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HomeMy WebLinkAbout3.b. Receive Donation – Parks & Recreation Dept. - RAAAEXECUTIVE SUMMARY City Council Special Meeting: October 19, 2021 AGENDA ITEM: Receive Donation – Parks & Recreation Dept. AGENDA SECTION: Presentation PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. 3.b. ATTACHMENTS: Donation Worksheet APPROVED BY: LJM RECOMMENDED ACTION: Motion to approve receiving the following donation: $40,000 from the Rosemount Area Athletic Association towards the cost of batting cages at UMore & Shannon Park. BACKGROUND The Rosemount Area Athletic Association has been a good partner of the City’s for many years. Staff recently worked with them to discuss future projects, and batting cages were raised as a desired item. As such, we have a $40,000 donation from the Rosemount Area Athletic Association towards the cost of batting cages at UMore & Shannon Park. The City thanks them very much for this kind donation. RECOMMENDATION Staff recommends the City Council receive the donation listed above. 2 DONATION REVENUE WORKSHEET RECEIPT OF DONATION Donation Received On: 10-04-21 – from Rosemount Area Athletic Assoc Amount Received: $ 40,000 Purpose of Donation: Batting Cages at UMore & Shannon Park Account # for Donation: 101-22223 (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: 101-22223 (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: 10-19-21 .