Exhibit 99.1
Monthly Report of Operations
Period ended July 31, 2009
Monthly Report of Operations
Period ended July 31, 2009
UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF CALIFORNIA
EASTERN DISTRICT OF CALIFORNIA
In re: Capital Corp of the West | Case no.: 09-14298-B-11F | |
MONTHLY REPORT OF OPERATIONS |
MONTH ENDING31-Jul 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 | X | |||
B. Summary of Receipts & Disbursements to Date | X | |||
C. Balance in Debtor in Possession Account | X | |||
D. Balance in Tax Account | N/A | |||
E. Balance in Citibank DIP Account | X | |||
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 | X | |||
K. Other Appropriate Schedules | X |
NOTES: | Schedules A, B, C, F, I & J MUST be filed. | |
Attach Schedules D, E, G, H & K if they are maintained in the ordinary course of the business. |
(MOR-1:6/90)
SCHEDULE A
CASH RECEIPTS AND DISBURSEMENTS
CASH RECEIPTS AND DISBURSEMENTS
RECEIPTS
Cash sales | N/A | |||||||
Rents collected | N/A | |||||||
Accounts receivable collected | — | |||||||
Other receipts (describe): | ||||||||
a. | ||||||||
b. | ||||||||
1. TOTAL RECEIPTS | $ | — | ||||||
DISBURSEMENTS
Payments to vendors for merchandise | N/A | |||||||
Net payroll paid | 40,749.93 | |||||||
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 | $ | 800.43 | ||||||
b. Office Supplies | — | |||||||
c. Travel Expenses | 396.76 | |||||||
d. Public Disclosure Issuance Costs | 4,050.00 | |||||||
e. Rent Expense | 1,345.00 | |||||||
f. Telephone Expense | — | |||||||
g. General Liability Insurance | 500.00 | |||||||
h. U. S. Trustee Fees — Q2 2009 | 975.00 | |||||||
i. | ||||||||
j. | ||||||||
k. | ||||||||
Miscellaneous (attach listing) | ||||||||
Living allowance or draw | N/A | |||||||
2. TOTAL DISBURSEMENTS | $ | 48,817.12 | ||||||
3. Receipts OVER or (UNDER) disbursements | $ | (48,817.12 | ) | |||||
(MOR-1:6/90)
SCHEDULE B
SUMMARY OF CASH TRANSACTIONS
SINCE FILING PETITION
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 ACCOUNTS
BALANCE IN DEBTOR IN POSSESSION ACCOUNTS
Balance at end of last month | $ | 6,678,683.25 | ||
Net transactions for this month (Line 3 — Schedule A) | (48,817.12 | ) | ||
Balance at end of this month | $ | 6,629,866.13 | ||
SCHEDULE D — SEE ATTACHED SPREADSHEET
BALANCE IN TAX ACCOUNT
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 ACCOUNTS
BALANCE IN ACCOUNTS
Balance at end of last month | $ | |||
Add deposits from general account | ||||
Subtotal | $ | |||
Deduct disbursements | ||||
Balance at end of this month | $ | |||
(MOR-1:6/90)
SCHEDULE F
POST PETITION DEBTS
POST PETITION DEBTS
Balance at end of last month---------- NotApplicable | $ | — | ||
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---------- NotApplicable | $ | — | ||
Add merchandise purchase | — | |||
Total inventory available | $ | — | ||
Adjustments (Explain on separate sheet) | — | |||
Less inventory balance at end of this month | — | |||
Total (Cost of goods sold) | $ | — | ||
(MOR-1:6/90)
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) | $ | — | ||||||||||||||
(MOR-1:6/90)
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 | o | o | |||
Tax account | o | o | þ | |||
Other account | o | o | þ | |||
2. Listing of unpaid post-petition debts (include unpaid professional fees and interest owed) | o | o | þ | |||
3. Have any payments been made to secured creditors or lessors? (If yes—attach listing of payments made) | o | þ | ||||
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? | þ | o | ||||
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) | ||||||
7. Have U.S. Trustee quarterly fees been paid? (If yes—attach listing of payments made) (If no — attach explanation) | þ | o |
DECLARATION OF DEBTOR
I certify under penalty of perjury that the foregoing is true and correct.
August 10, 2009 | /s/ David A. Heaberlin |
I have reviewed the Monthly Report of Operations and, after making reasonable inquiry, believe
that the information is true and correct.
that the information is true and correct.
/s/ David A. Heaberlin
(Signature of Preparer — Attorney or Accountant))
(MOR-1:6/90)
Capital Corp of the West
09-14298-B-11F
09-14298-B-11F
Cash/Bank Account | Beginning Balance | Transfers | Ending Balance | |||||||||||||||||
Bank & Acct # | 30-Jun-09 | Receipts | Disbursements | in (+)/out (-) | 31-Jul-09 | |||||||||||||||
Citibank A/C # 203084249 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||
$ | — | $ | — | |||||||||||||||||
Citibank DIP Accounts (Active as of June 4, 2009): | $ | — | $ | — | ||||||||||||||||
Operating A/C # 9951707360 | $ | 6,628,683.25 | $ | — | $ | 48,817.12 | $ | — | $ | 6,579,866.13 | ||||||||||
Federal Tax Refund A/C # 9951707387 | $ | 50,000.00 | $ | — | $ | — | $ | — | $ | 50,000.00 | ||||||||||
California Tax Refund A/C#9951707416 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||
Insurance Refund A/C # 9951707424 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||
$ | — | $ | — | |||||||||||||||||
Total | $ | 6,678,683.25 | $ | — | $ | 48,817.12 | $ | — | $ | 6,629,866.13 | ||||||||||
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. |
10:53 AM
08/08/09
Cash Basis
Capital Corp of the West
Profit & Loss
July 2009
Profit & Loss
July 2009
Jul 09 | Jun 09 | $ Change | ||||||||||
Income | ||||||||||||
Refunds | ||||||||||||
2008 Audit Fee Refund | 0.00 | 32,000.00 | -32,000.00 | |||||||||
Total Refunds | 0.00 | 32,000.00 | -32,000.00 | |||||||||
Total Income | 0.00 | 32,000.00 | -32,000.00 | |||||||||
Expense | ||||||||||||
Bank Service Charges | 0.00 | 0.00 | 0.00 | |||||||||
Compensation Costs | 40,749.93 | 52,457.84 | -11,707.91 | |||||||||
Computer and Internet Expenses | 800.43 | 308.88 | 491.55 | |||||||||
Insurance Expense | ||||||||||||
General Liability Insurance | 500.00 | 0.00 | 500.00 | |||||||||
Total Insurance Expense | 500.00 | 0.00 | 500.00 | |||||||||
Office Supplies | 0.00 | 1,135.52 | -1,135.52 | |||||||||
Public Disclosure Issuance Cost | 4,050.00 | 1,220.00 | 2,830.00 | |||||||||
Rent Expense | 1,345.00 | 1,280.00 | 65.00 | |||||||||
Telephone Expense | 0.00 | 756.32 | -756.32 | |||||||||
Travel Expense | 396.76 | 460.46 | -63.70 | |||||||||
U. S. Trustee Fees | 975.00 | 0.00 | 975.00 | |||||||||
Total Expense | 48,817.12 | 57,619.02 | -8,801.90 | |||||||||
Net Income | -48,817.12 | -25,619.02 | -23,198.10 | |||||||||
Page 1
10:55 AM
08/08/09
Cash Basis
08/08/09
Cash Basis
Capital Corp of the West
Profit & Loss Detail
July 2009
Profit & Loss Detail
July 2009
Type | Date | Num | Name | Memo | Clr | Split | Original Amount | Paid Amount | Balance | |||||||||||||||||||||||||||
Income | 0.00 | |||||||||||||||||||||||||||||||||||
Expense | ||||||||||||||||||||||||||||||||||||
Compensation Costs | ||||||||||||||||||||||||||||||||||||
Check | 7/6/2009 | 0000 | Administaff | Week Ende | Opearting Ac | 9,941.25 | 9,941.25 | 9,941.25 | ||||||||||||||||||||||||||||
Check | 7/15/2009 | 0000 | Administaff | Week Ende | Opearting Ac | 9,941.26 | 9,941.26 | 19,882.51 | ||||||||||||||||||||||||||||
Check | 7/21/2009 | 0000 | Administaff | Week Ende | Opearting Ac | 10,698.91 | 10,698.91 | 30,581.42 | ||||||||||||||||||||||||||||
Check | 7/27/2009 | 0000 | Administaff | Week Ende | Opearting Ac | 10,698.92 | 10,698.92 | 41,280.34 | ||||||||||||||||||||||||||||
Deposit | 7/30/2009 | Deposit | Opearting Ac | -530.41 | -530.41 | 40,749.93 | ||||||||||||||||||||||||||||||
Total Compensation Costs | 40,749.93 | 40,749.93 | ||||||||||||||||||||||||||||||||||
Computer and Internet Expenses | ||||||||||||||||||||||||||||||||||||
Check | 7/5/2009 | 5008 | JAS Development | Computer Is | Opearting Ac | 494.20 | 494.20 | 494.20 | ||||||||||||||||||||||||||||
Check | 7/5/2009 | 5009 | Comcast | July Services | Opearting Ac | 306.23 | 306.23 | 800.43 | ||||||||||||||||||||||||||||
Total Computer and Internet Expenses | 800.43 | 800.43 | ||||||||||||||||||||||||||||||||||
Insurance Expense | ||||||||||||||||||||||||||||||||||||
General Liability Insurance | ||||||||||||||||||||||||||||||||||||
Check | 7/27/2009 | 5014 | Golden Eagle Insu | Business ow | Opearting Ac | 500.00 | 500.00 | 500.00 | ||||||||||||||||||||||||||||
Total General Liability Insurance | 500.00 | 500.00 | ||||||||||||||||||||||||||||||||||
Total Insurance Expense | 500.00 | 500.00 | ||||||||||||||||||||||||||||||||||
Public Disclosure Issuance Cost | ||||||||||||||||||||||||||||||||||||
Check | 7/5/2009 | 5010 | Bowne of Los Ang | Opearting Ac | 1,865.00 | 1,865.00 | 1,865.00 | |||||||||||||||||||||||||||||
Check | 7/27/2009 | 5015 | Bowne of Los Ang | Opearting Ac | 2,185.00 | 2,185.00 | 4,050.00 | |||||||||||||||||||||||||||||
Total Public Disclosure Issuance Cost | 4,050.00 | 4,050.00 | ||||||||||||||||||||||||||||||||||
Rent Expense | ||||||||||||||||||||||||||||||||||||
Check | 7/1/2009 | 5007 | Steiner Investments | July 2009 | Opearting Ac | 1,280.00 | 1,280.00 | 1,280.00 | ||||||||||||||||||||||||||||
Check | 7/21/2009 | 5012 | Merced Squeegee | Window Cle | Opearting Ac | 65.00 | 65.00 | 1,345.00 | ||||||||||||||||||||||||||||
Total Rent Expense | 1,345.00 | 1,345.00 | ||||||||||||||||||||||||||||||||||
Travel Expense | ||||||||||||||||||||||||||||||||||||
Check | 7/6/2009 | 5011 | David Heaberlin | Opearting Ac | 396.76 | 396.76 | 396.76 | |||||||||||||||||||||||||||||
Total Travel Expense | 396.76 | 396.76 | ||||||||||||||||||||||||||||||||||
U. S. Trustee Fees | ||||||||||||||||||||||||||||||||||||
Check | 7/27/2009 | 5013 | U. S. Trustee | Q2 2009 | Opearting Ac | 975.00 | 975.00 | 975.00 | ||||||||||||||||||||||||||||
Total U. S. Trustee Fees | 975.00 | 975.00 | ||||||||||||||||||||||||||||||||||
Total Expense | 48,817.12 | 48,817.12 | ||||||||||||||||||||||||||||||||||
Net Income | -48,817.12 | -48,817.12 | ||||||||||||||||||||||||||||||||||
Page 1
WebPayroll — Invoice Report | Page 1 of 1 | |
CAPITAL CORP OF THE WEST(2606900) | Invoice #: 2980119 | |
2801 G ST | Payroll Date: 07/10/2009 | |
MERCED, CA95340-2133 | Payroll #: 1 | |
Payroll Contact: DAVID A HEABERLIN | Payroll Type: REGULAR —1 | |
Report Date: 7/6/2009 | Period: 07/4/2009 through 07/10/2009 |
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 | E | Employee Coverage | |||||
DD | Direct Deposit | S | Employee & Spouse Coverage | |||||
D | Dental Only | C | Employee & Child Coverage | |||||
NH | New Hire | F | Employee & Family Coverage | |||||
EP | EPaystub | K | Employee & Children Coverage | |||||
C | W/C Cap | W | Coverage Waived | |||||
I | Coverage Not Available |
WebPayroll — Invoice Report | Page 1 of 1 | |
Invoice Report |
CAPITAL CORP OF THE WEST(2606900) | Invoice #: 2987416 | |
2801 G ST | Payroll Date: 07/17/2009 | |
MERCED, CA95340-2133 | Payroll #: 1 | |
Payroll Contact: DAVID A HEABERLIN | Payroll Type: REGULAR — 1 | |
Report Date: 7/14/2009 | Period: 07/11/2009 through 07/17/2009 |
Billing Groups: | ||||||||||||||||||||
No. | Name | No. EEs | Service Fee % | Payroll Gross | Total Cost | |||||||||||||||
0 | UNASSIGNED | 2 | 6.90 | $ | 9,300.00 | $ | 9,941.26 | |||||||||||||
Total Summary: | 2 | $ | 9,300.00 | $ | 9,941.26 | |||||||||||||||
Total additional charges or credits: | $ | 0.00 | ||||||||||||||||||
Payroll amount due from client: | $ | 9,941.26 | ||||||||||||||||||
TOTAL amount due from client: | $ | 9,941.26 |
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 | E | Employee Coverage |
DD | Direct Deposit | S | Employee & Spouse Coverage |
D | Dental Only | C | Employee & Child Coverage |
NH | New Hire | F | Employee & Family Coverage |
EP | EPaystub | K | Employee & Children Coverage |
C | W/C Cap | W | Coverage Waived |
I | Coverage Not Available |
WebPayroll — Invoice Report | Page 1 of 1 | |
Invoice Report |
CAPITAL CORP OF THE WEST(2606900) | Invoice #: 2990069 | |
2801 G ST | Payroll Date: 07/24/2009 | |
MERCED, CA95340-2133 | Payroll #: 1 | |
Payroll Contact: DAVID A HEABERLIN | Payroll Type: REGULAR — 1 | |
Report Date: 7/20/2009 | Period: 07/18/2009 through 07/24/2009 |
Billing Groups: | ||||||||||||||||||||
No. | Name | No. EEs | Service Fee % | Payroll Gross | Total Cost | |||||||||||||||
0 | UNASSIGNED | 2 | 6.99 | $ | 10,000.00 | $ | 10,698.91 | |||||||||||||
Total Summary: | 2 | $ | 10,000.00 | $ | 10,698.91 | |||||||||||||||
Total additional charges or credits: | $ | 0.00 | ||||||||||||||||||
Payroll amount due from client: | $ | 10,698.91 | ||||||||||||||||||
TOTAL amount due from client: | $ | 10,698.91 |
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 | 11.29 | % | $ | 2,000.00 | ||||||||||||||||||||||||||
HEABERLIN, DAVID | DD/EP | 0 | 0/0 | 8810C | CA | S | 5.92 | % | $ | 8,000.00 | ||||||||||||||||||||||||||
Direct Deposit Gross Pay: | $ | 10,000.00 | ||||||||||||||||||||||||||||||||||
Check Gross Pay: | $ | 0.00 |
Non DD | NonDirect Deposit | E | Employee Coverage |
DD | Direct Deposit | S | Employee & Spouse Coverage |
D | Dental Only | C | Employee & Child Coverage |
NH | New Hire | F | Employee & Family Coverage |
EP | EPaystub | K | Employee & Children Coverage |
C | W/C Cap | W | Coverage Waived |
I | Coverage Not Available |
WebPayroll — Invoice Report | Page 1 of 1 | |
Invoice Report |
CAPITAL CORP OF THE WEST(2606900) | Invoice #: 2994217 | |
2801 G ST | Payroll Date: 07/31/2009 | |
MERCED, CA95340-2133 | Payroll #: 1 | |
Payroll Contact: DAVID A HEABERLIN | Payroll Type: REGULAR — 1 | |
Report Date: 7/27/2009 | Period: 07/25/2009 through 07/31/2009 |
Billing Groups: | ||||||||||||||||||||
No. | Name | No. EEs | Service Fee % | Payroll Gross | Total Cost | |||||||||||||||
0 | UNASSIGNED | 2 | 6.99 | $ | 10,000.00 | $ | 10,698.92 | |||||||||||||
Total Summary: | 2 | $ | 10,000.00 | $ | 10,698.92 | |||||||||||||||
Total additional charges or credits: | $ | 0.00 | ||||||||||||||||||
Payroll amount due from client: | $ | 10,698.92 | ||||||||||||||||||
TOTAL amount due from client: | $ | 10,698.92 |
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 | 11.29 | % | $ | 2,000.00 | ||||||||||||||||||||||||||
HEABERLIN, DAVID | DD/EP | 0 | 0/0 | 8810C | CA | S | 5.92 | % | $ | 8,000.00 | ||||||||||||||||||||||||||
Direct Deposit Gross Pay: | $ | 10,000.00 | ||||||||||||||||||||||||||||||||||
Check Gross Pay: | $ | 0.00 |
Non DD | Non Direct Deposit | E | Employee Coverage |
DD | Direct Deposit | S | Employee & Spouse Coverage |
D | Dental Only | C | Employee & Child Coverage |
NH | New Hire | F | Employee & Family Coverage |
EP | EPaystub | K | Employee & Children Coverage |
C | W/C Cap | W | Coverage Waived |
I | Coverage Not Available |
10:49 AM
08/08/09
Cash Basis
Cash Basis
Capital Corp of the West
Balance Sheet
As of July 31, 2009
Balance Sheet
As of July 31, 2009
Jul 31, 09 | Jul 30, 09 | $ Change | ||||||||||
ASSETS | ||||||||||||
Current Assets | ||||||||||||
Checking/Savings | ||||||||||||
Citibank -Debtor In Possession | ||||||||||||
Federal Tax Refund Acct | 50,000.00 | 50,000.00 | 0.00 | |||||||||
Opearting Account | 6,579,866.13 | 6,579,866.13 | 0.00 | |||||||||
Total Citibank -Debtor In Possession | 6,629,866.13 | 6,629,866.13 | 0.00 | |||||||||
Total Checking/Savings | 6,629,866.13 | 6,629,866.13 | 0.00 | |||||||||
Total Current Assets | 6,629,866.13 | 6,629,866.13 | 0.00 | |||||||||
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 | 6,635,828.26 | 6,635,828.26 | 0.00 | |||||||||
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 | 6,635,828.26 | 6,635,828.26 | 0.00 | |||||||||
Total Equity | -51,098,171.74 | -51,098,171.74 | 0.00 | |||||||||
TOTAL LIABILITIES & EQUITY | 6,635,828.26 | 6,635,828.26 | 0.00 | |||||||||
Page 1
10:29 AM
08/08/09
Capital Corp of the West
Reconciliation Detail
Opearting Account, Period Ending 07/31/2009
Reconciliation Detail
Opearting Account, Period Ending 07/31/2009
Type | Date | Num | Name | Clr | Amount | Balance | ||||||||||||
Beginning Balance | 6,628,683.25 | |||||||||||||||||
Cleared Transactions | ||||||||||||||||||
Checks and Payments—12 items | ||||||||||||||||||
Check | 7/1/2009 | 5007 | Steiner Investments | X | -1,280.00 | -1,280.00 | ||||||||||||
Check | 7/5/2009 | 5010 | Bowne of Los Angel | X | -1,865.00 | -3,145.00 | ||||||||||||
Check | 7/5/2009 | 5008 | JAS Development | X | -494.20 | -3,639.20 | ||||||||||||
Check | 7/5/2009 | 5009 | Comcast | X | -306.23 | -3,945.43 | ||||||||||||
Check | 7/6/2009 | 0000 | Administaff | X | -9,941.25 | -13,886.68 | ||||||||||||
Check | 7/6/2009 | 5011 | David Heaberlin | X | -396.76 | -14,283.44 | ||||||||||||
Check | 7/15/2009 | 0000 | Administaff | X | -9,941.26 | -24,224.70 | ||||||||||||
Check | 7/21/2009 | 0000 | Administaff | X | -10,698.91 | -34,923.61 | ||||||||||||
Check | 7/21/2009 | 5012 | Merced Squeegee | X | -65.00 | -34,988.61 | ||||||||||||
Check | 7/27/2009 | 0000 | Administaff | X | -10,698.92 | -45,687.53 | ||||||||||||
Check | 7/27/2009 | 5015 | Bowne of Los Angel | X | -2,185.00 | -47,872.53 | ||||||||||||
Check | 7/27/2009 | 5013 | U. S. Trustee | X | -975.00 | -48,847.53 | ||||||||||||
Total Checks and Payments | -48,847.53 | -48,847.53 | ||||||||||||||||
Deposits and Credits — 2 items | ||||||||||||||||||
Check | 6/11/2009 | 5001 | VOID-Administaff | X | 0.00 | 0.00 | ||||||||||||
Deposit | 7/30/2009 | X | 530.41 | 530.41 | ||||||||||||||
Total Deposits and Credits | 530.41 | 530.41 | ||||||||||||||||
Total Cleared Transactions | -48,317.12 | -48,317.12 | ||||||||||||||||
Cleared Balance | -48,317.12 | 6,580,366.13 | ||||||||||||||||
Uncleared Transactions | ||||||||||||||||||
Checks and Payments — 1 item | ||||||||||||||||||
Check | 7/27/2009 | 5014 | Golden Eagle Insur | -500.00 | -500.00 | |||||||||||||
Total Checks and Payments | -500.00 | -500.00 | ||||||||||||||||
Total Uncleared Transactions | -500.00 | -500.00 | ||||||||||||||||
Register Balance as of 07/31/2009 | -48,817.12 | 6,579,866.13 | ||||||||||||||||
New Transactions | ||||||||||||||||||
Checks and Payments — 4 items | ||||||||||||||||||
Check | 8/4/2009 | 5017 | Klein, Denateli, Gol | -3,766.40 | -3,766.40 | |||||||||||||
Check | 8/4/2009 | 5016 | Steiner Investments | -1,280.00 | -5,046.40 | |||||||||||||
Check | 8/4/2009 | 5018 | Comcast | -307.86 | -5,354.26 | |||||||||||||
Check | 8/4/2009 | 5019 | AT Conference | -99.88 | -5,454.14 | |||||||||||||
Total Checks and Payments | -5,454.14 | -5,454.14 | ||||||||||||||||
Total New Transactions | -5,454.14 | -5,454.14 | ||||||||||||||||
Ending Balance | -54,271.26 | 6,574,411.99 | ||||||||||||||||
Page 1
Citibank Client Services 587 | 000001/R1/20F000/0 | |||
PO Box 769013 | 003 | |||
San Antonio, TX 78245-9013 | CITIBANK, N. A. | |||
Account | ||||
9951707360 | ||||
DIP-CAPITAL CORP OF THE WEST-DIP OPERATING ACCOUNT C/O DAVID HEABERLIN 2 801 G STREET MERCED CA 95340 | Statement Period July 25 – July 31, 2009 | |||
Page 1 of 1 |
CitiBusiness® ACCOUNT AS OF JULY 31, 2009
Relationship Summary: | ||||
Checking | $ | 6,630,366.13 | ||
Savings | — | |||
Investments (not FDIC insured) | — | |||
Checking Plus | — | |||
Checking | Balance | |||
CitiBusiness Checking 9951707360 | $ | 6,580,366.13 | ||
CitiBusiness Checking 9951707387 | $ | 50,000.00 | ||
CitiBusiness Checking 9951707416 | $ | 0.00 | ||
CitiBusiness Checking 9951707424 | $ | 0.00 | ||
Total Checking at Citibank | $ | 6,630,366.13 |
CHECKING ACTIVITY
CitiBusiness Checking | ||||||
9951707360 | Beginning Balance: | $ | 6,593,759.64 | |||
Ending Balance: | $ | 6,580,366.13 |
Date | Description | Debits | Credits | Balance | ||||||||||||
7/27 | CBUSOL TRANSFER DEBIT | 10,698.92 | 6,583,060.72 | |||||||||||||
000000 Jul 27 | ||||||||||||||||
WIRE TO Administaff Companes, Inc. | ||||||||||||||||
7/27 | CHECK NO: 5012 | 65.00 | 6,582,995.72 | |||||||||||||
7/28 | DEPOSIT | 530.41 | 6,583,526.13 | |||||||||||||
7/30 | CHECK NO: 5015 | 2,185.00 | 6,581,341.13 | |||||||||||||
7/31 | CHECK NO: 5013 | 975.00 | 6,580,366.13 | |||||||||||||
Total Debits/Credits | 13,923.92 | 530.41 |
CitiBusiness Checking | ||||
9951707387 | Beginning Balance: | $ 50,000.00 | ||
Ending Balance: | $ 50,000.00 |
CUSTOMER SERVICE INFORMATION
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.
Citibank Client Services 587 | 000001/R1/20F000/0 | |
PO Box 769013 | 008 | |
San Antonio, TX 78245-9013 | CITIBANK, N. A. | |
Account | ||
9951707360 | ||
DIP-CAPITAL CORP OF THE WEST-DIP OPERATING ACCOUNT C/O DAVID HEABERLIN 2 801 G STREET MERCED CA 95340 | Statement Period June 25 - July 24, 2009 Relationship Manager US SERVICE CENTER 1-877-528-0990 |
Page 1 of 3
CitiBusiness® ACCOUNT AS OF JULY 24, 2009
Relationship Summary: | ||||
Checking | $ | 6,643,759.64 | ||
Savings | — | |||
Investments (not FDIC insured) | — | |||
Checking Plus | — | |||
Checking | Balance | |||
CitiBusiness Checking 9951707360 | $ | 6,593,759.64 | ||
CitiBusiness Checking 9951707387 | $ | 50,000.00 | ||
CitiBusiness Checking 9951707416 | $ | 0.00 | ||
CitiBusiness Checking 9951707424 | $ | 0.00 | ||
Total Checking at Citibank | $ | 6,643,759.64 |
SERVICE CHARGE SUMMARY FROM JUNE 3, 2009 THRU JUNE 30, 2009
Type of Charge | No./Units | Price/Unit | Amount | |||||||||
CITIBUSINESS CHECKING # 9951707360 | ||||||||||||
Average Daily Collected Balance | $ | 6,137,034.34 | ||||||||||
DEPOSIT SERVICES | ||||||||||||
CHECKS PAID | 5 | .2000 | 1.00 | |||||||||
DEPOSIT TICKETS | 2 | .2000 | 0.40 | |||||||||
CITIBUSINESS ONLINE | ||||||||||||
CBOL — OUT. DOMESTIC WIRE TXFR | 3 | 12.5000 | 37.50 | |||||||||
TRANSFER SERVICES | ||||||||||||
INCOMING WIRE TRANSFER | 3 | 10.0000 | 30.00 | |||||||||
Total Charges for Services | $ | 68.90 | ||||||||||
CITIBUSINESS CHECKING # 9951707387 | ||||||||||||
Average Daily Collected Balance | $ | 1,785.71 | ||||||||||
Total Charges for Services | $ | 0.00 | ||||||||||
CITIBUSINESS CHECKING # 9951707416 | ||||||||||||
Average Daily Collected Balance | $ | 0.00 | ||||||||||
Total Charges for Services | $ | 0.00 | ||||||||||
CITIBUSINESS CHECKING # 9951707424 | ||||||||||||
Average Daily Collected Balance | $ | 0.00 | ||||||||||
Total Charges for Services | $ | 0.00 |
DIP-CAPITAL CORP OF THE WEST-DIP | Account 9951707360 | Page 2 of 3 | 000002/R1/20F000/0 | |||
OPERATING ACCOUNT | Statement Period — June 25 - July 24, 2009 |
SERVICE CHARGE SUMMARY FROM JUNE 3, 2009 THRU JUNE 30, 2009 | Continued |
Type of Charge | No./Units | Price/Unit | Amount | |||||||||
Total Non-Interest Bearing Account Charges | $ | 68.90 | ||||||||||
Total Interest Bearing Account Charges | $ | 0.00 | ||||||||||
Average collected balances | $ | 6,138,820.06 | ||||||||||
Less 10% reserve requirement | $ | 613,882.00 | ||||||||||
Balances eligible for Earnings Credit | $ | 5,524,938.06 | ||||||||||
Earnings Credit allowance at 0.50000% | $ | 68.90 | 1 | |||||||||
Charges Subject to Earnings Credit | $ | 68.90 | ||||||||||
Net Service Charge | $ | 0.00 |
1 — Maximum Earnings Credit cannot exceed monthly fees eligible for offset
CHECKING ACTIVITY
CitiBusiness Checking | ||||||
9951707360 | Beginning Balance: | $ | 6,690,797.01 | |||
Ending Balance: | $ | 6,593,759.64 |
Date | Description | Debits | Credits | Balance | ||||||||||||
6/25 | CHECK NO: 5005 | 308.88 | 6,690,488.13 | |||||||||||||
6/26 | CHECK NO: 5004 | 1,220.00 | 6,689,268.13 | |||||||||||||
6/29 | CHECK NO: 5003 | 643.63 | 6,688,624.50 | |||||||||||||
6/30 | TRANSFER DEBIT | 50,000.00 | 6,638,624.50 | |||||||||||||
TRANSFER TO CHECKING Jun 30 VIA CBUSOL REFERENCE # 032944 | ||||||||||||||||
6/30 | CBUSOL TRANSFER DEBIT | 9,941.25 | 6,628,683.25 | |||||||||||||
WIRE TO Administaff Companes, Inc. | ||||||||||||||||
7/06 | CBUSOL TRANSFER DEBIT | 9,941.25 | 6,618,742.00 | |||||||||||||
WIRE TO Administaff Companes, Inc. | ||||||||||||||||
7/08 | CHECK NO: 5007 | 1,280.00 | 6,617,462.00 | |||||||||||||
7/09 | CHECK NO: 5011 | 396.76 | 6,617,065.24 | |||||||||||||
7/10 | CHECK NO: 5010 | 1,865.00 | 6,615,200.24 | |||||||||||||
7/13 | CHECK NO: 5008 | 494.20 | 6,614,706.04 | |||||||||||||
7/13 | CHECK NO: 5009 | 306.23 | 6,614,399.81 | |||||||||||||
7/15 | CBUSOL TRANSFER DEBIT | 9,941.26 | 6,604,458.55 | |||||||||||||
WIRE TO Administaff Companes, Inc. | ||||||||||||||||
7/21 | CBUSOL TRANSFER DEBIT | 10,698.91 | 6,593,759.64 | |||||||||||||
WIRE TO Administaff Companes, Inc. | ||||||||||||||||
Total Debits/Credits | 97,037.37 | 0.00 |
Checks Paid | |||||||||||||||||||||||||||||||||||||||||||||||
Check | Date | Amount | Check | Date | Amount | Check | Date | Amount | Check | Date | Amount | ||||||||||||||||||||||||||||||||||||
5003 | 6/29 | 643.63 | 5005 | 6/25 | 308.88 | 5008 | 7/13 | 494.20 | 5010 | 7/10 | 1,865.00 | ||||||||||||||||||||||||||||||||||||
5004 | 6/26 | 1,220.00 | 5007 | * | 7/08 | 1,280.00 | 5009 | 7/13 | 306.23 | 5011 | 7/09 | 396.76 |
* | Indicates gap in check number sequence Number Checks Paid: 8 Totaling: $6,514.70 |
CitiBusiness Checking | ||||||
9951707387 | Beginning Balance: | $ | 0.00 | |||
Ending Balance: | $ | 50,000.00 |
Date | Description | Debits | Credits | Balance | ||||||||||||
6/30 | TRANSFER CREDIT | 50,000.00 | 50,000.00 | |||||||||||||
TRANSFER FROM CHECKING Jun 30 VIA CBUSOL REFERENCE # 032944 |
DIP-CAPITAL CORP OF THE WEST-DIP | Account 9951707360 | Page 3 of 3 | 000003/R1/20F000/0 | |||
OPERATING ACCOUNT | Statement Period — June 25 - July 24, 2009 |
CUSTOMER SERVICE INFORMATION
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.