Exhibit 99.1
MONTHLY FINANCIAL REPORT FOR BUSINESS
| FOR THE PERIOD BEGINNING: | 07/01/03 | AND ENDING: | 07/31/03 | |
| Name of Debtor: | Fortune Financial, Inc. | Case Number: | 03-2026-3F1 | |
| Date of Petition | 2/28/03 | |||
| CURRENT MONTH | CUMULAT1VE PETITION TO DATE | ||||
| 1. | CASH AT BEGINNING OF PERIOD | 22,663.24 | 23,349.54 | ||
| 2. | .RECEIPTS: | ||||
| A. | Cash Sales | 0.00 | 0.00 | ||
| Less: Cash Refunds | 0.00 | 0.00 | |||
| Net Cash Sales | 0.00 | 0.00 | |||
| B. | Collection on Postpetition A/R | 0.00 | 0.00 | ||
| C. | Collection on Prepetition A/R | 0.00 | 000 | ||
| D. | Other Receipts (Attach List) | 0.00 | 18.56 | ||
| (If you receive rental income, you must attach a rent roll.) | |||||
| 3. | TOTAL RECEIPTS | 0.00 | 18.56 | ||
| 4. | TOTAL CASH AVAILABLE FOR OPERATIONS (Line 1 + Line 3) | 22,663.24 | 23,368.10 | ||
| 5. | DISBURSEMENTS | ||||
| A. | U.S. Trustee Quarterly Fees | 250.00 | 250.00 | ||
| B. | Net Payroll | 0.00 | 0.00 | ||
| C. | Payroll Taxes Paid | 0.00 | 0.00 | ||
| D. | Sales and Use Taxes | 0.00 | 0.00 | ||
| E. | Other Taxes | 0.00 | 000 | ||
| F. | Rent | 0.00 | 0.00 | ||
| G. | Other Leases (Attachment 2) | 0.00 | 0.00 | ||
| H. | Telephone | 0.00 | 0.00 | ||
| I. | Utilities | 0.00 | 0.00 | ||
| J. | Travel & Entertainment | 0.00 | 0.00 | ||
| K | Vehicle Expenses | 0.00 | 0.00 | ||
| L. | Office Supplies | 0.00 | 0.00 | ||
| M. | Advertising | 0.00 | 0.00 | ||
| N. | Insurance (Attachment 7) | 0.00 | 0.00 | ||
| O. | Purchases of Fixed Assets (Attach. 3) | 0.00 | 0.00 | ||
| P. | Purchases of Inventory (Attachment 3) | 0.00 | 0.00 | ||
| Q. | Manufacturing Supplies | 0.00 | 0.00 | ||
| R. | Repairs & Maintenance | 0.00 | 0.00 | ||
| S. | Payments to Secured Creditors | 0.00 | 0.00 | ||
| T. | Other Operating Expense (See list attached) | 5.73 | 710.59 | ||
| (Attach List) | |||||
| 6. | TOTAL CASH DISBURSEMENTS | 255.73 | 710.59 | ||
| 7. | ENDING CASH BALANCE | 22,407.51 | 22,407.51 | ||
| (Line 4. Line 6) | |||||
I declare under penalty of perjury that this statement and the accompanying documents and reports are true and correct to the best of my knowledge and belief.
this 8th day of August, 2003
| /s/ J. John Wortman | |
| J. John Wortman |
Fortune Financial, Inc. Debtor In Possession Account # 4775200 SunTrust Bank
Receipts and Disbursements during June 2003
Receipts None
| Disbursements | ||
| 21-Jul-03 | Check Number 1005 - U.S. Trustee C Quarterly Fee | $250.00 |
| 21-Jul-03 | Disbursement - SunTrust -Account Analysis Fee | $5.73 |
| Total Disbursements | $255.73 |
