Exhibit 99.1
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| MOR-1 | | UNITED STATES BANKRUPTCY COURT | | |
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| 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 JULY 2005
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MONTH
| | April
| | | May
| | | June
| | | July
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REVENUES (MOR-6) | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | $ | 0.00 |
INCOME BEFORE INT; DEPREC./TAX (MOR-6) | | $ | (733.00 | ) | | $ | (31,113.13 | ) | | $ | (16,661.49 | ) | | $ | (18,073.65 | ) | | $ | 0.00 | | $ | 0.00 |
NET INCOME (LOSS) (MOR-6) | | $ | 3,286.83 | | | $ | (28,568.72 | ) | | $ | (22,793.11 | ) | | $ | (25,644.07 | ) | | $ | 0.00 | | $ | 0.00 |
PAYMENTS TO INSIDERS (MOR-9) | | $ | 0.00 | | | $ | 100.00 | | | $ | 2,733.00 | | | $ | 1,000.00 | | | $ | 0.00 | | $ | 0.00 |
PAYMENTS TO PROFESSIONALS (MOR-9) | | $ | 0.00 | | | $ | 0.00 | | | $ | 4,343.67 | | | $ | 0.00 | | | $ | 0.00 | | $ | 0.00 |
TOTAL DISBURSEMENTS (MOR-8) | | $ | 0.00 | | | $ | 1,813.90 | | | $ | 17,070.70 | | | $ | 12,907.48 | | | $ | 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*** |
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REQUIRED INSURANCE MAINTAINED AS OF SIGNATURE DATE
| | EXP. DATE
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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 | | YES x NO ¨ | | 3-15-2006 |
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| | | CIRCLE ONE
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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? | | |
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| | | | | 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 |
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ATTORNEY NAME: | | Gary C. Miller | | 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. |
FIRM NAME: | | Andrews Kurth LLP | |
ADDRESS: | | 600 Travis | |
| | | Suite 4200 | |
CITY, STATE, ZIP: | | Houston, Texas 77002 | | SIGNED X /s/ Eric Schumann | | Senior Vice-President |
TELEPHONE/FAX: | | Ph 713-2204200 Fax 713-220-4285 | | (ORIGINAL SIGNATURE) | | | | |
| | | | | /s/ Eric Schumann | | 8/15/2005 |
MOR-1 | | | | (PRINT NAME OF SIGNATORY) | | DATE | | Revised 07/01/98 |
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| CASE NAME: | | Southern Investors Service Company, Inc. |
| CASE NUMBER: | | 05-35538-H4-11 |
COMPARATIVE BALANCE SHEETS
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| | | FILING DATE 4/8/2005 0:00
| | MONTH April
| | MONTH May
| | MONTH June
| | MONTH July
| | MONTH
| | MONTH
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ASSETS | | | | | | | | | | | | | | | | | | | | | |
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CURRENT ASSETS | | | | | | | | | | | | | | | | | | | | | |
Cash | | $ | 1,987,139.56 | | $ | 1,993,290.29 | | $ | 1,996,539.97 | | $ | 1,983,877.27 | | $ | 1,975,666.38 | | | | | | |
Accounts Receivable, Net | | $ | 32,328.76 | | $ | 30,197.86 | | $ | 29,492.59 | | $ | 28,947.00 | | $ | 28,587.47 | | | | | | |
Inventory: Lower of Cost or Market | | | | | | | | | | | | | | | | | | | | | |
Prepaid Expenses | | | | | | | | | | | | | | | | | | | | | |
Investments | | $ | 703,000.00 | | $ | 703,000.00 | | $ | 703,000.00 | | $ | 703,000.00 | | $ | 703,000.00 | | | | | | |
Other | | | | | | | | | | | | | | | | | | | | | |
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TOTAL CURRENT ASSETS | | $ | 2,722,468.32 | | $ | 2,726,488.15 | | $ | 2,729,032.56 | | $ | 2,715,824.27 | | $ | 2,707,253.85 | | $ | 0.00 | | $ | 0.00 |
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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 | | | | | | | | | | | | | | | | | | | | | |
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TOTAL ASSETS | | $ | 2,722,468.32 | | $ | 2,726,488.15 | | $ | 2,729,032.56 | | $ | 2,715,824.27 | | $ | 2,707,253.85 | | $ | 0.00 | | $ | 0.00 |
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| CASE NAME: | | Southern Investors Service Company, Inc. |
