HomeMy WebLinkAbout8.m. Donation Account Expenditure - Parks & Recreation Y �
CITY OF ROSEMOUNT
EXECUTIVE SLIMMARY FOR ACTION
CTTY COUNCIL MEETING DATE: MAY 18, 1993
AGENDA ITEM: ponation Accc�unt Expenditure AGENDA SECTION:
Consent
PREPARED BY: Lisa Jost AGENDA ��►/1 ■.
Assistant Director of Parks and Recreation C���1 �Y�
ATTACHMENTS: APPROV B :
Donation Revenue Worksheets
According to the donation policy, council must agprove expenditures from the
donation account. Please consider the transfer of $500. 00 to assist in the
purchase of t-shirts for the 7th Annual Run for the Gold fun run event.
A danation of $5�0.00 was received from the Rosemount Jaycee organization to
help offset the total expense of t-shirts for fun run event during Leprechaun
Days. The t-shirts will be tanJnatural in color with the fun run design and
Jaycee logo printed with forest green ink.
The estimated total amount of the purchase is $1,656. 40. The balance of
$1,156.00 wi11 be expended fram the Track and Field (Fun Run) account
,#101-45100-90. 1-219.
The Council is requested at this time to authorize the transfer of $500.00
from our donation account #1�1-36230-00-004 to the operation account of our
department #101-45100-90. 1-219.
RECOMMENDED ACTTON: Motion to approve the expenditure of $500.00 for
the Fun Run program and to approve the amendments to the budgets as
given on the attached donation revenue worksheets.
COUNCIL ACTIDNt
cound93.2
. ,
DONATION REVENUE WORR&HEET
RECEZPT OF Dt?NATION
Donation Received on: 4-21-93
Amount Received: $ 500. 00
Receipt � far ponation: ��33321 •
Purpose of Donation: ..1C T=shirts for 'the Riin for 'the Gold / Fun Run
Account � for ponatian: ��101-22223
(Must be Liability � assigned for each individual Department)
EXPENDITtTRE OF DONATION �
Amount to be Bpent: $ 500 . 00
To be Sp�nt f rom Acct �; t D�-�t..Sf�o - q p,i � �!q
(Must be Expenditure � corresponding to individual Department)
Jcx�"--c.Qa..
Puzpose of ExpendituZ'e: Purchase o� Fun Run shirts
AMENDMENT OF BIIDGETS
.., .
. _ Amend Donation Revenue Acct �101-36230-a0-000: $ 500 . q0
Amend Expenditure Acct # 101-45100-90 . 1-219 : $ 50d. 00
' (The two dollar amounts should be the same)
GENERAI, 30t3RNAL ENTRY TO .A'DJIIST DONATION LIABILITY #
Debit: �b.�- 2�3�'� (Donation Liability �j $ 500 .00
Credit: 101-36230-00-000 . $ 50� ,04
Credit: 101-29300 $ 504 .00
. Journal entry to reduce defe=red donation .revenue and increase
donation revenue to actual per council action on 5-18-93