Exhibit 99.1
UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF CALIFORNIA
EASTERN DISTRICT OF CALIFORNIA
| In re: Capital Corp of the West | Case no.: | |
| MONTHLY REPORT OF OPERATIONS |
MONTH ENDING30-Jun 2009
Debtor in possession hereby submits its Monthly Report on the Cash Basis of accounting.
CASH BASIS
Attached hereto are the following schedules:
| A. | Cash Receipts and Cash Disbursements | þ | ||
| B. | Summary of Receipts & Disbursements to Date | þ | ||
| C. | Balance in Debtor in Possession Account | þ | ||
| D. | Balance in Tax Account | N/A | ||
| E. | Balance in Citibank DIP Account | þ | ||
| F. | Post Petition Debts | N/A | ||
| G. | Accounts Receivable Balance | N/A | ||
| H. | Inventory Balance | N/A | ||
| I. | Federal and State Taxes | N/A | ||
| J. | Monthly Operating Statement Questionnaire | þ | ||
| K. | Other Appropriate Schedules | þ | ||
| NOTES: | Schedules A, B, C, F, I & JMUSTbe filed. | |||
| Attach Schedules D, E, G, H & K if they are maintained in the ordinary course of the business. | ||||
SCHEDULE A
CASH RECEIPTS AND DISBURSEMENTS
RECEIPTS
| Cash sales | N/A | |||||||
| Rents collected | N/A | |||||||
| Accounts receivable collected | — | |||||||
| Other receipts (describe): | ||||||||
| a. KPMG 2008 Audit Fee Refund | 32,000.00 | |||||||
| b. | ||||||||
| 1. TOTAL RECEIPTS | $ | 32,000.00 | ||||||
DISBURSEMENTS | ||||||||
| Payments to vendors for merchandise | N/A | |||||||
| Net payroll paid | 52,457.84 | |||||||
| Payroll taxes paid/deposited to tax account: | ||||||||
| Employee withholdings | N/A | |||||||
| Employer portion | N/A | |||||||
| Sales taxes paid/deposited to tax account | N/A | |||||||
| Other disbursements (describe): | ||||||||
| a. Computer & Internet Costs | $ | 308.88 | ||||||
| b. Office Supplies | 1,135.52 | |||||||
| c. Travel Expenses | 460.46 | |||||||
| d. Public Disclosure Issuance Costs | 1,220.00 | |||||||
| e. Rent Exoense | 1,280.00 | |||||||
| f. Telephone Expense | 756.32 | |||||||
| g. | ||||||||
| h. | ||||||||
| i. | ||||||||
| j. | ||||||||
| k. | ||||||||
| Miscellaneous (attach listing) | ||||||||
| Living allowance or draw | N/A | |||||||
| 2. TOTAL DISBURSEMENTS | $ | 57,619.02 | ||||||
| 3. Receipts OVER or (UNDER) disbursements | $ | (25,619.02 | ) | |||||
SCHEDULE B SUMMARY OF CASH TRANSACTIONS SINCE FILING PETITION | ||||
| 4. Total receipts to date (Prior month Schedule B line 4 plus current month Schedule A line 1) | $ | — | ||
| 5. Total disbursements to date (Prior month Schedule B line 5 plus current month Schedule A line 2) | $ | — | ||
| 6. Net receipts over (under) disbursements | $ | — | ||
SCHEDULE C — SEE ATTACHED SPREADSHEET BALANCE IN DEBTOR IN POSSESSION ACCOUNT | ||||
| Balance at end of last month | $ | — | ||
| Net transactions for this month (Line 3 — Schedule A) | 6,678,683.25 | |||
| Balance at end of this month | $ | 6,678,683.25 | ||
SCHEDULE D — SEE ATTACHED SPREADSHEET BALANCE IN TAX ACCOUNT | ||||
| Balance at end of last month | $ | — | ||
| Add deposits from general account | — | |||
| Subtotal | $ | — | ||
| Deduct payments to taxing agencies | ||||
| Balance at end of this month | $ | — | ||
SCHEDULE E — SEE ATTACHED SPREADSHEET BALANCE IN Citibank DIP ACCOUNTS | ||||
| Balance at end of last month | $ | 6,704,302.27 | ||
| Add deposits from general account | 33,043.71 | |||
| Subtotal | $ | 6,737,345.98 | ||
| Deduct disbursements | 58,662.73 | |||
| Balance at end of this month | $ | 6,678,683.25 | ||
SCHEDULE F
POST PETITION DEBTS
POST PETITION DEBTS
Balance at end of last month—Not Applicable | $ | — | ||
| Add debts incurred this month | ||||
| Subtotal | $ | — | ||
| Deduct payments made this month on this balance | — | |||
| Subtotal | $ | — | ||
Adjustments(Explain on separate sheet) | — | |||
Balance at end of this month.(Attach listing) | $ | — | ||
SCHEDULE G
ACCOUNTS RECEIVABLE BALANCE
ACCOUNTS RECEIVABLE BALANCE
Balance of receivables at end of last month —Not Applicable | $ | — | ||
| Add new receivables for this month | — | |||
| Subtotal | $ | — | ||
Deduct accounts collected(From Schedule A) | — | |||
| Subtotal | $ | — | ||
Adjustments(Explain on separate sheet) | — | |||
Balance at end of this month(Attach listing) | $ | — | ||
SCHEDULE H
INVENTORY AND COST OF GOODS SOLD
INVENTORY AND COST OF GOODS SOLD
Inventory balance at end of last month —Not Applicable | $ | — | ||
| Add merchandise purchase | — | |||
| Total inventory available | $ | — | ||
| Adjustments (Explain on separate sheet) | — | |||
| Less inventory balance at end of this month | — | |||
| Total (Cost of goods sold) | $ | — | ||
SCHEDULE I
FEDERAL AND STATE TAXES
FEDERAL AND STATE TAXES
1. Tax balance at end of last month —Not Applicable | $ | — | ||||||
| PAYROLL TAX LIABILITY THIS MONTH: | ||||||||
Period: o Weekly o Biweekly o Semimonthly o Monthly | ||||||||
Fed. Employer or S.S. # EDD ID# | ||||||||
Withholdings: | ||||||||
| Federal income tax | $ | — | ||||||
| FICA withheld | ||||||||
| State income tax | ||||||||
| State disability | ||||||||
Employer tax liability: | ||||||||
