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BUDGETAMENDMENT <br /> ORANGE COUNTY ABC BOARD <br /> BE IT ORDAINED by the Orange County ABC Board that the following amendment be made to <br /> the annual budget ordinance for the fiscal year ending June 30, 2020. <br /> Section 1. To increase additional revenues received from the sale of property at 112 John Earl <br /> Street, Hillsborough, NC. <br /> Revenues received from the sale of 112 John Earl St. 450,000 <br /> Total additional revenues 4 <br /> Section 2. To increase expenditures related to the loss on disposal of an asset, due to the sale <br /> of the property at 112 John Earl St. <br /> increase decrease <br /> LOSS on disposal of an asset 348,450 <br /> Working Capital retained 348,450 <br /> Section 3. To increase outlay for capital expenditures related to the cost of upgrading and <br /> installing security surveillance equipment in our retail stores. <br /> increase decrease <br /> Security equipment 38,000 <br /> Working capital retained 38,000 <br /> Section 4. Copies of this budget amendment shall be furnished to the Clerk of the County of <br /> Orange County,the NC ABC Commission, and to the Budget Officer and the Finance Officer <br /> for their direction. <br /> [Adop�ted this 19th day of November,2019 <br /> Tt1do!Ulil--�1 QLL i i(I `II 19 <br /> Keith Bagby, rj <br /> Orange County ABC Chairman <br />