation: 101-22222 •
(Must be Liability � assiqned �or each individual Depart�aeat)
EXP'ENDI�RE OF D0�IATICI�I
A�aount to be Spent: $ ��.70 .
� 101-42I10-01-208 �
To be Spent from Acct �:
(Must be Expenditure a ccrresponding to individual Depart�ent) .
ptirpase of Expenditv=e: �ase of Four P,adio Scanners
�HE�TD�NT OF BUDGETS
Amend Denation Revenue�Acct a102-36230-00-000: $ 404.70
Amend Expenditure Acct 4 101-42110-0I-208 : � $ 404.70 �
(The two ciol.lar amounts should be the same)
.
GEIIERgL JOIIRNgL L�+ITRY Ta ADJIIST DO�iTIOX L2A8I7JITY #
= Debit: IOI-22222 (Denation Li.abiZity �? $ �.70
'' Credit: 101-3623Q-00-a00 $ 404.70 �
>.
�
Credit: 101-29300 $ 404.70
�'ournal entry to reduce def erred denatioa zevenue and increase
doaation tevenue to actuaZ per cvuncil action on 5-2-95 � .
� DortAT=ox R.�.�xQ$ WORxsaE�T
gECEIP2 OF D02�ATION
Donation Received onc
Axaount Recsived: S
Receipt � for ponation:
p�pose of Donation: D.A.R.L. PROGRAM
Account # for ponation: 101-22221 • �
(Must be Liability � assigned for each individual Department)
ESPEHDITLTRE OF DONATIOH
Amount to be Spent: $ 260.92
To be Spent from Acct 4: 101-42110-01-208
(Must be Ex�enditure A carres�onding to individual Departmen't)
pu_�osa of Expenditure: Program supplies
AZ�NDI�'=�..NT OF BIIDGETS
Amend Donation Revenue Acct z101-36230-oa-000: $ 260.92 _
� 101-42110-01-208 $ 260.92 �`
Amend Expenditure Acct a
(The two dollar amounts should be the same)
GENERAL JOIIRNAL ENTRY TO AD�TIIST DONATION L2ABILITY �
�
� 101-22221 (Donation Liability �) $ 260.92
Deb it:
f: $ 26Q.92 :
�� Credit: 10I-36230-a0-a00
$ 260.92
Credit: 101-29300
' Jou._rnal entry to reduce def e;-zed donation revenue and increase
donaticn ravenue to actual p
er council action on �Y 16, 1995 .
i
DONATION REVENII'S WORRSHEET
RECEIPT OF DON.e�TION
� Donation Received vn:
�accunt Received: $
Receipt � for ponation:
gu=pose of Donation: P4LICE EQUIPME�IT Ft7ND
Account � for ponation: 101-22222 _ .
(Must be Liability � assigned for eac�. individual Depar`�ent)
EZPENDITU'RE OF DON�ITION
Amount to be Spent: $
,� I01-42110-01-208 �
To be Spent from Acct s:
(Must be Expenditure � correspvnding to individual Departcent) .
Fu_�ase of E�enditure: Purchase of three �ortable cellular �hones
B�ND�fi OF B�DGETS
A�end Donation Revenue Acct �101-36230-00-000: $ 741.24
Amend Expenditure Acct � 101-42110-01-208 : $ 741.24
(The two �ollar amounts shou�.d be the same)
GENERAL JOQRNAL L�2iTRY TO AD.TUST DON�iTI�N LIABI?�ITY #
�
4 Debit: 101-22222 (Donation Liability #) $ 741.24
�
>}
Credit: IOi-36230-00-000 $ 741.24 �
" Credit: 101-29300 $ 741.24
��Jaurnal entry to reduce def erred donation revenue and increase
donation revenue to actual per council action on May 16, 1995 .