| FICA | ||||||||
| Federal unemployment | ||||||||
| State unemployment | ||||||||
| 2. Total payroll taxes due | $ | — | ||||||
| SALES TAX LIABILITY THIS MONTH: | ||||||||
| State Board of Equalization ID# _________________ | ||||||||
| Sales tax liability | $ | — | ||||||
| Other (excise, city, business, etc.) | ||||||||
| 3. Total sales taxes due | $ | — | ||||||
SUMMARY OF TAX PAYMENTS MADE THIS MONTH:
| Payee | Date Paid | Bank Acct. # | Check # | Amount | |||||||||||||
| $ | — | ||||||||||||||||
| 4. Total payments made | $ | — | |||||||||||||||
| Tax balance at end of this month(add line 1+2+3 less line 4) | $ | — | |||||||||||||||
SCHEDULE J
MONTHLY OPERATING STATEMENT QUESTIONNAIRE
MONTHLY OPERATING STATEMENT QUESTIONNAIRE
| Yes | No | N/A | ||||||
| 1. | Copies of checkbooks or receipts and disbursements listings attached: | |||||||
Debtor in possession account(Activated As Of June 5) | þ | þ | o | |||||
| Tax account | o | o | þ | |||||
Other account(Citibank Pre-DIP A/C # 203084249) | þ | o | o | |||||
| 2. | Listing of unpaid post-petition debts | o | o | N/A | ||||
(include unpaid professional fees and interest owed) | ||||||||
| 3. | Have any payments been made to secured creditors or lessors? | o | þ | |||||
(If yes—attach listing of payments made) | ||||||||
| 4. | (a) Have any payments been made to officers, shareholders, insiders, relatives or professionals?See Attached Payroll Summaries | |||||||
(If yes—attach listing of payments made) | þ | o | ||||||
| (b) Were these payments approved by the court? | þ | o | ||||||
| 5. | (a) Have any payments been made on prepetition debts? | |||||||
(If yes—attach listing of payments made) | o | þ | ||||||
| (b) Were these payments approved by the court? | ||||||||
| 6. | Do you carry insurance coverage of any kind? | |||||||
Attach copies of declaration pages(Data Previously Provided) | ||||||||
| Note: If you have previously submitted copies of declaration pages & there have been no changes in coverage initial here (no copies needed) | þ | o | ||||||
| 7. | Have U.S. Trustee quarterly fees been paid? | þ | o | |||||
(If yes — attach listing of payments made) | ||||||||
| (If no — attach explanation) | Fees Due July 30 Being | |||||||
| Paid With This Filing | ||||||||
DECLARATION OF DEBTOR
I certify under penalty of perjury that the foregoing is true and correct.
| Executed on July 13, 2009 | /s/ David A. Heaberlin | |||
| (Signature) | ||||
| Debtor in Possession | ||||
I have reviewed the Monthly Report of Operations and, after making reasonable inquiry, believe that the information is true and correct.
| /s/ David A. Heaberlin | ||||
| (Signature of Preparer) | ||||
| (Attorney or Accountant) | ||||
Capital Corp of the West
09-14298-B-11F
09-14298-B-11F
| Cash/Bank Account | Beginning Balance | Transfers in | Ending Balance | |||||||||||||||||
| Bank & Acct# | 31-May-09 | Receipts | Disbursements | (+)/out (-) | 30-Jun-09 | |||||||||||||||
| Citibank A/C # 203084249 | $ | 6,704,302.27 | $ | — | $ | 22,412.70 | $ | (6,681,889.57 | ) | $ | — | |||||||||
| $ | — | $ | — | |||||||||||||||||
| Citibank DIP Accounts (Active as of June 4, 2009): | $ | — | $ | — | ||||||||||||||||
| Operating A/C # 9951707360 | $ | — | $ | 32,000.00 | $ | 35,206.32 | $ | 6,631,889.57 | $ | 6,628,683.25 | ||||||||||
| Federal Tax Refund A/C # 9951707387 | $ | — | $ | — | $ | — | $ | 50,000.00 | $ | 50,000.00 | ||||||||||
| California Tax Refund A/C # 9951707416 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||
| Insurance Refund A/C # 9951707424 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||
| $ | — | $ | — | |||||||||||||||||
Total | $ | 6,704,302.27 | $ | 32,000.00 | $ | 57,619.02 | $ | — | $ | 6,678,683.25 | ||||||||||
| Notes: | ||
| 1. | All cash accounts (including petty cash) should be reflected on spreadsheet | |
| 2. | Transfers must total zero | |
| 3. | Total ending cash on hand must be supported by detailed registers, bank recs, balance sheet, etc. | |
| 4. | Net change in cash (receipts less disbursements) must be supported by detailed registers and Schedule A. | |
| 5. | Schedules C, D and/or E need not be completed if this spreadsheet is used. Notation should be made on Schedules C, D and/or E to “see attached spreadsheet.” | |
| 6. | Beg balance must agree with the prior month’s ending balance or, for the first month only, this amount should agree with the cash on hand as of the filing date. | |
| Capital Corp of the West |
| Profit & Loss |
| June 2009 |
| Jun 09 | May 09 | $ Change | ||||||||||
Income | ||||||||||||
Refunds | ||||||||||||
2008 Audit Fee Refund | 32,000.00 | 0.00 | 32,000.00 | |||||||||
Total Refunds | 32,000.00 | 0.00 | 32,000.00 | |||||||||
Total Income | 32,000.00 | 0.00 | 32,000.00 | |||||||||
Expense | ||||||||||||
Bank Service Charges | 0.00 | 0.00 | 0.00 | |||||||||
Compensation Costs | 52,457.84 | 53,335.45 | -877.61 | |||||||||
Computer and Internet Expenses | 308.88 | 1,280.79 | -971.91 | |||||||||
Office Supplies | 1,135.52 | 0.00 | 1,135.52 | |||||||||
