Exhibit 99.1
Monthly Report of Operations
Period ended December 31,2010
Monthly Report of Operations
Period ended December 31,2010
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-Dec 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
CASH RECEIPTS AND DISBURSEMENTS
| RECEIPTS | ||||
| Cash sales | N/A | |||
| Rents collected | N/A | |||
| Accounts receivable collected | — | |||
| Other receipts (describe): | ||||
| a. 2006 Federal Income Tax Refund | 5,977,932.00 | |||
| b. 2007 Federal Income Tax Refund | 2,872,522.00 | |||
| 1. TOTAL RECEIPTS | $ | 8,850,454.00 | ||
| DISBURSEMENTS | ||||
| Payments to vendors for merchandise | N/A | |||
| Net payroll paid | 41,835.56 | |||
| 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 | $ | 306.00 | ||
| b. Office Supplies | — | |||
| c. Travel Expenses | — | |||
| d. Public Disclosure Issuance Costs | — | |||
| e. Rent Expense | 1,280.00 | |||
| f. Telephone Expense | — | |||
| g. General Liability Insurance | — | |||
| h. U. S Trustee Fees | — | |||
| i. Shareholder Registrationh & Maintenance | — | |||
| j. Tax Return Preparation | — | |||
| k. Creditor’s Committee Legal Fees | 9,780.57 | |||
| l. Director Fees | 3,550.00 | |||
| Miscellaneous (attach listing) | ||||
| Living allowance or draw | N/A | |||
| 2. TOTAL DISBURSEMENTS | $ | 56,752.13 | ||
| 3. Receipts OVER or (UNDER) disbursements | $ | 8,793,701.87 | ||
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) | $ | 9,290,107.55 | ||
| 5. Total disbursements to date (Prior month Schedule B line 5 plus current month Schedule A line 2) | $ | 467,435.28 | ||
| 6. Net receipts over (under) disbursements | $ | 8,822,672.27 | ||
| SCHEDULE C — SEE ATTACHED SPREADSHEET BALANCE IN DEBTOR IN POSSESSION ACCOUNT | ||||
| Balance at end of last month | $ | 6,764,158.57 | ||
| Net transactions for this month (Line 3 — Schedule A) | 8,793,701.87 | |||
| Balance at end of this month | $ | 15,557,860.44 | ||
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 ACCOUNTS | ||||
| Balance at end of last month | $ | — | ||
| Add deposits from general account | — | |||
| Subtotal | $ | — | ||
| Deduct disbursements | — | |||
| Balance at end of this month | $ | — | ||
SCHEDULE F 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 | ||||
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 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 Weeklyo Biweeklyo Semimonthlyo Monthly
Fed. Employer or S.S. # EDD ID#
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 | o | o | |||||
| Tax account | o | o | þ | |||||
| Other account | o | o | þ | |||||
| 2. | Listing of unpaid post-petition debts | o | o | þ | ||||
| (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? | o | þ | |||||
(If yes - attach listing of payments made) | ||||||||
| (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? (Response Follows) Debtor filed Petition on May 11, 2009. Q2 2009 Trustee Fees of $975.00 paid on July 27, 2009. Q3 2009 Trustee Fees of $1,950.00 paid on October 31, 2009. | þ | o |
DECLARATION OF DEBTOR
I certify under penalty of perjury that the foregoing is true and correct.
| January 13, 2010 | Daud A.Heaberlin | |
| Execution Date | Debtor in Possession (Signature) |
I have reviewed the Monthly Report of Operations and, after making reasonable inquiry, believe that the information is true and correct.
| Daud A. Heaberlin, CFO | ||||
| (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 | (See Note 10) | Transfers | Ending Balance | ||||||||||||||||
| Bank & Acct # | 31-Oct-09 | Receipts | Disbursements | in (+)/out (-) | 30-Nov-09 | |||||||||||||||
| Citibank DEP Accounts (Active as of June 4, 2009): | $ | — | $ | — | ||||||||||||||||
| Operating A/C # 9951707360 | $ | 6,338,719.06 | $ | — | $ | 56,752.13 | $ | (30,600.00 | ) | $ | 6,251,366.93 | |||||||||
| Federal Tax Refund A/C # 9951707387 (See Note 7 Below) | $ | 50,000.00 | $ | 8,850,454.00 | $ | — | $ | — | $ | 8,900,454.00 | ||||||||||
| California Tax Refund A/C # 9951707416 (See Note 7 Below) | $ | 100.00 | $ | — | $ | — | $ | 30,700.00 | $ | 30,800.00 | ||||||||||
| Insurance Refund A/C # 9951707424 | $ | 375,339.51 | $ | — | $ | — | $ | (100.00 | ) | $ | 375,239.51 | |||||||||
| $ | — | $ | — | |||||||||||||||||
Total | $ | 6,764,158.57 | $ | 8,850,454.00 | $ | 56,752.13 | $ | — | $ | 15,557,860.44 | ||||||||||
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. | |
