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ORANGE COUNTY ABC BOARD <br /> BE IT ORDAINED by the Orange County ABC Board that the following amendment be made to the annual budget <br /> ordinance for the fiscal year ending June 30, 2022. <br /> Section I To increase debt service obligations related to the construction of the new Mebane store due to <br /> proceeds received from the construction loan with First Horizon bank <br /> increase decrease <br /> Capital receipts(loan proceeds) $2,719,000 <br /> Appropriated fund balance $2,350,000 <br /> Working capital retained(Change in net position) $369,000 <br /> Section 2 To increase expenditures related to the full satisfaction of the debt service/loan obligation with <br /> Roxboro Savings Bank incurred during the construction of the Oakdale Drive(Hillsborough)store <br /> increase decrease <br /> Debt service(Roxboro Savings Bank) $1,897,973 <br /> Appropriated fund balance $1,897,973 <br /> Debt service (monthly principal) $33,683 <br /> Working capital retained (Change in net position) $33,683 <br /> Section 3 Copies of this budget amendment shall be furnished to the Clerk of the County of Orange County,the <br /> NC ABC Commission,and to the Budget Officer and the Finance Officer for their direction. <br /> Adopted this 22nd day of February 2022 <br /> Pat Burns, <br /> Orange County ABC Chairman <br />