0000950147-01-501718.txt : 20011010 0000950147-01-501718.hdr.sgml : 20011010 ACCESSION NUMBER: 0000950147-01-501718 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20011001 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20011009 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TESSERACT GROUP INC CENTRAL INDEX KEY: 0000873601 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 411581297 STATE OF INCORPORATION: MN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11111 FILM NUMBER: 1754346 BUSINESS ADDRESS: STREET 1: 4515 E MUIRWOOD DR CITY: PHOENIX STATE: AZ ZIP: 85048 BUSINESS PHONE: 4807062500 MAIL ADDRESS: STREET 1: 3820 E BAY RAOD CITY: PHOENIX STATE: AZ ZIP: 85044 FORMER COMPANY: FORMER CONFORMED NAME: EDUCATION ALTERNATIVES INC/MN DATE OF NAME CHANGE: 19930328 8-K 1 e-7585.txt CURRENT REPORT DATED 10/01/01 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) October 1, 2001 THE TESSERACT GROUP, INC. (Exact name of registrant as specified in its charter) Minnesota 1-11111 41-1581297 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 4111 East Ray Road Phoenix, Arizona 85048 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (480) 940-6300 (Former name or former address, if changed since last report.) ITEM 5. OTHER EVENTS As previously disclosed, The TesseracT Group, Inc. and its wholly owned subsidiary, Sunrise Educational Services, Inc. ("Sunrise") filed for reorganization under Chapter 11 of the United States Bankruptcy Code on October 6, 2000. Monthly Operating Reports for July 2001 as filed with the United States Bankruptcy Court for the District of Arizona for The TesseracT Group, Inc. and Sunrise are attached hereto as Exhibits 99.1 and 99.2. ITEM 7. FINANCIAL STATEMENTS; EXHIBITS. Exhibit No. ----------- 99.1 Monthly Operating Report of The TesseracT Group, Inc. for July 2001. 99.2 Monthly Operating Report of Sunrise for July 2001. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE TESSERACT GROUP, INC. Dated: October 9, 2001 By: /s/ Douglass E. Snell ------------------------------------ Douglass E. Snell Controller EX-99.1 3 ex99-1.txt MONTHLY OPERATING REPORT OF THE TESSERACT GROUP Exhibit 99.1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF ARIZONA In re: ) CASE NO. B-00-10938-ECF-RTB ) THE TESSERACT GROUP, INC. ) BUSINESS AND INDUSTRY ) MONTHLY OPERATING REPORT ) ) MONTH OF JULY ) Debtor(s) ) DATE PETITION FILED: October 6, 2000 ) ) TAX PAYER ID NO. 4101581297 Nature of Debtor's Business: For Profit Educational Services DATE DISCLOSURE STATEMENT: FILED Not Yet Filed TO BE FILED To Be Determined ------------- ---------------- DATE PLAN OF REORGANIZATION: FILED Not Yet Filed TO BE FILED To Be Determined ------------- ---------------- I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOLLOWING MONTHLY OPERATING REPORT AND THE ACCOMPANYING ATTACHMENTS ARE TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE. RESPONSIBLE PARTY: CEO ---------------------------------------- ---------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Michael Lynch ---------------------------------------- ---------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: Controller ---------------------------------------- ---------- ORIGINAL SIGNATURE OF PREPARER TITLE Douglass E. Snell ---------------------------------------- ---------- PRINTED NAME OF PREPARER DATE PERSON TO CONTACT REGARDING THIS REPORT: Douglass E. Snell --------------------------------------- PHONE NUMBER: 480-783-4317 --------------------------------------- ADDRESS: 4515 E. Muirwood Dr. Phoenix, AZ 85048 --------------------------------------- ORIGINAL OF REPORT IS FILED WITH THE COURT, COPY IS FILED WITH U.S. TRUSTEE'S OFFICE THE TESSERACT GROUP, INC. B-00-10938-ECF-RTB MONTH: JULY 2001 RECEIPTS AND DISBURSEMENTS
