Orange County NC Website
Browse       Search
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 Capital Investment <br /> Plan is requested to acquire technology for the preservation and storage of public records in the Register of <br /> Deeds Office. The Register of Deeds Automation project is funded with fees collected by the Register of <br /> Deeds. This funding is mandated by NC General Statute 161-11.3 which requires all Counties to reserve ten <br /> percent of revenue collected and retained by the County in a nonreverting Automation Enhancement and <br /> 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 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Total Year10 <br /> Expenses <br /> Professional Services <br /> Construction/Repairs/Renovations <br /> EquipmentJFurnishings 1,255,514 80,000 80,000 80,000 80,000 80,000 80,000 400,000 400,000 <br /> Total Project Budget 1,255,514 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 1,255,514 80,000 80,000 80,000 80,000 80,000 80,000 400,000 400,000 <br /> Debt Financing <br /> Total 1,255,514 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/Add7 Revenue <br /> Total Operating Costs <br /> 60 <br />