Professional Fees | ||||||||||||
Bankruptcy Legal Fees | 0.00 | 34,875.79 | -34,875.79 | |||||||||
Corporate Legal Fees | 0.00 | 64,577.23 | -64,577.23 | |||||||||
Total Professional Fees | 0.00 | 99,453.02 | -99,453.02 | |||||||||
Public Disclosure Issuance Cost | 1,220.00 | 0.00 | 1,220.00 | |||||||||
Rent Expense | 1,280.00 | 1,280.00 | 0.00 | |||||||||
Telephone Expense | 756.32 | 0.00 | 756.32 | |||||||||
Travel Expense | 460.46 | 0.00 | 460.46 | |||||||||
Total Expense | 57,619.02 | 155,349.26 | -97,730.24 | |||||||||
Net Income | -25,619.02 | -155,349.26 | 129,730.24 | |||||||||
Page 1
| Capital Corp of the West |
| Profit & Loss Detail |
| June 2009 |
| Original | Paid | |||||||||||||||||||||||||
| Type | Date | Num | Name | Memo | Clr | Split | Amount | Amount | Balance | |||||||||||||||||
Income | ||||||||||||||||||||||||||
Refunds | ||||||||||||||||||||||||||
2008 Audit Fee Refund | ||||||||||||||||||||||||||
| Deposit | 6/17/2009 | KPMG | Deposit | Opearting Ac.. | 32,000.00 | 32,000.00 | 32,000.00 | |||||||||||||||||||
| Total 2008 Audit Fee Refund | 32,000.00 | 32,000.00 | ||||||||||||||||||||||||
| Total Refunds | 32,000.00 | 32,000.00 | ||||||||||||||||||||||||
| Total Income | 32,000.00 | 32,000.00 | ||||||||||||||||||||||||
Expense | ||||||||||||||||||||||||||
Bank Service Charges | ||||||||||||||||||||||||||
| Check | 6/11/2009 | 5001 | VOID — Administaff | VOID: | X | Opearting Ac.. | 0.00 | |||||||||||||||||||
| Total Bank Service Charges | 0.00 | 0.00 | ||||||||||||||||||||||||
Compensation Costs | ||||||||||||||||||||||||||
| Check | 6/5/2009 | Administaff | Week Ende.. | Citibank | 11,206.35 | 11,206.35 | 11,206.35 | |||||||||||||||||||
| Check | 6/12/2009 | Administaff | Week Ende.. | Citibank | 11,206.35 | 11,206.35 | 22,412.70 | |||||||||||||||||||
| Check | 6/16/2009 | 0000 | Administaff | Week Ende.. | Opearting Ac.. | 11,206.35 | 11,206.35 | 33,619.05 | ||||||||||||||||||
| Deposit | 6/17/2009 | David Heaberlin | May 2009 B.. | Opearting Ac.. | -530.41 | -530.41 | 33,088.64 | |||||||||||||||||||
| Check | 6/23/2009 | 0000 | Administaff | Week Ende.. | Opearting Ac.. | 9,941.25 | 9,941.25 | 43,029.89 | ||||||||||||||||||
| Deposit | 6/24/2009 | David Heaberlin | June 2009 B.. | Opearting Ac.. | -513.30 | -513.30 | 42,516.59 | |||||||||||||||||||
| Check | 6/30/2009 | 0000 | Administaff | Week Ende.. | Opearting Ac.. | 9,941.25 | 9,941.25 | 52,457.84 | ||||||||||||||||||
| Total Compensation Costs | 52,457.84 | 52,457.84 | ||||||||||||||||||||||||
Computer and Internet Expenses | ||||||||||||||||||||||||||
| Check | 6/19/2009 | 5005 | Comcast | Opearting Ac.. | 308.88 | 308.88 | 308.88 | |||||||||||||||||||
| Total Computer and Internet Expenses | 308.88 | 308.88 | ||||||||||||||||||||||||
Office Supplies | ||||||||||||||||||||||||||
| Check | 6/19/2009 | 5006 | David Heaberlin | Opearting Ac.. | 1,135.52 | 1,135.52 | 1,135.52 | |||||||||||||||||||
| Total Office Supplies | 1,135.52 | 1,135.52 | ||||||||||||||||||||||||
Public Disclosure Issuance Cost | ||||||||||||||||||||||||||
| Check | 6/19/2009 | 5004 | Bowne of Los Ang.. | Opearting Ac.. | 1,220.00 | 1,220.00 | 1,220.00 | |||||||||||||||||||
| Total Public Disclosure Issuance Cost | 1,220.00 | 1,220.00 | ||||||||||||||||||||||||
Rent Expense | ||||||||||||||||||||||||||
| Check | 6/12/2009 | 5002 | Steiner Investments | June 2009 | Opearting Ac.. | 1,280.00 | 1,280.00 | 1,280.00 | ||||||||||||||||||
| Total Rent Expense | 1,280.00 | 1,280.00 | ||||||||||||||||||||||||
Telephone Expense | ||||||||||||||||||||||||||
| Check | 6/19/2009 | 5003 | AT Conference | Opearting Ac.. | 643.63 | 643.63 | 643.63 | |||||||||||||||||||
| Check | 6/19/2009 | 5006 | David Heaberlin | Opearting Ac.. | 112.69 | 112.69 | 756.32 | |||||||||||||||||||
| Total Telephone Expense | 756.32 | 756.32 | ||||||||||||||||||||||||
Travel Expense | ||||||||||||||||||||||||||
| Check | 6/19/2009 | 5006 | David Heaberlin | Opearting Ac.. | 460.46 | 460.46 | 460.46 | |||||||||||||||||||
| Total Travel Expense | 460.46 | 460.46 | ||||||||||||||||||||||||
| Total Expense | 57,619.02 | 57,619.02 | ||||||||||||||||||||||||
Net Income | -25,619.02 | -25,619.02 | ||||||||||||||||||||||||
Page 1
| Invoice Report |  |
CAPITAL CORP OF THE WEST(2606900) | Invoice #: 2958317 | |
| 2801 G ST | Payroll Date: 06/5/2009 | |
| MERCED, CA95340-2133 | Payroll #: 1 | |
| Payroll Contact: DAVID A HEABERLIN | Payroll Type: REGULAR — 1 | |
| Report Date: 6/2/2009 | Period: 05/30/2009 through 06/5/2009 |
Billing Groups:
| No. | Name | No. EEs | Service Fee % | Payroll Gross | Total Cost | |||||||||||||
| 0 | UNASSIGNED | 2 | 6.73 | $ | 10,500.00 | $ | 11,206.35 | |||||||||||
| Total Summary: | 2 | $ | 10,500.00 | $ | 11,206.35 | |||||||||||||
| Total additional charges or credits: | $ | 0.00 | ||||||||||||||||
| Payroll amount due from client: | $ | 11,206.35 | ||||||||||||||||
| TOTAL amount due from client: | $ | 11,206.35 | ||||||||||||||||
Due to Direct Deposit with ePayStub enrollment in this client number, the debit date for this payroll is paydate.
