Not exact matches
If at any time during the fiscal year it appears, from cash flow projections or other generally accepted accounting principles, that the revenues
available, as projected through the end of the fiscal year, will be
insufficient to meet either (a) the amounts appropriated, or (b) expenses anticipated to be incurred through the end of the fiscal year, such that the cumulative effect thereof is a projected year - end deficit in excess of fifty percent of the County's undesignated, unreserved fund
balance as of the end of the immediately preceding fiscal year, the County Executive or the Comptroller shall submit a report to the Legislature setting forth the estimated amount of the deficit with appropriate details and explanations.
The most common reason is that your current
balance was not negative, but your
available balance had
insufficient funds.
If you decide you do not want Standard Overdraft Coverage for ATM and everyday Checkcard transactions, your Checkcard and ATM transactions will be declined when your
available balance is
insufficient to cover the transaction.
An Overdraft Protection Line of Credit is used to cover
insufficient funds when writing checks for amounts greater than the
available balance in your associated checking account.
If the Source has
insufficient availability (for example, if a Source checking or savings account does not have a sufficient
available balance to cover the Overdraft, or if a Source line of credit does not have a sufficient
available credit limit to cover an Overdraft, or if a Source credit card account does not have a sufficient
available cash advance limit to cover an Overdraft), then the Overdraft will be covered only to the extent that the Source has availability.
An «Overdraft» occurs any time a check, ACH, ATM, debit card, bank fee (including any Overdraft - related Fee, or any Transfer Fee arising from these Terms and Conditions) or any other transaction (collectively, a «Transaction») is presented for payment against the Account and the
available balance of the Account is
insufficient to pay the Transaction.
If funds are
available in your savings account, we will first transfer funds from your savings account to pay items if the checking account
balance is
insufficient.
You can spend up to the amount of your
available balance without incurring a fee for
insufficient funds.