HomeMy WebLinkAbout6.f. Expenditure Approval from the Donation Account – Parks & Recreation Dept. - Sunny Bunny
EXECUTIVE SUMMARY
City Council Regular Meeting: March 17, 2020
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 $846.45 for the
Spring Egg Hunt as detailed on the attached donation revenue worksheet.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$846.45
Sunny Bunny Easter Eggs – Egg Hunt Supplies
Rosemount Lions
SUMMARY
Please consider the expenditure of funds from the Donation Account for the above item.
2
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 01-29-20 – 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: $792.00 Eggs and $54.45 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: $846.45 Amend Expenditure Acct #101-45100-01-439.00 $846.45 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $846.45 Credit: 101-36230.00 $846.45 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on March 17, 2020.