Exhibit 99.1 OFFICE OF THE UNITED STATES TRUSTEE In re: DEBTOR IN POSSESSION INTERIM STATEMENT OUTSOURCE INTERNATIONAL, INC. Statement Number: 5 Debtor. For the Period FROM: October 29, 2001 Chapter 11 Case No.: LA 01-28173-BB TO: November 25, 2001 Annexed hereto is Interim Statement Number 5 for the above-indicated chapter 11 debtor ("Debtor"). At the Initial Debtor Interview held by the Office of the United States Trustee ("OUST"), on June 27, 2001, Debtor apprised the OUST that its books and records are maintained on a consolidated basis with the other six affiliated debtor entities which comprise the related filing entities. Therefore, and by agreement made with the Office of the United States Trustee, amounts reflected on the annexed Interim Statement represent consolidated cash receipts and disbursements for all of the bank accounts of the Debtor and its chapter 11 debtor affiliates ("Debtors"). Additionally, the amounts reflected on the six affiliated debtor entities represent, by type and amount, the allocable portion of the Debtor's receipts and disbursements for the reporting period. The allocable portion was calculated by multiplying the Debtors' aggregate cash receipts or disbursements by the ratio of this Debtor's net revenues divided by the aggregate net revenues for all the Debtors. Since Outsource International, Inc. has no operations of its own and is solely a holding company, the consolidated receipts and disbursements, for all six affiliated debtor entities are reflected on the Interim Statement filed concurrently herewith by OUTSOURCE INTERNATIONAL, INC., Case No. LA 01- 28173-BB. Also, the disbursement amounts reflected on the annexed Interim Statement reflect only the checks issued by the Debtors, which cleared the banks during the reporting period, whereas the check registers reflect all checks issued by the Debtors during the reporting period. Outstanding checks represent the difference between the check registers and the disbursement totals reflected in the Interim Statement. OFFICE OF THE UNITED STATES TRUSTEE IN RE OUTSOURCE INTERNATIONAL, INC DEBTOR IN POSSESSION INTERIM STATEMENT STATEMENT NO. 5 CHAPTER 11 CASE NO. LA 01-28173 BB FOR THE PERIOD FROM: 10/29/2001 TO: 11/25/2001 CASH ACTIVITY ANALYSIS (Cash Basis Only) A. Total Receipts per all Prior Interim Statements $ 84,899,197 B. Less Total Disbursements per all Prior Statements $ 83,994,304 ------------ C. Beginning Balance (A less B) $ 904,893 D. Receipts during Current Period Opening Cash Balance Per Bank $ 100 Plus: Available LockBox Receipts $ 18,267,930 Plus: Non A/R Cash Receipts $ -- ------------ E. Total Cash Available $ 19,172,924 ------------ F. Cash Disbursements/(Voids) Advertising (newspaper recruiting) 21,259 Auto Maintenance 82 Bank Fees 1,874 Bankruptcy Expenses 100,000 BOA - Committee Accountant Acct. 5,000 BOA - Attn. Fees Creditor Acct. 20,000 BOA - Attn. Fees Debtor Acct. 250,000 Benefits (insurance) 76,171 Board of Directors -- Business License 150 Capital Expense 13,362 Capital Leases 137,442 CIT - Adequate Protection Payment 168,540 Core Payroll 1,952,448 CitiBank Credit Card Payment -- CSF Payroll & Payroll Tax 339,979 Deposits - Various Vendors -- Dues/Subscriptions 1,633 Education 2,869 Equipment 253 Expense Reports 158,548 Flex Spending Acct. 3,182 FTB ACH Account -- Garnishments 35,360 Insurance 72,922 IT 36,189 Cash Collateral for Letter of Credit -- Labor Supplies 32,915 Maintenance 19,914 Misc Vendor Prepaid 3,266 Misc Expenses 75,697 Mortgage -- Office Supplies COD 43,999 Operating Leases 21,750 Outside Labor -- Payroll Taxes -- Postage 26,632 Prof. Fees 298,806 Recruiting 10,000 Refund 7,121 Rent Deposit -- Rent 248,347 Retention Account 0 Taxes (NonPayroll) 566,634 Service Payroll (Including Taxes) 11,406,726 Telephone 347,711 Third Party Billing (Staffing) 13,317 Transportation 71,144 Travel Advance -- Unemployment Taxes -- Utilities 22,251 Utility Deposits -- Workmans Comp 808,518 ------------ Total Disbursements 17,422,009 ------------ Closing Available Balance 1,750,914 Outstanding A/P Checks $ 561,254 ------------ Ending Bank Balance $ 2,312,168 Unavailable LockBox Receipts 846,442 ------------ Total Cash 3,158,610 ============ I, Carolyn Noonan, authorized signatory, declare under penalty of perjury that the information contained in the above Debtor In Possession Interim Statement is True and complete to the best of my knowledge. Dated: December 18, 2001 /s/ Carolyn H. Noonan ----------------- ---------------------------------------------- Debtor in Possession OFFICE OF THE UNITED STATES TRUSTEE IN RE OUTSOURCE INTERNATIONAL, INC DEBTOR IN POSSESSION INTERIM STATEMENT STATEMENT NO. 5 FROM: 10/29/2001 PAGE 1 OF 6 CHAPTER 11 CASE NO. LA 01-28173-BB TO: 11/25/2001 (NEW) (NEW) (NEW) Medical Insurance Attorney H(a) Funding Accounts Payable Debtor Fees H(a) Bank of America Bank of America Bank of America H(a) 1233436147 1233736075 1233004407 H(a) Concord, CA Concord, CA Concord, CA ----------------- ---------------- --------------- CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) A. Opening Cash Balance Per Bank 06/12/2001 $ -- $ -- $ -- A.1 Plus Total Receipts per all Prior Interim Statements $ -- $ -- $ -- B. Less Total Disbursements per all Prior Statements $(137,584) $ -- $ -- B.1 Plus/(Minus) Transfer (to)/from interbank account (net) All prior Statements $ 144,613 $ 550,000 $150,000 --------- --------- -------- C. Beginning Balance per Schedule B.2 $ 7,029 $ 550,000 $150,000 (Attach Separate Listing if Necessary) See Attached Consolidated Statements 1 & 2 D. TOTAL RECEIPTS THIS PERIOD $ -- $ -- $ -- --------- --------- -------- E. Balance Available (C.2 plus D) $ 7,029 $ 550,000 $150,000 F. Less: Disbursements during Current Period $(102,105) $ -- $ -- (Attach Separate Listing if Necessary) $ -- Cash Disbursements detail in excess of 2,000 pages, available on enclosed CD. --------- --------- -------- F.1 Net position (E minus F) $ (95,076) $ 550,000 $150,000 F.2 Other Transactions: Plus/(Minus) Transfer (to)/from interbank account (net) $ 98,075 $(286,855) $250,000 --------- --------- -------- G. Ending Balance $ 2,999 $ 263,145 $400,000 --------- --------- -------- I. Other monies on hand - $10,000.00 in safe at corporate office for disaster/hurricane preparedness. (NEW) (NEW) Attorney Committee Fees Creditor Accountant Concentration Bank of America Bank of America Bank of America 1233004421 1233004402 1233820507 Concord, CA Concord, CA Concord, CA --------------- --------------- --------------- CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) A. Opening Cash Balance Per Bank 06/12/2001 $ -- $ -- $ 8,145 A.1 Plus Total Receipts per all Prior Interim Statements $ -- $ -- $ -- B. Less Total Disbursements per all Prior Statements $ -- $ -- $ -- B.1 Plus/(Minus) Transfer (to)/from interbank account (net) All prior Statements $40,000 $ 5,000 $(8,145) ------- ------- ------- C. Beginning Balance per Schedule B.2 $40,000 $ 5,000 $ -- (Attach Separate Listing if Necessary) See Attached Consolidated Statements 1 & 2 D. TOTAL RECEIPTS THIS PERIOD $ -- ------- ------- ------- E. Balance Available (C.2 plus D) $40,000 $ 5,000 $ -- F. Less: Disbursements during Current Period $ -- $ -- $ -- (Attach Separate Listing if Necessary) Cash Disbursements detail in excess of 2,000 pages, available on enclosed CD. ------- ------- ------- F.1 Net position (E minus F) $40,000 $ 5,000 $ -- F.2 Other Transactions: Plus/(Minus) Transfer (to)/from interbank account (net) $20,000 $ 5,000 $ -- ------- ------- ------- G. Ending Balance $60,000 $10,000 $ -- ------- ------- ------- I. Other monies on hand - $10,000.00 in safe at corporate office for disaster/hurricane preparedness. I, Carolyn Noonan, authorized signatory, declare under penalty of perjury that the information contained in the above Debtor In Possession Interim Statement is True and complete to the best of my knowledge. Dated: December 18, 2001 /s/ Carolyn Noonan --------------------- ------------------------- DEBTOR IN POSSESSION OFFICE OF THE UNITED STATES TRUSTEE IN RE OUTSOURCE INTERNATIONAL, INC DEBTOR IN POSSESSION INTERIM STATEMENT STATEMENT NO. 5 FROM: 10/29/2001 PAGE 2 OF 6 CHAPTER 11 CASE NO. LA 01-28173-BB TO: 11/25/2001 (NEW) H(a) Payroll Payroll Core/Operating H(a) Bank of America Bank of America Bank of America H(a) 1233633997 1233833996 1233136172 H(a) Concord, CA Concord, CA Concord, CA --------------- --------------- --------------- CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) A. Opening Cash Balance Per Bank 06/12/2001 $ -- $ 873,395 $ -- A.1 Plus Total Receipts per all Prior Interim Statements $ 1,356 $ 7,468 $ -- B. Less Total Disbursements per all Prior Statements $(348,373) $(14,800,763) $(2,597) B.1 Plus/(Minus) Transfer (to)/from interbank account (net) All prior Statements $ 408,883 $ 14,231,260 $ 9,365 --------- ------------ ------- C. Beginning Balance per Schedule B.2 $ 61,866 $ 311,360 $ 6,768 (Attach Separate Listing if Necessary) See Attached Consolidated Statements 1 & 2 D. TOTAL RECEIPTS THIS PERIOD $ -- $ -- $ -- --------- ------------ ------- E. Balance Available (C.2 plus D) $ 61,866 $ 311,360 $ 6,768 F. Less: Disbursements during Current Period $(165,034) $ (3,027,743) $(3,323) (Attach Separate Listing if Necessary) Cash Disbursements detail in excess of 2,000 pages, available on enclosed CD --------- ------------ ------- F.1 Net position (E minus F) $(103,168) $ (2,716,383) $ 3,446 F.2 Other Transactions: Plus/(Minus) Transfer (to)/from interbank account (net) $ 154,625 $ 2,929,703 $ 3,182 --------- ------------ ------- G. Ending Balance $ 51,457 $ 213,320 $ 6,628 --------- ------------ ------- I. Other monies on hand - $10,000.00 in safe at corporate office for disaster/hurricane preparedness LockBox LockBox LockBox Bank of America LA Bank of America CH Bank of America 1233334412 8188312934 3751598703 Concord, CA Concord, CA Concord, CA ------------------ ------------------ -------------- CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) A. Opening Cash Balance Per Bank 06/12/2001 $ 439,649 $ 578,151 $ 406,542 A.1 Plus Total Receipts per all Prior Interim Statements $ 24,225,620 $ 35,829,845 $ 24,029,623 B. Less Total Disbursements per all Prior Statements $ (446,641) $ (596,827) $ (1,715,392) B.1 Plus/(Minus) Transfer (to)/from interbank account (net) All prior Statements $(23,935,512) $(35,513,920) $(22,598,112) ------------ ------------ ------------ C. Beginning Balance per Schedule B.2 $ 283,116 $ 297,249 $ 122,662 (Attach Separate Listing if Necessary) See Attached Consolidated Statements 1 & 2 D. TOTAL RECEIPTS THIS PERIOD $ 5,992,012 $ 7,712,669 $ 4,706,664 ------------ ------------ ------------ E. Balance Available (C.2 plus D) $ 6,275,128 $ 8,009,919 $ 4,829,326 F. Less: Disbursements during Current Period $ -- $ -- $ -- (Attach Separate Listing if Necessary) Cash Disbursements detail in excess of 2,000 pages, available on enclosed CD ------------ ------------ ------------ F.1 Net position (E minus F) $ 6,275,128 $ 8,009,919 $ 4,829,326 F.2 Other Transactions: Plus/(Minus) Transfer (to)/from interbank account (net) $ (5,776,506) $ (7,788,234) $ (4,703,190) ------------ ------------ ------------ G. Ending Balance $ 498,622 $ 221,685 $ 126,136 ------------ ------------ ------------ I. Other monies on hand - $10,000.00 in safe at corporate office for disaster/hurricane preparedness OFFICE OF THE UNITED STATES TRUSTEE IN RE OUTSOURCE INTERNATIONAL, INC DEBTOR IN POSSESSION INTERIM STATEMENT STATEMENT NO. 5 FROM: 10/29/2001 PAGE 3 OF 6 CHAPTER 11 CASE NO. LA 01-28173-BB TO: 11/25/2001 Operating Operating Accounts H(a) Account Account Payable H(a) Citizens Bank Citizens Bank Citizens Bank H(a) 3303116816 3300167983 3399000024 H(a) Manchester, NH Manchester, NH Manchester, NH --------------- -------------- -------------- CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) A. Opening Cash Balance Per Bank 06/12/2001 $ 100 $ 19,635 $ -- A.1 Plus Total Receipts per all Prior Interim Statements $ 2,966,471 $ -- $ -- B. Less Total Disbursements per all Prior Statements $ (8,776,091) $ (3,259) $ (1,606) B.1 Plus/(Minus) Transfer (to)/from interbank account (net) All prior Statements $ 7,492,534 $ (16,376) $ 1,606 ------------ ------------ ------------ C. Beginning Balance per Schedule B.2 $ 1,683,014 $ -- $ -- (Attach Separate Listing if Necessary) See Attached Consolidated Statements 1 & 2 D. TOTAL RECEIPTS THIS PERIOD $ -- $ -- $ -- ------------ ------------ ------------ E. Balance Available (C.2 plus D) $ 1,683,014 $ -- $ -- F. Less: Disbursements during Current Period $ (1,302,259) $ -- $ -- (Attach Separate Listing if Necessary) Cash Disbursements detail in excess of 2,000 pages, available on enclosed CD. ------------ ------------ ------------ F.1 Net position (E minus F) $ 380,755 $ -- $ -- F.2 Other Transactions: Plus/(Minus) Transfer (to)/from interbank account (net) $ 1,931,413 $ -- $ -- ------------ ------------ ------------ G. Ending Balance $ 2,312,168 $ -- $ -- ------------ ------------ ------------ Accounts Accounts Payable Payable Concentration Citizens Bank Citizens Bank First Star Bank 3303116832 3399000148 823213004 Manchester, NH Manchester, NH Cincinnati, OH -------------- -------------- --------------- CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) A. Opening Cash Balance Per Bank 06/12/2001 $ 100 $ -- $ 970,445 A.1 Plus Total Receipts per all Prior Interim Statements $ -- $ -- $ -- B. Less Total Disbursements per all Prior Statements $ (629,844) $ (6,608,776) $ -- B.1 Plus/(Minus) Transfer (to)/from interbank account (net) All prior Statements $ 629,744 $ 6,608,776 $ (543,944) ------------ ------------ ------------ C. Beginning Balance per Schedule B.2 $ -- $ -- $ 426,502 (Attach Separate Listing if Necessary) See Attached Consolidated Statements 1 & 2 D. TOTAL RECEIPTS THIS PERIOD $ -- $ -- $ -- ------------ ------------ ------------ E. Balance Available (C.2 plus D) $ -- $ -- $ 426,502 F. Less: Disbursements during Current Period $ -- $ (1,980,644) $ -- (Attach Separate Listing if Necessary) Cash Disbursements detail in excess of 2,000 pages, available on enclosed CD. ------------ ------------ ------------ F.1 Net position (E minus F) $ -- $ (1,980,644) $ 426,502 F.2 Other Transactions: Plus/(Minus) Transfer (to)/from interbank account (net) $ -- $ 1,980,644 $ (265,275) ------------ ------------ ------------ G. Ending Balance $ -- $ -- $ 161,227 ------------ ------------ ------------ I. Other monies on hand - $10,000.00 in safe at corporate office for disaster/hurricane preparedness. OFFICE OF THE UNITED STATES TRUSTEE IN RE OUTSOURCE INTERNATIONAL, INC DEBTOR IN POSSESSION INTERIM STATEMENT STATEMENT NO. 5 FROM: 10/29/2001 PAGE 4 OF 6 CHAPTER 11 CASE NO. LA 01-28173-BB TO: 11/25/2001 Concentration Payroll H(a) Payroll First Tennessee First Tennessee H(a) First Star Bank Bank Bank H(a) 823213012 100080412 100196519 H(a) Cincinnati, OH Memphis, TN Memphis, TN ---------------- ---------------- --------------- CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) A. Opening Cash Balance Per Bank 06/12/2001 $ -- $ 113,699 $ -- A.1 Plus Total Receipts per all Prior Interim Statements $ -- $ -- $ -- B. Less Total Disbursements per all Prior Statements $(22,373,698) $ (4,478) $ (2,688,084) B.1 Plus/(Minus) Transfer (to)/from interbank account (net) All prior Statements $ 22,373,698 $ (95,908) $ 2,688,084 ------------ ------------ ------------ C. Beginning Balance per Schedule B.2 $ -- $ 13,314 $ -- (Attach Separate Listing if Necessary) See Attached Consolidated Statements 1 & 2 D. TOTAL RECEIPTS THIS PERIOD $ -- $ -- $ -- ------------ ------------ ------------ E. Balance Available (C.2 plus D) $ -- $ 13,314 $ -- F. Less: Disbursements during Current Period $ (4,685,363) $ (1,772) $ (504,984) (Attach Separate Listing if Necessary) Cash Disbursements detail in excess of 2,000 pages, available on enclosed CD. ------------ ------------ ------------ F.1 Net position (E minus F) $ (4,685,363) $ 11,542 $ (504,984) F.2 Other Transactions: Plus/(Minus) Transfer (to)/from interbank account (net) $ 4,685,363 $ (4,083) $ 504,984 ------------ ------------ ------------ G. Ending Balance $ -- $ 7,459 $ -- ------------ ------------ ------------ Payroll ACH Payroll Concentration First Tennessee First Tennessee First Union Bank Bank National Bank 100380734 101829397 2080000373357 Memphis, TN Memphis, TN Deerfield Beach, FL -------------- -------------- -------------------- CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) A. Opening Cash Balance Per Bank 06/12/2001 $ 894 $ -- $ 411,098 A.1 Plus Total Receipts per all Prior Interim Statements $ -- $ -- $ -- B. Less Total Disbursements per $ (16) $ (3,497,565) $ (70,803) all Prior Statements B.1 Plus/(Minus) Transfer (to)/from interbank account (net) $ (878) $ 3,515,784 $ (170,476) All prior Statements ------------ ------------ ------------ $ -- $ 18,219 $ 169,818 C. Beginning Balance per Schedule B.2 (Attach Separate Listing if Necessary) See Attached Consolidated Statements 1 & 2 D. TOTAL RECEIPTS THIS PERIOD $ -- $ -- $ -- ------------ ------------ ------------ E. Balance Available (C.2 plus D) $ -- $ 18,219 $ 169,818 F. Less: Disbursements during Current Period $ -- $ (1,490,229) $ (9,512) (Attach Separate Listing if Necessary) Cash Disbursements detail in excess of 2,000 pages, available on enclosed CD. ------------ ------------ ------------ F.1 Net position (E minus F) $ -- $ (1,472,011) $ 160,306 F.2 Other Transactions: Plus/(Minus) Transfer (to)/from interbank account (net) $ -- $ 1,508,751 $ (70,359) ------------ ------------ ------------ G. Ending Balance $ -- $ 36,740 $ 89,947 ------------ ------------ ------------ I. Other monies on hand - $10,000.00 in safe at corporate office for disaster/hurricane preparedness. OFFICE OF THE UNITED STATES TRUSTEE IN RE OUTSOURCE INTERNATIONAL, INC DEBTOR IN POSSESSION INTERIM STATEMENT STATEMENT NO. 5 FROM: 10/29/2001 PAGE 5 OF 6 CHAPTER 11 CASE NO. LA 01-28173-BB TO: 11/25/2001 Payroll Payroll Concentration H(a) First Union First Union Michigan National H(a) National Bank National Bank Bank H(a) 2079940007435 207009940011586 5961844940 H(a) Deerfield Beach, FL Deerfield Beach, FL Livonia, MI ------------------- -------------------- ----------------- CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) A. Opening Cash Balance Per Bank 06/12/2001 $ -- $ -- $ 66,832 A.1 Plus Total Receipts per all Prior Interim Statements $ -- $ -- $ 764 B. Less Total Disbursements per all Prior Statements $ (6,799,738) $ (2,691,215) $ (9,244) B.1 Plus/(Minus) Transfer (to)/from interbank account (net) All prior Statements $ 6,799,738 $ 2,691,215 $ 59,762 ------------ ------------ ------------ C. Beginning Balance per Schedule B.2 $ -- $ -- $ 118,114 (Attach Separate Listing if Necessary) See Attached Consolidated Statements 1 & 2 D. TOTAL RECEIPTS THIS PERIOD $ -- $ -- $ -- ------------ ------------ ------------ E. Balance Available (C.2 plus D) $ -- $ -- $ 118,114 F. Less: Disbursements during Current Period $ (1,177,782) $ (416,520) $ (2,591) (Attach Separate Listing if Necessary) Cash Disbursements detail in excess of 2,000 pages, available on enclosed CD. ------------ ------------ ------------ F.1 Net position (E minus F) $ (1,177,782) $ (416,520) $ 115,523 F.2 Other Transactions: Plus/(Minus) Transfer (to)/from interbank account (net) $ 1,177,782 $ 416,520 $ (28,252) ------------ ------------ ------------ G. Ending Balance $ -- $ -- $ 87,271 ------------ ------------ ------------ Payroll Payroll Payroll Taxes Michigan National Michigan National Michigan National Bank Bank Bank 2770710164 2770710420 6856302242 Livonia, MI Livonia, MI Livonia, MI ----------------- ----------------- ----------------- CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) A. Opening Cash Balance Per Bank 06/12/2001 $ 1 $ 1 $ 697,525 A.1 Plus Total Receipts per all Prior Interim Statements $ -- $ -- $ -- B. Less Total Disbursements per all Prior Statements $ (1,882,532) $ (2,495) $(11,007,720) B.1 Plus/(Minus) Transfer (to)/from interbank account (net) All prior Statements $ 1,882,531 $ 2,494 $ 10,394,876 ------------ ------------ ------------ C. Beginning Balance per Schedule B.2 $ -- $ -- $ 84,681 (Attach Separate Listing if Necessary) See Attached Consolidated Statements 1 & 2 D. TOTAL RECEIPTS THIS PERIOD $ -- $ -- $ -- ------------ ------------ ------------ E. Balance Available (C.2 plus D) $ -- $ -- $ 84,681 F. Less: Disbursements during Current Period $ (269,322) $ -- $ (2,528,546) (Attach Separate Listing if Necessary) Cash Disbursements detail in excess of 2,000 pages, available on enclosed CD. ------------ ------------ ------------ F.1 Net position (E minus F) $ (269,322) $ -- $ (2,443,864) F.2 Other Transactions: Plus/(Minus) Transfer (to)/from interbank account (net) $ 269,322 $ -- $ 2,570,000 ------------ ------------ ------------ G. Ending Balance $ -- $ -- $ 126,136 ------------ ------------ ------------ I. Other monies on hand - $10,000.00 in safe at corporate office for disaster/hurricane preparedness. OFFICE OF THE UNITED STATES TRUSTEE IN RE OUTSOURCE INTERNATIONAL, INC DEBTOR IN POSSESSION INTERIM STATEMENT STATEMENT NO. 5 FROM: 10/29/2001 PAGE 6 OF 6 CHAPTER 11 CASE NO. LA 01-28173-BB TO: 11/25/2001 H(a) Concentration Payroll Payroll H(a) Norwest Bank Norwest Bank Norwest Bank H(a) 5058061791 8012703781 8012703799 H(a) Colorado Springs, CO Colorado Springs, CO Colorado Springs, CO --------------------- --------------------- -------------------- CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) A. Opening Cash Balance Per Bank 06/12/2001 $ 154,709 $ -- $ -- A.1 Plus Total Receipts per all Prior Interim Statements $ -- $ -- $ -- B. Less Total Disbursements per all Prior Statements $ (18,464) $ (409,601) $ (1,977,712) B.1 Plus/(Minus) Transfer (to)/from interbank account (net) All prior Statements $ (76,357) $ 409,601 $ 1,977,712 ------------ ------------ ------------ C. Beginning Balance per Schedule B.2 $ 59,888 $ -- $ -- (Attach Separate Listing if Necessary) See Attached Consolidated Statements 1 & 2 D. TOTAL RECEIPTS THIS PERIOD $ -- $ -- $ -- ------------ ------------ ------------ E. Balance Available (C.2 plus D) $ 59,888 $ -- $ -- F. Less: Disbursements during Current Period $ (3,578) $ (19,574) $ (66,536) (Attach Separate Listing if Necessary) Cash Disbursements detail in excess of 2,000 pages, available on enclosed CD. ------------ ------------ ------------ F.1 Net position (E minus F) $ 56,310 $ (19,574) $ (66,536) F.2 Other Transactions: Plus/(Minus) Transfer (to)/from interbank account (net) $ 42,246 $ 19,574 $ 66,536 ------------ ------------ ------------ G. Ending Balance $ 98,556 $ -- $ -- ------------ ------------ ------------ (NEW) (NEW) Concentration C/D Key Bank Key Bank 769081017022 440997600257 Totals -------------- ------------ -------------- CASH ACTIVITY ANALYSIS (CASH BASIS ONLY) A. Opening Cash Balance Per Bank 06/12/2001 $ -- $ -- $ 4,740,920 A.1 Plus Total Receipts per all Prior Interim Statements $ -- $ -- $ 87,061,148 B. Less Total Disbursements per all Prior Statements $ -- $ -- $(87,501,116) B.1 Plus/(Minus) Transfer (to)/from interbank account (net) All prior Statements $ -- $ -- $ 107,648 ------------ ------------ ------------ C. Beginning Balance per Schedule B.2 $ -- $ -- $ 4,408,600 (Attach Separate Listing if Necessary) See Attached Consolidated Statements 1 & 2 D. TOTAL RECEIPTS THIS PERIOD $ -- $ -- $ 18,411,346 -- ------------ ------------ ------------ E. Balance Available (C.2 plus D) $ -- $ -- $ 22,819,945 F. Less: Disbursements during Current Period $ (520) $ (285,046) $(18,042,982) (Attach Separate Listing if Necessary) Cash Disbursements detail in excess of 2,000 pages, available on enclosed CD. ------------ ------------ ------------ F.1 Net position (E minus F) $ (520) $ (285,046) $ 4,776,964 F.2 Other Transactions: Plus/(Minus) Transfer (to)/from interbank account (net) $ 3,989 $ 285,046 $ (0) ------------ ------------ ------------ G. Ending Balance $ 3,468 $ -- $ 4,776,964 ------------ ------------ ------------ I. Other monies on hand - $10,000.00 in safe at corporate office for disaster/hurricane preparedness. OFFICE OF THE UNITED STATES TRUSTEE - -------------------------------------------------------------------------------- IN RE: OUTSOURCE INTERNATIONAL, INC. DEBTOR IN POSSESSION OPERATING REPORT DEBTOR CONSOLIDATED 5 PAGE 1 OF 3 CHAPTER 11 CASE NO: LA 01-28173-BB FOR THE PERIOD FROM: 10/29/2001 TO: 11/25/2001 - -------------------------------------------------------------------------------- CONSOLIDATED 1. PROFIT AND LOSS STATEMENT (ACCRUAL BASIS ONLY) A. RELATED TO BUSINESS OPERATIONS: GROSS SALES $14,535,316 LESS: SALES RETURNS & DISCOUNTS (109,474) ----------- NET SALES $14,425,842 LESS: COST OF GOODS SOLD: 11,499,417 ----------- GROSS PROFIT $ 2,926,425 OTHER OPERATING REVENUES -- LESS: OPERATING EXPENSES -- OFFICER COMPENSATION 93,946 SALARIES AND WAGES--OTHER EMPLOYEES 2,105,152 ----------- TOTAL SALARIES AND WAGES 2,199,098 EMPLOYEE BENEFITS AND PENSIONS 115,868 PAYROLL TAXES 160,786 REAL ESTATE TAXES 4,472 FEDERAL AND STATE INCOME TAXES 4,000 ----------- TOTAL TAXES 169,258 RENT AND LEASE EXP. (REAL PROPERTY AND PERSONAL PROPERTY) 263,972 INTEREST EXPENSE (MORTGAGE, LOAN, ETC) 172,196 INSURANCE 42,838 AUTOMOBILE EXPENSE 69,754 UTILITIES (GAS, ELECTRIC, WATER, TELEPHONE, ETC.) 213,542 DEPRECIATION AND AMORTIZATION 445,687 REPAIRS AND MAINTENANCE 14,257 ADVERTISING 13,217 SUPPLIES, OFFICE EXPENSES, PHOTOCOPIES, ETC. 106,018 BAD DEBTS 192,845 Misc Op Exp (T&E,relo,rep,meet,recruit,bank/collect fees,lic/tax) 250,540 ----------- TOTAL OPERATING EXPENSES 1,784,865 ----------- NET GAIN/LOSS FROM BUSINESS OPERATIONS (1,342,663) B. NOT RELATED TO BUSINESS OPERATIONS: INCOME: INTEREST INCOME 8,987 OTHER NON-OPERATING REVENUES (VNDG MACH COMMISS, LAWSUIT ADJ, RESTIT) 486 GROSS PROCEEDS ON SALE OF ASSETS 0 LESS: ORIGINAL COST OF ASSETS PLUS EXPENSES OF SALE 21,241 NET GAIN/LOSS ON SALE OF ASSETS (21,241) ----------- TOTAL NON-OPERATING INCOME (11,768) EXPENSES NOT RELATED TO BUSINESS OPERATIONS: ACCOUNTING & AUDITING FEES 15,000 LEGAL FEES 968,364 OTHER PROF./CONSULT FEES (425,812) OTHER NON-OPERATING EXPENSES (SPECIFY) -- ----------- TOTAL NON-OPERATING EXPENSES 557,551 ------------ NET INCOME/LOSS FOR PERIOD $(1,911,983) ============ DEBTOR IN POSSESSION OPERATING REPORT NO: 5 Page 2 of 3 2. Aging of Accounts Payable and Accounts Receivable (Exclude pre-petition accounts payable): CONSOLIDATED: Accounts Payable Accounts Receivable - ------------- ---------------- ------------------- Current Under 46 Days 139,234.60 19,000,808.58 Overdue 46 - 60 Days 9,094.87 2,072,636.65 Overdue 61 - 90 Days 98,859.06 684,262.15 Overdue: 91 - 150 Days 300,224.85 263,538.80 Overdue: 151 - 179 Days 92,623.20 70,120.69 Overdue: >=180 Days 208.70 412,463.26 TOTAL 640,245.28 22,503,830.13 3. Statement of Status of Payments to Secured Creditors and Lessors: Frequency Post-Petition of Payments per Amount Next Payments Not Made* Creditor/ Contract/Lease of Each Payment Lessor (i.e. Mo., Qtr.) Payment Due Number Amount - -------------------- ---------------- ------- ------- ----------- --------- SEE ATTACHED RIDER 3 - -------------------- ---------------- ------- ------- ----------- --------- - -------------------- ---------------- ------- ------- ----------- --------- - -------------------- ---------------- ------- ------- ----------- --------- - -------------------- ---------------- ------- ------- ----------- --------- * Explanation for Non-Payment: In accordance with bankruptcy code section 365(D)(10), during the month of August, debtor began paying the amounts due under the personal property leases for August, although not all August payments were made during the August reporting period. For the November reporting period, the debtor is current and intends to remain current going forward on personal property lease payments pending the decision to assume or reject the personal property leases. 4. Tax Liability: SEE ATTACHED RIDER 4* Gross Payroll Expense for Period: $12,529,416.80 Gross Sales for Period Subject to Sales Tax: $173,785.00 Post-Petition Taxes Still Date Paid Amount Paid * (NOTE 1) Owing ----------------- --------------------- ------------------- Federal Payroll and Withholding Taxes Various $2,138,486.98 $160,410.52 (NOTE 2) State Payroll and Withholding Taxes (NOTE 3) Various $ 182,839.16 $555,146.73 (NOTE 2) State Sales and Use Taxes November 20, 2001 $ 10,406.00 $ 9,071.00 (NOTE 2) Real Property Taxes N/A N/A N/A * Attach photocopies of depository receipts from taxing authorities or financial institutions to verify that such deposits or payments have been made. (NOTE 1) Returns provided regularly to UST, payments generally via ACH. Payment includes amounts due in November from October + amounts due in November from November. (NOTE 2) Payment is due in December. (NOTE 3) Includes local taxes. 5. Insurance Coverage: SEE ATTACHED RIDER 5 AT LA01-28173-BB Carrier/ Amount Policy Premium Agent of Expiration Paid Through Name Coverage Date Date -------- -------- ---------- ----------- Worker's Compensation -------- -------- ---------- ----------- Liability -------- -------- ---------- ----------- Fire and Extended Coverage -------- -------- ---------- ----------- Property -------- -------- ---------- ----------- Theft -------- -------- ---------- ----------- Life (Beneficiary:_______________) -------- -------- ---------- ----------- Vehicle -------- -------- ---------- ----------- Other (Specify): -------- -------- ---------- ----------- Revised April 1989 OPERATING REPORT UST-4 Page 3 of 3 DEBTOR IN POSSESSION OPERATING REPORT NO: 5 6. Questions: A. Has the Debtor in Possession provided compensation to any officers, directors, shareholders or other principals without the approval of the Office of the United States Trustee? Yes Explain: ------- ------------------------------------------------- X No ------ B. Has the Debtor in Possession, subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? Yes Explain: ------- ------------------------------------------------- X No ------ 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) CONSOLIDATED State Type of Total Post- Professional Petition Amount Name of Professional (Attorney/Accountant/etc.) Unpaid - -------------------- -------------------------- --------------- KTBS Bankruptcy Counsel $160,000 (estimate) Akerman, Senterfitt General Counsel $ 76,382 (estimate) DeBellas Investment Advisor $ 15,572 (estimate) Bankruptcy Management Corp Bankruptcy Consultant $170,407 (estimate) 8. Narrative Report of Significant Events and Events out of the Ordinary Course of Business (Attach separate sheet if necessary) See attached Rider 6 at LA 01-28173BB. 9. Quarterly Fees: (This Fee MUST be paid to the United States Trustee every calendar quarter) Quarterly Total Quarterly Period Disbursements Quarterly Date Amount Check Fee Still Ending for Quarter Fee Paid Paid No. Owing --------- ------------- --------- ---- ------ ----- --------- 9/30/2001 0 250 10/26/2001 250 218238 0 - --------------------- ----------------------- ---------------- --------------- ------------- ----------- --------------- - --------------------- ----------------------- ---------------- --------------- ------------- ----------- --------------- - --------------------- ----------------------- ---------------- --------------- ------------- ----------- --------------- - --------------------- ----------------------- ---------------- --------------- ------------- ----------- --------------- - --------------------- ----------------------- ---------------- --------------- ------------- ----------- --------------- - --------------------- ----------------------- ---------------- --------------- ------------- ----------- --------------- I, Carolyn H. Noonan, the Vice President, Controller and Assistant Secretary of Outsource International, Inc., debtor in this chapter 11 case, declare under penalty of perjury that the information contained in the above Debtor in Possession Operating Report is true and complete to the best of my knowledge. Dated: December 18, 2001 /s/ Carolyn H. Noonan ---------------------------------- Debtor in Possession or Trustee Revised April 1989 OPERATING REPORT UST-4 Rider 3 - Status of Payments to Secured Creditors and Lessors Outsource International, Inc. Case No. LA 01-28173BB Consolidated FREQUENCY OF PAYMENTS PER AMOUNT OF NEXT PAYMENT POST-PETITION CREDITOR/LESSOR CONTRACT/LEASE EACH PAYMENT DUE PAYMENTS NOT MADE ** - --------------- -------------- ------------ ------------ ------------------------ ABELCO DISCOUNT (7,228,652.00) 0 (7,228,652.00) ABLECO TERM LOAN A quarterly 500,000.00 10/31/01 0 500,000.00 ABLECO TERM LOAN B balloon 8,549,980.58 08/15/03 0 8,549,980.58 ADVANTA BUSINESS SERVICES CORP monthly 207.76 12/04/01 1 207.76 CIT REVOLVER daily 17,496,455.60 Variable Daily 0 17,496,455.60 CITICORP VENDOR FINANCE INC monthly 560.74 12/09/01 1 560.74 CITICORP VENDOR FINANCE INC monthly 308.69 12/09/01 1 308.69 CITICORP VENDOR FINANCE INC monthly 380.04 12/09/01 1 380.04 COMERICA BANK monthly 1,021.66 12/24/01 6 6,129.96 COPYCO INC N/A 461.42 Note 1 1 461.42 COPYCO INC N/A 421.16 Note 1 1 421.16 DE LAGE LANDEN FINANCIAL SERVICES monthly 197.09 12/11/01 1 197.09 DE LAGE LANDEN FINANCIAL SERVICES monthly 133.33 12/13/01 1 133.33 DE LAGE LANDEN FINANCIAL SERVICES monthly 188.57 12/11/01 1 188.57 DE LAGE LANDEN FINANCIAL SERVICES monthly 125.28 12/13/01 1 125.28 DeLage Landen Fin Svcs (was Bancone) monthly 5,914.80 12/01/01 1 5,914.80 FIDELITY LEASING INC. aka CITICAPITAL monthly 114.95 12/15/01 1 114.95 FLEET BUSINESS CREDIT CORPORATION monthly 94.62 12/08/01 1 94.62 FLEET BUSINESS CREDIT CORPORATION monthly 60.76 12/08/01 1.6 97.22 FLEET BUSINESS CREDIT CORPORATION monthly 93.77 12/08/01 1.6 150.03 FLEET BUSINESS CREDIT CORPORATION monthly 57.79 12/08/01 1.6 92.46 FLEET BUSINESS CREDIT CORPORATION monthly 93.86 12/08/01 1.6 150.18 FLEET BUSINESS CREDIT CORPORATION monthly 57.79 12/08/01 1.6 92.46 FLEET BUSINESS CREDIT CORPORATION monthly 93.86 12/08/01 1.6 150.18 FLEET BUSINESS CREDIT CORPORATION monthly 93.86 12/08/01 1.6 150.18 FLEET BUSINESS CREDIT CORPORATION monthly 94.23 12/08/01 1.6 150.77 FLEET BUSINESS CREDIT CORPORATION monthly 94.42 12/08/01 1.6 151.07 FLEET BUSINESS CREDIT CORPORATION monthly 14.50 12/08/01 1.6 23.20 FLEET BUSINESS CREDIT CORPORATION monthly 11.46 12/08/01 1.6 18.34 FLEET BUSINESS CREDIT CORPORATION monthly 93.08 12/08/01 1.6 148.93 FLEET BUSINESS CREDIT CORPORATION monthly 70.04 12/08/01 1.6 112.06 FLEET BUSINESS CREDIT CORPORATION monthly 94.67 12/08/01 1.6 151.47 FLEET BUSINESS CREDIT CORPORATION monthly 76.81 12/08/01 1.6 122.90 FLEET BUSINESS CREDIT CORPORATION monthly 94.67 12/08/01 1.6 151.47 FLEET BUSINESS CREDIT CORPORATION monthly 94.67 12/08/01 1.6 151.47 FLEET BUSINESS CREDIT CORPORATION monthly 85.33 12/08/01 1.6 136.53 FLEET BUSINESS CREDIT CORPORATION monthly 70.54 12/08/01 1.6 112.86 FLEET BUSINESS CREDIT CORPORATION monthly 144.93 12/08/01 1.6 231.89 FLEET BUSINESS CREDIT CORPORATION monthly 153.74 12/08/01 1.6 245.98 FLEET BUSINESS CREDIT CORPORATION monthly 86.13 12/08/01 1.6 137.81 FLEET BUSINESS CREDIT CORPORATION monthly 94.66 12/08/01 1.6 151.46 FLEET BUSINESS CREDIT CORPORATION monthly 117.62 12/08/01 1.6 188.19 FLEET BUSINESS CREDIT CORPORATION monthly 96.70 12/08/01 1.6 154.72 FLEET BUSINESS CREDIT CORPORATION monthly 356.15 12/08/01 1.6 569.84 FLEET BUSINESS CREDIT CORPORATION monthly 356.15 12/08/01 1.6 569.84 FLEET BUSINESS CREDIT CORPORATION monthly 356.15 12/08/01 1.6 569.84 FLEET BUSINESS CREDIT CORPORATION monthly 89.31 12/08/01 1.6 142.90 FLEET BUSINESS CREDIT CORPORATION monthly 62.12 12/08/01 1.6 99.39 FLEET BUSINESS CREDIT CORPORATION monthly 68.79 12/08/01 1.6 110.06 FLEET BUSINESS CREDIT CORPORATION monthly 68.79 12/08/01 1.6 110.06 FLEET BUSINESS CREDIT CORPORATION monthly 12.22 12/08/01 1.6 19.55 FLEET BUSINESS CREDIT CORPORATION monthly 107.28 12/08/01 1.6 171.65 FLEET BUSINESS CREDIT CORPORATION monthly 85.33 12/08/01 1.6 136.53 FLEET BUSINESS CREDIT CORPORATION monthly 94.67 12/08/01 1.6 151.47 FLEET BUSINESS CREDIT CORPORATION monthly 70.14 12/08/01 1.6 112.22 FLEET BUSINESS CREDIT CORPORATION monthly 181.63 12/08/01 1.6 290.61 FLEET BUSINESS CREDIT CORPORATION monthly 68.79 12/08/01 1.6 110.06 FLEET BUSINESS CREDIT CORPORATION monthly 94.67 12/08/01 1.6 151.47 FLEET BUSINESS CREDIT CORPORATION monthly 41.92 12/08/01 1.6 67.07 FLEET BUSINESS CREDIT CORPORATION monthly 76.17 12/08/01 1.6 121.87 FLEET BUSINESS CREDIT CORPORATION monthly 93.16 12/08/01 1.6 149.06 1 Rider 3 - Status of Payments to Secured Creditors and Lessors Outsource International, Inc. Case No. LA 01-28173BB Consolidated FREQUENCY OF PAYMENTS PER AMOUNT OF NEXT PAYMENT POST-PETITION CREDITOR/LESSOR CONTRACT/LEASE EACH PAYMENT DUE PAYMENTS NOT MADE ** - --------------- -------------- ------------ ------------ ------------------------ FLEET BUSINESS CREDIT CORPORATION monthly 105.80 12/08/01 1.6 169.28 FLEET BUSINESS CREDIT CORPORATION monthly 107.28 12/08/01 1.6 171.65 FLEET BUSINESS CREDIT CORPORATION monthly 93.16 12/08/01 1.6 149.06 FLEET BUSINESS CREDIT CORPORATION monthly 120.07 12/08/01 1.6 192.11 FLEET BUSINESS CREDIT CORPORATION monthly 109.09 12/08/01 1.6 174.54 FLEET BUSINESS CREDIT CORPORATION monthly 14.33 12/08/01 1.6 22.93 FLEET BUSINESS CREDIT CORPORATION monthly 212.83 12/08/01 1.6 340.53 FLEET BUSINESS CREDIT CORPORATION monthly 86.37 12/08/01 1.6 138.19 FLEET BUSINESS CREDIT CORPORATION monthly 86.57 12/08/01 1.6 138.51 FLEET BUSINESS CREDIT CORPORATION monthly 86.37 12/08/01 1.6 138.19 FLEET BUSINESS CREDIT CORPORATION monthly 86.37 12/08/01 1.6 138.19 FLEET BUSINESS CREDIT CORPORATION monthly 86.17 12/08/01 1.6 137.87 FLEET BUSINESS CREDIT CORPORATION monthly 82.91 12/08/01 1.6 132.66 FLEET BUSINESS CREDIT CORPORATION monthly 84.60 12/08/01 1.6 135.36 FLEET BUSINESS CREDIT CORPORATION monthly 84.60 12/08/01 1.6 135.36 FLEET BUSINESS CREDIT CORPORATION monthly 84.60 12/08/01 1.6 135.36 FLEET BUSINESS CREDIT CORPORATION monthly 57.74 12/08/01 1.6 92.38 FLEET BUSINESS CREDIT CORPORATION monthly 949.04 12/08/01 1.6 1,518.46 FLEET BUSINESS CREDIT CORPORATION monthly 429.15 12/08/01 1.6 686.64 FLEET BUSINESS CREDIT CORPORATION monthly 92.40 12/08/01 1.6 147.84 FLEET BUSINESS CREDIT CORPORATION monthly 175.45 12/08/01 1.6 280.72 FLEET BUSINESS CREDIT CORPORATION monthly 71.21 12/08/01 1.6 113.94 FLEET BUSINESS CREDIT CORPORATION monthly 70.21 12/08/01 1.6 112.34 FLEET BUSINESS CREDIT CORPORATION monthly 61.69 12/08/01 1.6 98.70 FLEET BUSINESS CREDIT CORPORATION monthly 109.24 12/08/01 1.6 174.78 FLEET BUSINESS CREDIT CORPORATION monthly 100.97 12/08/01 1.6 161.55 FLEET BUSINESS CREDIT CORPORATION monthly 70.54 12/08/01 1.6 112.86 FLEET BUSINESS CREDIT CORPORATION monthly 35.27 12/08/01 1.6 56.43 FLEET BUSINESS CREDIT CORPORATION monthly 101.44 12/08/01 1.6 162.30 FLEET BUSINESS CREDIT CORPORATION monthly 50.72 12/08/01 1.6 81.15 FLEET BUSINESS CREDIT CORPORATION monthly 70.21 12/08/01 1.6 112.34 FLEET BUSINESS CREDIT CORPORATION monthly 70.48 12/08/01 1.6 112.77 FLEET BUSINESS CREDIT CORPORATION monthly 35.27 12/08/01 1.6 56.43 FLEET BUSINESS CREDIT CORPORATION monthly 101.44 12/08/01 1.6 162.30 FLEET BUSINESS CREDIT CORPORATION monthly 50.72 12/08/01 1.6 81.15 FLEET BUSINESS CREDIT CORPORATION monthly 70.21 12/08/01 1.6 112.34 FLEET BUSINESS CREDIT CORPORATION monthly 100.97 12/08/01 1.6 161.55 FLEET BUSINESS CREDIT CORPORATION monthly 100.97 12/08/01 1.6 161.55 FLEET BUSINESS CREDIT CORPORATION monthly 70.87 12/08/01 1.6 113.39 FLEET BUSINESS CREDIT CORPORATION monthly 96.23 12/08/01 1.6 153.97 FLEET BUSINESS CREDIT CORPORATION monthly 204.20 12/08/01 1.6 326.72 FLEET BUSINESS CREDIT CORPORATION monthly 96.23 12/08/01 1.6 153.97 FLEET BUSINESS CREDIT CORPORATION monthly 96.23 12/08/01 1.6 153.97 FLEET BUSINESS CREDIT CORPORATION monthly 96.67 12/08/01 1.6 154.67 FLEET BUSINESS CREDIT CORPORATION monthly 96.23 12/08/01 1.6 153.97 FLEET BUSINESS CREDIT CORPORATION monthly 49.34 12/08/01 1.6 78.94 FLEET BUSINESS CREDIT CORPORATION monthly 96.67 12/08/01 1.6 154.67 FLEET BUSINESS CREDIT CORPORATION monthly 103.10 12/08/01 1.6 164.96 FLEET BUSINESS CREDIT CORPORATION monthly 96.23 12/08/01 1.6 153.97 FLEET BUSINESS CREDIT CORPORATION monthly 96.23 12/08/01 1.6 153.97 FLEET BUSINESS CREDIT CORPORATION monthly 96.67 12/08/01 1.6 154.67 FLEET BUSINESS CREDIT CORPORATION monthly 71.63 12/08/01 1.6 114.61 FLEET BUSINESS CREDIT CORPORATION monthly 71.61 12/08/01 1.6 114.58 FLEET BUSINESS CREDIT CORPORATION monthly 71.61 12/08/01 1.6 114.58 FLEET BUSINESS CREDIT CORPORATION monthly 71.63 12/08/01 1.6 114.61 FLEET BUSINESS CREDIT CORPORATION monthly 70.21 12/08/01 1 70.21 FLEET BUSINESS CREDIT CORPORATION monthly 53,352.75 12/08/01 1.6 85,364.40 FLEET LEASING CORPORATION N/A 498.56 Note 1 1 498.56 FLEET LEASING CORPORATION monthly 446.84 12/21/01 1 446.84 FLEET LONG TERM NOTE balloon 5,343,262.23 08/15/04 0 5,343,262.23 FORD MOTOR CREDIT monthly 492.14 12/05/01 1 492.14 2 Rider 3 - Status of Payments to Secured Creditors and Lessors Outsource International, Inc. Case No. LA 01-28173BB Consolidated FREQUENCY OF PAYMENTS PER AMOUNT OF NEXT PAYMENT POST-PETITION CREDITOR/LESSOR CONTRACT/LEASE EACH PAYMENT DUE PAYMENTS NOT MADE ** - --------------- -------------- ------------ ------------ ------------------------ FORD MOTOR CREDIT monthly 488.72 12/06/01 1 488.72 FORD MOTOR CREDIT monthly 506.38 12/02/01 1 506.38 FORD MOTOR CREDIT monthly 506.38 12/02/01 1 506.38 FORD MOTOR CREDIT monthly 506.38 12/02/01 1 506.38 GATX CAPITAL monthly 89.75 12/01/01 1.6 143.60 GATX CAPITAL monthly 47.92 12/01/01 1.6 76.67 GATX CAPITAL monthly 90.20 12/01/01 1.6 144.32 GATX CAPITAL monthly 90.23 12/01/01 1.6 144.37 GATX CAPITAL monthly 77.73 12/01/01 1.6 124.37 GATX CAPITAL monthly 85.57 12/01/01 1.6 136.91 GATX CAPITAL monthly 78.52 12/01/01 1.6 125.63 GATX CAPITAL monthly 3,356.30 12/01/01 1.6 5,370.08 GATX CAPITAL monthly 4,861.75 12/01/01 1.6 7,778.80 GATX CAPITAL monthly 136.37 12/01/01 1.6 218.19 GATX CAPITAL monthly 696.64 12/01/01 1.6 1,114.62 GATX CAPITAL monthly 90.10 12/01/01 1.6 144.16 GATX CAPITAL monthly 89.75 12/01/01 1.6 143.60 GATX CAPITAL monthly 90.12 12/01/01 1.6 144.19 GE CAPITAL monthly 165.87 12/15/01 1 165.87 GE CAPITAL monthly 116.72 12/23/01 1 116.72 GE CAPITAL monthly 206.17 12/23/01 1 206.17 GE CAPITAL monthly 242.20 12/23/01 1 242.20 GE CAPITAL monthly 159.54 12/23/01 1 159.54 GE CAPITAL monthly 44.36 12/08/01 1 44.36 GE CAPITAL monthly 925.42 12/08/01 0.6 555.25 GE CAPITAL monthly 423.09 12/12/01 1 423.09 GE CAPITAL monthly 233.82 12/06/01 1 233.82 GE CAPITAL monthly 233.82 12/06/01 1 233.82 GE CAPITAL monthly 243.40 12/19/01 1 243.40 GE CAPITAL monthly 233.84 12/06/01 1 233.84 GE CAPITAL monthly 182.02 12/30/01 1 182.02 GE CAPITAL monthly 140.80 12/01/01 1 140.80 GE CAPITAL monthly 132.02 12/30/01 1 132.02 GE CAPITAL monthly 224.41 Note 1 1 224.41 HEWLETT PACKARD monthly 15,200.76 12/01/01 1.6 24,321.22 HEWLETT PACKARD monthly 29,622.82 12/01/01 1.6 47,396.51 HEWLETT-PACKARD monthly 3,968.44 11/01/01 1.6 6,349.50 IOS CAPITAL formerly Ikon Capital monthly 170.30 11/29/01 1 170.30 IOS CAPITAL formerly Ikon Capital monthly 211.08 11/29/01 1 211.08 IOS CAPITAL formerly Ikon Capital monthly 211.08 11/29/01 1 211.08 IOS CAPITAL formerly Ikon Capital monthly 211.08 11/29/01 1 211.08 IOS CAPITAL formerly Ikon Capital monthly 211.08 11/29/01 1 211.08 KYOCERA MITA AMERICA INC N/A 233.82 Note 2 1 233.82 KYOCERA MITA AMERICA INC N/A 233.82 Note 2 1 233.82 KYOCERA MITA AMERICA INC N/A 233.84 Note 2 1 233.84 LOOKOUT LEASING CO monthly 105.00 12/28/01 0.6 63.00 LOOKOUT LEASING CO monthly 105.00 12/28/01 1 105.00 MARLIN LEASING CORPORATION monthly 187.68 11/10/01 0.3 15.12 MARLIN LEASING CORPORATION monthly 492.17 11/10/01 1 492.17 MICRON/FLEET LEASING monthly 857.17 11/01/01 1 857.17 MICRON/FLEET LEASING monthly 276.09 11/01/01 1 276.09 MICRON/FLEET LEASING monthly 106.53 11/01/01 1 106.53 MICRON/FLEET LEASING monthly 126.75 11/11/01 1 126.75 MICRON/FLEET LEASING monthly 71.08 11/11/01 1 71.08 MICRON/FLEET LEASING monthly 73.88 11/11/01 1 73.88 MICRON/FLEET LEASING monthly 71.79 11/15/01 1 71.79 MICRON/FLEET LEASING monthly 71.26 11/01/01 1 71.26 MICRON/FLEET LEASING monthly 58.65 11/15/01 1 58.65 MONROE BANK monthly 559.91 12/02/01 1 559.91 NTFC CAPITAL CORP monthly 117.16 CURRENT 0.1 15.12 OLD KENT BANK a/k/a HELLER FINANCIAL monthly 856.65 12/24/01 2 1,713.30 3 Rider 3 - Status of Payments to Secured Creditors and Lessors Outsource International, Inc. Case No. LA 01-28173BB Consolidated FREQUENCY OF PAYMENTS PER AMOUNT OF NEXT PAYMENT POST-PETITION CREDITOR/LESSOR CONTRACT/LEASE EACH PAYMENT DUE PAYMENTS NOT MADE ** - --------------- -------------- ------------ ------------ ------------------------ PANASONIC COMMUNICATIONS & SYS N/A 102.77 Note 2 1 102.77 PITNEY BOWES N/A 50.16 Note 1 1 50.16 PITNEY BOWES CREDIT CORPORATIO Tax pyt 86.39 N/A 1 86.39 PITNEY BOWES CREDIT CORPORATIO monthly 211.23 12/16/01 1 211.23 PITNEY BOWES CREDIT CORPORATIO monthly 458.43 12/07/01 1 458.43 PITNEY BOWES CREDIT CORPORATIO quarterly 117.45 12/06/01 1 117.45 SAXON BUSINESS SYSTEMS INC N/A 370.47 Note 1 1 370.47 TOSHIBA EASY LEASE N/A 32.90 Note 1 1 32.90 U.S. FINANCIAL monthly 698.89 12/28/01 1.4 998.89 UNITED LEASING ASSOCIATES monthly 155.28 12/01/01 2 310.56 ** These amounts are also included in the Accounts Payable aging in question #2. Fractions represent partial months unpaid. Note 1: No further invoices received, or due. Amounts represent June and/or July invoices. See explanation on Operating Report for further explanation. Note 2: Vendors no longer servicing these leases. Both Kyocera and Panasonic are being serviced through GE CAPITAL and are reflected on schedule as such on a go-forward basis. 4 RIDER 4 - PAYROLL TAX LIABILITIES FOR PERIOD 11/01/01 THROUGH 11/30/01 NOV 2001 OCT 2001 NOV 2001 FEDERAL FEDERAL TAXABLE GROSS FEDERAL TAXES TAXES PD IN TAXES PAYROLL ENTITIES PAYROLL EXP DUE (SEE NOTE 1.) NOV 2001 PD IN NOV 2001 --------------- ----------------- -------------- -------------- Outsource Int'l of America, Inc. 2,139,171.01 324,207.47 (307,029.15) (84,502.57) --------------- -------------- -------------- ------------ Synadyne III, Inc. 2,900,819.26 527,824.64 (473,525.08) (167,193.89) --------------- -------------- -------------- ------------ Guardian Employer West LLC 5,205,542.97 509,410.22 (468,826.82) (165,557.21) --------------- -------------- -------------- ------------ Guardian Employer East LLC 2,283,883.56 406,141.32 (357,792.09) (114,060.18) --------------- -------------- -------------- ------------ TOTALS - ALL ENTITIES $ 12,529,416.80 $ 1,767,583.65 $(1,607,173.13) $(531,313.85) =============== ============== ============== ============ TOTAL FEDERAL NOV 2001 OCT 2001 STATE TAXES NOV 2001 STATE TAXES TAXES PD IN PAID IN FEDERAL STATE PD IN NOV 2001 PAYROLL ENTITIES NOV 2001 TAXES STILL OWED TAXES DUE NOV 2001 (SEE NOTE 2.) ---------------- ---------------- -------------- ------------- ------------- Outsource Int'l of America, Inc. (391,531.72) 17,178.32 169.00 0.00 (153.00) ---------------- -------------- -------------- ------------- ------------- Synadyne III, Inc. (640,718.97) 54,299.56 46,485.35 (39,448.86) (11,612.09) ---------------- -------------- -------------- ------------- ------------- Guardian Employer West LLC (634,384.03) 40,583.40 56,957.35 (48,142.77) (28,239.25) ---------------- -------------- -------------- ------------- ------------- Guardian Employer East LLC (471,852.27) 48,349.23 36,881.74 (5,006.08) (40,578.12) ---------------- -------------- -------------- ------------- ------------- TOTALS - ALL ENTITIES $ (2,138,486.98) $ 160,410.52 $ 140,493.44 $ (92,597.71) $ (80,582.46) ================ ============== ============== ============= ============= TOTAL NOV 2001 STATE TAXES STATE LOCAL OCT 2001 LOCAL PD IN TAXES STILL NOV 2001 TAXES TAXES PD IN NOV 2001, OWED, INCL. LOCAL PD IN NOV 2001 PAYROLL ENTITIES INCL. SUTA SUTA TAXES DUE NOV 2001 (SEE NOTE 3.) -------------- ------------- ----------- ----------- ----------- Outsource Int'l of America, Inc. (153.00) 46,040.12 0.00 0.00 0.00 -------------- -------------- ------------ ------------ ------------ Synadyne III, Inc. (51,060.95) 275,761.56 0.00 0.00 0.00 -------------- -------------- ------------ ------------ ------------ Guardian Employer West LLC (76,382.02) 144,254.80 856.00 0.00 (1,058.75) -------------- -------------- ------------ ------------ ------------ Guardian Employer East LLC (45,584.20) 82,742.62 6,499.35 (1,007.72) (7,592.52) -------------- -------------- ------------ ------------ ------------ TOTALS - ALL ENTITIES $ (173,180.17) $ 548,799.10 $ 7,355.35 $ (1,007.72) $ (8,651.27) ============== ============== ============ ============ ============ TOTAL LOCAL LOCAL TAXES TAXES PD IN STILL PAYROLL ENTITIES NOV 2001 OWED ------------ ------------ Outsource Int'l of America, Inc. 0.00 0.00 ------------ ------------ Synadyne III, Inc. 0.00 0.00 ------------ ------------ Guardian Employer West LLC (1,058.75) 856.00 ------------ ------------ Guardian Employer East LLC (8,600.24) 5,491.63 ------------ ------------ TOTALS - ALL ENTITIES $ (9,658.99) $ 6,347.63 ============ ============ OUTSOURCE GUARDIAN GUARDIAN INT'L OF SYNADYNE EMPLOYER EMPLOYER ALL PAYROLL PAYROLL TAX SUMMARY: AMERICA, INC. III, INC. WEST, LLC EAST, LLC ENTITIES -------------- ------------- ------------ ------------- -------------- NOV 2001 TAXABLE GROSS PAYROLL EXPENSE $2,139,171.01 $2,900,819.26 $5,205,542.97 $2,283,883.56 $12,529,416.80 TOTAL OCT 2001 FED, STATE & LOCAL TAXES PAID IN NOV 2001 (84,655.57) (178,805.98) (194,855.21) (162,230.82) (620,547.58) TOTAL NOV 2001 FED, STATE & LOCAL TAXES DUE $ 324,376.47 $ 574,309.99 $ 567,223.57 $ 449,522.41 $ 1,915,432.44 LESS NOV 2001 TAXES PAID IN NOV 2001 (307,029.15) (512,973.94) (516,969.59) (363,805.89) (1,700,778.56) TOTAL NOV 2001 TAXES STILL OWED AT END OF PERIOD $ 17,347.32 $ 61,336.05 $ 50,253.98 $ 85,716.52 $ 214,653.88 ============= ============= ============= ============= ============== NOTE 1. DIFFERENCES BETWEEN 11/01 - 11/30/01 FWT REPORTS AND WHAT IS REPORTED HERE: TOTAL FWT DUE PER REPORTS 11/01 - 11/30/01 (CORE & SERVICE) $ 394,137.32 $ 571,726.94 $ 568,364.99 $ 449,016.73 $ 1,983,245.98 LESS 11/01/01 CORE P/R RETENTION BONUS ACCRUED TO 10/31/01 (58,749.93) (26,171.49) (51,350.43) (30,691.53) (166,963.38) LESS 11/30/01 SERVICE P/R ACCRUED TO 12/01/01 (11,178.43) (17,417.06) (7,604.34) (12,183.88) (48,383.71) LESS SUPPLEMENTAL P/R ADJUSTMENTS (CORE P/R) (1.49) (313.75) -- -- (315.24) ADJUSTED TOTAL NOV 2001 FEDERAL TAXES DUE $ 324,207.47 $ 527,824.64 $ 509,410.22 $ 406,141.32 $ 1,767,583.65 ============= ============= ============= ============= ============== NOTE 2. DIFFERENCES BETWEEN PRIOR PERIOD SWT & SUTA ACCRUALS AND WHAT WAS ACTUALLY PAID: PRIOR PERIOD SWT/SUTA STILL OWED $ 46,024.12 $ 280,337.16 $ 161,277.42 $ 91,347.32 $ 578,986.02 LESS 3RD QTR 2001 SUTA PAYMENTS UNPAID AS OF 11/30/01 (45,871.12) (268,725.07) (135,440.22) (50,866.96) (500,903.37) 11/01/01 TAXES ACCRUED TO 10/31/01 (RE: CORE RETENTION BONUS) -- -- 2,402.05 97.76 2,499.81 TOTAL PRIOR PERIOD SWT/SUTA PAID $ 153.00 $ 11,612.09 $ 28,239.25 $ 40,578.12 $ 80,582.46 ============= ============= ============= ============= ============== NOTE 3. Difference between prior period local tax accrual and what was actually paid: EAST LLC Prior period local tax accrual $ 7,563.87 + 11/01/01 Core P/R Columbus, OH CIWT accrued to 10/31/01 payment 28.65 Total prior period local tax paid $ 7,592.52 ============ Rider 5 - Insurance Coverage CONSOLIDATED OUTSOURCE INTERNATIONAL INC CONSOLIDATED INSURANCE SCHEDULE OF COVERAGE AS OF 11/25/01 Limits/ Premium Coverage Deductibles Term Company Paid to - -------- ----------- -------------------- ------- ------- WORKERS' COMPENSATION Statutory 01/01/01 - 01/01/02 Zurich 11/30/2001 EMPLOYERS LIABILITY Each Accident 1,000,000 Disease - Each Employee 1,000,000 Disease - Policy Limit 1,000,000 Deductible 250,000 - ------------------------------------------------------------------------------------------------------------------------------------ DEDUCTIBLE