PFF Bancorp (PFFBQ) 8-K Other Events

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT
                    DISTRICT OF DELAWARE

In re PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 4/1-4/30/09

MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month.

Submit copy of report to any official committee appointed in the case.

				Affidavit/
		Document	Explanation	Supplement
REQUIRED DOCUMENTS	Form No.	Attached	Attached	Attached
Schedule of Cash Receipts and Disbursements	MOR-1	YES
Bank Reconciliation (or copies of debtor’s bank reconciliations)	MOR-1a	YES
Schedule of Professional Fees Paid	MOR-1b	YES
Copies of bank statements		YES
Cash disbursements journals		YES
Statement of Operations	MOR-2	YES
Balance Sheet	MOR-3	YES
Status of Post-petition Taxes	MOR-4	YES
Copies of IRS Form 6123 or payment receipt		N/A
Copies of tax returns filed during reporting period		N/A
Summary of Unpaid Post-petition Debts	MOR-4	YES
Listing of aged accounts payable	MOR-4	YES
Accounts Receivable Reconciliation and Aging	MOR-5	YES
Debtor Questionnaire	MOR-5	YES

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

Signature of Debtor	Date
Signature of Joint Debtor	Date
/s/ Kevin McCarthy	5/15/09
Signature of Authorized Individual*	Date
Kevin McCarthy	CEO
Printed Name of Authorized Individual	Title of Authorized Individual

* Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

In re Debtor PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 4/1-4/30/09

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filled. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]

											CUMULATIVE FILING
	BANK ACCOUNTS						CURRENT MONTH				TO DATE
	OPER.			PAYROLL	TAX	OTHER	ACTUAL			PROJECTED	ACTUAL			PROJECTED
CASH BEGINNING OF MONTH		3207240.76						3207240.76				3637884.57
RECEIPTS
CASH SALES
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS
OTHER (ATTACH LIST)												215515.06
TRANSFERS (FROM DIP ACCTS)
TOTAL RECEIPTS		—						—				215515.06
DISBURSEMENTS
NET PAYROLL/PAYROLL TAXES		49610.87						49610.87				176395.38
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES
INSURANCE												280164.00
ADMINISTRATIVE		32020.07						32020.07				270580.43
SELLING
OTHER (ATTACH LIST)
OWNER DRAW*
TRANSFERS (TO DIP ACCTS)
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES												650.00
COURT COSTS
TOTAL DISBURSEMENTS		81630.94						81630.94				727789.81
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)		(81630.94	)					(81630.94	)			(512274.75	)
CASH — END OF MONTH		3125609.82						3125609.82				3125609.82

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	81630.94
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS	$
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)	$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	81630.94

Account # 3755559146

Account Name PFF BANCORP

Reconciliation As of Date 4/30/09

Balance per Bank	$	3,415,555.71
Deposits in Transit
Date	Amount
Total
Outstanding Checks
Check #	Amount
1027		183,899.00
1028		96,265.00
10011 (ADP Payroll 4/30)		9,735.45
ADP Service Charge		46.44
Total		(289,945.89	)
Other (List)
Balance per Books	$	3,125,609.82

In re Debtor PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 4/1-4/30/09

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month.

				Check		Amount Paid		Year-To-Date
Payee	Period Covered	Amount Covered	Payor	Number	Date	Fees	Expenses	Fees	Expenses
			NONE

FORM MOR-1b
(04/07)

Bank of America LOGO CUSTOMER CONNECTION BANK OF AMERICA, N.A. DALLAS, TEXAS 75283-2406	Account Number 3755559146 01 01 152 01 M0000 E# 10 Last Statement: 03/31/2009 This Statement: 04/30/2009 Customer Service 1-800-342-7722
PFF BANCORP, INC
DEBTOR IN POSSESSION 08-13127 — KJC
OPERATING ACCOUNT	Page 1 of 2
1490 N CLAREMONT BLVD. SUITE 100
CLAREMONT CA 91711	Bankruptcy Case Number: 0813127KJC

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	04/01/2009-4/30/2009	Statement Beginning Balance	3,495,142.05
Number of Deposits/Credits	0	Amount of Deposits/Credits	.00
Number of Checks	10	Amount of Checks	59,655.95
Number of Other Debits	6	Amount of Other Debits	19,930.39
		Statement Ending Balance	3,415,555.71
Number of Enclosures	10
		Service Charge	26.30

Withdrawals and Debits

Checks

Check			Date		Bank		Check					Date		Bank
Number	Amount		Posted		Reference		Number			Amount		Posted		Reference
1036		6,556.50		04/03		8692510327		1044			7,560.00		04/15		4392617104
1040*		1,180.79		04/01		4692069762		1045			7,560.00		04/22		2182843414
1041		7,560.00		04/08		1082376148		1046			7,560.00		04/30		1082054848
1042		84.75		04/08		1082376147		10009	*		A9,735.46		04/06		8992416894
1043		1,519.20		04/17		6092114094		10010			B10,339.25		04/20		9792210944

Other Debits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
04/03			A6,425.11	ADP TX/FINCL SVC DES:ADP — TAX ID:E2Z8V 040313A01 INDN:PFF BANCORP INC CO ID:1223006057 CCD		920074390
04/08			A56.94	ADP PAYROLL FEES DES:ADP — FEES ID:13Z8V 4143865 INDN:PFF BANCORP INC CO ID:9659605001 CCD		970088573
04/16			B6,950.47	ADP TX/FINCL SVC DES:ADP — TAX ID:E2Z8V 041715A01 INDN:PFF BANCORP INC CO ID:1223006057 CCD		050073499
04/22			46.44	ADP PAYROLL FEES DES:ADP — FEES ID:13Z8V 4706978 INDN:PFF BANCORP INC CO ID: 9659605001 CCD		110017205
04/30			26.30	FDIC ASSESSMENT
04/30			6,425.13	ADP TX/FINCL SVC DES:ADP — TAX ID:E2Z8V 050117A01 INDN:PFF BANCORP INC CO ID: 1223006057 CCD		190102786

S	A = 16217.51
S	B = 17289.72

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
03/31		3,495,142.05		3,484,579.05		04/15		3,455,982.50		3,455,982.50
04/01		3,493,961.26		3,483,398.26		04/16		3,449,032.03		3,449,032.03
04/02		3,493,961.26		3,493,327.48		04/17		3,447,512.83		3,447,512.83
04/03		3,480,979.65		3,480,979.65		04/20		3,437,173.58		3,437,173.58
04/06		3,471,244.19		3,471,244.19		04/22		3,429,567.14		3,429,567.14
04/08		3,463,542.50		3,463,542.50		04/30		3,415,555.71		3,415,555.71

* The preceding check(s) is still outstanding or has been included in a previous statement.

PFF Bancorp, Inc.
Transaction Detail by Account
April 2009

Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
04/01/2009	General Journal		72			-SPLIT-		-16,217.51		-16,217.51
04/08/2009	General Journal		74			-SPLIT-		-7,560.00		-23,777.51
04/08/2009	General Journal		75			-SPLIT-		-84.75		-23,862.26
04/13/2009	General Journal		76			-SPLIT-		-1,519.20		-25,381.46
04/13/2009	General Journal		77			-SPLIT-		-7,560.00		-32,941.46
04/14/2009	General Journal		79			-SPLIT-		-17,336.16		-50,277.62
04/21/2009	General Journal		80			-SPLIT-		-7,560.00		-57,837.62
04/22/2009	General Journal		92			-SPLIT-		-46.44		-57,884.06
04/22/2009	General Journal		92R			-SPLIT-		46.44		-57,837.62
04/28/2009	General Journal		81			-SPLIT-		-7,560.00		-65,397.62
04/28/2009	General Journal		82			-SPLIT-		-16,207.02		-81,604.64
04/30/2009	General Journal		91			-SPLIT-		-26.30		-81,630.94
Total for B of A Checking							$	-81,630.94
Bank Charges
04/30/2009	General Journal		91			-SPLIT-		26.30		26.30
Total for Bank Charges							$	26.30
Contractor — Talbott
04/08/2009	General Journal		74			-SPLIT-		7,560.00		7,560.00
04/13/2009	General Journal		77			-SPLIT-		7,560.00		15,120.00
04/21/2009	General Journal		80			-SPLIT-		7,560.00		22,680.00
04/28/2009	General Journal		81			-SPLIT-		7,560.00		30,240.00
Total for Contractor — Talbott							$	30,240.00
Office Expenses
04/01/2009	General Journal		72			-SPLIT-		56.94		56.94
04/08/2009	General Journal		75			-SPLIT-		84.75		141.69
04/13/2009	General Journal		76			-SPLIT-		1,519.20		1,660.89
04/14/2009	General Journal		79			-SPLIT-		46.44		1,707.33
04/22/2009	General Journal		92			-SPLIT-		46.44		1,753.77
04/22/2009	General Journal		92R			-SPLIT-		-46.44		1,707.33
04/28/2009	General Journal		82			-SPLIT-		46.44		1,753.77
Total for Office Expenses							$	1,753.77
Payroll
04/01/2009	General Journal		72			-SPLIT-		16,160.57		16,160.57
04/14/2009	General Journal		79			-SPLIT-		18,289.72		33,450.29
04/28/2009	General Journal		82			-SPLIT-		16,160.58		49,610.87
Total for Payroll							$	49,610.87

Journal Entry	Entry #: 72
Date: 04/01/2009

Account	Debit		Credit
Payroll		16160.57
Office Expense		56.94
B of A Checking				16217.51
Totals		16217.51		16217.51

Memo: Payroll 3/15 — 3/28

Journal Entry	Entry #: 74
Date: 04/08/2009

Account	Debit		Credit
Contractor — Talbott		7560.00
B of A Checking				7560.00
Totals		7560.00		7560.00

Memo: 4/6/09 — 4/10/09

Journal Entry	Entry #: 75
Date: 04/08/2009

Account	Debit		Credit
Office Expenses		84.75
B of A Checking				84.75
Totals		84.75		84.75

Memo: Quickbooks — March

Journal Entry	Entry #: 76
Date: 04/13/2009

Account	Debit		Credit
Office Expenses		1519.20
B of A Checking				1519.20
Totals		1519.20		1519.20

Memo: EDGAR Fees

Journal Entry	Entry #: 77
Date: 04/13/2009

Account	Debit		Credit
Contractor — Talbott		7560.00
B of A Checking				7560.00
Totals		7560.00		7560.00

Memo: 4/13 — 4/17

Journal Entry	Entry #: 79
Date: 04/14/2009

Account	Debit		Credit
Payroll		17289.72
Office Expenses		46.44
B of A Checking				17336.16
Totals		17336.16		17336.16

Memo: Period 3/29 — 4/11/09, including COBRA

Journal Entry	Entry #: 80
Date: 04/21/2009

Account	Debit		Credit
Contractor — Talbott		7560.00
B of A Checking				7560.00
Totals		7560.00		7560.00

Memo: 4/20 — 4/24

Journal Entry	Entry #: 81
Date: 04/28/2009

Account	Debit		Credit
Contractor — Talbott		7560.00
B of A Checking				7560.00
Totals		7560.00		7560.00

Memo: 4/27 — 5/1

Journal Entry	Entry #: 82
Date: 04/28/2009

Account	Debit		Credit
Payroll		16160.58
Office Expenses		46.44
B of A Checking				16207.02
Totals		16207.02		16207.02

Memo: Payroll 4/12 — 4/25

Journal Entry	Entry #: 91
Date: 04/30/2009

Account	Debit		Credit
Bank Charges		26.30
B of A Checking				26.30
Totals		26.30		26.30

Memo: B of A — April

In re Debtor PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 4/1-4/30/09

STATEMENT OF OPERATIONS
(Income Statement)

The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.

		Cumulative Filing
	Month	to Date
	$ATTACHED	$ATTACHED
REVENUES
Gross Revenues
Less: Returns and Allowances
Net Revenue	$	$
COST OF GOODS SOLD
Beginning Inventory
Add: Purchases
Add: Cost of Labor
Add: Other Costs (attach schedule)
Less: Ending Inventory
Cost of Goods Sold
Gross Profit
OPERATING EXPENSES
Advertising
Auto and Truck Expense
Bad Debts
Contributions
Employee Benefits Programs
Insider Compensation*
Insurance
Management Fees/Bonuses
Office Expense
Pension & Profit-Sharing Plans
Repairs and Maintenance
Rent and Lease Expense
Salaries/Commissions/Fees
Supplies
Taxes — Payroll
Taxes — Real Estate
Taxes — Other
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation
Depreciation/Depletion/Amortization
Net Profit (Loss) Before Reorganization Items
OTHER INCOME AND EXPENSES
Other Income (attach schedule)
Interest Expense
Other Expense (attach schedule)
Net Profit (Loss) Before Reorganization Items
REORGANIZATION ITEMS
Professional Fees
U.S. Trustee Quarterly Fees
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)
Gain (Loss) from Sale of Equipment
Other Reorganization Expenses (attach schedule)
Total Reorganization Expenses
Income Taxes
Net Profit (Loss)	$	$

* “Insider” is defined in 11 U.S.C. Section 101(31).

PFF Bancorp, Inc.
Profit & Loss
April 2009

	Total
Income
Total Income
Expenses
Bank Charges		26.30
Contractor — Talbott		30,240.00
Office Expenses		1,753.77
Payroll		49,610.87
Total Expenses	$	81,630.94
Net Operating Income	$	-81,630.94
Net Income	$	-81,630.84

PFF Bancorp, Inc.
Profit & Loss
December 5, 2008 — April 30, 2009

	Total
Income
Workers Comp Experience Refund		10,563.00
Total Income	$	10,563.00
Expenses
Accrued Expenses		0.00
Bank Charges		229.08
Contractor — Talbott		158,760.00
Interest Expense		0.99
Kurtzman Carson		72,686.07
Legal & Professional Fees		198,465.25
Office Expenses		14,795.62
Payroll		176,256.06
Progressive Reimb		-202,416.95
Supplies		209.85
Taxes & Licenses		523.23
Travel		8,067.67
US Trustee		650.00
Total Expenses	$	428,226.87
Net Operating Income	$	-417,663.87
Other Income
Other Income		2,553.12
Total Other Income	$	2,553.12
Other Expenses
Miscellaneous		2,000.00
Total Other Expenses	$	2,000.00
Net Other Income	$	553.12
Net Income	$	-417,110.75

In re Debtor PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 4/1-4/30/09

BALANCE SHEET

The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.

	BOOK VALUE AT END OF	BOOK VALUE ON
	CURRENT REPORTING MONTH	PETITION DATE
	ATTACHED	ATTACHED
ASSETS
CURRENT ASSETS
Unrestricted Cash and Equivalents
Restricted Cash and Cash Equivalents (see continuation sheet)
Accounts Receivable (Net)
Notes Receivable
Inventories
Prepaid Expenses
Professional Retainers
Other Current Assets (attach schedule)
TOTAL CURRENT ASSETS	$	$
PROPERTY AND EQUIPMENT
Real Property and Improvements
Machinery and Equipment
Furniture, Fixtures and Office Equipment
Leasehold Improvements
Vehicles
Less Accumulated Depreciation
TOTAL PROPERTY & EQUIPMENT	$	$
OTHER ASSETS
Loans to Insiders*
Other Assets (attach schedule)
TOTAL OTHER ASSETS	$	$
TOTAL ASSETS	$	$

	BOOK VALUE AT END OF	BOOK VALUE ON
	CURRENT REPORTING MONTH	PETITION DATE
LIABILITIES AND OWNER EQUITY
LIABILITIES NOT SUBJECT TO COMPROMISE
Accounts Payable
Taxes Payable (refer to FORM MOR-4)
Wages Payable
Notes Payable
Rent/Leases — Building/Equipment
Secured Debt/Adequate Protection Payments
Professional Fees
Amounts Due to Insiders*
Other Postpetition Liabilities (attach schedule)
TOTAL POSTPETITION LIABILITIES	$	$
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
Secured Debt
Priority Debt
Unsecured Debt
TOTAL PRE-PETITION LIABILITIES
TOTAL LIABILITIES	$	$
OWNER EQUITY
Capital Stock
Additional Paid-In Capital
Partners’ Capital Account
Owner’s Equity Account
Retained Earnings — Pre-Petition
Retained Earnings — Postpetition
Adjustments to Owner Equity (attach schedule)
NET OWNER EQUITY	$	$
TOTAL LIABILITIES AND OWNERS EQUITY	$	$

* “Insider” is defined in 11 U.S.C. Section 101(31).

PFF Bancorp, Inc.
Balance Sheet
As of April 30, 2009

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		3,125,609.82
Checking		0.00
Citigroup Margin		700,000.00
M&I Bank Account		1,000,000.00
Paine Webber Business Svcs.		0.00
Trust Inv A/C		0.00
Total Bank Accounts	$	4,825,609.82
Total Current Assets	$	4,825,609.82
Other Assets
Accrued Interest		5,666.00
Accum Comp Gain/Loss 1		136,845.00
Accum Comp Gain/Loss 2		-3,531,160.00
Capital SERP PFF		-377,518.00
Capital Stock Investment		132,500,000.00
Common Stock Dist. Def. Comp		1,389,015.00
Common Stock Dist. SERP		641,438.00
Deferred Costs — JR SUB		91,654.00
Interest Receivable		82,351.00
Investment in PFF Real Estate Svcs.		55,000.00
Investment in Trust I		928,000.00
Investment in Trust II		774,000.00
Investment in Trust III		928,000.00
Investment with Subsidiaries		1,307,442.00
Net Income/Loss		259,760,693.00
Net Income/Loss — DBS		16,886,374.00
Net Income/Loss — GIA		730,807.00
Net Income/Loss — PFF RESI		-29,275.00
Net Income/Loss DBS correction		-33,772,748.00
PFF B&T Cash Dividend		-249,743,000.00
PFF FAS 115		1,228,035.00
Prepaid Expenses		129,704.78
Prepaid OTS Assessment		6,357.00
Progressive — Tail		183,899.00
Stock Options Granted		24,911,967.00
Travellers Tail		96,265.00
US Treasury Bonds — HTM		1,000,000.00
US Treasury Bonds — UNAM		953.00
US Treasury Bonds Mkt Value		13,329.00
Valuation Allowance		-1,500,413.00
Total Other Assets	$	154,833,680.78
TOTAL ASSETS	$	159,659,290.60

	Total
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
Accrued Expenses Payable		0.00
Total Other Current Liabilities	$	0.00
Total Current Liabilities	$	0.00
Long Term Liabilities
Accrued Tax Fees		6,311.00
Deferred FIT		-128,004.00
Deferred SIT		-1,378,007.00
FAS 115 FIT		4,132.00
FAS 115 SIT		1,466.00
Intercompany Payable		15.00
Interest Payable — JR SUB Debt		2,743,922.00
Interest Payable — M&I		-106,985.00
Interest Payable — Other Notes		-304,034.00
Interest Payable — Secured Borrowings		80,821.00
Interest Payable — Swap Fixed		452,506.00
Interest Payable — Swap Variable		-364,583.00
JR SUB Debt I		30,928,000.00
JR SUB Debt II		25,774,000.00
JR SUB Debt III		30,928,000.00
JR SUB Debt MTM		779,740.00
Notes Payable — DBS		-19,280,093.00
Notes Payable M&I		44,000,000.00
Other Accrued Liabilities		2,806,000.00
Secured Borrowings		486,849.00
Total Long Term Liabilities	$	117,430,056.00
Total Liabilities	$	117,430,056.00
Equity
APIC Equity Incentive Plan		5,565,899.00
APIC ESOP		28,709,074.00
APIC Preferred Stock		6,990,000.00
APIC Retained Earnings		-53,645,740.00
APIC SERP		-377,518.00
APIC Stock Options Granted		24,901,591.00
APIC Treasury		-113,220,689.00
APIC Valuation Def Tax		10,376.00
Common Stock		224,811.00
Common Stock Aquired		-86,371.00
Common Stock Dist Def Comp		1,389,015.00
Common Stock Dist SERP		641,438.00
Dividends		81,713,632.00
ISO Stock Options FAS 123R		326,562.00
NQ Stock Options FAS 123R		700,675.00
Opening Balance Equity		-163,427,263.00
Other Comprehensive Earnings		-2,152,951.00
Paid-In Capital or Surplus		224,451,453.00
Preferred Stock		10,000.00
Retained Earnings		-75,213.90
Net Income		-419,545.50
Total Equity	$	42,229,234.60
TOTAL LIABILITIES AND EQUITY	$	159,659,290.60

In re Debtor PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 4/1-4/30/09

STATUS OF POSTPETITION TAXES

The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.

Attach photocopies of any tax returns filed during the reporting period.

		Amount
	Beginning Tax	Withheld or			Check No.	Ending Tax
Federal	Liability	Accrued	Amount Paid	Date Paid	__T	Liability
Withholding	NONE					NONE
FICA-Employee
FICA-Employer
Unemployment
Income
Other:
Total Federal Taxes
State and Local
Withholding
Sales
Excise
Unemployment
Real Property
Personal Property
Other:
Total State and Local
Total Taxes

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

Number of Days Past Due

	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable						NONE
Wages Payable
Taxes Payable
Rent/Leases-Building
Rent/Leases-Equipment
Secured Debt/Adequate
Protection Payments
Professional Fees
Amounts Due to Insiders*
Other:
Other:
Total Postpetition Debts

Explain how and when the Debtor intends to pay any past-due postpetition debts.

* “Insider” is defined in 11 U.S.C. Section 101(31).