| CASE NUMBER: | | 05-35538-H4-11 |
COMPARATIVE BALANCE SHEETS
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| | | FILING DATE
4/8/2005
| | | MONTH April
| | | MONTH May *
| | | MONTH June
| | | MONTH July
| | | MONTH
| | MONTH
|
LIABILITIES & OWNER’S EQUITY | | | | | | | | | | | | | | | | | | | | | | | | | | |
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LIABILITIES | | | | | | | | | | | | | | | | | | | | | | | | | | |
POST-PETITION LIABILITIES(MOR-4) | | | | | | $ | 733.00 | | | $ | 31,846.13 | | | $ | 41,430.95 | | | $ | 58,504.60 | | | | | | | |
PRE-PETITION LIABILITIES | | | | | | | | | | | | | | | | | | | | | | | | | | |
Notes Payable - Secured | | | | | | | | | | | | | | | | | | | | | | | | | | |
Priority Debt | | $ | 1,706.04 | | | $ | 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 | | | $ | 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 | | | $ | 8,636,056.47 | | | $ | 0.00 | | $ | 0.00 |
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TOTAL LIABILITIES | | $ | 8,636,056.47 | | | $ | 8,636,789.47 | | | $ | 8,667,902.60 | | | $ | 8,677,487.42 | | | $ | 8,694,561.07 | | | $ | 0.00 | | $ | 0.00 |
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OWNER’S EQUITY (DEFICIT) | | | | | | | | | | | | | | | | | | | | | | | | | | |
PREFERRED STOCK | | | | | | | | | | | | | | | | | | | | | | | | | | |
COMMON STOCK | | $ | 3,281,331.00 | | | $ | 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 | | | $ | 2,905,072.00 | | | | | | | |
RETAINED EARNINGS: Filing Date | | $ | (12,099,991.15 | ) | | $ | (12,099,991.15 | ) | | $ | (12,099,991.15 | ) | | $ | (12,099,991.15 | ) | | $ | (12,099,991.15 | ) | | | | | | |
RETAINED EARNINGS: Post Filing Date | | | | | | $ | 3,286.83 | | | $ | (25,281.89 | ) | | $ | (48,075.00 | ) | | $ | (73,719.07 | ) | | | | | | |
TOTAL OWNER’S EQUITY (NET WORTH) | | $ | (5,913,588.15 | ) | | $ | (5,910,301.32 | ) | | $ | (5,938,870.04 | ) | | $ | (5,961,663.15 | ) | | $ | (5,987,307.22 | ) | | $ | 0.00 | | $ | 0.00 |
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TOTAL LIABILITIES & OWNERS EQUITY | | $ | 2,722,468.32 | | | $ | 2,726,488.15 | | | $ | 2,729,032.56 | | | $ | 2,715,824.27 | | | $ | 2,707,253.85 | | | $ | 0.00 | | $ | 0.00 |
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| * | Note that the postpetition liablities for May have been reduced by $4,012.50 to reflect a recent adjustment of the invoice of Andrews Kurth LLP |
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| CASE NAME: | | Southern Investors Service Company, Inc. |
| CASE NUMBER: | | 05-35538-H4-11 |
SCHEDULE OF POST-PETITION LIABILITIES
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| | | MONTH
April
| | MONTH
May
| | MONTH
June
| | MONTH
July
| | 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* | | | | | | 30,113.13 | | | 41,430.95 | | | 58,504.60 | | | | | | |
OTHER ACCRUED LIABILITIES | | | | | | | | | | | | | | | | | | |
1. Management Fee | | | 733.00 | | | 1,733.00 | | | 0.00 | | | | | | | | | |
2. | | | | | | | | | | | | | | | | | | |
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TOTAL POST-PETITION LIABILITIES (MOR-3) | | $ | 733.00 | | $ | 31,846.13 | | $ | 41,430.95 | | $ | 58,504.60 | | $ | 0.00 | | $ | 0.00 |
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| * | Payment requires Court Approval * |
| * | Note that the professional fees for May have been reduced by $4,012.50 to reflect a recent adjustment of the invoice of Andrews Kurth LLP |
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| CASE NAME: | | Southern Investors Service Company, Inc. |
| CASE NUMBER: | | 05-35538-H4-11 |
AGING OF POST-PETITION LIABILITIES
MONTH July
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DAYS
| | TOTAL
| | TRADE
ACCOUNTS
| | FEDERAL
TAXES
| | STATE
TAXES
| | AD VALOREM,
OTHER TAXES
| | MONTH
|
0-30 | | | 17,073.65 | | | 17,073.65 | | | | | | | | | | | | |
31-60 | | | 11,317.82 | | | 11,317.82 | | | | | | | | | | | | |