t
DONATION RE4ENUS WORICSHEBT
RECEIPT OF DON.ATION
Donation Received on:
Amount Rec�ived: S
Receipt # for ponations
gurpose of Donation: D.A.R.L. PROGRAM
Account � far ponation: 1Q1-22221 �
(Must be Liability � assigned for each individual Department)
EXPENDITIIRE OF DOI1AT20N
At¢ount to be Spent: $ 20.98
To be Spent f=om Acct �: 101-421I0-01-208
(Must be Expenditure � corresponding to individual Department)
purpose of Expenditure: D.A.R.E. Su lies
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct ;101-36230-00-000: $ 20 98
Amend Expenditure Acct � 101-42110-01-208 $ �� ��
(The two dollar amounts should be the same)
GENERAI+ JOIIRNAZ ENTRY TO ADJUBT DONATION L2ABI7�ITY #
; 5 20.98
Debit: 101-22221 (Donation Liability #) $
a Credit: 101-36230-00-000 $ 20.98
�
� Credit: 101-29300 $ 20'9�
' Journal entry to reduce deferred donation revenus and increase
donation revenue to actual per council action on June 6 1995 •
. �,
DONATION REQENUS WORRSBEBT
RECESPT OF D42�ATION
Donation Received on:
Amount Received: $
Receipt � for ponation:
purpose of Donation: POLICE EQUIPI�VT F[JND
Account # for ponation: 101-22222 •
(Must be Liability # assigned for each individual Department)
EBPENDITURE OF DONATION
Amount to be Spent: $ 182.11 �
,�. 101-42I10-01-208
To be Spent from Acct ,r.
(Must be Expenditure � corresponding to individual Department)
Fu�T-oose of Expenditure• �chase of i�'-5 rlagazines
AMENDMENT OF BIIDGETS
� A�aend Dvnation Revenue Acct QIOI-36230-00-400: $ 182.11
Azaend Expenditure Acct � 101-42110-01-208 ; $ 182.11
(The two dollar amounts should be the same)
GENERAL JOIIRI�L ENTRY TO ADJIIST DONATION LIABI3�ITY #
Deb it: 101-22222 (Donation Liab il ity �) $ 182.11
, Credit: 101-36230-QO-000 $ 182.11.
;
� _
`,
Credit: 101-29300 $ 182.11
Journal entry to reduce deferz�ed donation revenue and inczease
donation revenue to actual per council acticn on JunE 6, 1995 .
DONATIaN R.�VENII'S WaRRSHEET
RECEIPT OF DOI�T20N
Donatiori Received on:
�ount Rec�i,ved: $
gec�ipt � for ponation:
pt,�ose of Donation: POLICE EQUIF.M�3T Ft3ND
Ac�ount � for ponaticn: I01-22222 -
(2�ust be Liability $ assiqned for each individual DeDa�eat)
E�?�DI'I'U�? OF DOH�T2�P7
A�,ouzzt to be Sae.*�t: $ 291.66 '
Tc be S�ent f�om Ac�t �; IOI-42IIfl-Ul-208 �
(�ust be Exper.diture T c�wzs:oncing to individual De�a.:.�en�)
Fu_7-cose or" Ex��*�ditvre• �'chase of two typec�rriters for dis�atch
�. ..'s�'TD���I`'r' O? BBDG�'�'S �
A�en� Donaticn Reve.*zue Acct zz 01-3623Q-�o-000: $ 19I.66
A�er.d Ex��*iditure Ac� = 101-421I0-0I-208 ; $� 191.66 .�
(Z`�e twc dol2ar a:acunts shoul� be t.he same)
Gs,I�R.A.L JOQi�L E:tT�Y T'3 ADu'UST DONATION LIASILI'I''�. #
De�it: I01-22222 (Dvnation Liability �� $ 19I.66
j ;: Cred:.t: 101-36230-da-QOo $ 191.66 .
� Credit: 101-2g300 : $ 191.6b
Jou_�-rzal e�t�-y to reduca defe=-red doaatiorz revenue and in�ease
denation revenue to actua? per council actien on 06/20/95 .
€ �
I}ONATION R?VENU� WORKSEEST
RECEI�T OF DOI�AT20N
Donation Rec�ived on:
p,aou..*It Received: $
Receipt n for ponation:
p�-r-ocse of Donatioa: POLICE E��TIP_MF�yT F[7ND
Accaunt � far Dcnation: 1a1-2?222 '
(1"�ust be Liability 4 assi�e� far each individual De�ar�eat)
Ee?��TDI'1'U�? OF DC»iT20N
Amot.sft to be Saent: $ 577.04 �
Ta be Spent from P_c� � 101-42110-0I-208 �
(Z�ust be Exp��diture s c��-es:onding to individual De�a..*�e.�t) .