| Check # | Check # | |||||||||||||||||||||||||||||||||||
| Employees | Status | Non DD | DD | Prev/Curr | W/C Code | W/C State | Benefits | Service Fee | Payroll Gross | |||||||||||||||||||||||||||
| CUPP, RICHARD | DD/EP | 0 | 0/0 | 8810C | CA | I | 9.33 | % | $ | 2,500.00 | ||||||||||||||||||||||||||
| HEABERLIN, DAVID | DD/EP | 0 | 0/0 | 8810C | CA | S | 5.92 | % | $ | 8,000.00 | ||||||||||||||||||||||||||
Direct Deposit Gross Pay: | $ | 10,500.00 | ||||||||||||||||||||||||||||||||||
Check Gross Pay: | $ | 0.00 | ||||||||||||||||||||||||||||||||||
| Non DD | NonDirect Deposit | |
| DD | Direct Deposit | |
| D | Dental Only | |
| NH | New Hire | |
| EP | EPaystub | |
| C | W/C Cap | |
| E | Employee Coverage | |
| S | Employee & Spouse Coverage | |
| C | Employee & Child Coverage | |
| F | Employee & Family Coverage | |
| K | Employee & Children Coverage | |
| W | Coverage Waived | |
| I | Coverage Not Available |
| Invoice Report | |
CAPITAL CORP OF THE WEST(2606900) | Invoice #: 2963543 | |
| 2801 G ST | Payroll Date: 06/12/2009 | |
| MERCED, CA95340-2133 | Payroll #: 1 | |
| Payroll Contact: DAVID A HEABERLIN | Payroll Type: REGULAR — 1 | |
| Report Date: 6/10/2009 | Period: 06/6/2009 through 06/12/2009 |
Billing Groups:
| No. | Name | No. EEs | Service Fee % | Payroll Gross | Total Cost | |||||||||||||
| 0 | UNASSIGNED | 2 | 6.73 | $ | 10,500.00 | $ | 11,206.35 | |||||||||||
| Total Summary: | 2 | $ | 10,500.00 | $ | 11,206.35 | |||||||||||||
| Total additional charges or credits: | $ | 0.00 | ||||||||||||||||
| Payroll amount due from client: | $ | 11,206.35 | ||||||||||||||||
| TOTAL amount due from client: | $ | 11,206.35 | ||||||||||||||||
Due to Direct Deposit with ePayStub enrollment in this client number, the debit date for this payroll is paydate.
| Check # | Check # | |||||||||||||||||||||||||||||||||||
| Employees | Status | Non DD | DD | Prev/Curr | W/C Code | W/C State | Benefits | Service Fee | Payroll Gross | |||||||||||||||||||||||||||
| CUPP, RICHARD | DD/EP | 0 | 0/0 | 8810C | CA | I | 9.33 | % | $ | 2,500.00 | ||||||||||||||||||||||||||
| HEABERLIN, DAVID | DD/EP | 0 | 0/0 | 8810C | CA | S | 5.92 | % | $ | 8,000.00 | ||||||||||||||||||||||||||
Direct Deposit Gross Pay: | $ | 10,500.00 | ||||||||||||||||||||||||||||||||||
Check Gross Pay: | $ | 0.00 | ||||||||||||||||||||||||||||||||||
| Non DD | NonDirect Deposit | |
| DD | Direct Deposit | |
| D | Dental Only | |
| NH | New Hire | |
| EP | EPaystub | |
| C | W/C Cap | |
| E | Employee Coverage | |
| S | Employee & Spouse Coverage | |
| C | Employee & Child Coverage | |
| F | Employee & Family Coverage | |
| K | Employee & Children Coverage | |
| W | Coverage Waived | |
| I | Coverage Not Available |
| Invoice Report | |
CAPITAL CORP OF THE WEST(2606900) | Invoice #: 2966509 | |
| 2801 G ST | Payroll Date: 06/19/2009 | |
| MERCED, CA95340-2133 | Payroll #: 1 | |
| Payroll Contact: DAVID A HEABERLIN | Payroll Type: REGULAR — 1 | |
| Report Date: 6/15/2009 | Period: 06/13/2009 through 06/19/2009 |
Billing Groups:
| No. | Name | No. EEs | Service Fee % | Payroll Gross | Total Cost | |||||||||||||
| 0 | UNASSIGNED | 2 | 6.73 | $ | 10,500.00 | $ | 11,206.35 | |||||||||||
| Total Summary: | 2 | $ | 10,500.00 | $ | 11,206.35 | |||||||||||||
| Total additional charges or credits: | $ | 0.00 | ||||||||||||||||
| Payroll amount due from client: | $ | 11,206.35 | ||||||||||||||||
| TOTAL amount due from client: | $ | 11,206.35 | ||||||||||||||||
| Check # | Check # | |||||||||||||||||||||||||||||||||||
| Employees | Status | Non DD | DD | Prev/Curr | W/C Code | W/C State | Benefits | Service Fee | Payroll Gross | |||||||||||||||||||||||||||
| CUPP, RICHARD | DD/EP | 0 | 0/0 | 8810C | CA | I | 9.33 | % | $ | 2,500.00 | ||||||||||||||||||||||||||
| HEABERLIN, DAVID | DD/EP | 0 | 0/0 | 8810C | CA | S | 5.92 | % | $ | 8,000.00 | ||||||||||||||||||||||||||
Direct Deposit Gross Pay: | $ | 10,500.00 | ||||||||||||||||||||||||||||||||||
Check Gross Pay: | $ | 0.00 | ||||||||||||||||||||||||||||||||||
| Non DD | NonDirect Deposit | |
| DD | Direct Deposit | |
| D | Dental Only | |
| NH | New Hire | |
| EP | EPaystub | |
| C | W/C Cap | |
| E | Employee Coverage | |
| S | Employee & Spouse Coverage | |
| C | Employee & Child Coverage | |
| F | Employee & Family Coverage | |
| K | Employee & Children Coverage | |
| W | Coverage Waived | |
| I | Coverage Not Available |
| Invoice Report | |
CAPITAL CORP OF THE WEST(2606900) | Invoice #: 2971038 | |
| 2801 G ST | Payroll Date: 06/26/2009 | |
| MERCED, CA95340-2133 | Payroll #: 1 | |
| Payroll Contact: DAVID A HEABERLIN | Payroll Type: REGULAR — 1 | |
| Report Date: 6/22/2009 | Period: 06/20/2009 through 06/26/2009 |
Billing Groups:
