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ORANGE COUNTY ABC BOARD—AGENDA FORM <br /> Meeting Date: August 23,2022 Agenda Item ##6a <br /> Regular Session X <br /> Closed Session <br /> 3. Actual to Budget Comparison for Year-to-Date 2022 (Attachment"C"): <br /> With the beginning of a new fiscal year,the process of examining the annual budget <br /> begins anew, How the implementation of the new GASB 87 standard will affect the budget <br /> remains to be seen. Items like lease interest and amortization expenses are currently not <br /> budgeted and may need to be added through a budget amendment. As some expense items <br /> (depreciation) are not considered to part of the budget,it remains to be determined whether <br /> the new lease-related"expenses"will be budgeted at all. <br /> Action Requested: <br /> 1. Consent Agenda Item, <br /> 2. Review and discuss as needed. <br /> Financial Impact: See Above <br /> Staff Recommendations/Comments:None <br /> Page 2 of 4 pages <br />