IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
EXHIBIT 99.4
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
AMENDED SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: May 31, 2001
BEGINNING BALANCE IN ALL ACCOUNTS $ (59,401.80)
RECEIPTS:
1. Receipts from Operations $2,205,899.96
Receipts from Operations (Received on behalf of Other Affiliates) $ 35,329.85
2. Other Receipts $ 15,830.36
Other Receipts (Received on behalf of Other Affiliates) $ 255.19
-------------
TOTAL RECEIPTS $2,257,315.36
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others (Paid by Parent or Affiliate) $ 102,384.22
4. Taxes
a. Federal Income Taxes (Paid by Parent or Affiliate) $ 24,873.52
b. FICA Withholdings (Paid by Parent or Affiliate) $ 8,003.32
c. Employee's withholdings (Paid by Parent or Affiliate) $ 2,712.07
d. Employer's FICA (Paid by Parent or Affiliate) $ 7,948.01
e. Federal Unemployment Taxes (Paid by Parent or Affiliate) $ 42.82
f. State Income Tax (Paid by Parent or Affiliate) $ 1,235.63
g. State Employee withholdings (Paid by Parent or Affiliate) $ 4,599.09
h. All other state taxes (Paid by Parent or Affiliate) $ 214.52
5. Necessary Expenses
a. Rent or mortgage payment(s) $ 126,535.56
b. Utilities $ 2,978.90
c. Insurance (Paid by Parent or Affiliate) $ 4,795.04
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses
Network Costs $2,264,826.00
GTS Carrier Services (Paid by Parent or Affiliate) $ 51,420.00
Standard Bank (Paid by Parent or Affiliate) $ 50,000.00
-------------
TOTAL DISBURSEMENTS $2,652,568.70
Add: Disbursements made on behalf of Affiliates $ 12,784.41
Less: Disbursements paid by Parent or Affiliates $ (258,228.24)
-------------
ADJUSTED TOTAL DISBURSEMENTS $2,407,124.87
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ (149,809.51)
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ 819,674.92
-------------
ENDING BALANCE IN Citibank $ 8,411.54
ENDING BALANCE IN BofA-Atlanta GA $ (261,204.57)
ENDING BALANCE IN BofA-Dallas TX $ 870,720.11
ENDING BALANCE IN Cash Receipts Clearing $ (7,866.52)
ENDING BALANCE IN Petty Cash-Corporate $ 403.05
-------------
ENDING BALANCE IN ALL ACCOUNTS $ 610,463.61
=============
OPERATING REPORT Page 1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: May 31, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: BofA-Dallas TX
Account Number: 3751469007
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- -----------
Receipts from Operations:
04/26/01 Carriers $ 2,366.36
04/26/01 Carriers $ 82,189.62
04/27/01 Carriers $ 34,000.00
04/30/01 Carriers $ 70,103.73
05/02/01 Carriers $ 439,591.98
05/07/01 Carriers $ 3,789.01
05/09/01 Carriers $ 998,886.60
05/11/01 Carriers $ 574,972.66
---------------
Total $ 2,205,899.96
Receipts from Operations (Received on behalf of World Access Telecommunications Group):
04/26/01 Norbel Telecom, Inc. (Primetec) $ 5,734.76
05/02/01 Huntington Market (Primetec) $ 29,595.09
---------------
$ 35,329.85
Other Receipts:
04/25/01 Misc & Int. $ 34.34
05/02/01 Misc & Int. $ 33.69
05/11/01 Misc & Int. $ 567.09
05/21/01 Misc & Int. $ 12,439.60
05/24/01 Misc & Int. $ 2,732.38
---------------
Total $ 15,807.10
Other Receipts (Received on behalf of World Access Telecommunications Group):
05/15/01 State of Nevada - Cash Bond Refund (Resurgens) $ 255.19
---------------
$ 255.19
---------------
$ 2,257,292.10
===============
OPERATING REPORT Page 2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: May 31, 2001
Bank: Citibank
Location: Washington, DC
Account Name: Money Management Account
Account Number: 66755141
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- --------
05/31/01 Interest Income $ 23.26
--------
Total $ 23.26
========
OPERATING REPORT Page 3
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
DISBURSEMENT LISTING
For the Month Ending: May 31, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name:
Account Number: 3751469007
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- -------------
04/26/01 WIRE TRANSFER SEMI CONDUCTOR MATERIAL, INC. $ 50,000.00
04/26/01 WIRE TRANSFER ATLAS COMM LTD $ 50,000.00
04/26/01 WIRE TRANSFER Axistel International Inc. - USA $ 50,000.00
04/26/01 WIRE TRANSFER BASIC MARKETING $ 150,000.00
04/26/01 WIRE TRANSFER BELLSOUTH $ 50,000.00
04/26/01 WIRE TRANSFER FRONTLINE COMM $ 50,000.00
04/26/01 WIRE TRANSFER FORVAL $ 50,000.00
04/26/01 WIRE TRANSFER ITXC CORP $ 50,000.00
04/26/01 WIRE TRANSFER WORLD LINK $ 50,000.00
04/26/01 WIRE TRANSFER XPLORIUM $ 50,000.00
04/26/01 WIRE TRANSFER ZSF $ 250,000.00
05/14/01 WIRE TRANSFER INTERNATIONAL TALK $ 150,000.00
05/14/01 WIRE TRANSFER ATLAS COMM LTD $ 50,000.00
05/14/01 WIRE TRANSFER BELLSOUTH $ 500,000.00
05/14/01 WIRE TRANSFER SPRINT $ 400,000.00
05/14/01 WIRE TRANSFER WORLD LINK $ 100,000.00
05/25/01 WIRE TRANSFER E-Bone $ 96,246.91
-------------
Total $2,146,246.91
=============
OPERATING REPORT Page 4
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
DISBURSEMENT LISTING
For the Month Ending: May 31, 2001
Bank: Bank of America
Location: Atlanta, GA
Account Name:
Account Number: 3299979536
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------------
05/11/01 0000001249 SIMPLE COMM TECH $ 19,938.77
05/18/01 0000001251 TMR, INC $ 40,174.00
05/18/01 0000001252 NEW WORLD TOWER PARTNERS, LTD. $ 12,651.40
05/18/01 0000001253 QUINBY BUILDING $ 10,087.82
05/18/01 0000001254 111 EIGHTH AVENUE LLC $ 42,485.59
05/18/01 0000001255 CORBAN COMMUNICATIONS, INC $ 2,220.58
05/18/01 0000001256 DESCALSO HOWARD ST. BLDG. $ 8,585.00
05/18/01 0000001257 ONE WILSHIRE ARCADE IMP. LTD. $ 7,938.44
05/18/01 0000001258 HATFIELD PHILIPS INC/SOVEREIGN BANK $ 5,371.63
05/18/01 0000001259 Waterton Printers' Square, LLC $ 12,784.41
05/23/01 0000001260 AMERICATEL $ 29,875.21
05/23/01 0000001261 AT&T $ 21,952.46
05/23/01 0000001262 ICG TELECOM GROUP $ 825.00
05/23/01 0000001263 AT&T $ 801.45
05/23/01 0000001264 AT&T $ 1,873.86
05/23/01 0000001265 AT&T $ 745.75
05/23/01 0000001267 ICELAND TELECOM $ 35,000.00
05/23/01 0000001268 ICG TELECOM GROUP, INC. $ 7,566.59
------------
Total $ 260,877.96
Less Disbursements made on behalf of Parent or Affiliate $ (12,784.41)
------------
$ 248,093.55
============
OPERATING REPORT Page 5
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: May 31, 2001
STATEMENT OF INVENTORY
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
------------
Ending inventory $ --
============
PAYROLL INFORMATION STATEMENT
Gross payroll for this period $ 143,807.85
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
- --------------------------- -------------- --------------- ------------------- -------------------
TMR, Inc 5/1/2001 $ 40,174.00 0 $ --
New World Tower Partners 5/1/2001 $ 12,651.40 0 $ --
Quinby Building Inc 5/1/2001 $ 10,087.82 0 $ --
111 Eight Ave, LLC 5/1/2001 $ 42,485.59 0 $ --
Corban Communications 5/1/2001 $ 2,220.58 0 $ --
Descalso Howard 5/1/2001 $ 8,585.00 0 $ --
One Wilshire Arcade 5/1/2001 $ 7,938.44 0 $ --
Hatfield Philips 5/1/2001 $ 5,371.63 0 $ --
