Exhibit 99.1
UNITED STATES BANKRUPTCY COURT
MOR-1
| CASE NAME: | Southern Investors Service Company, Inc. | PETITION DATE: | April 8, 2005 | |||
| CASE NUMBER: | 05-35538-H4-11 | DISTRICT OF TEXAS: | Southern | |||
| PROPOSED PLAN DATE: | 5/16/2005 | DIVISION: | Houston |
MONTHLY OPERATING REPORT SUMMARY FOR MONTH JUNE 2005
MONTH | April | May | June | ||||||||||||||||||
REVENUES (MOR-6) | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||
INCOME BEFORE INT; DEPREC./TAX (MOR-6) | $ | (733.00 | ) | $ | (35,125.63 | ) | $ | (16,661.49 | ) | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||
NET INCOME (LOSS) (MOR-6) | $ | 3,286.83 | $ | (32,581.22 | ) | $ | (22,793.11 | ) | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||
PAYMENTS TO INSIDERS (MOR-9) | $ | 0.00 | $ | 100.00 | $ | 2,733.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||
PAYMENTS TO PROFESSIONALS (MOR-9) | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||
TOTAL DISBURSEMENTS (MOR-8) | $ | 0.00 | $ | 1,813.90 | $ | 17,070.70 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||
***The original of this document must be filed with the United States Bankruptcy Court and a copy must be sent to the United States Trustee***
REQUIRED INSURANCE MAINTAINED AS OF SIGNATURE DATE | EXP. DATE | |||
CASUALTY YES ( x ) NO ( ) | 2-01-2006 | |||
LIABILITY YES ( x ) NO ( ) | 2-01-2006 | |||
VEHICLE YES ( x ) NO ( ) | 2-01-2006 | |||
WORKER’S YES ( ) NO ( x ) | - - | |||
OTHER YES ( x ) NO ( ) | 3-15-2006 | |||
| CIRCLE ONE | ||
Are all accounts receivable being collected within terms? | No | |
Are all post-petition liabilities, including taxes, being paid within terms? | Yes | |
Have any pre-petition liabilities been paid? | No | |
If so, describe | ||
Are all funds received being deposited into DIP bank accounts? | Yes | |
Were any assets disposed of outside the normal course of business? | No | |
If so, describe | ||
Are all U.S. Trustee Quarterly Fee Payments current? | Yes | |
What is the status of your Plan of Reorganization? | ||
The Debtor filed its First Amended Plan of Distribution on July 7, 2005.
A confirmation hearing on the Debtor’s First Amended Plan of Distribution is scheduled for August 31, 2005
| ATTORNEY NAME: | Gary C. Miller | |
| FIRM NAME: | Andrews Kurth LLP | |
| ADDRESS: | 600 Travis | |
| Suite 4200 | ||
| CITY, STATE, ZIP: | Houston,Texas 77002 | |
| TELEPHONE/FAX: | Ph 713-2204200 Fax 713-220-4285 |
I certify under penalty of perjury that the following complete Monthly Operating Report (MOR), consisting of MOR-1 through MOR-9 plus attachments, is true and correct.
| SIGNED X | /s/ Eric Schumann | TITLE: | Senior Vice-President | |||
| (ORIGINAL SIGNATURE) | ||||||
/s/ Eric Schumann | 7/20/2005 | |||||
| (PRINT NAME OF SIGNATORY) | DATE Revised 07/01/98 | |||||
MOR-1
CASE NAME: Southern Investors Service Company, Inc. | ||
CASE NUMBER: 05-35538-H4-11 | ||
COMPARATIVE BALANCE SHEETS
| FILING DATE 4/8/2005 0:00 | MONTH April | MONTH May | MONTH June | MONTH | MONTH | MONTH | |||||||||||||||
ASSETS | |||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||
Cash | $ | 1,987,139.56 | $ | 1,993,290.29 | $ | 1,996,539.97 | $ | 1,983,877.27 | |||||||||||||
Accounts Receivable, Net | $ | 32,328.76 | $ | 30,197.86 | $ | 29,492.59 | $ | 28,947.00 | |||||||||||||
Inventory: Lower of Cost or Market | |||||||||||||||||||||
Prepaid Expenses | |||||||||||||||||||||
Investments | $ | 703,000.00 | $ | 703,000.00 | $ | 703,000.00 | $ | 703,000.00 | |||||||||||||
Other | |||||||||||||||||||||
TOTAL CURRENT ASSETS | $ | 2,722,468.32 | $ | 2,726,488.15 | $ | 2,729,032.56 | $ | 2,715,824.27 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||
PROPERTY, PLANT & EQUIP. @ COST | |||||||||||||||||||||
Less Accumulated Depreciation | |||||||||||||||||||||
NET BOOK VALUE OF PP & E | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||
OTHER ASSETS | |||||||||||||||||||||
1. Tax Deposits | |||||||||||||||||||||
2. Investments in Subsidiaries | |||||||||||||||||||||
3. Electric Deposit | |||||||||||||||||||||
4. | |||||||||||||||||||||
TOTAL ASSETS | $ | 2,722,468.32 | $ | 2,726,488.15 | $ | 2,729,032.56 | $ | 2,715,824.27 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||
| MOR-2 | Revised 07/01/98 |
CASE NAME: Southern Investors Service Company, Inc. | ||
CASE NUMBER: 05-35538-H4-11 | ||
COMPARATIVE BALANCE SHEETS
| FILING DATE 4/8/2005 | MONTH April | MONTH May | MONTH June | MONTH | MONTH | MONTH | |||||||||||||||||||
LIABILITIES & OWNER’S EQUITY | |||||||||||||||||||||||||
LIABILITIES | |||||||||||||||||||||||||
POST-PETITION LIABILITIES (MOR-4) | $ | 733.00 | $ | 35,858.63 | $ | 45,443.45 | |||||||||||||||||||
PRE-PETITION LIABILITIES | |||||||||||||||||||||||||
Notes Payable - Secured | |||||||||||||||||||||||||
Priority Debt | $ | 1,706.04 | $ | 1,706.04 | $ | 1,706.04 | $ | 1,706.04 | |||||||||||||||||
Federal Income Tax | |||||||||||||||||||||||||
FICA/Withholding | |||||||||||||||||||||||||
Unsecured Debt | $ | 8,634,350.43 | $ | 8,634,350.43 | $ | 8,634,350.43 | $ | 8,634,350.43 | |||||||||||||||||
Other | |||||||||||||||||||||||||
TOTAL PRE-PETITION LIABILITIES | $ | 8,636,056.47 | $ | 8,636,056.47 | $ | 8,636,056.47 | $ | 8,636,056.47 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||
TOTAL LIABILITIES | $ | 8,636,056.47 | $ | 8,636,789.47 | $ | 8,671,915.10 | $ | 8,681,499.92 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||
OWNER’S EQUITY (DEFICIT) | |||||||||||||||||||||||||
PREFERRED STOCK | |||||||||||||||||||||||||
COMMON STOCK | $ | 3,281,331.00 | $ | 3,281,331.00 | $ | 3,281,331.00 | $ | 3,281,331.00 | |||||||||||||||||
ADDITIONAL PAID-IN CAPITAL | $ | 2,905,072.00 | $ | 2,905,072.00 | $ | 2,905,072.00 | $ | 2,905,072.00 | |||||||||||||||||
RETAINED EARNINGS: Filing Date | $ | (12,099,991.15 | ) | $ | (12,099,991.15 | ) | $ | (12,099,991.15 | ) | $ | (12,099,991.15 | ) | |||||||||||||
RETAINED EARNINGS: Post Filing Date | $ | 3,286.83 | $ | (29,294.39 | ) | $ | (52,087.50 | ) | |||||||||||||||||
TOTAL OWNER’S EQUITY (NET WORTH) | $ | (5,913,588.15 | ) | $ | (5,910,301.32 | ) | $ | (5,942,882.54 | ) | $ | (5,965,675.65 | ) | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||
TOTAL LIABILITIES & OWNERS EQUITY | $ | 2,722,468.32 | $ | 2,726,488.15 | $ | 2,729,032.56 | $ | 2,715,824.27 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||
| MOR-3 | Revised 07/01/98 |
CASE NAME: Southern Investors Service Company, Inc. | ||
CASE NUMBER: 05-35538-H4-11 | ||
SCHEDULE OF POST-PETITION LIABILITIES
| MONTH April | MONTH May | MONTH June | MONTH | MONTH | MONTH | |||||||||||||
