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ORANGE COUNTY ABC BOARD—AGENDA FORM <br /> Meeting Date: January 23,2024 Agenda Item #8 <br /> Regular Session X <br /> Closed Session <br /> Section 4 <br /> Previously projected capital expenses have been adjusted per actual expenses. The warehouse <br /> delivery trucks have decreased(-$130,400) as the truck is not expected to be delivered until the Fall <br /> of 2024 (in the 2025 fiscal year). Expenses for warehouse purchases have increased $3,750. <br /> The costs of office window installation increased$4,800 while funds allocated for other <br /> office purchases decreased -$6,750.Net position increased $128,600. <br /> Section 5 <br /> Capital expenditures for requested store expenditures have been increased $246,280 (plus a <br /> $40,820 adjustment to funds from the Roxboro Savings account).Net position decreased -$287,100. <br /> The summary effect on working capital (change in net position)was a net decrease of-$160,630. <br /> 2. Revised Annual Budget/Worksheet for Fiscal Year 2023 (Attachment"B"): <br /> The revised annual budget worksheet shows the current year budget and changes related to the <br /> mid-year amendment. Mid-year increases to working capital/change in net position are recorded in <br /> green font and decreases in red. <br /> Action Requested: <br /> 1. Review and discuss as needed. <br /> 2. Vote approval of budget amendment. <br /> Financial Impact: See Above <br /> Staff Recommendations/Comments:None <br /> Page 2 of 5 pages <br />