PFF Bancorp (PFFBQ) 8-K United States Bankruptcy Court In the District of Delaware

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT
IN THE DISTRICT OF DELAWARE

In re PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 6/1/09 — 6/30/09

MONTHLY OPERATING REPORT

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

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

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

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

Signature of Debtor	Date
Signature of Joint Debtor	Date
/s/ Kevin McCarthy	7/21/09
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 PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 6/1/09 — 6/30/09

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

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

											CUMULATIVE
	BANK ACCOUNTS						CURRENT MONTH				FILING TO DATE
	OPER.			PAYROLL	TAX	OTHER	ACTUAL			PROJECTED	ACTUAL			PROJECTED
CASH BEGINNING OF MONTH	$	2,810,904.23					$	2,810,904.23			$	3,637,884.57
RECEIPTS
CASH SALES
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS
OTHER (ATTACH LIST)1	$	123,197.34					$	123,197.34			$	348,712.40
TRANSFERS (FROM DIP ACCTS)
TOTAL RECEIPTS	$	123,197.34					$	123,197.34			$	348,712.40
DISBURSEMENTS
NET PAYROLL	$	33,450.30					$	33,450.30			$	243,295.98
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES
INSURANCE
ADMINISTRATIVE											$	280,164.00
SELLING	$	52,379.90					$	52,379.90			$	360,560.64
OTHER (ATTACH LIST)
OWNER DRAW*
TRANSFERS (TO DIP ACCTS)
PROFESSIONAL FEES	$	143,529.24					$	143,529.24			$	392,310.21
U.S. TRUSTEE QUARTERLY FEES											$	5,524.01
COURT COSTS
TOTAL DISBURSEMENTS	$	229,359.44					$	229,359.44			$	1,281,854.84
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	(106,162.10	)				$	(106,162.10	)		$	(933,142.44	)
CASH — END OF MONTH	$	2,704,742.13					$	2,704,742.13			$	2,704,742.13

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

1 Insurance policy refunds from cancellation	$	109,839.00
Bank of NY Refund (Registrar and Transfer Agent)	$	13,358.34
	$	123,197.34

THE FOLLOWING SECTION MUST BE COMPLETED

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	229,359.44
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	$	229,359.44

Account ******9146

Account Name PFF Bancorp, Inc.

Reconciliation As of Date 6/30/09

Balance per Bank			$	2,985,073.08
Deposits in Transit
Date	Amount
Total
Outstanding Checks
Check #	Amount
1027	$	183,899.00
1028	$	96,265.00
1066	$	120.51
Total			$	(280,284.51	)
Other (List)
ADP service charge on books not on bank			$	(46.44	)
Balance per Books			$	2,704,742.13

In re PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 6/1/09 — 6/30/09

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

					Check				Amount Paid				Year-To-Date
Payee	Period Covered	Amount Covered		Payor	Number		Date		Fees		Expenses		Fees		Expenses
Blank Rome LLP	12/19/08 – 1/31/09	$	59,707.80	PFF Bancorp		1070		6/23/09	$	46,294.00	$	1,840.30	$	46,294.00	$	1,840.30
JH Cohn, LLP	12/22/08 – 1/31/09	$	28,965.10	PFF Bancorp		1071		6/23/09	$	23,058.40	$	142.10	$	23,058.40	$	142.10
JH Cohn, LLP	2/1/09 – 2/28/09	$	24,256.00	PFF Bancorp		1072		6/23/09	$	19,384.00	$	168.10	$	42,442.40	$	168.10
JH Cohn, LLP	3/1/09 – 3/31/09	$	65,237.04	PFF Bancorp		1073		6/23/09	$	49,810.40	$	2,974.04	$	92,252.80	$	3,142.14

FORM MOR-1b
(04/07)

Bank of America LOGO
	Account Number ******9146
CUSTOMER CONNECTION	01 01 152 01 M0000 E# 19
BANK OF AMERICA, N.A.	Last Statement: 05/29/2009
DALLAS, TEXAS 75283-2406	This Statement: 06/30/2009
	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	05/30/2009 – 06/30/2009	Statement Beginning Balance	3,111,635.29
Number of Deposits/Credits	2	Amount of Deposits/Credits	123,197.34
Number of Checks	19	Amount of Checks	236,186.36
Number of Other Debits	5	Amount of Other Debits	13,573.19
		Statement Ending Balance	2,985,073.08
Number of Enclosures	19
		Service Charge	22.99

Deposits and Credits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
06/09			109,839.00	CA BANKING CENTER DEPOSIT		2353054609__6_
06/15			13,358.34	CA BANKING CENTER DEPOSIT		2786063600111_

Withdrawals and Debits

Checks

Check			Date		Bank		Check					Date		Bank
Number	Amount		Posted		Reference		Number			Amount		Posted		Reference
1056		5,799.64		06/01		8792613827		1069			5,695.72		06/30		7992353074
1057		700.00		06/01		3130398059		1070			48,134.30		06/29		7492162775
1058		100.00		06/01		3130397934		1071			23,200.50		06/29		2692930778
1061*		4,225.00		06/01		6692020734		1072			19,410.00		06/29		2692930777
1062		7,560.00		06/02		1282096869		1073			52,784.44		06/29		2692930776
1063		7,747.80		06/15		9892291380		1074			7,560.00		06/30		2182307427
1064		7,560.00		06/09		1082220611		10013	*		9,695.98		06/01		8792722522
1065		7,560.00		06/15		1282929320		10014			10,297.00		06/15		9892548637
1067*		900.00		06/23		1082407619		10015			9,695.98		06/29		8892766543
1068		7,560.00		06/22		2182791598

Other Debits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
06/03			46.44	ADP PAYROLL FEES DES:ADP — FEES ID:13Z8V 6252064 INDN:PFF BANCORP INC CO ID: 9659605001 CCD		5300612745
06/11			6,992.72	ADP TX/FINCL SVC DES:ADP — TAX ID:E2Z8V 061223A01 INDN:PFF BANCORP INC CO ID:1223006057 CCD		6100408872
06/17			46.44	ADP PAYROLL FEES DES:ADP — FEES ID:13Z8V 6780442 INDN:PFF BANCORP INC CO ID: 9659605001 CCD		6700940951
06/25			6464.60	ADP TX/FINCL SVC DES ADP — TAX ID E2Z8V 062625A01 INDN:PFF BANCORP INC CO ID: 1223006057 CCD		7500546199
06/30			22.99	FDIC ASSESSMENT

* 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# 19
DALLAS, TEXAS 75283-2406	Last Statement: 05/29/2009
	This Statement: 06/30/2009
	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
05/29		3,111,635.29		3,111,635.29		06/17		3,166,501.61		3,153,143.27
06/01		3,091,114.67		3,091,114.67		06/18		3,166,501.61		3,165,700.11
06/02		3,083,554.67		3,083,554.67		06/19		3,166,501.61		3,166,501.61
06/03		3,083,508.23		3,083,508.23		06/22		3,158,941.61		3,158,941.61
06/09		3,185,787.23		3,075,948.23		06/23		3,158,041.61		3,158,041.61
06/11		3,178,794.51		3,172,204.17		06/25		3,151,577.01		3,151,577.01
06/12		3,178,794.51		3,178,794.51		06/29		2,998,351.79		2,998,351.79
06/15		3,166,548.05		3,153,189.71		06/30		2,985,073.08		2,985,073.08

PFF Bancorp, Inc.
Transaction Detail by Account
June 2009

Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
06/01/2009	General Journal		103			-SPLIT-		-7,560.00		-7,560.00
06/02/2009	General Journal		104			-SPLIT-		-7,747.80		-15,307.80
06/09/2009	General Journal		107			-SPLIT-		-7,560.00		-22,867.80
06/09/2009	General Journal		109			-SPLIT-		-17,336.16		-40,203.96
06/09/2009	General Journal		108			-SPLIT-		109,839.00		69,635.04
06/15/2009	General Journal		110			-SPLIT-		-7,560.00		62,075.04
06/15/2009	General Journal		111			-SPLIT-		-120.51		61,954.53
06/15/2009	General Journal		112			-SPLIT-		13,358.34		75,312.87
06/22/2009	General Journal		113			-SPLIT-		-900.00		74,412.87
06/22/2009	General Journal		114			-SPLIT-		-7,560.00		66,852.87
06/22/2009	General Journal		116			-SPLIT-		-5,695.72		61,157.15
06/23/2009	General Journal		117			-SPLIT-		-23,200.50		37,956.65
06/23/2009	General Journal		119			-SPLIT-		-52,784.44		-14,827.79
06/23/2009	General Journal		118			-SPLIT-		-19,410.00		-34,237.79
06/23/2009	General Journal		120			-SPLIT-		-48,134.30		-82,372.09
06/26/2009	General Journal		115			-SPLIT-		-16,207.02		-98,579.11
06/29/2009	General Journal		121			-SPLIT-		-7,560.00		-106,139.11
06/30/2009	General Journal		126			-SPLIT-		-22.99		-106,162.10
Total for B of A Checking							$	-106,162.10
Bank Charges
06/30/2009	General Journal		126			-SPLIT-		22.99		22.99
Total for Bank Charges							$	22.99
Blank Rome — Expenses
06/23/2009	General Journal		120			-SPLIT-		1,840.30		1,840.30
Total for Blank Rome — Expenses							$	1,840.30
Blank Rome — Fees
06/23/2009	General Journal		120			-SPLIT-		46,294.00		46,294.00
Total for Blank Rome — Fees							$	46,294.00
Contractor — Talbott
06/01/2009	General Journal		103			-SPLIT-		7,560.00		7,560.00
06/09/2009	General Journal		107			-SPLIT-		7,560.00		15,120.00
06/15/2009	General Journal		110					7,560.00		22,680.00
06/22/2009	General Journal		114			-SPLIT-		7,560.00		30,240.00
06/29/2009	General Journal		121			-SPLIT-		7,560.00		37,800.00
Total for Contractor — Talbott							$	37,800.00
JH Cohn — Expenses
06/23/2009	General Journal		117			-SPLIT-		142.10		142.10
06/23/2009	General Journal		119			-SPLIT-		2,974.04		3,116.14
06/23/2009	General Journal		118			-SPLIT-		26.00		3,142.14
Total for JH Cohn — Expenses							$	3,142.14
JH Cohn — Fees
06/23/2009	General Journal		117			-SPLIT-		23,058.40		23,058.40
06/23/2009	General Journal		119			-SPLIT-		49,810.40		72,868.80
06/23/2009	General Journal		118			-SPLIT-		19,384.00		92,252.80
Total for JH Cohn — Fees							$	92,252.80
Kurtzman Carson

Journal Entry Entry #: 103

Date: 06/01/2009

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

Memo: 6/1 — 6/5

Journal Entry Entry #: 104

Date: 06/02/2009

Account	Debit		Credit
Kurtzman Carson		7747.80
B of A Checking				7747.80
Totals		7747.80		7747.80

Memo: 5/22 Invoice

Journal Entry Entry #: 107

Date: 06/09/2009

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

Memo: 6/8 — 12

Journal Entry Entry #: 109

Date: 06/09/2009

Account	Debit		Credit
Payroll		10297.00
Payroll		6992.75
Office Expenses		46.44
B of A Checking				17336.16
Totals		17336.16		17336.16

Memo: Period ended 6/6/09 pay date 6/12

Journal Entry Entry #: 108

Date: 06/09/2009

Account	Debit		Credit
B of A Checking		109839.00
Other Income				109839.00
Totals		109839.00		109839.00

Memo: Policy refunds upon cancellation

Journal Entry Entry #: 110

Date: 06/15/2009

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

Memo: 6/15 — 19

Journal Entry Entry #: 111

Date: 06/15/2009

Account	Debit		Credit
Supplies		120.51
B of A Checking				120.51
Totals		120.51		120.51

Memo: Postage and supplies

Journal Entry Entry #: 112

Date: 06/15/2009

Account	Debit		Credit
B of A Checking		13358.34
Other Income				13358.34
Totals		13358.34		13358.34

Memo: BONY refund

Journal Entry Entry #: 113

Date: 06/22/2009

Account	Debit		Credit
Legal & Professional Fees		900.00
B of A Checking				900.00
Totals		900.00		900.00

Memo: Green Point Financial Census preparation

Journal Entry Entry #: 114

Date: 06/22/2009

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

Memo: 6/22 — 26

Journal Entry Entry #: 116

Date: 06/22/2009

Account	Debit		Credit
Kurtzman Carson		5695.72
B of A Checking				5695.72
Totals		5695.72		5695.72

Memo: Services 5/1 — 5/31

Journal Entry Entry #: 117

Date: 06/23/2009

Account	Debit		Credit
JH Cohn — Fees		23058.40
JH Cohn — Expenses		142.10
B of A Checking				23200.50
Totals		23200.50		23200.50

Memo: First Application 12/22/08 — 1/31/09

Journal Entry Entry #: 118

Date: 06/23/2009

Account	Debit		Credit
JH Cohn — Fees		19384.00
JH Cohn — Expenses		26.00
B of A Checking				19410.00
Totals		19410.00		19410.00

Memo: Second Application 2/1 — 2/28/09

Journal Entry Entry #: 120

Date: 06/23/2009

Account	Debit		Credit
Blank Rome — Fees		46294.00
Blank Rome — Expenses		1840.30
B of A Checking				48134.30
Totals		48134.30		48134.30

Memo: First application 12/19/08 — 1/31/09

Journal Entry Entry #: 115

Date: 06/26/2009

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

Memo: Payroll period ended 6/20 pay date 6/26

Journal Entry Entry #: 121

Date: 06/29/2009

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

Memo: 6/29 — 7/3

Journal Entry Entry #: 126

Date: 06/30/2009

Account	Debit		Credit
Bank Charges		22.99
B of A Checking				22.99
Totals		22.99		22.99

Memo: June svc chg

In re PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 6/1/09 — 6/30/09

STATEMENT OF OPERATIONS
(Income Statement)

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

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

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

PFF Bancorp, Inc.
Profit & Loss
June 2009

	Total
Income
Total Income
Expenses
Bank Charges		22.99
Blank Rome — Expenses		1,840.30
Blank Rome — Fees		46,294.00
Contractor — Talbott		37,800.00
JH Cohn — Expenses		3,142.14
JH Cohn — Fees		92,252.80
Kurtzman Carson		13,443.52
Legal & Professional Fees		900.00
Office Expenses		92.88
Payroll		33,450.30
Supplies		120.51
Total Expenses	$	229,359.44
Net Operating Income	$	-229,359.44
Other Income
Other Income		123,197.34
Total Other Income	$	123,197.34
Net Other Income	$	123,197.34
Net Income	$	-106,162.10

PFF Bancorp, Inc.
Profit & Loss
December 5, 2008 — June 30, 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		317.03
Blank Rome — Expenses		1,840.30
Blank Rome — Fees		46,294.00
Contractor — Talbott		226,800.00
Interest Expense		0.99
JH Cohn — Expenses		3,142.14
JH Cohn — Fees		92,252.80
Kurtzman Carson		91,929.23
Legal & Professional Fees		199,365.25
Office Expenses		15,401.43
Payroll		243,156.66
PHJW Expenses		5,703.37
PHJW Fees		243,077.60
Postage		182.78
Progressive Reimb		-202,416.95
Supplies		330.36
Taxes & Licenses		1,323.23
Travel		8,067.67
US Trustee		5,524.01
Total Expenses	$	982,291.90
Net Operating Income	$	-961,728.90
Other Income
Other Income		125,750.46
Total Other Income	$	125,750.46
Other Expenses
Miscellaneous		2,000.00
Total Other Expenses	$	2,000.00
Net Other Income	$	123,750.46
Net Income	$	-837,978.44

In re PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 6/1/09 — 6/30/09

BALANCE SHEET

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

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

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

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

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

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		2,704,742.13
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	$	4,404,742.13
Total Current Assets	$	4,404,742.13
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	$	159,238,422.91

	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		-840,413.19
Total Equity	$	41,808,366.91
TOTAL LIABILITIES AND EQUITY	$	159,238,422.91

In re PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 6/1/09 — 6/30/09

STATUS OF POSTPETITION TAXES

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

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

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

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						NONE
Taxes Payable						NONE
Rent/Leases-Building						NONE
Rent/Leases-Equipment						NONE
Secured Debt/Adequate Protection Payments						NONE
Professional Fees						NONE
Amounts Due to Insiders*						NONE
Other:						NONE
Other:						NONE
Total Postpetition Debts						NONE

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: June 1, 2009 — June 30, 2009

Explanation

Listing of Aged Accounts Payable

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

In re	PFF Bancorp, Inc.
	Debtor

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

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

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
IN THE DISTRICT OF DELAWARE

In re Diversified Builder Services, Inc.	Case No. 08-13129
	Reporting Period: 6/1/09 — 6/30/09

MONTHLY OPERATING REPORT

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

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

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

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

Signature of Debtor Date	Date
Signature of Joint Debtor	Date
/s/ Kevin McCarthySignature of Authorized Individual*	7/21/09Date
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 Diversified Builder Services, Inc.	Case No. 08-13129
	Reporting Period: 6/1/09 — 6/30/09

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

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

											CUMULATIVE
	BANK ACCOUNTS						CURRENT MONTH				FILING TO DATE
	OPER.			PAYROLL	TAX	OTHER	ACTUAL			PROJECTED	ACTUAL		PROJECTED
CASH BEGINNING OF MONTH	$	1,412,286.21					$	1,412,286.21			$	1,186,035.00
RECEIPTS
CASH SALES
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS											$	227,179.23
OTHER (ATTACH LIST)
TRANSFERS (FROM DIP ACCTS)
TOTAL RECEIPTS											$	227,179.23
DISBURSEMENTS
NET PAYROLL
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES
INSURANCE
ADMINISTRATIVE	$	35.87					$	35.87			$	214.31
SELLING
OTHER (ATTACH LIST)											$	99.34
OWNER DRAW*
TRANSFERS (TO DIP ACCTS)
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES											$	650.24
COURT COSTS
TOTAL DISBURSEMENTS	$	35.87					$	35.87			$	963.89
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	(35.87	)				$	(35.87	)		$	226,215.34
CASH — END OF MONTH	$	1,412,250.34					$	1,412,250.34			$	1,412,250.34

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	35.87
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	$	35.87

Account ******9188

Account Name Diversified Builder Services, Inc.

Reconciliation As of Date 6/30/09

Balance per Bank			$	1,412,275.34
Deposits in Transit
Date	Amount
Total
Outstanding Checks
Check #	Amount
1004	$	25.00
Total			$	(25.00	)
Other (List)
Balance per Books			$	1,412,250.34

In re Diversified Builder Services, Inc.	Case No. 08-13129
	Reporting Period: 6/1/09 — 6/30/09

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

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

FORM MOR-1b
(04/07)

Bank of America LOGO	Account Number ******9188
	01 01 152 01 M0000 E# 1
CUSTOMER CONNECTION	Last Statement: 05/29/2009
BANK OF AMERICA, N.A.	This Statement: 06/30/2009
DALLAS, TEXAS 75283-2406
	Customer Service 1-800-342-7722
DIVERSIFIED BUILDER SERVICES, INC.
DEBTOR IN POSSESSION 08-13129
OPERATING ACCOUNT
1490 N CLAREMONT BLVD.	Page 1 of 2
CLAREMONT CA 91711
	Bankruptcy Case Number: 0813129

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	05/30/2009 – 06/30/2009	Statement Beginning Balance	1,412,286.45
Number of Deposits/Credits	0	Amount of Deposits/Credits	.00
Number of Checks	1	Amount of Checks	.24
Number of Other Debits	1	Amount of Other Debits	10.87
		Statement Ending Balance	1,412,275.34
Number of Enclosures	1
		Service Charge	10.87

Withdrawals and Debits

Checks

Check			Date		Bank		Check		Date	Bank
Number	Amount		Posted		Reference		Number	Amount	Posted	Reference
1003		.24		06/01		6692020735

Other Debits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
06/30			10.87	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
05/29		1,412,286.45		1,412,286.45		06/30		1,412,275.34		1,412,275.34
06/01		1,412,286.21		1,412,286.21

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

Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
06/01/2009	General Journal		12			-SPLIT-		-25.00		-25.00
06/30/2009	General Journal		17			-SPLIT-		-10.87		-35.87
Total for B of A Checking							$	-35.87
Bank Charges
06/30/2009	General Journal		17			-SPLIT-		10.87		10.87
Total for Bank Charges							$	10.87
Tax & Licenses
06/01/2009	General Journal		12			-SPLIT-		25.00		25.00
Total for Tax & Licenses							$	25.00

Journal Entry Entry #: 12

Date: 06/01/2009

Account	Debit		Credit
Tax & Licenses		25.00
B of A Checking				25.00
Totals		25.00		25.00

Memo: Stmt of Information Filing Fee

Journal Entry Entry #: 17

Date: 06/30/2009

Account	Debit		Credit
Bank Charges		10.87
B of A Checking				10.87
Totals		10.87		10.87

Memo: June B of A

In re Diversified Builder Services, Inc.	Case No. 08-13129
	Reporting Period: 6/1/09 — 6/30/09

STATEMENT OF OPERATIONS
(Income Statement)

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

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

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

Diversified Builder Services, Inc.
Profit & Loss
June 2009

	Total
Income
Total Income
Expenses
Bank Charges		10.87
Taxes & Licenses		25.00
Total Expenses	$	35.87
Net Operating Income	$	-35.87
Net Income	$	-35.87

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

	Total
Income
Lafferty Tax Refunds		227,179.23
Total Income	$	227,179.23
Expenses
Bank Charges		189.31
Tax & Licenses		25.00
U.S. Trustee		650.24
Total Expenses	$	864.55
Net Operating Income	$	226,314.68
Other Income
Other Income		-99.34
Total Other Income	$	-99.34
Net Other Income	$	-99.34
Net Income	$	226,215.34

In re Diversified Builder Services, Inc.	Case No. 08-13129
	Reporting Period: 6/1/09 — 6/30/09

BALANCE SHEET

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

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

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

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

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

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		1,412,250.34
PFF Checking		0.00
PFF Checking — 10102		0.00
Total Bank Accounts	$	1,412,250.34
Total Current Assets	$	1,412,250.34
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	$	-1,675,023.66
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		226,215.34
Total Equity	$	-16,612,236.66
TOTAL LIABILITIES AND EQUITY	$	-1,675,023.66

In re Diversified Builder Services, Inc.	Case No. 08-13129
	Reporting Period: 6/1/09 — 6/30/09

STATUS OF POSTPETITION TAXES

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

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

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						NONE
Taxes Payable						NONE
Rent/Leases-Building						NONE
Secured Debt/Adequate Protection Payments						NONE
Professional Fees						NONE
Amounts Due to Insiders*						NONE
Other:						NONE
Other:						NONE
Total Postpetition Debts						NONE

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: June 1, 2009 — June 30, 2009

Explanation

Listing of Aged Accounts Payable

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

In re	Diversified Builder Services, Inc.
	Debtor

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
IN THE DISTRICT OF DELAWARE

In re Glencrest Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: 6/1/09 — 6/30/09

MONTHLY OPERATING REPORT

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

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

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

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

Signature of Debtor	Date
Signature of Joint Debtor	Date
/s/ Kevin McCarthySignature of Authorized Individual*	7/21/09Date
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 Glencrest Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: 6/1/09 — 6/30/09

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

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

									CUMULATIVE
	BANK ACCOUNTS					CURRENT MONTH			FILING TO DATE
	OPER.		PAYROLL	TAX	OTHER	ACTUAL		PROJECTED	ACTUAL		PROJECTED
CASH BEGINNING OF MONTH	$	64,867.42				$	64,867.42		$	44,046.24
RECEIPTS
CASH SALES	$	7,896.57				$	7,896.57		$	29,196.12
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS									$	307.22
OTHER (ATTACH LIST)
TRANSFERS (FROM DIP ACCTS)
TOTAL RECEIPTS	$	7,896.57				$	7,896.57		$	29,503.24
DISBURSEMENTS
NET PAYROLL
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES
INSURANCE
ADMINISTRATIVE	$	25.56				$	25.56		$	160.91
SELLING
OTHER (ATTACH LIST)
OWNER DRAW*
TRANSFERS (TO DIP ACCTS)
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES									$	650.24
COURT COSTS
TOTAL DISBURSEMENTS	$	25.56				$	25.56		$	811.15
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	7,871.01				$	7,871.01		$	28,692.19
CASH — END OF MONTH	$	72,738.43				$	72,738.43		$	72,738.43

* 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	$	25.56
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	$	25.56

Account ******8202

Account Name Glencrest Insurance Services, Inc.

Reconciliation As of Date 6/30/09

Balance per Bank			$	72,763.43
Deposits in Transit
Date	Amount
Total
Outstanding Checks
Check #	Amount
1004	$	25.00
Total			$	(25.00	)
Other (List)
Balance per Books			$	72,738.43

In re Glencrest Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: 6/1/09 — 6/30/09

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

This schedule is to include all retained professional payments from case inception to current month.

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

FORM MOR-1b
(04/07)

Bank of America LOGO	Account Number ******8202 01 01 152 01 M0000 E# 1
CUSTOMER CONNECTION	Last Statement: 05/29/2009
BANK OF AMERICA, N.A.	This Statement: 06/30/2009
DALLAS, TEXAS 75283-2406
	Customer Service 1-800-342-7722
GLENCREST INSURANCE SERVICES, INC.
DEBTOR IN POSSESSION 08-13131
1490 N CLAREMONT BLVD, SUITE 100	Page 1 of 2
CLAREMONT CA 91711
	Bankruptcy Case Number: 0813131

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	05/30/2009 – 06/30/2009	Statement Beginning Balance	64,867.66
Number of Deposits/Credits	5	Amount of Deposits/Credits	7,896.57
Number of Checks	1	Amount of Checks	.24
Number of Other Debits	1	Amount of Other Debits	.56
		Statement Ending Balance	72,763.43
Number of Enclosures	1
		Service Charge	.56

Deposits and Credits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
06/02			28.17	CA BANKING CENTER DEPOSIT		27860646013_
06/09			5,114.56	CA BANKING CENTER DEPOSIT		23530546094_
06/15			726.87	CA BANKING CENTER DEPOSIT		27860636001_
06/22			184.24	CA BANKING CENTER DEPOSIT		25400536099_
06/30			1,842.73	CA BANKING CENTER DEPOSIT		25400536038_

Withdrawals and Debits

Checks

Check			Date		Bank		Check		Date	Bank
Number	Amount		Posted		Reference		Number	Amount	Posted	Reference
1003		.24		06/01		6692020711

