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i <br /> ORANGE COUNTY ABC BOARD—AGENDA FORM <br /> i <br /> Meeting Date: January 20,2026 <br /> Agenda Item #8 <br /> Regular Session X <br /> Closed Session i <br /> Section 3 <br /> The amount allocated for other-post-employment benefits (retiree health insurance)as calculated <br /> by actuarial has been reduced while interest earned in investments has been increased. <br /> Retiree Group Insurance -$54,151 <br /> i <br /> Interest income (investments) $10,000 <br /> The net impact on working capital retained/change in net position is an increase of$64,151. <br /> Proposed increases/savings s in expenses and increases in interest income has resultedi p g p n no net change in <br /> working capital retained/change in net position. <br /> 2. Revised Annual Budget/Worksheet for Fiscal Year 2026: <br /> The revised annual budget worksheet shows the current year budget and changes related to the mid- <br /> year amendment. Mid-year increases in working capital/change in net position (net decreases in expenses <br /> or increases in income) are recorded in green font. Increases in expenses resulting in decreases in working <br /> capital/change in net position are recorded in red font. <br /> The mid-year amendment is a "net zero' adjustment to the budget in that recommended increases <br /> and decreases to the budget are off setting. <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 4 pages <br />