In re: PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: April 1 — April 30, 2009

Explanation

Listing of Aged Accounts Payable

The Debtor had no aged accounts payable during the reporting period.

In re Debtor PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 4/1-4/30/09

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Accounts Receivable Reconciliation
Total Accounts Receivable at the beginning of the reporting period	NONE
+ Amounts billed during the period
- Amounts collected during the period
Total Accounts Receivable at the end of the reporting period
Accounts Receivable Aging
0 – 30 days old
31 – 60 days old
61 – 90 days old
91+ days old
Total Accounts Receivable
Amount considered uncollectible (Bad Debt)
Accounts Receivable (Net)

DEBTOR QUESTIONNAIRE

Must be completed each month	Yes		No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.				X
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.				X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.		X
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.		X
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.				X

UNITED STATES BANKRUPTCY COURT
__________ DISTRICT OF DELAWARE

In re Diversified Builder Services	Case No. 08-13129
	Reporting Period: 4/1-4/30/09

MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month.

Submit copy of report to any official committee appointed in the case.

				Affidavit/
		Document	Explanation	Supplement
REQUIRED DOCUMENTS	Form No.	Attached	Attached	Attached
Schedule of Cash Receipts and Disbursements	MOR-1	YES
Bank Reconciliation (or copies of debtor’s bank reconciliations)	MOR-1a	YES
Schedule of Professional Fees Paid	MOR-1b	YES
Copies of bank statements		YES
Cash disbursements journals		YES
Statement of Operations	MOR-2	YES
Balance Sheet	MOR-3	YES
Status of Post-petition Taxes	MOR-4	YES
Copies of IRS Form 6123 or payment receipt		N/A
Copies of tax returns filed during reporting period		N/A
Summary of Unpaid Post-petition Debts	MOR-4	YES
Listing of aged accounts payable	MOR-4	YES
Accounts Receivable Reconciliation and Aging	MOR-5	YES
Debtor Questionnaire	MOR-5	YES

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

Signature of Debtor	Date
Signature of Joint Debtor	Date
/s/ Kevin McCarthy	5/11/09
Signature of Authorized Individual*	Date
Kevin McCarthy	CEO
Printed Name of Authorized Individual	Title of Authorized Individual

* Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

In re Debtor Diversified Builder Services	Case No. 08-13129
	Reporting Period: 4/1-4/30/09

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filled. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]

CUMULATIVE

BANK ACCOUNTS

CURRENT MONTH

FILING TO DATE

OPER.

PAYROLL

TAX

OTHER

ACTUAL

PROJECTED

ACTUAL

PROJECTED

CASH BEGINNING OF MONTH

1185462.27

1185462.27

1186035.00

RECEIPTS

CASH SALES

ACCOUNTS RECEIVABLE

LOANS AND ADVANCES

SALE OF ASSETS

OTHER (ATTACH LIST)

6230.38

1

6230.38

6230.38

TRANSFERS (FROM DIP ACCTS)

TOTAL RECEIPTS

6230.38

6230.38

6230.38

DISBURSEMENTS

NET PAYROLL

PAYROLL TAXES

SALES, USE & OTHER TAXES

INVENTORY PURCHASES

SECURED RENTAL/LEASES

INSURANCE

ADMINISTRATIVE

9.18

9.18

157.57

SELLING

OTHER (ATTACH LIST)

99.34

OWNER DRAW*

TRANSFERS (TO DIP ACCTS)

PROFESSIONAL FEES

U.S. TRUSTEE QUARTERLY FEES

325.00

COURT COSTS

TOTAL DISBURSEMENTS

9.18

9.18

581.91

NET CASH FLOW

(RECEIPTS LESS DISBURSEMENTS)

6221.20

6221.20

5648.47

CASH — END OF MONTH

1191683.47

1191683.47

1191683.47

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	9.18
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS	$
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)	$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	9.18

¹ Receipt of tax refund assigned to company by customer (Borrower) Richard Lafferty.

Account # 3755559188

Account Name DIVERSIFIED BUILDER SERVICES

Reconciliation As of Date 4/30/09

Balance per Bank	$	1,191,683.47
Deposits in Transit
Date
None
Outstanding Checks
Check #
None
Other (List)
Balance per Books	$	1,191,683.47

In re Debtor Diversified Builder Services	Case No. 08-13129
	Reporting Period: 4/1-4/30/09

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month.

				Check		Amount Paid		Year-To-Date
Payee	Period Covered	Amount Covered	Payor	Number	Date	Fees	Expenses	Fees	Expenses
			NONE

FORM MOR-1b
(04/07)

Bank of America LOGO	Account Number 3755559188
	01 01 152 01 M0000 E# 0
CUSTOMER CONNECTION	Last Statement: 03/31/2009
BANK OF AMERICA, N.A.	This Statement: 04/30/2009
DALLAS, TEXAS 75283-2406
	Customer Service 1-800-342-7722
DIVERSIFIED BUILDER SERVICES, INC.
DEBTOR IN POSSESSION 08-13129
OPERATING ACCOUNT
1490 N CLAREMONT BLVD.	Page 1 of 2
CLAREMONT CA 91711
	Bankruptcy Case Number: 0813129

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	04/01/2009 - 04/30/2009	Statement Beginning Balance	1,185,462.27
Number of Deposits/Credits	1	Amount of Deposits/Credits	6,230.38
Number of Checks	0	Amount of Checks	.00
Number of Other Debits	1	Amount of Other Debits	9.18
		Statement Ending Balance	1,191,683.47
Number of Enclosures	0
		Service Charge	9.18

Deposits and Credits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
04/06			6,230.38	CA BANKING CENTER DEPOSIT		23530646049376

Withdrawals and Debits

Other Debits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
04/30			9.18	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
03/31		1,185,462.27		1,185,462.27		04/10		1,191,692.65		1,191,692.65
04/06		1,191,692.65		1,185,462.27		04/30		1,191,683.47		1,191,683.47
04/09		1,191,692.65		1,191,318.83

Diversified Builder Services, Inc.
Transaction Detail by Account
April 2009

Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
04/08/2009	General Journal		6			-SPLIT-		6,230.38		6,230.38
04/30/2009	General Journal		10			-SPLIT-		-9.18		6,221.20
Total for B of A Checking							$	6,221.20
Accounts Receivable
04/08/2009	General Journal		8			-SPLIT-		220,948.85		220,948.85
Total for Accounts Receivable							$	220,948.85
Bank Charges
04/30/2009	General Journal		10			-SPLIT-		9.18		9.18
Total for Bank Charges							$	9.18
Other Income
04/08/2009	General Journal		6			-SPLIT-		6,230.38		6,230.38
04/08/2009	General Journal		8			-SPLIT-		220,948.85		227,179.23
Total for Other Income							$	227,179.23

Journal Entry Entry #: 6

Date: 04/08/2009

Account	Debit		Credit
B of A Checking		6230.38
Other Income				6230.38
Totals		6230.38		6230.38

Memo: Lafferty Tax Refund

Journal Entry Entry #: 10

Date: 04/30/2009

Account	Debit		Credit
Bank Charges		9.18
B of A Checking				9.18
Totals		9.18		9.18

Memo: April B of A

In re Debtor Diversified Builder Services	Case No. 08-13129
	Reporting Period: 4/1-4/30/09

STATEMENT OF OPERATIONS
(Income Statement)

The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.

		Cumulative Filing
	Month	to Date
	$ ATTACHED	$ ATTACHED
REVENUES
Gross Revenues
Less: Returns and Allowances
Net Revenue	$	$
COST OF GOODS SOLD
Beginning Inventory
Add: Purchases
Add: Cost of Labor
Add: Other Costs (attach schedule)
Less: Ending Inventory
Cost of Goods Sold
Gross Profit
OPERATING EXPENSES
Advertising
Auto and Truck Expense
Bad Debts
Contributions
Employee Benefits Programs
Insider Compensation*
Insurance
Management Fees/Bonuses
Office Expense
Pension & Profit-Sharing Plans
Repairs and Maintenance
Rent and Lease Expense
Salaries/Commissions/Fees
Supplies
Taxes — Payroll
Taxes — Real Estate
Taxes — Other
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation
Depreciation/Depletion/Amortization
Net Profit (Loss) Before Reorganization Items
OTHER INCOME AND EXPENSES
Other Income (attach schedule)
Interest Expense
Other Expense (attach schedule)
Net Profit (Loss) Before Reorganization Items
REORGANIZATION ITEMS
Professional Fees
U.S. Trustee Quarterly Fees
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)
Gain (Loss) from Sale of Equipment
Other Reorganization Expenses (attach schedule)
Total Reorganization Expenses
Income Taxes
Net Profit (Loss)	$	$

* “Insider” is defined in 11 U.S.C. Section 101(31).

Diversified Builder Services, Inc.
Profit & Loss
April 2009

	Total
Income
Total Income
Expenses
Bank Charges		9.18
Total Expenses	$	9.18
Net Operating Income	$	-9.18
Other Income
Other Income		227,179.23
Total Other Income	$	227,179.23
Net Other Income	$	227,179.23
Net Income	$	227,170.05

Diversified Builder Services, Inc.
Profit & Loss
December 5, 2008 — April 30, 2009

	Total
Income
Total Income
Expenses
Bank Charges		157.57
U S Trustee		325.00
Total Expenses	$	482.57
Net Operating Income	$	-482.57
Other Income
Other Income		227,079.89
Total Other Income	$	227,079.89
Net Other Income	$	227,079.89
Net Income	$	226,597.32

In re Debtor Diversified Builder Services	Case No. 08-13129
	Reporting Period: 4/1-4/30/09

BALANCE SHEET

The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.

	BOOK VALUE AT END OF	BOOK VALUE ON
	CURRENT REPORTING MONTH	PETITION DATE
	ATTACHED	ATTACHED
ASSETS
CURRENT ASSETS
Unrestricted Cash and Equivalents
Restricted Cash and Cash Equivalents (see continuation sheet)
Accounts Receivable (Net)
Notes Receivable
Inventories
Prepaid Expenses
Professional Retainers
Other Current Assets (attach schedule)
TOTAL CURRENT ASSETS	$	$
PROPERTY AND EQUIPMENT
Real Property and Improvements
Machinery and Equipment
Furniture, Fixtures and Office Equipment
Leasehold Improvements
Vehicles
Less Accumulated Depreciation
TOTAL PROPERTY & EQUIPMENT	$	$
OTHER ASSETS
Loans to Insiders*
Other Assets (attach schedule)
TOTAL OTHER ASSETS	$	$
TOTAL ASSETS	$	$

	BOOK VALUE AT END OF	BOOK VALUE ON
	CURRENT REPORTING MONTH	PETITION DATE
LIABILITIES AND OWNER EQUITY
LIABILITIES NOT SUBJECT TO COMPROMISE
Accounts Payable
Taxes Payable (refer to FORM MOR-4)
Wages Payable
Notes Payable
Rent/Leases — Building/Equipment
Secured Debt/Adequate Protection Payments
Professional Fees
Amounts Due to Insiders*
Other Postpetition Liabilities (attach schedule)
TOTAL POSTPETITION LIABILITIES	$	$
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
Secured Debt
Priority Debt
Unsecured Debt
TOTAL PRE-PETITION LIABILITIES
TOTAL LIABILITIES	$	$
OWNER EQUITY
Capital Stock
Additional Paid-In Capital
Partners’ Capital Account
Owner’s Equity Account
Retained Earnings — Pre-Petition
Retained Earnings — Postpetition
Adjustments to Owner Equity (attach schedule)
NET OWNER EQUITY	$	$
TOTAL LIABILITIES AND OWNERS EQUITY	$	$

* “Insider” is defined in 11 U.S.C. Section 101(31).

Diversified Builder Services, Inc.
Balance Sheet
As of April 30, 2009

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		1,191,683.47
PFF Checking		0.00
PFF Checking — 10102		0.00
Total Bank Accounts	$	1,191,683.47
Total Current Assets	$	1,191,683.47
Other Assets
100% Loan Loss — Comm Loans — MI		-300,000.00
Accounts Receivable		509,448.85
Commercial LOC — MI		7,800,000.00
Commercial LOC Contra Asset — CLS		-1,050.00
Def Income — Comm Non Accr		-217,552.00
Partial Charge-Offs Comm. Unsecured		-5,729,081.00
Property & Equipment		7,489.00
Val Allow — FIT Deferred Taxes		1,951,021.00
Val Allow — SIT Deferred Taxes		-6,886,601.00
Total Other Assets	$	-2,866,325.15
TOTAL ASSETS	$	-1,674,641.68
LIABILITIES AND EQUITY
Liabilities
Long Term Liabilities
Accrued Interest — Notes Payable		304,034.00
DBS Insurance Payable		160.00
Deferred Fed Income Taxes		1,951,021.00
Deferred Income		288,500.00
Deferred State Inc Taxes		-6,886,601.00
Intercompany Payable		6.00
Notes Payable		19,280,093.00
Total Long Term Liabilities	$	14,937,213.00
Total Liabilities	$	14,937,213.00
Equity
APIC		28,000,000.00
APIC — Retained Earnings		-44,838,453.00
Opening Balance Equity		1.00
Retained Earnings
Net Income		226,597.32
Total Equity	$	-16,611,854.68
TOTAL LIABILITIES AND EQUITY	$	-1,674,641.68

In re Debtor Diversified Builder Services	Case No. 08-13129
	Reporting Period: 4/1-4/30/09

STATUS OF POSTPETITION TAXES

The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.
Attach photocopies of any tax returns filed during the reporting period.

		Amount
	Beginning Tax	Withheld or			Check No.	Ending Tax
Federal	Liability	Accrued	Amount Paid	Date Paid	__T	Liability
Withholding	NONE					NONE
FICA-Employee
FICA-Employer
Unemployment
Income
Other:
Total Federal Taxes
State and Local
Withholding
Sales
Excise
Unemployment
Real Property
Personal Property
Other:
Total State and Local
Total Taxes

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

Number of Days Past Due

	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable						NONE
Wages Payable
Taxes Payable
Rent/Leases-Building
Rent/Leases-Equipment
Secured Debt/Adequate
Protection Payments
Professional Fees
Amounts Due to Insiders*
Other: _____
Other: _____
Total Postpetition Debts

Explain how and when the Debtor intends to pay any past-due postpetition debts.

* “Insider” is defined in 11 U.S.C. Section 101(31).

In re: Diversified Builder Services, Inc.	Case No. 08-13129
	Reporting Period: April 1 — April 30, 2009

Explanation

Listing of Aged Accounts Payable

The Debtor had no aged accounts payable during the reporting period.

In re Debtor Diversified Builder Services	08-13129
	4/1-4/30/09

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Accounts Receivable Reconciliation
Total Accounts Receivable at the beginning of the reporting period	$	7,800,000.00
+ Amounts billed during the period		—
- Amounts collected during the period		—
Total Accounts Receivable at the end of the reporting period	$	7,800,000.00
Accounts Receivable Aging
0 – 30 days old
31 – 60 days old
61 – 90 days old
91+ days old	$	7,800,000.00
Total Accounts Receivable	$	7,800,000.00
Amount considered uncollectible (Bad Debt)	$	5,729,081.00
Accounts Receivable (Net)	$	2,070,919.00

DEBTOR QUESTIONNAIRE

Must be completed each month	Yes		No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.				X
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.				X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.		X
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.		X
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.				X

UNITED STATES BANKRUPTCY COURT
__________ DISTRICT OF DELAWARE

In re Glencrest Insurance Services	Case No. 08-13131
	Reporting Period: 4/1-4/30/09

MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month.

Submit copy of report to any official committee appointed in the case.

				Affidavit/
		Document	Explanation	Supplement
REQUIRED DOCUMENTS	Form No.	Attached	Attached	Attached
Schedule of Cash Receipts and Disbursements	MOR-1	YES
Bank Reconciliation (or copies of debtor’s bank reconciliations)	MOR-1a	YES
Schedule of Professional Fees Paid	MOR-1b	YES
Copies of bank statements		YES
Cash disbursements journals		YES
Statement of Operations	MOR-2	YES
Balance Sheet	MOR-3	YES
Status of Post-petition Taxes	MOR-4	YES
Copies of IRS Form 6123 or payment receipt		N/A
Copies of tax returns filed during reporting period		N/A
Summary of Unpaid Post-petition Debts	MOR-4	YES
Listing of aged accounts payable	MOR-4	YES
Accounts Receivable Reconciliation and Aging	MOR-5	YES
Debtor Questionnaire	MOR-5	YES

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

Signature of Debtor	Date
Signature of Joint Debtor	Date
/s/ Kevin McCarthySignature of Authorized Individual*	5/11/09Date
Kevin McCarthyPrinted Name of Authorized Individual	CEOTitle of Authorized Individual

* Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

In re Debtor Glencrest Insurance Services	Case No. 08-13131
	Reporting Period: 4/1-4/30/09

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filled. The amounts reported in the “CURRENT MONTH — ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]

CUMULATIVE

BANK ACCOUNTS

CURRENT MONTH

FILING TO DATE

OPER.

PAYROLL

TAX

OTHER

ACTUAL

PROJECTED

ACTUAL

PROJECTED

CASH BEGINNING OF MONTH

62621.71

62621.71

44046.24

RECEIPTS

CASH SALES/COMMISSIONS

1711.13

1711.13

20438.73

ACCOUNTS RECEIVABLE

LOANS AND ADVANCES

SALE OF ASSETS

OTHER (ATTACH LIST)

307.22

TRANSFERS (FROM DIP ACCTS)

TOTAL RECEIPTS

1711.13

1711.13

20745.95

��

DISBURSEMENTS

NET PAYROLL

PAYROLL TAXES

SALES, USE & OTHER TAXES

INVENTORY PURCHASES

SECURED RENTAL/LEASES

INSURANCE

ADMINISTRATIVE

0.50

0.50

134.85

SELLING

OTHER (ATTACH LIST)

OWNER DRAW*

TRANSFERS (TO DIP ACCTS)

PROFESSIONAL FEES

U.S. TRUSTEE QUARTERLY FEES

325.00

COURT COSTS

TOTAL DISBURSEMENTS

0.50

0.50

459.85

NET CASH FLOW

(RECEIPTS LESS DISBURSEMENTS)

1710.63

1710.63

20261.10

CASH — END OF MONTH

64332.34

64332.34

64332.34

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	0.50
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS	$
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)	$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	0.50

Account # 3755558202

Account Name GLENCREST INSURANCE SERVICES

Reconciliation As of Date 4/30/09

Balance per Bank	$	64,332.34
Deposit in Transit
Date
Total
Outstanding Checks
Check #
Total
Other (List)
Balance per Books	$	64,332.34

In re Debtor Glencrest Insurance Services	Case No. 08-13131
	Reporting Period: 4/1-4/30/09

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month.

				Check		Amount Paid		Year-To-Date
Payee	Period Covered	Amount Covered	Payor	Number	Date	Fees	Expenses	Fees	Expenses
			NONE

FORM MOR-1b
(04/07)

Bank of America LOGO	Account Number 3755558202
	01 01 152 01 M0000 E# 0
CUSTOMER CONNECTION	Last Statement: 03/31/2009
BANK OF AMERICA, N.A.	This Statement: 04/30/2009
DALLAS, TEXAS 75283-2406
	Customer Service 1-800-342-7722
GLENCREST INSURANCE SERVICES, INC.
DEBTOR IN POSSESSION 08-13131
1490 N CLAREMONT BLVD, SUITE 100	Page 1 of 2
CLAREMONT CA 91711	Bankruptcy Case Number: 0813131

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	04/01/2009 – 04/30/2009	Statement Beginning Balance	62,621.71
Number of Deposits/Credits	3	Amount of Deposits/Credits	1,711.13
Number of Checks	0	Amount of Checks	.00
Number of Other Debits	1	Amount of Other Debits	.50
		Statement Ending Balance	64,332.34
Number of Enclosures	0
		Service Charge	.50

Deposits and Credits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
04/08			87.96	CA BANKING CENTER DEPOSIT		27860636079396
04/08			839.58	CA BANKING CENTER DEPOSIT		27860636079396
04/14			783.59	CA BANKING CENTER DEPOSIT		27860636049161

Withdrawals and Debits

Other Debits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
04/30			.50	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
03/31		62,621.71		62,513.10		04/14		64,332.84		63,549.25
04/02		62,621.71		62,615.20		04/17		64,332.84		64,285.83
04/03		62,621.71		62,621.71		04/20		64,332.84		64,332.84
04/08		63,549.25		62,621.71		04/30		64,332.34		64,332.34
04/13		63,549.25		63,493.62

Glencrest Insurance Services, Inc.
Transaction Detail by Account
April 2009

Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
04/08/2009	General Journal		29			-SPLIT-		87.96		87.96
04/08/2009	General Journal		30			-SPLIT-		839.50		927.46
04/08/2009	General Journal		36			-SPLIT-		0.08		927.54
04/14/2009	General Journal		32			-SPLIT-		783.59		1,711.13
04/30/2009	General Journal		35			-SPLIT-		-0.50		1,710.63
Total for B of A Checking							$	1,710.63
Fees Billed
04/08/2009	General Journal		29			-SPLIT-		87.96		87.96
04/08/2009	General Journal		30			-SPLIT-		839.50		927.46
04/08/2009	General Journal		36			-SPLIT-		0.08		927.54
04/14/2009	General Journal		32			-SPLIT-		783.59		1,711.13
Total for Fees Billed							$	1,711.13
Bank Charges
04/30/2009	General Journal		35			-SPLIT-		0.50		0.50
Total for Bank Charges							$	0.50

Journal Entry	Entry #: 29
Date: 04/08/2009

Account	Debit		Credit
B of A Checking		87.96
Fees Billed				87.96
Totals		87.96		87.96

Memo: Long Term Preferred Care

Journal Entry	Entry #: 30
Date: 04/08/2009

Account	Debit		Credit
B of A Checking		839.50
Fees Billed				839.50
Totals		839.50		839.50

Memo: Affinion $741.60 MN Life — $97.98

Journal Entry	Entry #: 32
Date: 04/14/2009

Account	Debit		Credit
B of A Checking		783.59
Fees Billed				783.59
Totals		783.59		783.59

Memo: Principal $712.09, CA Fair plan $71.50

Journal Entry	Entry #: 35
Date: 04/30/2009

Account	Debit		Credit
Bank Charges		0.50
B of A Checking				0.50
Totals		0.50		0.50

Memo: April B of A

Journal Entry	Entry #: 36
Date: 04/08/2009

Account	Debit		Credit
B of A Checking		0.08
Fees Billed				0.08
Totals		0.08		0.08

Memo: Correct JE 30

In re Debtor Glencrest Insurance Services	Case No. 08-13131
	Reporting Period: 4/1-4/30/09

STATEMENT OF OPERATIONS
(Income Statement)

The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.

