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i <br /> ORANGE COUNTY ABC BOARD—AGENDA FORM <br /> Meeting Date: June 18,2024 Agenda Item#7 <br /> Regular Session X <br /> Closed Session_ <br /> Section 5 <br /> Interest income has been increased$2,075.Unused law enforcement distributions have been <br /> decreased by$35,000 based on Chapel Hill Police's unfulfilled request for Car funding. Therefore, <br /> change in net position has been increased$37,075. <br /> Section 6 <br /> Capital expenditures have been adjusted and reallocated based on year-end projections. <br /> Funds allocated for security camera upgrades, store shelving and a digital video recorder(DVR) <br /> have been decreased(420,280). Installation of upgrades to the office/warehouse's seven-year-old <br /> back-office software to ensure compatibility with the new registers in the stores has been added <br /> ($29,025).Minor renovation work at Store 007 ($3,985),product coolers at Store 006 and 001 <br /> ($6,740) and AEDS for the stores and office ($15,020)have been added.Anticipated debt service <br /> has been decreased-$5,000. The total change in net position has been decreased by-$29,490. <br /> The TOTAL effect on change in net position(working capital retained) for all sections is an increase <br /> of$203,900. <br /> 2. Revised Annual Budget/Worksheet for Fiscal Year 2024 (Attachment"B"): <br /> The revised annual budget worksheet shows the current year budget, changes related to the <br /> mid-year amendment as well as the net changes due to the year-end amendment. Increases to working <br /> capital/change in net position are recorded in 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 />