| No. | Name | No. EEs | Service Fee % | Payroll Gross | Total Cost | |||||||||||||
| 0 | UNASSIGNED | 2 | 6.90 | $ | 9,300.00 | $ | 9,941.25 | |||||||||||
| Total Summary: | 2 | $ | 9,300.00 | $ | 9,941.25 | |||||||||||||
| �� | ||||||||||||||||||
| Total additional charges or credits: | $ | 0.00 | ||||||||||||||||
| Payroll amount due from client: | $ | 9,941.25 | ||||||||||||||||
| TOTAL amount due from client: | $ | 9,941.25 | ||||||||||||||||
| Check # | Check # | |||||||||||||||||||||||||||||||||||
| Employees | Status | Non DD | DD | Prev/Curr | W/C Code | W/C State | Benefits | Service Fee | Payroll Gross | |||||||||||||||||||||||||||
| CUPP, RICHARD | DD/EP | 0 | 0/0 | 8810C | CA | I | 12.93 | % | $ | 1,300.00 | ||||||||||||||||||||||||||
| HEABERLIN, DAVID | DD/EP | 0 | 0/0 | 8810C | CA | S | 5.92 | % | $ | 8,000.00 | ||||||||||||||||||||||||||
Direct Deposit Gross Pay: | $ | 9,300.00 | ||||||||||||||||||||||||||||||||||
Check Gross Pay: | $ | 0.00 | ||||||||||||||||||||||||||||||||||
| Non DD | NonDirect Deposit | |
| DD | Direct Deposit | |
| D | Dental Only | |
| NH | New Hire | |
| EP | EPaystub | |
| C | W/C Cap | |
| E | Employee Coverage | |
| S | Employee & Spouse Coverage | |
| C | Employee & Child Coverage | |
| F | Employee & Family Coverage | |
| K | Employee & Children Coverage | |
| W | Coverage Waived | |
| I | Coverage Not Available |
| Invoice Report | |
CAPITAL CORP OF THE WEST(2606900) | Invoice #: 2977167 | |
| 2801 G ST | Payroll Date: 07/3/2009 | |
| MERCED, CA95340-2133 | Payroll #: 1 | |
| Payroll Contact: DAVID A HEABERLIN | Payroll Type: REGULAR — 1 | |
| Report Date: 6/29/2009 | Period: 06/27/2009 through 07/3/2009 |
Billing Groups:
| No. | Name | No. EEs | Service Fee % | Payroll Gross | Total Cost | |||||||||||||
| 0 | UNASSIGNED | 2 | 6.90 | $ | 9,300.00 | $ | 9,941.25 | |||||||||||
| Total Summary: | 2 | $ | 9,300.00 | $ | 9,941.25 | |||||||||||||
| Total additional charges or credits: | $ | 0.00 | ||||||||||||||||
| Payroll amount due from client: | $ | 9,941.25 | ||||||||||||||||
| TOTAL amount due from client: | $ | 9,941.25 | ||||||||||||||||
| Check # | Check # | |||||||||||||||||||||||||||||||||||
| Employees | Status | Non DD | DD | Prev/Curr | W/C Code | W/C State | Benefits | Service Fee | Payroll Gross | |||||||||||||||||||||||||||
| CUPP, RICHARD | DD/EP | 0 | 0/0 | 8810C | CA | I | 12.93 | % | $ | 1,300.00 | ||||||||||||||||||||||||||
| HEABERLIN, DAVID | DD/EP | 0 | 0/0 | 8810C | CA | S | 5.92 | % | $ | 8,000.00 | ||||||||||||||||||||||||||
Direct Deposit Gross Pay: | $ | 9,300.00 | ||||||||||||||||||||||||||||||||||
Check Gross Pay: | $ | 0.00 | ||||||||||||||||||||||||||||||||||
| Non DD | NonDirect Deposit | |
| DD | Direct Deposit | |
| D | Dental Only | |
| NH | New Hire | |
| EP | EPaystub | |
| C | W/C Cap | |
| E | Employee Coverage | |
| S | Employee & Spouse Coverage | |
| C | Employee & Child Coverage | |
| F | Employee & Family Coverage | |
| K | Employee & Children Coverage | |
| W | Coverage Waived | |
| I | Coverage Not Available |
Capital Corp of the West
Balance Sheet
As of June 30, 2009
Balance Sheet
As of June 30, 2009
| Jun 30, 09 | May 30, 09 | $ Change | ||||||||||
ASSETS | ||||||||||||
Current Assets | ||||||||||||
Checking/Savings | ||||||||||||
Citibank | 0.00 | 6,704,302.27 | -6,704,302.27 | |||||||||
Citibank -Debtor in Possession | ||||||||||||
Federal Tax Refund Acct | 50,000.00 | 0.00 | 50,000.00 | |||||||||
Opearting Account | 6,628,683.25 | 0.00 | 6,628,683.25 | |||||||||
Total Citibank -Debtor in Possession | 6,678,683.25 | 0.00 | 6,678,683.25 | |||||||||
Total Checking/Savings | 6,678,683.25 | 6,704,302.27 | -25,619.02 | |||||||||
Total Current Assets | 6,678,683.25 | 6,704,302.27 | -25,619.02 | |||||||||
Fixed Assets | ||||||||||||
Furniture and Equipment | ||||||||||||
Computers | 4,299.75 | 4,299.75 | 0.00 | |||||||||
Furniture | 1,662.38 | 1,662.38 | 0.00 | |||||||||
Total Furniture and Equipment | 5,962.13 | 5,962.13 | 0.00 | |||||||||
Total Fixed Assets | 5,962.13 | 5,962.13 | 0.00 | |||||||||
TOTAL ASSETS | 6,684,645.38 | 6,710,264.40 | -25,619.02 | |||||||||
LIABILITIES & EQUITY | ||||||||||||
Liabilities | ||||||||||||
Long Term Liabilities | ||||||||||||
Trust Preferred Securities | ||||||||||||
County Statutory Trust I | 6,186,000.00 | 6,186,000.00 | 0.00 | |||||||||
County Statutory Trust II | 10,310,000.00 | 10,310,000.00 | 0.00 | |||||||||
County Statutory Trust III | 15,464,000.00 | 15,464,000.00 | 0.00 | |||||||||
County Statutory Trust IV | 25,774,000.00 | 25,774,000.00 | 0.00 | |||||||||
Total Trust Preferred Securities | 57,734,000.00 | 57,734,000.00 | 0.00 | |||||||||
Total Long Term Liabilities | 57,734,000.00 | 57,734,000.00 | 0.00 | |||||||||
Total Liabilities | 57,734,000.00 | 57,734,000.00 | 0.00 | |||||||||
