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Register of Deeds Automation <br />Project Category:County Capital Project Status:Active Project Type <br />Functional Service <br />Area:Support Services Proposed Bid <br />Award Date:TBD New <br />X <br />Department:Asset Management <br />Services Starting Date:N/A Expansion <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 /> <br /> <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 Year 10 <br />Expenses <br /> Professional Services <br /> Construction/Repairs/Renovations <br /> Equipment/Furnishings 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/Add'l Revenue <br /> Total Operating Costs ------- <br />60