BANK ACCOUNTS ----------------------------------------------------------------------------------------------- Amounts reported should be NATIONAL GROUP GROUP GROUP TESSERACT GROUP TESSERACT per the debtor's books, DEPOSITORY DEPOSITORY MEDICAL PAYROLL OPERATING CHARTER not per the bank statement #944-010-7759 #022-922-6741 #022-922-6576 #022-922-6576 #022-978-8101 #022-922-6808 ------------- ------------- ------------- ------------- ------------- ------------- ACCOUNT BALANCE - BEGINNING OF MONTH -- 285,393.97 -- -- -- 27,751.68 RECEIPTS STUDENT FEES 847,747.59 183,755.51 CHARTER SCHOOL REVENUE -- ACCOUNTS RECEIVABLE -- INTEREST -- SALE OF ASSETS 2,714,460.25 TRANSFERS IN FROM OTHER ACCOUNTS 3,582,409.28 -- 757,521.38 204,579.99 -- OTHER (ATTACH LIST) TOTAL RECEIPTS 3,562,207.84 3,766,164.79 -- 757,521.38 204,579.99 -- DISBURSEMENTS BUSINESS - ORDINARY OPERATIONS -- 20,410.80 -- 321,404.02 102,290.00 1,090.48 CAPITAL IMPROVEMENTS PRE-PETITION DEBT TRANSFERS TO OTHER DIP ACCOUNTS 3,562,207.84 962,101.37 20,201.44 PAYMENTS MADE FOR SUNRISE EDU 250,276.25 436,117.36 102,289.99 OTHER (VOIDS) REORGANIZATION EXPENSES: ATTORNEY FEES ACCOUNTANT FEES OTHER PROFESSIONAL FEES U.S. TRUSTEE QUARTERLY FEE COURT COSTS TOTAL DISBURSEMENTS 3,562,207.84 1,232,788.42 -- 757,521.38 204,579.99 21,291.92 ------------ ------------- ----------- ------------ ------------ ------------- ACCOUNT BALANCE - END OF MONTH -- 2,818,770.34 -- -- -- 6,459.76 ============ ============= =========== ============ ============ ============= BANK ACCOUNTS ------------------------------------------------------------------------------------- Amounts reported should be CHARTER FIRST FEDERAL CREDITOR PETTY CASH per the debtor's books, EXTRACURRICULAR CREDIT UNION RESERVE EAGAN MINNESOTA not per the bank statement #022-922-7442 #4002-0270-922 #052-980-2118 #1-801-9204-8049 TOTAL ------------- -------------- ------------- ---------------- ---------------- ACCOUNT BALANCE - BEGINNING OF MONTH -- -- 417,195.87 -- 730,341.52 RECEIPTS STUDENT FEES 1,031,503.10 CHARTER SCHOOL REVENUE -- ACCOUNTS RECEIVABLE -- INTEREST 535.14 535.14 SALE OF ASSETS -- 2,714,460.25 TRANSFERS IN FROM OTHER ACCOUNTS 4,544,510.65 OTHER (ATTACH LIST) -- TOTAL RECEIPTS -- -- 535.14 -- 8,291,009.14 DISBURSEMENTS BUSINESS - ORDINARY OPERATIONS 445,195.30 CAPITAL IMPROVEMENTS -- PRE-PETITION DEBT -- TRANSFERS TO OTHER DIP ACCOUNTS -- 4,544,510.65 PAYMENTS MADE FOR SUNRISE EDU 788,683.60 OTHER (VOIDS) -- REORGANIZATION EXPENSES: ATTORNEY FEES -- ACCOUNTANT FEES -- OTHER PROFESSIONAL FEES -- U.S. TRUSTEE QUARTERLY FEE -- COURT COSTS -- TOTAL DISBURSEMENTS -- -- -- -- 5,778,389.55 ------------ ------------- ------------- ------------- ------------- ACCOUNT BALANCE - END OF MONTH -- -- 417,731.01 -- 3,242,961.11 ============ ============= ============= ============= ============= THE FOLLOWING SECTION MUST BE FILLED OUT DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: TOTAL DISBURSEMENTS FROM ABOVE 5,778,389.55 LESS: TRANSFERS OUT TO OTHER DIP ACCOUNTS (4,544,510.65) LESS: PAYMENTS MADE FOR SUNRISE EDUCATIONAL SERVICES, INC. (788,683.60) PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. PAYMENTS FROM ESCROW OR 2-PARTY CHECKS) ---------------- TOTAL DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: 445,195.30 ================
2 THE TESSERACT GROUP (EXCL. SUNRISE) STATEMENT OF OPERATIONS FOR THE MONTH ENDING JULY 31, 2001 Revenue Tuition and Fees Revenue $ -- Charter Revenue -- Transportation Revenue -- Food Revenue -- Refunds/Returns (599.90) Discounts -- ------------ Total Revenue (599.90) ------------ Operational Costs Salaries and Wages 202,912.37 Taxes and Benefits 13,487.67 Classroom Expenses (1,862.00) Food Programs Expense -- Transportation Expenses -- Maintenance Expense 4,770.00 Insurance Expense -- Internet Expense -- Rent Expense -- Security Services Expense -- Personal Property Tax Expense -- Real Property Tax Expense -- Utilities Expense 781.02 ------------ Total Operational Costs 220,089.06 ------------ General & Administrative Costs Advertising, Mktg, Promo Exp -- Audit & Tax Expense -- Bad Debt Expense (5,551.66) Bank Charges/Processing Fees-A 209.01 Computer/Technology Expense -- Consultant Fees Expense -- Investor Relations Expense -- Licenses & Fees Expense -- Office/School Supplies Expense -- Penalties & Late Fees Expense -- Postage and Printing Expense (1,569.46) Pre-Employment Expense -- Telephone Expense (3,059.50) Travel Expense -- Closed School Expense -- Corporate Overhead 291,923.86 Corporate Overhead Allocated to Sunrise (145,962.00) Other Expenses 500.00 ------------ Total General and Administrative Expenses 136,490.25 ------------ Gain/Loss on Sales of Fixed Assets -- Other Income 50,535.14 Interest Expense (83,012.58) ------------ Net Interest and Other Income (Expense) (32,477.44) ------------ Depreciation Expense -- ------------ Total Depreciation and Amortization -- ------------ Reorganization Expenses Professional Fees 164,823.84 Professional Fees Allocated to Sunrise (82,412.00) ------------ Total Reorganization Expenses 82,411.84 ------------ Net Income $(472,068.49) ============ 3 THE TESSERACT GROUP (EXCL. SUNRISE) BALANCE SHEET JULY 31, 2001 ASSETS Current Assets Cash and Cash Equivalents $ 3,101,888.69 Accounts Receivable, net 1,841.67 Note Receivable from Nobel -- Prepaid Rent -- Other Prepaid Expenses -- -------------- Total Current Assets 3,103,730.36 Investment in Sunrise 18,971,824.26 Property and Equipment, net -- Deposits and Other Assets 1,512,992.80 -------------- Total Assets $23,588,547.42 ============== LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts Payable $ 26,495.28 Accrued Payroll and Benefits 1,113,806.61 Accrued Payroll Taxes 5,347.57 Deferred Revenue and Tuition Deposits 885,140.74 -------------- Total Current Liabilities 2,030,790.20 -------------- Pre-Petition Liabilities Line of Credit 5,848,822.65 Accounts Payable 3,989,797.38 Other Unsecured Notes Payable 865,500.00 Other Current Liabilities 4,442,953.42 Long-Term Debt 1,700,096.55 -------------- Total Pre-Petition Liabilities 16,847,170.00 -------------- Due to Sunrise 3,659,782.59 Reserve for Closed Schools 504,099.10 Other