HomeMy WebLinkAbout6.k. Donation Acceptance and Expenditure – Police Equipment Fund
EXECUTIVE SUMMARY
City Council Meeting: January 4, 2022
AGENDA ITEM: Donation Acceptance and Expenditure – AGENDA SECTION:
Police Equipment Fund Consent
PREPARED BY: Mikael Dahlstrom, Chief of Police AGENDA NO. 6.k.
ATTACHMENTS: Worksheet APPROVED BY: LJM
RECOMMENDED ACTION: Motion to approve the receipt and expenditure of $500 in
donations to the police department to be utilized for general Department initiatives.
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.
Recently, a donation was made to support the Department with general initiatives as needs arise. A $500
donation was made from a Rosemount resident and Council Member. This donation is very much
appreciated and will be useful within the Department.
RECOMMENDATION
Staff recommends Council approve the receipt and expenditure of the $500 received for general needs and
initiatives of the Department.
CITY OF ROSEMOUNT
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received On December 8, 2021
Amount Received $ 500
Purpose of Donation General Department Initiatives
Account Number for
Donation 101-22222
(Must be Liability # Assigned for Each Individual Department)
EXPENDITURE OF DONATION
Amount to be Spent $ 500
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 surrounding general
initiatives as needs arise.
AMENDMENT OF BUDGETS
Amend Donation Revenue Account 101-36230.00 $ 500
Amend Expenditure Account 101-42110-01-208.02 $ 500
(The Two Dollar Amounts Must be the Same)
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit (Donation Liability #) 101-22222 $ 500
Credit 101-36230.00 $ 500
Journal entry to reduce deferred donation revenue account and
increase donation revenue account to actual per City Council action
January 4, 2022
on: