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: 5/1-5/31/09

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*	6/9/09Date
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 PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 5/1-5/31/09

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		3125609.82						3125609.82				3637884.57
RECEIPTS
CASH SALES
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS
OTHER (ATTACH LIST)		10000.00	1					10000.00				225515.06
TRANSFERS (FROM DIP ACCTS)
TOTAL RECEIPTS		10000.00						10000.00				225515.06
DISBURSEMENTS
NET PAYROLL/PAYROLL TAXES		33450.30						33450.30				209845.68
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES
INSURANCE												280164.00
ADMINISTRATIVE		37600.31						37600.31				308180.74
SELLING
OTHER (ATTACH LIST)
OWNER DRAW*
TRANSFERS (TO DIP ACCTS)
PROFESSIONAL FEES		248780.97						248780.97				248780.97
U.S. TRUSTEE QUARTERLY FEES		4874.01						4874.01				5524.01
COURT COSTS
TOTAL DISBURSEMENTS		324705.59						324705.59				1052495.40
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)		(314705.59	)					(314705.59	)			(826980.34	)
CASH — END OF MONTH		2810904.23						2810904.23				2810904.23

* 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	$	324705.59
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	$	324705.59

¹ Refund of FTI Consulting Retainer $10,000.00

Account # ******9146

Account Name PFF BANCORP, INC.

Reconciliation As of Date 5/31/09

Balance per Bank $ 3,111,635.29

Deposits in Transit
Date	Amount
Total

Outstanding Checks
Check #		Amount
1027		183,899.00
1028		96,265.00
1056		5,799.64
1057		700.00
1058		100.00
1061		4,225.00
ADP Payroll		9,695.98
Total		(300,684.62	)
Other (List)
ADP Service Charge — on books not on bank		(46.44	)
Balance per Books	$	2,810,904.23

In re Debtor PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 5/1-5/31/09

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
Paul, Hastings,					PFF Bancorp
Janofsky & Walker LLP		12/5 — 12/31/08	$	154480.92			1052		5/7/09		121540.00		2482.52		121540.00		2482.52
		1/1 — 1/31/09	$	155142.85			1054		5/15/09		121537.60		3220.85		243077.60		5703.37

FORM MOR-1b
(04/07)

Bank of America LOGO

	Account Number ******9146
CUSTOMER CONNECTION	01 01 152 01 M0000 E# 13
BANK OF AMERICA, N.A.	Last Statement: 04/30/2009
DALLAS, TEXAS 75283-2406	This Statement: 05/29/2009
	Customer Service 1-800-342-7722
PFF BANCORP, INC
DEBTOR IN POSSESSION 08-13127 — KJC
OPERATING ACCOUNT	Page 1 of 3
1490 N CLAREMONT BLVD. SUITE 100
CLAREMONT CA 91711	Bankruptcy Case Number: 0813127KJC

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	05/01/2009-05/ 29/2009	Statement Beginning Balance	3,415,555.71
Number of Deposits/Credits	1	Amount of Deposits/Credits	10,000.00
Number of Checks	13	Amount of Checks	300,305.26
Number of Other Debits	6	Amount of Other Debits	13,615.16
		Statement Ending Balance	3,111,635.29
Number of Enclosures	13
		Service Charge	64.96

Deposits and Credits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
05/19			10,000.00	CA BANKING CENTER DEPOSIT		278605260687251

Withdrawals and Debits

Checks

Check			Date		Bank		Check					Date		Bank
Number	Amount		Posted		Reference		Number			Amount		Posted		Reference
1047		153.64		05/20		8792676671		1054			124,758.45		05/21		9092261141
1048		7,560.00		05/06		1282685615		1055			7,560.00		05/19		1282316284
1049		29.14		05/06		1282685614		1059	*		7,560.00		05/26		1282102603
1050		174.75		05/06		1282685616		1060			245.30		05/26		1282102604
1051		649.01		05/12		6292349957		10011	*		9,735.45		05/01		8592188229
1052		124,022.52		05/12		9092218982		10012			10,297.00		05/20		8792630087
1053		7,560.00		05/12		8892726816

Other Debits

Date	Customer				Bank
Posted	Reference	Amount	Description		Reference
05/06		46.44	ADP PAYROLL FEES DES:ADP — FEES ID:13Z8V 5233454			25008259362
			INDN:PFF BANCORP INC	CO ID: 9659605001 CCD
05/13		41.00	CHECK ORDER FEE			09820000301
05/14		6,992.72	ADP TX/FINCL SVC DES:ADP — TAX ID:E2Z8V 051519A01			33006213415
			INDN:PFF BANCORP INC	CO ID:1223006057 CCD
05/20		46.44	ADP PAYROLL FEES DES:ADP — FEES ID:13Z8V 5673909			39002158308
			INDN:PFF BANCORP INC	CO ID: 9659605001 CCD
05/28		6,464.60	ADP TX/FINCL SVC DES ADP — TAX ID E2Z8V 052921A01			47008237008
			INDN:PFF BANCORP INC	CO ID: 1223006057 CCD
05/29		23.96	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
04/30		3,415,555.71		3,415,555.71		05/06		3,398,009.93		3,398,009.93
05/01		3,405,820.26		3,405,820.26		05/12		3,265,778.40		3,265,778.40

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

CUSTOMER CONNECTION	Account Number ******9146
BANK OF AMERICA, N.A.	01 01 152 01 M0000 E# 13
DALLAS, TEXAS 75283-2406	Last Statement: 04/30/2009
	This Statement: 05/29/2009
	Customer Service 1-800-342-7722
PFF BANCORP, INC
	Page 2 of 3
	Bankruptcy Case Number: 0813127KJC

CUSTOMER CONNECTION ECONOMY CHECKING

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
05/13		3,265,737.40		3,265,737.40		05/22		3,125,929.15		3,125,329.15
05/14		3,258,744.68		3,258,744.68		05/26		3,118,123.85		3,118,123.85
05/19		3,261,184.68		3,251,184.68		05/28		3,111,659.25		3,111,659.25
05/20		3,250,687.60		3,240,687.60		05/29		3,111,635.29		3,111,635.29
05/21		3,125,929.15		3,115,929.15

