Agenda - 12-03-2001-8i - Laserfiche WebLink

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FINANCIAL IMPACT: Curtent year budgeted revenues $1,184,5]8. Tha General Assembly ditl not raVfy House therefore, the Curtent year Register of Deeds revenues were 2001 and not on those outlinetl in House BIII 1073. I[ Is Impcdant k note that about 5] percent of the kkl ExciseJRevenue Stamps that are sktutortly sal by G.S. 105. those revenues. a for the Register of Oeeda total Bill 10]3 until August 20, 2001; based an kea in place on July 1, butlgetetl revenues comes from House BIII 1073 does not affect The remaining 43 percent klls antler G.B. 161-10. Based. on. average monthly transactions, akff aelimetea that the fee incl9eses will generate approximately $124,000 in atltlitronal unbudgetetl revenue far the last elx months of the atrrent flacel year (from Jenuery 1 through June 30, 2002). IX this told, the Butlgef ~ce estimaks that approximately $25,000 woultl transfer to the new Automation Enhancement end Preservation Fund. (This sesames that the level of aCivity for the last six months of the year Is censtskM wlih the first six months.) The remaining $99,000 woultl remain in the County's General Funtl k oRSet expenditures in [he Register of Deetls office. This atldR'wnel revenue would bong the total budgeted Regiekr of Deetls General Funtl revenue k $1,283,579. RECOMMENDATION(S): The Manager recemmends that the Board of County Commissioners atlopt a Unikrm Fee Schetlule (eRective January 1, 2002) far Regiakr of Deetls es mantlatetl by North Carolina General Statute 18140 (a) and b creak an Aukmatlon Enhancement antl Presevetlon Funtl as mantlatetl by North Carolina General Stalule 151- 11.3.