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Attachment 1 <br /> Register of Deeds Automation <br /> Project Category: County Capital Project Status: Active Project Type <br /> Functional Service Support Services Proposed Bid TBD New X <br /> Area: Award Date: <br /> Department: Asset Management Starting Date: N/A Expansion <br /> Services <br /> Project Number: 30009 Completion Date: N/A Renovation <br /> Replacement X <br /> Project Description/Justification: Funding of$80,000 in each fiscal year throughout the plan is for the <br /> acquisition of technology for the preservation and storage of public records in the Register of Deeds Office. <br /> The Register of Deeds Automation project is funded with fees collected by the Register of Deeds. The funding is <br /> mandated by NC General Statute 161-11.3 which requires all Counties to reserve ten percent of revenue <br /> collected and retained by the County in a nonreverting Automation Enhancement and Preservation Fund. <br /> FINANCIAL SUMMARY <br /> Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6 <br /> Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to <br /> Project Budget Funding 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 Total Year 10 <br /> Expenses <br /> Professional Services <br /> Construction/Repairs/Renovations <br /> Equipment/Furnishings 1,175,514 80,000 80,000 80,000 80,000 80,000 80,000 400,000 400,000 <br /> Total Project Budget 1,175,514 80,000 80,000 80,000 80,000 80,000 80,000 400,000 400,000 <br /> Funding Sources <br /> Transfer from General Fund <br /> Register of Deeds Fees 1,175,514 80,000 80,000 80,000 80,000 80,000 80,000 400,000 400,000 <br /> Debt Financing <br /> Total 1,175,514 80,000 80,000 80,000 80,000 80,000 80,000 400,000 400,000 <br /> Impact on Operating Budget <br /> Personnel Services <br /> Operations <br /> Recurring Capital <br /> New/Add?Revenue <br /> Total Operating Costs - - - - - - <br />