HomeMy WebLinkAbout6.f. Expenditure Approval from the Donation Account – Parks & Recreation Dept
E X E C U T I V E S U M M A R Y
City Council Regular Meeting: May 21, 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 $500 for Arbor
Day.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$500.00
Cross Nursery – Arbor Day
Dakota Electric
RECOMMENDATION
Staff recommends the expenditure from the Donation Account for the above item.
2
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 03-21-19 from Dakota Electric
Amount Received:
$500
Receipt # for Donation:
099723
Purpose of Donation:
Arbor Day – Cross Nursery - Trees
Account # for Donation:
101-22223
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent:
$500
To be Spent from Acct #:
101-45100-01-439.00
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Arbor Day – Cross Nursery - Trees
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00:
$500
Amend Expenditure Acct #101-45100-01-439.00
$500
(The two-dollar amounts should be the same.)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #)
$500
Credit: 101-36230.00
$500
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on May 21, 2019.