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Budget Ordinance <br />14. The County Manager may assign fund balance for unpaid Economic Development Incentives until <br />contractual obligations are met. <br />C. The appropriations for Cabarrus County Schools and Kannapolis City Schools have been allocated by category. <br />Cabarrus County Schools and Kannapolis City Schools must obtain the approval of the Board of Commissioners <br />for any amendment to their respective budgets which would increase or decrease the amount of County <br />appropriations allocated by category by more than ten percent. <br />Section IV. <br />This ordinance and the budget documents shall be the basis for the financial plan for the County of Cabarrus for <br />the 2016 -2017 fiscal year. The County Manager and the Finance Director shall administer the budget. The Finance <br />Director shall establish and maintain all records, which are in concurrence with this budget and budget ordinance <br />and the appropriate statutes of the State of North Carolina. Funds appropriated in the FY 2015 -2016 Budget and <br />encumbered on June 30, 2016 shall be authorized as part of the Budget Appropriation by adoption of this Budget <br />Ordinance. <br />Adopted this the 20 day of June, 2016. <br />Stephen M. Morris, Chairman <br />Megan Smit, Clerk to the Board <br />G -1 Page 488 <br />