		Cumulative Filing
	Month	to Date
	$ ATTACHED	$ ATTACHED
REVENUES
Gross Revenues
Less: Returns and Allowances
Net Revenue	$	$
COST OF GOODS SOLD
Beginning Inventory
Add: Purchases
Add: Cost of Labor
Add: Other Costs (attach schedule)
Less: Ending Inventory
Cost of Goods Sold
Gross Profit
OPERATING EXPENSES
Advertising
Auto and Truck Expense
Bad Debts
Contributions
Employee Benefits Programs
Insider Compensation*
Insurance
Management Fees/Bonuses
Office Expense
Pension & Profit-Sharing Plans
Repairs and Maintenance
Rent and Lease Expense
Salaries/Commissions/Fees
Supplies
Taxes — Payroll
Taxes — Real Estate
Taxes — Other
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation
Depreciation/Depletion/Amortization
Net Profit (Loss) Before Reorganization Items
OTHER INCOME AND EXPENSES
Other Income (attach schedule)
Interest Expense
Other Expense (attach schedule)
Net Profit (Loss) Before Reorganization Items
REORGANIZATION ITEMS
Professional Fees
U.S. Trustee Quarterly Fees
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)
Gain (Loss) from Sale of Equipment
Other Reorganization Expenses (attach schedule)
Total Reorganization Expenses
Income Taxes
Net Profit (Loss)	$	$

* “Insider” is defined in 11 U.S.C. Section 101(31).

Glencrest Insurance Services, Inc.
Profit & Loss
April 2009

	Total
Income
Fees Billed		1,711.13
Total Income	$	1,711.13
Expenses
Bank Charges		0.50
Total Expenses	$	0.50
Net Operating Income	$	1,710.63
Net Income	$	1,710.63

Glencrest Insurance Services, Inc.
Profit & Loss
December 5, 2008 — April 30, 2009

	Total
Income
Fees Billed		20,438.73
Total Income	$	20,438.73
Expenses
Bank Charges		134.85
US Trustee		325.00
Total Expenses	$	459.85
Net Operating Income	$	19,978.88
Other Income
Other Income		307.22
Total Other Income	$	307.22
Net Other Income	$	307.22
Net Income	$	20,286.10

In re Debtor Glencrest Insurance Services	Case No. 08-13131
	Reporting Period: 4/1-4/30/09

BALANCE SHEET

The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.

	BOOK VALUE AT END OF	BOOK VALUE ON
	CURRENT REPORTING MONTH	PETITION DATE
	ATTACHED	ATTACHED
ASSETS
CURRENT ASSETS
Unrestricted Cash and Equivalents
Restricted Cash and Cash Equivalents (see continuation sheet)
Accounts Receivable (Net)
Notes Receivable
Inventories
Prepaid Expenses
Professional Retainers
Other Current Assets (attach schedule)
TOTAL CURRENT ASSETS	$	$
PROPERTY AND EQUIPMENT
Real Property and Improvements
Machinery and Equipment
Furniture, Fixtures and Office Equipment
Leasehold Improvements
Vehicles
Less Accumulated Depreciation
TOTAL PROPERTY & EQUIPMENT	$	$
OTHER ASSETS
Loans to Insiders*
Other Assets (attach schedule)
TOTAL OTHER ASSETS	$	$
TOTAL ASSETS	$	$

	BOOK VALUE AT END OF	BOOK VALUE ON
	CURRENT REPORTING MONTH	PETITION DATE
LIABILITIES AND OWNER EQUITY
LIABILITIES NOT SUBJECT TO COMPROMISE
Accounts Payable
Taxes Payable (refer to FORM MOR-4)
Wages Payable
Notes Payable
Rent/Leases — Building/Equipment
Secured Debt/Adequate Protection Payments
Professional Fees
Amounts Due to Insiders*
Other Postpetition Liabilities (attach schedule)
TOTAL POSTPETITION LIABILITIES	$	$
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
Secured Debt
Priority Debt
Unsecured Debt
TOTAL PRE-PETITION LIABILITIES
TOTAL LIABILITIES	$	$
OWNER EQUITY
Capital Stock
Additional Paid-In Capital
Partners’ Capital Account
Owner’s Equity Account
Retained Earnings — Pre-Petition
Retained Earnings — Postpetition
Adjustments to Owner Equity (attach schedule)
NET OWNER EQUITY	$	$
TOTAL LIABILITIES AND OWNERS EQUITY	$	$

* “Insider” is defined in 11 U.S.C. Section 101(31).

Glencrest Insurance Services, Inc.
Balance Sheet
As of April 30, 2009

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		64,332.34
Operating Acct		0.00
PFF Checking		0.00
Total Bank Accounts	$	64,332.34
Total Current Assets	$	64,332.34
Other Assets
Prepaid Expenses and Other Assets		36,194.00
Property & Equipment		16,201.00
Total Other Assets	$	52,395.00
TOTAL ASSETS	$	116,727.34
LIABILITIES AND EQUITY
Liabilities
Long Term Liabilities
Deferred Tax		36,194.00
Fees Payable		-322.00
Total Long Term Liabilities	$	35,872.00
Total Liabilities	$	35,872.00
Equity
APIC — R/E Dividends Paid		-5,440,000.00
APIC — Retained Earnings		5,480,569.00
Common Stock		20,000.00
Opening Balance Equity		0.24
Retained Earnings
Net Income		20,286.10
Total Equity	$	80,855.34
TOTAL LIABILITIES AND EQUITY	$	116,727.34

In re Debtor Glencrest Insurance Services	Case No. 08-13131
	Reporting Period: 4/1-4/30/09

STATUS OF POSTPETITION TAXES

The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.

Attach photocopies of any tax returns filed during the reporting period.

		Amount
	Beginning Tax	Withheld or			Check No.	Ending Tax
Federal	Liability	Accrued	Amount Paid	Date Paid	__T	Liability
Withholding	NONE					NONE
FICA-Employee
FICA-Employer
Unemployment
Income
Other:
Total Federal Taxes
State and Local
Withholding
Sales
Excise
Unemployment
Real Property
Personal Property
Other:
Total State and Local
Total Taxes

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

Number of Days Past Due

	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable						NONE
Wages Payable
Taxes Payable
Rent/Leases-Building
Rent/Leases-Equipment
Secured Debt/Adequate
Protection Payments
Professional Fees
Amounts Due to Insiders*
Other:
Other:
Total Postpetition Debts

Explain how and when the Debtor intends to pay any past-due postpetition debts.

* “Insider” is defined in 11 U.S.C. Section 101(31).

In re: Glencrest Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: April 1 — April 30, 2009

Explanation

Listing of Aged Accounts Payable

The Debtor had no aged accounts payable during the reporting period.

In re Debtor Glencrest Insurance Services	Case No. 08-13131
	Reporting Period: 4/1-4/30/09

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Accounts Receivable Reconciliation
Total Accounts Receivable at the beginning of the reporting period	NONE
+ Amounts billed during the period
- Amounts collected during the period
Total Accounts Receivable at the end of the reporting period
Accounts Receivable Aging
0 – 30 days old
31 – 60 days old
61 – 90 days old
91+ days old
Total Accounts Receivable
Amount considered uncollectible (Bad Debt)
Accounts Receivable (Net)

DEBTOR QUESTIONNAIRE

Must be completed each month	Yes	No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.		X
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.		X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.	X
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.	X
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.		X

UNITED STATES BANKRUPTCY COURT
__________ DISTRICT OF DELAWARE

In re Glencrest Investment Advisors	Case No. 08-13128
	Reporting Period: 4/1-4/30/09

MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month.

Submit copy of report to any official committee appointed in the case.

				Affidavit/
		Document	Explanation	Supplement
REQUIRED DOCUMENTS	Form No.	Attached	Attached	Attached
Schedule of Cash Receipts and Disbursements	MOR-1	YES
Bank Reconciliation (or copies of debtor’s bank reconciliations)	MOR-1a	YES
Schedule of Professional Fees Paid	MOR-1b	YES
Copies of bank statements		YES
Cash disbursements journals		YES
Statement of Operations	MOR-2	YES
Balance Sheet	MOR-3	YES
Status of Post-petition Taxes	MOR-4	YES
Copies of IRS Form 6123 or payment receipt		N/A
Copies of tax returns filed during reporting period		N/A
Summary of Unpaid Post-petition Debts	MOR-4	YES
Listing of aged accounts payable	MOR-4	YES
Accounts Receivable Reconciliation and Aging	MOR-5	YES
Debtor Questionnaire	MOR-5	YES

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

Signature of Debtor	Date
Signature of Joint Debtor	Date
/s/ Kevin McCarthySignature of Authorized Individual*	5/15/09Date
Kevin McCarthyPrinted Name of Authorized Individual	CEOTitle of Authorized Individual

* Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

In re Debtor Glencrest Investment Advisors	Case No. 08-13128
	Reporting Period: 4/1-4/30/09

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filled. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]

											CUMULATIVE FILING
	BANK ACCOUNTS						CURRENT MONTH				TO DATE
	OPER.			PAYROLL	TAX	OTHER	ACTUAL			PROJECTED	ACTUAL		PROJECTED
CASH BEGINNING OF MONTH		136602.23						136602.23				31278.00
RECEIPTS
COMMISSIONS		5.00						5.00				396.01
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS		6452.00						6452.00				7107.00
OTHER (ATTACH LIST)		404.73	1					404.73				26145.93
TRANSFERS (FROM DIP ACCTS)												196027.42
TOTAL RECEIPTS		6861.73						6861.73				229676.36
DISBURSEMENTS
NET PAYROLL												27609.67
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES		20187.78						20187.78				80751.12
INSURANCE
ADMINISTRATIVE		4572.71						4572.71				29120.10
SELLING
OTHER (ATTACH LIST)
PREPAID RENT		5162.00						5162.00				5162.00
OWNER DRAW*
TRANSFERS (TO DIP ACCTS)												4445.00
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES												325.00
COURT COSTS
TOTAL DISBURSEMENTS		29922.49						29922.49				147412.89
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)		(23060.76	)					(23060.76	)			82263.47
CASH — END OF MONTH		113541.47						113541.47				113541.47

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	29922.49
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	29922.49

¹March 2009 Fees from California Financial Partners $ 404.73

Account # 3755559162

Account Name GLENCREST INVESTMENT ADVISORS

Reconciliation As of Date 4/30/09

Balance per Bank	$	118,703.47
Deposits in Transit
Date	Amount
Total
Outstanding Checks
Check #	Amount
1066		5,162.00
Total		(5,162.00	)
Other (List)
Balance per Books	$	113,541.47

In re Debtor Glencrest Investment Advisors	Case No. 08-13128
	Reporting Period: 4/1-4/30/09

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month.

