HomeMy WebLinkAbout6.f. Expenditure Approval from the Donation Account – Parks & Recreation Dept. - Egg Hunt
EXECUTIVE SUMMARY
City Council Regular Meeting: February 19, 2019
AGENDA ITEM: Expenditure Approval from the Donation
Account – Parks & Recreation Dept.
AGENDA SECTION:
Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. 6.f.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: LJM
RECOMMENDED ACTION: Motion to approve the donation expenditure of $801.56 for the
Spring Egg Hunt as detailed on the attached donation revenue worksheet.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$801.56.
Sunny Bunny Easter Eggs – Egg Hunt Supplies
Rosemount Lions
RECOMMENDATION
Staff recommends the expenditure of funds from the Donation Account for the above item.
2
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 01-22-19 – Rosemount Lions Club
Amount Received: $2,000 Receipt # for Donation: # N/A Purpose of Donation:
Egg Hunt – Sunny Bunny Easter Eggs - Supplies Account # for Donation: 101 -22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $750.00 Eggs and $51.56 Sales Tax To be Spent from Acct #: 101 -45100 -01 -439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Egg Hunt – Sunny Bunny Easter Eggs - Supplies
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $801.56 Amend Expenditure Acct #101-45100 -01-439.00 $801.56 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $801.56 Credit: 101-36230.00 $801.56 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on February 19, 2019.