HomeMy WebLinkAbout6.g. Expenditure Approval from the Donation Account – Parks & Recreation Dept
EXECUTIVE SUMMARY
City Council Regular Meeting: April 21, 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.g.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: LJM
RECOMMENDED ACTION: Motion to approve the donation expenditure of $2500.00 for
general construction costs paid to Terra General Contractors for the Family Resource
Center Expansion Project.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$2500.00
Terra General Contractors / general construction costs
Bolton & Menk
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: 05-29-19
Amount Received: $2500.00 Receipt # for Donation: # N/A Purpose of Donation:
General Construction Costs Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $2500.00 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: General Construction Costs
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $2500.00 Amend Expenditure Acct #101-45100-01-439.00 $2500.00 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $2500.00 Credit: 101-36230.00 $2500.00 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on April 21, 2020.