61-90 | | | 30,113.13 | | | 30,113.13 | | | | | | | | | | | | |
91+ | | | 0.00 | | | | | | | | | | | | | | | |
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TOTAL | | $ | 58,504.60 | | $ | 58,504.60 | | $ | 0.00 | | $ | 0.00 | | $ | 0.00 | | $ | 0.00 |
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| AGING OF ACCOUNTS RECEIVABLE |
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MONTH
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0-30 DAYS | | | | | | | | | | | | | | | | | | |
31-60 DAYS | | | | | | | | | | | | | | | | | | |
61-90 DAYS | | | | | | | | | | | | | | | | | | |
91+ DAYS | | | | | | | | | | | | | | | | | | |
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TOTAL | | $ | 0.00 | | $ | 0.00 | | $ | 0.00 | | $ | 0.00 | | $ | 0.00 | | $ | 0.00 |
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| * | Note that the postpetition liablities for May have been reduced by $4,012.50 to reflect a recent adjustment of the invoice of Andrews Kurth LLP. |
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| CASE NAME: | | Southern Investors Service Company, Inc. |
| CASE NUMBER: | | 05-35538-H4-11 |
STATEMENT OF INCOME (LOSS)
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| | | MONTH
April
| | | MONTH
May
| | | MONTH
June
| | | MONTH July
| | | MONTH
| | MONTH
| | FILING TO
DATE
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REVENUES (MOR-1) | | | | | | | | | | | | | | | | | | | | | | | | $ | 0.00 | |
TOTAL COST OF REVENUES | | | | | | | | | | | | | | | | | | | | | | | | $ | 0.00 | |
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GROSS PROFIT | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | $ | 0.00 | | $ | 0.00 | |
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OPERATING EXPENSES: | | | | | | | | | | | | | | | | | | | | | | | | | | |
Selling & Marketing | | | | | | | | | | | | | | | | | | | | | | | | $ | 0.00 | |
General & Administrative | | | | | | | | | | | | | | | | | | | | | | | | $ | 0.00 | |
Insiders Compensation (Management Fee) | | $ | 733.00 | | | $ | 1,000.00 | | | $ | 1,000.00 | | | $ | 1,000.00 | | | | | | | | | $ | 3,733.00 | |
Professional Fees | | | | | | $ | 30,113.13 | | | $ | 15,661.49 | | | $ | 17,073.65 | | | | | | | | | $ | 62,848.27 | |
Other | | | | | | | | | | | | | | | | | | | | | | | | $ | 0.00 | |
Other | | | | | | | | | | | | | | | | | | | | | | | | $ | 0.00 | |
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TOTAL OPERATING EXPENSES | | $ | 733.00 | | | $ | 31,113.13 | | | $ | 16,661.49 | | | $ | 18,073.65 | | | $ | 0.00 | | $ | 0.00 | | $ | 66,581.27 | |
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INCOME BEFORE INT, DEPR/TAX (MOR-1) | | $ | (733.00 | ) | | $ | (31,113.13 | ) | | $ | (16,661.49 | ) | | $ | (18,073.65 | ) | | $ | 0.00 | | $ | 0.00 | | $ | (66,581.27 | ) |
INTEREST EXPENSE | | | | | | | | | | | | | | | | | | | | | | | | $ | 0.00 | |
DEPRECIATION | | | | | | | | | | | | | | | | | | | | | | | | $ | 0.00 | |
OTHER (INCOME) EXPENSE* | | $ | (4,019.83 | ) | | $ | (2,544.41 | ) | | $ | 6,131.62 | | | $ | 7,570.42 | | | | | | | | | $ | 7,137.80 | |
OTHER ITEMS** | | | | | | | | | | | | | | | | | | | | | | | | $ | 0.00 | |
TOTAL INT, DEPR & OTHER ITEMS | | $ | (4,019.83 | ) | | $ | (2,544.41 | ) | | $ | 6,131.62 | | | $ | 7,570.42 | | | $ | 0.00 | | $ | 0.00 | | $ | 7,137.80 | |
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NET INCOME BEFORE TAXES | | $ | 3,286.83 | | | $ | (28,568.72 | ) | | $ | (22,793.11 | ) | | $ | (25,644.07 | ) | | $ | 0.00 | | $ | 0.00 | | $ | (73,719.07 | ) |
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FEDERAL INCOME TAXES | | | | | | | | | | | | | | | | | | | | | | | | $ | 0.00 | |
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NET INCOME (LOSS) (MOR-1) | | $ | 3,286.83 | | | $ | (28,568.72 | ) | | $ | (22,793.11 | ) | | $ | (25,644.07 | ) | | $ | 0.00 | | $ | 0.00 | | $ | (73,719.07 | ) |
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Accrual Accounting Required, Otherwise Footnote with Explanation.
| ** | Unusual and/or infrequent item(s) outside the ordinary course of business requires footnote. |
| * | Note that the postpetition liablities for May have been reduced by $4,012.50 to reflect a recent adjustment of the invoice of Andrews Kurth LLP. |
Southern Investors Service Company, Inc.
Other Income & Expense
Attachment to MOR 6
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| | | April
| | | May
| | | June
| | July
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Interest Income | | $ | 3,985.83 | | | $ | 3,852.79 | | | $ | 3,852.41 | | $ | 3,972.30 |
Fee Income | | $ | 25.00 | | | $ | 15.00 | | | $ | 10.00 | | $ | — |
Void Check | | $ | 9.00 | | | $ | — | | | $ | — | | $ | — |
Royalties | | $ | — | | | $ | 490.52 | | | $ | — | | $ | 364.76 |
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Other Income | | $ | 4,019.83 | | | $ | 4,358.31 | | | $ | 3,862.41 | | $ | 4,337.06 |
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Securities & Exchange Reporting | | $ | — | | | $ | 1,210.93 | | | $ | 9,195.09 | | $ | 10,090.93 |
Repairs Maintence | | $ | — | | | $ | 100.00 | | | $ | — | | $ | — |
General Administrative | | $ | — | | | $ | 484.76 | | | $ | 798.94 | | $ | 1,566.55 |
US Trustee Fees | | | | | | | | | | | | | $ | 250.00 |
Other | | $ | — | | | $ | 18.21 | | | $ | — | | $ | — |
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Other Disbursements | | $ | — | | | $ | 1,813.90 | | | $ | 9,994.03 | | $ | 11,907.48 |
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Other (Income) Expense | | $ | (4,019.83 | ) | | $ | (2,544.41 | ) | | $ | 6,131.62 | | $ | 7,570.42 |
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| CASE NAME: | | Southern Investors Service Company, Inc. |
| CASE NUMBER: | | 05-35538-H4-11 |
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| | | MONTH April
| | MONTH May
| | MONTH June
| | | MONTH July
| | | MONTH
| | MONTH
| | FILING TO
DATE
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CASH RECEIPTS AND DISBURSEMENTS | | | | | | | | | | | | | | | | | | | | | | | | |
1. CASH-BEGINNING OF MONTH | | $ | 1,987,139.56 | | $ | 1,993,290.29 | | $ | 1,996,539.97 | | | $ | 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 | | | $ | 359.53 | | | | | | | | | $ | 3,741.29 | |
5. SALE OF ASSETS | | | | | | | | | | | | | | | | | | | | | | $ | 0.00 | |
6. OTHER (attach list) | | $ | 4,019.83 | | $ | 4,358.31 | | $ | 3,862.41 | | | $ | 4,337.06 | | | | | | | | | $ | 16,577.61 | |
TOTAL RECEIPTS** | | $ | 6,150.73 | | $ | 5,063.58 | | $ | 4,408.00 | | | $ | 4,696.59 | | | | | | | | | $ | 20,318.90 | |
(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 | | | $ | 1,566.55 | | | | | | | | | $ | 2,850.25 | |
18. OTHER (attach list) | | | | | $ | 1,229.14 | | $ | 11,928.09 | | | $ | 11,090.93 | | | | | | | | | $ | 24,248.16 | |
