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ADDED/ Commissioner Brown - Register of Deeds - To Appropriate Fund Balance for Register of Deeds Technology Lease Renewal ($100,000)
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STAFF CONTACT
Susan Lockridge - Register of Deeds - 704-862-7680
BUDGET IMPACT
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Appropriate $100,000 from General Fund fund balance and increase Equipment Rental expense account in the Register of Deeds budget.
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BUDGET ORDINANCE IMPACT
Minimal impact to the budget ordinance.
BACKGROUND
NCGS 161-11.3 established an Automation Preservation Technology Fund for Register of Deeds by setting aside 10% of fees collected into a reserve account to be used for technology and preservation of records. The current equipment lease is up for renewal and $100,000 is needed as a downpayment on the lease in order to maintain the current monthly lease payment. The renewed lease will provide the Register of Deeds Office with new equipment, support, imaging and security of records.
The General Fund fund balance will be reimbursed for the $100,000 appropriation by a transfer from the Automation Reserve account to the General Fund fund balance account on the general ledger.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)