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Warren County ABC Board approves $50,000 principal payment after reporting November sales gain
Summary
The board approved a $50,000 principal-only payment on the Lake Store loan after General Manager Jamie H. Williams reported November sales were $24,000 higher than the prior year and December sales dipped slightly.
At its Jan. 9 meeting the Warren County ABC Board heard a brief financial report from General Manager and Finance Officer Jamie H. Williams and approved a principal-only payment toward a store loan.
Williams reported that November sales were up $24,000 compared with the prior year and that December sales were slightly down, mirroring a statewide trend noted in the minutes. After the report, Danylu Hundley moved to make a $50,000 principal-only payment on the Lake Store loan; Henry Durham Jr. seconded the motion and it was approved.
The minutes record the board’s approval but do not include a roll-call tally or describe how the payment will be funded in the board’s operating budget. The minutes also contained an inventory update noting ongoing improvements in monthly inventory reports and spot checks. No additional financial details or funding sources for the principal payment were specified in the minutes.
