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HomeMy WebLinkAbout6.e. Receive Donation – Parks & Recreation - Dakota ElectricCity Council Regular Meeting: May 19, 2020 EXEC U T I V E S U M M A R Y AGENDA ITEM: Receive Donation – Parks & Recreation Dept. AGENDA SECTION: Consent PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. 6.e. ATTACHMENTS: None APPROVED BY: LJM RECOMMENDED ACTION: Motion to approve receiving the following donation: $500 from Dakota Electric for the annual Arbor Day event. BACKGROUND The City is pleased to have received the following donation; $500 from Dakota Electric for the annual Arbor Day event. We thank Dakota Electric for this donation. RECOMMENDATION Staff recommends the Council to receive the donation listed above. DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received On: 05-05-20 from Dakota Electric Amount Received: $500 Purpose of Donation: Arbor Day Account # for Donation: 101-22223 (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 LI ABILITY # Debit: 101-22223 (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: 05-19-20 . DONATION REVENUE WORKSHEET 2