				Check		Amount Paid		Year-To-Date
Payee	Period Covered	Amount Covered	Payor	Number	Date	Fees	Expenses	Fees	Expenses
			NONE

FORM MOR-1b
(04/07)

Bank of America LOGO	Account Number 3755559162
	01 01 152 01 M0000 E# 13
CUSTOMER CONNECTION	Last Statement: 03/31/2009
BANK OF AMERICA, N.A.	This Statement: 04/30/2009
DALLAS, TEXAS 75283-2406
	Customer Service 1-800-342-7722
GLENCREST INVESTMENT ADVISORS, INC.
DEBTOR IN POSSESSION 08-13128
OPERATING ACCOUNT	Page 1 of 2
1490 N CLAREMONT BLVD, SUITE 100
CLAREMONT CA 91711	Bankruptcy Case Number: 0813128

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	04/01/2009 — 04/30/2009	Statement Beginning Balance	138,699.35
Number of Deposits/Credits	3	Amount of Deposits/Credits	6,861.73
Number of Checks	13	Amount of Checks	26,856.70
Number of Other Debits	1	Amount of Other Debits	.91
		Statement Ending Balance	118,703.47
Number of Enclosures	13
		Service Charge	.91

Deposits and Credits

Date	Customer			Bank
Posted	Reference	Amount	Description	Reference
04/08		850.00	CA BANKING CENTER DEPOSIT		2786063607939
04/22		2,634.73	CA BANKING CENTER DEPOSIT		2353057600170
04/27		3,377.00	CA BANKING CENTER DEPOSIT		2786064604560

Withdrawals and Debits

Checks

Check			Date		Bank		Check					Date		Bank
Number	Amount		Posted		Reference		Number			Amount		Posted		Reference
1052		986.75		04/06		7692933833		1059			45.00		04/14		6992095719
1053		960.37		04/03		6392193789		1060			2,817.49		04/14		7892225230
1054		45.00		04/06		6592394373		1061			31.66		04/20		7892238026
1055		105.00		04/06		6692774352		1063	*		140.50		04/22		6992900065
1056		5,162.00		04/06		7712052618		1064			988.83		04/16		7592086633
1057		532.38		04/13		6492531917		1065			15.94		04/24		7892795859
1058		15,025.78		04/15		7292529083

Other Debits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
04/30			.91	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
03/31		138,699.35		136,864.25		04/15		113,869.58		113,869.58
04/02		138,699.35		138,589.25		04/16		112,880.75		112,880.75
04/03		137,738.98		137,738.98		04/20		112,849.09		112,849.09
04/06		131,440.23		131,440.23		04/22		115,343.32		112,708.59
04/08		132,290.23		131,440.23		04/23		115,343.32		114,800.09
04/09		132,290.23		132,239.23		04/24		115,327.38		114,917.65
04/10		132,290.23		132,290.23		04/27		118,704.38		115,302.80
04/13		131,757.85		131,757.85		04/28		118,704.38		115,327.38
04/14		128,895.36		128,895.36		04/30		118,703.47		118,500.85

Glencrest Investment Advisors, Inc.
Transaction Detail by Account
April 2009

Date	Type		Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
04/01/2009	General Journal			96			-SPLIT-		-5,162.00		-5,162.00
04/08/2009	General Journal			97			-SPLIT-		450.00		-4,712.00
04/08/2009	General Journal			99			-SPLIT-		-532.38		-5,244.38
04/08/2009	General Journal			102			-SPLIT-		-45.00		-5,289.38
04/08/2009	General Journal			103			-SPLIT-		-2,817.49		-8,106.87
04/08/2009	General Journal			100			-SPLIT-		-15,025.78		-23,132.65
04/08/2009	General Journal			98			-SPLIT-		400.00		-22,732.65
04/14/2009	General Journal			104			-SPLIT-		-988.83		-23,721.48
04/14/2009	General Journal			106			-SPLIT-		-31.66		-23,753.14
04/14/2009	General Journal			105			-SPLIT-		-140.50		-23,893.64
04/21/2009	General Journal			108			-SPLIT-		-15.94		-23,909.58
04/21/2009	General Journal			110			-SPLIT-		2,230.00		-21,679.58
04/21/2009	General Journal			109			-SPLIT-		404.73		-21,274.85
04/28/2009	General Journal			111			-SPLIT-		3,377.00		-17,897.85
04/28/2009	General Journal			112			-SPLIT-		-5,162.00		-23,059.85
04/30/2009	General Journal			124			-SPLIT-		-0.91		-23,060.76
Total for B of A Checking								$	-23,060.76
Prepaid Rent — Palm Desert
04/28/2009	General Journal			112			-SPLIT-		5,162.00		5,162.00
Total for Prepaid Rent — Palm Desert								$	5,162.00
CA Financial Ptnr Income
04/21/2009	General Journal			109			-SPLIT-		404.73		404.73
Total for CA Financial Ptnr Income								$	404.73
Fees Billed
04/21/2009	General Journal			110			-SPLIT-		5.00		5.00
Total for Fees Billed								$	5.00
Misc Asset Sales — Claremont
04/08/2009	General Journal			97			-SPLIT-		450.00		450.00
04/08/2009	General Journal			98			-SPLIT-		400.00		850.00
04/21/2009	General Journal	��		110			-SPLIT-		2,225.00		3,075.00
04/28/2009	General Journal			111			-SPLIT-		3,377.00		6,452.00
Total for Misc Asset Sales — Claremont								$	6,452.00
Bank Charges
04/30/2009	General Journal			124			-SPLIT-		0.91		0.91
Total for Bank Charges								$	0.91
I 365 Data Storage
04/08/2009	General Journal			103			-SPLIT-		2,817.49		2,817.49
04/14/2009	General Journal			106			-SPLIT-		31.36		2,849.15
Total for I 365 Data Storage								$	2,849.15
Office Expenses
04/08/2009	General Journal			102			-SPLIT-		45.00		45.00
04/21/2009	General Journal			108			-SPLIT-		15.94		60.94
Total for Office Expenses								$	60.94
Rent — Claremont
04/08/2009	General Journal			100			-SPLIT-		15,025.78		15,025.78
Total for Rent — Claremont								$	15,025.78

Journal Entry	Entry #: 96
Date: 04/01/2009

Account	Debit		Credit
Rent — Palm Desert		5162.00
B of A Checking				5162.00
Totals		5162.00		5162.00

Memo: April rent — One El Paseo

Journal Entry	Entry #: 97
Date: 04/08/2009

Account	Debit		Credit
B of A Checking		450.00
Misc Asset Sales — Claremont				450.00
Totals		450.00		450.00

Memo: Sale of Pictures

Journal Entry	Entry #: 99
Date: 04/08/2009

Account	Debit		Credit
Utilities — Phone and Data		532.38
B of A Checking				532.38
Totals		532.38		532.38

Memo: Verizon

Journal Entry	Entry #: 102
Date: 04/08/2009

Account	Debit		Credit
Office Expenses		45.00
B of A Checking				45.00
Totals		45.00		45.00

Memo: Cintas — March

Journal Entry	Entry #: 103
Date: 04/08/2009

Account	Debit		Credit
I 365 Data Storage		2817.49
B of A Checking				2817.49
Totals		2817.49		2817.49

Memo: March

Journal Entry	Entry #: 100
Date: 04/08/2009

Account	Debit		Credit
Rent — Claremont		15025.78
B of A Checking				15025.78
Totals		15025.78		15025.78

Memo: April Rent

Journal Entry	Entry #: 98
Date: 04/08/2009

Account	Debit		Credit
B of A Checking		400.00
Misc Asset Sales — Claremont				400.00
Totals		400.00		400.00

Memo: Binding Machine

Journal Entry	Entry #: 104
Date: 04/14/2009

Account	Debit		Credit
Utilities — SCE		988.83
B of A Checking				988.83
Totals		988.83		988.83

Memo: April Charges

Journal Entry	Entry #: 106
Date: 04/14/2009

Account	Debit		Credit
I 365 Data Storage		31.66
B of A Checking				31.66
Totals		31.66		31.66

Memo:

Journal Entry	Entry #: 105
Date: 04/14/2009

Account	Debit		Credit
Utilities — Gas Co		140.50
B of A Checking				140.50
Totals		140.50		140.50

Memo: 3/5 — 4/3

Journal Entry	Entry #: 108
Date: 04/21/2009

Account	Debit		Credit
Office Expenses		15.94
B of A Checking				15.94
Totals		15.94		15.94

Memo: Image IV copier charges

Journal Entry	Entry #: 110
Date: 04/21/2009

Account	Debit		Credit
B of A Checking		2230.00
Misc Asset Sales — Claremont				2225.00
Fees Billed				5.00
Totals		2230.00		2230.00

Memo:  Asset Sales — $625.00 (desks), $600.00 (pictures, flat screen), $1,000.00 (computers), 1st Merchantile — $5.00

Journal Entry	Entry #: 109
Date: 04/21/2009

Account	Debit		Credit
B of A Checking		404.73
CA Financial Ptnr Income				404.73
Totals		404.73		404.73

Memo: March 2009 Fees from sale of GIA accounts

Journal Entry	Entry #: 111
Date: 04/28/2009

Account	Debit		Credit
B of A Checking		3377.00
Misc Asset Sales — Claremont				3377.00
Totals		3377.00		3377.00

Memo: Gould — See Attached

Journal Entry	Entry #: 112
Date: 04/28/2009

Account	Debit		Credit
Prepaid Rent — Palm Desert		5162.00
B of A Checking				5162.00
Totals		5162.00		5162.00

Memo: May rent

Journal Entry	Entry #: 124
Date: 04/30/2009

Account	Debit		Credit
Bank Charges		0.91
B of A Checking				0.91
Totals		0.91		0.91

Memo: April B of A

In re Debtor Glencrest Investment Advisors	Case No. 08-13128
	Reporting Period: 4/1-4/30/09

STATEMENT OF OPERATIONS
(Income Statement)

The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.