Other Debits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
06/30			.56	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
05/29		64,867.66		64,867.66		06/15		70,737.02		70,010.15
06/01		64,867.42		64,867.42		06/18		70,737.02		70,693.41
06/02		64,895.59		64,867.42		06/19		70,737.02		70,737.02
06/05		64,895.59		64,893.90		06/22		70,921.26		70,737.02
06/08		64,895.59		64,895.59		06/25		70,921.26		70,910.21
06/09		70,010.15		64,895.59		06/26		70,921.26		70,921.26
06/12		70,010.15		69,703.29		06/30		72,763.43		70,920.70

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

Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
06/02/2009	General Journal		40			-SPLIT-		28.17		28.17
06/09/2009	General Journal		41			-SPLIT-		5,114.56		5,142.73
06/15/2009	General Journal		43			-SPLIT-		726.87		5,869.60
06/16/2009	General Journal		44			-SPLIT-		-25.00		5,844.60
06/22/2009	General Journal		45			-SPLIT-		184.24		6,028.84
06/30/2009	General Journal		46			-SPLIT-		1,842.73		7,871.57
06/30/2009	General Journal		48			-SPLIT-		-0.56		7,871.01
Total for B of A Checking							$	7,871.01
Fees Billed
06/02/2009	General Journal		40			-SPLIT-		28.17		28.17
06/09/2009	General Journal		41			-SPLIT-		5,114.56		5,142.73
06/15/2009	General Journal		43			-SPLIT-		726.87		5,869.60
06/22/2009	General Journal		45			-SPLIT-		184.24		6,053.84
06/30/2009	General Journal		46			-SPLIT-		1,842.73		7,896.57
Total for Fees Billed							$	7,896.57
Bank Charges
06/30/2009	General Journal		48			-SPLIT-		0.56		0.56
Total for Bank Charges							$	0.56
Taxes & Licenses
06/16/2009	General Journal		44			-SPLIT-		25.00		25.00
Total for Taxes & Licenses							$	25.00

Journal Entry Entry #: 40

Date: 06/02/2009

Account	Debit		Credit
B of A Checking		28.17
Fees Billed				28.17
Totals		28.17		28.17
Memo: Long Term Preferred Care

Journal Entry Entry #: 41

Date: 06/09/2009

Account	Debit		Credit
B of A Checking		5114.56
Fees Billed				5114.56
Totals		5114.56		5114.56
Memo: Affinion $5,014.23 + MN Life $100.33

Journal Entry Entry #: 43

Date: 06/15/2009

Account	Debit		Credit
B of A Checking		726.87
Fees Billed				726.87
Totals		726.87		726.87
Memo: Principal — $657.01 + Minnesota Life — $69.86

Journal Entry Entry #: 44

Date: 06/16/2009

Account	Debit		Credit
Taxes & Licenses		25.00
B of A Checking				25.00
Totals		25.00		25.00

Memo: CA Sect’y of State annual filing fee

Journal Entry Entry #: 45

Date: 06/22/2009

Account	Debit		Credit
B of A Checking		184.24
Fees Billed				184.24
Totals		184.24		184.24

Memo: Transamerica

Journal Entry Entry #: 46

Date: 06/30/2009

Account	Debit		Credit
B of A Checking		1842.73
Fees Billed				1842.73
Totals		1842.73		1842.73

Memo: John Hancock

Journal Entry Entry #: 48

Date: 06/30/2009

Account	Debit		Credit
Bank Charges		0.56
B of A Checking				0.56
Totals		0.56		0.56

Memo: B of A — June

In re Glencrest Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: 6/1/09 — 6/30/09

STATEMENT OF OPERATIONS
(Income Statement)

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

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

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

Glencrest Insurance Services, Inc.
Profit & Loss
June 2009

	Total
Income
Fees Billed		7,896.57
Total Income	$	7,896.57
Expenses
Bank Charges		0.56
Taxes & Licenses		25.00
Total Expenses	$	25.56
Net Operating Income	$	7,871.01
Net Income	$	7,871.01

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

	Total
Income
Fees Billed		29,196.12
Total Income	$	29,196.12
Expenses
Bank Charges		135.91
Taxes & Licenses		25.00
U.S. Trustee		650.24
Total Expenses	$	811.15
Net Operating Income	$	28,384.97
Other Income
Other Income		307.22
Total Other Income	$	307.22
Net Other Income	$	307.22
Net Income	$	28,692.19

In re Glencrest Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: 6/1/09 — 6/30/09

BALANCE SHEET

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

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

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

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

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

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		72,738.43
Operating Acct		0.00
PFF Checking		1.00
Total Bank Accounts	$	72,738.43
Total Current Assets	$	72,738.43
Other Assets
Prepaid Expenses and Other Assets		36,194.00
Property & Equipment		16,201.00
Total Other Assets	$	52,395.00
TOTAL ASSETS	$	125,133.43
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		28,692.19
Total Equity	$	89,261.43
TOTAL LIABILITIES AND EQUITY	$	125,133.43

In re Glencrest Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: 6/1/09 — 6/30/09

STATUS OF POSTPETITION TAXES

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

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

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						NONE
Taxes Payable						NONE
Rent/Leases-Building						NONE
Rent/Leases-Equipment						NONE
Secured Debt/Adequate Protection Payments						NONE
Professional Fees						NONE
Amounts Due to Insiders*						NONE
Other: ________________						NONE
Other: ________________						NONE
Total Postpetition Debts						NONE

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: June 1, 2009 — June 30, 2009

Explanation

Listing of Aged Accounts Payable

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

In re	Glencrest Insurance Services, Inc.
	Debtor

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

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

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
IN THE DISTRICT OF DELAWARE

In re Glencrest Investment Advisors, Inc.	Case No. 08-13128
	Reporting Period: 6/1/09 — 6/30/09

MONTHLY OPERATING REPORT

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

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

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

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

Signature of Debtor	Date
Signature of Joint Debtor	Date
/s/ Kevin McCarthy	7/21/09
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 Glencrest Investment Advisors, Inc.	Case No. 08-13128
	Reporting Period: 6/1/09 — 6/30/09

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

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

									CUMULATIVE
	BANK ACCOUNTS					CURRENT MONTH			FILING TO DATE
	OPER.		PAYROLL	TAX	OTHER	ACTUAL		PROJECTED	ACTUAL		PROJECTED
CASH BEGINNING OF MONTH	$	87,491.44				$	87,491.44		$	31,278.00
RECEIPTS
CASH SALES	$	5.67				$	5.67		$	407.02
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS	$	12,450.00				$	12,450.00		$	23,977.00
OTHER (ATTACH LIST)1	$	4,981.50				$	4,981.50		$	36,839.70
TRANSFERS (FROM DIP ACCTS)
TOTAL RECEIPTS	$	17,437.17				$	17,437.17		$	257,251.64
DISBURSEMENTS
NET PAYROLL									$	27,609.67
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES	$	5,162.00				$	5,162.00		$	121,126.68
INSURANCE
ADMINISTRATIVE	$	8,139.56				$	8,139.56		$	42,421.00
SELLING
OTHER (ATTACH LIST)
OWNER DRAW*
TRANSFERS (TO DIP ACCTS)									$	4,445.00
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES									$	1,300.24
COURT COSTS
TOTAL DISBURSEMENTS	$	13,301.56				$	13,301.56		$	196,902.59
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	4,135.61				$	4,135.61		$	60,349.05
CASH — END OF MONTH	$	91,627.05				$	91,627.05		$	91,627.05

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

1 CA Financial Partners — May Fees	$	341.44
Sub-Rent — Palm Desert	$	3,939.33
Refund of prepaid utility charges	$	700.73
		4,981.50

THE FOLLOWING SECTION MUST BE COMPLETED

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	4,135.61
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	$	4,135.61

Account ******9162

Account Name Glencrest Investment Advisors, Inc.

Reconciliation As of Date 6/30/09

Balance per Bank			$	94,132.46
Deposits in Transit
Date	Amount
Total
Outstanding Checks
Check #	Amount
1086	$	25.00
1087	$	2,480.41
Total			$	(2,505.41	)
Other (List)
Balance per Books			$	91,627.05

In re Glencrest Investment Advisors, Inc.	Case No. 08-13128
	Reporting Period: 6/1/09 — 6/30/09

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

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

FORM MOR-1b
(04/07)

Bank of America LOGO	Account Number ******9162
	01 01 152 01 M0000 E# 10
CUSTOMER CONNECTION	Last Statement: 05/29/2009
BANK OF AMERICA, N.A.	This Statement: 06/30/2009
DALLAS, TEXAS 75283-2406
	Customer Service 1-800-342-7722
GLENCREST INVESTMENT ADVISORS, INC.
DEBTOR IN POSSESSION 08-13128
OPERATING ACCOUNT	Page 1 of 3
1490 N CLAREMONT BLVD, SUITE 100
CLAREMONT CA 91711	Bankruptcy Case Number: 0813128

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	05/30/2009 – 06/30/2009	Statement Beginning Balance	103,224.40
Number of Deposits/Credits	6	Amount of Deposits/Credits	17,437.17
Number of Checks	10	Amount of Checks	26,513.39
Number of Other Debits	2	Amount of Other Debits	15.72
		Statement Ending Balance	94,132.46
Number of Enclosures	10
		Service Charge	15.72

Deposits and Credits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
06/02			700.73	CA BANKING CENTER DEPOSIT		2786064601305
06/03			8,750.00	CA BANKING CENTER DEPOSIT		2353062604077
06/09			341.44	CA BANKING CENTER DEPOSIT		2353054609496
06/09			3,939.33	CA BANKING CENTER DEPOSIT		2353054609496
06/15			3,700.00	CA BANKING CENTER DEPOSIT		2786063600110
06/17			5.67	CREDIT 000375559162 006360011096 EFFECTIVE 061609		034800819
				Effective Date is 06/16/2009

Withdrawals and Debits

Checks

Check			Date		Bank		Check				Date		Bank
Number	Amount		Posted		Reference		Number		Amount		Posted		Reference
1076		650.24		06/01		6692020721		1081		830.15		06/11		7492513105
1077		15,025.78		06/03		7392221130		1082		2,269.71		06/15		8192504509
1078		70.00		06/08		6492538825		1083		1,728.87		06/18		8192022893
1079		5,162.00		06/24		7712755897		1084		49.52		06/25		6892181913
1080		45.00		06/15		6192554828		1085		682.12		06/18		7192763675

Other Debits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
06/03			15.00	CHECK ORDER FEE		098200002
06/30			.72	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
05/29		103,224.40		103,224.40		06/08		96,914.11		96,914.11
06/01		102,574.16		102,574.16		06/09		101,194.88		96,914.11
06/02		103,274.89		102,574.16		06/10		101,194.88		100,617.09
06/03		96,984.11		87,533.38		06/11		100,364.73		100,023.29
06/04		96,984.11		95,758.38		06/12		100,364.73		100,344.25
06/05		96,984.11		96,942.07		06/15		101,750.02		98,050.02

	Account Number ******9162
CUSTOMER CONNECTION	01 01 152 01 M0000 E# 10
BANK OF AMERICA, N.A.	Last Statement: 05/29/2009
DALLAS, TEXAS 75283-2406	This Statement: 06/30/2009
	Customer Service 1-800-342-7722
GLENCREST INVESTMENT ADVISORS, INC.
	Page 2 of 3
	Bankruptcy Case Number: 0813128

CUSTOMER CONNECTION ECONOMY CHECKING

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
06/16		101,755.69		101,533.69		06/24		94,182.70		94,182.70
06/17		101,755.69		101,755.69		06/25		94,133.18		94,133.18
06/18		99,344.70		99,344.70		06/30		94,132.46		94,132.46

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

Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
06/01/2009	General Journal		136			-SPLIT-		-70.00		-70.00
06/02/2009	General Journal		137			-SPLIT-		700.73		630.73
06/03/2009	General Journal		138			-SPLIT-		8,750.00		9,380.73
06/04/2009	General Journal		139			-SPLIT-		-5,162.00		4,218.73
06/09/2009	General Journal		140			-SPLIT-		3,939.33		8,158.06
06/09/2009	General Journal		143			-SPLIT-		-830.15		7,327.91
06/09/2009	General Journal		144			-SPLIT-		-45.00		7,282.91
06/09/2009	General Journal		142			-SPLIT-		-2,269.71		5,013.20
06/09/2009	General Journal		141			-SPLIT-		341.44		5,354.64
06/10/2009	General Journal		145			-SPLIT-		-1,728.87		3,625.77
06/15/2009	General Journal		147			-SPLIT-		3,700.00		7,325.77
06/15/2009	General Journal		148			-SPLIT-		5.67		7,331.44
06/15/2009	General Journal		150			-SPLIT-		-682.12		6,649.32
06/15/2009	General Journal		149			-SPLIT-		-49.52		6,599.80
06/16/2009	General Journal		151			-SPLIT-		-25.00		6,574.80
06/16/2009	General Journal		168R			-SPLIT-		-5.67		6,569.13
06/16/2009	General Journal		168			-SPLIT-		5.67		6,574.80
06/30/2009	General Journal		152			-SPLIT-		-2,480.41		4,094.39
06/30/2009	General Journal		165			-SPLIT-		-15.72		4,078.67
06/30/2009	General Journal		169			-SPLIT-		56.94		4,135.61
Total for B of A Checking							$	4,135.61
Prepaid Rent — Claremont
06/01/2009	General Journal		133			-SPLIT-		-15,025.78		-15,025.78
06/01/2009	General Journal		135			-SPLIT-		15,025.78		0.00
Total for Prepaid Rent — Claremont							$	0.00
Prepaid Rent & CAM — Claremont
06/01/2009	General Journal		135			-SPLIT-		-15,025.78		-15,025.78
Total for Prepaid Rent & CAM — Claremont							$	-15,025.78
CA Financial Ptnr Income
06/09/2009	General Journal		141			-SPLIT-		341.44		341.44
Total for CA Financial Ptnr Income							$	341.44
Fees Billed
06/15/2009	General Journal		148			-SPLIT-		5.67		5.67
Total for Fees Billed							$	5.67
Misc Asset Sales — Claremont
06/03/2009	General Journal		138			-SPLIT-		8,750.00		8,750.00
06/15/2009	General Journal		147			-SPLIT-		3,700.00		12,450.00
Total for Misc Asset Sales — Claremont							$	12,450.00
Rental Income Palm Desert
06/09/2009	General Journal		140			-SPLIT-		3,939.39		3,939.39
Total for Rental Income Palm Desert							$	3,939.39
Bank Charges
06/30/2009	General Journal		165			-SPLIT-		15.72		15.72
Total for Bank Charges							$	15.72
I 365 Data Storage
06/09/2009	General Journal		142			-SPLIT-		2,269.71		2,269.71

