HomeMy WebLinkAbout6.e. Expenditure Approval from the Donation Account – Parks & Recreation Dept.
EXECUTIVE SUMMARY
City Council Regular Meeting: July 5, 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 $771.50 for
Safety Camp and $250 for the Blarney Stone Hunt.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$299.00
Jumpity Jump – Safety Camp
1st State Bank of
Rosemount,
Dakota Electric, MN
Energy
$472.50
Suzi’s Kitchen – Safety Camp
1st State Bank of
Rosemount,
Dakota Electric, MN
Energy
$250.00
First State Bank of Rosemount – Coins for Blarney Stone
Hunt.
CF Industries
$1021.50 Total
SUMMARY
Please consider the expenditure from the Donation Account for the above items.
2
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 1st State Bank of Rosemount, Dakota Electric,
MN Energy Amount Received: Various Receipt # for Donation: Various Purpose of Donation:
Safety Camp – Jumpity Jump Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $299.00 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Safety Camp – Jumpity Jump
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $299.00 Amend Expenditure Acct #101-45100-01-439.00 $299.00 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $299.00 Credit: 101-36230.00 $299.00 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on July 5, 2017.
3
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 1st State Bank of Rosemount, Dakota Electric,
MN Energy Amount Received: Various Receipt # for Donation: Various Purpose of Donation:
Safety Camp – Suzie’s Kitchen Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $472.50 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Safety Camp – Suzie’s Kitchen
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $472.50 Amend Expenditure Acct #101-45100-01-439.00 $472.50 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $472.50 Credit: 101-36230.00 $472.50 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on July 5, 2017.
4
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 06-28-17 CF Industries
Amount Received: $300.00 Receipt # for Donation: # N/A Purpose of Donation:
Leprechaun Days Blarney Stone Hunt – Coins Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $250.00 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Leprechaun Days Blarney Stone Hunt - Coins
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $250.00 Amend Expenditure Acct #101-45100-01-439.00 $250.00 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $250.00 Credit: 101-36230.00 $250.00 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on July 5, 2017.