		Cumulative Filing
	Month	to Date
	$ ATTACHED	$ ATTACHED
REVENUES
Gross Revenues
Less: Returns and Allowances
Net Revenue	$	$
COST OF GOODS SOLD
Beginning Inventory
Add: Purchases
Add: Cost of Labor
Add: Other Costs (attach schedule)
Less: Ending Inventory
Cost of Goods Sold
Gross Profit
OPERATING EXPENSES
Advertising
Auto and Truck Expense
Bad Debts
Contributions
Employee Benefits Programs
Insider Compensation*
Insurance
Management Fees/Bonuses
Office Expense
Pension & Profit-Sharing Plans
Repairs and Maintenance
Rent and Lease Expense
Salaries/Commissions/Fees
Supplies
Taxes — Payroll
Taxes — Real Estate
Taxes — Other
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation
Depreciation/Depletion/Amortization
Net Profit (Loss) Before Reorganization Items
OTHER INCOME AND EXPENSES
Other Income (attach schedule)
Interest Expense
Other Expense (attach schedule)
Net Profit (Loss) Before Reorganization Items
REORGANIZATION ITEMS
Professional Fees
U.S. Trustee Quarterly Fees
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)
Gain (Loss) from Sale of Equipment
Other Reorganization Expenses (attach schedule)
Total Reorganization Expenses
Income Taxes
Net Profit (Loss)	$	$

* “Insider” is defined in 11 U.S.C. Section 101(31).

Glencrest Investment Advisors, Inc.
Profit & Loss
April 2009

	Total
Income
CA Financial Ptnr Income		404.73
Fees Billed		5.00
Misc Asset Sales — Claremont		6,452.00
Total Income	$	6,861.73
Expenses
Bank Charges		0.91
I 365 Data Storage		2,849.15
Office Expenses		60.94
Rent — Claremont		15,025.78
Rent — Palm Desert		5,162.00
Utilities — Gas Co		140.50
Utilities — Phone and Data		532.38
Utilities — SCE		988.83
Total Expenses	$	24,760.49
Net Operating Income	$	-17,898.76
Net Income	$	-17,898.76

Glencrest Investment Advisors, Inc.
Profit & Loss
December 5, 2008 — April 30, 2009

	Total
Income
Ameritrade Close Out		22,111.54
CA Financial Ptnr Income		404.73
Fees Billed		9.80
Misc Asset Sales — Claremont		7,107.00
Rental Income Palm Desert		15,757.32
Sublease — PFF		6,279.10
Trailer Income		3,263.56
Total Income	$	54,933.05
Expenses
Bank Charges		183.70
Computek I.T.		650.00
I 365 Data Storage		7,674.22
Janitorial — Claremont		1,720.00
Janitorial — Palm Desert		560.00
Legal & Professional Fees		-7,097.45
Office Expenses		2,972.48
Other General and Admin Expenses		4,198.72
Payroll Expenses		27,603.90
Rent — Claremont		60,103.12
Rent — Palm Desert		20,648.00
Supplies		-233.34
US Trustee		325.00
Utilities		2,500.98
Utilities — Gas Co		1,119.52
Utilities — Phone and Data		9,601.84
Utilities — SCE		3,123.36
Utilities — Siemens		1,549.25
Utilities — Water		15.14
Total Expenses	$	137,218.44
Net Operating Income	$	-82,285.39
Other Income
Other Income		65,522.67
Total Other Income	$	65,522.67
Other Expenses
Miscellaneous		54.11
Total Other Expenses	$	54.11
Net Other Income	$	65,468.56
Net Income	$	-16,816.83

In re Debtor Glencrest Investment Advisors	Case No. 08-13128
	Reporting Period: 4/1-4/30/09

BALANCE SHEET

The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.

	BOOK VALUE AT END OF	BOOK VALUE ON
	CURRENT REPORTING MONTH	PETITION DATE
	ATTACHED	ATTACHED
ASSETS
CURRENT ASSETS
Unrestricted Cash and Equivalents
Restricted Cash and Cash Equivalents (see continuation sheet)
Accounts Receivable (Net)
Notes Receivable
Inventories
Prepaid Expenses
Professional Retainers
Other Current Assets (attach schedule)
TOTAL CURRENT ASSETS	$	$
PROPERTY AND EQUIPMENT
Real Property and Improvements
Machinery and Equipment
Furniture, Fixtures and Office Equipment
Leasehold Improvements
Vehicles
Less Accumulated Depreciation
TOTAL PROPERTY & EQUIPMENT	$	$
OTHER ASSETS
Loans to Insiders*
Other Assets (attach schedule)
TOTAL OTHER ASSETS	$	$
TOTAL ASSETS	$	$

	BOOK VALUE AT END OF	BOOK VALUE ON
	CURRENT REPORTING MONTH	PETITION DATE
LIABILITIES AND OWNER EQUITY
LIABILITIES NOT SUBJECT TO COMPROMISE
Accounts Payable
Taxes Payable (refer to FORM MOR-4)
Wages Payable
Notes Payable
Rent/Leases — Building/Equipment
Secured Debt/Adequate Protection Payments
Professional Fees
Amounts Due to Insiders*
Other Postpetition Liabilities (attach schedule)
TOTAL POSTPETITION LIABILITIES	$	$
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
Secured Debt
Priority Debt
Unsecured Debt
TOTAL PRE-PETITION LIABILITIES
TOTAL LIABILITIES	$	$
OWNER EQUITY
Capital Stock
Additional Paid-In Capital
Partners’ Capital Account
Owner’s Equity Account
Retained Earnings — Pre-Petition
Retained Earnings — Postpetition
Adjustments to Owner Equity (attach schedule)
NET OWNER EQUITY	$	$
TOTAL LIABILITIES AND OWNERS EQUITY	$	$

* “Insider” is defined in 11 U.S.C. Section 101(31).

Glencrest Investment Advisors, Inc.
Balance Sheet
As of April 30, 2009

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		113,541.47
PFF Checking		0.00
Total Bank Accounts	$	113,541.47
Total Current Assets	$	113,541.47
Other Assets
Advances to Trust		80,000.00
Lease Deposit		3,578.00
Net Income/Loss GIS		58,822.00
Prepaid — Other		17,984.00
Prepaid A/P		23,437.00
Prepaid Rent — Palm Desert		5,162.00
Prin Rec FHLMC SEC Fixed		61,914.00
Property & Equipment		492,486.00
Utility Deposit		4,445.00
Valuation Allowance		-43,570.00
Total Other Assets	$	704,258.00
TOTAL ASSETS	$	817,799.47
LIABILITIES AND EQUITY
Liabilities
Long Term Liabilities
125 Deductions		5,150.00
401K		469.00
Accrued Payroll		8,000.00
Accrued Vacation		34,313.00
Deferred Federal Inc Tax		93,597.00
Deferred State Franchise Tax		-137,167.00
Employer FICA Tax Payable		27.00
Fed Inc Tax W/H		178.00
Federal Employee FICA		27.00
Intercompany Payable		14,433.00
MISC Unapplied Funds		-224.00
Other Accrued Liability		40,000.00
State Tax W/H		34.00
Sublease Deposit		3,479.00
Total Long Term Liabilities	$	62,316.00
Total Liabilities	$	62,316.00
Equity
APIC		6,870,597.00
APIC — Retained Earnings		-6,206,986.00
Common Stock		3.00
Opening Balance Equity		-1.00
Retained Earnings		108,687.30
Net Income		-16,816.83
Total Equity	$	755,483.47
TOTAL LIABILITIES AND EQUITY	$	817,799.47

In re Debtor Glencrest Investment Advisors	Case No. 08-13128
	Reporting Period: 4/1-4/30/09

STATUS OF POSTPETITION TAXES

The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.

Attach photocopies of any tax returns filed during the reporting period.

		Amount
	Beginning Tax	Withheld or			Check No.	Ending Tax
Federal	Liability	Accrued	Amount Paid	Date Paid	__T	Liability
Withholding	NONE					NONE
FICA-Employee
FICA-Employer
Unemployment
Income
Other:
Total Federal Taxes
State and Local
Withholding
Sales
Excise
Unemployment
Real Property
Personal Property
Other:
Total State and Local
Total Taxes

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

Number of Days Past Due

	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable						NONE
Wages Payable
Taxes Payable
Rent/Leases-Building
Rent/Leases-Equipment
Secured Debt/Adequate
Protection Payments
Professional Fees
Amounts Due to Insiders*
Other: ______
Other: ______
Total Postpetition Debts

Explain how and when the Debtor intends to pay any past-due postpetition debts.

* “Insider” is defined in 11 U.S.C. Section 101(31).

In re: Glencrest Investment Advisors, Inc.	Case No. 08-13128
	Reporting Period: April 1 — April 30, 2009

Explanation

Listing of Aged Accounts Payable

The Debtor had no aged accounts payable during the reporting period.

In re Debtor Glencrest Investment Advisors	Case No. 08-13128
	Reporting Period: 4/1-4/30/09

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Accounts Receivable Reconciliation
Total Accounts Receivable at the beginning of the reporting period	Unable to Determine
+ Amounts billed during the period	NONE
- Amounts collected during the period
Total Accounts Receivable at the end of the reporting period
Accounts Receivable Aging
0 – 30 days old
31 – 60 days old
61 – 90 days old
91+ days old
Total Accounts Receivable
Amount considered uncollectible (Bad Debt)
Accounts Receivable (Net)

DEBTOR QUESTIONNAIRE

Must be completed each month	Yes		No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.		X1
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.				X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.		X
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.		X
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.				X

¹ Sales of Pictures and Equipment — $6,452.00

UNITED STATES BANKRUPTCY COURT
                    DISTRICT OF DELAWARE

In re PFF Real Estate Services	Case No. 08-13130
	Reporting Period: 4/1-4/30/09

MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month.

Submit copy of report to any official committee appointed in the case.

				Affidavit/
		Document	Explanation	Supplement
REQUIRED DOCUMENTS	Form No.	Attached	Attached	Attached
Schedule of Cash Receipts and Disbursements	MOR-1	YES
Bank Reconciliation (or copies of debtor’s bank reconciliations)	MOR-1a	YES
Schedule of Professional Fees Paid	MOR-1b	YES
Copies of bank statements		YES
Cash disbursements journals		YES
Statement of Operations	MOR-2	YES
Balance Sheet	MOR-3	YES
Status of Post-petition Taxes	MOR-4	YES
Copies of IRS Form 6123 or payment receipt		N/A
Copies of tax returns filed during reporting period		N/A
Summary of Unpaid Post-petition Debts	MOR-4	YES
Listing of aged accounts payable	MOR-4	YES
Accounts Receivable Reconciliation and Aging	MOR-5	YES
Debtor Questionnaire	MOR-5	YES

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

Signature of Debtor	Date
Signature of Joint Debtor	Date
/s/ Kevin McCarthy	5/11/09
Signature of Authorized Individual*	Date
Kevin McCarthy	CEO
Printed Name of Authorized Individual	Title of Authorized Individual

* Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

In re Debtor PFF Real Estate Services	Case No. 08-13130
	Reporting Period: 4/1-4/30/09

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filled. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]

CUMULATIVE

BANK ACCOUNTS

CURRENT MONTH

FILING TO DATE

OPER.