PFF Bancorp, Inc.
Transaction Detail by Account
May 2009

Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
05/03/2009	General Journal		83			-SPLIT-		-153.64		-153.64
05/04/2009	General Journal		84			-SPLIT-		-7,560.00		-7,713.64
05/04/2009	General Journal		86			-SPLIT-		-174.75		-7,888.39
05/04/2009	General Journal		85			-SPLIT-		-29.14		-7,917.53
05/05/2009	General Journal		87			-SPLIT-		-649.01		-8,566.54
05/06/2009	General Journal		88			-SPLIT-		-124,022.52		-132,589.06
05/11/2009	General Journal		89			-SPLIT-		-7,560.00		-140,149.06
05/11/2009	General Journal		90			-SPLIT-		-17,336.16		-157,485.22
05/13/2009	General Journal		106			-SPLIT-		-41.00		-157,526.22
05/13/2009	General Journal		106R			-SPLIT-		41.00		-157,485.22
05/15/2009	General Journal		93			-SPLIT-		-124,758.45		-282,243.67
05/18/2009	General Journal		94			-SPLIT-		-7,560.00		-289,803.67
05/19/2009	General Journal		95			-SPLIT-		-5,799.64		-295,603.31
05/19/2009	General Journal		96			-SPLIT-		10,000.00		-285,603.31
05/25/2009	General Journal		97			-SPLIT-		-700.00		-286,303.31
05/25/2009	General Journal		98			-SPLIT-		-100.00		-286,403.31
05/26/2009	General Journal		99			-SPLIT-		-7,560.00		-293,963.31
05/26/2009	General Journal		100			-SPLIT-		-245.30		-294,208.61
05/26/2009	General Journal		101			-SPLIT-		-4,225.00		-298,433.61
05/26/2009	General Journal		102			-SPLIT-		-16,207.02		-314,640.63
05/29/2009	General Journal		105			-SPLIT-		-64.96		-314,705.59
Total for B of A Checking							$	-314,705.59
Refunds-Allowances
05/19/2009	General Journal		96			-SPLIT-		10,000.00		10,000.00
Total for Refunds-Allowances							$	10,000.00
Bank Charges
05/13/2009	General Journal		106			-SPLIT-		41.00		41.00
05/13/2009	General Journal		106R			-SPLIT-		-41.00		0.00
05/29/2009	General Journal		105			-SPLIT-		64.96		64.96
Total for Bank Charges							$	64.96
Contractor-Talbott
05/04/2009	General Journal		84			-SPLIT-		7,560.00		7,560.00
05/11/2009	General Journal		89			-SPLIT-		7,560.00		15,120.00
05/18/2009	General Journal		94			-SPLIT-		7,560.00		22,680.00
05/26/2009	General Journal		99			-SPLIT-		7,560.00		30,240.00
Total for Contractor-Talbott							$	30,240.00
Kurtzman Carson
05/19/2009	General Journal		95			-SPLIT-		5,799.64		5,799.64
Total for Kurtzman Carson							$	5,799.64
Office Expenses
05/04/2009	General Journal		86			-SPLIT-		174.75		174.75
05/11/2009	General Journal		90			-SPLIT-		46.44		221.19
05/26/2009	General Journal		100			-SPLIT-		245.30		466.49
05/26/2009	General Journal		102			-SPLIT-		46.44		512.93
Total for Office Expesnes							$	512.93
Payroll
05/11/2009	General Journal		90			-SPLIT-		17,289.72		17,289.72

Journal Entry	Entry #: 83
Date: 05/03/2009

Account	Debit		Credit
Postage		153.64
B of A Checking				153.64
Totals		153.64		153.64

Memo: UPS and Fed-Ex

Journal Entry	Entry #: 84
Date: 05/04/2009

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

Memo: 5/4 — 5/8

Journal Entry	Entry #: 86
Date: 05/04/2009

Account	Debit		Credit
Office Expenses		174.75
B of A Checking				174.75
Totals		174.75		174.75

Memo: Quickbooks Monthly Fees

Journal Entry	Entry #: 85
Date: 05/04/2009

Account	Debit		Credit
Postage		29.14
B of A Checking				29.14
Totals		29.14		29.14

Memo: Fed-Ex and copy charges

Journal Entry	Entry #: 87
Date: 05/05/2009

Account	Debit		Credit
US Trustee		649.01
B of A Checking				649.01
Totals		649.01		649.01

Memo: Q1 Fee

Journal Entry	Entry #: 88
Date: 05/06/2009

Account	Debit		Credit
PHJW Fees		121540.00
PHJW Expenses		2482.52
B of A Checking				124022.52
Totals		124022.52		124022.52

Memo: 12/5 — 12/31/08

Journal Entry	Entry #: 89
Date: 05/11/2009

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

Memo: 5/11 — 5/15

Journal Entry	Entry #: 90
Date: 05/11/2009

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

Memo: 5/15 Payroll

Journal Entry	Entry #: 93
Date: 05/15/2009

Account	Debit		Credit
PHJW Fees		121537.60
PHJW Expenses		3220.85
B of A Checking				124758.45
Totals		124758.45		124758.45

Memo: PHJW 1/1/09 — 1/31/09 @ 80% for Fees, 100% for Expenses

Journal Entry	Entry #: 94
Date: 05/18/2009

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

Memo: 5/18 — 5/22

Journal Entry	Entry #: 95
Date: 05/19/2009

Account	Debit		Credit
Kurtzman Carson		5799.64
B of A Checking				5799.64
Totals		5799.64		5799.64

Memo: March Invoice

Journal Entry	Entry #: 96
Date: 05/19/2009

Account	Debit		Credit
B of A Checking		10000.00
Refunds — Allowances				10000.00
Totals		10000.00		10000.00

Memo: FTI retainer refund

Journal Entry	Entry #: 97
Date: 05/25/2009

Account	Debit		Credit
Taxes & Licenses		700.00
B of A Checking				700.00
Totals		700.00		700.00

Memo: PCAOB Accounting Support Fee

Journal Entry	Entry #: 98
Date: 05/25/2009

Account	Debit		Credit
Taxes & Licenses		100.00
B of A Checking				100.00
Totals		100.00		100.00

Memo: PCAOB FASB Fee

Journal Entry	Entry #: 99
Date: 05/26/2009

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

Memo: 5/25 — 29

Journal Entry	Entry #: 100
Date: 05/26/2009

Account	Debit		Credit
Office Expenses		245.30
B of A Checking				245.30
Totals		245.30		245.30

Memo: Fax, copy and overnight mail

Journal Entry	Entry #: 101
Date: 05/26/2009

Account	Debit		Credit
US Trustee		4225.00
B of A Checking				4225.00
Totals		4225.00		4225.00

Memo: Adjustment to Q1

Journal Entry	Entry #: 102
Date: 05/26/2009

Account	Debit		Credit
Payroll		6464.60
Payroll		9695.98
Office Expenses		46.44
B of A Checking				16207.02
Totals		16207.02		16207.02

Memo: 5/29 payroll

Journal Entry	Entry #: 105
Date: 05/29/2009

Account	Debit		Credit
Bank Charges		64.96
B of A Checking				64.96
Totals		64.96		64.96

Memo: B of A — May

In re Debtor PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 5/1-5/31/09

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
May 2009

	Total
Income
Refunds-Allowances		10,000.00
Total Income	$	10,000.00
Expenses
Bank Charges		64.96
Contractor ��� Talbott		30,240.00
Kurtzman Carson		5,799.64
Office Expenses		512.93
Payroll		33,450.30
PHJW Expenses		5,703.37
PHJW Fees		243,077.60
Postage		182.78
Taxes & Licenses		800.00
US Trustee		4,874.01
Total Expenses	$	324,705.59
Net Operating Income	$	-314,705.59
Net Income	$	-314,705.59

PFF Bancorp, Inc.
Profit & Loss
December 5, 2008 — May 31, 2009

	Total
Income
Refunds-Allowances		10,000.00
Workers Comp Experience Refund		10,563.00
Total Income	$	20,563.00
Expenses
Accrued Expenses		0.00
Bank Charges		294.04
Contractor — Talbott		189,000.00
Interest Expense		0.99
Kurtzman Carson		78,485.71
Legal & Professional Fees		198,465.25
Office Expenses		15,308.55
Payroll		209,706.36
PHJW Expenses		5,703.37
PHJW Fees		243,077.60
Postage		182.78
Progressive Reimb		-202,416.95
Supplies		209.85
Taxes & Licenses		1,323.23
Travel		8,067.67
US Trustee		5,524.01
Total Expenses	$	752,932.46
Net Operating Income	$	- 732,369.46
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	$	-731,816.34

In re Debtor PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 5/1-5/31/09

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 May 31, 2009

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		2,810,904.23
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	$	4,510,904.23
Total Current Assets	$	4,510,904.23
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	$	159,344,585.01

	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		-734,251.09
Total Equity	$	41,914,529.01
TOTAL LIABILITIES AND EQUITY	$	159,344,585.01

In re Debtor PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 5/1-5/31/09

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: May 1 — May 31, 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: 5/1-5/31/09

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, Inc.	Case No. 08-13129
	Reporting Period: 5/1-5/31/09

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	6/9/09
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, Inc.	Case No. 08-13129
	Reporting Period: 5/1-5/31/09

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

1191683.47

1191683.47

1186035.00

RECEIPTS

CASH SALES

ACCOUNTS RECEIVABLE

LOANS AND ADVANCES

SALE OF ASSETS

OTHER (ATTACH LIST)

220948.85

1

220948.85

227179.23

TRANSFERS (FROM DIP ACCTS)

TOTAL RECEIPTS

220948.85

220948.85

227179.23

DISBURSEMENTS

NET PAYROLL

PAYROLL TAXES

SALES, USE & OTHER TAXES

INVENTORY PURCHASES

SECURED RENTAL/LEASES

INSURANCE

ADMINISTRATIVE

20.87

20.87

178.44

SELLING

OTHER (ATTACH LIST)

99.34

OWNER DRAW*

TRANSFERS (TO DIP ACCTS)

PROFESSIONAL FEES

U.S. TRUSTEE QUARTERLY FEES

325.24

325.24

650.24

COURT COSTS

TOTAL DISBURSEMENTS

346.11

346.11

928.02

NET CASH FLOW

(RECEIPTS LESS DISBURSEMENTS)

220602.74

220602.74

226251.21

CASH — END OF MONTH

1412286.21

1412286.21

1412286.21

* 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	$	346.11
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	$	346.11

¹ Lafferty Income Tax Refund

Account # ******9188

Account Name DIVERSIFIED BUILDER SERVICES, INC.

Reconciliation As of Date 5/31/09

Balance per Bank		$	1,412,286.45
Deposits in Transit
Date	Amount
Total
Outstanding Checks
Check #	Amount
1003	.24
Total			(.24	)
Other (List)
Balance per Books		$	1,412,286.21

In re Debtor Diversified Builder Services, Inc.	Case No. 08-13129
	Reporting Period: 5/1-5/31/09

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 ******9188
	01 01 152 01 M0000 E # 1
CUSTOMER CONNECTION	Last Statement: 04/30/2009
BANK OF AMERICA, N.A.	This Statement: 05/29/2009
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	05/01/2009 – 05/29/2009	Statement Beginning Balance	1,191,683.47
Number of Deposits/Credits	1	Amount of Deposits/Credits	220,948.85
Number of Checks	1	Amount of Checks	325.00
Number of Other Debits	2	Amount of Other Debits	20.87
		Statement Ending Balance	1,412,286.45
Number of Enclosures	1
		Service Charge	20.87

Deposits and Credits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
05/06			220,948.85	WIRE TYPE:WIRE IN DATE:090506 TIME:1518 ET		00370208445
				TRN:2009050600208445 SEQ:090506020885/002133 ORIG:US BANK SPECIAL ASSETS GR ID:NA SND BK: U.S. BANK, N.A. ID:091000022 PMT DET:090506020885

Withdrawals and Debits

Checks

Check			Date		Bank		Check		Date	Bank
Number	Amount		Posted		Reference		Number	Amount	Posted	Reference
1002		325.00		05/11		7592564504

Other Debits

Date	Customer					Bank
Posted	Reference		Amount		Description	Reference
05/06		1		10.00	INCOMING DOMESTIC WIRE		0998020001__
05/29				10.87	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
04/30		1,191,683.47		1,191,683.47		05/11		1,412,297.32		1,412,297.32
05/06		1,412,622.32		1,412,622.32		05/29		1,412,286.45		1,412,286.45