F�:�--pose oy Ex:enditura: linifom ea�i.pment for �fficer tlinters
A..._��'1�7� OF B�DG�TS
A3e�� Dcna�ion Rev�T�ue P_c� s?OZ-36230-00-000: � 577.04
A�ersd Exr��*��iture Acct A IOI-L2110-01-208 : $ � 577.04 �
(T�e two doZlar aaounts shou?d be the sa�e)
GENETtAL JOIIs�2+ E:I�'RY Tfl AD�iT.+ST D03�T=ON L2ABII,IfiY �
� � � �
s`De�it: 101-22222 (Dcr.atien Liability a) $ 577.04
=t Credit: 101-36230-40-00a $ 577.04
�
� Credit: I01-29300 $ 577.04
Jett�-nal entry to reduca de�e�-ed doaation revenue and increase
�oriation revenue to ac�ua? per ccuncil actian oa 06/20I95 .
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: ��. l �o" l�:,,�
Amount Received: • $ �i 1�, a� -
Receipt# for ponation: '
Purpose of Donation: ����,n�'� (��¢s' P��d '�ne,�
Account � for ponation: _ a�.a
(Must be Liabiliry � assigned for each individual Deparunent.)
EXpE:�tDI�URE OF DONATION
Amount to be Spent: � � ��R,5�O�
To be Spent from Acct�: LQ� —�f 51 cc7�--o l — Y.39
(Must be Expenditure � corresponding to individual Department.)
Purpose of Expenditure: �u r ��,q�. e� P�,�c `o.a.�.che.s �`��'
�.�-^.,."��j Cc-.��" a�.��`'e�- �`'�
A11��tDME��1T OF BUDG�TS
Amend Donation Revenue Acct �101-35230-00-000: � 3� (�S,a a
Amend Expenditure Acct � � 3, [�S ,a�
(The two dollar amouncs should be the same.)
GE�'�iERAL JpURNAL F,�`ITRY TO ADNST DONATION LIABII.ITY �
;
; Debit:J O 1—�aa�'Co (Donation Liabiliry � � 3���Si D O
� Credit: 101-36230-00-000 � 3�� g S•00 _
Credit: 101-29300 � �, !�1 S�O a
Joumal entry to reduce deferred donation revenue and increase donation revenue to actual pez
�
council acrion on
1:lforms�donarev.wks
DONATION REVENUE VS'4RKSHEET
RECEIPT OF DONATION
Donation Received on: March 21, 1995 _
Amount Received: $ 1,700.00 �
Receipt# for ponation: � #40837
PurQose of Donation: Rosemount Jaycee Egg Hunt Co-Sponsor
parks and Recreation Depar[ment
Account # for ponation: 101.22223.5
(Must be Liability # assigned for each individual Deparcment)
EY?pE��1DITURE OF DONATION
Amount to be Spent: � 1,700.00
To be Spent from Acct #:
101-45100-01-315.7
(Must be Espenditure # corresponding to individual Department.)
Purpose of Expenditure:
Egg Hunt 1995
A�yLE�1DiViEl�iT OF BUDGETS
Amend Donation Revenue Acct #101-36230-00-000: � 1,700.00
Amend Espenditure Acct#101-45100-01-315.7 $ 1,700.Q0
<(The two dollar amounts should be the same.)
` ? G��g�,L JptTgNAI, El�t'TRY TO ADNST DONATION LIABILITY #
. y
e
s:
�� Debit: 101-22223•5 (Donation Liability � $ 1,700.00
�'
Credit: 101-36230-00-000 � 1,700.00
. Credit: 101-29300 - $ 1,700.00 .
y Journal en[ry to reduce deferred donation revenue and increase donation revenue to actual per
council action on
w:donarev.egg
DONATION REVENIJE �'�'ORKSHEET
RECEIPT OF DONATION
Donation Received on:
March 21, 1995 .
Amount Received: $ 700.00
Receipt # for ponation: �# 40836
Purpose of Donation: Purchase 1995 Run Far the Gold T-Stirts
Account # for ponation: 101.22223.6
(Must be Liability # assigned for each individual Department.)
EXPEYDITURE OF DONATION
Amount to be Spent: $ 700.00
To be Spent from Acct #: 101-45100-90-219
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Purchase 1995 Run For the Gold T-Shirts
A�ti�NDMENT OF BUDGETS
Amend Donazion Revenue Acct #101-36230-00-000: $ 700.00
Amend Expenditure Acct # $ 700.00
(The two dollar amounts should be the same.)
;
GE�IER��L JOURN�I. E�'�TRY TO ADJIIST DONATION LIABILITY #
;
' Debit: 101 22223 6 (Donarion Liability #� � 7�•�
� Credit: 101-36230-00-000 $ 700.00
Credit: 101-29300 $ 700.00
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per
; council action on �
1:iforcnsldonarev.wks