HomeMy WebLinkAbout6.i. Receive Donation - Exective Summary for Magellan Pipeline Donation
E X E C U T I V E S U M M A R Y
City Council Meeting: January 2, 2019
AGENDA ITEM: Receive Donation AGENDA SECTION:
Consent
PREPARED BY: Rick Schroeder, Fire Chief AGENDA NO. 6.i.
ATTACHMENTS: Donation Worksheet APPROVED BY: LJM
RECOMMENDED ACTION: Motion to receive a donation in the amount of $500.00 from
Magellan Pipeline Company, LP.
SUMMARY
The Council is asked to approve a donation from Magellan Pipeline Company, LP in the amount of
$500.00. This donation will be utilized to purchase equipment at a later date.
RECOMMENDATION
Staff recommends the Council approve a motion to receive a donation in the amount of $500.00 from the
Magellan Pipeline Company, LP for future equipment purchases.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received On:
Amount Received: $
Purpose of Donation:
Account # for ponation:
Must be Liability # Assigned for Each Individual Department)
EXPENDITURE OF DONATION
Amount to be Spent: $
To be Spent from Account#:
Must be Expenditure # Corresponding to Individual Department)
Purpose of Expenditure:
AMENDMENT OF BUDGETS
Amend Donation Revenue Account#101-36230.00: $
Amend Expenditure Account#
The Two Dollar Amounts Must be the Same)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit:Donation Liability #) $
Credit:101-36230.00
Journal entry to reduce deferred donation revenue account and increase donation
revenue account to actual per City Council action on: