HomeMy WebLinkAbout6.e. Expenditure Approval from the Donation Account – Parks & Recreation Dept.
EXECUTIVE SUMMARY
City Council Regular Meeting: June 6, 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.e.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: LJM
RECOMMENDED ACTION: Motion to approve the donation expenditure of $297.80 from
the Veterans’ Memorial donation account for the Memorial Day event, $1,090.40 for Safety
Camp.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$23.72
Ken Talbert – Supplies for the Memorial Day event
Various
$274.08
Ken Talbert – Supplies for the Memorial Day event
Various
$1,090.40
Pilgrim Promotions – Safety Camp
Various
$1,388.20 Total
SUMMARY
Please consider the expenditure from the Donation Account for the above items.
2
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: Various
Amount Received: Various Receipt # for Donation: Various Purpose of Donation:
Vets’ Memorial – Memorial Day event Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $297.80 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Vets’ Memorial – Memorial Day event
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $297.80 Amend Expenditure Acct #101-45100-01-439.00 $297.80 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $297.80 Credit: 101-36230.00 $297.80 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on June 6, 2017.
3
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 1st State Bank of Rosemount, Dakota Electric
Amount Received: Various Receipt # for Donation: Various Purpose of Donation:
Safety Camp – Pilgrim Promotions -T-Shirts Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $1090.40 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Safety Camp – Pilgrim Promotions -T-Shirts
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $1090.40 Amend Expenditure Acct #101-45100-01-439.00 $1090.40 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $1090.40 Credit: 101-36230.00 $1090.40 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on June 6, 2017.