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HomeMy WebLinkAbout6.h. Receive Donation-Approve Expenditure-Police Equipment FundEXECUTIVE SUMMARY City Council Regular Meeting: April 4, 2017 AGENDA ITEM: Receive Donation / Approve Expenditure – Police Equipment Fund AGENDA SECTION: Consent PREPARED BY: Mitchell Scott, Chief of Police AGENDA NO. 6.h. ATTACHMENTS: Donation Worksheet APPROVED BY: LJM RECOMMENDED ACTION: Motion to approve receiving donation of $100 from Kim and Thomas Zensen and expenditure of same for items needed for Community Resource Officer events. SUMMARY Staff recommends that Council approve the receipt of donation of $100 and approve expenditure of $100 on items needed for Community Resource Officer events. CITY OF ROSEMOUNT DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received On 3/22/2017 Amount Received $100.00 Purpose of Donation None Specified. Account Number for Donation 101-22222 (Must be Liability # Assigned for Each Individual Department) EXPENDITURE OF DONATION Amount to be Spent $100.00 To be Spent from Account 101-42110-01-208.02 (Must be Expenditure # Corresponding to Individual Department) Purpose of Expenditure: Money to purchase items needed for Community Resource Officers Events. AMENDMENT OF BUDGETS Amend Donation Revenue Account 101-36230.00 $100.00 Amend Expenditure Account 101-42110-01-208.02 $100.00 (The Two Dollar Amounts Must be the Same) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY # Debit (Donation Liability #) 101-22222 $100.00 Credit 101-36230.00 $100.00 Journal entry to reduce deferred donation revenue account and increase donation revenue account to actual per City Council action on: 4/4/2017