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Home My WebLink About6.f. Receive Donation – Parks & Recreation Dept. EXECUTIVE SUMMARY City Council Regular Meeting: March 21, 2017 AGENDA ITEM: Receive Donation – Parks & Recreation Dept. AGENDA SECTION: Consent PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. 6.f. ATTACHMENTS: None APPROVED BY: LJM RECOMMENDED ACTION: Motion to approve receiving the following donations: $500 from Dakota Electric for the annual Arbor Day event and $1,000 from The First State Bank of Rosemount for Safety Camp. ISSUE Receive donations. BACKGROUND Motion to approve receiving the following donations: $500 from Dakota Electric for the annual Arbor Day event and $1,000 from The First State Bank of Rosemount for Safety Camp. SUMMARY This is a request for Council to receive the donations listed above. 2 DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received On: 03-10-17 from Dakota Electric Amount Received: $500 Purpose of Donation: Arbor Day Account # for Donation: 101-22223 (Must be Liability # Assigned for Each Individual Department) EXPENDITURE OF DONATION Amount to be Spent: $ To be Spent from Account #: (Must be Expenditure # Corresponding to Individual Department) Purpose of Expenditure: AMENDMENT OF BUDGETS Amend Donation Revenue Account #101-36230.00: $ Amend Expenditure Account # :$ (The Two Dollar Amounts Must be the Same) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY # Debit: 101-22223 (Donation Liability #) $ Credit: 101-36230.00 $ Journal entry to reduce deferred donation revenue account and increase donation revenue account to actual per City Council action on: 03-21-17 . DONATION REVENUE WORKSHEET 3 RECEIPT OF DONATION Donation Received On: 03-13-17 from The First State Bank of Rosemount Amount Received: $1,000 Purpose of Donation: Safety Camp Account # for Donation: 101-22223 (Must be Liability # Assigned for Each Individual Department) EXPENDITURE OF DONATION Amount to be Spent: $ To be Spent from Account #: (Must be Expenditure # Corresponding to Individual Department) Purpose of Expenditure: AMENDMENT OF BUDGETS Amend Donation Revenue Account #101-36230.00: $ Amend Expenditure Account # :$ (The Two Dollar Amounts Must be the Same) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY # Debit: 101-22223 (Donation Liability #) $ Credit: 101-36230.00 $ Journal entry to reduce deferred donation revenue account and increase donation revenue account to actual per City Council action on: 03-21-17 .