| 7. | The Debtor has established segregated bank accounts pursuant to a Stipulation between Capital Corp of the West (the Debtor), the Creditor’s Committee and the Federal Deposit Insurance Corporation regarding certain Federal and State of California income tax refunds. This Stipulation was filed on October 20, 2009 and approved by the Court by an Order dated November 2, 2009. The Citibank Account No. 9951707387 (shown above) constitutes the Escrow Account pursuant to the Stipulation. As of December 31, 2009, a $50,000 Federal Income Tax 2008 related refund; a $30,800 California Tax 2008 related refund; and certain Federal Income Tax refunds in the amount of $2,872,522 (2007) and $5,977,932 (2006) (See Note 10 below). | |
| 8. | The Debtor has filed Federal and California tax refund requests in the amount of $10.056 million and $2.324 million, respectively. The Federal tax refunds received in December (See Note 7 Above & Note 10 Below) represent a signnificant portion of the expected Federal Income Tax refunds. The Debtor expects a further Federal Income Tax refund of $1,182,326 during the first quarter of 2010. The $2.324 million California Income Tax refund is currently being subjected to a State of California examination which the Debtor is hopeful will be completed during the first quarter of 2010. The potential refund amounts are based on the best information available from the Debtor’s accountants and tax consultants at this time. | |
| Recent Tax Law changes under the Worker, Homeownership and Business Assistance Act of 2009 now allow the Debtor to carryback net operating losses for five years. The Debtor will be undertaking a process to determine whether the 2008 or the 2009 tax year should be used (either 2008 or 2009 can be carried back 5 years but not both) to maximize any potential further Federal Income tax refunds. The 2009 Tax Return must first be completed to determine which approach will produce the best financial results for the Debtor. | ||
| Given that the Debtor has meaningful additional potential tax refunds and that the actual recovery of same remains uncertain, these tax refunds have not been included in the Balance Sheet of the Debtor included herein. See Note 7 Above. | ||
| 9. | The December 31, 2009 and the November 30, 2009 Balance Sheets reflect $3,500 in Priority Claims related to certain Deferred Compensation claims representing payments deferred within the six month period immediately preceding the Debtor’s Bankruptcy Petition. | |
| 10. | Receipts this month represent Federal Income Tax refunds in the amount of $2,872,522 (refund of 2007 taxes) and $5,977,932 (refund of 2006 taxes). (See Notes 7 and 8 Above). |
Capital Corp of the West
Profit & Loss
December 2009
Profit & Loss
December 2009
9:01 AM
01/12/10
Cash Basis
| Dec 09 | Nov 09 | $ Change | ||||||||||
Income | ||||||||||||
Refunds | ||||||||||||
Legal Fee Retainers | 0.00 | 1,614.04 | -1,614.04 | |||||||||
Tax Refunds | ||||||||||||
California Tax Refunds | 0.00 | 30,800.00 | -30,800.00 | |||||||||
IRS Tax Refunds | 8,850,454.00 | 0.00 | 8,850,454.00 | |||||||||
Total Tax Refunds | 8,850,454.00 | 30,800.00 | 8,819,654.00 | |||||||||
Total Refunds | 8,850,454.00 | 32,414.04 | 8,818,039.96 | |||||||||
Total Income | 8,850,454.00 | 32,414.04 | 8,818,039.96 | |||||||||
Expense | ||||||||||||
Compensation Costs | 41,835.56 | 33,365.24 | 8,470.32 | |||||||||
Computer and Internet Expenses | 306.00 | 3,149.69 | -2,843.69 | |||||||||
Director Fees | 3,550.00 | 0.00 | 3,550.00 | |||||||||
Office Supplies | 0.00 | 233.71 | -233.71 | |||||||||
Professional Fees | ||||||||||||
Creditor’s Committee Legal Fees | 9,780.57 | 0.00 | 9,780.57 | |||||||||
Tax Return Preparation | 0.00 | 70.00 | -70.00 | |||||||||
Total Professional Fees | 9,780.57 | 70.00 | 9,710.57 | |||||||||
Public Disclosure Issuance Cost | 0.00 | 10,475.49 | -10,475.49 | |||||||||
Rent Expense | 1,280.00 | 1,295.00 | -15.00 | |||||||||
Shareholder Registration & Main | 0.00 | 995.00 | -995.00 | |||||||||
Telephone Expense | 0.00 | 160.19 | -160.19 | |||||||||
Total Expense | 56,752.13 | 49,744.32 | 7,007.81 | |||||||||
Net Income | 8,793,701.87 | -17,330.28 | 8,811,032.15 | |||||||||
Capital Corp of the West
Profit & Loss Detail
December 2009
Profit & Loss Detail
December 2009
9:02 AM
01/12/10
Cash Basis
| Type | Date | Num | Name | Memo | Clr | Split | Original Amount | Paid Amount | Balance | |||||||||||||||||||
Income | ||||||||||||||||||||||||||||
Refunds | ||||||||||||||||||||||||||||
Tax Refunds | ||||||||||||||||||||||||||||
IRS Tax Refunds | ||||||||||||||||||||||||||||
| Deposit | 12/11/2009 | IRS | Refund of 2 | Federal Tax | 2,872,522.00 | 2,872,522.00 | 2,872,522.00 | |||||||||||||||||||||
| Deposit | 12/11/2009 | IRS | Refund of 2 | Federal Tax | 5,977,932.00 | 5,977,932.00 | 8,850,454.00 | |||||||||||||||||||||
| Total IRS Tax Refunds | 8,850,454.00 | 8,850,454.00 | ||||||||||||||||||||||||||
| Total Tax Refunds | 8,850,454.00 | 8,850,454.00 | ||||||||||||||||||||||||||
| Total Refunds | 8,850,454.00 | 8,850,454.00 | ||||||||||||||||||||||||||
| Total Income | 8,850,454.00 | 8,850,454.00 | ||||||||||||||||||||||||||
Expense | ||||||||||||||||||||||||||||
Compensation Costs | ||||||||||||||||||||||||||||
| Check | 12/1/2009 | 0000 | Administaff | Week Ende | Opearting Ac | 8.473.19 | 8,473.19 | 8,473,19 | ||||||||||||||||||||
| Check | 12/8/2009 | 0000 | Administaff | Week Ende | Opearting Ac | 8,473.19 | 8,473.19 | 16,946.38 | ||||||||||||||||||||
| Check | 12/14/2009 | 0000 | Administaff | Week Ende | Opearting Ac | 8,473.20 | 8,473.20 | 25,419.58 | ||||||||||||||||||||
| Check | 12/17/2009 | 0000 | Administaff | Week Ende | Opearting Ac | 8,473.20 | 8,473.20 | 33,892.78 | ||||||||||||||||||||
| Check | 12/23/2009 | 0000 | Administaff | WeeK Ende | Opearting Ac | 8,473.19 | 8,473.19 | 42,365.97 | ||||||||||||||||||||
| Deposit | 12/30/2009 | David Heaberlin | Deposit | Opearting Ac | -530.41 | -530.41 | 41,835.56 | |||||||||||||||||||||
| Total Compensation Costs | 41,835.56 | 41,835.56 | ||||||||||||||||||||||||||
Computer and internet Expenses | ||||||||||||||||||||||||||||
| Check | 12/2/2009 | 5057 | Comcast | December, | Opearting Ac | 306.00 | 306.00 | 306.00 | ||||||||||||||||||||
| Total Computer and Internet Expenses | 306.00 | 306.00 | ||||||||||||||||||||||||||
Director Fees | ||||||||||||||||||||||||||||
| Check | 12/16/2009 | 5058 | Jerry E. Calister | Q4 2009 | Opearting Ac | 750.00 | 750.00 | 750.00 | ||||||||||||||||||||
| Check | 12/16/2009 | 5059 | Dorothy L. Bizzini | Q4 2009 | Opearting Ac | 600.00 | 600.00 | 1,350.00 | ||||||||||||||||||||
| Check | 12/16/2009 | 5060 | David X. Bonnar | Q4 2009 | Opearting Ac | 600.00 | 600.00 | 1,950.00 | ||||||||||||||||||||
| Check | 12/16/2009 | 5061 | John Fawcett | Q4 2009 | Opearting Ac | 600.00 | 600.00 | 2,550.00 | ||||||||||||||||||||
| Check | 12/16/2009 | 5062 | Curtis R. Grant | Q4 2009 | Opearting Ac | 400.00 | 400.00 | 2,950.00 | ||||||||||||||||||||
| Check | 12/16/2009 | 5063 | Curtis Riggs | Q4 2009 | Opearting Ac | 600.00 | 600.00 | 3,550.00 | ||||||||||||||||||||
| Total Director Fees | 3,550.00 | 3,550.00 | ||||||||||||||||||||||||||
Professional Fees | ||||||||||||||||||||||||||||
Creditor’s Committee Legal Fees | ||||||||||||||||||||||||||||
| Check | 12/21/2009 | 5064 | Klein, Denatell. Go | Balance Du | Opearting Ac | 2,853.50 | 2,853.50 | 2,853.50 | ||||||||||||||||||||
| Check | 12/24/2009 | 5065 | Klein, Denatell. Go | Balance Du | Opearting Ac | 6,927.07 | 6,927.07 | 9,780.57 | ||||||||||||||||||||
| Total Creditor’s Committee Legal Fees | 9,780.57 | 9,780.57 | ||||||||||||||||||||||||||
| Total Professional Fees | 9,780.57 | 9,780.57 | ||||||||||||||||||||||||||
Rent Expense | ||||||||||||||||||||||||||||
| Check | 12/1/2009 | 5056 | Bear Breek Plaza | December, | . | Opearting Ac | 1,280.00 | 1,280.00 | 1,280.00 | |||||||||||||||||||
| Total Rent Expense | 1,280.00 | 1,280.00 | ||||||||||||||||||||||||||
| Total Expense | 56,752.13 | 56,752.13 | ||||||||||||||||||||||||||
Net Income | 8,793,701.87 | 8,793,701.87 | ||||||||||||||||||||||||||
Schedule J — Question 1
| Invoice Report |  |
CAPITAL CORP OF THE WEST(2606900) | Invoice #: 3081322 | |
| 2801 G ST | Payroll Date: 12/4/2009 | |
| MERCED, CA95340-2133 | Payroll #: 1 | |
| Payroll Contact: DAVID A HEABERLIN | Payroll Type: REGULAR — 1 | |
| Report Date: 12/1/2009 | Period: 11/28/2009 through 12/4/2009 |
| Billing Groups: | ||||||||||||||||
| No. Name | No. EEs | Service Fee % | Payroll Gross | Total Cost | ||||||||||||
| 0 UNASSIGNED | 1 | 5.91 | $ | 8,000.00 | $ | 8,473.19 | ||||||||||
| Total Summary: | 1 | $ | 8,000.00 | $ | 8,473.19 | |||||||||||
Total additional charges or credits: | $ | 0.00 | ||||||||||||||
Payroll amount due from client: | $ | 8,473.19 | ||||||||||||||
TOTAL amount due from client: | $ | 8,473.19 | ||||||||||||||
| Check # | Check # | |||||||||||||||||||||||||||||||||||
| Employees | Status | Non DD | DD | Prev/Curr | W/C Code | W/C State | Benefits | Service Fee | Payroll Gross | |||||||||||||||||||||||||||
| HEABERLIN, DAVID | DD/EP | 0 | 0/0 | 8810C | CA | S | 5.91 | % | $ | 8,000.00 | ||||||||||||||||||||||||||
Direct Deposit Gross Pay: | $ | 8,000.00 | ||||||||||||||||||||||||||||||||||
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 |
Schedule J — Question 4(a)
Payroll Date — December 4, 2009
Payroll Date — December 4, 2009
Page 1 of 5
| Invoice Report | |
CAPITAL CORP OF THE WEST(2606900) | Invoice #: 3083346 | |
| 2801 G ST | Payroll Date: 12/11/2009 | |
| MERCED, CA95340-2133 | Payroll #: 1 | |
| Payroll Contact: DAVID A HEABERLIN | Payroll Type: REGULAR — 1 | |
| Report Date: 12/4/2009 | Period: 12/5/2009 through 12/11/2009 |
| Billing Groups: | ||||||||||||||||
| No. Name | No. EEs | Service Fee % | Payroll Gross | Total Cost | ||||||||||||
| 0 UNASSIGNED | 1 | 5.92 | $ | 8,000.00 | $ | 8,473.20 | ||||||||||
| Total Summary: | 1 | $ | 8,000.00 | $ | 8,473.20 | |||||||||||
Total additional charges or credits: | $ | 0.00 | ||||||||||||||
Payroll amount due from client: | $ | 8,473.20 | ||||||||||||||
TOTAL amount due from client: | $ | 8,473.20 | ||||||||||||||
| Check # | Check # | |||||||||||||||||||||||||||||||||||
| Employees | Status | Non DD | DD | Prev/Curr | W/C Code | W/C State | Benefits | Service Fee | Payroll Gross | |||||||||||||||||||||||||||
| HEABERLIN, DAVID | DD/EP | 0 | 0/0 | 8810C | CA | S | 5.92 | % | $ | 8,000.00 | ||||||||||||||||||||||||||
Direct Deposit Gross Pay: | $ | 8,000.00 | ||||||||||||||||||||||||||||||||||
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 |
Schedule J — Question 4(a)
Payroll Date — December 11, 2009
Payroll Date — December 11, 2009
Page 2 of 5
| Invoice Report | |
CAPITAL CORP OF THE WEST(2606900) | Invoice #: 3089245 | |
| 2801 G ST | Payroll Date: 12/18/2009 | |
| MERCED, CA95340-2133 | Payroll #: 1 | |
| Payroll Contact: DAVID A HEABERLIN | Payroll Type: REGULAR — 1 | |
| Report Date: 12/11/2009 | Period: 12/12/2009 through 12/18/2009 |
| Billing Groups: | ||||||||||||||||
| No. Name | No. EEs | Service Fee % | Payroll Gross | Total Cost | ||||||||||||
| 0 UNASSIGNED | 1 | 5.91 | $ | 8,000.00 | $ | 8,473.19 | ||||||||||
| Total Summary: | 1 | $ | 8,000.00 | $ | 8,473.19 | |||||||||||
Total additional charges or credits: | $ | 0.00 | ||||||||||||||
Payroll amount due from client: | $ | 8,473.19 | ||||||||||||||
TOTAL amount due from client: | $ | 8,473.19 | ||||||||||||||
| Check # | Check # | |||||||||||||||||||||||||||||||||||
| Employees | Status | Non DD | DD | Prev/Curr | W/C Code | W/C State | Benefits | Service Fee | Payroll Gross | |||||||||||||||||||||||||||
| HEABERLIN, DAVID | DD/EP | 0 | 0/0 | 8810C | CA | S | 5.91 | % | $ | 8,000.00 | ||||||||||||||||||||||||||
Direct Deposit Gross Pay: | $ | 8,000.00 | ||||||||||||||||||||||||||||||||||
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 |
Schedule J — Question 4(a)
Payroll Date — December 18, 2009
Payroll Date — December 18, 2009
Page 3 of 5
| Invoice Report | |
CAPITAL CORP OF THE WEST(2606900) | Invoice #: 3093783 | |
| 2801 G ST | Payroll Date: 12/24/2009 | |
| MERCED, CA95340-2133 | Payroll #: 1 | |
| Payroll Contact: DAVID A HEABERLIN | Payroll Type: REGULAR — 1 | |
| Report Date: 12/17/2009 | Period: 12/19/2009 through 12/25/2009 |
| Billing Groups: | ||||||||||||||||||||
| No. | Name | No. EEs | Service Fee % | Payroll Gross | Total Cost | |||||||||||||||
| 0 | UNASSIGNED | 1 | 5.92 | $ | 8,000.00 | $ | 8,473.20 | |||||||||||||
| Total Summary: | 1 | $ | 8,000.00 | $ | 8,473.20 | |||||||||||||||
| Total additional charges or credits: | $ | 0.00 | ||||||||||||||||||
| Payroll amount due from client: | $ | 8,473.20 | ||||||||||||||||||
| TOTAL amount due from client: | $ | 8,473.20 | ||||||||||||||||||
| Check # | Check # | |||||||||||||||||||||||||||||||||||
| Employees | Status | Non DD | DD | Prev/Curr | W/C Code | W/C State | Benefits | Service Fee | Payroll Gross | |||||||||||||||||||||||||||
| HEABERLIN, DAVID | DD/EP | 0 | 0/0 | 8810C | CA | S | 5.92 | % | $ | 8,000.00 | ||||||||||||||||||||||||||
| Direct Deposit Gross Pay: | $ | 8,000.00 | ||||||||||||||||||||||||||||||||||
| 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 |
Schedule J — Question 4(a)
Payroll Date — December 24, 2009
Payroll Date — December 24, 2009
Page 4 of 5
| Invoice Report | |
CAPITAL CORP OF THE WEST(2606900) | Invoice #: 3098601 | |
| 2801 G ST | Payroll Date: 12/31/2009 | |
| MERCED, CA95340-2133 | Payroll #: 1 | |
| Payroll Contact: DAVID A HEABERLIN | Payroll Type: REGULAR — 1 | |
| Report Date: 12/23/2009 | Period: 12/26/2009 through 01/1/2010 |
| Billing Groups: | ||||||||||||||||||||
| No. | Name | No. EEs | Service Fee % | Payroll Gross | Total Cost | |||||||||||||||
| 0 | UNASSIGNED | 1 | 5.91 | $ | 8,000.00 | $ | 8,473.19 | |||||||||||||
| Total Summary: | 1 | $ | 8,000.00 | $ | 8,473.19 | |||||||||||||||
| Total additional charges or credits: | $ | 0.00 | ||||||||||||||||||
| Payroll amount due from client: | $ | 8,473.19 | ||||||||||||||||||
| TOTAL amount due from client: | $ | 8,473.19 | ||||||||||||||||||
| Check # | Check # | |||||||||||||||||||||||||||||||||||
| Employees | Status | Non DD | DD | Prev/Curr | W/C Code | W/C State | Benefits | Service Fee | Payroll Gross | |||||||||||||||||||||||||||
| HEABERLIN, DAVID | DD/EP | 0 | 0/0 | 8810C | CA | S | 5.91 | % | $ | 8,000.00 | ||||||||||||||||||||||||||
| Direct Deposit Gross Pay: | $ | 8,000.00 | ||||||||||||||||||||||||||||||||||
| 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 |
Schedule J — Question 4(a)
Payroll Date — December 31, 2009
Payroll Date — December 31, 2009
Page 5 of 5
Capital Corp of the West
Balance Sheet
As of December 31, 2009
Balance Sheet
As of December 31, 2009
8:58 AM
01/12/10
Cash Basis
| Dec 31, 09 | Nov 30, 09 | $ Change | ||||||||||
ASSETS | ||||||||||||
Current Assets | ||||||||||||
Checking/Savings | ||||||||||||
Citibank -Debtor In Possession | ||||||||||||
CA State Tax Refund Acct | 30,800.00 | 100.00 | 30,700.00 | |||||||||
Federal Tax Refund Acct | 8,900,454.00 | 50,000.00 | 8,850,454.00 | |||||||||
Insurance Refund Acct | 375,239.51 | 375,339.51 | -100.00 | |||||||||
Opearting Account | 6,251,366.93 | 6,338,719.06 | -87,352.13 | |||||||||
Total Citibank -Debtor In Possession | 15,557,860.44 | 6,764,158.57 | 8,793,701.87 | |||||||||
Total Checking/Savings | 15,557,860.44 | 6,764,158.57 | 8,793,701.87 | |||||||||
Total Current Assets | 15,557,860.44 | 6,764,158.57 | 8,793,701.87 | |||||||||
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 | 15,563,822.57 | 6,770,120.70 | 8,793,701.87 | |||||||||
LIABILITIES & EQUITY | ||||||||||||
Liabilities | ||||||||||||
Current Liabilities | ||||||||||||
Other Current Liabilities | ||||||||||||
Priority Claims | ||||||||||||
Deferred Compensation | 3,500.00 | 3,500.00 | 0.00 | |||||||||
Total Priority Claims | 3,500.00 | 3,500.00 | 0.00 | |||||||||
Undisputed Claims Received | ||||||||||||
Bay View — Deferred Purchase | ||||||||||||
Deferred Puchase Price | 1,373,139.48 | 1,373,139.48 | 0.00 | |||||||||
Interest on Deferral | 130,880.88 | 130,880.88 | 0.00 | |||||||||
Total Bay View — Deferred Purchase | 1,504,020.36 | 1,504,020.36 | 0.00 | |||||||||
Compensation Related Claims | 1,879,853.00 | 1,879,853.00 | 0.00 | |||||||||
County Staturtory Trust I | ||||||||||||
Interest | 751,608.00 | 751,608.00 | 0.00 | |||||||||
Principal | 6,186,000.00 | 6,186,000.00 | 0.00 | |||||||||
Total County Staturtory Trust I | 6,937,608.00 | 6,937,608.00 | 0.00 | |||||||||
County Statutory Trust II | ||||||||||||
Interest | 537,166.00 | 537,166.00 | 0.00 | |||||||||
Principal | 10,310,000.00 | 10,310,000.00 | 0.00 | |||||||||
Total County Statutory Trust II | 10,847,166.00 | 10,847,166.00 | 0.00 | |||||||||
County Statutory Trust III | ||||||||||||
Interest | 744,779.00 | 744,779.00 | 0.00 | |||||||||
Principal | 15,464,000.00 | 15,464,000.00 | 0.00 | |||||||||
Total County Statutory Trust III | 16,208,779.00 | 16,208,779.00 | 0.00 | |||||||||
County Statutory Trust IV | ||||||||||||
Interest | 1,752,346.00 | 1,752,346.00 | 0.00 | |||||||||
Principal | 25,774,000.00 | 25,774,000.00 | 0.00 | |||||||||
Total County Statutory Trust IV | 27,526,346.00 | 27,526,346.00 | 0.00 | |||||||||
Creditor Claims | 19,167.00 | 19,167.00 | 0.00 | |||||||||
Total Undisputed Claims Received | 64,922,939.36 | 64,922,939.36 | 0.00 | |||||||||
Total Other Current Liabilities | 64,926,439.36 | 64,926,439.36 | 0.00 | |||||||||
Total Current Liabilities | 64,926,439.36 | 64,926,439.36 | 0.00 | |||||||||
Total Liabilities | 64,926,439.36 | 64,926,439.36 | 0.00 | |||||||||
Equity | ||||||||||||
Opening Balance Equity | -64,926,439.36 | -64,926,439.36 | 0.00 | |||||||||
Net Income | 15,563,822.57 | 6,770,120.70 | 8,793,701.87 | |||||||||
Total Equity | -49,362,616.79 | -58,156,318.66 | 8,793,701.87 | |||||||||
TOTAL LIABILITIES & EQUITY | 15,563,822.57 | 6,770,120.70 | 8,793,701.87 | |||||||||
3:43 PM
01/11/10
01/11/10
Capital Corp of the West
Reconciliation Detail
Citibank, Period Ending 05/31/2009
Reconciliation Detail
Citibank, Period Ending 05/31/2009
| Type | Date | Num | Name | Clr | Amount | Balance | ||||||||||||
| Beginning Balance | 6,962,125.46 | |||||||||||||||||
| Cleared Transactions | ||||||||||||||||||
| Checks and Payments - 22 items | ||||||||||||||||||
| Check | 3/25/2009 | 1017 | Michael Graves | X | -600.00 | -600.00 | ||||||||||||
| Check | 4/24/2009 | 1033 | Wilmington Trust C... | X | -220.00 | -820.00 | ||||||||||||
| Check | 4/30/2009 | 1038 | Bingham McCutchen | X | -146,272.73 | -147,092.73 | ||||||||||||
| Check | 4/30/2009 | 1035 | Shipman & Goodwin | X | -3,164.50 | -150,257.23 | ||||||||||||
| Check | 4/30/2009 | 1037 | David Heaberlin | X | -806.01 | -151,063.24 | ||||||||||||
| Check | 4/30/2009 | 1039 | Jerry E. Calister | X | -500.00 | -151,563.24 | ||||||||||||
| Check | 4/30/2009 | 1042 | Dorothy L. Bizzini | X | -400.00 | -151,963.24 | ||||||||||||
| Check | 4/30/2009 | 1041 | Curtis A. Riggs | X | -400.00 | -152,363.24 | ||||||||||||
| Check | 4/30/2009 | 1040 | John D. Fawcett | X | -400.00 | -152,763.24 | ||||||||||||
| Check | 4/30/2009 | 1043 | David X. Bonnar | X | -400.00 | -153,163.24 | ||||||||||||
| Check | 4/30/2009 | 1044 | Curtis R. Grant | X | -200.00 | -153,363.24 | ||||||||||||
| Check | 5/1/2009 | Administaff | X | -11,246.61 | -164,609.85 | |||||||||||||
| Check | 5/6/2009 | 1049 | Steiner Investments | X | -1,280.00 | -165,889.85 | ||||||||||||
| Check | 5/6/2009 | 1050 | Comcast | X | -305.79 | -166,195.64 | ||||||||||||
| Check | 5/8/2009 | Administaff | X | -11,202.94 | -177,398.58 | |||||||||||||
| Check | 5/10/2009 | 0000 | Bingham McCutchen | X | -64,577.23 | -241,975.81 | ||||||||||||
| Check | 5/10/2009 | 0000 | Felderstein Fitzgerald | X | -27,487.19 | -269,463.00 | ||||||||||||
| Check | 5/10/2009 | 0000 | ADP | X | -7,388.60 | -276,851.60 | ||||||||||||
| Check | 5/10/2009 | 0000 | JAS Development | X | -975.00 | -277,826.60 | ||||||||||||
| Check | 5/15/2009 | Administaff | X | -8,473.20 | -286,299.80 | |||||||||||||
| Check | 5/22/2009 | Administaff | X | -11,206.35 | -297,506.15 | |||||||||||||
| Check | 5/29/2009 | Administaff | X | -11,206.35 | -308,712.50 | |||||||||||||
| Total Checks and Payments | -308,712.50 | -308,712.50 | ||||||||||||||||
| Deposits and Credits - 6 items | ||||||||||||||||||
| Check | 4/29/2009 | 1034 | ***VOID*** | X | 0.00 | 0.00 | ||||||||||||
| Check | 4/30/2009 | 1046 | ***VOID*** | X | 0.00 | 0.00 | ||||||||||||
| Check | 4/30/2009 | 1048 | ***VOID*** | X | 0.00 | 0.00 | ||||||||||||
| ChecK | 4/30/2009 | 1047 | ***VOID*** | X | 0.00 | 0.00 | ||||||||||||
| Deposit | 4/30/2009 | David Heaberlin | X | 359.31 | 359.31 | |||||||||||||
| Deposit | 4/30/2009 | X | 50,530.00 | 50,889.31 | ||||||||||||||
| Total Deposits and Credits | 50,889.31 | 50,889.31 | ||||||||||||||||
| Total Cleared Transactions | -257,823.19 | -257,823.19 | ||||||||||||||||
| Cleared Balance | -257,823.19 | 6,704,302.27 | ||||||||||||||||
| Register Balance as of 05/31/2009 | -257,823.19 | 6,704,302.27 | ||||||||||||||||
| New Transactions | ||||||||||||||||||
| Checks and Payments - 4 items | ||||||||||||||||||
| Transfer | 6/4/2009 | -6,500,000.00 | -6,500,000.00 | |||||||||||||||
| Check | 6/5/2009 | Administaff | -11,206.35 | -6,511,206.35 | ||||||||||||||
| Check | 6/12/2009 | Administaff | -11,206.35 | -6,522,412.70 | ||||||||||||||
| Transfer | 6/15/2009 | -181,889.57 | -6,704,302.27 | |||||||||||||||
| Total Checks and Payments | -6,704,302.27 | -6,704,302.27 | ||||||||||||||||
| Total New Transactions | -6,704,302.27 | -6,704,302.27 | ||||||||||||||||
| Ending Balance | -6,962,125.46 | 0.00 | ||||||||||||||||
DIP Operating Account
December Reconciliation
December Reconciliation
| Citibank Client Services 587 | 000001/R1/20F000/0 | ||||||
| PO Box 769013 | 014 | ||||||
| San Antonio, TX 78245-9013 | CITIBANK, N. A. | ||||||
| Account | |||||||
| 9951707360 | |||||||
| DIP-CAPITAL CORP OF THE WEST-DIP | Statement Period | ||||||
| OPERATING ACCOUNT | Dec. 1 — Dec. 31, 2009 | ||||||
| C/O DAVID HEABERLIN | Relationship Manager | ||||||
| 2801 G STREET | Gaudino,Bruce | ||||||
| MERCED CA 95340 | (212) 559-6055 | ||||||
CitiBusiness® ACCOUNT AS OF DECEMBER 31, 2009
| Relationship Summary: | ||||
Checking | $ | 15,559,660.44 | ||
Savings | — | |||
Investments (not FDIC insured) | — | |||
Checking Plus | — |
| Checking | Balance | |||
| CitiBusiness Checking 9951707360 | $ | 6,253,166.93 | ||
| CitiBusiness Checking 9951707387 | $ | 0.00 | ||
| CitiBusiness Checking 9951707416 | $ | 0.00 | ||
| CitiBusiness Checking 9951707424 | $ | 375,239.51 | ||
| CitiBusiness Checking 9958952078 | $ | 8,900,454.00 | ||
| CitiBusiness Checking 9958960828 | $ | 30,800.00 | ||
Total Checking at Citibank | $ | 15,559,660.44 | ||
SUGGESTIONS AND RECOMMENDATIONS
WHEN PLANNING THAT NEXT GETAWAY
Plan on Citibank’sWorld Wallet® Serviceto make ordering
Foreign Currency easier than ever.
You have access to a wide variety of Foreign Currencies, delivered right to your door
or place of business.
(Anywhere in the Continental U.S).
Visit your nearest Citibank or call 1-800-756-7050
Limits/Fees apply.
Plan on Citibank’sWorld Wallet® Serviceto make ordering
Foreign Currency easier than ever.
You have access to a wide variety of Foreign Currencies, delivered right to your door
or place of business.
(Anywhere in the Continental U.S).
Visit your nearest Citibank or call 1-800-756-7050
Limits/Fees apply.
SERVICE CHARGE SUMMARY FROM NOVEMBER 1, 2009 THRU NOVEMBER 30, 2009
| Type of Charge | No./Units | Price/Unit | Amount | |||||||||
CITIBUSINESS CHECKING # 9951707360 | ||||||||||||
| Average Daily Collected Balance | $ | 6,353,344.39 | ||||||||||
| DEPOSIT SERVICES | ||||||||||||
| MONTHLY MAINTENANCE FEE | 1 | 20.0000 | 20.00 | |||||||||
| CHECKS PAID | 4 | .2000 | 0.80 | |||||||||
| DEPOSIT TICKETS | 3 | .2000 | 0.60 | |||||||||
| CITIBUSINESS ONLINE | ||||||||||||
| CBOL — OUT. DOMESTIC WIRE TXFR | 5 | 12.5000 | 62.50 | |||||||||
Total Charges for Services | $ | 83.90 | ||||||||||
Page 1 of 4
| DIP-CAPITAL CORP OF THE WEST-DIP | Account 9951707360 | 000002/R1/20F000/0 | ||
| OPERATING ACCOUNT | Statement Period — Dec. 1 — Dec. 31, 2009 |
SERVICE CHARGE SUMMARY FROM NOVEMBER 1, 2009 THRU NOVEMBER 30, 2009 Continued
| Type of Charge | No./Units | Price/Unit | Amount | |||||||||
CITIBUSINESS CHECKING # 9951707387 | ||||||||||||
| Average Daily Collected Balance | $ | 50,000.00 | ||||||||||
| DEPOSIT SERVICES MONTHLY MAINTENANCE FEE | 1 | 20.0000 | 20.00 | |||||||||
Total Charges for Services | $ | 20.00 | ||||||||||
CITIBUSINESS CHECKING # 9951707416 | ||||||||||||
| Average Daily Collected Balance | $ | 100.00 | ||||||||||
| DEPOSIT SERVICES MONTHLY MAINTENANCE FEE | 1 | 20.0000 | 20.00 | |||||||||
Total Charges for Services | $ | 20.00 | ||||||||||
CITIBUSINESS CHECKING # 9951707424 | ||||||||||||
| Average Daily Collected Balance | $ | 375,339.51 | ||||||||||
| DEPOSIT SERVICES MONTHLY MAINTENANCE FEE | 1 | 20.0000 | 20.00 | |||||||||
Total Charges for Services | $ | 20.00 | ||||||||||
Total Non-Interest Bearing Account Charges | $ | 143.90 | ||||||||||
| Average collected balances | $ | 6,778,783.90 | ||||||||||
| Less 10% reserve requirement | $ | 677,878.39 | ||||||||||
| Balances eligible for Earnings Credit | $ | 6,100,905.51 | ||||||||||
| Earnings Credit allowance at 0.50000% | $ | 143.90 | 1 | |||||||||
| Charges Subject to Earnings Credit | $ | 143.90 | ||||||||||
Net Service Charge | $ | 0.00 | ||||||||||
| 1 | — Maximum Earnings Credit cannot exceed monthly fees eligible for offset |
CHECKING ACTIVITY
| CitiBusiness Checking | ||||||||
| 9951707360 | Beginning Balance: | $ | 6,348,394.34 | |||||
Ending Balance: | $ | 6,253,166.93 | ||||||
| Date | Description | Debits | Credits | Balance | ||||||||||||
| 12/01 | CBUSOL TRANSFER DEBIT WIRE TO Administaff Companes, Inc. | 8,473.19 | 6,339,921.15 | |||||||||||||
| 12/03 | CHECK NO: 5048 | 1,810.23 | 6,338,110.92 | |||||||||||||
| 12/07 | CHECK NO: 5049 | 1,695.00 | 6,336,415.92 | |||||||||||||
| 12/07 | CHECK NO: 5056 | 1,280.00 | 6,335,135.92 | |||||||||||||
| 12/07 | CHECK NO: 5046 | 70.00 | 6,335,065.92 | |||||||||||||
| 12/08 | CBUSOL TRANSFER DEBIT WIRE TO Administaff Companes, Inc. | 8,473.19 | 6,326,592.73 | |||||||||||||
| 12/08 | CHECK NO: 5055 | 12.42 | 6,326,580.31 | |||||||||||||
| 12/09 | FUNDS TRANSFER WIRE FROM 9999/2 092900/000 009343290V/IRS Dec 09 | 5,977,932.00 | 12,304,512.31 | |||||||||||||
| 12/09 | FUNDS TRANSFER WIRE FROM 9999/2 092900/000 009343290V/IRS Dec 09 | 2,872,522.00 | 15,177,034.31 | |||||||||||||
| 12/09 | CHECK NO: 5054 | 4,281.00 | 15,172,753.31 | |||||||||||||
| 12/09 | CHECK NO: 5047 | 1,326.91 | 15,171,426.40 | |||||||||||||
| 12/09 | CHECK NO: 5050 | 479.72 | 15,170,946.68 | |||||||||||||
| 12/10 | CHECK NO: 5057 | 306.00 | 15,170,640.68 | |||||||||||||
Page 2 of 4
| DIP-CAPITAL CORP OF THE WEST-DIP | Account 9951707360 | 000003/R1/20F000/0 | ||||
| OPERATING ACCOUNT | Statement Period — Dec. 1 - Dec. 31, 2009 | |||||
| CHECKING ACTIVITY | Continued |
| Date | Description | Debits | Credits | Balance | ||||||||||||
| 12/11 | TRANSFER CREDIT TRANSFER FROM CHECKING Dec 11 009951707416 VIA CBusOL Re # 030212 | 100.00 | 15,170,740.68 | |||||||||||||
| 12/11 | TRANSFER CREDIT TRANSFER FROM CHECKING Dec 11 009951707424 VIA CBusOL Re # 030271 | 100.00 | 15,170,840.68 | |||||||||||||
| 12/11 | TRANSFER DEBIT TRANSFER TO CHECKING Dec 11 VIA CBUSOL REFERENCE # 030243 | 5,977,932.00 | 9,192,908.68 | |||||||||||||
| 12/11 | TRANSFER DEBIT TRANSFER TO CHECKING Dec 11 VIA CBUSOL REFERENCE # 030180 | 2,872,522.00 | 6,320,386.68 | |||||||||||||
| 12/11 | TRANSFER DEBIT TRANSFER TO CHECKING Dec 11 VIA CBUSOL REFERENCE # 030159 | 30,800.00 | 6,289,586.68 | |||||||||||||
| 12/14 | CBUSOL TRANSFER DEBIT WIRE TO Administaff Companes, Inc. | 8,473.20 | 6,281,113.48 | |||||||||||||
| 12/17 | CBUSOL TRANSFER DEBIT WIRE TO Administaff Companes, Inc. | 8,473.20 | 6,272,640.28 | |||||||||||||
| 12/21 | CHECK NO: 5058 | 750.00 | 6,271,890.28 | |||||||||||||
| 12/21 | CHECK NO: 5062 | 400.00 | 6,271,490.28 | |||||||||||||
| 12/23 | CBUSOL TRANSFER DEBIT WIRE TO Administaff Companes, inc. | 8,473.19 | 6,263,017.09 | |||||||||||||
| 12/23 | CHECK NO: 5059 | 600.00 | 6,262,417.09 | |||||||||||||
| 12/24 | CHECK NO: 5064 | 2,853.50 | 6,259,563.59 | |||||||||||||
| 12/30 | DEPOSIT | 530.41 | 6,260,094.00 | |||||||||||||
| 12/30 | CHECK NO: 5065 | 6,927.07 | 6,253,166.93 | |||||||||||||
Total Debits/Credits | 8,946,411.82 | 8,851,184.41 | ||||||||||||||
| Checks Paid | ||||||||||||||||||||||||||||||||||||||||||||
| Check | Date | Amount | Check | Date | Amount | Check | Date | Amount | Check | Date | Amount | |||||||||||||||||||||||||||||||||
| 5046 | 12/07 | 70.00 | 5050 | 12/09 | 479.72 | 5057 | 12/10 | 306.00 | 5062 | * | 12/21 | 400.00 | ||||||||||||||||||||||||||||||||
| 5047 | 12/09 | 1,326.91 | 5054 | * | 12/09 | 4,281.00 | 5058 | 12/21 | 750.00 | 5064 | * | 12/24 | 2,853.50 | |||||||||||||||||||||||||||||||
| 5048 | 12/03 | 1,810.23 | 5055 | 12/08 | 12.42 | 5059 | 12/23 | 600.00 | 5065 | 12/30 | 6,927.07 | |||||||||||||||||||||||||||||||||
| 5049 | 12/07 | 1,695.00 | 5056 | 12/07 | 1,280.00 | |||||||||||||||||||||||||||||||||||||||
| * | Indicates gap in check number sequence Number Checks Paid: 14 Totaling: $22,791.85 |
| CitiBusiness Checking | ||||||||
| 9951707387 | Beginning Balance: | $ | 50,000.00 | |||||
Ending Balance: | $ | 0.00 | ||||||
| Date | Description | Debits | Credits | Balance | ||||||||||||
| 12/11 | TRANSFER DEBIT | 50,000.00 | 0.00 | |||||||||||||
| TRANSFER TO CHECKING Dec 11 VIA CBUSOL REFERENCE # 029668 | ||||||||||||||||
| CitiBusiness Checking | ||||||||
| 9951707416 | Beginning Balance: | $ | 100.00 | |||||
Ending Balance: | $ | 0.00 | ||||||
| Date | Description | Debits | Credits | Balance | ||||||||||||
| 12/11 | TRANSFER CREDIT TRANSFER FROM CHECKING Dec 11 009951707360 VIA CBusOL Re# 030159 | 30,800.00 | 30,900.00 | |||||||||||||
| 12/11 | TRANSFER DEBIT TRANSFER TO CHECKING Dec 11 VIA CBUSOL REFERENCE#030205 | 30,800.00 | 100.00 | |||||||||||||
| 12/11 | TRANSFER DEBIT TRANSFER TO CHECKING Dec 11 VIA CBUSOL REFERENCE#030212 | 100.00 | 0.00 | |||||||||||||
Total Debits/Credits | 30,900.00 | 30,800.00 | ||||||||||||||
| CitiBusiness Checking | ||||||||
| 9951707424 | Beginning Balance: | $ | 375,339.51 | |||||
Ending Balance: | $ | 375,239.51 | ||||||
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| DIP-CAPITAL CORP OF THE WEST-DIP | Account 9951707360 | 000004/R1/20F000/0 | ||||
| OPERATING ACCOUNT | Statement Period — Dec. 1 - Dec. 31, 2009 | |||||
| CHECKING ACTIVITY | Continued |
| Date | Description | Debits | Credits | Balance | ||||||||||||
| 12/11 | TRANSFER DEBIT | 100.00 | 375,239.51 | |||||||||||||
| TRANSFER TO CHECKING Dec 11 VIA CBUSOL REFERENCE # 030271 | ||||||||||||||||
| CitiBusiness Checking | ||||||||
| 9958952078 | Beginning Balance: | $ | 0.00 | |||||
Ending Balance: | $ | 8,900,454.00 | ||||||
| Date | Description | Debits | Credits | Balance | ||||||||||
| 12/11 | TRANSFER CREDIT TRANSFER FROM CHECKING Dec 11 009951707360 VIA CBusOL Re # 030243 | 5,977,932.00 | 5,977,932.00 | |||||||||||
| 12/11 | TRANSFER CREDIT TRANSFER FROM CHECKING Dec 11 009951707360 VIA CBusOL Re # 030180 | 2,872,522.00 | 8,850,454.00 | |||||||||||
| 12/11 | TRANSFER CREDIT TRANSFER FROM CHECKING Dec 11 009951707387 VIA CBusOL Re # 029668 | 50,000.00 | 8,900,454.00 | |||||||||||
Total Debits/Credits | 0.00 | 8,900,454.00 | ||||||||||||
CUSTOMER SERVICE INFORMATION.
IF YOU HAVE QUESTIONS ON: | YOU CAN CALL: | YOU CAN WRITE: | ||
| Checking | 877-528-0990 (For Speech and | CitiBusiness 100 Citibank Drive | ||
| Hearing Impaired Customers Only | San Antonio, TX 78245-9966 | |||
| TDD: 800-945-0258) |
For change in address, call your account officer or visit your branch.
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