Equity | ||||||||||||
Opening Balance Equity | -57,734,000.00 | -57,734,000.00 | 0.00 | |||||||||
Net Income | 6,684,645.38 | 6,710,264.40 | -25,619.02 | |||||||||
Total Equity | -51,049,354.62 | -51,023,735.60 | -25,619.02 | |||||||||
TOTAL LIABILITIES & EQUITY | 6,684,645.38 | 6,710,264.40 | -25,619.02 | |||||||||
Page 1
 | CitiBusiness |
 | Citibank, N.A. 983 P. O. Box 26892 San Francisco, CA 94126-6892 | | 83058/R1/04F013/0 000 CITIBANK, N.A. | |||
| Account | ||||||
| 203084249 | ||||||
| Statement Period | ||||||
| June 1 — June 30, 2009 | ||||||
CAPITAL CORP OF THE WEST | Relationship Manager | |||||
2801 G STREET | US SERVICE CENTER | |||||
MERCED CA 95340 | 1-877-528-0990 | |||||
 | Page 1 of 2 | |||||
CitiBusiness® ACCOUNT AS OF JUNE 30, 2009
| Relationship Summary: | ||||
Checking | $ | 0.00 | ||
Savings | — | |||
Investments (not FDIC insured) | — | |||
Checking Plus | — | |||
Get $200 When You Sign Up for Merchant
Services Open a new account with Citi Merchant
Services Provided by First Data Merchant Services
Corp. and take advantage of this limited time credit
offer. Call today at1-800-592-2398for more details.
Services Open a new account with Citi Merchant
Services Provided by First Data Merchant Services
Corp. and take advantage of this limited time credit
offer. Call today at1-800-592-2398for more details.
SUGGESTIONS AND RECOMMENDATIONS
Help protect yourself from online fraud
Delete and do not respond to suspicious official-looking emails requesting your personal security information, and never click on embedded links in emails. Ensure your computer has current anti-virus software. Change online passwords often and at irregular intervals. Never provide online token passwords to anyone. Please review your account statements promptly and call us at1-877-528-0990if you find a discrepancy.
SERVICE CHARGE SUMMARY FROM MAY 1, 2009 THRU MAY 31, 2009
| Type of Charge | No./Units | Price/Unit | Amount | |||||||||
CITIBUSINESS CHECKING # 203084249 | ||||||||||||
| Average Daily Collected Balance | $ | 6,775,230.59 | ||||||||||
| DEPOSIT SERVICES | ||||||||||||
| MONTHLY MAINTENANCE FEE | 1 | 15.0000 | 15.00 | |||||||||
| CHECKS PAID | 13 | .1400 | 1.82 | |||||||||
| DEPOSIT TICKETS | 2 | 1.2500 | 2.50 | |||||||||
| ITEMS DEPOSITED | 2 | .1000 | 0.20 | |||||||||
| CITIBUSINESS ONLINE — STOP PAYMENT | 1 | 12.5000 | 12.50 | |||||||||
| CITIBUSINESS ONLINE | ||||||||||||
| CASH MANAGER SUITE | 1 | 52.0000 | 52.00 | |||||||||
| TRANSFER SERVICES | ||||||||||||
| OUTGOING DOMESTIC WIRE TXFR | 2 | 25.0000 | 50.00 | |||||||||
| CITIBUSINESS ONLINE | ||||||||||||
| CBOL — OUT. DOMESTIC WIRE TXFR | 2 | 12.5000 | 25.00 | |||||||||
| AUTOMATED CLEARING HOUSE (ACH) | ||||||||||||
| ACH DEBIT RECEIVED | 5 | .1100 | 0.55 | |||||||||
Total Charges for Services | $ | 159.57 | ||||||||||
| Average collected balances | $ | 6,775,230.59 | ||||||||||
| Less 10% reserve requirement | $ | 677,523.05 | ||||||||||
| Balances eligible for Earnings Credit | $ | 6,097,707.54 | ||||||||||
83059/R1/04F013A
| CAPITAL CORP OF THE WEST | Account 203084249 | Page 2 of 2 | ||
| Statement Period — June 1 — June 30, 2009 |
| SERVICE CHARGE SUMMARY FROM MAY 1, 2009 THRU MAY 31, 2009 | Continued |
| Type of Charge | No./Units | Price/Unit | Amount | |||||||||
| Balances Required to Offset Service Charges | $ | 313,076.34 | ||||||||||
| Earnings Credit allowance at 0.60000% | $ | 159.57 | 1 | |||||||||
| Charges Subject to Earnings Credit | $ | 159.57 | ||||||||||
Net Service Charge | $ | 0.00 | ||||||||||
1 — Maximum Earnings Credit cannot exceed monthly fees eligible for offset
CHECKING ACTIVITY
| CitiBusiness Checking | ||||||
0203084249 | Beginning Balance: | $ | 6,704,302.27 | |||
| Ending Balance | $ | 0.00 | ||||
| Date | Description | Debits | Credits | Balance | ||||||||||||||
| 6/04 | CBUSOL TRANSFER DEBIT | 6,500,000.00 | 204,302.27 | |||||||||||||||
| Transfer From AC # 20308429 | ||||||||||||||||||
| 6/05 | ACH DEBIT | 11,206.35 | 193,095.92 | |||||||||||||||
| ADMINISTAFF COMP PAYROLL 0002606900 Jun 05 | ||||||||||||||||||
| 6/12 | ACH DEBIT | 11,206.35 | 181,889.57 | |||||||||||||||
| ADMINISTAFF COMP PAYROLL 0002606900 Jun 12 | ||||||||||||||||||
| 6/15 | CBUSOL TRANSFER DEBIT | 181,889.57 | 0.00 | |||||||||||||||
| Close Out Pre-DIP Account | ||||||||||||||||||
| Total Debits/Credits | 6,704,302.27 | 0.00 | ||||||||||||||||
CUSTOMER SERVICE INFORMATION
| IF YOU HAVE QUESTIONS ON: | YOU CAN CALL: | YOU CAN WRITE: | ||
| Checking | 877-528-0990* | Citibank, N.A. | ||
| (For Speech and Hearing | P.O. Box 790184 | |||
| Impaired Customers Only TDD: 800-945-0258) | St Louis, MO 63179 |
For change in address, call your account officer or visit your branch.