OPERATING REPORT Page 6
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: May 31, 2001
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY TOTAL
--------------------------------------------------------------------
Beginning of month balance $ 104,150,979.70 $ -- $ 104,150,979.70
Add: sales on account $ 6,918,912.33 $ -- $ 6,918,912.33
Add: customer credits $ -- $ -- $ --
Add: intercompany activity $ -- $ 6,575,306.47 $ 6,575,306.47
Less: collections $ (2,205,899.96) $ -- $ (2,205,899.96)
Less: offsets $ (300,000.00) $ 300,000.00 $ --
Less: application of customer deposits $ -- $ -- $ --
--------------------------------------------------------------------
End of month balance $ 108,563,992.07 $ 6,875,306.47 $ 115,439,298.54
====================================================================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
-------------- --------------- ----------------- ----------------- -------------------
$ 7,606,840.41 $ 41,097,943.91 $ 14,581,416.38 $ 45,277,791.37 $ 108,563,992.07
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
-----------------------------------------------------------
Beginning of month balance $ -- $ -- $ --
Add: sales on account** $ 7,501,372.28 $ -- $ 7,501,372.28
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (258,228.24) $ 258,228.24 $ --
Net cash advanced by Parent or Affiliate $ -- $ 819,674.92 $ 819,674.92
Credit extended by Parent or Affiliate $ -- $ 2,909,840.53 $ 2,909,840.53
Amounts collected on behalf of Affiliate $ -- $ 35,585.04 $ 35,585.04
Less: payments $(2,394,340.46) $ -- $(2,394,340.46)
-----------------------------------------------------------
End of month balance $ 4,848,803.58 $ 4,023,328.73 $ 8,872,132.31
===========================================================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
-------------- --------------- --------------- -------------- -------------------
$ 4,848,803.58 $ -- $ -- $ 4,848,803.58
(**) The post-petition accounts payable balances accrued for above are
subject to customary audit and review, which could result in changes to
the balances recorded. If upon such audit and review amounts invoiced
by vendors are disputed, such disputed amounts are not reflected in the
accounts payable balances reflected above. As of May 31, the Debtor has
been invoiced cumulative post-petition disputed amounts totalling
$989,919.
OPERATING REPORT Page 7
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For The Month Ending: May 31, 2001
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes See Note Below
If any of the above have not been paid, state below the tax not paid,
the amounts past due and the date of the last payment.
Note to Item 8:
The Debtor may have personal property subject to tax in various jurisdictions
throughout the United States. No expense has been accrued or paid for any such
potential post-petition claims.
OPERATING REPORT Page 8
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
DECLARATION UNDER PENALTY OF PERJURY
I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in
Possession declare under penalty of perjury under the laws of the United States
that I have read and I certify that the figures, statements, disbursement
itemizations, and account balances as listed in this Monthly Report of the
Debtor are true and correct as of the date of this report to the best of my
knowledge, information and belief.
/s/ Henry C. Lyon
---------------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
OPERATING REPORT Page 9
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
AMENDED SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: June 30, 2001
BEGINNING BALANCE IN ALL ACCOUNTS $ 610,463.61
RECEIPTS:
1. Receipts from Operations $ 612,500.95
Receipts from Operations (Received on behalf of Other Affiliates) $ 2,909.64
2. Other Receipts $ --
Other Receipts (Received on behalf of Other Affiliates) $ 50,500.00
Other Receipts (Received by Parent or Affiliates) $ 150,000.00
----------------
TOTAL RECEIPTS $ 815,910.59
Less: Receipts received by Parent or Affiliates $ (150,000.00)
----------------
ADJUSTED TOTAL RECEIPTS $ 665,910.59
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others $ --
4. Taxes
a. Federal Income Taxes $ --
b. FICA Withholdings $ --
c. Employee's withholdings $ --
d. Employer's FICA $ --
e. Federal Unemployment Taxes $ --
f. State Income Tax $ --
g. State Employee withholdings $ --
h. All other state taxes $ --
5. Necessary Expenses
a. Rent or mortgage payment(s) $ 110,384.04
b. Utilities $ 25,131.27
c. Insurance (Paid by Parent or Affiliate) $ 4,698.89
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses
Computer Access (Paid By Parent or Affiliate) $ 9,250.00
Employee Expenses (Paid By Parent or Affiliate) $ 2,596.67
Building Maintenance $ 251.00
----------------
TOTAL DISBURSEMENTS $ 152,311.87
Add: Disbursements made on behalf of Parent or Affiliates $ 12,784.41
Less: Disbursements paid by Parent or Affiliates $ (16,545.56)
----------------
ADJUSTED TOTAL DISBURSEMENTS $ 148,550.72
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 517,359.87
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ 120,000.00
----------------
ENDING BALANCE IN Citibank $ 8,411.54
ENDING BALANCE IN BofA-Atlanta GA $ (29,755.29)
ENDING BALANCE IN BofA-Dallas TX $ 1,276,630.70
ENDING BALANCE IN Cash Receipts Clearing $ (7,866.52)
ENDING BALANCE IN Petty Cash-Corporate $ 403.05
----------------
ENDING BALANCE IN ALL ACCOUNTS $ 1,247,823.48
================
OPERATING REPORT Page 1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
06/05/01 Carriers $ 30,634.10
06/07/01 Carriers $ 23,813.43
06/08/01 Carriers $ 965.38
06/11/01 Carriers $ 2,865.52
06/12/01 Carriers $ 75.00
06/13/01 Carriers $ 89.52
06/20/01 Carriers $ 534,969.85
06/22/01 Carriers $ 755.91
06/28/01 Carriers $ 18,332.24
--------------
$ 612,500.95
Receipts from Operations (Received on behalf of World Access Telecommunications Group):
06/05/01 Creative Paper Products (Comm/Net customer) $ 114.38
06/05/01 JCJ Marketing by Design (Comm/Net customer) $ 338.50
06/07/01 Huntington (Primetec customer) $ 2,456.76
--------------
$ 2,909.64
Other Receipts (Received on behalf of World Access Telecommunications Group):
06/15/01 Comservices Corp (Sale of Comm/Net Equipment) $ 2,500.00
06/15/01 Telecom Recyclers, Inc. (Sale of Primetec Equipment) $ 23,000.00
06/15/01 Telecom Recyclers, Inc. (Sale of Primetec Equipment) $ 25,000.00
--------------
$ 50,500.00
--------------
$ 665,910.59
==============
OPERATING REPORT Page 2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending June 30, 2001
DEPOSITED IN PARENT'S OR AFFILIATE'S BANK ACCOUNT (TO BE TRANSFERRED TO
DEBTOR'S ACCOUNT)
WHERE
DATE RECEIVED DEPOSITED DESCRIPTION AMOUNT
------------- --------- ----------- ------
Other Receipts:
06/11/01 WAXS American Tower Corporation (Deposit on asset sale) $ 150,000.00
=============
Parent and Affiliate Abbreviations:
WAXS World Access, Inc.
WATP WA Telecom Products Co., Inc.
WxC WorldxChange Communications, Inc.
WATG World Access Telecommunications Group, Inc.
OPERATING REPORT Page 3
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name:
Account Number: 3751469007
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
6/1/2001 0000001269 NEXTEL $ 4,376.76
6/1/2001 0000001270 NEXTEL 0001247752-7 $ 2,000.00
6/25/2001 0000001286 TMR, INC $ 40,174.00
6/25/2001 0000001287 NEW WORLD TOWER PARTNERS, LTD. $ 9,883.06
6/25/2001 0000001288 QUINBY BUILDING $ 10,087.82
6/25/2001 0000001289 111 EIGHTH AVENUE LLC $ 27,485.59
6/25/2001 0000001290 DESCALSO HOWARD ST. BLDG. $ 9,443.50
6/25/2001 0000001291 ONE WILSHIRE ARCADE IMP. LTD. $ 7,938.44
6/25/2001 0000001292 HATFIELD PHILIPS INC/SOVEREIGN BANK $ 5,371.63
6/25/2001 0000001293 Waterton Printers' Square, LLC $ 12,784.41
6/25/2001 0000001294 WORLD WIDE MAIN $ 51.00
6/27/2001 0000001295 PALACIOS JANITORAIL SERVICE $ 100.00
6/28/2001 0000001296 QUINBY BUILDING $ 18,754.51
6/30/2001 0000001297 PALACIOS JANITORAIL SERVICE $ 100.00
---------------
Total $ 148,550.72
Less Disbursements made on behalf of Parent or Affiliate $ (12,784.41)
---------------
$ 135,766.31
===============
OPERATING REPORT Page 4
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: June 30, 2001
STATEMENT OF INVENTORY
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
-------------
Ending inventory $ --
=============
PAYROLL INFORMATION STATEMENT
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
----------------------- -------------- --------------- -------------------- -------------------
TMR, Inc 6/1/2001 $ 40,174.00 0 $ --
New World Tower Partners 6/1/2001 $ 12,651.40 0 $ --
Quinby Building Inc 6/1/2001 $ 10,087.82 0 $ --
111 Eight Ave, LLC 6/1/2001 $ 42,485.59 0 $ --
Descalso Howard 6/1/2001 $ 8,585.00 0 $ --
One Wilshire Arcade 6/1/2001 $ 7,938.44 0 $ --
Hatfield Philips 6/1/2001 $ 5,371.63 0 $ --
OPERATING REPORT Page 5
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: June 30, 2001
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY TOTAL
------------------ ---------------- ------------------
Beginning of month balance $ 108,563,992.07 $ 6,875,306.47 $ 115,439,298.54
Add: sales on account $ -- $ -- $ --
Add: customer credits $ -- $ -- $ --
Add: intercompany activity $ -- $ 162,784.41 $ 162,784.41
Less: collections $ (612,500.95) $ -- $ (612,500.95)
Less: offsets $ -- $ -- $ --
Less: application of customer deposits $ -- $ -- $ --
------------------ ---------------- ------------------
End of month balance $ 107,951,491.12 $ 7,038,090.88 $ 114,989,582.00
================== ================ ==================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- ------------ ------------------
$5,430,116.63 $ 2,420,417.45 $ 40,867,182.55 $59,233,774.49 $107,951,491.12
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
------------------ ---------------- ------------------
Beginning of month balance $ 4,848,803.58 $ 4,023,328.73 $ 8,872,132.31
Add: sales on account** $ 803,440.07 $ -- $ 803,440.07
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (16,545.56) $ 16,545.56 $ --
Net cash advanced by Parent or Affiliate $ -- $ 120,000.00 $ 120,000.00
Credit extended by Parent or Affiliate $ -- $ 40,575.82 $ 40,575.82
Amounts collected on behalf of Affiliate $ -- $ 53,409.64 $ 53,409.64
Less: payments $ (135,766.31) $ -- $ (135,766.31)
------------------ ---------------- ------------------
End of month balance $ 5,499,931.78 $ 4,253,859.75 $ 9,753,791.53
================== ================ ==================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- ------------ ------------------
$ 651,128.20 $ 4,848,803.58 $ -- $ -- $5,499,931.78
**The post-petition accounts payable balances accrued for above are subject to
customary audit and review, which could result in changes to the balances
recorded. If upon such audit and review amounts invoiced by vendors are
disputed, such disputed amounts are not reflected in the accounts payable
balances reflected above. As of June 30, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $1,476,965.
OPERATING REPORT Page 6
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For The Month Ending: June 30, 2001
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes incurred
after the filing of their Chapter 11 petition on an as due basis. Please
indicate whether the following post petition taxes or withholdings have been
paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes See Note Below
If any of the above have not been paid, state below the tax not paid, the
amounts past due and the date of the last payment.
Note to Item 8:
The Debtor may have personal property subject to tax in various jurisdictions
throughout the United States. No expense has been accrued or paid for any such
potential post-petition claims.
OPERATING REPORT Page 7
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
DECLARATION UNDER PENALTY OF PERJURY
I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in
Possession declare under penalty of perjury under the laws of the United States
that I have read and I certify that the figures, statements, disbursement
itemizations, and account balances as listed in this Monthly Report of the
Debtor are true and correct as of the date of this report to the best of my
knowledge, information and belief.
/s/ Henry C. Lyon
-----------------------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
OPERATING REPORT Page 8
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
AMENDED SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: July 31, 2001
BEGINNING BALANCE IN ALL ACCOUNTS $ 1,247,823.48
RECEIPTS:
1. Receipts from Operations $ 115,744.00
2. Other Receipts $ 7,153.57
------------------
TOTAL RECEIPTS $ 122,897.57
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others $ --
4. Taxes
a. Federal Income Taxes $ --
b. FICA Withholdings $ --
c. Employee's withholdings $ --
d. Employer's FICA $ --
e. Federal Unemployment Taxes $ --
f. State Income Tax $ --
g. State Employee withholdings $ --
h. All other state taxes $ 717.14
5. Necessary Expenses
a. Rent or mortgage payment(s) $ 148,336.30
b. Utilities $ 26,704.10
c. Insurance (Paid by Parent or Affiliate) $ (3,278.55)
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses
Computer Access (Paid by Parent or Affiliate) $ 9,250.00
Employee Expenses $ 2,033.43
Building Maintenance $ 300.00
------------------
TOTAL DISBURSEMENTS $ 184,062.42
Add: Disbursements made on behalf of Parent or Affiliates $ 13,512.72
Less: Disbursements paid by Parent or Affiliates $ (5,971.45)
------------------
ADJUSTED TOTAL DISBURSEMENTS $ 191,603.69
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ (68,706.12)
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ --
------------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 778,641.02
ENDING BALANCE IN BofA-Dallas TX $ 399,506.91
ENDING BALANCE IN Cash Receipts Clearing $ (7,866.52)
ENDING BALANCE IN Petty Cash-Corporate $ 403.05
------------------
ENDING BALANCE IN ALL ACCOUNTS $ 1,179,117.36
==================
OPERATING REPORT Page 1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: July 31, 2001
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
07/02/01 Capsule Communications $ 30,101.05
07/17/01 WorldCom $ 798.20
07/17/01 Capsule Communications $ 12,419.20
07/23/01 General Telecom $ 22,352.00
07/24/01 General Telecom $ 35,500.00
07/25/01 Interactive Media Technologies, Inc. $ 755.91
07/31/01 Capsule Communications $ 13,817.64
------------
$ 115,744.00
Other Receipts:
07/09/01 Auctioneers & Associates $ 337.75
07/25/01 Stahelin Partners $ 6,794.46
------------
$ 7,132.21
------------
$ 122,876.21
============
OPERATING REPORT Page 2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: July 31, 2001
Bank: Citibank
Location: Washington, DC
Account Name: Money Management Account
Account Number: 66755141
DATE RECEIVED DESCRIPTION AMOUNT
- ------------- ----------- ------
06/30/01 Interest $ 21.36
--------
Total $ 21.36
========
OPERATING REPORT Page 3
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
DISBURSEMENT LISTING
For the Month Ending: July 31, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name:
Account Number: 3751469007
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
- -------------- ------------ ----------- ------------
7/6/2001 0000001299 BELLSOUTH 1,800.51
7/6/2001 0000001300 BELLSOUTH 255.80
7/6/2001 0000001301 BELLSOUTH 1,386.66
7/6/2001 0000001302 VERIZON 194.17
7/6/2001 0000001303 PACIFIC BELL 174.05
7/6/2001 0000001304 PACIFIC BELL 50.05
7/6/2001 0000001305 PACIFIC BELL 473.33
7/6/2001 0000001306 PACIFIC BELL 57.10
7/6/2001 0000001307 AT&T 130.93
7/6/2001 0000001308 AMERTIECH 349.76
7/6/2001 0000001309 VERIZON 509.53
7/6/2001 0000001310 PACIFIC BELL 133.32
7/6/2001 0000001311 PACIFIC BELL 158.43
7/6/2001 0000001312 VERIZON 445.45
7/6/2001 0000001313 SWBT 238.85
7/6/2001 0000001314 QWEST 3,400.27
7/6/2001 0000001315 VERIZON 2.69
7/6/2001 0000001316 CINGULAR 644.01
7/6/2001 0000001317 TMR, INC 40,174.00
7/6/2001 0000001318 NEW WORLD TOWER 10,412.61
7/6/2001 0000001320 DESCALSO HOWARD 8,585.00
7/6/2001 0000001322 HATFIELD PHILIP 10,017.16
7/6/2001 0000001323 Waterton Printe 13,512.72
7/6/2001 0000001324 AMERICAN BLDG MAINTENANCE 1,006.12
7/6/2001 0000001325 COSTA BRAVA 276.90
7/6/2001 0000001326 FIRSTTECH CORPORATION 1,055.44
7/6/2001 0000001327 PAUL CLISHAM 1,370.00
7/10/2001 0000001328 AMERITECH 363.47
7/10/2001 0000001329 PACIFIC BELL 87.09
7/10/2001 0000001330 QUINBY BUILDING 18,261.18
7/10/2001 0000001331 111 EIGHTH AVEN 38,774.00
7/10/2001 0000001332 VANGUARD ARCHIVES 608.48
7/10/2001 0000001333 COMED 2,702.31
7/10/2001 0000001334 ONE WILSHIRE ARCADE 8,060.57
7/10/2001 0000001335 AMERICAN BLDG MAINTENANCE 450.50
7/10/2001 0000001336 COMPUTER-SITE AIR 754.80
7/11/2001 0000001337 PALACIOS JANITOR 100.00
7/12/2001 0000001339 CITY TREASURER 679.48
7/18/2001 0000001340 ROBERT GARCIA 49.00
7/18/2001 0000001341 NEXTEL 1,941.48
7/18/2001 0000001342 PALACIOS JANITOR 100.00
7/30/2001 0000001343 ROBERT HOLLOWAY 434.43
7/30/2001 0000001344 PACIFIC BELL 44.23
7/30/2001 0000001345 SOUTHWESTERN BELL 223.07
7/30/2001 0000001346 VERIZON 38.10
7/30/2001 0000001347 TENNESSEE DEPT 15.30
7/30/2001 0000001348 VANGUARD ARCHIVES 608.48
7/30/2001 0000001349 CITY TREASURER 22.36
7/30/2001 0000001350 NEXTEL 4,000.00
7/30/2001 0000001351 HATFIELD PHILIPS 9,291.06
7/30/2001 0000001352 PALACIOS JANITOR 100.00
7/30/2001 0000001353 NBANC 25.00
7/30/2001 0000001354 PAUL CLISHAM 180.00
7/30/2001 0000001355 SAN DIEGO GAS & ELECTRIC 6,874.44
------------
Total $ 191,603.69
Less Disbursements made on behalf of Parent or Affiliate $ (13,512.72)
------------
$ 178,090.97
============
OPERATING REPORT Page 4
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: July 31, 2001
STATEMENT OF INVENTORY
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
-----
Ending inventory $ --
=====
PAYROLL INFORMATION STATEMENT
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
----------------------- -------------- --------------- ------------------- -------------------
TMR, Inc 7/1/2001 $ 40,174.00 0 $--
New World Tower Partners 7/1/2001 $ 12,651.40 0 $--
Quinby Building Inc 7/1/2001 $ 10,087.82 0 $--
111 Eight Ave, LLC 7/1/2001 $ 42,485.59 0 $--
Descalso Howard 7/1/2001 $ 8,585.00 0 $--
One Wilshire Arcade 7/1/2001 $ 7,938.44 0 $--
Hatfield Philips 7/1/2001 $ 5,371.63 0 $--
OPERATING REPORT Page 5
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: July 31, 2001
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY TOTAL
-------------------------------------------------------------
Beginning of month balance $ 107,951,491.12 $ 7,038,090.88 $ 114,989,582.00
Add: sales on account $ -- $ -- $ --
Less: customer credits $ (974,266.73) $ -- $ (974,266.73)
Add: intercompany activity $ -- $ 13,512.72 $ 13,512.72
Less: collections $ (115,744.00) $ -- $ (115,744.00)
Less: offsets $ -- $ -- $ --
Less: application of customer deposits $ (49,988.00) $ -- $ (49,988.00)
-------------------------------------------------------------
End of month balance $ 106,811,492.39 $ 7,051,603.60 $ 113,863,095.99
=============================================================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- ------------ -------------- -------------- --------------- ------------------
$ 365,177.70 $ 4,573,879.17 $ 2,311,615.69 $ 99,560,819.83 $ 106,811,492.39
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
--------------------------------------------------------
Beginning of month balance $ 5,499,931.78 $ 4,253,859.75 $ 9,753,791.53
Add: sales on account** $ 184,062.42 $ -- $ 184,062.42
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (5,971.45) $ 5,971.45 $ --
Net cash advanced by Parent or Affiliate $ -- $ -- $ --
Credit extended by Parent or Affiliate $ -- $ -- $ --
Amounts collected on behalf of Affiliate $ -- $ -- $ --
Less: payments $ (178,090.97) $ -- $ (178,090.97)
--------------------------------------------------------
End of month balance $ 5,499,931.78 $ 4,259,831.20 $ 9,759,762.98
========================================================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- ------------ -------------- -------------- --------------- ------------------
$ -- $ 651,128.20 $ 4,848,803.58 $ -- $ 5,499,931.78
**The post-petition accounts payable balances accrued for above are subject to
customary audit and review, which could result in changes to the balances
recorded. If upon such audit and review amounts invoiced by vendors are
disputed, such disputed amounts are not reflected in the accounts payable
balances reflected above. As of July 31, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $1,951,535.
OPERATING REPORT Page 6
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For The Month Ending: July 31, 2001
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes See Note Below
If any of the above have not been paid, state below the tax not paid,
the amounts past due and the date of the last payment.
Note to Item 8:
The Debtor may have personal property subject to tax in various jurisdictions
throughout the United States. No expense has been accrued or paid for any such
potential post-petition claims.
OPERATING REPORT Page 7
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
DECLARATION UNDER PENALTY OF PERJURY
I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in
Possession declare under penalty of perjury under the laws of the United States
that I have read and I certify that the figures, statements, disbursement
itemizations, and account balances as listed in this Monthly Report of the
Debtor are true and correct as of the date of this report to the best of my
knowledge, information and belief.
/s/ Henry C. Lyon
---------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
OPERATING REPORT Page 8
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: August 31, 2001
BEGINNING BALANCE IN ALL ACCOUNTS $ 1,179,117.36
RECEIPTS:
1. Receipts from Operations $ 592,192.02
Receipts from Operations (Received on behalf of Affiliate) $ 5,063,791.67
2. Other Receipts $ --
Other Receipts (Received by Parent/Affiliate) $ 1,247,320.00
---------------
TOTAL RECEIPTS $ 6,903,303.69
Less: Receipts (Received by Parent/Affiliate) $ (1,247,320.00)
---------------
ADJUSTED TOTAL RECEIPTS $ 5,655,983.69
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others $ --
4. Taxes
a. Federal Income Taxes $ --
b. FICA Withholdings $ --
c. Employee's withholdings $ --
d. Employer's FICA $ --
e. Federal Unemployment Taxes $ --
f. State Income Tax $ --
g. State Employee withholdings $ --
h. All other state taxes
5. Necessary Expenses
a. Rent or mortgage payment(s) $ 114,990.98
b. Utilities $ 20,250.52
c. Insurance (Paid by Parent or Affiliate) $ 480.29
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses
Computer Access (Paid by Parent or Affiliate) $ 8,625.00
Office Supplies $ 1,603.82
Commissions on Equipment Sales (Paid by Parent or Affiliate) $ 80,500.00
Building Maintenance (Paid by Parent or Affiliate) $ 883.32
Building Maintenance $ 2,168.42
---------------
TOTAL DISBURSEMENTS $ 229,502.35
Add: Disbursements made on behalf of Parent or Affiliates $ 90,236.03
Less: Disbursements paid by Parent or Affiliates $ (90,488.61)
---------------
ADJUSTED TOTAL DISBURSEMENTS $ 229,249.77
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 5,426,733.92
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ 150,000.00
---------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 699,391.25
ENDING BALANCE IN BofA-Dallas TX $ 6,055,490.60
ENDING BALANCE IN Cash Receipts Clearing $ (7,866.52)
ENDING BALANCE IN Petty Cash-Corporate $ 403.05
---------------
ENDING BALANCE IN ALL ACCOUNTS $ 6,755,851.28
===============
OPERATING REPORT Page 1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: August 31, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: BofA-Dallas, TX
Account Number: 3751469007
DATE RECEIVED DESCRIPTION AMOUNT
- ------------------------- ------------------------------ --------------
Receipts from Operations:
08/01/01 ITC $ 225.00
08/07/01 Octet Brazil $ 124.00
08/15/01 Locus Telecommunications, Inc. $ 419,366.11
08/17/01 Dancris $ 115,000.00
08/29/01 Global $ 55,268.02
08/31/01 McLeod $ 2,208.89
--------------
$ 592,192.02
Receipts from Operations (Received on behalf of World Access Telecommunications Group):
08/31/01 McLeod (For Comm/Net) $ 4,972,584.49
08/31/01 McLeod (For Primetec) $ 91,207.18
--------------
$ 5,063,791.67
--------------
$ 5,655,983.69
==============
OPERATING REPORT Page 2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending August 31, 2001
DEPOSITED IN PARENT'S OR AFFILIATE'S BANK ACCOUNT
(TO BE TRANSFERRED TO DEBTOR'S ACCOUNT)
WHERE
DATE RECEIVED DEPOSITED DESCRIPTION AMOUNT
- ------------- --------- ---------------------------------------- -------------
08/02/01 WAXS Soledan OY (FCI Finland Sale Proceeds) $ 299,980.00
08/28/01 WAXS American Tower (LA Switch Site Proceeds) $ 947,340.00
-------------
$1,247,320.00
=============
Parent and Affiliate Abbreviations:
WAXS World Access, Inc.
WATP WA Telecom Products Co., Inc.
WxC WorldxChange Communications, Inc.
WATG World Access Telecommunications Group, Inc.
OPERATING REPORT Page 3
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
DISBURSEMENT LISTING
For the Month Ending: August 31, 2001
Bank: Bank of America
Location: Atlanta, GA
Account Name:
Account Number: 3299979536
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
- -------------- ------------ ----------- ------
08/02/01 0000001356 TMR, INC 40,174.00
08/02/01 0000001357 NEW WORLD TOWER 10,412.61
08/02/01 0000001358 QUINBY BUILDING 10,087.82
08/02/01 0000001359 111 EIGHTH AVEN 27,485.59
08/02/01 0000001360 DESCALSO HOWARD 8,585.00
08/02/01 0000001361 ONE WILSHIRE ARCADE 7,613.66
08/02/01 0000001362 HATFIELD PHILIP 10,017.16
08/02/01 0000001363 WATERTON PRINTE 12,784.41
08/03/01 0000001364 CITY TREASURER 3,190.70
08/08/01 0000001365 PALACIOS JANITOR 200.00
08/08/01 0000001366 GREATER SD AIR 114.50
08/09/01 0000001367 BELLSOUTH 733.31
08/09/01 0000001368 VERIZON 240.64
08/09/01 0000001369 PACIFIC BELL 292.38
08/09/01 0000001370 PACIFIC BELL 4.39
08/09/01 0000001371 VERIZON 176.44
08/09/01 0000001372 VOID --
08/09/01 0000001373 WATERTON PRINTE 455.44
08/09/01 0000001374 NEXTEL 2,937.52
08/09/01 0000001375 CITY TREASURER 584.35
08/16/01 0000001376 BELLSOUTH 137.95
08/16/01 0000001377 VERIZON 34.78
08/16/01 0000001378 AIRBORNE EXPRES 26.00
08/16/01 0000001379 PALACIOS JANITOR 100.00
08/20/01 0000001380 VOID --
08/20/01 0000001381 ONE WILSHIRE ARCADE 76,996.18
08/20/01 0000001382 OFFICE DEPOT 1,069.63
08/21/01 0000001383 ROBERT HOLLOWAY 508.19
08/21/01 0000001384 WASTE MANAGEMEN 364.78
08/22/01 0000001385 PALACIOS JANITOR 100.00
08/23/01 0000001386 AMERITECH 147.36
08/23/01 0000001387 AMERITECH 21.58
08/23/01 0000001388 AMERITECH 21.58
08/23/01 0000001389 PACIFIC BELL 74.53
08/23/01 0000001390 111 EIGHTH AVEN 520.13
08/23/01 0000001391 WASTE MANAGEMEN 729.56
08/23/01 0000001392 VOID --
08/23/01 0000001393 BELLSOUTH 136.39
08/27/01 0000001394 BDW LOCK SPECIA 459.58
08/29/01 0000001395 PALACIOS JANITOR 100.00
08/31/01 0000001396 BELLSOUTH 705.83
08/31/01 0000001397 VERIZON 228.72
08/31/01 0000001398 PACIFIC BELL 51.88
08/31/01 0000001399 NEW WORLD TOWER 95.01
08/31/01 0000001400 CITY TREASURER 1,802.83
08/31/01 0000001401 SAN DIEGO GAS & ELECTRIC 8,072.18
08/31/01 0000001402 NEXTEL 655.18
-----------
Total $229,249.77
Less Disbursements made on behalf of Parent or Affiliate $(90,236.03)
-----------
$139,013.74
===========
OPERATING REPORT Page 4
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: August 31, 2001
STATEMENT OF INVENTORY
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
--------
Ending inventory $ --
========
PAYROLL INFORMATION STATEMENT
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
- ----------------------- -------------- --------------- ------------------- -------------------
TMR, Inc 8/1/2001 $40,174.00 0 $ --
New World Tower Partners 8/1/2001 $12,651.40 0 $ --
Quinby Building Inc 8/1/2001 $10,087.82 0 $ --
111 Eight Ave, LLC 8/1/2001 $42,485.59 0 $ --
Descalso Howard 8/1/2001 $ 8,585.00 0 $ --
One Wilshire Arcade 8/1/2001 $ 7,938.44 0 $ --
Hatfield Philips 8/1/2001 $ 5,371.63 0 $ --
OPERATING REPORT Page 5
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: August 31, 2001
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY TOTAL
--------------- ------------- ---------------
Beginning of month balance $106,811,492.39 $7,051,603.60 $113,863,095.99
Add: sales on account $ 64,261.64 $ -- $ 64,261.64
Less: customer credits $ (71,739.16) $ -- $ (71,739.16)
Add: intercompany activity $ -- $1,187,556.03 $ 1,187,556.03
Less: collections $ (592,192.02) $ -- $ (592,192.02)
Less: offsets $ -- $ -- $ --
Less: application of customer deposits $ -- $ -- $ --
--------------- ------------- ---------------
End of month balance $106,211,822.85 $8,239,159.63 $114,450,982.48
=============== ============= ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- ---------- ----------- ------------- --------------- ------------------
$16,494.15 $202,988.42 $4,431,370.56 $101,560,969.72 $106,211,822.85
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
------------- ------------- --------------
Beginning of month balance $5,499,931.78 $4,259,831.20 $ 9,759,762.98
Add: sales on account** $ 229,502.35 $ -- $ 229,502.35
Add: intercompany activity $ --
Expenses paid directly by Parent or Affiliate $ (90,488.61) $ 90,488.61 $ --
Net cash advanced by Parent or Affiliate $ -- $ -- $ --
Credit extended by Parent or Affiliate $ -- $ -- $ --
Amounts collected on behalf of Affiliate $ -- $5,063,791.67 $ 5,063,791.67
Less: payments $ (139,013.74) $ -- $ (139,013.74)
------------- ------------- --------------
End of month balance $5,499,931.78 $9,414,111.48 $14,914,043.26
============= ============= ==============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ -- $ -- $651,128.20 $4,848,803.58 $5,499,931.78
** The post-petition accounts payable balances accrued for above are subject to
customary audit and review, which could result in changes to the balances
recorded. If upon such audit and review amounts invoiced by vendors are
disputed, such disputed amounts are not reflected in the accounts payable
balances reflected above. As of August 31, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,244,028.
OPERATING REPORT Page 6
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For The Month Ending: August 31, 2001
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes incurred
after the filing of their Chapter 11 petition on an as due basis. Please
indicate whether the following post petition taxes or withholdings have been
paid currently.
1. Federal income taxes Yes [X] No [ ]
2. FICA withholdings Yes [X] No [ ]
3. Employee's withholdings Yes [X] No [ ]
4. Employer's FICA Yes [X] No [ ]
5. Federal unemployment taxes Yes [X] No [ ]
6. State income tax Yes [X] No [ ]
7. State employee withholdings Yes [X] No [ ]
8. All other state taxes See Note Below
If any of the above have not been paid, state below the tax not paid, the
amounts past due and the date of the last payment.
Note to Item 8:
The Debtor may have personal property subject to tax in various jurisdictions
throughout the United States. No expense has been accrued or paid for any such
potential post-petition claims.
OPERATING REPORT Page 7
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
DECLARATION UNDER PENALTY OF PERJURY
I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in
Possession declare under penalty of perjury under the laws of the United States
that I have read and I certify that the figures, statements, disbursement
itemizations, and account balances as listed in this Monthly Report of the
Debtor are true and correct as of the date of this report to the best of my
knowledge, information and belief.
/s/ Henry C. Lyon
-------------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
OPERATING REPORT Page 8
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: September 30, 2001
BEGINNING BALANCE IN ALL ACCOUNTS $ 6,755,851.28
Add: Checks voided during period $ 141,013.66
--------------
Adjusted Beginning Balance in All Accounts $ 6,896,864.94
RECEIPTS:
1. Receipts from Operations $ 130,943.44
Receipts from Operations (Received on behalf of Affiliate) $ 27,972.79
2. Other Receipts $ 157,098.61
--------------
TOTAL RECEIPTS $ 316,014.84
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others $ --
4. Taxes
a. Federal Income Taxes $ --
b. FICA Withholdings $ --
c. Employee's withholdings $ --
d. Employer's FICA $ --
e. Federal Unemployment Taxes $ --
f. State Income Tax $ --
g. State Employee withholdings $ --
h. All other state taxes
5. Necessary Expenses
a. Rent or mortgage payment(s) $ 133,285.55
b. Utilities $ 49,429.45
c. Insurance (Paid by Parent or Affiliate) $ --
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses
Computer Access (Paid by Parent or Affiliate) $ 8,625.00
Office Supplies $ 565.56
Employee Expenses (Paid by Parent or Affiliate) $ 2,428.64
Building Maintenance $ 2,226.37
--------------
TOTAL DISBURSEMENTS $ 196,560.57
Add: Disbursements made on behalf of Parent or Affiliates $ 12,152.20
Less: Disbursements paid by Parent/Affiliate $ (11,053.64)
--------------
ADJUSTED DISBURSEMENTS $ 197,659.13
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 118,355.71
NET INTERCOMPANY SWEEP TRANSFERS - WATG $(5,063,791.67)
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ 1,247,320.00
--------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 2,072,854.56
ENDING BALANCE IN BofA-Dallas TX $ 1,124,924.99
ENDING BALANCE IN Cash Receipts Clearing $ (7,866.52)
ENDING BALANCE IN Petty Cash-Corporate $ 403.05
--------------
ENDING BALANCE IN ALL ACCOUNTS $ 3,198,748.98
==============
OPERATING REPORT Page 1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: September 30, 2001
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
09/20/01 Rapid Link $ 22,725.37
09/20/01 Interactive Media $ 755.91
------------
$ 23,481.28
Other Receipts:
09/20/01 Sale of FCI Belgium - Scarlett Telecommunications $ 150,000.00
09/20/01 Commonwealth Edison Refund $ 4,396.30
09/20/01 Commonwealth Edison Refund $ 2,702.31
------------
$ 157,098.61
------------
$ 180,579.89
============
OPERATING REPORT Page 2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: September 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: BofA-Dallas, TX
Account Number: 3751469007
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
09/06/01 Telstar $ 100,000.00
09/10/01 NTS Communications $ 35,434.95
------------
$ 135,434.95
Less: Receipts received on behalf of World Access Telecommunications Group, Inc. (27,972.79)
------------
$ 107,462.16
============
OPERATING REPORT Page 3
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
DISBURSEMENT LISTING
For the Month Ending: September 30, 2001
Bank: Bank of America
Location: Atlanta, GA
Account Name:
Account Number: 3299979536
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
09/04/01 0000001403 GREATER SD AIR 68.00
09/05/01 0000001404 PALACIOS JANITOR 250.00
09/07/01 0000001405 TMR, INC. 40,174.00
09/07/01 0000001406 NEW WORLD TOWER 13,618.01
09/07/01 0000001407 VOID --
09/07/01 0000001408 111 EIGHTH AVEN 36,866.34
09/07/01 0000001409 CITY TREASURER 436.94
09/07/01 0000001410 NEXTEL 670.37
09/07/01 0000001411 DESCALSO HOWARD 8,585.00
09/07/01 0000001412 ONE WILSHIRE ARCADE 24,025.04
09/07/01 0000001413 HATFIELD PHILIP 10,017.16
09/07/01 0000001414 WATERTON PRINTE 12,152.20
09/10/01 0000001415 PACIFIC GAS & E 42,088.61
09/13/01 0000001416 VOID --
09/13/01 0000001417 VOID --
09/13/01 0000001418 AMERITECH 17.98
09/13/01 0000001419 BELLSOUTH 2,050.93
09/13/01 0000001420 PACIFIC BELL 50.72
09/13/01 0000001421 AT&T 20.85
09/13/01 0000001422 AMERICAN BLDG M 450.50
09/13/01 0000001423 GRINNELL FIRE P 310.00
09/13/01 0000001424 WASTE MANAGEMEN 158.85
09/13/01 0000001425 BELLSOUTH 719.60
09/13/01 0000001426 VERIZON 177.17
09/14/01 0000001427 PALACIOS JANITOR 100.00
09/17/01 0000001428 WASTE MANAGEMENT 364.02
09/17/01 Wire Transfer to WATG for receipts on WATG's behalf 5,063,791.67
09/21/01 0000001429 VERIZON 33.27
09/21/01 0000001430 NEXTEL 951.73
09/21/01 0000001431 OFFICE DEPOT 534.82
09/21/01 0000001432 PALACIOS JANITOR 100.00
09/26/01 0000001433 PALACIOS JANITOR 100.00
09/28/01 0000001434 BELLSOUTH 2,104.29
09/28/01 0000001435 PACIFIC BELL 52.03
09/28/01 0000001436 CITY TREASURER 54.96
09/28/01 0000001437 UNITED PARCEL S 30.74
09/28/01 0000001438 JANI-KING SAN 325.00
------------
Total $ 5,261,450.80
Less Disbursements made on behalf of Parent or Affiliate $ (12,152.20)
--------------
$ 5,249,298.60
==============
OPERATING REPORT Page 4
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: September 30, 2001
STATEMENT OF INVENTORY
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
-------------
Ending inventory $ --
=============
PAYROLL INFORMATION STATEMENT
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
----------------------- -------------- ---------------- -------------------- -------------------
TMR, Inc 9/1/2001 $ 40,174.00 0 $ --
New World Tower Partners 9/1/2001 $ 12,651.40 0 $ --
Quinby Building Inc 9/1/2001 $ 10,087.82 1 $ 10,087.82
111 Eight Ave, LLC 9/1/2001 $ 42,485.59 0 $ --
Descalso Howard 9/1/2001 $ 8,585.00 0 $ --
One Wilshire Arcade 9/1/2001 $ 7,938.44 0 $ --
Hatfield Philips 9/1/2001 $ 5,371.63 0 $ --
OPERATING REPORT Page 5
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: September 30, 2001
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY TOTAL
--------------- --------------- ---------------
Beginning of month balance $106,211,822.85 $ 8,239,159.63 $114,450,982.48
Add: sales on account $ -- $ -- $ --
Add: customer credits $ -- $ -- $ --
Add: intercompany activity $ -- $ (1,235,167.80) $ (1,235,167.80)
Less: collections $ (130,943.44) $ -- $ (130,943.44)
Less: offsets $ -- $ -- $ --
Less: application of customer deposits $ -- $ -- $ --
--------------- --------------- ---------------
End of month balance $106,080,879.41 $ 7,003,991.83 $113,084,871.24
=============== =============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- ------------ ------------------
$ -- $ 16,494.15 $ 202,988.42 $ 105,861,396.84 $ 106,080,879.41
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
--------------- --------------- --------------
Beginning of month balance $ 5,499,931.78 $ 9,414,111.48 $14,914,043.26
Add: sales on account** $ 206,648.39 $ -- $ 206,648.39
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (11,053.64) $ 11,053.64 $ --
Net cash advanced by Parent or Affiliate $ -- $ -- $ --
Credit extended by Parent or Affiliate $ -- $ -- $ --
Amounts collected on behalf of Affiliate $ -- $(5,035,818.88) $(5,035,818.88)
Less: payments $ (185,506.93) $ -- $ (185,506.93)
-------------- -------------- --------------
End of month balance $ 5,510,019.60 $ 4,389,346.24 $ 9,899,365.84
============== ============== ==============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- ------------ ------------------
$ 10,087.82 $ -- $ -- $ 5,499,931.78 $ 5,510,019.60
** The post-petition accounts payable balances accrued for above are subject to
customary audit and review, which could result in changes to the balances
recorded. If upon such audit and review amounts invoiced by vendors are
disputed, such disputed amounts are not reflected in the accounts payable
balances reflected above. As of September 30, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,481,672.
OPERATING REPORT Page 6
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For The Month Ending: September 30, 2001
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes incurred
after the filing of their Chapter 11 petition on an as due basis. Please
indicate whether the following post petition taxes or withholdings have been
paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes See Note Below
If any of the above have not been paid, state below the tax not paid, the
amounts past due and the date of the last payment.
Note to Item 8:
The Debtor may have personal property subject to tax in various jurisdictions
throughout the United States. No expense has been accrued or paid for any such
potential post-petition claims.
OPERATING REPORT Page 7
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
DECLARATION UNDER PENALTY OF PERJURY
I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in
Possession declare under penalty of perjury under the laws of the United States
that I have read and I certify that the figures, statements, disbursement
itemizations, and account balances as listed in this Monthly Report of the
Debtor are true and correct as of the date of this report to the best of my
knowledge, information and belief.
/s/ Henry C. Lyon
-------------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
OPERATING REPORT Page 8
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: October 31, 2001
BEGINNING BALANCE IN ALL ACCOUNTS $3,198,748.98
RECEIPTS:
1. Receipts from Operations $ 216,511.82
2. Other Receipts $ 112,060.26
Other Receipts (Received by Parent or Affiliate) $ 315,900.00
-------------
TOTAL RECEIPTS $ 644,472.08
Less: Receipts received by Parent or Affiliate $ (315,900.00)
-------------
ADJUSTED RECEIPTS $ 328,572.08
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others $ --
4. Taxes
a. Federal Income Taxes $ --
b. FICA Withholdings $ --
c. Employee's withholdings $ --
d. Employer's FICA $ --
e. Federal Unemployment Taxes $ --
f. State Income Tax $ --
g. State Employee withholdings $ --
h. All other state taxes
5. Necessary Expenses
a. Rent or mortgage payment(s) $ 68,894.76
Rent or mortgage payment(s) (Paid by Parent or Affiliate) $ 16,945.48
b. Utilities $ 12,224.80
c. Insurance $ --
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses
Office Supplies $ 73.00
Employee Expenses $ 1,062.53
Commissions on Equipment Sales (Paid by Parent or Affiliate) $ 11,200.00
Moving Expenses $ 3,198.00
Building Maintenance $ 1,458.22
-------------
TOTAL DISBURSEMENTS $ 115,056.79
Less: Disbursements paid by Parent/Affiliate $ (28,145.48)
Add: Disbursements made on behalf of Affiliate $ 12,784.41
-------------
ADJUSTED DISBURSEMENTS $ 99,695.72
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 228,876.36
NET INTERCOMPANY SWEEP TRANSFERS - WATG $ (27,972.79)
-------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $2,086,670.66
ENDING BALANCE IN BofA-Dallas TX $1,312,012.46
ENDING BALANCE IN Cash Receipts Clearing $ (7,866.52)
ENDING BALANCE IN Petty Cash-Corporate $ 403.05
-------------
ENDING BALANCE IN ALL ACCOUNTS $3,399,652.55
=============
OPERATING REPORT Page 1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: October 31, 2001
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Other Receipts:
10/12/01 Sale of Cherry (Resurgens) DSC Switch - Somera $ 37,000.00
10/12/01 Sale of Equipment in Miami - Telecom Recyclers $ 25,000.00
10/15/01 Sale of FCI TDAX Equipment in Miami - Telpro $ 37,500.00
10/23/01 Sale of FCI TDAX Equipment in Miami - Telpro $ 12,500.00
-----------
$112,000.00
===========
Receipts from Operations:
10/23/2001 Interactive Media 755.91
10/23/2001 Interactive Media 755.91
-----------
$ 1,511.82
===========
OPERATING REPORT Page 2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: October 31, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: BofA-Dallas, TX
Account Number: 3751469007
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
10/01/01 BTI $ 70,000.00
10/02/01 Telstar $100,000.00
10/04/01 Interactive Media $ 30,000.00
10/31/01 Unilink $ 15,000.00
-----------
$215,000.00
===========
Other Receipts:
10/2/2001 Verizon Refund $ 10.26
10/31/2001 Gary Morton - Furniture Sale $ 50.00
-----------
$ 60.26
===========
OPERATING REPORT Page 3
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
DISBURSEMENT LISTING
For the Month Ending: October 31, 2001
Bank: Bank of America
Location: Atlanta, GA
Account Name:
Account Number: 3299979536
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
- -------------- ------------ ----------- ------
10/03/01 0000001439 PALACIOS JANITOR 100.00
10/04/01 0000001440 AT&T 12.00
10/04/01 0000001441 QWEST 2,028.48
10/04/01 0000001442 TMR, INC 40,174.00
10/04/01 0000001443 EIGHTH AVENUE 14,955.03
10/04/01 0000001444 CITY TREASURER 445.56
10/04/01 0000001445 NEXTEL 598.24
10/04/01 0000001446 DESCALSO HOWARD 8,585.00
10/04/01 0000001447 WATERTON PRINTE 12,784.41
10/09/01 0000001448 MINOLTA BUSINES 60.00
10/10/01 0000001449 BELLSOUTH 586.71
10/10/01 0000001450 QWEST 2,053.96
10/10/01 0000001451 AIRBORNE 13.00
10/10/01 0000001452 PALACIOS JANITOR 100.00
10/17/01 0000001453 PALACIOS JANITOR 100.00
10/17/01 0000001454 DANIELLE BOUCHARD 208.00
10/18/01 0000001455 VERIZON 149.47
10/18/01 0000001456 VERIZON 176.72
10/18/01 0000001457 SAN DIEGO GAS & ELECTRIC 4,101.56
10/18/01 0000001458 HATFIELD PHILIP 4,780.73
10/19/01 0000001459 ROBERT HOLLOWAY 498.53
10/22/01 0000001460 QUICKSILVER MOVERS 300.00
10/22/01 0000001461 PALACIOS JANITOR 100.00
10/22/01 0000001462 VOID --
10/22/01 0000001463 DEPARTMENT OF INDUSTRIAL RELATIONS 110.00
10/22/01 0000001464 WASTE MANAGEMEN 364.02
10/23/01 0000001465 QUICKSILVER MOVERS 1,152.00
10/25/01 0000001466 DANIELLE BOUCHARD 212.00
10/25/01 0000001467 ROBERT RAY 750.00
10/29/01 0000001468 BELLSOUTH 2,072.10
10/29/01 0000001469 MISSION ROCK CHURCH 400.00
10/29/01 0000001470 DANIELLE BOUCHARD 144.00
10/30/01 0000001471 LOCK TECH 120.40
10/31/01 0000001472 PALACIOS JANITOR 100.00
10/31/01 0000001473 QUICKSILVER MOVERS 240.00
10/31/01 0000001474 QUICKSILVER MOVERS 163.00
10/31/01 0000001475 WASTE MANAGEMEN 363.80
10/31/01 0000001476 QUICKSILVER MOVERS 241.50
10/31/01 0000001477 QUICKSILVER MOVERS 351.50
-----------
Total $ 99,695.72
Less Disbursements made on behalf of Parent or Affiliate $(12,784.41)
------------
$ 86,911.31
===========
OPERATING REPORT Page 4
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: October 31, 2001
STATEMENT OF INVENTORY
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
------
Ending inventory $ --
======
PAYROLL INFORMATION STATEMENT
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
- ----------------------- -------------- ---------------- -------------------- -------------------
TMR, Inc 9/1/2001 $40,174.00 0 $ --
New World Tower Partners 9/1/2001 $12,651.40 0 $ --
Quinby Building Inc 9/1/2001 $10,087.82 2 $20,175.64
111 Eight Ave, LLC 9/1/2001 $42,485.59 0 $ --
Descalso Howard 9/1/2001 $ 8,585.00 0 $ --
One Wilshire Arcade 9/1/2001 $ 7,938.44 1 $ 7,938.44
Hatfield Philips 9/1/2001 $ 5,371.63 0 $ --
$18,026.26
OPERATING REPORT Page 5
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: October 31, 2001
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY TOTAL
--------------- ------------- ---------------
Beginning of month balance $106,080,879.41 $7,003,991.83 $113,084,871.24
Add: sales on account $ -- $ -- $ --
Add: customer credits $ -- $ -- $ --
Add: intercompany activity $ -- $ 328,684.41 $ 328,684.41
Less: collections $ (521,274.39) $ -- $ (521,274.39)
Less: offsets $ -- $ -- $ --
Less: application of customer deposits $ (385,796.05) $ -- $ (385,796.05)
--------------- ------------- ---------------
End of month balance $105,173,808.97 $7,332,676.24 $112,506,485.21
=============== ============= ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ -- $ -- $16,494.15 $105,157,314.82 $105,173,808.97
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
------------- ------------ -------------
Beginning of month balance $5,510,019.60 $4,389,346.24 $9,899,365.84
Add: sales on account** $ 133,083.05 $ -- $ 133,083.05
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (28,145.48) $ 28,145.48 $ --
Net cash advanced by Parent or Affiliate $ -- $ -- $ --
Credit extended by Parent or Affiliate $ -- $ -- $ --
Amounts collected on behalf of Affiliate $ -- $ (27,972.79) $ (27,972.79)
Less: payments $ (86,911.31) $ -- $ (86,911.31)
------------- ----------- -------------
End of month balance $5,528,045.86 $4,389,518.93 $9,917,564.79
============= ============= =============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- ------------ ------------------
$18,026.26 $10,087.82 $ -- $5,499,931.78 $5,528,045.86
** The post-petition accounts payable balances accrued for above are
subject to customary audit and review, which could result in changes
to the balances recorded. If upon such audit and review amounts
invoiced by vendors are disputed, such disputed amounts are not
reflected in the accounts payable balances reflected above. As of
October 31, the Debtor has been invoiced cumulative post-petition
disputed amounts totalling $2,663,816.
OPERATING REPORT Page 6
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For The Month Ending: October 31, 2001
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
1. Federal income taxes Yes [X] No [ ]
2. FICA withholdings Yes [X] No [ ]
3. Employee's withholdings Yes [X] No [ ]
4. Employer's FICA Yes [X] No [ ]
5. Federal unemployment taxes Yes [X] No [ ]
6. State income tax Yes [X] No [ ]
7. State employee withholdings Yes [X] No [ ]
8. All other state taxes See Note Below
If any of the above have not been paid, state below the tax not paid, the
amounts past due and the date of the last payment.
Note to Item 8:
The Debtor may have personal property subject to tax in various jurisdictions
throughout the United States. No expense has been accrued or paid for any such
potential post-petition claims.
OPERATING REPORT Page 7
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
DECLARATION UNDER PENALTY OF PERJURY
I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in
Possession declare under penalty of perjury under the laws of the United States
that I have read and I certify that the figures, statements, disbursement
itemizations, and account balances as listed in this Monthly Report of the
Debtor are true and correct as of the date of this report to the best of my
knowledge, information and belief.
/s/ Henry C. Lyon
-------------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
OPERATING REPORT Page 8