Long-Term Obligations 13,999.76 -------------- Total Long-Term Liabilities 4,177,881.45 -------------- Total Liabilities 23,055,841.65 -------------- Shareholders' Equity Pre-Petition Shareholders' Equity 5,335,571.08 Post Petition Retained Deficit (4,802,865.31) -------------- Total Shareholders' Equity 532,705.77 -------------- Total Liabilities and Shareholders' Equity $23,588,547.42 ============== 4 CASE NUMBER: B-00-10938-ECF-RTB STATUS OF ASSETS 0-30 31-60 60+ ACCOUNTS RECEIVABLE TOTAL DAYS DAYS DAYS ------------------- ----- ---- ---- ---- TOTAL ACCOUNTS RECEIVABLE 1,842 1,842 -- -- LESS: AMOUNT CONSIDERED UNCOLLECTIBLE -- -- ACCOUNTS RECEIVABLE (NET) 1,842 1,842 -- -- SCHEDULED CURRENT FIXED ASSETS AMOUNT ADDITIONS DELETIONS AMOUNT ------------ --------- --------- --------- ------ REAL PROPERTY 1,867,408 1,867,408 (0) BUILDING IMPROVEMENTS/PLANT 846,395 16,066 862,461 (0) ACCUMULATED DEPRECIATION (136,823) (33,112) (169,935) 0 NET BUILDINGS/PLANT 709,573 (17,047) 692,526 (0) EQUIPMENT 5,466,149 11,637 5,477,786 (0) ACCUMULATED DEPRECIATION (2,404,930) (533,426) (2,938,357) 0 NET EQUIPMENT 3,061,218 (521,789) 2,539,429 (0) AUTOS & VEHICLES 557,586 557,586 -- ACCUMULATED DEPRECIATION (259,791) (65,272) (325,063) 0 NET AUTOS & VEHICLES 297,795 (65,272) 232,523 0 NOTE: Reduction in assets due to sale of Private and Charter School assets. 5 CASE NUMBER: B-00-10938-ECF-RTB STATUS OF LIABILITIES AND SENSITIVE PAYMENTS POSTPETITION UNPAID OBLIGATIONS TOTAL 0-30 31-60 61-90 91+ ------------------ --------- --------- ----- ----- ------ ACCOUNTS PAYABLE 26,495 12,561 -- -- 13,935 TAXES PAYABLE 5,348 5,348 ACCRUED SALARIES AND BENEFITS 1,113,807 1,113,807 PREPAID TUITION AND DEPOSITS 885,141 885,141 SECURED DEBT OTHER (ATTACH LIST) --------- --------- ----- ----- ------ TOTAL POST-PETITION LIABILITIES 2,030,790 2,016,856 -- -- 13,935 ========= ========= ===== ===== ====== PAYMENTS TO INSIDERS AND PROFESSIONALS INSIDERS AMOUNT PD TOTAL PD NAME REASON FOR PAYMENT THIS MONTH TO DATE ---- ------------------ ---------- ---------- Lucian Spataro Wages and Exp. Reimbursement -- 129,134.79 Ernie Recsetar Wages -- 22,000.00 Michael Lynch Wages and Exp. Reimbursement 15,350.13 153,663.48 Gary Lilyquist Wages and Exp. Reimbursement -- 80,239.99 --------- ---------- TOTAL PAYMENTS TO INSIDERS 15,350.13 385,038.26 ========= ========== PROFESSIONALS
DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID ---- ------- -------- ---- ------- -------- Bryan Cave 119,217.32 119,217.32 47,759.54 Engleman & Berger, PC 32,962.77 32,962.77 49,127.11
6 CASE NUMBER: B-00-10938-ECF-RTB CASE STATUS QUESTIONNAIRE YES NO --- -- HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? NO ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? NO ARE ANY WAGE PAYMENTS PAST DUE? NO ARE ANY U.S. TRUSTEE QUARTERLY FEES DELINQUENT? NO CURRENT NUMBER OF EMPLOYEES: 78 INSURANCE CARRIER AND PERIOD EXPIRATION PAYMENT AMOUNT TYPE OF POLICY POLICY NUMBER COVERED DATE & FREQUENCY -------------- ------------- ------- ---- ----------- Gen Liability CLI0020446 3/1/2001 7/31/2001 Paid in full Auto Liability 70APN164181 3/1/2001 7/31/2001 Paid in full Excess Liability UMI0000567 3/1/2001 7/31/2001 Paid in full Workers Comp 307512-4 12/1/2000 11/30/2001 Monthly as a % of PR Blanket Contents 59UUMUN3158 3/1/2001 7/31/2001 Paid in full WHAT STEPS HAVE BEEN TAKEN TO REMEDY ANY OF THE PROBLEMS THAT BROUGHT ABOUT THE CHAPTER 11 FILING? Purchasing of new schools has ceased, and administrative expenses have been reduced. Other restructuring measures are being considered. LIST ANY MATTERS THAT ARE DELAYING THE FILING OF A PLAN OF REORGANIZATION? 7 THE TESSERACT GROUP, INC. CONSOLIDATED CASH FLOW ANALYSIS TOTAL FOR JULY 2001 ------------- BEGINNING FUNDS AVAILABLE: $ 730,341.53 ------------- Cash In: Telecheck $ 183,755.51 Credit Card Deposit (Preschools) 393,938.12 Credit Card Deposit (Private) -- Credit Card Deposit (Charter) -- Regular Deposits (Preschools) 384,625.62 Regular Deposits (Private) 10,136.36 Regular Deposits (Charter) 461.59 Regular Deposits (Corporate) 59,411.80 Other Deposit (Preschool) 2,714,460.25 Interest 535.14 Interest on LTC Acct -- Voids -- ------------- Daily Cash In: $3,747,324.39 ============= Cash Out: Preschool A/P $ 250,276.25 Charter A/P 1,090.48 Private A/P -- Corporate A/P 204,579.99 TesseracT Payroll 229,332.06 Preschool Payroll 436,117.36 Charter Payroll 92,071.96 College PR -- Preschool NSF 825.90 Medical Claims -- Banking Fees 20,410.80 LTC Payment -- LTC Fees -- ------------- Daily Cash Out: $1,234,704.80 ============= Net Cash In/Out: $2,512,619.59 ------------- ENDING FUNDS AVAILABLE: $3,242,961.12 ============= 8 THE TESSERACT GROUP, INC. CASH FLOW ANALYSIS B-00-10938-ECF-RTB BEGINNING FUNDS AVAILABLE: $ 416,961.46 ------------- Cash In: Credit Card Deposit (Private) -- Credit Card Deposit (Charter) -- Regular Deposits (Private) 10,136.36 Regular Deposits (Charter) 461.59 Regular Deposits (Corporate) 59,411.80 Interest 535.14 ------------- Daily Cash In: $ 70,544.89 ============= Cash Out: Charter A/P 1,090.48 Private A/P -- Corporate A/P 204,579.99 Corporate A/P (allocated to Sunrise) (102,290.00) TesseracT Payroll 229,332.06 Charter Payroll 92,071.96 Medical Claims -- Banking Fees 20,410.80 LTC Payment -- Voids -- ------------- Daily Cash Out: $ 445,195.29 ============= Net Cash In/Out: $ (374,650.40) ------------- ENDING FUNDS AVAILABLE: $ 42,311.06 ============= 9 CORPORATE COMPANY VENDOR CHECK REGISTER REPORT PAYABLES MANAGEMENT * Voided Checks
AUDIT CHECK NUMBER VENDOR ID VENDOR CHECK NAME CHECK DATE CHECKBOOK ID TRAIL CODE AMOUNT ------------ --------- ----------------- ---------- ------------ ---------- ------ 200012952 LAKLEA000-B LAKESHORE LEARNING MATERIALS 7/3/2001 OPERATING2 PMCHK00000284 $ 80.39 200012953 SNELDOG000 DOUG SNELL 7/3/2001 OPERATING2 PMCHK00000284 $ 772.93 200012956 CAVBRY000-B BRYAN CAVE LLP 7/6/2001 OPERATING2 PMCHK00000285 $ 40,000.00 200012957 ENGBER000-B ENGELMAN BERGER,P.C. 7/6/2001 OPERATING2 PMCHK00000285 $ 10,000.00 200012958 FEDEXP000-B FEDERAL EXPRESS 7/9/2001 OPERATING2 PMCHK00000286 $ 159.28 200012959 RIVJUD000-B JUDI RIVERA 7/9/2001 OPERATING2 PMCHK00000286 $ 25.88 200012960 SHE000000-B SHEARER,DAN 7/9/2001 OPERATING2 PMCHK00000286 $ 417.86 200012962 WELFAR003-B WELLS FARGO (MN) 7/9/2001 OPERATING2 PMCHK00000286 $ 757.28 200012963 AICRED000-B A.I. CREDIT CORP. 7/10/2001 OPERATING2 PMCHK00000287 $ 11,056.39 200012964 LYN000000-B LYNCH,MICHAEL 7/10/2001 OPERATING2 PMCHK00000288 $ 384.01 200012965 ARC000000-B ARC 7/12/2001 OPERATING2 PMCHK00000289 $ 130.00 200012966 ARICOR000-B ARIZONA CORP COMMISSION 7/16/2001 OPERATING2 PMCHK00000290 $ 45.00 200012967 BONJAM000-B JAMES BONFIGLIO 7/23/2001 OPERATING2 PMCHK00000291 $ 2,643.75 200012968 LYN000000-B LYNCH,MICHAEL 7/23/2001 OPERATING2 PMCHK00000291 $ 2,038.96 200012969 MAN FIN000-B MANULIFE FINANCIAL 7/23/2001 OPERATING2 PMCHK00000291 $ 1,634.96 200012970 ACMLOC000-B ACME LOCKSMITH CO 7/25/2001 OPERATING2 PMCHK00000292 $ 55.00 200012971 ARC000000-B ARC 7/25/2001 OPERATING2 PMCHK00000292 $ 465.03 200012972 FEDEXP000-B FEDERAL EXPRESS 7/25/2001 OPERATING2 PMCHK00000292 $ 68.28 200012973 FEDEXP000-B FEDERAL EXPRESS 7/25/2001 OPERATING2 PMCHK00000292 $ 119.76 200012974 HORDIS000-B HORIZON DISTRIBUTION 7/25/2001 OPERATING2 PMCHK00000292 $ 67.91 200012975 MOOBRI000-B MOORE, BRIAN 7/25/2001 OPERATING2 PMCHK00000292 $ 518.46 200012976 MOOBRI000-B MOORE, BRIAN 7/25/2001 OPERATING2 PMCHK00000292 $ 382.33 200012977 QUABEN000-B QUALIFIED BENEFITS 7/25/2001 OPERATING2 PMCHK00000292 $ 900.00 200012978 QUABEN000-B QUALIFIED BENEFITS 7/25/2001 OPERATING2 PMCHK00000292 $ 120.00 200012979 SHE000000-B SHEARER,DAN 7/25/2001 OPERATING2 PMCHK00000292 $ 292.74 200012980 SHUAHW000-B SHRGARD OF AHWATUKEE 7/25/2001 OPERATING2 PMCHK00000292 $ 296.91 200012981 AICRED000-B A.I. CREDIT CORP. 7/25/2001 OPERATING2 PMCHK00000293 $ 10,529.51 200012982 MAN FIN000-B MANULIFE FINANCIAL 7/25/2001 OPERATING2 PMCHK00000293 $ 1,825.34 200012983 CAVBRY000-B BRYAN CAVE LLP 7/27/2001 OPERATING2 PMCHK00000294 $ 79,217.32 200012984 ENGBER000-B ENGELMAN BERGER,P.C. 7/27/2001 OPERATING2 PMCHK00000294 $ 22,962.77 200012985 AICRED000-B A.I. CREDIT CORP. 7/31/2001 OPERATING2 PMCHK00000295 $ 10,529.51 200012986 GECAP0003-B GE CAPITAL 7/31/2001 OPERATING2 PMCHK00000295 $ 578.49 200012987 USTRUS000-B US TRUSTEE PROGRAM PMT CTR 7/31/2001 OPERATING2 PMCHK00000295 $ 5,000.00 200012988 ARC000000-B ARC 7/31/2001 OPERATING2 PMCHK00000296 $ 483.94 200012989 ARICOR000-B ARIZONA CORP COMMISSION 7/31/2001 OPERATING2 PMCHK00000297 $ 20.00 ----------- Total Checks: 35 Total Amount of Checks: $204,579.99 ===========
10 OWNED CHARTERS VENDOR CHECK REGISTER REPORT PAYABLES MANAGEMENT * Voided Checks
AUDIT CHECK NUMBER VENDOR ID VENDOR CHECK NAME CHECK DATE CHECKBOOK ID TRAIL CODE AMOUNT ------------ --------- ----------------- ---------- ------------ ---------- ------ 800050523 MANLIF000-B MANULIFE FINNANCIAL 7/9/2001 OPERATING PMCHK00000087 $ 118.06 800050524 SHE000000-B SHEARER,DAN 7/11/2001 OPERATING PMCHK00000088 $ 500.00 800050525 MANLIF000-B MANULIFE FINNANCIAL 7/23/2001 OPERATING PMCHK00000089 $ 472.42 ----------- Total Checks: 3 Total Amount of Checks: $ 1,090.48 ===========
11 EX-99.2 4 ex99-2.txt MONTHLY OPERATING REPORT OF SUNRISE FOR 7/01 Exhibit 99.2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF ARIZONA In re: ) CASE NO. B-00-10939-ECF-RTB ) SUNRISE EDUCATIONAL SERVICES ) BUSINESS AND INDUSTRY ) MONTHLY OPERATING REPORT ) ) MONTH OF JULY ) Debtor(s) ) DATE PETITION FILED: October 6, 2000 ) ) TAX PAYER ID NO. 4101581297 Nature of Debtor's Business: For Profit Educational Services DATE DISCLOSURE STATEMENT: FILED Not Yet Filed TO BE FILED To Be Determined ------------- ---------------- DATE PLAN OF REORGANIZATION: FILED Not Yet Filed TO BE FILED To Be Determined ------------- ---------------- I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOLLOWING MONTHLY OPERATING REPORT AND THE