HomeMy WebLinkAbout6.j. Expenditure Approval from the Donation Account – Parks & Recreation Dept.
EXECUTIVE SUMMARY
City Council Regular Meeting: April 20, 2021
AGENDA ITEM: Expenditure Approval from the Donation
Account – Parks & Recreation Dept.
AGENDA SECTION:
Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. 6.j.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: LJM
RECOMMENDED ACTION: Motion to approve the donation expenditure of $1993.87 for
the Spring Egg Hunt as detailed on the attached donation revenue worksheet.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$1993.87
Sam’s Club – Egg Hunt Supplies
Rosemount Lions
RECOMMENDATION
Staff recommends 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 – Sam’s Club - Supplies Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $1878.56 Candy and $115.31 Sales Tax To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Egg Hunt – Sam’s Club - Supplies
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $1993.87 Amend Expenditure Acct #101-45100-01-439.00 $1993.87 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $1993.87 Credit: 101-36230.00 $1993.87 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on April 20, 2021.