| * | To ensure quality service, calls are randomly monitored. |
| Capital Corp of the West Reconciliation Detail Citibank, Period Ending 06/30/2009 |
| Type | Date | Num | Name | Clr | Amount | Balance | ||||||||||
Beginning Balance | 6,704,302.27 | |||||||||||||||
| Cleared Transactions | ||||||||||||||||
| Checks and Payments — 4 items | ||||||||||||||||
| Transfer | 6/4/2009 | X | -6,500,000.00 | -6,500,000.00 | ||||||||||||
| Check | 6/5/2009 | Administaff | X | -11,206.35 | -6,511,206.35 | |||||||||||
| Check | 6/12/2009 | Administaff | X | -11,206.35 | -6,522,412.70 | |||||||||||
| Transfer | 6/15/2009 | X | -181,889.57 | -6,704,302.27 | ||||||||||||
| Total Checks and Payments | -6,704,302.27 | -6,704,302.27 | ||||||||||||||
| Total Cleared Transactions | -6,704,302.27 | -6,704,302.27 | ||||||||||||||
| Cleared Balance | -6,704,302.27 | 0.00 | ||||||||||||||
| Uncleared Transactions | ||||||||||||||||
| Deposits and Credits — 1 item | ||||||||||||||||
| Deposit | 6/30/2009 | 0.00 | ||||||||||||||
| Total Deposits and Credits | 0.00 | 0.00 | ||||||||||||||
| Total Uncleared Transactions | 0.00 | 0.00 | ||||||||||||||
| Register Balance as of 06/30/2009 | -6,704,302.27 | 0.00 | ||||||||||||||
Ending Balance | -6,704,302.27 | 0.00 | ||||||||||||||
Page 1
000001/R1/20F000/0
| CitiBank Client Services 587 PO Box 769013 San Antonio, TX 78245-9013 DIP-CAPITAL CORP OF THE WEST-DIP OPERATING ACCOUNT C/O DAVID HEABERLIN 2801 G STREET MERCED CA 95340 | 002 CITIBANK, N. A. Account 9951707360 Statement Period June 3 — June 24, 2009 |
Page 1 of 2
CitiBusiness ACCOUNT AS OF JUNE 24, 2009
| Relationship Summary: | ||||
Checking | $ | 6,690,797.01 | ||
Savings | — | |||
Investments (not FDIC insured) | — | |||
Checking Plus | — | |||
Get $200 When You Sign Up for Merchant
ServicesOpen a new account with Citi Merchant
Services Provided by First Data Merchant Services
Corp. and take advantage of this limited time credit
offer. Call today at1-800-592-2398for more details.
ServicesOpen a new account with Citi Merchant
Services Provided by First Data Merchant Services
Corp. and take advantage of this limited time credit
offer. Call today at1-800-592-2398for more details.
| Checking | Balance | |||
| CitiBusiness Checking 9951707360 | $ | 6,690,797.01 | ||
| CitiBusiness Checking 9951707387 | $ | 0.00 | ||
| CitiBusiness Checking 9951707416 | $ | 0.00 | ||
| CitiBusiness Checking 9951707424 | $ | 0.00 | ||
Total Checking at Citibank | $ | 6,690,797.01 | ||
SUGGESTIONS AND RECOMMENDATIONS
Help protect yourself from online fraud
Delete and do not respond to suspicious official-looking emails requesting your personal security information, and never click on embedded links in emails. Ensure your computer has current anti-virus software. Change online passwords often and at irregular intervals. Never provide online token passwords to anyone. Please review your account statements promptly and call us at1-877-528-0990if you find a discrepancy.
CHECKING ACTIVITIES RECOMMENDATIONS
| CitiBusiness Checking | ||||||
9951707360 | Beginning Balance: | $ | 0.00 | |||
| Ending Balance: | $ | 6,690,797.01 | ||||
| Date | Description | Debits | Credits | Balance | ||||||||||
| 6/05 | FUNDS TRANSFER | 6,500,000.00 | 6,500,000.00 | |||||||||||
| WIRE FROM CAPITA CORP OF T E WEST Jun 05 | ||||||||||||||
| 6/16 | FUNDS TRANSFER | 181,889.57 | 6,681,889.57 | |||||||||||
| WIRE FROM CAPITA CORP OF T E WEST Jun 16 | ||||||||||||||
| 6/16 | CBUSOL TRANSFER DEBIT | 11,206.35 | 6,670,683.22 | |||||||||||
| WIRE TO Administaff Companes, Inc. | ||||||||||||||
| 6/17 | FUNDS TRANSFER | 32,000.00 | 6,702,683.22 | |||||||||||
| WIRE FROM KPMG L P Jun 17 | ||||||||||||||
| 6/17 | CHECK NO: 5002 | 1,280.00 | 6,701,403.22 | |||||||||||
| 6/23 | CBUSOL TRANSFER DEBIT | 9,941.25 | 6,691,461.97 | |||||||||||
| WIRE TO Administaff Companes, Inc. | ||||||||||||||
| 6/24 | DEPOSIT | 530.41 | 6,691,992.38 | |||||||||||
| 6/24 | DEPOSIT | 513.30 | 6,692,505.68 | |||||||||||
| 6/24 | CHECK NO: 5006 | 1,708.67 | 6,690,797.01 | |||||||||||
| Total Debits/Credits | 24,136.27 | 6,714,933.28 | ||||||||||||
000002/R1/20F000/0
DIP-CAPITAL CORP OF THE WEST-DIP | Account 9951707360 | Page 2 of 2 | ||
| OPERATING ACCOUNT | Statement Period — June 3 — June 24, 2009 | |||
| IF YOU HAVE QUESTIONS ON: | YOU CAN CALL: | YOU CAN WRITE: | ||
| Checking | 877-528-0990 | Citibank Client Services | ||
| (For Speech and Hearing | P.O. Box 769013 | |||
| Impaired Customers Only | San Antonio, TX 78245-9013 | |||
| TDD: 800-945-0258) |
For change in address, call your account officer or visit your branch.