PROTECTION POLICY 01/01/01 - 01/01/02 Zurich 11/30/2001 (WC, GL, AL) - ------------------------------------------------------------------------------------------------------------------------------------ ERRORS & OMISSIONS 01/01/01 - 01/01/02 National Union Fire Ins 1/1/2002 Each Accident 1,000,000 Aggregate Limit 2,000,000 Deductible 50,000 - ------------------------------------------------------------------------------------------------------------------------------------ GENERAL LIABILITY 01/01/01 - 01/01/02 Zurich 11/30/2001 Policy Aggregate 25,000,000 Location Aggregate 2,000,000 Products/Completed Ops. 2,000,000 Each Occurrence 1,000,000 Personal & Advertising Injury 1,000,000 Fire Damage - Any One Fire 1,000,000 Medical - Any One Person 10,000 Employee Benefits (Claims Made) 1,000,000 Employee Benefits (Aggregate) 2,000,000 Retroactive Date (1/01/99) Deductible 50,000 - ------------------------------------------------------------------------------------------------------------------------------------ AUTO LIABILITY 01/01/01 - 01/01/02 Zurich 1/1/2002 Bodily Injury & Property Damage 1,000,000 Unisured/Underinsured 1,000,000 Personal Injury Protection Statutory Medical Payments - each person 2,000 Hired & Non-Owned Auto 1,000,000 Deductible 100,000 - ------------------------------------------------------------------------------------------------------------------------------------ AUTO PHYSICAL DAMAGE 01/01/01 - 01/01/02 Zurich 1/1/2002 Deductible-Collision 1,000 Deductible-Other Than Collision 1,000 - ------------------------------------------------------------------------------------------------------------------------------------ UMBRELLA LIABILITY 01/01/01 - 01/01/02 National Union Fire Ins Co 1/1/2002 of Pittsburgh, PA Each Occurrence 35,000,000 General Aggregate 35,000,000 Products/Completed Ops. 35,000,000 Deductible 10,000 - ------------------------------------------------------------------------------------------------------------------------------------ EMPLOYMENT PRACTICES LIABILITY 01/01/01 - 01/01/02 Lexington Ins 1/1/2002 Each Insured Event 5,000,000 Total Aggregate Policy Paid Limit 10,000,000 Deductible 50,000 - ------------------------------------------------------------------------------------------------------------------------------------ EMPLOYMENT PRACTICES LIABILITY-TAIL COVERAGE Extended Reporting Lexington Ins 4/8/2003 Period Each Insured Event 5,000,000 4/8/00-4/8/03 Total Aggregate Policy Paid Limit 10,000,000 - ------------------------------------------------------------------------------------------------------------------------------------ FIDUCIARY LIABILITY 5,000,000 01/01/01 - 01/01/02 National Union Fire Ins Co 1/1/2002 of Pittsburgh, PA Endorsements: Fl Amendatory Cancellation - Non Renewal Multiemployer Extension (Syn Sav & Inv) Amend Discovery Clause to bilateral election Amend notification requirement run-off Endorsement for Synadyne Deductible 10,000 - ------------------------------------------------------------------------------------------------------------------------------------ FIDUCIARY LIABILITY-TAIL COVERAGE 5,000,000 Extended Reporting National Union Fire Ins Co 4/8/2006 Period of Pittsburgh, PA Basic Form with following Endorsements: 4/8/00-4/8/06 FL Amendatory Cancellation - Non Ren Multiemployer Extension (Syn Sav & Inv) Option for Two Year Discovery (150%) Notice of Claims to Risk or Counsel Defense outside Limits for Addl. Prem. Deductible 10,000 - ------------------------------------------------------------------------------------------------------------------------------------ Rider 5 - Insurance Coverage CONSOLIDATED OUTSOURCE INTERNATIONAL INC CONSOLIDATED INSURANCE SCHEDULE OF COVERAGE AS OF 11/25/01 Limits/ Premium Coverage Deductibles Term Company Paid to - -------- ----------- -------------------- ------- ------- COMMERCIAL PROPERTY Per Schedule on 7/1/01-7/1/2002 The St. Paul 7/1/2002 File with carrier - ------------------------------------------------------------------------------------------------------------------------------------ DIFFERENCE IN CONDITIONS 5,000,000 LOSS LIMIT 10/18/01 - 10/18/02 Essex 10/18/02 (paid on 11/1/01) - ------------------------------------------------------------------------------------------------------------------------------------ CRIME-FIDELITY 7/29/99-7/29/02 National Union Fire Ins. Co. 7/29/2002 Insured's Fidelity Coverage 2,000,000 Client's Fidelity Coverage 2,000,000 Computer Fraud 2,000,000 Loss Inside premises/Loss Outside premises 2,000,000 Counterfeit Currency/Depositors Forgery 2,000,000 Deductible Per Occurrence 100,000 Aggregate Deductible 300,000 - ------------------------------------------------------------------------------------------------------------------------------------ DIRECTORS & OFFICERS 20,000,000 10/23/01-10/23/02 National Union Fire Ins. Co. 11/30/2001 Deductible-SEC & Y2K 150,000 Deductible-All Other 75,000 - ------------------------------------------------------------------------------------------------------------------------------------ LIQUOR LIABILITY PER EACH EVENT 1,000,000 3/31/01-1/1/02 Zurich 1/1/2002 aggregate 2,000,000 - ------------------------------------------------------------------------------------------------------------------------------------ BASIC LIFE AND AD&D Life: 2 x annual 8/1/01-4/1/02 UNUM Life Ins Co 11/30/2001 salary max $500k w/out good health evidence, max $750k w/good health evidence AD&D: 2 x annual earnings max $500k or $750k if evidence of insurability for life insurance was approved. - ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM DISABILITY 60% of monthly earnings, 8/1/01-4/1/02 UNUM Life Ins Co 11/30/2001 max $10k monthly until (PAID age 65 or disabled 12/3/01) - ------------------------------------------------------------------------------------------------------------------------------------ BUSINESS TRAVEL ACCIDENT INSURANCE Directors, Officers, 8/1/01-4/1/03 UNUM Life Ins Co 4/1/2003 Managers 3 x annual earnings max $1 m; all else 1 x annual earnings max $150k. - ------------------------------------------------------------------------------------------------------------------------------------ CIGNA EMPLOYEE MEDICAL COVERAGE (SELF INSURED) $75,000 per person stop loss 8/1/01-4/1/02 Cigna 11/30/2001 (PAID 12/3/01) - ------------------------------------------------------------------------------------------------------------------------------------ CIGNA DENTAL INSURANCE (SELF INSURED) $1,500 per person stop loss 8/1/01-4/1/02 Cigna 11/30/2001 (PAID 12/3/01) - ------------------------------------------------------------------------------------------------------------------------------------ RIDER 6 - SIGNIFICANT EVENTS CONSOLIDATED OUTSOURCE INTERNATIONAL, INC. CASE NO. LA 01-28173BB During the November, 2001 reporting period, the following significant events took place: - - Assumed franchisee contracts and seven real estate leases on 11/21/2001. - - The Creditors' Committee meeting was moved from 12/7/01 to 1/18/02. - - A "Letter of Intent was signed on 11/27/01. - - Directors & Officers insurance was renewed and financing approved. An initial payment of $50,000 was made on 11/21/2001 and $200,000 was financed over 9 months with payment #1 of 9 due 12/23/01. - - OSI signed a stipulation with Ford Motor Credit on 12/4/01 to return 5 vans. - - Proof of Claims bar date set for 1/28/02, and advertised in The Wall Street Journal.