Arrow is clearly pointing to counterbore. follow the print.
As
KatmandudaMeow says, the counterbore might be the piloting feature or hinge bearing shoulder bolt, and the bore is a thru-hole for a threaded retainer.
Another thing to bring up is that the application of that FCF is part of your question. It's in error. FCF's should be clearly defined and relative to single feature(s) of size, and not implied relevant to multiple features or concentric items. --The Diameter and counterbore should be independently defined and controlled, even if simultaneous application of the same FCF is expected.
Arrow is clearly pointing to counterbore. follow the print.
As
KatmandudaMeow says, the counterbore might be the piloting feature or hinge bearing shoulder bolt, and the bore is a thru-hole for a threaded retainer.
Another thing to bring up is that the application of that FCF is part of your question. It's in error. FCF's should be clearly defined and relative to single feature(s) of size, and not implied relevant to multiple features or concentric items. --The Diameter and counterbore should be independently defined and controlled, even if simultaneous application of the same FCF is expected.