Journal Entry Entry #: 136

Date: 06/01/2009

Account	Debit		Credit
Office Expenses		70.00
B of A Checking				70.00
Totals		70.00		70.00

Memo: Alarm monitoring — Claremont

Journal Entry Entry #: 137

Date: 06/02/2009

Account	Debit		Credit
B of A Checking		700.73
Utilities — Siemens				700.73
Totals		700.73		700.73

Memo: Refund of prepaid charges

Journal Entry Entry #: 138

Date: 06/03/2009

Account	Debit		Credit
B of A Checking		8750.00
Misc Asset Sales — Claremont				8750.00
Totals		8750.00		8750.00

Memo: 4 oil paintings + watercolor

Journal Entry Entry #: 139

Date: 06/04/2009

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

Memo: June rent

Journal Entry Entry #: 140

Date: 06/09/2009

Account	Debit		Credit
B of A Checking		3939.33
Rental Income Palm Desert				3939.33
Totals		3939.33		3939.33

Memo: May rent

Journal Entry Entry #: 143

Date: 06/09/2009

Account	Debit		Credit
Utilities — SCE		830.15
B of A Checking				830.15
Totals		830.15		830.15

Memo: 5/4 — 6/3/09

Journal Entry Entry #: 144

Date: 06/09/2009

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

Memo: Cintas service minimum

Journal Entry Entry #: 142

Date: 06/09/2009

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

Memo: May data storage

Journal Entry Entry #: 141

Date: 06/09/2009

Account	Debit		Credit
B of A Checking		341.44
CA Financial Ptnr Income				341.44
Totals		341.44		341.44

Memo: May

Journal Entry Entry #: 145

Date: 06/10/2009

Account	Debit		Credit
I 365 Data Storage		1728.87
B of A Checking				1728.87
Totals		1728.87		1728.87

Memo: Data storage 12/6 — 31/08

Journal Entry Entry #: 147

Date: 06/15/2009

Account	Debit		Credit
B of A Checking		3700.00
Misc Asset Sales — Claremont				3700.00
Totals		3700.00		3700.00

Memo: V-Tek — sale of servers

Journal Entry Entry #: 148

Date: 06/15/2009

Account	Debit		Credit
B of A Checking		5.67
Fees Billed				5.67
Totals		5.67		5.67

Memo: 1st Mercantile

Journal Entry Entry #: 150

Date: 06/15/2009

Account	Debit		Credit
Utilities — Phone and Data		682.12
B of A Checking				682.12
Totals		682.12		682.12

Memo: Verizon voice 5/16 — 6/16

Journal Entry Entry #: 149

Date: 06/15/2009

Account	Debit		Credit
Utilities — Gas Co		49.52
B of A Checking				49.52
Totals		49.52		49.52

Memo: 5/4 — 6/3

Journal Entry Entry #: 151

Date: 06/16/2009

Account	Debit		Credit
Tax & Licenses		25.00
B of A Checking				25.00
Totals		25.00		25.00

Memo: CA Sect’y of State annual filing fee

Journal Entry Entry #: 152

Date: 06/30/2009

Account	Debit		Credit
Taxes & Licenses		2480.41
B of A Checking				2480.41
Totals		2480.41		2480.41

Memo: LA Co personal property tax 7/1/09 — 6/30/10

Journal Entry Entry #: 165

Date: 06/30/2009

Account	Debit		Credit
Bank Charges		15.72
B of A Checking				15.72
Totals		15.72		15.72

Memo: June B of A

Journal Entry Entry #: 168

Date: 06/16/2009

Account	Debit		Credit
B of A Checking		5.67
Other Income				5.67
Totals		5.67		5.67

Memo: Credit to B of A

Journal Entry Entry #: 168R

Date: 06/16/2009

Account	Debit		Credit
B of A Checking				5.67
Other Income		5.67
Totals		5.67		5.67

Memo: Reverse of JE 168 — Credit to B of A

Journal Entry Entry #: 169

Date: 06/30/2009

Account	Debit		Credit
B of A Checking		56.94
Other General and Admin Expenses				56.94
Totals		56.94		56.94

Memo: Reverse ADP charge from May

In re Glencrest Investment Advisors, Inc.	Case No. 08-13128
	Reporting Period: 6/1/09 — 6/30/09

STATEMENT OF OPERATIONS
(Income Statement)

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

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

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

Glencrest Investment Advisors, Inc.
Profit & Loss
June 2009

	Total
Income
CA Financial Ptnr Income		341.44
Fees Billed		5.67
Misc Asset Sales — Claremont		12,450.00
Rental Income Palm Desert		3,939.33
Total Income	$	16,736.44
Expenses
Bank Charges		15.72
I 365 Data Storage		3,998.58
Office Expenses		115.00
Other General and Admin Expenses		-56.94
Rent — Claremont		15,025.78
Rent — Palm Desert		5,162.00
Taxes & Licenses		2,505.41
Utilities — Gas Co		49.52
Utilities — Phone and Data		682.12
Utilities — SCE		830.15
Utilities — Siemens		-700.73
Total Expenses	$	27,626.61
Net Operating Income	$	-10,890.17
Other Income
Other Income		0.00
Total Other Income	$	0.00
Net Other Income	$	0.00
Net Income	$	-10,890.17

