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HomeMy WebLinkAbout6.e. Donation Acceptance – Legion Post 65 - Kids Dance EXECUTIVE SUMMARY City Council Meeting: July 20, 2021 AGENDA ITEM: Donation Acceptance – Police Equipment Fund AGENDA SECTION: Consent PREPARED BY: Mikael Dahlstrom, Chief of Police AGENDA NO. 6.e. ATTACHMENTS: Worksheet APPROVED BY: LJM RECOMMENDED ACTION: Motion to accept donation in the amount of $700 from American Legion Post No. 65 to the Police Equipment Fund and to approve the expenditure of these funds to use for the 2021 Leprechaun Days Kid’s Dance BACKGROUND The Police Equipment Fund has been set up for the purpose of receiving donations that are designated for the Police Department. Expenditures from this account are only made after approval is received from the City Council. American Legion Post No. 65 has continued to partner with the Rosemount Police Department to support community engagement activities. The Council is asked to accept the donation from Rosemount American Legion Post No. 65 in the amount of $700. The donation was made to the Rosemount Police Department to help cover expenses related to the Kid’s Dance during Leprechaun Days 2021. RECOMMENDATION Staff recommends the acceptance of the donation and authorization of the expenditure. CITY OF ROSEMOUNT DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received On 7/8/21 Amount Received $ 700.00 Purpose of Donation Community Engagement Activity – KIDS DANCE 2021 Account Number for Donation 101-22222 (Must be Liability # Assigned for Each Individual Department) EXPENDITURE OF DONATION Amount to be Spent $ 700.00 To be Spent from Account 101-42110-01-208.02 (Must be Expenditure # Corresponding to Individual Department) Purpose of Expenditure: Money to help cover expenses related to community engagement activities sponsored by the Rosemount Police Department. AMENDMENT OF BUDGETS Amend Donation Revenue Account 101-36230.00 $ 700.00 Amend Expenditure Account 101-42110-01-208.02 $ 700.00 (The Two Dollar Amounts Must be the Same) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY # Debit (Donation Liability #) 101-22222 $ 700.00 Credit 101-36230.00 $ 700.00 Journal entry to reduce deferred donation revenue account and increase donation revenue account to actual per City Council action on: