Exhibit 99.1
Report of Operations
For the Period February 1 – 4, 2010
Report of Operations
For the Period February 1 – 4, 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 ENDING4-Feb 2010
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 & 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. Nationwide Life Insurance Refund | 27.66 | |||
b. | ||||
1. TOTAL RECEIPTS | $ | 27.66 | ||
DISBURSEMENTS | ||||
Payments to vendors for merchandise | N/A | |||
Net payroll paid | 8,407.07 | |||
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 | $ | — | ||
b. Office Supplies | — | |||
c. Travel Expenses | — | |||
d. Public Disclosure Issuance Costs | — | |||
e. Rent Expense | — | |||
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 | — | |||
l. Postage & Delivery | — | |||
Miscellaneous (attach listing) | ||||
Living allowance or draw | N/A | |||
2. TOTAL DISBURSEMENTS | $ | 8,407.07 | ||
3. Receipts OVER or (UNDER) disbursements | $ | (8,379.41 | ) | |
SCHEDULE B
SUMMARY OF CASH TRANSACTIONS
SINCE FILING PETITION
SUMMARY OF CASH TRANSACTIONS
SINCE FILING PETITION
4. Total receipts to date | $ | 9,290,135.21 | ||
(Prior month Schedule B line 4 plus current month Schedule A line 1) | ||||
5. Total disbursements to date | $ | 549,201.89 | ||
(Prior month Schedule B line 5 plus current month Schedule A line 2) | ||||
6. Net receipts over (under) disbursements | $ | 8,740,933.32 | ||
SCHEDULE C — SEE ATTACHED SPREADSHEET BALANCE IN DEBTOR IN POSSESSION ACCOUNT | ||||
Balance at end of last month | $ | 15,484,500.90 | ||
Net transactions for this month (Line 3 — Schedule A) | (8,379.41 | ) | ||
Balance at end of this month | $ | 15,476,121.49 | ||
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
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 Weeklyo Biweeklyo Semimonthlyo 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#
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) | X | |||||
Tax account | X | |||||
Other account | X | |||||
2. Listing of unpaid post-petition debts | X | |||||
(include unpaid professional fees and interest owed) | ||||||
3. Have any payments been made to secured creditors or lessors? | X | |||||
(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 | X | |||||
(If yes — attach listing of payments made) | ||||||
(b) Were these payments approved by the court? | X | |||||
5. (a) Have any payments been made on prepetition debts? | X | |||||
(If yes — attach listing of payments made) | ||||||
(b) Were these payments approved by the court? | ||||||
6. Do you carry insurance coverage of any kind? | X | |||||
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) | X | |||||
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. Q4 2009 Trustee Fees of $1,625.00 paid on January 25, 2010. |
DECLARATION OF DEBTOR
I certify under penalty of perjury that the foregoing is true and correct.
February 12, 2010 | /s/ David A. Haeberlin | |
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.
/s/ David A. Haeberlin | ||
(Signature of Preparer — Attorney or Accountant |
(MOR-1:6/90)
Capital Corp of the West 09-14298-B-11F |
Cash/Bank Account | Beginning Balance | Transfers | Ending Balance | ||||||||||||||||||||
Bank & Acct # | 31-Jan-10 | Receipts | Disbursements | in (+)/out (-) | 4-Feb-10 | ||||||||||||||||||
Citibank DIP Accounts: | $ | — | $ | — | |||||||||||||||||||
Operating A/C# 9951707360 (See Note 8 Below) | $ | 6,178,007.39 | $ | 27.66 | $ | 8,407.07 | $ | (6,000,000.00 | ) | $ | 169,627.98 | ||||||||||||
Operating — Money Market A/C # 9960060669 | $ | — | $ | 6,000,000.00 | $ | 6,000,000.00 | |||||||||||||||||
Federal Tax Refund A/C#9951707387 (See Notes 7 & 8 Below) | $ | 8,900,454.00 | $ | — | $ | — | $ | (3,900,454.00 | ) | $ | 5,000,000.00 | ||||||||||||
Federal Tax Refund — Money Market A/C # 9960060677 | $ | — | $ | 3,900,454.00 | $ | 3,900,454.00 | |||||||||||||||||
California Tax Refund A/C# 9951707416 (See Note 7 & 8 Below) | $ | 30,800.00 | $ | — | $ | — | $ | (30,000.00 | ) | $ | 800.00 | ||||||||||||
California Tax Refund — Money Market A/C # 9960060685 | $ | — | $ | 30,000.00 | $ | 30,000.00 | |||||||||||||||||
Insurance Refund A/C#9951707424 (See Note 8 Below) | $ | 375,239.51 | $ | — | $ | — | $ | (375,000.00 | ) | $ | 239.51 | ||||||||||||
Insurance Refund — Money Market A/C# 9951707424 | $ | — | $ | 375,000.00 | $ | 375,000.00 | |||||||||||||||||
Total | $ | 15,484,500.90 | $ | 27.66 | $ | 8,407.07 | $ | — | $ | 15,476,121.49 | |||||||||||||
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 February 4, 2010, 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) have been received. | |
8. | The Debtor reached agreement with Citibank as of February 4, 2010 to establish Money Market accounts which will bear an annual interest rate of 80 basis points. This rate is subject to change without notice. The Debtor also agreed to maintain approximately $5 million in checking account deposits to cover the costs of servicing the Debtor’s banking relationship including the securities required to be pledged to collateralized the entire relationship. | |
9. | The Debtor has filed Federal and California tax refund requests in the amount of $10.056 million and $2.324 million, respectively. The Debtor has received a significant portion of the expected Federal Income Tax refunds (See Note 7 Above). 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 carry back 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 include in the Balance Sheet of the Debtor included herein. See Note 7 Above. | ||
10. | The February 4, 2010 and the January 31, 2010 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. |
Capital Corp of the West
Profit & Loss Detail
February 1-4, 2010
Profit & Loss Detail
February 1-4, 2010
Cash Basis
Type | Date | Num | Name | Memo | Clr | Split | Original Amount | Paid Amount | Balance | |||||||||||||||||
Income | ||||||||||||||||||||||||||
Refunds | ||||||||||||||||||||||||||
Insurance | ||||||||||||||||||||||||||
Deposit | 2/1/2010 | Nationwide Life In... | Refund of M... | Operating Ac... | 27.66 | 27.66 | 27.66 | |||||||||||||||||||
Total Insurance | 27.66 | 27.66 | ||||||||||||||||||||||||
Total Refunds | 27.66 | 27.66 | ||||||||||||||||||||||||
Total income | ||||||||||||||||||||||||||
27.66 | 27.66 | |||||||||||||||||||||||||
Expense | ||||||||||||||||||||||||||
Compensation Costs | ||||||||||||||||||||||||||
Check | 2/1/2010 | 0000 | Administaff | Week Ende... | Operating Ac... | 8,937.48 | 8,937.48 | 8,937.48 | ||||||||||||||||||
Deposit | 2/1/2010 | David Heaberlin | Deposit | Operating Ac... | -530.41 | -530.41 | 8,407.07 | |||||||||||||||||||
Total Compensation Costs | 8,407.07 | 8,407.07 | ||||||||||||||||||||||||
Total Expense | 8,407.07 | 8,407.07 | ||||||||||||||||||||||||
Net Income | -8,379.41 | -8,379.41 | ||||||||||||||||||||||||
Invoice Report |
CAPITAL CORP OF THE WEST(2606900) | Invoice #: 3123620 | |
2801 G ST | Payroll Date: 02/5/2010 | |
MERCED, CA95340-2133 | Payroll #: 1 | |
Payroll Contact: DAVID A HEABERLIN | Payroll Type: REGULAR — 1 | |
Report Date: 1/29/2010 | Period: 01/30/2010 through 02/5/2010 |
Billing | Groups: | |||||||||||||||||||
No. | Name | No. EEs | Service Fee % | Payroll Gross | Total Cost | |||||||||||||||
0 | UNASSIGNED | 1 | 11.72 | $ | 8,000.00 | $ | 8,937.48 | |||||||||||||
Total Summary: | 1 | $ | 8,000.00 | $ | 8,937.48 | |||||||||||||||
Total additional charges or credits: | $ | 0.00 | ||||||||||||||||||
Payroll amount due from client: | $ | 8,937.48 | ||||||||||||||||||
TOTAL amount due from client: | $ | 8,937.48 |
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 | 11.72 | % | $ | 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 — February 5, 2010
Payroll Date — February 5, 2010
Capital Corp of the West
Balance Sheet
Balance Sheet
As of February 4, 2010
Cash Basis
Feb 4, 10 | Jan 31, 10 | $ Change | ||||||||||
ASSETS | ||||||||||||
Current Assets | ||||||||||||
Checking/Savings | ||||||||||||
Citibank -Debtor In Possession | ||||||||||||
CA State Tax Refund Acct | ||||||||||||
CA State Tax Refund MoneyMarket | 30,000.00 | 0.00 | 30,000.00 | |||||||||
CA State Tax Refund Acct — Other | 800.00 | 30,800.00 | -30,000.00 | |||||||||
Total CA State Tax Refund Acct | 30,800.00 | 30,800.00 | 0.00 | |||||||||
Federal Tax Refund Acct | ||||||||||||
Federal Tax Refund Money Market | 3,900,454.00 | 0.00 | 3,900,454.00 | |||||||||
Federal Tax Refund Acct — Other | 5,000,000.00 | 8,900,454.00 | -3,900,454.00 | |||||||||
Total Federal Tax Refund Acct | 8,900,454.00 | 8,900,454.00 | 0.00 | |||||||||
Insurance Refund Acct | ||||||||||||
Insurance Refund Money Market | 375,000.00 | 0.00 | 375,000.00 | |||||||||
Insurance Refund Acct — Other | 239.51 | 375,239.51 | -375,000.00 | |||||||||
Total Insurance Refund Acct | 375,239.51 | 375,239.51 | 0.00 | |||||||||
Operating Account | ||||||||||||
Operating Account Money Market | 6,000,000.00 | 0.00 | 6,000,000.00 | |||||||||
Operating Account — Other | 169,627.98 | 6,178,007.39 | -6,008,379.41 | |||||||||
Total Operating Account | 6,169,627.98 | 6,178,007.39 | -8,379.41 | |||||||||
Total Citibank -Debtor In Possession | 15,476,121.49 | 15,484,500.90 | -8,379.41 | |||||||||
Total Checking/Savings | 15,476,121.49 | 15,484,500.90 | -8,379.41 | |||||||||
Total Current Assets | 15,476,121.49 | 15,484,500.90 | -8,379.41 | |||||||||
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 | 15,482,083.62 | 15,490,463.03 | -8,379.41 | |||||||||
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 | |||||||||
Retained Earnings | 15,563,822.57 | 15,563,822.57 | 0.00 | |||||||||
Net Income | -81,738.95 | -73,359.54 | -8,379.41 | |||||||||
Total Equity | -49,444,355.74 | -49,435,976.33 | -8,379.41 | |||||||||
TOTAL LIABILITIES & EQUITY | 15,482,083.62 | 15,490,463.03 | -8,379.41 | |||||||||
Capital Corp of the West
Reconciliation Detail
Operating Account, Period Ending 02/04/2010
Reconciliation Detail
Operating Account, Period Ending 02/04/2010
Type | Date | Num | Name | Clr | Amount | Balance | ||||||||||||
Beginning Balance | 6,197,735.62 | |||||||||||||||||
Cleared Transactions | ||||||||||||||||||
Checks and Payments-9 items | ||||||||||||||||||
Check | 1/25/2010 | 5075 | Computershare | X | -6,686.34 | -6,686.34 | ||||||||||||
Check | 1/25/2010 | 5071 | Perry Smith LLP | X | -3,140.40 | -9,826.74 | ||||||||||||
Check | 1/25/2010 | 5072 | U. S. Trustee | X | -1,625.00 | -11,451.74 | ||||||||||||
Check | 1/25/2010 | 5074 | AT Conference | X | -419.14 | -11,870.88 | ||||||||||||
Check | 1/25/2010 | 5076 | Comcast | X | -310.87 | -12,181.75 | ||||||||||||
Check | 1/30/2010 | 5080 | Bowne of Los Angel... | X | -1,875.00 | -14,056.75 | ||||||||||||
Check | 1/30/2010 | 5078 | David Heaberlin | X | -562.65 | -14,619.40 | ||||||||||||
Check | 2/1/2010 | 0000 | Administaff | X | -8,937.48 | -23,556.88 | ||||||||||||
Transfer | 2/4/2010 | X | -6,000,000.00 | -6,023,556.88 | ||||||||||||||
Total Checks and Payments | -6,023,556.88 | -6,023,556.88 | ||||||||||||||||
Deposits and Credits-3 items | ||||||||||||||||||
Deposit | 2/1/2010 | X | 27.66 | 27.66 | ||||||||||||||
Deposit | 2/1/2010 | X | 530.41 | 558.07 | ||||||||||||||
Transfer | 2/4/2010 | X | 6,000,000.00 | 6,000,558.07 | ||||||||||||||
Total Deposits and Credits | 6,000,558.07 | 6,000,558.07 | ||||||||||||||||
Total Cleared Transactions | -22,998.81 | -22,998.81 | ||||||||||||||||
Cleared Balance | -22,998.81 | 6,174,736.81 | (1) | |||||||||||||||
Uncleared Transactions | ||||||||||||||||||
Checks and Payments-3 items | ||||||||||||||||||
Check | 1/30/2010 | 5079 | Computershare | -2,614.18 | -2,614.18 | |||||||||||||
Check | 1/31/2010 | 5082 | Bowne of Los Angel... | -2,185.00 | -4,799.18 | |||||||||||||
Check | 1/31/2010 | 5081 | Comcast | -309.65 | -5,108.83 | |||||||||||||
Total Checks and Payments | -5,108.83 | -5,108.83 | ||||||||||||||||
Total Uncleared Transactions | -5,108.83 | -5,108.83 | ||||||||||||||||
Register Balance as of 02/04/2010 | -28,107.64 | 6,169,627.98 | ||||||||||||||||
New Transactions | ||||||||||||||||||
Checks and Payments-1 item | ||||||||||||||||||
Transfer | 2/5/2010 | -27.66 | -27.66 | |||||||||||||||
Total Checks and Payments | -27.66 | -27.66 | ||||||||||||||||
Total New Transactions | -27.66 | -27.66 | ||||||||||||||||
Ending Balance | -28,135.30 | 6,169,600.32 | ||||||||||||||||
(1) | Represents $174,736.81 Checkers Account Balance (See Attached) and $6,000,000.00 in Money Market Account. |
DIP Operating Account
February 4, 2010 Reconciliation
February 4, 2010 Reconciliation
Recent Account ActivityFebruary 01 2010 to February 04 2010 | Start-of-day available: 160,690.50 | Current available: 160,690.50 | ||
Debits & Credits for Checking Account: DIP Operating (9951707360) | Start-of-day ledger: 160,690.50 | Current ladger: 160,690.50 |
6Date5 | 6Description5 | 6Credit5 | 6Debit5 | Balance | ||||||||||
02/01/10 | Deposit TLR Br#: 00983 TID:04 | 530.41 | 6,198,266.03 | |||||||||||
02/01/10 | Deposit TLR Br#: 00983 TID:04 | 27.66 | 6,198,293.69 | |||||||||||
02/01/10 | Check #5075 View Check | -6,686.34 | 6,191,607.35 | |||||||||||
02/01/10 | Check #5072 View Check | -1,625.00 | 6,189,982.35 | |||||||||||
02/01/10 | Check #5074 View Check | -419.14 | 6,189,563.21 | |||||||||||
02/02/10 | WIRE TO Administaff Companes, Inc. | -8,937.48 | 6,180,625.73 | |||||||||||
02/03/10 | Check #5080 View Check | -1,875.00 | 6,178,750.73 | |||||||||||
02/03/10 | Check #5078 View Check | -562.65 | 6,178,188.08 | |||||||||||
02/03/10 | Check #5076 View Check | -310.87 | 6,177,877.21 | |||||||||||
02/04/10 | Withdrawal Br#: 00022 TID:07 399 PARK AVENUE, NY, NY | -6,000,000.00 | 177,877.21 | |||||||||||
02/04/10 | Check #5071 View Check | -3,140.40 | 174,736.81 |
Citibank DIP Account — February 1 - 4, 2010
Recent Account ActivityFebruary 01 2010
Debits & Credits for Checking Account: DIPOperating (9951707360)
Debits & Credits for Checking Account: DIPOperating (9951707360)
Date | Description | Credit | Debit | Balance | ||||||||||
02/01/10 | Deposit TLR Br#: 00983 TID:04 | 530.41 | 6,198,266.03 | |||||||||||
02/01/10 | Deposit TLR Br#: 00983 TID:04 | 27.66 | 6,198,293.69 | |||||||||||
02/01/10 | Check #5075 View Check | -6,686.34 | 6,191,607.35 | |||||||||||
02/01/10 | Check #5072 View Check | -1,625.00 | 6,189,982.35 | |||||||||||
02/01/10 | Check #5074 View Check | -419.14 | 6,189,563.21 |
Debits & Credits: Checking Account: 9958960828 Has no activity for February 01 2010
Debits & Credits: Checking Account: 9958952078 Has no activity for February 01 2010
Debits & Credits: Checking Account: 9958952078 Has no activity for February 01 2010
Citibank DIP Account — February 1, 2010 Activity
Recent Account ActivityFebruary 02 2010
Debits & Credits for Checking Account: DIPOperating (9951707360)
Debits & Credits for Checking Account: DIPOperating (9951707360)
Date | Description | Credit | Debit | Balance | ||||||||||
02/02/10 | WIRE TO Administaff Companes, Inc. | — 8,937.48 | 6,180,625.73 |
Debits & Credits: Checking Account: 9958960828 | Has no activity for February 02 2010 | |
Debits & Credits: Checking Account: 9958952078 | Has no activity for February 02 2010 |
Citibank DIP Account — February 2, 2010 Activity
Recent Account ActivityFebruary 03 2010
Debits & Credits for Checking Account: DIP Operating (9951707360)
Debits & Credits for Checking Account: DIP Operating (9951707360)
Date | Description | Credit | Debit | Balance | ||||||
02/03/10 | Check #5080 View Check | -1,875.00 | 6,178,750.73 | |||||||
02/03/10 | Check #5078 View Check | -562.65 | 6,178,188.08 | |||||||
02/03/10 | Check #5076 View Check | -310.87 | 6,177,877.21 |
Debits & Credits: Checking Account: 9958960828 | Has no activity for February 03 2010 | |
Debits & Credits: Checking Account: 9958952078 | Has no activity for February 03 2010 |
Citibank DIP Account — February 3, 2010 Activity
Recent Account ActivityFebruary 04 2010
Debits & Credits for Checking Account: DIPOperating (9951707360)
Debits & Credits for Checking Account: DIPOperating (9951707360)
Date | Description | Credit | Debit | Balance | ||||||||||
02/04/10 | Withdrawal Br#: 00022 TID:07 399 PARK AVENUE, NY, NY | -6,000,000.00 | 177,877.21 | |||||||||||
02/04/10 | Check #5071 View Check | -3,140.40 | 174,736.81 | |||||||||||
Debits & Credits for Checking Account: DIPSUBCAREFD (9958960828) | ||||||||||||||
Date | Description | Credit | Debit | Balance | ||||||||||
02/04/10 | Withdrawal Br#: 00022 TID:07 399 PARK AVENUE, NY, NY | -30,000.00 | 800.00 | |||||||||||
Debits & Credits for Checking Account: DIPSUBFDREFD (9958952078) | ||||||||||||||
Date | Description | Credit | Debit | Balance | ||||||||||
02/04/10 | Withdrawal Br#: 00022 TID:07 399 PARK AVENUE,NY,NY | -3,900,454.00 | 5,000,000.00 |
Citibank DIP Account — February 4, 2010 Activity