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 RECIEPTS AND CASH DISBURSEMENTS
For the Month Ending: June 30, 2004
BEGINNING BALANCE IN ALL ACCOUNTS $14,427,677.50
RECEIPTS:
1. Receipts from Operations $ -
2. Other Receipts $ -
--------------
TOTAL RECEIPTS $ -
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 (Paid by Parent or Affiliate)
a. Rent or mortgage payment(s) $ -
b. Utilities $ -
c. Insurance $ -
d. Merchandise bought for manufacture or sell $ -
e. Other necessary expenses
Computer Access/Hosting Services $ 23,025.00
U.S. Trustee Fee $ -
Other $ -
--------------
TOTAL DISBURSEMENTS $ 23,025.00
Less: Disbursements paid by Parent/Affiliate $ (23,025.00)
--------------
ADJUSTED DISBURSEMENTS $ -
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ -
NET INTERCOMPANY SWEEP TRANSFERS - WAXS $ -
--------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $12,850,507.80
ENDING BALANCE IN BofA-Dallas TX $ 1,568,736.80
--------------
ENDING BALANCE IN ALL ACCOUNTS $14,427,677.50
==============
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, 2004
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
-------------
$ -
=============
***There were no collections posted for the month of June 2004
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
For the Month Ending: June 30, 2004
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 Monthly $ 40,174.00 0 $ -
New World Tower Partners Monthly $ 12,651.40 0 $ -
Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64
111 Eight Ave, LLC Monthly $ 42,485.59 0 $ -
Descalso Howard Monthly $ 8,585.00 0 $ -
One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44
Hatfield Philips Monthly $ 5,371.63 0 $ -
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
For the Month Ending: June 30, 2004
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY* INTERCOMPANY TOTAL
---------------- ---------------- ----------------
Beginning of month balance $ 98,181,590.45 $ 5,817,959.31 $ 103,999,549.76
Add: sales on account $ - $ - $ -
Less: customer credits $ - $ - $ -
Less: collections $ - $ - $ -
Less: offsets $ - $ - $ -
Less: application of customer deposits $ - $ - $ -
---------------- ---------------- ----------------
End of month balance $ 98,181,590.45 $ 5,817,959.31 $ 103,999,549.76
================ ================ ================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $98,181,590.45 $ 98,181,590.45
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
-------------- -------------- --------------
Beginning of month balance $ 5,528,060.86 $ 5,292,941.98 $10,821,002.84
Add: sales on account** $ 23,025.00 $ - $ 23,025.00
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (23,025.00) $ 23,025.00 $ -
Net cash advanced by Parent or Affiliate $ - $ - $ -
Credit extended by Parent or Affiliate $ - $ - $ -
Amounts collected on behalf of Affiliate $ - $ - $ -
Less: payments $ - $ - $ -
-------------- -------------- --------------
End of month balance $ 5,528,060.86 $ 5,315,966.98 $10,844,027.84
============== ============== ==============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ - $ - $ - $ 5,528,060.86 $ 5,528,060.86
* Accounts receivable balances represent gross amounts due from former
customers. The vast majority of these balances are either being pursued via
collection litigation or are claims against the former customers' bankruptcy
estates. Thus, it is highly likely that a significant amount of the gross
accounts receivable will not be collected.
** 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 the report date, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,663,816.
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, 2004
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 5
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
DECLARATION UNDER PENALTY OF PERJURY
I, Michael F. Mies, 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.
______________________________________
For the Debtor In Possession
Michael F. Mies
Designated Officer
OPERATING REPORT Page 6