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

Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
05/05/2009	General Journal		9			-SPLIT-		-325.00		-325.00
05/06/2009	General Journal		14			-SPLIT-		220,948.85		220,623.85
05/26/2009	General Journal		11			-SPLIT-		-0.24		220,623.61
05/29/2009	General Journal		15			-SPLIT-		-20.87		220,602.74
Total for B of A Checking							$	220,602.74
Accounts Receivable
05/06/2009	General Journal		14			-SPLIT-		-220,948.85		-220,948.85
Total for Accounts Receivable							$	-220,948.85
Lafferty Tax Refunds
05/06/2009	General Journal		14			-SPLIT-		220,948.85		220,948.85
05/29/2009	General Journal					-SPLIT-		6,230.38		227,179.23
Total for Lafferty Tax Refunds							$	227,179.23
Bank Charges
05/29/2009	General Journal		15			-SPLIT-		20.87		20.87
Total for Bank Charges							$	20.87
US Trustee
05/05/2009	General Journal		9			-SPLIT-		325.00		325.00
05/26/2009	General Journal		11			-SPLIT-		0.24		325.24
Total for US Trustee							$	325.24
Other Income
05/06/2009	General Journal		14			-SPLIT-		-220,948.85		-220,948.85
05/29/2009	General Journal					-SPLIT-		-6,230.38		-227,179.23
Total for Other Income							$	-227,179.23

Journal Entry Entry #: 9

Date: 05/05/2009

Account	Debit		Credit
US Trustee		325.00
B of A Checking				325.00
Totals		325.00		325.00

Memo: Qtr 1 Fee

Journal Entry Entry #: 14

Date: 05/06/2009

Account	Debit		Credit
B of A Checking		220948.85
Accounts Receivable				220948.85
Other Income		220948.85
Lafferty Tax Refunds				220948.85
Totals		441897.70		441897.70

Memo: Receipt of refund and reclass to separate income account

Journal Entry Entry #: 11

Date: 05/26/2009

Account	Debit		Credit
US Trustee		.24
B of A Checking				.24
Totals		.24		.24

Memo: Q1 adjustment

Journal Entry Entry #: 15

Date: 05/29/2009

Account	Debit		Credit
Bank Charges		20.87
B of A Checking				20.87
Totals		20.87		20.87

Memo: B of A May

In re Debtor Diversified Builder Services, Inc.	Case No. 08-13129
	Reporting Period: 5/1-5/31/09

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
May 2009

	Total
Income
Lafferty Tax Refunds		227,179.23
Total Income	$	227,179.23
Expenses
Bank Charges		20.87
US Trustee		325.24
Total Expenses	$	346.11
Net Operating Income	$	226,833.12
Other Income
Other Income		-227,179.23
Total Other Income	$	-227,179.23
Net Other Income	$	-227,179.23
Net Income	$	-346.11

Diversified Builder Services, Inc.
Profit & Loss
December 5, 2008 — May 31, 2009

	Total
Income
Lafferty Tax Refunds		227,179.23
Total Income	$	227,179.23
Expenses
Bank Charges		178.44
US Trustee		650.24
Total Expenses	$	828.68
Net Operating Income	$	226,350.55
Other Income
Other Income		-99.34
Total Other Income	$	-99.34
Net Other Income	$	-99.34
Net Income	$	226,251.21

In re Debtor Diversified Builder Services, Inc.	Case No. 08-13129
	Reporting Period: 5/1-5/31/09

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 May 31, 2009

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		1,412,286.21
PFF Checking		0.00
PFF Checking — 10102		0.00
Total Bank Accounts	$	1,412,286.21
Total Current Assets	$	1,412,286.21
Other Assets
100% Loan Loss — Comm Loans — MI		-300,000.00
Accounts Receivable		288,500.00
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	$	-3,087,274.00
TOTAL ASSETS	$	-1,674,987.79
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		226,251.21
Total Equity	$	-16,612,200.79
TOTAL LIABILITIES AND EQUITY	$	-1,674,987.79

In re Debtor Diversified Builder Services, Inc.	Case No. 08-13129
	Reporting Period: 5/1-5/31/09

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: May 1 — May 31, 2009

Explanation

Listing of Aged Accounts Payable

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

In re Debtor Diversified Builder Services, Inc.	08-13129
	5/1-5/31/09

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, Inc.	Case No. 08-13131
	Reporting Period: 5/1-5/31/09

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	6/15/09
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 Glencrest Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: 5/1-5/31/09

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		64332.34					64332.34			44046.24
RECEIPTS
CASH SALES/COMMISSIONS		860.82					860.82			21299.55
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS
OTHER (ATTACH LIST)										307.22
TRANSFERS (FROM DIP ACCTS)
TOTAL RECEIPTS		860.82					860.82			21606.77
DISBURSEMENTS
NET PAYROLL
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES
INSURANCE
ADMINISTRATIVE		0.50					0.50			135.35
SELLING
OTHER (ATTACH LIST)
OWNER DRAW*
TRANSFERS (TO DIP ACCTS)
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES		325.24					325.24			650.24
COURT COSTS
TOTAL DISBURSEMENTS		325.74					325.74			785.59
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)		535.08					535.08			20821.18
CASH — END OF MONTH		64867.42					64867.42			64867.42

* 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	$	325.74
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	$	325.74

Account # ******8202             

Account Name GLENCREST INSURANCE SERVICES, INC.

Reconciliation As of Date 5/31/09

Balance per Bank	$	64,867.66
Deposit in Transit		Amount
Date
Total
Outstanding Checks
Check #	Amount
1003		.24
Total		(.24	)
Other (List)
Balance per Books	$	64,867.42

In re Debtor Glencrest Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: 5/1-5/31/09

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 ******8202
	01 01 152 01 M0000 E# 1
CUSTOMER CONNECTION	Last Statement: 04/30/2009
BANK OF AMERICA, N.A.	This Statement: 05/29/2009
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	05/01/2009 – 05/29/2009	Statement Beginning Balance	64,332.34
Number of Deposits/Credits	3	Amount of Deposits/Credits	860.82
Number of Checks	1	Amount of Checks	325.00
Number of Other Debits	1	Amount of Other Debits	.50
		Statement Ending Balance	64,867.66
Number of Enclosures	1
		Service Charge	.50

Deposits and Credits

Date	Customer			Bank
Posted	Reference	Amount	Description	Reference
05/06		88.91	CA BANKING CENTER DEPOSIT	27860576063680
05/11		646.91	CA BANKING CENTER DEPOSIT	27860646091075
05/19		125.00	CA BANKING CENTER DEPOSIT	27860526068724

Withdrawals and Debits

Checks

Check			Date		Bank		Check		Date	Bank
Number	Amount		Posted		Reference		Number	Amount	Posted	Reference
1002		325.00		05/11		7592564547

