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HomeMy WebLinkAbout6.e. Expenditure Approval from the Donation Account – Parks & Recreation Dept. EXECUTIVE SUMMARY City Council Regular Meeting: July 31, 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 $258.40 for the Leprechaun Days Run for the Gold. EXPENDITURE AMOUNT USE/ITEM PURCHASED DONATION FROM $258.40 Run for the Gold – Sam’s Club - Supplies/Refreshments Various SUMMARY Please consider the expenditure from the Donation Account for the above item. 2 DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received on: Various Amount Received: Various Receipt # for Donation: # N/A Purpose of Donation: Run for the Gold – Sam’s Club Supplies/Refreshments Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION Amount to be Spent: 258.40 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.) Purpose of Expenditure: Run for the Gold – Sam’s Club Supplies/Refreshments AMENDMENT OF BUDGETS Amend Donation Revenue Acct #101-36230.00: 258.40 Amend Expenditure Acct #101-45100-01-439.00 258.40 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY # Debit: 101-22223 (Donation Liability #) 258.40 Credit: 101-36230.00 258.40 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council action on July 31, 2017.