PAYROLL

TAX

OTHER

ACTUAL

PROJECTED

ACTUAL

PROJECTED

CASH BEGINNING OF MONTH

25318.46

25318.46

25725.04

RECEIPTS

CASH SALES

ACCOUNTS RECEIVABLE

LOANS AND ADVANCES

SALE OF ASSETS

OTHER (ATTACH LIST)

TRANSFERS (FROM DIP ACCTS)

TOTAL RECEIPTS

—

—

—

DISBURSEMENTS

NET PAYROLL

PAYROLL TAXES

SALES, USE & OTHER TAXES

INVENTORY PURCHASES

SECURED RENTAL/LEASES

INSURANCE

ADMINISTRATIVE

0.19

0.19

81.77

SELLING

OTHER (ATTACH LIST)

OWNER DRAW*

TRANSFERS (TO DIP ACCTS)

PROFESSIONAL FEES

U.S. TRUSTEE QUARTERLY FEES

325.00

COURT COSTS

TOTAL DISBURSEMENTS

0.19

0.19

406.77

NET CASH FLOW

(RECEIPTS LESS DISBURSEMENTS)

(0.19

)

(0.19

)

(406.77

)

CASH — END OF MONTH

25318.27

25318.27

25318.27

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	0.19
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS	$
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)	$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	0.19

Account # 3755558192

Account Name PFF REAL ESTATE SERVICES

Reconciliation As of Date 4/30/09

Balance per Bank	$	25,318.27
Deposits in Transit
Date
Outstanding Checks
Other (List)
Balance per Books	$	25,318.27

In re Debtor PFF Real Estate Services	Case No. 08-13130
	Reporting Period: 4/1-4/30/09

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month.

					Check		Amount Paid		Year-To-Date
Payee	Period Covered		Amount Covered	Payor	Number	Date	Fees	Expenses	Fees	Expenses
		��
				NONE

FORM MOR-1b
(04/07)

Bank of America LOGO CUSTOMER CONNECTION BANK OF AMERICA, N.A. DALLAS, TEXAS 75283-2406	Account Number 3755558192 01 01 152 01 M0000 E# 0 Last Statement: 03/31/2009 This Statement: 04/30/2009 Customer Service 1-800-342-7722
PFF REAL ESTATE SERVICES, INC.
DEBTOR IN POSSESSION 08-13130
1490 N CLAREMONT BLVD, SUITE 100	Page 1 of 2
CLAREMONT CA 91711
	Bankruptcy Case Number: 0813130

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	04/01/2009 — 04/30/2009	Statement Beginning Balance	25,318.46
Number of Deposits/Credits	0	Amount of Deposits/Credits	.00
Number of Checks	0	Amount of Checks	.00
Number of Other Debits	1	Amount of Other Debits	.19
		Statement Ending Balance	25,318.27
Number of Enclosures	0
		Service Charge	.19

Withdrawals and Debits

Other Debits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
04/30			.19	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
03/31		25,318.46		25,318.46		04/30		25,318.27		25,318.27

PFF Real Estate Services, Inc.
Transaction Detail by Account
April 2009

Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
04/30/2009	General Journal		12			-SPLIT-		-0.19		-0.19
Total for B of A Checking							$	-0.19
Bank Charges
04/30/2009	General Journal		12			-SPLIT-		0.19		0.19
Total for Bank Charges							$	0.19

Journal Entry	Entry #: 12
Date: 04/30/2009

Account	Debit		Credit
Bank Charges		0.19
B of A Checking				0.19
Totals		0.19		0.19

Memo: April B of A

In re Debtor PFF Real Estate Services	Case No. 08-13130
	Reporting Period: 4/1-4/30/09

STATEMENT OF OPERATIONS
(Income Statement)

The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.

		Cumulative Filing
	Month	to Date
	$ATTACHEDà	$ATTACHEDà
REVENUES
Gross Revenues
Less: Returns and Allowances
Net Revenue	$	$
COST OF GOODS SOLD
Beginning Inventory
Add: Purchases
Add: Cost of Labor
Add: Other Costs (attach schedule)
Less: Ending Inventory
Cost of Goods Sold
Gross Profit
OPERATING EXPENSES
Advertising
Auto and Truck Expense
Bad Debts
Contributions
Employee Benefits Programs
Insider Compensation*
Insurance
Management Fees/Bonuses
Office Expense
Pension & Profit-Sharing Plans
Repairs and Maintenance
Rent and Lease Expense
Salaries/Commissions/Fees
Supplies
Taxes — Payroll
Taxes — Real Estate
Taxes — Other
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation
Depreciation/Depletion/Amortization
Net Profit (Loss) Before Reorganization Items
OTHER INCOME AND EXPENSES
Other Income (attach schedule)
Interest Expense
Other Expense (attach schedule)
Net Profit (Loss) Before Reorganization Items
REORGANIZATION ITEMS
Professional Fees
U.S. Trustee Quarterly Fees
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)
Gain (Loss) from Sale of Equipment
Other Reorganization Expenses (attach schedule)
Total Reorganization Expenses
Income Taxes
Net Profit (Loss)	$	$

* “Insider” is defined in 11 U.S.C. Section 101(31).

PFF Real Estate Services, Inc.
Profit & Loss
April 2009

	Total
Income
Total Income
Expenses
Bank Charges		0.19
Total Expenses	$	0.19
Net Operating Income	$	-0.19
Net Income	$	-0.19

PFF Real Estate Services, Inc.
Profit & Loss
December 5, 2008 — April 30, 2009

	Total
Income
Total Income
Expenses
Bank Charges		81.77
U S Trustee		325.00
Total Expenses	$	406.77
Net Operating Income	$	-406.77
Other Income
Other Income		0.04
Total Other Income	$	0.04
Net Other Income	$	0.04
Net Income	$	-406.73

In re Debtor PFF Real Estate Services	Case No. 08-13130
	Reporting Period: 4/1-4/30/09

BALANCE SHEET

The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.

	BOOK VALUE AT END OF	BOOK VALUE ON
	CURRENT REPORTING MONTH	PETITION DATE
	ATTACHED	ATTACHED
ASSETS
CURRENT ASSETS
Unrestricted Cash and Equivalents
Restricted Cash and Cash Equivalents (see continuation sheet)
Accounts Receivable (Net)
Notes Receivable
Inventories
Prepaid Expenses
Professional Retainers
Other Current Assets (attach schedule)
TOTAL CURRENT ASSETS	$	$
PROPERTY AND EQUIPMENT
Real Property and Improvements
Machinery and Equipment
Furniture, Fixtures and Office Equipment
Leasehold Improvements
Vehicles
Less Accumulated Depreciation
TOTAL PROPERTY & EQUIPMENT	$	$
OTHER ASSETS
Loans to Insiders*
Other Assets (attach schedule)
TOTAL OTHER ASSETS	$	$
TOTAL ASSETS	$	$

	BOOK VALUE AT END OF	BOOK VALUE ON
	CURRENT REPORTING MONTH	PETITION DATE
LIABILITIES AND OWNER EQUITY
LIABILITIES NOT SUBJECT TO COMPROMISE
Accounts Payable
Taxes Payable (refer to FORM MOR-4)
Wages Payable
Notes Payable
Rent/Leases — Building/Equipment
Secured Debt/Adequate Protection Payments
Professional Fees
Amounts Due to Insiders*
Other Postpetition Liabilities (attach schedule)
TOTAL POSTPETITION LIABILITIES	$	$
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
Secured Debt
Priority Debt
Unsecured Debt
TOTAL PRE-PETITION LIABILITIES
TOTAL LIABILITIES	$	$
OWNER EQUITY
Capital Stock
Additional Paid-In Capital
Partners’ Capital Account
Owner’s Equity Account
Retained Earnings — Pre-Petition
Retained Earnings — Postpetition
Adjustments to Owner Equity (attach schedule)
NET OWNER EQUITY	$	$
TOTAL LIABILITIES AND OWNERS EQUITY	$	$

* “Insider” is defined in 11 U.S.C. Section 101(31).

PFF Real Estate Services, Inc.
Balance Sheet
As of April 30, 2009

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		25,318.27
PFF Checking		0.00
Total Bank Accounts	$	25,318.27
Total Current Assets	$	25,318.27
TOTAL ASSETS	$	25,318.27
LIABILITIES AND EQUITY
Liabilities
Total Liabilities
Equity
APIC — Retained Earnings		-29,275.00
Common Stock		55,000.00
Opening Balance Equity		0.00
Retained Earnings
Net Income		-406.73
Total Equity	$	25,318.27
TOTAL LIABILITIES AND EQUITY	$	25,318.27

In re Debtor PFF Real Estate Services	Case No. 08-13130
	Reporting Period: 4/1-4/30/09

STATUS OF POSTPETITION TAXES

The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.

Attach photocopies of any tax returns filed during the reporting period.

		Amount
	Beginning Tax	Withheld or			Check No.	Ending Tax
Federal	Liability	Accrued	Amount Paid	Date Paid	__T	Liability
Withholding	NONE					NONE
FICA-Employee
FICA-Employer
Unemployment
Income
Other:
Total Federal Taxes
State and Local
Withholding
Sales
Excise
Unemployment
Real Property
Personal Property
Other:
Total State and Local
Total Taxes

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

Number of Days Past Due

	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable						NONE
Wages Payable
Taxes Payable
Rent/Leases-Building
Rent/Leases-Equipment
Secured Debt/Adequate
Protection Payments
Professional Fees
Amounts Due to Insiders*
Other:
Other:
Total Postpetition Debts

Explain how and when the Debtor intends to pay any past-due postpetition debts.

* “Insider” is defined in 11 U.S.C. Section 101(31).

In re: PFF Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: April 1 — April 30, 2009

Explanation

Listing of Aged Accounts Payable

The Debtor had no aged accounts payable during the reporting period.

In re Debtor PFF Real Estate Services	08-13130
	4/1-4/30/09

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Accounts Receivable Reconciliation
Total Accounts Receivable at the beginning of the reporting period	NONE
+ Amounts billed during the period
- Amounts collected during the period
Total Accounts Receivable at the end of the reporting period
Accounts Receivable Aging
0 – 30 days old
31 – 60 days old
61 – 90 days old
91+ days old
Total Accounts Receivable
Amount considered uncollectible (Bad Debt)
Accounts Receivable (Net)

DEBTOR QUESTIONNAIRE

Must be completed each month	Yes		No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.				X
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.				X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.		X
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.		X
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.				X