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HomeMy WebLinkAbout6.d. Receive Donation – Fire Department EXECUTIVE SUMMARY City Council Regular Meeting: April 6, 2021 AGENDA ITEM: Receive Donation – Fire Department AGENDA SECTION: Consent PREPARED BY: Logan Martin, City Administrator AGENDA NO. 6.d. ATTACHMENTS: Donation revenue worksheet APPROVED BY: LJM RECOMMENDED ACTION: Motion to approve receipt of an anonymous donation in the amount of $5,000 to the Rosemount Fire Department. BACKGROUND In late January, the Fire Department received an anonymous monetary donation left at the Fire Department. Staff has attempted to determine who generously donated $5,000 to the Department, but we have been unable to do so. City Attorney Tietjen provided guidance on how best to handle this donation, and it was determined that accepting the cash donation into the Fire Department’s donation account would be the best action going forward. We sincerely appreciate this donation and it will be put to good use by the Department. It is unfortunate that we can’t directly thank the donor, but it’s clear they wished to remain anonymous in this generous act. RECOMMENDATION Staff recommends the Council receive the above listed donation. DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received On: ____1/31/2021___________________ Amount Received: $___5,000.00__________ Purpose of Donation: ___Fire Department Needs_____________ Account # for Donation: __101-22220______________________ (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 LIABILITY # Debit: #101-22220 (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: ______________