3 Back
Recent Account ActivityJune 01 2009 to July 03 2009
Debits & Credits for Checking Account: DIP Operating (9951707360)
| 6Date5 | 6Description5 | 6Credit5 | 6Debit5 | Balance | ||||||||||||
| 06/05/09 | WIRE FROM CAPITA CORP OF T060509E WEST | 6,500,000.00 | 6,500,000.00 | |||||||||||||
| 06/16/09 | WIRE FROM CAPITA CORP OF T061609E WEST | 181,889.57 | 6,681,889.57 | |||||||||||||
| 06/16/09 | WIRE TO Administaff Companes, Inc. | -11,206.35 | 6,670,683.22 | |||||||||||||
| 06/17/09 | WIRE FROM KPMG LP061709 | 32,000.00 | 6,702,683.22 | |||||||||||||
| 06/17/09 | Check #5002 View Check | -1,280.00 | 6,701,403.22 | |||||||||||||
| 06/23/09 | WIRE TO Administaff Companes, Inc. | -9,941.25 | 6,691,461.97 | |||||||||||||
| 06/24/09 | Deposit TLR Br#: 00983 TID:07 | 530.41 | 6,691,992.38 | |||||||||||||
| 06/24/09 | Deposit TLR Br#: 00983 TID:07 | 513.30 | 6,692,505.68 | |||||||||||||
| 06/24/09 | Check #5006 View Check | -1,708.67 | 6,690,797.01 | |||||||||||||
| 06/25/09 | Check #5005 View Check | -308.88 | 6,690,488.13 | |||||||||||||
| 06/26/09 | Check #5004 View Check | -1,220.00 | 6,689,268.13 | |||||||||||||
| 06/29/09 | Check #5003 View Check | -643.63 | 6,688,624.50 | |||||||||||||
| 06/30/09 | Transfer to Checking VIA CBUSOL Ref # 32944 | -50,000.00 | 6,638,624.50 | |||||||||||||
| 06/30/09 | WIRE TO Administaff Companes, Inc. | -9,941.25 | 6,628,683.25 | |||||||||||||
Generated July 06 2009 at 19:02:32
3 Back
Capital Corp of the West
Reconciliation Detail
Opearting Account, Period Ending 06/30/2009
Reconciliation Detail
Opearting Account, Period Ending 06/30/2009
| Type | Date | Num | Name | Clr | Amount | Balance | ||||||||||||||||||
Beginning Balance | 0.00 | |||||||||||||||||||||||
| Cleared Transactions | ||||||||||||||||||||||||
| Checks and Payments — 9 items | ||||||||||||||||||||||||
| Check | 6/12/2009 | 5002 | Steiner Investments | X | -1,280.00 | -1,280.00 | ||||||||||||||||||
| Check | 6/16/2009 | 0000 | Administaff | X | -11,206.35 | -12,486.35 | ||||||||||||||||||
| Check | 6/19/2009 | 5006 | David Heaberlin | X | -1,708.67 | -14,195.02 | ||||||||||||||||||
| Check | 6/19/2009 | 5004 | Bowne of Los Angel.. | X | -1,220.00 | -15,415.02 | ||||||||||||||||||
| Check | 6/19/2009 | 5003 | AT Conference | X | -643.63 | -16,058.65 | ||||||||||||||||||
| Check | 6/19/2009 | 5005 | Comcast | X | -308.88 | -16,367.53 | ||||||||||||||||||
| Check | 6/23/2009 | 0000 | Administaff | X | -9,941.25 | -26,308.78 | ||||||||||||||||||
| Transfer | 6/30/2009 | Quickie Refund Rec.. | X | -50,000.00 | -76,308.78 | |||||||||||||||||||
| Check | 6/30/2009 | 0000 | Administaff | X | -9,941.25 | -86,250.03 | ||||||||||||||||||
| Total Checks and Payments | -86,250.03 | -86,250.03 | ||||||||||||||||||||||
| Deposits and Credits — 5 items | ||||||||||||||||||||||||
| Transfer | 6/4/2009 | X | 6,500,000.00 | 6,500,000.00 | ||||||||||||||||||||
| Transfer | 6/15/2009 | X | 181,889.57 | 6,681,889.57 | ||||||||||||||||||||
| Deposit | 6/17/2009 | X | 530.41 | 6,682,419.98 | ||||||||||||||||||||
| Deposit | 6/17/2009 | X | 32,000.00 | 6,714,419.98 | ||||||||||||||||||||
| Deposit | 6/24/2009 | X | 513.30 | 6,714,933.28 | ||||||||||||||||||||
| Total Deposits and Credits | 6,714,933.28 | 6,714,933.28 | ||||||||||||||||||||||
| Total Cleared Transactions | 6,628,683.25 | 6,628,683.25 | ||||||||||||||||||||||
| Cleared Balance | 6,628,683.25 | 6,628,683.25 | ||||||||||||||||||||||
Uncleared Transactions Deposits and Credits —1 item | ||||||||||||||||||||||||
| Check | 6/11/2009 | 5001 | VOID — Administaff | 0.00 | 0.00 | |||||||||||||||||||
| Total Deposits and Credits | 0.00 | 0.00 | ||||||||||||||||||||||
| Total Uncleared Transactions | 0.00 | 0.00 | ||||||||||||||||||||||
| Register Balance as of 06/30/2009 | 6,628,683.25 | 6,628,683.25 | ||||||||||||||||||||||
Ending Balance | 6,628,683.25 | 6,628,683.25 | ||||||||||||||||||||||
Page 1