HomeMy WebLinkAbout6.f. Expenditure Approval from the Donation Account – Parks & Recreation Dept. - Accelerated Technologies
EXECUTIVE SUMMARY
City Council Regular Meeting: July 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.f.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: LJM
RECOMMENDED ACTION: Motion to approve the donation expenditure of $3000.00 for
Sound System Upgrades at the Rosemount Community Center Ice Arena.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$3000.00
Accelerated Technologies, LLC / Sound System Upgrades
Rosemount Youth
Hockey Boosters
RECOMMENDATION
Staff recommends approval of the expenditure from the Donation Account for the above item.
2
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received from: Rosemount Youth Hockey Boosters
Amount Received: $3000.00 Receipt # for Donation: # 103011 Purpose of Donation: Sounds System Upgrades - ARENA
Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $3000.00 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Sound System Upgrades - ARENA
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $3000.00 Amend Expenditure Acct #101-45100-01-439.00 $3000.00 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $3000.00 Credit: 101-36230.00 $3000.00 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on July 20, 2021.