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

	Total
Income
Ameritrade Close Out		22,111.54
CA Financial Ptnr Income		2,519.55
Fees Billed		20.81
Misc Asset Sales — Claremont		23,977.00
Rental Income Palm Desert		23,636.04
Sublease — PFF		6,279.10
Trailer Income		3,263.56
Total Income	$	81,807.60
Expenses
Bank Charges		200.21
Computek I.T.		1,275.00
I 365 Data Storage		13,942.51
Janitorial — Claremont		1,720.00
Janitorial — Palm Desert		560.00
Legal & Professional Fees		-7,097.45
Office Expenses		3,189.42
Other General and Admin Expenses		4,141.78
Payroll Expenses		27,603.90
Rent — Claremont		90,154.68
Rent — Palm Desert		30,972.00
Supplies		-233.34
Taxes & Licenses		2,505.41
U.S. Trustee		1,300.24
Utilities		2,500.98
Utilities — Gas Co		1,276.49
Utilities — Phone and Data		11,534.05
Utilities — SCE		4,759.87
Utilities — Siemens		848.52
Utilities — Water		15.14
Total Expenses	$	191,169.41
Net Operating Income	$	-109,361.81
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	$	-102,890.33

In re Glencrest Investment Advisors, Inc.	Case No. 08-13128
	Reporting Period: 6/1/09 — 6/30/09

BALANCE SHEET

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

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

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

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

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

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		91,627.05
PFF Checking		0.00
Prepaid Rent — Claremont		0.00
Total Bank Accounts	$	91,627.05
Total Current Assets	$	91,627.05
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		0.00
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	$	640,098.92
TOTAL ASSETS	$	731,725.97
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		-102,890.33
Total Equity	$	669,409.97
TOTAL LIABILITIES AND EQUITY	$	731,725.97

In re Glencrest Investment Advisors, Inc.	Case No. 08-13128
	Reporting Period: 6/1/09 — 6/30/09

STATUS OF POSTPETITION TAXES

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

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

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						NONE
Taxes Payable						NONE
Rent/Leases-Building						NONE
Secured Debt/Adequate Protection Payments						NONE
Professional Fees						NONE
Amounts Due to Insiders*						NONE
Other:						NONE
Other:						NONE
Total Postpetition Debts						NONE

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: June 1, 2009 — June 30, 2009

Explanation

Listing of Aged Accounts Payable

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

In re	Glencrest Investment Advisors, Inc.
	Debtor

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

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

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	1
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 Sale of furniture and equipment — $12,450.00.

UNITED STATES BANKRUPTCY COURT
IN THE DISTRICT OF DELAWARE

In re PFF Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: 6/1/09 — 6/30/09

MONTHLY OPERATING REPORT

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

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

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

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

Signature of Debtor	Date
Signature of Joint Debtor	Date
/s/ Kevin McCarthy	7/21/09
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 PFF Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: 6/1/09 — 6/30/09

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

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

											CUMULATIVE
	BANK ACCOUNTS						CURRENT MONTH				FILING TO DATE
	OPER.			PAYROLL	TAX	OTHER	ACTUAL			PROJECTED	ACTUAL		PROJECTED
CASH BEGINNING OF MONTH	$	24,992.84					$	24,992.84			$	25,725.04
RECEIPTS
CASH SALES
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS
OTHER (ATTACH LIST)
TRANSFERS (FROM DIP ACCTS)
TOTAL RECEIPTS
NET PAYROLL
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES
INSURANCE
ADMINISTRATIVE	$	.19					$	.19					$	82.15
SELLING
OTHER (ATTACH LIST)
OWNER DRAW*
TRANSFERS (TO DIP ACCTS)
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES													$	650.24
COURT COSTS
TOTAL DISBURSEMENTS	$	.19					$	.19					$	732.39
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	(.19	)				$	(.19	)				$	(732.39	)
CASH — END OF MONTH	$	24,992.65					$	24,992.65					$	24,992.65

* 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	$	.19
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS	$
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)	$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	.19

Account ******8192

Account Name PFF Real Estate Services, Inc.

Reconciliation As of Date 6/30/09

Balance per Bank		$	24,992.65
Deposits in Transit
Date	Amount
Total
Outstanding Checks
Check #	Amount
Total
Other (List)
Balance per Books		$	24,992.65

In re PFF Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: 6/1/09 — 6/30/09

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

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

FORM MOR-1b
(04/07)

Bank of America LOGO
	Account Number ******8192
CUSTOMER CONNECTION	01 01 152 01 M0000 E# 1
BANK OF AMERICA, N.A.	Last Statement: 05/29/2009
DALLAS, TEXAS 75283-2406	This Statement: 06/30/2009
	Customer Service 1-800-342-7722
PFF REAL ESTATE SERVICES, INC.
DEBTOR IN POSSESSION #08-13130
1490 N CLAREMONT BLVD, SUITE 100	Page 1 of 2
CLAREMONT CA 91711
	Bankruptcy Case Number: 0813130

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	05/30/2009 – 06/30/2009	Statement Beginning Balance	24,993.08
Number of Deposits/Credits	0	Amount of Deposits/Credits	.00
Number of Checks	1	Amount of Checks	.24
Number of Other Debits	1	Amount of Other Debits	.19
		Statement Ending Balance	24,992.65
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
1003		.24		06/01		6692020708

Other Debits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
06/30			.19	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
05/29		24,993.08		24,993.08		06/30		24,992.65		24,992.65
06/01		24,992.84		24,992.84

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

Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
06/30/2009	General Journal		15			-SPLIT-		-0.19		-0.19
Total for B of A Checking							$	-0.19
Bank Charges
06/30/2009	General Journal		15			-SPLIT-		0.19		0.19
Total for Bank Charges							$	0.19

Journal Entry Entry #: 15

Date: 06/30/2009

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

Memo: June

In re PFF Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: 6/1/09 — 6/30/09

STATEMENT OF OPERATIONS
(Income Statement)

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

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

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

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

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

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

	Total
Income
Total Income
Expenses
Bank Charges		82.15
U.S. Trustee		650.24
Total Expenses	$	732.39
Net Operating Income	$	-732.39
Other Income
Other Income		0.04
Total Other Income	$	0.04
Net Other Income	$	0.04
Net Income	$	-732.35

In re PFF Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: 6/1/09 — 6/30/09

BALANCE SHEET

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

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

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

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

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

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		24,992.65
PFF Checking		0.00
Total Bank Accounts	$	24,992.65
Total Current Assets	$	24,992.65
TOTAL ASSETS	$	24,992.65
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		-732.35
Total Equity	$	24,992.65
TOTAL LIABILITIES AND EQUITY	$	24,992.65

In re PFF Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: 6/1/09 — 6/30/09

STATUS OF POSTPETITION TAXES

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

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

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						NONE
Taxes Payable						NONE
Rent/Leases-Building						NONE
Rent/Leases-Equipment						NONE
Secured Debt/Adequate Protection Payments						NONE
Professional Fees						NONE
Amounts Due to Insiders*						NONE
Other:						NONE
Other:						NONE
Total Postpetition Debts						NONE

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: June 1, 2009 — June 30, 2009

Explanation

Listing of Aged Accounts Payable

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

In re	PFF Real Estate Services, Inc.
	Debtor

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

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

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