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: 7/1/11 — 7/31/11

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*	August 15, 2011Date
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 PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 7/1/11 — 7/31/11

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 filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]

													CUMULATIVE FILING
	BANK ACCOUNTS								CURRENT MONTH				TO DATE
	OPER.			PAYROLL	TAX			OTHER	ACTUAL			PROJECTED	ACTUAL		PROJECTED
CASH BEGINNING OF MONTH	$	112,986.79			$	44,772,877.70			$	44,885,864.49			$	3,637,884.57
RECEIPTS
CASH SALES
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS													$	1,033,315.22
OTHER (ATTACH LIST)													$	45,288,111.33
TRANSFERS (FROM DIP ACCTS)
TOTAL RECEIPTS													$	46,321,426.55
DISBURSEMENTS
NET PAYROLL	$	21,530.00							$	21,530.00			$	677,487.07
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES
INSURANCE
ADMINISTRATIVE	$	24,566.60			$	354.75			$	24,921.35			$	1,068,843.18
SELLING
OTHER (ATTACH LIST)													$	46,506.27
OWNER DRAW*
TRANSFERS (TO DIP ACCTS)
PROFESSIONAL FEES													$	3,285,037.45
U.S. TRUSTEE QUARTERLY FEES													$	41,924.01
COURT COSTS
TOTAL DISBURSEMENTS	$	46,096.60			$	354.75			$	46,451.35			$	5,119,897.98
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	(46,096.60	)		$	(354.75	)		$	(46,451.35	)		$	41,201,528.57
CASH — END OF MONTH	$	66,890.19			$	44,772,522.95			$	44,839,413.14			$	44,839,413.14

* 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	$	46,451.35
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	$	46,451.35

Account 9146

Account Name PFF Bancorp, Inc.

Reconciliation As of Date 7/31/11

Balance per Bank			$	87,642.28
Deposits in Transit
Date	Amount
Total
Outstanding Checks
Check #	Amount
1405	$	48.64
1406	$	4,380.01
1407	$	63.10
1408	$	9,924.64
Total			$	(14,416.39	)
Other (List)
Bank charges on bank not on books			$	42.67
Payroll on books not on bank			$	(6,378.37	)
Balance per Books			$	66,890.19

Account 9472

Account Name PFF Bancorp, Inc. — Tax Refund Holding

Reconciliation As of Date 7/31/11

Balance per Bank		$	44,772,178.20
Deposits in Transit
Date	Amount
Total
Outstanding Checks
Check #	Amount
Total
Other (List)
Bank charges on bank not on books		$	344.75
Balance per Books		$	44,772,522.95

In re PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 7/1/11 — 7/31/11

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

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

	Period	Amount		Check		Amount Paid		Year-To-Date
Payee	Covered	Covered	Payor	Number	Date	Fees	Expenses	Fees		Expenses
Paul, Hastings LLP								$	1,791,373.60	$	24,982.85
JH Cohn								$	581,973.90	$	5,472.15
Blank Rome								$	706,419.20	$	22,498.51
Richards Layton & Finger								$	148,785.04	$	3,532.20

Bank of America LOGO	Account Number 9146
	01 01 149 01 M0000 E# 6
CUSTOMER CONNECTION	Last Statement: 06/30/2011
BANK OF AMERICA, N.A.	This Statement: 07/29/2011
DALLAS, TEXAS 75283-2406
	Customer Service 1-800-342-7722
PFF BANCORP, INC
DEBTOR IN POSSESSION #08-13127-KJC
OPERATING ACCOUNT
2058 N. MILLS AVE #139	Page 1 of 3
CLAREMONT CA 91711
	Bankruptcy Case Number: 0813127KJC

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	07/01/2011 – 07/29/2011	Statement Beginning Balance	$	120,255.28
Number of Deposits/Credits	0	Amount of Deposits/Credits	$	0.00
Number of Checks	6	Amount of Checks	$	25,941.47
Number of Other Debits	23	Amount of Other Debits	$	6,671.53
		Statement Ending Balance	$	87,642.28
Number of Enclosures	6
		Service Charge	$	42.67

Withdrawals and Debits

Checks

Check			Date		Bank		Check					Date		Bank
Number	Amount		Posted		Reference		Number			Amount		Posted		Reference
1401	$	6,175.82		07/05		2182882058		1404		$	9,767.75		07/11		2182375433
1402	$	1,182.60		07/05		6292108843		10067	*	$	4,311.92		07/07		9392862292
1403	$	120.21		07/07		9492356812		10068		$	4,383.17		07/22		9792816976

Other Debits

Date	Customer					Bank
Posted	Reference		Amount		Description	Reference
07/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900019
07/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900020
07/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900021
07/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900022
07/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900023
07/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900024
07/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900025
07/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900026
07/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900027
07/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900028
07/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900029
07/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900030
07/05		1	$	5.00	STATEMENT ACTIVITY PRINT		09939900031
07/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900005
07/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900006
07/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900007
07/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900008
07/08		1	$	5.00	STATEMENT ACTIVITY PRINT		09939900009
07/11			$	3,223.58	ADP TX/FINCL SVC DES: ADP — TAX ID: E2Z8V 071226A01 INDN: PFF BANCORP INC CO ID: 1223006057 CCD		89009997441
07/13			$	64.44	ADP PAYROLL FEES DES: ADP — FEES ID: 13Z8V 882960 INDN: PFF BANCORP INC CO ID: 9659605001 CCD		93007931893
07/25			$	3,286.90	ADP TX/FINCL SVC DES: ADP — TAX ID: E2Z8V 072628A01 INDN: PFF BANCORP INC CO ID: 1223006057 CCD		03011173244
07/27			$	53.94	ADP PAYROLL FEES DES: ADP — FEES ID: 13Z8V 9378866 INDN: PFF BANCORP INC CO ID: 9659605001 CCD		07008395295
07/29			$	0.67	FDIC ASSESSMENT

* The preceding check(s) is still outstanding or has been included in a previous statement or is included in the ‘Other Debits’ section as an ACH paperless transaction.

Bank of America LOGO	Account Number 9146
	01 01 149 01 M0000 E# 6
CUSTOMER CONNECTION	Last Statement: 06/30/2011
BANK OF AMERICA, N.A.	This Statement: 07/29/2011
DALLAS, TEXAS 75283-2406
	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
06/30	$	120,255.28	$	120,255.28		07/13	$	95,366.96	$	95,366.96
07/05	$	112,867.86	$	112,867.86		07/22	$	90,983.79	$	90,983.79
07/07	$	108,435.73	$	108,435.73		07/25	$	87,696.89	$	87,696.89
07/08	$	108,422.73	$	108,422.73		07/27	$	87,642.95	$	87,642.95
07/11	$	95,431.40	$	95,431.40		07/29	$	87,642.28	$	87,642.28

	Account Number 9146
CUSTOMER CONNECTION	01 01 149 01 M0000 E# 6
BANK OF AMERICA, N.A.	Last Statement: 06/30/2011
DALLAS, TEXAS 75283-2406	This Statement: 07/29/2011
	Customer Service 1-800-342-7722
PFF BANCORP, INC
	Page 3 of 3
	Bankruptcy Case Number: 0813127KJC

IMPORTANT INFORMATION

CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.

TERMS AND CONDITIONS. All deposits to, withdrawals from, or other transactions pertaining to your account(s) are subject to the terms and conditions of the agreement you received when you opened your account and any amendments thereto. Amendments to the agreement may be made from time to time in the manner stated therein.

IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS. If you think your statement or receipt is wrong or if you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals, point-of-sale transactions) on the statement or receipt, telephone or write us at the address or number listed on the front of this statement as soon you can. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared.

*	Tell us your name and account number
*	Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information
*	Tell us the dollar amount of the suspected error.

For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation.

For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.

DIRECT DEPOSITS.

If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you may call us at the telephone number listed on the front of this statement to find out if the deposit was made as scheduled.

REPORTING OTHER PROBLEMS.

You must examine your statement carefully and promptly. You are in the best position to discover errors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or unauthorized transactions within the time periods specified in the deposit agreement (which periods are no more than 60 days after we make the statement available to you and in some cases are 30 days or less), we are not liable to you for, and you agree not to make a claim against us for the problems or unauthorized transactions.

Bank of America LOGO	Account Number 9472
	01 01 152 01 M0000 E# 0
CUSTOMER CONNECTION	Last Statement: 06/30/2011
BANK OF AMERICA, N.A.	This Statement: 07/29/2011
DALLAS, TEXAS 75283-2406
	Customer Service 1-800-342-7722
PFF BANCORP, INC
DEBTOR IN POSSESSION #08-13127-KJC
TAX REFUND HOLDING ACCOUNT
2058 N. MILLS AVE #139	Page 1 of 2
CLAREMONT CA 91711
	Bankruptcy Case Number: 0813127KJC

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	07/01/2011 – 07/29/2011	Statement Beginning Balance	$	44,772,522.95
Number of Deposits/Credits	0	Amount of Deposits/Credits	$	0.00
Number of Checks	0	Amount of Checks	$	0.00
Number of Other Debits	1	Amount of Other Debits	$	344.75
		Statement Ending Balance	$	44,772,178.20
Number of Enclosures	0
		Service Charge	$	344.75

Withdrawals and Debits

Other Debits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
07/29		$	344.75	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
06/30	$	44,772,522.95	$	44,772,522.95		07/29	$	44,772,178.20	$	44,772,178.20

	Account Number 9472
CUSTOMER CONNECTION	01 01 152 01 M0000 E# 0
BANK OF AMERICA, N.A.	Last Statement: 06/30/2011
DALLAS, TEXAS 75283-2406	This Statement: 07/29/2011
	Customer Service 1-800-342-7722
PFF BANCORP, INC
	Page 2 of 2
	Bankruptcy Case Number: 0813127KJC

IMPORTANT INFORMATION

CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.

TERMS AND CONDITIONS. All deposits to, withdrawals from, or other transactions pertaining to your account(s) are subject to the terms and conditions of the agreement you received when you opened your account and any amendments thereto. Amendments to the agreement may be made from time to time in the manner stated therein.

IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS. If you think your statement or receipt is wrong or if you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals, point-of-sale transactions) on the statement or receipt, telephone or write us at the address or number listed on the front of this statement as soon you can. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared.

*	Tell us your name and account number
*	Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information
*	Tell us the dollar amount of the suspected error.

For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation.

For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.

DIRECT DEPOSITS.

If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you may call us at the telephone number listed on the front of this statement to find out if the deposit was made as scheduled.

REPORTING OTHER PROBLEMS.

You must examine your statement carefully and promptly. You are in the best position to discover errors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or unauthorized transactions within the time periods specified in the deposit agreement (which periods are no more than 60 days after we make the statement available to you and in some cases are 30 days or less), we are not liable to you for, and you agree not to make a claim against us for the problems or unauthorized transactions.

PFF Bancorp, Inc.
Transaction Detail by Account
July 2011

	Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
	07/01/2011	Journal Entry		495			-SPLIT-		-89.93		-89.93
	07/01/2011	Journal Entry		494			-SPLIT-		-7,599.94		-7,689.87
	07/01/2011	Journal Entry		493			-SPLIT-		-120.21		-7,810.08
	07/02/2011	Journal Entry		496			-SPLIT-		-9,767.75		-17,577.83
	07/15/2011	Journal Entry		497			-SPLIT-		-7,724.01		-25,301.84
	07/15/2011	Journal Entry		498			-SPLIT-		-48.64		-25,350.48
	07/16/2011	Journal Entry		499			-SPLIT-		-4,380.01		-29,730.49
	07/20/2011	Journal Entry		500			-SPLIT-		0.00		-29,730.49
	07/29/2011	Journal Entry		502			-SPLIT-		-63.10		-29,793.59
	07/29/2011	Journal Entry		501			-SPLIT-		-6,378.37		-36,171.96
	07/30/2011	Journal Entry		504			-SPLIT-		-9,924.64		-46,096.60
Total for B of A Checking									-46,096.60
Money Market — Tax Refund
	07/30/2011	Journal Entry		505			-SPLIT-		-354.75		-354.75
Total for Money Market — Tax Refund									-354.75
Post Petition Debts
	07/30/2011	Journal Entry		503			-SPLIT-		592,022.89		592,022.89
Total for Post Petition Debts									592,022.89
Bank Charges
	07/01/2011	Journal Entry		495			-SPLIT-		89.93		89.93
	07/30/2011	Journal Entry		505			-SPLIT-		354.75		444.68
Total for Bank Charges									444.68
Contractor — Talbott
	07/02/2011	Journal Entry		496			-SPLIT-		9,500.00		9,500.00
	07/16/2011	Journal Entry		499			-SPLIT-		4,250.00		13,750.00
	07/30/2011	Journal Entry		504			-SPLIT-		9,812.50		23,562.50
Total for Contractor — Talbott									23,562.50
Contractor — Talbott — Expenses
	07/02/2011	Journal Entry		496			-SPLIT-		267.75		267.75
	07/16/2011	Journal Entry		499			-SPLIT-		130.01		397.76
	07/30/2011	Journal Entry		504			-SPLIT-		112.14		509.90
Total for Contractor — Talbott — Expenses									509.90
Office Expenses
	07/01/2011	Journal Entry		494			-SPLIT-		64.44		64.44
	07/15/2011	Journal Entry		497			-SPLIT-		53.94		118.38
	07/29/2011	Journal Entry		501			-SPLIT-		53.94		172.32
Total for Office Expenses									172.32
Payroll
	07/01/2011	Journal Entry		494			-SPLIT-		4,311.92		4,311.92
	07/01/2011	Journal Entry		494			-SPLIT-		3,223.58		7,535.50
	07/15/2011	Journal Entry		497			-SPLIT-		4,383.17		11,918.67
	07/15/2011	Journal Entry		497			-SPLIT-		3,286.90		15,205.57
	07/29/2011	Journal Entry		501			-SPLIT-		3,764.58		18,970.15
	07/29/2011	Journal Entry		501			-SPLIT-		2,559.85		21,530.00
Total for Payroll									21,530.00

	Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
Post Petit Prof — Pending
	07/30/2011	Journal Entry		503			-SPLIT-		592,022.89		592,022.89
Total for Post Petit Prof — Pending									592,022.89
Postage
	07/01/2011	Journal Entry		493			-SPLIT-		64.11		64.11
	07/15/2011	Journal Entry		498			-SPLIT-		21.10		85.21
	07/29/2011	Journal Entry		502			-SPLIT-		21.10		106.31
Total for Postage									106.31
Travel
	07/01/2011	Journal Entry		493			-SPLIT-		56.10		56.10
	07/15/2011	Journal Entry		498			-SPLIT-		27.54		83.64
	07/29/2011	Journal Entry		502			-SPLIT-		42.00		125.64
Total for Travel									125.64
US Trustee
	07/20/2011	Journal Entry		500			-SPLIT-		0.00		0.00
Total for US Trustee									0.00

Journal Entry
	Adjusting Journal Entry: BETA
Date: 07/01/2011

Account	Debit		Credit
Bank Charges	$	89.93
B of A Checking			$	89.93
Totals	$	89.93	$	89.93

Memo: B of A — June

Journal Entry
	Adjusting Journal Entry: BETA
Date: 07/01/2011

Account	Debit		Credit
Payroll	$	4,311.92
Payroll	$	3,223.58
Office Expenses	$	64.44
B of A Checking			$	7,599.94
Totals	$	7,599.94	$	7,599.94

Memo: 6/18 — 7/1/11

Journal Entry
	Adjusting Journal Entry: BETA
Date: 07/01/2011

Account	Debit		Credit
Travel	$	56.10
Postage	$	64.11
B of A Checking			$	120.21
Totals	$	120.21	$	120.21

Memo: McCarthy Expenses 6/18 — 7/1/11

Journal Entry
	Adjusting Journal Entry: BETA
Date: 07/02/2011

Account	Debit		Credit
Contractor — Talbott	$	9,500.00
Contractor — Talbott — Expenses	$	267.75
B of A Checking			$	9,767.75
Totals	$	9,767.75	$	9,767.75

Memo: 6/19 — 7/2/11

Journal Entry
	Adjusting Journal Entry: BETA
Date: 07/15/2011

Account	Debit		Credit
Payroll	$	4,383.17
Payroll	$	3,286.90
Office Expenses	$	53.94
B of A Checking			$	7,724.01
Totals	$	7,724.01	$	7,724.01

Memo: McCarthy 7/2 — 7/15/11

Journal Entry
	Adjusting Journal Entry: BETA
Date: 07/15/2011

Account	Debit		Credit
Postage	$	21.10
Travel	$	27.54
B of A Checking			$	48.64
Totals	$	48.64	$	48.64

Memo: McCarthy 7/2 — 7/15/11

Journal Entry
	Adjusting Journal Entry: BETA
Date: 07/16/2011

Account	Debit		Credit
Contractor — Talbott	$	4,250.00
Contractor — Talbott Expenses	$	130.01
B of A Checking			$	4,380.01
Totals	$	4,380.01	$	4,380.01

Memo: 7/3 — 7/16/11

Journal Entry
Date: 07/20/2011	Adjusting Journal Entry: BETA

Account	Debit		Credit
US Trustee	$	0.00
B of A Checking			$	0.00
Totals	$	0.00	$	0.00

Memo: Q2 ‘11

Journal Entry
	Adjusting Journal Entry: BETA
Date: 07/29/2011

Account	Debit		Credit
Postage	$	21.10
Travel	$	42.00
B of A Checking			$	63.10
Totals	$	63.10	$	63.10

Memo: McCarthy 7/16 — 7/29/11

Journal Entry
	Adjusting Journal Entry: BETA
Date: 07/29/2011

Account	Debit		Credit
Payroll	$	3,674.58
Payroll	$	2,559.85
Office Expenses	$	53.94
B of A Checking			$	6,378.37
Totals	$	6,378.37	$	6,378.37

Memo: McCarthy 7/16 — 7/29/11

Journal Entry
	Adjusting Journal Entry: BETA
Date: 07/30/2011

Account	Debit		Credit
Contractor — Talbott	$	9,812.50
Contractor — Talbott — Expenses	$	112.14
B of A Checking			$	9,924.64
Totals	$	9,924.64	$	9,924.64

Memo: 7/17 — 7/30/11

Journal Entry
	Adjusting Journal Entry: BETA
Date: 07/30/2011

Account	Debit		Credit
Bank Charges	$	354.75
Money Market — Tax Refund			$	354.75
Totals	$	354.75	$	354.75

Memo: B of A — June

PFF Bancorp, Inc.
Profit & Loss
July 2011

	Total
Income
Total Income
Expenses
Bank Charges		444.68
Contractor — Talbott		23,562.50
Contractor — Talbott — Expenses		509.90
Office Expenses		172.32
Payroll		21,530.00
Post Petit Prof — Pending		592,022.89
Postage		106.31
Travel		125.64
US Trustee		0.00
Total Expenses	$	638,474.24
Net Operating Income	$	-638,474.24
Net Income	$	-638,474.24

PFF Bancorp, Inc.
Profit & Loss
December 5, 2008 — July 31, 2011

	Total
Income
Interest Income		49,630.00
Refunds-Allowances		17,200.00
Settlement Funds Received		157,912.20
Workers Comp Experience Refund		10,563.00
Total Income	$	235,305.20
Expenses
Accrued Expenses		0.00
Bank Charges		3,154.66
Blank Rome — Expenses		22,498.51
Blank Rome — Fees		706,419.20
Commissions & Fees		0.00
Contractor — Talbott		667,055.75
Contractor — Talbott — Expenses		8,145.79
Interest Expense		0.99
JH Cohn — Expenses		5,472.15
JH Cohn — Fees		581,973.90
Kurtzman Carson		238,715.49
Legal & Professional Fees		258,102.77
Office Expenses		58,618.23
Payroll		677,487.07
PHJW Expenses		24,982.85
PHJW Fees		1,791,373.60
Post Petit Prof — Pending		592,022.89
Postage		3,032.87
Progressive Reimb		-202,416.95
RLF — Fees		148,785.04
RLF Expenses		3,532.20
Supplies		383.11
Taxes & Licenses		15,653.23
Travel		17,308.21
US Trustee		41,924.01
Total Expenses	$	5,664,225.57
Net Operating Income	$	-5,428,920.37
Other Income
Other Income		125,750.46
Total Other Income	$	125,750.46
Other Expenses
Charge Off Invest in PFF B&T		142,517,693.00
Miscellaneous		2,000.20
Total Other Expenses	$	142,519,693.20
Net Other Income	$	-142,393,942.74
Net Income	$	-147,822,863.11

PFF Bancorp, Inc.
Balance Sheet
As of July 31, 2011

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		66,890.19
Checking		0.00
Citigroup Margin		700,000.00
M&I Bank Account		1,000,000.00
Money Market — Tax Refund		44,772,522.95
Paine Webber Business Svcs.		0.00
Trust Inv A/C		0.00
Total Bank Accounts	$	46,539,413.14
Other Current Assets
Prepaid — Moffett		44,060.00
Total Other Current Assets	$	44,060.00
Total Current Assets	$	46,583,473.14
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		0.00
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
Kurtzman Carson Retainer		15,000.00
Net Income/Loss		0.00
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		0.00
PFF FAS 115		1,228,035.00
Prepaid Expenses		33,000.00
Prepaid OTS Assessment		6,357.00

	Total
Progressive — Tail		0.00
RLF Retainer		65,940.94
Stock Options Granted		24,911,967.00
Travellers Tail		0.00
US Treasury Bonds — HTM		0.00
US Treasury Bonds — UNAM		953.00
US Treasury Bonds Mkt Value		13,329.00
Valuation Allowance		-1,500,413.00
Total Other Assets	$	11,020,059.94
TOTAL ASSETS	$	57,603,533.08
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts Payable
Post Petition Debts		592,022.89
Total Accounts Payable	$	592,022.89
Other Current Liabilities
Accrued Expenses Payable		0.00
Due to FDIC — Taxes		654,985.55
Suspense — NOL Carryback		44,003,715.50
Total Other Current Liabilities	$	44,658,701.05
Total Current Liabilities	$	45,250,723.94
Long Term Liabilities
Accrued Tax Fees		6,311.00
Deferred FIT		-28,733.10
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	$	117,529,326.90
Total Liabilities	$	162,780,050.84

	Total
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		-146,678,997.03
Net Income		-1,221,514.73
Total Equity	$	-105,176,517.76
TOTAL LIABILITIES AND EQUITY	$	57,603,533.08

In re PFF Bancorp, Inc.	Case No. 08-13127
	Reporting Period: 7/1/11 — 7/31/11

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
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		$	6,465.59		$	9,610.00	$	57,947.30	$	592,022.89
Amounts Due to Insiders*									NONE
Other: _____________									NONE
Other: _____________									NONE
Total Postpetition Debts		$	6,465.59		$	9,610.00	$	57,947.30	$	592,022.89

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

Amounts will be paid upon release of tax refund monies held in suspense pending authorization from FDIC.

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

Firm	Description		Requested		Authorized		Expenses		Total Due		Date
PHJW	25th 12/1 – 12/31/10		$	45,418.50	$	36,334.80	$	72.60	$	36,407.40	2/7/2011
	26th 1/1 – 1/31/11		$	48,078.00	$	38,462.40	$	146.84	$	38,609.24	3/28/2011
	27th 2/1 – 2/28/11		$	6,862.50	$	5,490.00	$	1,200.12	$	6,690.12	4/27/2011
	28th 3/1 – 3/31/11		$	12,012.50	$	9,610.00	$	0.00	$	9,610.00	5/23/2011
	Holdback Release	NA			$	92,478.90	$	0.00	$	92,478.90	3/8/2011
RLF	Holdback Release	NA			$	49,420.11	$	0.00	$	49,420.11	3/8/2011
Blank Rome	11/1 – 11/30/10		$	240,362.50	$	192,290.00	$	5,807.63	$	198,097.63	3/14/2011
	Holdback Release	NA			$	88,742.00	$	0.00	$	88,742.00	3/8/2011
JH Cohn	Holdback Release	NA			$	43,626.10	$	0.00	$	43,626.10	3/8/2011
Moffett & Grigorian	11/1/10 – 12/31/10	NA			$	15,290.30	$	0.00	$	15,290.30	12/31/2010
	1/1/11 – 1/31/11	NA			$	6,585.50	$	0.00	$	6,585.50	1/31/2011
	1/27/11 – 6/25/11	NA			$	6,460.00	$	5.59	$	6,465.59	7/1/2011

In re PFF Bancorp, Inc.	08-13127
Debtor	7/1/11 — 7/31/11

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
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: 7/1/11 — 7/31/11

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	August 15, 2011
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: 7/1/11 — 7/31/11

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 filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]

											CUMULATIVE FILING
	BANK ACCOUNTS						CURRENT MONTH				TO DATE
	OPER.			PAYROLL	TAX	OTHER	ACTUAL			PROJECTED	ACTUAL		PROJECTED
CASH BEGINNING OF MONTH	$	94,433.10					$	94,433.10			$	31,278.00
CASH SALES											$	3,516.02
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS											$	30,277.00
OTHER (ATTACH LIST)											$	62,569.39
TRANSFERS (FROM DIP ACCTS)											$	196,027.42
TOTAL RECEIPTS											$	292,389.83
NET PAYROLL											$	27,609.67
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES											$	124,519.58
INSURANCE
ADMINISTRATIVE	$	595.73					$	595.73			$	68,381.21
SELLING
OTHER (ATTACH LIST)
OWNER DRAW*
TRANSFERS (TO DIP ACCTS)											$	4,445.00
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES	$	325.00					$	325.00			$	5,200.00
COURT COSTS
TOTAL DISBURSEMENTS	$	920.73					$	920.73			$	230,155.46
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	(920.73	)				$	(920.73	)		$	62,234.37
CASH — END OF MONTH	$	93,512.37					$	93,512.37			$	93,512.37

* 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	$	920.73
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	$	920.73

Account 9162

Account Name Glencrest Investment Advisors, Inc.

Reconciliation As of Date 7/31/11

Balance per Bank			$	94,052.65
Deposits in Transit
Date	Amount
Total
Outstanding Checks
Check #	Amount
1144	$	550.00
Total			$	(550.00	)
Other (List)
Bank charges on bank not on books			$	9.72
Balance per Books			$	93,512.37

In re Glencrest Investment Advisors, Inc.	Case No. 08-13128
	Reporting Period: 7/1/11 — 7/31/11

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

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

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

Bank of America LOGO	Account Number 9162
	01 01 149 01 M0000 E# 1
CUSTOMER CONNECTION	Last Statement: 06/30/2011
BANK OF AMERICA, N.A.	This Statement: 07/29/2011
DALLAS, TEXAS 75283-2406
	Customer Service 1-800-342-7722
GLENCREST INVESTMENT ADVISORS, INC.
DEBTOR IN POSSESSION #08-13128
OPERATING ACCOUNT	Page 1 of 2
2058 N. MILLS AVE #139
CLAREMONT CA 91711	Bankruptcy Case Number: 0813128

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	07/01/2011 – 07/29/2011	Statement Beginning Balance	$	94,387.37
Number of Deposits/Credits	0	Amount of Deposits/Credits	$	0.00
Number of Checks	1	Amount of Checks	$	325.00
Number of Other Debits	4	Amount of Other Debits	$	9.72
		Statement Ending Balance	$	94,052.65
Number of Enclosures	1
		Service Charge	$	9.72

Withdrawals and Debits

Checks

Check			Date		Bank		Check		Date	Bank
Number	Amount		Posted		Reference		Number	Amount	Posted	Reference
1143	$	325.00		07/28		6492222977

Other Debits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
07/06	1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900015
07/06	1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900016
07/06	1	$	5.00	STATEMENT ACTIVITY PRINT		09939900014
07/29		$	0.72	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
06/30	$	94,387.37	$	94,387.37		07/28	$	94,053.37	$	94,053.37
07/06	$	94,378.37	$	94,378.37		07/29	$	94,052.65	$	94,052.65

	Account Number 9162
CUSTOMER CONNECTION	01 01 149 01 M0000 E# 1
BANK OF AMERICA, N.A.	Last Statement: 06/30/2011
DALLAS, TEXAS 75283-2406	This Statement: 07/29/2011
	Customer Service 1-800-342-7722
GLENCREST INVESTMENT ADVISORS, INC.
	Page 2 of 2
	Bankruptcy Case Number: 0813128

IMPORTANT INFORMATION

CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.

TERMS AND CONDITIONS. All deposits to, withdrawals from, or other transactions pertaining to your account(s) are subject to the terms and conditions of the agreement you received when you opened your account and any amendments thereto. Amendments to the agreement may be made from time to time in the manner stated therein.

IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS. If you think your statement or receipt is wrong or if you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals, point-of-sale transactions) on the statement or receipt, telephone or write us at the address or number listed on the front of this statement as soon you can. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared.

*	Tell us your name and account number
*	Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information
*	Tell us the dollar amount of the suspected error.

For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation.

For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.

DIRECT DEPOSITS.

If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you may call us at the telephone number listed on the front of this statement to find out if the deposit was made as scheduled.

REPORTING OTHER PROBLEMS.

You must examine your statement carefully and promptly. You are in the best position to discover errors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or unauthorized transactions within the time periods specified in the deposit agreement (which periods are no more than 60 days after we make the statement available to you and in some cases are 30 days or less), we are not liable to you for, and you agree not to make a claim against us for the problems or unauthorized transactions.

Glencrest Investment Advisors, Inc.
Transaction Detail by Account
July 2011

Date

Type

Num

Name

Memo/Description

Split

Amount

Balance

B of A Checking

07/01/2011

Journal Entry

273

-SPLIT-

-45.73

-45.73

07/20/2011

Journal Entry

274

-SPLIT-

-325.00

-370.73

07/22/2011

Journal Entry

275

-SPLIT-

-550.00

-920.73

Total for B of A Checking

-920.73

Bank Charges

07/01/2011

Journal Entry

273

-SPLIT-

45.73

45.73

Total for Bank Charges

45.73

Reliable Self Storage

07/22/2011

Journal Entry

275

-SPLIT-

550.00

550.00

Total for Reliable Self Storage

550.00

US Trustee

07/20/2011

Journal Entry

274

-SPLIT-

325.00

325.00

Total for US Trustee

325.00

Journal Entry
Date: 07/01/2011	Adjusting Journal Entry: BETA

Account	Debit		Credit
Bank Charges	$	45.73
B of A Checking			$	45.73
Totals	$	45.73	$	45.73

Memo: B of A — June

Journal Entry
Date: 07/20/2011	Adjusting Journal Entry: BETA

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

Memo: Q2 ‘11

Journal Entry
Date: 07/22/2011	Adjusting Journal Entry: BETA

Account	Debit		Credit
Reliable Self Storage	$	550.00
B of A Checking			$	550.00
Totals	$	550.00	$	550.00

Memo: 8/1 — 8/31/11

Glencrest Investment Advisors, Inc.
Profit & Loss
July 2011

	Total
Income
Total Income
Expenses
Bank Charges		45.73
Reliable Self Storage		550.00
US Trustee		325.00
Total Expenses	$	920.73
Net Operating Income	$	-920.73
Net Income	$	-920.73

Glencrest Investment Advisors, Inc.
Profit & Loss
December 5, 2008 — July 31, 2011

	Total
Income
Ameritrade Close Out		22,111.54
CA Financial Ptnr Income		14,198.54
Fees Billed		3,723.54
Misc Asset Sales — Claremont		30,277.00
Rental Income Palm Desert		27,573.93
Sublease — PFF		6,279.10
Trailer Income		3,263.56
Total Income	$	107,427.21
Expenses
Bank Charges		510.75
Computek I.T.		1,275.00
I 365 Data Storage		20,751.64
Janitorial — Claremont		1,720.00
Janitorial — Palm Desert		560.00
Legal & Professional Fees		-7,097.45
Office Expenses		3,959.35
Other General and Admin Expenses		4,141.78
Payroll Expenses		27,603.90
Reliable Self Storage		14,287.74
Rent — Claremont		93,547.58
Rent — Palm Desert		32,194.67
Supplies		-233.34
Taxes & Licenses		2,480.41
US Trustee		5,200.00
Utilities		2,500.98
Utilities — Gas Co		939.56
Utilities — Phone and Data		13,180.03
Utilities — SCE		7,260.65
Utilities — Siemens		848.52
Utilities — Water		15.14
Total Expenses	$	225,646.91
Net Operating Income	$	-118,219.70
Other Income
Other Income		12,419.88
Total Other Income	$	12,419.88
Other Expenses
Miscellaneous		54.11
Total Other Expenses	$	54.11
Net Other Income	$	12,365.77
Net Income	$	-105,853.93

Glencrest Investment Advisors, Inc.

Balance Sheet

As of July 31, 2011

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		93,512.37
PFF Checking		0.00
Prepaid Rent — Claremont		0.00
Total Bank Accounts	$	93,512.37
Total Current Assets	$	93,512.37
Other Assets
Advances to Trust		80,000.00
Lease Deposit		0.00
Net Income/Loss GIS		58,822.00
Prepaid — Other		17,680.08
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		0.00
Valuation Allowance		-43,570.00
Total Other Assets	$	631,772.00
TOTAL ASSETS	$	725,284.37
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		1.00
Total Long Term Liabilities	$	58,838.00
Total Liabilities	$	58,838.00
Equity
APIC		6,870,597.00
APIC — Retained Earnings		-6,206,986.00
Common Stock		3.00
Opening Balance Equity		-1.00
Retained Earnings		4,255.98
Net Income		-1,422.61
Total Equity	$	666,446.37
TOTAL LIABILITIES AND EQUITY	$	725,284.37

In re Glencrest Investment Advisors, Inc.	Case No. 08-13128
	Reporting Period: 7/1/11 — 7/31/11

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
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 Investment Advisors, Inc.	08-13128
Debtor	7/1/11 — 7/31/11

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
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 Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: 7/1/11 — 7/31/11

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*	August 15, 2011Date
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: 7/1/11 — 7/31/11

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 filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]

											CUMULATIVE FILING TO
	BANK ACCOUNTS						CURRENT MONTH				DATE
	OPER.			PAYROLL	TAX	OTHER	ACTUAL			PROJECTED	ACTUAL		PROJECTED
CASH BEGINNING OF MONTH	$	90,891.92					$	90,891.92			$	44,046.24
RECEIPTS
CASH SALES	$	224.02					$	224.02			$	50,282.63
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS											$	307.22
OTHER (ATTACH LIST)
TRANSFERS (FROM DIP ACCTS)
TOTAL RECEIPTS	$	224.02					$	224.02			$	50,589.85
DISBURSEMENTS
NET PAYROLL
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES
INSURANCE
ADMINISTRATIVE	$	10.70					$	10.70			$	280.85
SELLING
OTHER (ATTACH LIST)
OWNER DRAW*
TRANSFERS (TO DIP ACCTS)
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES	$	325.00					$	325.00			$	3,575.00
COURT COSTS
TOTAL DISBURSEMENTS	$	335.70					$	335.70			$	3,855.85
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	(111.68	)				$	(111.68	)		$	46,734.00
CASH — END OF MONTH	$	90,780.24					$	90,780.24			$	90,780.24

* 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	$	335.70
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	$	335.70

Account 8202

Account Name Glencrest Insurance Services, Inc.

Reconciliation As of Date 7/31/11

Balance per Bank		$	90,770.54
Deposits in Transit
Date	Amount
Total
Outstanding Checks
Check #	Amount
Total
Other (List)
Bank charges on bank not on books		$	9.70
Balance per Books		$	90,780.24

In re Glencrest Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: 7/1/11 — 7/31/11

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

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

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

Bank of America LOGO	Account Number 8202
	01 01 149 01 M0000 E# 1
CUSTOMER CONNECTION	Last Statement: 06/30/2011
BANK OF AMERICA, N.A.	This Statement: 07/29/2011
DALLAS, TEXAS 75283-2406
	Customer Service 1-800-342-7722
GLENCREST INSURANCE SERVICES, INC.
DEBTOR IN POSSESSION #08-13131
2058 N. MILLS AVE #139	Page 1 of 2
CLAREMONT CA 91711
	Bankruptcy Case Number: 0813131

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	07/01/2011 – 07/29/2011	Statement Beginning Balance	$	90,881.22
Number of Deposits/Credits	1	Amount of Deposits/Credits	$	224.02
Number of Checks	1	Amount of Checks	$	325.00
Number of Other Debits	4	Amount of Other Debits	$	9.70
		Statement Ending Balance	$	90,770.54
Number of Enclosures	1
		Service Charge	$	9.70

Deposits and Credits

Date	Customer				Bank
Posted	Reference	Amount		Description	Reference
07/05		$	224.02	CA BANKING CENTER DEPOSIT		254006360701824

Withdrawals and Debits

Checks

Check			Date	Bank		Check		Date	Bank
Number	Amount		Posted	Reference		Number	Amount	Posted	Reference
1013	$	325.00	07/28		6492222975

Other Debits

Date	Customer					Bank
Posted	Reference		Amount		Description	Reference
07/06		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900012
07/06		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900013
07/06		1	$	5.00	STATEMENT ACTIVITY PRINT		03339900011
07/29			$	0.70	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date	Ledger Balance		Collected Balance
06/30	$	90,881.22	$	90,881.22	07/11	$	91,096.24	$	91,096.24
07/05	$	91,105.24	$	90,881.22	07/28	$	90,771.24	$	90,771.24
07/06	$	91,096.24	$	90,872.22	07/29	$	90,770.54	$	90,770.54
07/08	$	91,096.24	$	91,082.80

	Account Number 8202
CUSTOMER CONNECTION	01 01 149 01 M0000 E# 1
BANK OF AMERICA, N.A.	Last Statement: 06/30/2011
DALLAS, TEXAS 75283-2406	This Statement: 07/29/2011
	Customer Service 1-800-342-7722
GLENCREST INSURANCE SERVICES, INC.
	Page 2 of 2
	Bankruptcy Case Number: 0813131

IMPORTANT INFORMATION

CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.

TERMS AND CONDITIONS. All deposits to, withdrawals from, or other transactions pertaining to your account(s) are subject to the terms and conditions of the agreement you received when you opened your account and any amendments thereto. Amendments to the agreement may be made from time to time in the manner stated therein.

IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS. If you think your statement or receipt is wrong or if you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals, point-of-sale transactions) on the statement or receipt, telephone or write us at the address or number listed on the front of this statement as soon you can. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared.

*	Tell us your name and account number
*	Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information
*	Tell us the dollar amount of the suspected error.

For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation.

For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.

DIRECT DEPOSITS.

If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you may call us at the telephone number listed on the front of this statement to find out if the deposit was made as scheduled.

REPORTING OTHER PROBLEMS.

You must examine your statement carefully and promptly. You are in the best position to discover errors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or unauthorized transactions within the time periods specified in the deposit agreement (which periods are no more than 60 days after we make the statement available to you and in some cases are 30 days or less), we are not liable to you for, and you agree not to make a claim against us for the problems or unauthorized transactions.

Glencrest Insurance Services, Inc.
Transaction Detail by Account
July 2011

	Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
	07/01/2011	Journal Entry		110			-SPLIT-		224.02		224.02
	07/01/2011	Journal Entry		112			-SPLIT-		-10.70		213.32
	07/20/2011	Journal Entry		113			-SPLIT-		-325.00		-111.68
Total for B of A Checking									-111.68
Fees Billed
	07/01/2011	Journal Entry		110			-SPLIT-		224.02		224.02
Total for Fees Billed									224.02
Bank Charges
	07/01/2011	Journal Entry		112			-SPLIT-		10.70		10.70
Total for Bank Charges									10.70
US Trustee
	07/20/2011	Journal Entry		113			-SPLIT-		325.00		325.00
Total for US Trustee									325.00

Journal Entry
	Adjusting Journal Entry: BETA
Date: 07/01/2011

Account	Debit		Credit
B of A Checking	$	224.02
Fees Billed			$	224.02
Totals	$	224.02	$	224.02

Memo: Transamerica

Journal Entry
	Adjusting Journal Entry: BETA
Date: 07/01/2011

Account	Debit		Credit
Bank Charges	$	10.70
B of A Checking			$	10.70
Totals	$	10.70	$	10.70

Memo: B of A — June

Journal Entry
	Adjusting Journal Entry: BETA
Date: 07/20/2011

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

Memo: Q2 ‘11

Glencrest Insurance Services, Inc.
Profit & Loss
July 2011

	Total
Income
Fees Billed		224.02
Total Income	$	224.02
Expenses
Bank Charges		10.70
US Trustee		325.00
Total Expenses	$	335.70
Net Operating Income	$	-111.68
Net Income	$	-111.68

Glencrest Insurance Services, Inc.
Profit & Loss
December 5, 2008 — July 31, 2011

	Total
Income
Fees Billed		50,282.63
Total Income	$	50,282.63
Expenses
Bank Charges		280.85
Taxes & Licenses		0.00
US Trustee		3,575.00
Total Expenses	$	3,855.85
Net Operating Income	$	46,426.78
Other Income
Other Income		307.22
Total Other Income	$	307.22
Net Other Income	$	307.22
Net Income	$	46,734.00

Glencrest Insurance Services, Inc.
Balance Sheet
As of July 31, 2011

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		90,780.24
Operating Acct		0.00
PFF Checking		0.00
Total Bank Accounts	$	90,780.24
Total Current Assets	$	90,780.24
Other Assets
Prepaid Expenses and Other Assets		36,194.00
Property & Equipment		16,201.00
Total Other Assets	$	52,395.00
TOTAL ASSETS	$	143,175.24
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		46,960.14
Net Income		-226.14
Total Equity	$	107,303.24
TOTAL LIABILITIES AND EQUITY	$	143,175.24

In re Glencrest Insurance Services, Inc.	Case No. 08-13131
	Reporting Period: 7/1/11 — 7/31/11

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
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.	08-13131
Debtor	7/1-7/31/11

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
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: 7/1/11 — 7/31/11

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*	August 15, 2011Date
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: 7/1/11 — 7/31/11

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 filed. 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	$	1,758,291.44						$	1,758,291.44			$	1,186,035.00
RECEIPTS
CASH SALES
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS
OTHER (ATTACH LIST)												$	350,000.00
TRANSFERS (FROM DIP ACCTS)												$	227,179.23
TOTAL RECEIPTS												$	577,179.23
DISBURSEMENTS
NET PAYROLL
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES
INSURANCE
ADMINISTRATIVE	$	23.54						$	23.54			$	1,596.99
SELLING
OTHER (ATTACH LIST)												$	99.34
OWNER DRAW*
TRANSFERS (TO DIP ACCTS)
PROFESSIONAL FEES						��
U.S. TRUSTEE QUARTERLY FEES	$	325.00						$	325.00			$	3,575.00
COURT COSTS
TOTAL DISBURSEMENTS	$	348.54						$	348.54			$	5,271.33
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	(348.54	)					$	(348.54	)		$	571,907.90
CASH — END OF MONTH	$	1,757,942.90						$	1,757,942.90			$	1,757,942.90

* 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	$	348.54
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	$	348.54

Account 9188

Account Name Diversified Builder Services, Inc.

Reconciliation As of Date 7/31/11

Balance per Bank		$	1,757,920.36
Deposits in Transit
Date	Amount
Total
Outstanding Checks
Check #	Amount
Total
Other (List)
Bank charges on bank not on books		$	22.54
Balance per Books		$	1,757,942.90

In re Diversified Builder Services, Inc.	Case No. 08-13129
	Reporting Period: 7/1/11 — 7/31/11

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

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

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

Bank of America LOGO	Account Number 9188
	01 01 149 01 M0000 E# 1
CUSTOMER CONNECTION	Last Statement: 06/30/2011
BANK OF AMERICA, N.A.	This Statement: 07/29/2011
DALLAS, TEXAS 75283-2406
	Customer Service 1-800-342-7722
DIVERSIFIED BUILDER SERVICES, INC.
DEBTOR IN POSSESSION #08-13129
OPERATING ACCOUNT	Page 1 of 2
2058 N. MILLS AVE #139
CLAREMONT CA 91711	Bankruptcy Case Number: 0813129

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	07/01/2011 – 07/29/2011	Statement Beginning Balance	$	1,758,267.90
Number of Deposits/Credits	0	Amount of Deposits/Credits	$	0.00
Number of Checks	1	Amount of Checks	$	325.00
Number of Other Debits	4	Amount of Other Debits	$	22.54
		Statement Ending Balance	$	1,757,920.36
Number of Enclosures	1
		Service Charge	$	22.54

Withdrawals and Debits

Checks

Check			Date		Bank		Check		Date	Bank
Number	Amount		Posted		Reference		Number	Amount	Posted	Reference
1014	$	325.00		07/28		6492222976

Other Debits

Date	Customer					Bank
Posted	Reference		Amount		Description	Reference
07/06		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900018
07/06		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900019
07/06		1	$	5.00	STATEMENT ACTIVITY PRINT		09939900017
07/29			$	13.54	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
06/30	$	1,758,267.90	$	1,758,267.90		07/28	$	1,757,933.90	$	1,757,933.90
07/06	$	1,758,258.90	$	1,758,258.90		07/29	$	1,757,920.36	$	1,757,920.36

	Account Number 9188
CUSTOMER CONNECTION	01 01 149 01 M0000 E# 1
BANK OF AMERICA, N.A.	Last Statement: 06/30/2011
DALLAS, TEXAS 75283-2406	This Statement: 07/29/2011
	Customer Service 1-800-342-7722
DIVERSIFIED BUILDER SERVICES, INC.
	Page 2 of 2
	Bankruptcy Case Number: 0813129

IMPORTANT INFORMATION

CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.

TERMS AND CONDITIONS. All deposits to, withdrawals from, or other transactions pertaining to your account(s) are subject to the terms and conditions of the agreement you received when you opened your account and any amendments thereto. Amendments to the agreement may be made from time to time in the manner stated therein.

IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS. If you think your statement or receipt is wrong or if you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals, point-of-sale transactions) on the statement or receipt, telephone or write us at the address or number listed on the front of this statement as soon you can. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared.

*	Tell us your name and account number
*	Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information
*	Tell us the dollar amount of the suspected error.

For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation.

For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.

DIRECT DEPOSITS.

If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you may call us at the telephone number listed on the front of this statement to find out if the deposit was made as scheduled.

REPORTING OTHER PROBLEMS.

You must examine your statement carefully and promptly. You are in the best position to discover errors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or unauthorized transactions within the time periods specified in the deposit agreement (which periods are no more than 60 days after we make the statement available to you and in some cases are 30 days or less), we are not liable to you for, and you agree not to make a claim against us for the problems or unauthorized transactions.

Diversified Builder Services, Inc.
Transaction Detail by Account
July 2011

	Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
	07/01/2011	Journal Entry		52			-SPLIT-		-23.54		-23.54
	07/20/2011	Journal Entry		53			-SPLIT-		-325.00		-348.54
Total for B of A Checking									-348.54
Bank Charges
	07/01/2011	Journal Entry		52			-SPLIT-		23.54		23.54
Total for Bank Charges									23.54
U S Trustee
	07/20/2011	Journal Entry		53			-SPLIT-		325.00		325.00
Total for U S Trustee									325.00

Journal Entry
Date: 07/01/2011	Adjusting Journal Entry: BETA

Account	Debit		Credit
Bank Charges	$	23.54
B of A Checking			$	23.54
Totals	$	23.54	$	23.54

Memo: B of A — June

Journal Entry
Date: 07/20/2011	Adjusting Journal Entry: BETA

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

Memo: Q2 ‘11

Diversified Builder Services, Inc.
Profit & Loss
July 2011

	Total
Income
Total Income
Expenses
Bank Charges		23.54
U S Trustee		325.00
Total Expenses	$	348.54
Net Operating Income	$	-348.54
Net Income	$	-348.54

Diversified Builder Services, Inc.
Profit & Loss
December 5, 2008 — July 31, 2011

	Total
Income
Lafferty Tax Refunds		227,179.23
Total Income	$	227,179.23
Expenses
Appraisal Services		1,000.00
Bank Charges		596.99
Taxes & Licenses		0.00
U S Trustee		3,575.00
Total Expenses	$	5,171.99
Net Operating Income	$	222,007.24
Other Income
Other Income		-99.34
Total Other Income	$	-99.34
Net Other Income	$	-99.34
Net Income	$	221,907.90

Diversified Builder Services, Inc.
Balance Sheet
As of July 31, 2011

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		1,757,942.90
PFF Checking		0.00
PFF Checking - 10102		0.00
Total Bank Accounts	$	1,757,942.90
Total Current Assets	$	1,757,942.90
Other Assets
100% Loan Loss — Comm Loans — MI		-300,000.00
Accounts Receivable		288,500.00
Commercial LOC — MI		4,300,000.00
Commercial LOC Contra Asset — CLS		-1,050.00
Def Income — Comm Non Accr		-217,552.00
Partial Charge-Offs Comm. Unsecured		-2,579,081.00
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	$	-3,437,274.00
TOTAL ASSETS	$	-1,679,331.10
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		223,036.84
Net Income		-1,128.94
Total Equity	$	-16,616,544.10
TOTAL LIABILITIES AND EQUITY	$	-1,679,331.10

In re Diversified Builder Services, Inc.	Case No. 08-13129
	Reporting Period: 7/1/11 — 7/31/11

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
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 Diversified Builder Services, Inc.	08-13129
Debtor	7/1/11-7/31/11

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Accounts Receivable Reconciliation
Total Accounts Receivable at the beginning of the reporting period	$	4,300,000.00
- Amounts charged off during the period
- Amounts collected during the period
Total Accounts Receivable at the end of the reporting period	$	4,300,000.00
Accounts Receivable Aging
0 - 30 days old
31 -60 days old
61 - 90 days old
91+ days old	$	4,300,000.00
Total Accounts Receivable	$	4,300,000.00
Amount considered uncollectible (Bad Debt)	$	2,579,081.00
Accounts Receivable (Net)	$	1,720,911.00

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 PFF Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: 7/1/11 — 7/31/11

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	August 15, 2011
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: 7/1/11 — 7/31/11

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 filed. 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	$	22,311.72					$	22,311.72			$	25,725.04
RECEIPTS
CASH SALES
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS
OTHER (ATTACH LIST)
TRANSFERS (FROM DIP ACCTS)
TOTAL RECEIPTS
DISBURSEMENTS
NET PAYROLL
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES
INSURANCE
ADMINISTRATIVE	$	0.17					$	0.17			$	163.49
SELLING
OTHER (ATTACH LIST)
OWNER DRAW*
TRANSFERS (TO DIP ACCTS)
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES	$	325.00					$	325.00			$	3,575.00
COURT COSTS
TOTAL DISBURSEMENTS	$	325.17					$	325.17			$	3,738.49
NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	(325.17	)				$	(325.17	)		$	(3,738.49	)
CASH — END OF MONTH	$	21,986.55					$	21,986.55			$	21,986.55

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	325.17
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS	$
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)	$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	325.17

Account 8192

Account Name PFF Real Estate Services, Inc.

Reconciliation As of Date 7/31/11

Balance per Bank		$	21,977.38
Deposits in Transit
Date	Amount
Total
Outstanding Checks
Check #	Amount
Total
Other (List)
Bank charges on bank not on books		$	9.17
Balance per Books		$	21,986.55

In re PFF Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: 7/1/11 — 7/31/11

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

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

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

Bank of America LOGO	Account Number 8192
	01 01 149 01 M0000 E# 1
CUSTOMER CONNECTION	Last Statement: 06/30/2011
BANK OF AMERICA, N.A.	This Statement: 07/29/2011
DALLAS, TEXAS 75283-2406
	Customer Service 1-800-342-7722
PFF REAL ESTATE SERVICES, INC.
DEBTOR IN POSSESSION #08-13130
2058 N. MILLS AVE #139	Page 1 of 2
CLAREMONT CA 91711
	Bankruptcy Case Number: 0813130

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information

Statement Period	07/01/2011 – 07/29/2011	Statement Beginning Balance	$	22,311.55
Number of Deposits/Credits	0	Amount of Deposits/Credits	$	0.00
Number of Checks	1	Amount of Checks	$	325.00
Number of Other Debits	4	Amount of Other Debits	$	9.17
		Statement Ending Balance	$	21,977.38
Number of Enclosures	1
		Service Charge	$	9.17

Withdrawals and Debits

Checks

Check			Date		Bank		Check		Date	Bank
Number	Amount		Posted		Reference		Number	Amount	Posted	Reference
1012	$	325.00		07/28		6492222974

Other Debits

Date	Customer					Bank
Posted	Reference		Amount		Description	Reference
07/06		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900019
07/06		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE		09939900010
07/06		1	$	5.00	STATEMENT ACTIVITY PRINT		09939900008
07/29			$	0.17	FDIC ASSESSMENT

Daily Balances

Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
06/30	$	22,311.55	$	22,311.55		07/28	$	21,977.55	$	21,977.55
07/06	$	22,302.55	$	22,302.55		07/29	$	21,977.38	$	21,977.38

	Account Number 8192
CUSTOMER CONNECTION	01 01 149 01 M0000 E# 1
BANK OF AMERICA, N.A.	Last Statement: 06/30/2011
DALLAS, TEXAS 75283-2406	This Statement: 07/29/2011
	Customer Service 1-800-342-7722
PFF REAL ESTATE SERVICES, INC.
	Page 2 of 2
	Bankruptcy Case Number: 0813130

IMPORTANT INFORMATION

CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.

TERMS AND CONDITIONS. All deposits to, withdrawals from, or other transactions pertaining to your account(s) are subject to the terms and conditions of the agreement you received when you opened your account and any amendments thereto. Amendments to the agreement may be made from time to time in the manner stated therein.

IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS. If you think your statement or receipt is wrong or if you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals, point-of-sale transactions) on the statement or receipt, telephone or write us at the address or number listed on the front of this statement as soon you can. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared.

*	Tell us your name and account number
*	Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information
*	Tell us the dollar amount of the suspected error.

For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation.

For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.

DIRECT DEPOSITS.

If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you may call us at the telephone number listed on the front of this statement to find out if the deposit was made as scheduled.

REPORTING OTHER PROBLEMS.

You must examine your statement carefully and promptly. You are in the best position to discover errors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or unauthorized transactions within the time periods specified in the deposit agreement (which periods are no more than 60 days after we make the statement available to you and in some cases are 30 days or less), we are not liable to you for, and you agree not to make a claim against us for the problems or unauthorized transactions.

PFF Real Estate Services, Inc.
Transaction Detail by Account
July 2011

	Date	Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
	07/01/2011	Journal Entry		47			-SPLIT-		-0.17		-0.17
	07/20/2011	Journal Entry		48			-SPLIT-		-325.00		-325.17
Total for B of A Checking									-325.17
Bank Charges
	07/01/2011	Journal Entry		47			-SPLIT-		0.17		0.17
Total for Bank Charges									0.17
U S Trustee
	07/20/2011	Journal Entry		48			-SPLIT-		325.00		325.00
Total for U S Trustee									325.00

Journal Entry

Adjusting Journal Entry: BETA

Date: 07/01/2011

Account	Debit		Credit
Bank Charges	$	0.17
B of A Checking			$	0.17
Totals	$	0.17	$	0.17

Memo: B of A — June

Journal Entry

Adjusting Journal Entry: BETA

Date: 07/20/2011

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

Memo: Q2 ‘11

PFF Real Estate Services, Inc.
Profit & Loss
July 2011

	Total
Income
Total Income
Expenses
Bank Charges		0.17
U S Trustee		325.00
Total Expenses	$	325.17
Net Operating Income	$	-325.17
Net Income	$	-325.17

PFF Real Estate Services, Inc.
Profit & Loss
December 5, 2008 — July 31, 2011

	Total
Income
Total Income
Expenses
Bank Charges		163.49
U S Trustee		3,575.00
Total Expenses	$	3,738.49
Net Operating Income	$	-3,738.49
Other Income
Other Income		0.04
Total Other Income	$	0.04
Net Other Income	$	0.04
Net Income	$	-3,738.45

PFF Real Estate Services, Inc.
Balance Sheet
As of July 31, 2011

	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		21,986.55
PFF Checking		0.00
Total Bank Accounts	$	21,986.55
Total Current Assets	$	21,986.55
TOTAL ASSETS	$	21,986.55
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		-2,744.06
Net Income		-994.39
Total Equity	$	21,986.55
TOTAL LIABILITIES AND EQUITY	$	21,986.55

In re PFF Real Estate Services, Inc.	Case No. 08-13130
	Reporting Period: 7/1/11 — 7/31/11

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
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.	08-13130
Debtor	7/1/11 — 7/31/11

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
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