HomeMy WebLinkAbout6.d. Expenditure Approval from the Donation Account – Parks & Recreation DeptEXECUTIVE SUMMARY
City Council Regular Meeting: April 4, 2017
AGENDA ITEM: Expenditure Approval from the Donation
Account – Parks & Recreation Dept.
AGENDA SECTION:
Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. 6.d.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: LJM
RECOMMENDED ACTION: Motion to approve the donation expenditure of $1268.26 for
the Spring Egg Hunt as detailed on the attached donation revenue worksheet.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$1268.26
Sam’s Club – Egg Hunt Supplies
Rosemount Lions
SUMMARY
Please consider the expenditure of funds from the Donation Account for the above item.
2
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 02-07-17 – Rosemount Lions Club
Amount Received: $2,000
Receipt # for Donation: # N/A
Purpose of Donation:
Egg Hunt – Sam’s Club - Supplies
Account # for Donation: 101-22223
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent: $1268.26
To be Spent from Acct #: 101-45100-01-439.00
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Egg Hunt – Sam’s Club - Supplies
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $1268.26
Amend Expenditure Acct #101-45100-01-439.00 $1268.26
(The two-dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $1268.26
Credit: 101-36230.00 $1268.26
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on April 4, 2017.