HomeMy WebLinkAbout6.g. Expenditure Approval from the Donation Account – Parks & Recreation Dept. - Blarney Stone Hunt
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.g.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: LJM
RECOMMENDED ACTION: Motion to approve the donation expenditure of $250 for the
Blarney Stone Hunt.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$250.00
First State Bank of Rosemount – Coins for Blarney Stone
Hunt.
Various
RECOMMENDATION
Staff recommends approval of the expenditure of funds from the Donation Account for the above item.
2
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received from: Various
Amount Received: Varies
Receipt # for Donation: # N/A Purpose of Donation:
Leprechaun Days Blarney Stone Hunt Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $250.00 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Leprechaun Days Blarney Stone Hunt
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $250.00 Amend Expenditure Acct #101-45100-01-439.00 $250.00 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $250.00 Credit: 101-36230.00 $250.00 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on July 20, 2021.