Other Debits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
05/29			.50	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
04/30		64,332.34		64,332.34		05/15		64,743.16		64,743.16
05/06		64,421.25		64,332.34		05/19		64,868.16		64,743.16
05/11		64,743.16		64,090.92		05/22		64,868.16		64,860.66
05/12		64,743.16		64,096.25		05/26		64,868.16		64,868.16
05/14		64,743.16		64,704.36		05/29		64,867.66		64,867.66

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

Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
05/05/2009	General Journal		33			-SPLIT-		88.91		88.91
05/05/2009	General Journal		34			-SPLIT-		-325.00		-236.09
05/11/2009	General Journal		37			-SPLIT-		646.91		410.82
05/19/2009	General Journal		38			-SPLIT-		125.00		535.82
05/26/2009	General Journal		39			-SPLIT-		-0.24		535.58
05/29/2009	General Journal		42			-SPLIT-		-0.50		535.08
Total for B of A Checking							$	535.08
Fees Billed
05/05/2009	General Journal		33			-SPLIT-		88.91		88.91
05/11/2009	General Journal		37			-SPLIT-		646.91		735.82
05/19/2009	General Journal		38			-SPLIT-		125.00		860.82
Total for Fees Billed							$	860.82
Bank Charges
05/29/2009	General Journal		42			-SPLIT-		0.50		0.50
Total for Bank Charges							$	0.50
US Trustee
05/05/2009	General Journal		34			-SPLIT-		325.00		325.00
05/26/2009	General Journal		39			-SPLIT-		0.24		325.24
Total for US Trustee							$	325.24

Journal Entry	Entry #: 33
Date: 05/05/2009

Account	Debit		Credit
B of A Checking		88.91
Fees Billed				88.91
Totals		88.91		88.91

Memo: L.T. Preferred Care

Journal Entry	Entry #: 34
Date: 05/05/2009

Account	Debit		Credit
US Trustee		325.00
B of A Checking				325.00
Totals		325.00		325.00

Memo: Q1 Fee

Journal Entry	Entry #: 37
Date: 05/11/2009

Account	Debit		Credit
B of A Checking		646.91
Fees Billed				646.91
Totals		646.91		646.91

Memo: Affinion $523.60, Transamerica $100.21, CA Fair Plan $23.10

Journal Entry	Entry #: 38
Date: 05/19/2009

Account	Debit		Credit
B of A Checking		125.00
Fees Billed				125.00
Totals		125.00		125.00

Memo: Lincoln Financial

Journal Entry	Entry #: 39
Date: 05/26/2009

Account	Debit		Credit
US Trustee		0.24
B of A Checking				0.24
Totals		0.24		0.24

Memo: Q1 adjustment

Journal Entry	Entry #: 42
Date: 05/29/2009

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

Memo: B of A – May

In re Debtor Glencrest Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: 5/1-5/31/09

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
May 2009

	Total
Income
Fees Billed		860.82
Total Income	$	860.82
Expenses
Bank Charges		0.50
US Trustee		325.24
Total Expenses	$	325.74
Net Operating Income	$	535.08
Net Income	$	535.08

Glencrest Insurance Services, Inc.
Profit & Loss
December 5, 2008 — May 31, 2009

	Total
Income
Fees Billed		21,299.55
Total Income	$	21,299.55
Expenses
Bank Charges		135.35
US Trustee		650.24
Total Expenses	$	785.59
Net Operating Income	$	20,513.96
Other Income
Other Income		307.22
Total Other Income	$	307.22
Net Other Income	$	307.22
Net Income	$	20,821.18

In re Debtor Glencrest Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: 5/1-5/31/09

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 May 31, 2009

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		64,867.42
Operating Acct		0.00
PFF Checking		0.00
Total Bank Accounts	$	64,867.42
Total Current Assets	$	64,867.42
Other Assets
Prepaid Expenses and Other Assets		36,194.00
Property & Equipment		16,201.00
Total Other Assets	$	52,395.00
TOTAL ASSETS	$	117,262.42
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		20,821.18
Total Equity	$	81,390.42
TOTAL LIABILITIES AND EQUITY	$	117,262.42

In re Debtor Glencrest Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: 5/1-5/31/09

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: May 1 — May 31, 2009

Explanation

Listing of Aged Accounts Payable

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

In re Debtor Glencrest Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: 5/1-5/31/09

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, Inc.	Case No. 08-13128
	Reporting Period: 5/1-5/31/09

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*	6/15/09Date
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, Inc.	Case No. 08-13128
	Reporting Period: 5/1-5/31/09

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		113541.47						113541.47				31278.00
RECEIPTS
COMMISSIONS		5.34						5.34				401.35
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS		4420.00						4420.00				11527.00
OTHER (ATTACH LIST)		5712.77	1					5712.77				31858.70
TRANSFERS (FROM DIP ACCTS)												196027.42
TOTAL RECEIPTS		10138.11						10138.11				239814.47
DISBURSEMENTS
NET PAYROLL												27609.67
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES		30051.56						30051.56				115964.68
INSURANCE
ADMINISTRATIVE		5161.34						5161.34				34281.44
SELLING
OTHER (ATTACH LIST)
PREPAID RENT
OWNER DRAW*
TRANSFERS (TO DIP ACCTS)												4445.00
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES		975.24						975.24				1300.24
COURT COSTS
TOTAL DISBURSEMENTS		36188.14						36188.14				183601.03
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)		(26050.03	)					(26050.03	)			56213.44
CASH — END OF MONTH		87491.44						87491.44				87491.44

* 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	$	36188.14
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	$	36188.14

1 April Fees from CA Financial Partners	$	1773.38
Sub-Rent Palm Desert	$	3939.39
	$	5712.77

Account # ******9162

Account Name GLENCREST INVESTMENT ADVISORS, INC.