TRADE ACCOUNTS PAYABLE | ||||||||||||||||||
TAX PAYABLE | ||||||||||||||||||
Federal Payroll Taxes | ||||||||||||||||||
State Payroll Taxes | ||||||||||||||||||
Ad Valorem Taxes | ||||||||||||||||||
Other Taxes | ||||||||||||||||||
TOTAL TAXES PAYABLE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||
SECURED DEBT POST-PETITION | ||||||||||||||||||
ACCRUED INTEREST PAYABLE | ||||||||||||||||||
ACCRUED PROFESSIONAL FEES* | 34,125.63 | 45,443.45 | ||||||||||||||||
OTHER ACCRUED LIABILITIES | �� | |||||||||||||||||
1. Management Fee | 733.00 | 1,733.00 | 0.00 | |||||||||||||||
2. | ||||||||||||||||||
3. | ||||||||||||||||||
TOTAL POST-PETITION LIABILITIES (MOR-3) | $ | 733.00 | $ | 35,858.63 | $ | 45,443.45 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||
| * | Payment requires Court Approval |
| MOR-4 | Revised 07/01/98 |
CASE NAME: Southern Investors Service Company, Inc. | ||
CASE NUMBER: 05-35538-H4-11 | ||
AGING OF POST-PETITION LIABILITIES MONTH June
DAYS | TOTAL | TRADE ACCOUNTS | FEDERAL TAXES | STATE TAXES | AD VALOREM, OTHER TAXES | MONTH | ||||||||||||
0-30 | 11,317.82 | 11,317.82 | ||||||||||||||||
31-60 | 34,125.63 | 34,125.63 | ||||||||||||||||
61-90 | 0.00 | |||||||||||||||||
91+ | 0.00 | |||||||||||||||||
TOTAL | $ | 45,443.45 | $ | 45,443.45 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||
| AGING OF ACCOUNTS RECEIVABLE | ||||||||||||||||||
MONTH | ||||||||||||||||||
0-30 DAYS | ||||||||||||||||||
31-60 DAYS | ||||||||||||||||||
61-90 DAYS | ||||||||||||||||||
91+ DAYS | ||||||||||||||||||
TOTAL | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||
| MOR-5 | Revised 07/01/98 |
CASE NAME: Southern Investors Service Company, Inc. | ||
CASE NUMBER: 05-35538-H4-11 | ||
STATEMENT OF INCOME (LOSS)
| MONTH April | MONTH May | MONTH June | MONTH | MONTH | MONTH | FILING TO DATE | |||||||||||||||||||
REVENUES (MOR-1) | $ | 0.00 | |||||||||||||||||||||||
TOTAL COST OF REVENUES | $ | 0.00 | |||||||||||||||||||||||
GROSS PROFIT | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||
OPERATING EXPENSES: | |||||||||||||||||||||||||
Selling & Marketing | $ | 0.00 | |||||||||||||||||||||||
General & Administrative | $ | 0.00 | |||||||||||||||||||||||
Insiders Compensation (Management Fee) | $ | 733.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 2,733.00 | |||||||||||||||||
Professional Fees | $ | 34,125.63 | $ | 15,661.49 | $ | 49,787.12 | |||||||||||||||||||
Other | $ | 0.00 | |||||||||||||||||||||||
Other | $ | 0.00 | |||||||||||||||||||||||
TOTAL OPERATING EXPENSES | $ | 733.00 | $ | 35,125.63 | $ | 16,661.49 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 52,520.12 | |||||||||||
INCOME BEFORE INT, DEPR/TAX (MOR-1) | $ | (733.00 | ) | $ | (35,125.63 | ) | $ | (16,661.49 | ) | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | (52,520.12 | ) | |||||||
INTEREST EXPENSE | $ | 0.00 | |||||||||||||||||||||||
DEPRECIATION | $ | 0.00 | |||||||||||||||||||||||
OTHER (INCOME) EXPENSE* | $ | (4,019.83 | ) | $ | (2,544.41 | ) | $ | 6,131.62 | $ | (432.62 | ) | ||||||||||||||
OTHER ITEMS** | $ | 0.00 | |||||||||||||||||||||||
TOTAL INT, DEPR & OTHER ITEMS | $ | (4,019.83 | ) | $ | (2,544.41 | ) | $ | 6,131.62 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | (432.62 | ) | ||||||||
NET INCOME BEFORE TAXES | $ | 3,286.83 | $ | (32,581.22 | ) | $ | (22,793.11 | ) | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | (52,087.50 | ) | ||||||||
FEDERAL INCOME TAXES | $ | 0.00 | |||||||||||||||||||||||
NET INCOME (LOSS) (MOR-1) | $ | 3,286.83 | $ | (32,581.22 | ) | $ | (22,793.11 | ) | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | (52,087.50 | ) | ||||||||
Accrual Accounting Required, Otherwise Footnote with Explanation.
| * | Footnote Mandatory. |
| ** | Unusual and/or infrequent item(s) outside the ordinary course of business requires footnote. |
| MOR-6 | Revised 07/01/98 |
Southern Investors Service Company, Inc.
Other Income & Expense
Attachment to MOR 6
| April | May | June | |||||||||
Interest Income | $ | 3,985.83 | $ | 3,852.79 | $ | 3,852.41 | |||||
Fee Income | $ | 25.00 | $ | 15.00 | $ | 10.00 | |||||
Void Check | $ | 9.00 | $ | — | $ | — | |||||
Royalties | $ | — | $ | 490.52 | $ | — | |||||
Other Income | $ | 4,019.83 | $ | 4,358.31 | $ | 3,862.41 | |||||
Securities & Exchange Reporting | $ | — | $ | 1,210.93 | $ | 9,195.09 | |||||
Repairs Maintenance | $ | — | $ | 100.00 | $ | — | |||||
General Administrative | $ | — | $ | 484.76 | $ | 798.94 | |||||
Other | $ | — | $ | 18.21 | $ | — | |||||
Other Disbursements | $ | — | $ | 1,813.90 | $ | 9,994.03 | |||||
Other (Income) Expense | $ | (4,019.83 | ) | $ | (2,544.41 | ) | $ | 6,131.62 | |||
CASE NAME: Southern Investors Service Company, Inc. | ||
CASE NUMBER: 05-35538-H4-11 | ||
CASH RECEIPTS AND | MONTH April | MONTH May | MONTH June | MONTH | MONTH | MONTH | FILING TO DATE | ||||||||||||||||
1. CASH-BEGINNING OF MONTH | $ | 1,987,139.56 | $ | 1,993,290.29 | $ | 1,996,539.97 | $ | 1,983,877.27 | $ | 1,983,877.27 | $ | 1,983,877.27 | $ | 1,987,139.56 | |||||||||
RECEIPTS: | |||||||||||||||||||||||
2. CASH SALES | $ | 0.00 | |||||||||||||||||||||
3. COLLECTION OF ACCOUNTS RECEIVABLE | $ | 0.00 | |||||||||||||||||||||
4. LOANS & ADVANCES (attach list) | $ | 2,130.90 | $ | 705.27 | $ | 545.59 | $ | 3,381.76 | |||||||||||||||
5. SALE OF ASSETS | $ | 0.00 | |||||||||||||||||||||
6. OTHER (attach list) | $ | 4,019.83 | $ | 4,358.31 | $ | 3,862.41 | $ | 12,240.55 | |||||||||||||||
TOTAL RECEIPTS** | $ | 6,150.73 | $ | 5,063.58 | $ | 4,408.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 15,622.31 | |||||||||
(Withdrawal) Contribution by Individual Debtor MFR-2* | $ | 0.00 | |||||||||||||||||||||
DISBURSEMENTS: | |||||||||||||||||||||||
7. NET PAYROLL | $ | 0.00 | |||||||||||||||||||||
8. PAYROLL TAXES PAID | $ | 0.00 | |||||||||||||||||||||
9. SALES, USE & OTHER TAXES PAID | $ | 0.00 | |||||||||||||||||||||
10. SECURED/RENTAL/LEASES | $ | 0.00 | |||||||||||||||||||||
11. UTILITIES & TELEPHONE | $ | 0.00 | |||||||||||||||||||||
12. INSURANCE | $ | 0.00 | |||||||||||||||||||||
13. INVENTORY PURCHASES | $ | 0.00 | |||||||||||||||||||||
14. VEHICLE EXPENSES | $ | 0.00 | |||||||||||||||||||||
15. TRAVEL & ENTERTAINMENT | $ | 0.00 | |||||||||||||||||||||
16. REPAIRS, MAINTENANCE & SUPPLIES | $ | 100.00 | $ | 100.00 | |||||||||||||||||||
17. ADMINISTRATIVE & SELLING | $ | 484.76 | $ | 798.94 | $ | 1,283.70 | |||||||||||||||||
18. OTHER (attach list) | $ | 1,229.14 | $ | 11,928.09 | $ | 13,157.23 | |||||||||||||||||
TOTAL DISBURSEMENTS FROM OPERATIONS | $ | 0.00 | $ | 1,813.90 | $ | 12,727.03 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 14,540.93 | |||||||||
19. PROFESSIONAL FEES | $ | 4,343.67 | $ | 4,343.67 | |||||||||||||||||||
20. U.S. TRUSTEE FEES | $ | 0.00 | |||||||||||||||||||||
21. OTHER REORGANIZATION EXPENSES (attach list) | $ | 0.00 | |||||||||||||||||||||
TOTAL DISBURSEMENTS** | $ | 0.00 | $ | 1,813.90 | $ | 17,070.70 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 18,884.60 | |||||||||
22. NET CASH FLOW | $ | 6,150.73 | $ | 3,249.68 | $ | (12,662.70 | ) | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | (3,262.29 | ) | |||||||
23. CASH - END OF MONTH (MOR-2) | $ | 1,993,290.29 | $ | 1,996,539.97 | $ | 1,983,877.27 | $ | 1,983,877.27 | $ | 1,983,877.27 | $ | 1,983,877.27 | $ | 1,983,877.27 | |||||||||
| * | Applies to Individual debtors only |
| ** | Numbers for the current month should balance (match) |
RECEIPTS and CHECKS/OTHER DISBURSEMENTS lines on MOR-8
| MOR-7 | Revised 07/01/98 |
Southern Investors Service Company, Inc.
Notes Receivable Analysis June, 2005
Attachment to MOR 7
Note No. | Name of Payee | Note Maturity | Int Rate | Monthly Payment | Balance 31-May-05 | Interest | Principal | Late Fee | Total Payment | Balance 30-Jun-05 | ||||||||||||||||||
1275 | SULLIVAN, JANET S | 1-Apr-06 | 9.50 | % | $ | 82.82 | $ | 1,113.91 | $ | 8.82 | $ | 74.00 | $ | — | $ | 82.82 | $ | 1,039.91 | ||||||||||
N/A | GOSSIEN, FRED | 10-Oct-09 | 8.25 | % | $ | 78.50 | $ | 3,479.10 | $ | 23.92 | $ | 54.58 | $ | — | $ | 78.50 | $ | 3,424.52 | ||||||||||
1287 | HURT, PAUL & RENEE | 1-Oct-08 | 8.50 | % | $ | 138.86 | $ | 5,010.93 | $ | 70.25 | $ | 209.97 | $ | 2.50 | $ | 282.72 | $ | 4,800.96 | ||||||||||
N/A | LEROY, STEPHEN & APRIL | 15-Oct-09 | 8.00 | % | $ | 48.53 | $ | 2,060.41 | $ | — | $ | — | $ | — | $ | — | $ | 2,060.41 | ||||||||||
N/A | SULLIVAN, JR | 1-Sep-09 | 8.25 | % | $ | 157.00 | $ | 7,119.78 | $ | 146.85 | $ | 95.65 | $ | 7.50 | $ | 250.00 | $ | 7,024.13 | ||||||||||
N/A | SULLIVAN, JANET | 1-Mar-10 | 8.00 | % | $ | 61.88 | $ | 2,968.51 | $ | 19.79 | $ | 42.09 | $ | — | $ | 61.88 | $ | 2,926.42 | ||||||||||
1289 | THOMPSON, ELIZABETH | 25-Feb-09 | 8.50 | % | $ | 49.59 | $ | 1,906.01 | $ | 13.50 | $ | 36.09 | $ | — | $ | 49.59 | $ | 1,869.92 | ||||||||||
N/A | THOMPSON, ELIZABETH | 1-Mar-10 | 8.00 | % | $ | 48.52 | $ | 2,295.96 | $ | 15.31 | $ | 33.21 | $ | — | $ | 48.52 | $ | 2,262.75 | ||||||||||
1288 | WHITE, SCOTT R | 1-Feb-09 | 8.50 | % | $ | 79.35 | $ | 3,537.98 | $ | — | $ | — | $ | — | $ | — | $ | 3,537.98 | ||||||||||
| $ | 29,492.59 | $ | 298.44 | $ | 545.59 | $ | 10.00 | $ | 854.03 | $ | 28,947.00 | |||||||||||||||||
Southern Investors Service Company, Inc.
Attachment to MOR 7
Receipts | April | May | June | ||||||
Royalties | $ | 0.00 | $ | 490.52 | $ | 0.00 | |||
Interest Earned | $ | 3,985.83 | $ | 3,852.79 | $ | 3,852.41 | |||
Fee Income | $ | 25.00 | $ | 15.00 | $ | 10.00 | |||
Voided Check | $ | 9.00 | $ | 0.00 | $ | 0.00 | |||
| $ | 4,019.83 | $ | 4,358.31 | $ | 3,862.41 | ||||
Disbursements | April | May | June | ||||||
Securities & Exchange Reporting | $ | 0.00 | $ | 1,210.93 | $ | 9,195.09 | |||
Other | $ | 0.00 | $ | 18.21 | $ | 0.00 | |||
Management Fees | $ | 0.00 | $ | 0.00 | $ | 2,733.00 | |||
| $ | 0.00 | $ | 1,229.14 | $ | 11,928.09 | ||||
CASE NAME: Southern Investors Service Company, Inc. | ||
CASE NUMBER: 05-35538-H4-11 | ||
CASH ACCOUNT RECONCILIATION
MONTH OF Jun-05
BANK NAME | Amegy | Amegy | |||||||||||||||||||
ACCOUNT NUMBER | #515737756 | #51573705 | |||||||||||||||||||
ACCOUNT TYPE | OPERATING | MONEY MARKET | OTHER FUNDS | MONEY MARKET | MONEY MARKET | MONEY MARKET | TOTAL | ||||||||||||||
BANK BALANCE | $ | 45,665.88 | $ | 1,944,308.73 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,989,974.61 | |||||||
DEPOSITS IN TRANSIT | $ | 0.00 | $ | 0.00 | |||||||||||||||||
OUTSTANDING CHECKS | $ | 6,097.34 | $ | 6,097.34 | |||||||||||||||||
ADJUSTED BANK BALANCE | $ | 39,568.54 | $ | 1,944,308.73 | $ | 0.00 | $ | 0.00 | $ | 1,996,071.95 | |||||||||||
BEGINNING CASH - PER BOOKS | $ | 55,785.21 | $ | 1,940,754.76 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,996,539.97 | |||||||||
RECEIPTS* | $ | 854.03 | $ | 3,553.97 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 4,408.00 | |||||||||
TRANSFERS BETWEEN ACCOUNTS | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||
(WITHDRAWAL) OR INDIVIDUAL CONTRIBUTION BY DEBTOR MFR-2 | $ | 0.00 | |||||||||||||||||||
CHECKS/OTHER DISBURSEMENTS* | $ | 17,070.70 | $ | 17,070.70 | |||||||||||||||||
ENDING CASH - PER BOOKS | $ | 39,568.54 | $ | 1,944,308.73 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,983,877.27 |
| * | Numbers should balance (match) TOTAL RECEIPTS and TOTAL DISBURSEMENTS lines on MOR-7 |
| MOR-8 | Revised 07/01/98 |
CASE NAME: Southern Investors Service Company, Inc. | ||
CASE NUMBER: 05-35538-H4-11 | ||
PAYMENTS TO INSIDERS AND PROFESSIONALS
Of the total disbursements shown for the month, list the amount paid to insiders (as defined in Section 101(31)(A)-(F) of the U.S. Bankruptcy Code) and the professionals.
Also, for insiders, identify the type of compensation paid (e.g., salary, commission, bonus, etc.) (Attach additional pages as necessary).
INSIDERS: NAME/COMP TYPE | MONTH April | MONTH May | MONTH June | MONTH | MONTH | MONTH | ||||||||||||
1. PMW, Inc (Paula Mischer) Mowing | 100.00 | |||||||||||||||||
2. Mischer Investments, L.P. Management Fee | 2,733.00 | |||||||||||||||||
3. | ||||||||||||||||||
4. | ||||||||||||||||||
5. | ||||||||||||||||||
6. | ||||||||||||||||||
TOTAL INSIDERS (MOR-1) | $ | 0.00 | $ | 100.00 | $ | 2,733.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||
PROFESSIONALS | MONTH | MONTH | MONTH | MONTH | MONTH | MONTH | ||||||||||||
1. | ||||||||||||||||||
2. | ||||||||||||||||||
3. | ||||||||||||||||||
4. | ||||||||||||||||||
5. | ||||||||||||||||||
6. | ||||||||||||||||||
TOTAL PROFESSIONALS (MOR-1) | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||
| MOR-9 | Revised 07/01/98 |