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TOTAL DISBURSEMENTS FROM OPERATIONS | | $ | 0.00 | | $ | 1,813.90 | | $ | 12,727.03 | | | $ | 12,657.48 | | | $ | 0.00 | | $ | 0.00 | | $ | 27,198.41 | |
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19. PROFESSIONAL FEES | | | | | | | | $ | 4,343.67 | | | | | | | | | | | | | $ | 4,343.67 | |
20. U.S. TRUSTEE FEES | | | | | | | | | | | | $ | 250.00 | | | | | | | | | $ | 250.00 | |
21. OTHER REORGANIZATION EXPENSES (attach list) | | | | | | | | | | | | | | | | | | | $ | 0.00 | | | | |
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TOTAL DISBURSEMENTS** | | $ | 0.00 | | $ | 1,813.90 | | $ | 17,070.70 | | | $ | 12,907.48 | | | $ | 0.00 | | $ | 0.00 | | $ | 31,792.08 | |
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22. NET CASH FLOW | | $ | 6,150.73 | | $ | 3,249.68 | | $ | (12,662.70 | ) | | $ | (8,210.89 | ) | | $ | 0.00 | | $ | 0.00 | | $ | (11,473.18 | ) |
23. CASH - END OF MONTH (MOR-2) | | $ | 1,993,290.29 | | $ | 1,996,539.97 | | $ | 1,983,877.27 | | | $ | 1,975,666.38 | | | $ | 0.00 | | $ | 0.00 | | $ | 1,975,666.38 | |
| * | Applies to Individual debtors only |
| ** | Numbers for the current month should balance (match) |
RECEIPTS and CHECKS/OTHER DISBURSEMENTS lines on MOR-8
Southern Investors Service Company, Inc.
Notes Receivable Analysis July, 2005
Attachment to MOR 7
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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 | | $ | 1,039.91 | | $ | 15.87 | | $ | 149.77 | | $ | — | | $ | 165.64 | | $ | 890.14 |
| N/A | | GOSSIEN, FRED | | 10-Oct-09 | | 8.25 | % | | $ | 78.50 | | $ | 3,424.52 | | $ | 23.54 | | $ | 54.96 | | $ | — | | $ | 78.50 | | $ | 3,369.56 |
| 1287 | | HURT, PAUL & RENEE | | 1-Oct-08 | | 8.50 | % | | $ | 138.86 | | $ | 4,800.96 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 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 | | $ | 7,024.13 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 7,024.13 |
| N/A | | SULLIVAN, JANET | | 1-Mar-10 | | 8.00 | % | | $ | 61.88 | | $ | 2,926.42 | | $ | 38.74 | | $ | 85.02 | | $ | — | | $ | 123.76 | | $ | 2,841.40 |
| 1289 | | THOMPSON, ELIZABETH | | 25-Feb-09 | | 8.50 | % | | $ | 49.59 | | $ | 1,869.92 | | $ | 13.25 | | $ | 36.34 | | $ | — | | $ | 49.59 | | $ | 1,833.58 |
| N/A | | THOMPSON, ELIZABETH | | 1-Mar-10 | | 8.00 | % | | $ | 48.52 | | $ | 2,262.75 | | $ | 15.08 | | $ | 33.44 | | $ | — | | $ | 48.52 | | $ | 2,229.31 |
| 1288 | | WHITE, SCOTT R | | 1-Feb-09 | | 8.50 | % | | $ | 79.35 | | $ | 3,537.98 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 3,537.98 |
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| | | | | | | | | | | | | $ | 28,947.00 | | $ | 106.48 | | $ | 359.53 | | $ | — | | $ | 466.01 | | $ | 28,587.47 |
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Southern Investors Service Company, Inc.