Reconciliation As of Date 5/31/09

Balance per Bank	$	103,224.40
Deposits in Transit
Date	Amount
Total
Outstanding Checks
Check #	Amount
1076		650.24
1077		15025.78
Total		(15,676.02	)
Other (List)
ADP Charge not yet debited by bank		(56.94	)
Balance per Books	$	87,491.44

In re Debtor Glencrest Investment Advisors, Inc.	Case No. 08-13128
	Reporting Period: 5/1-5/31/09

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 ******9162
	01 01 152 01 M0000 E# 10
CUSTOMER CONNECTION	Last Statement: 04/30/2009
BANK OF AMERICA, N.A.	This Statement: 05/29/2009
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	05/01/2009 – 05/29/2009	Statement Beginning Balance	118,703.47
Number of Deposits/Credits	4	Amount of Deposits/Credits	10,138.11
Number of Checks	10	Amount of Checks	25,616.39
Number of Other Debits	1	Amount of Other Debits	.79
		Statement Ending Balance	103,224.40
Number of Enclosures	10
		Service Charge	.79

Deposits and Credits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
05/11			3,395.00	CA BANKING CENTER DEPOSIT		27860796046872_
05/11			5,712.77	CA BANKING CENTER DEPOSIT		27860646091075_
05/19			5.34	CA BANKING CENTER DEPOSIT		27860526068725_
05/26			1,025.00	CA BANKING CENTER DEPOSIT		27860646011580_

Withdrawals and Debits

Checks

Check			Date		Bank		Check				Date		Bank
Number	Amount		Posted		Reference		Number		Amount		Posted		Reference
1066		5,162.00		05/07		7912408974		1071		107.45		05/19		5992126888
1067		15,025.78		05/08		7192202458		1072		806.36		05/13		6492416125
1068		717.71		05/08		7192396577		1073		45.00		05/15		6892814314
1069		325.00		05/11		7592564548		1074		625.00		05/21		8992122207
1070		532.38		05/11		7492097190		1075		2,269.71		05/26		7992199120
Other Debits

	Customer				Bank
Date Posted	Reference	Amount		Description	Reference
05/29			.79	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
04/30		118,703.47		118,500.85		05/15		105,197.01		105,197.01
05/01		118,703.47		118,703.47		05/19		105,094.90		105,089.56
05/07		113,541.47		113,541.47		05/21		104,469.90		104,464.56
05/08		97,797.98		97,797.98		05/22		104,469.90		104,469.58
05/11		106,048.37		96,940.66		05/26		103,225.19		102,200.19
05/12		106,048.37		100,131.96		05/27		103,225.19		103,165.69
05/13		105,242.01		103,232.28		05/28		103,225.19		103,225.19
05/14		105,242.01		105,135.61		05/29		103,224.40		103,224.40

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

Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
05/05/2009	General Journal		114			-SPLIT-		-15,025.78		-15,025.78
05/05/2009	General Journal		115			-SPLIT-		-717.71		-15,743.49
05/05/2009	General Journal		116			-SPLIT-		-56.94		-15,800.43
05/05/2009	General Journal		117			-SPLIT-		-325.00		-16,125.43
05/06/2009	General Journal		118			-SPLIT-		-532.38		-16,657.81
05/11/2009	General Journal		119			-SPLIT-		-45.00		-16,702.81
05/11/2009	General Journal		123			-SPLIT-		5,712.77		-10,990.04
05/11/2009	General Journal		120			-SPLIT-		-806.36		-11,796.40
05/11/2009	General Journal		121			-SPLIT-		-107.45		-11,903.85
05/11/2009	General Journal		122			-SPLIT-		3,395.00		-8,508.85
05/19/2009	General Journal		127			-SPLIT-		5.34		-8,503.51
05/19/2009	General Journal		128			-SPLIT-		-2,269.71		-10,773.22
05/19/2009	General Journal		129			-SPLIT-		-625.00		-11,398.22
05/26/2009	General Journal		130			-SPLIT-		-650.24		-12,048.46
05/26/2009	General Journal		132			-SPLIT-		-15,025.78		-27,074.24
05/26/2009	General Journal		131			-SPLIT-		1,025.00		-26,049.24
05/31/2009	General Journal		146			-SPLIT-		-0.79		-26,050.03
Total for B of A Checking							$	-26,050.03
Prepaid Rent — Claremont
05/26/2009	General Journal		132			-SPLIT-		15,025.78		15,025.78
05/26/2009	General Journal		134			-SPLIT-		-15,025.78		0.00
Total for Prepaid Rent — Claremont							$	0.00
Prepaid Rent & CAM — Claremont
05/26/2009	General Journal		134			-SPLIT-		15,025.78		15,025.78
Total for Prepaid Rent & CAM — Claremont							$	15,025.78
Prepaid Rent — Palm Desert
05/01/2009	General Journal		113			-SPLIT-		-5,162.00		-5,162.00
05/13/2009	General Journal		125			-SPLIT-		-5,162.00		-10,324.00
05/13/2009	General Journal		125R			-SPLIT-		5,162.00		-5,162.00
Total for Prepaid Rent — Palm Desert							$	-5,162.00
Prin Rec FHLMC SEC Fixed
05/15/2009	General Journal		126			-SPLIT-		-58,997.08		-58,997.08
Total for Prin Rec FHLMC SEC Fixed							$	-58,997.08
CA Financial Ptnr Income
05/11/2009	General Journal		123			-SPLIT-		1,773.38		1,773.38
Total for CA Financial Ptnr Income							$	1,773.38
Fees Billed
05/19/2009	General Journal		127			-SPLIT-		5.34		5.34
Total for Fees Billed							$	5.34
Misc Asset Sales — Claremont
05/11/2009	General Journal		122			-SPLIT-		3,395.00		3,395.00
05/26/2009	General Journal		131			-SPLIT-		650.00		4,045.00
05/26/2009	General Journal		131			-SPLIT-		375.00		4,420.00
Total for Misc Asset Sales — Claremont							$	4,420.00
Rental Income Palm Desert
05/11/2009	General Journal		123			-SPLIT-		3,939.39		3,939.39
Total for Rental Income Palm Desert							$	3,939.39

Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
Bank Charges
05/31/2009	General Journal		146			-SPLIT-		0.79		0.79
Total for Bank Charges							$	0.79
Computek I.T.
05/19/2009	General Journal		129			-SPLIT-		625.00		625.00
Total for Computek I.T.							$	625.00
I 365 Data Storage
05/19/2009	General Journal		128			-SPLIT-		2,269.71		2,269.71
Total for I 365 Data Storage							$	2,269.71
Office Expenses
05/05/2009	General Journal		116			-SPLIT-		56.94		56.94
05/11/2009	General Journal		119			-SPLIT-		45.00		101.94
Total for Office Expenses							$	101.94
Rent — Claremont
05/05/2009	General Journal		114			-SPLIT-		15,025.78		15,025.78
Total for Rent — Claremont							$	15,025.78
Rent — Palm Desert
05/01/2009	General Journal		113			-SPLIT-		5,162.00		5,162.00
05/13/2009	General Journal		125			-SPLIT-		5,162.00		10,324.00
05/13/2009	General Journal		125R			-SPLIT-		-5,162.00		5,162.00
Total for Rent — Palm Desert							$	5,162.00
US Trustee
05/05/2009	General Journal		117			-SPLIT-		325.00		325.00
05/26/2009	General Journal		130			-SPLIT-		650.24		975.24
Total for US Trustee							$	975.24
Utilities — Gas Co
05/11/2009	General Journal		121			-SPLIT-		107.45		107.45
Total for Utilities — Gas Co							$	107.45
Utilities — Phone and Data
05/05/2009	General Journal		115			-SPLIT-		717.71		717.71
05/06/2009	General Journal		118			-SPLIT-		532.38		1,250.09
Total for Utilities — Phone and Data							$	1,250.09
Utilities — SCE
05/11/2009	General Journal		120			-SPLIT-		806.36		806.36
Total for Utilities — SCE							$	806.36
Other Income
05/15/2009	General Journal		126			-SPLIT-		-58,997.08		-58,997.08
Total for Other Income							$	-58,997.08

Journal Entry	Entry #: 114
Date: 05/05/2009

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

Memo: May Rent

Journal Entry	Entry #: 115
Date: 05/05/2009

Account	Debit		Credit
Utilities — Phone and Data		717.71
B of A Checking				717.71
Totals		717.71		717.71

Memo: Verizon Phone

Journal Entry	Entry #: 116
Date: 05/05/2009

Account	Debit		Credit
Office Expenses		56.94
B of A Checking				56.94
Totals		56.94		56.94

Memo: ADP Charges

Journal Entry	Entry #: 117
Date: 05/05/2009

Account	Debit		Credit
US Trustee		325.00
B of A Checking				325.00
Totals		325.00		325.00

Memo: Q1 Fee

Journal Entry	Entry #: 118
Date: 05/06/2009

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

Memo: Verizon DS1

Journal Entry	Entry #: 119
Date: 05/11/2009

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

Memo: Cintas

Journal Entry	Entry #: 123
Date: 05/11/2009

Account	Debit		Credit
B of A Checking		5712.77
CA Financial Ptnr Income				1773.38
Rental Income Palm Desert				3939.39
Totals		5712.77		5712.77

Memo: CA Financial — April. Palm Desert Rent — April

Journal Entry	Entry #: 120
Date: 05/11/2009

Account	Debit		Credit
Utilities — SCE		806.36
B of A Checking				806.36
Totals		806.36		806.36

Memo: SCE 4/4 — 5/4

Journal Entry	Entry #: 121
Date: 05/11/2009

Account	Debit		Credit
Utilities — Gas Co		107.45
B of A Checking				107.45
Totals		107.45		107.45

Memo: 4/3 — 5/4

Journal Entry	Entry #: 122
Date: 05/11/2009

Account	Debit		Credit
B of A Checking		3395.00
Misc Asset Sales — Claremont				3395.00
Totals		3395.00		3395.00

Memo: Milam, Knecht & Warner and Garcia Sales

Journal Entry	Entry #: 127
Date: 05/19/2009

Account	Debit		Credit
B of A Checking		5.34
Fees Billed				5.34
Totals		5.34		5.34

Memo: First Mercantile

Journal Entry	Entry #: 128
Date: 05/19/2009

Account	Debit		Credit
I 365 Data Storage		2269.71
B of A Checking				2269.71
Totals		2269.71		2269.71

Memo: 4/30/09

Journal Entry	Entry #: 129
Date: 05/19/2009

Account	Debit		Credit
Computek I.T.		625.00
B of A Checking				625.00
Totals		625.00		625.00

Memo: Disk scrubbing

Journal Entry	Entry #: 130
Date: 05/26/2009

Account	Debit		Credit
US Trustee		650.24
B of A Checking				650.24
Totals		650.24		650.24

Memo: Q1 adjustment

Journal Entry	Entry #: 132
Date: 05/26/2009

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

Memo: June rent

Journal Entry	Entry #: 131
Date: 05/26/2009

Account	Debit		Credit
B of A Checking		1025.00
Misc Asset Sales — Claremont				650.00
Misc Asset Sales — Claremont				375.00
Totals		1025.00		1025.00

Memo: Big Screens — $375, Standlea items $650

Journal Entry	Entry #: 146
Date: 05/31/2009

Account	Debit		Credit
Bank Charges		0.79
B of A Checking				0.79
Totals		0.79		0.79

Memo: B of A — May

In re Debtor Glencrest Investment Advisors, Inc.	Case No. 08-13128
	Reporting Period: 5/1-5/31/09

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
May 2009

	Total
Income
CA Financial Ptnr Income		1,773.38
Fees Billed		5.34
Misc Asset Sales — Claremont		4,420.00
Rental Income Palm Desert		3,939.39
Total Income	$	10,138.11
Expenses
Bank Charges		0.79
Computek I.T.		625.00
I 365 Data Storage		2,269.71
Office Expenses		101.94
Rent — Claremont		15,025.78
Rent — Palm Desert		5,162.00
US Trustee		975.24
Utilities — Gas Co		107.45
Utilities — Phone and Data		1,250.09
Utilities — SCE		806.36
Total Expenses	$	26,324.36
Net Operating Income	$	-16,186.25
Other Income
Other Income		-58,997.08
Total Other Income	$	-58,997.08
Net Other Income	$	-58,997.08
Net Income	$	-75,183.33

Glencrest Investment Advisors, Inc.
Profit & Loss
December 5, 2008 — May 31, 2009

	Total
Income
Ameritrade Close Out		22,111.54
CA Financial Ptnr Income		2,178.11
Fees Billed		15.14
Misc Asset Sales — Claremont		11,527.00
Rental Income Palm Desert		19,696.71
Sublease — PFF		6,279.10
Trailer Income		3,263.56
Total Income	$	65,071.16
Expenses
Bank Charges		184.49
Computek I.T.		1,275.00
I 365 Data Storage		9,943.93
Janitorial — Claremont		1,720.00
Janitorial — Palm Desert		560.00
Legal & Professional Fees		-7,097.45
Office Expenses		3,074.42
Other General and Admin Expenses		4,198.72
Payroll Expenses		27,603.90
Rent — Claremont		75,128.90
Rent — Palm Desert		25,810.00
Supplies		-233.34
US Trustee		1,300.24
Utilities		2,500.98
Utilities — Gas Co		1,226.97
Utilities — Phone and Data		10,851.93
Utilities — SCE		3,929.72
Utilities — Siemens		1,549.25
Utilities — Water		15.14
Total Expenses	$	163,542.80
Net Operating Income	$	-98,471.64
Other Income
Other Income		6,525.59
Total Other Income	$	6,525.59
Other Expenses
Miscellaneous		54.11
Total Other Expenses	$	54.11
Net Other Income	$	6,471.48
Net Income	$	-92,000.16

In re Debtor Glencrest Investment Advisors, Inc.	Case No. 08-13128
	Reporting Period: 5/1-5/31/09

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 May 31, 2009

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		87,491.44
PFF Checking		0.00
Prepaid Rent — Claremont		0.00
Total Bank Accounts	$	87,491.44
Total Current Assets	$	87,491.44
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 & CAM — Claremont		15,025.78
Prepaid Rent — Palm Desert		0.00
Prin Rec FHLMC SEC Fixed		2,916.92
Property & Equipment		492,486.00
Utility Deposit		4,445.00
Valuation Allowance		-43,570.00
Total Other Assets	$	655,124.70
TOTAL ASSETS	$	742,616.14
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		-92,000.16
Total Equity	$	680,300.14
TOTAL LIABILITIES AND EQUITY	$	742,616.14

In re Debtor Glencrest Investment Advisors, Inc.	Case No. 08-13128
	Reporting Period: 5/1-5/31/09

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: May 1 — May 31, 2009

Explanation

Listing of Aged Accounts Payable

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

In re Debtor Glencrest Investment Advisors, Inc.	Case No. 08-13128
	Reporting Period: 5/1-5/31/09

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 Furniture and Equipment — $4,420.00

UNITED STATES BANKRUPTCY COURT
                    DISTRICT OF DELAWARE

In re PFF Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: 5/1-5/31/09

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	6/15/09
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 Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: 5/1-5/31/09

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

25318.27

25318.27

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

81.96

SELLING

OTHER (ATTACH LIST)

OWNER DRAW*

TRANSFERS (TO DIP ACCTS)

PROFESSIONAL FEES

U.S. TRUSTEE QUARTERLY FEES

325.24

325.24

650.24

COURT COSTS

TOTAL DISBURSEMENTS

325.43

325.43

732.20

NET CASH FLOW

(RECEIPTS LESS DISBURSEMENTS)

(325.43

)

(325.43

)

(732.20

)

CASH — END OF MONTH

24992.84

24992.84

24992.84

* 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	$	325.43
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	$	325.43

Account # ******8192

Account Name PFF REAL ESTATE SERVICES, INC.

Reconciliation As of Date 5/31/09

Balance per Bank	$	24,993.08
Deposits in Transit
Date
Total
Outstanding Checks	Amount
Check#
1003		.24
Total		(.24	)
Other (List)
Balance per Books	$	24,992.84

In re Debtor PFF Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: 5/1-5/31/09

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 ******8192
CUSTOMER CONNECTION	01 01 152 01 M0000 E# 1
BANK OF AMERICA, N.A.	Last Statement: 04/30/2009
DALLAS, TEXAS 75283-2406	This Statement: 05/29/2009
PFF REAL ESTATE SERVICES, INC.	Customer Service 1-800-342-7722
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	05/01/2009 — 05/29/2009	Statement Beginning Balance	25,318.27
Number of Deposits/Credits	0	Amount of Deposits/Credits	.00
Number of Checks	1	Amount of Checks	325.00
Number of Other Debits	1	Amount of Other Debits	.19
		Statement Ending Balance	24,993.08
Number of Enclosures	1
		Service Charge	.19

Withdrawals and Debits

Checks

Check			Date		Bank		Check		Date	Bank
Number	Amount		Posted		Reference		Number	Amount	Posted	Reference
1002		325.00		05/11		7592564545

Other Debits

Date	Customer
Posted	Reference	Amount		Description	Bank Reference
05/29			.19	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
04/30		25,318.27		25,318.27		05/29		24,993.08		24,993.08
05/11		24,993.27		24,993.27

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

Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
05/05/2009	General Journal		11			-SPLIT-		-325.00		-325.00
05/26/2009	General Journal		13			-SPLIT-		-0.24		-325.24
05/29/2009	General Journal		14			-SPLIT-		-0.19		-325.43
Total for B of A Checking							$	-325.43
Bank Charges
05/29/2009	General Journal		14			-SPLIT-		0.19		0.19
Total for Bank Charges							$	0.19
US Trustee
05/05/2009	General Journal		11			-SPLIT-		325.00		325.00
05/26/2009	General Journal		13			-SPLIT-		0.24		325.24
Total for US Trustee							$	325.24

Journal Entry			Entry #: 13
Date: 05/26/2009
Account	Debit		Credit
US Trustee		0.24
B of A Checking				0.24
Totals		0.24		0.24
Memo: Q1 adjustment

Journal Entry			Entry #: 11
Date: 05/05/2009
Account	Debit		Credit
US Trustee		325.00
B of A Checking				325.00
Totals		325.00		325.00
Memo: Q1 Fee

Journal Entry			Entry #: 14
Date: 05/29/2009
Account	Debit		Credit
Bank Charges		0.19
B of A Checking				0.19
Totals		0.19		0.19
Memo: B of A — May

In re Debtor PFF Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: 5/1-5/31/09

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
May 2009

	Total
Income
Total Income
Expenses
Bank Charges		0.19
US Trustee		325.24
Total Expenses	$	325.43
Net Operating Income	$	-325.43
Net Income	$	-325.43

PFF Real Estate Services, Inc.
Profit & Loss
December 5, 2008 — May 31, 2009

	Total
Income
Total Income
Expenses
Bank Charges		81.96
US Trustee		650.24
Total Expenses	$	732.20
Net Operating Income	$	-732.20
Other Income
Other Income		0.04
Total Other Income	$	0.04
Net Other Income	$	0.04
Net Income	$	-732.16

In re Debtor PFF Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: 5/1-5/31/09

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 May 31, 2009

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		24,992.84
PFF Checking		0.00
Total Bank Accounts	$	24,992.84
Total Current Assets	$	24,992.84
TOTAL ASSETS	$	24,992.84
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		-732.16
Total Equity	$	24,992.84
TOTAL LIABILITIES AND EQUITY	$	24,992.84

In re Debtor PFF Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: 5/1-5/31/09

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: May 1 — May 31, 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, Inc.	08-13130
	5/1-5/31/09

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