Attachment to MOR 7
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Receipts
| | April
| | May
| | June
| | July
|
Royalities | | $ | 0.00 | | $ | 490.52 | | $ | 0.00 | | $ | 364.76 |
Interest Earned | | $ | 3,985.83 | | $ | 3,852.79 | | $ | 3,852.41 | | $ | 3,972.30 |
Fee Income | | $ | 25.00 | | $ | 15.00 | | $ | 10.00 | | $ | 0.00 |
Voided Check | | $ | 9.00 | | $ | 0.00 | | $ | 0.00 | | $ | 0.00 |
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| | | $ | 4,019.83 | | $ | 4,358.31 | | $ | 3,862.41 | | $ | 4,337.06 |
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Disbursements
| | April
| | May
| | June
| | July
|
Securities & Exchange Reporting | | $ | 0.00 | | $ | 1,210.93 | | $ | 9,195.09 | | $ | 10,090.93 |
Other | | $ | 0.00 | | $ | 18.21 | | $ | 0.00 | | $ | 0.00 |
Management Fees | | $ | 0.00 | | $ | 0.00 | | $ | 2,733.00 | | $ | 1,000.00 |
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| | | $ | 0.00 | | $ | 1,229.14 | | $ | 11,928.09 | | $ | 11,090.93 |
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| CASE NAME: | | Southern Investors Service Company, Inc. |
| CASE NUMBER: | | 05-35538-H4-11 |
CASH ACCOUNT RECONCILIATION MONTH OF July
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BANK NAME | | | Amegy | | | Amegy | | | | | | | | | | | | | | | |
ACCOUNT NUMBER | | | #515737756 | | | #51573705 | | �� | | | | | | | | | | | | | |
ACCOUNT TYPE | | | OPERATING | | | MONEY MARKET | | | OTHER FUNDS | | | MONEY MARKET | | | MONEY MARKET | | | MONEY MARKET | | | TOTAL |
BANK BALANCE | | $ | 30,351.83 | | $ | 1,948,174.55 | | $ | 0.00 | | $ | 0.00 | | $ | 0.00 | | $ | 0.00 | | $ | 1,978,526.38 |
DEPOSITS IN TRANSIT | | $ | 0.00 | | | | | | | | | | | | | | | | | $ | 0.00 |
OUTSTANDING CHECKS | | $ | 2,860.00 | | | | | | | | | | | | | | | | | $ | 2,860.00 |
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ADJUSTED BANK BALANCE | | $ | 27,491.83 | | $ | 1,948,174.55 | | $ | 0.00 | | $ | 0.00 | | | | | | | | $ | 1,981,386.38 |
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BEGINNING CASH - PER BOOKS | | $ | 39,568.54 | | $ | 1,944,308.73 | | $ | 0.00 | | | | | $ | 0.00 | | $ | 0.00 | | $ | 1,983,877.27 |
RECEIPTS* | | $ | 830.77 | | $ | 3,865.82 | | | | | $ | 0.00 | | $ | 0.00 | | $ | 0.00 | | $ | 4,696.59 |
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* | | $ | 12,907.48 | | | | | | | | | | | | | | | | | $ | 12,907.48 |
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ENDING CASH - PER BOOKS | | $ | 27,491.83 | | $ | 1,948,174.55 | | $ | 0.00 | | $ | 0.00 | | $ | 0.00 | | $ | 0.00 | | $ | 1,975,666.38 |
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| * | Numbers should balance (match) TOTAL RECEIPTS and TOTAL DISBURSEMENTS lines on MOR-7 |
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| 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).
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INSIDERS: NAME/COMP TYPE
| | MONTH
April
| | MONTH
May
| | MONTH
June
| | MONTH
July
| | MONTH
| | MONTH
|
1. PMW, Inc (Paula Mischer) Mowing | | | | | | 100.00 | | | | | | | | | | | | |
2. Mischer Investments, L.P. Management Fee | | | | | | | | | 2,733.00 | | | 1,000.00 | | | | | | |
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TOTAL INSIDERS (MOR-1) | | $ | 0.00 | | $ | 100.00 | | $ | 2,733.00 | | $ | 1,000.00 | | $ | 0.00 | | $ | 0.00 |
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PROFESSIONALS
| | MONTH
April
| | MONTH
May
| | MONTH
June
| | MONTH
July
| | MONTH
| | MONTH
|
1. Weinstein Spira & Company* | | | | | | | | | 3,000.00 | | | | | | | | | |
2. Mayor Brown Rowe & Maw* | | | | | | | | | 337.50 | | | | | | | | | |
3. Joel Bryant* | | | | | | | | | 406.17 | | | | | | | | | |
4. Sharon Erskine CPA* | | | | | | | | | 600.00 | | | | | | | | | |
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TOTAL PROFESSIONALS (MOR-1) | | $ | 0.00 | | $ | 0.00 | | $ | 4,343.67 | | $ | 0.00 | | $ | 0.00 | | $ | 0.00 |
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| * | Note that payments to these Ordinary Course Professionals in June was inadvertantly left out of the June MOR. |