ACCOMPANYING ATTACHMENTS ARE TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE. RESPONSIBLE PARTY: CEO --------------------------------------- ---------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Michael Lynch --------------------------------------- ---------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: Controller --------------------------------------- ---------- ORIGINAL SIGNATURE OF PREPARER TITLE Douglass E. Snell --------------------------------------- ---------- PRINTED NAME OF PREPARER DATE PERSON TO CONTACT REGARDING THIS REPORT: Douglass E. Snell --------------------------------------- PHONE NUMBER: 480-783-4317 --------------------------------------- ADDRESS: 4515 E. Muirwood Dr. Phoenix, AZ 85048 --------------------------------------- ORIGINAL OF REPORT IS FILED WITH THE COURT, COPY IS FILED WITH U.S. TRUSTEE'S OFFICE SUNRISE EDUCATIONAL SERVICES, INC. B-00-10939-ECF-RTB MONTH: JULY 2001 RECEIPTS AND DISBURSEMENTS BANK ACCOUNTS ----------------------------------------- Amounts reported should be SUNRISE SUNRISE PMTS per the debtor's books, OPERATING MADE BY not per the bank statement #052-978-7889 TESSERACT TOTAL ------------- ------------ ----------- ACCOUNT BALANCE - BEGINNING OF MONTH -- -- RECEIPTS STUDENT FEES -- CHARTER SCHOOL REVENUE -- ACCOUNTS RECEIVABLE -- LOANS AND ADVANCES -- SALE OF ASSETS -- TRANSFERS IN FROM OTHER ACCOUNTS 250,276.25 538,407.35 788,683.60 OTHER (ATTACH LIST) -- TOTAL RECEIPTS 250,276.25 538,407.35 788,683.60 DISBURSEMENTS BUSINESS - ORDINARY OPERATIONS 250,276.25 250,276.25 CAPITAL IMPROVEMENTS -- PRE-PETITION DEBT -- TRANSFERS TO OTHER DIP ACCOUNTS -- PAYMENTS MADE FOR SUNRISE EDU 538,407.35 538,407.35 OTHER (ATTACH LIST) -- REORGANIZATION EXPENSES: ATTORNEY FEES -- ACCOUNTANT FEES -- OTHER PROFESSIONAL FEES -- U.S. TRUSTEE QUARTERLY FEE -- COURT COSTS -- TOTAL DISBURSEMENTS 250,276.25 538,407.35 788,683.60 ----------- ----------- ----------- ACCOUNT BALANCE - END OF MONTH -- -- -- =========== =========== =========== THE FOLLOWING SECTION MUST BE FILLED OUT DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: TOTAL DISBURSEMENTS FROM ABOVE 788,683.60 LESS: TRANSFERS OUT TO OTHER DIP ACCOUNTS -- PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES ---------- TOTAL DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: 788,683.60 ========== 2 SUNRISE EDUCATIONAL SERVICES, INC. STATEMENT OF OPERATIONS FOR THE MONTH ENDING JULY 31, 2001 Revenue Tuition and Fees Revenue $ 974,806.62 Government Revenue 100,671.58 Food Revenue 2,629.36 Discounts (146,297.36) Refunds/Returns (1,830.00) ------------- Total Revenue 929,980.20 ------------- Operational Costs Salaries and Wages 550,782.94 Taxes and Benefits 43,792.37 Classroom Expenses 5,599.65 Food Programs Expense 45,974.88 Grants/Fee Expense -- Transportation Expenses 16,867.97 Maintenance Expense 56,587.96 Insurance Expense 11,902.82 Rent Expense (27,967.74) Security Services Expense 3,975.66 Personal Property Tax Expense 14,378.42 Real Property Tax Expense 5,736.65 Utilities Expense 33,569.51 ------------- Total Operational Costs 761,201.09 ------------- General & Administrative Costs Advertising, Mktg, Promo Exp 1,368.83 Bad Debt Expense 7,066.25 Bank Charges/Processing Fees-A 14,106.45 Computer/Technology Expense 56,057.21 Licenses & Fees Expense -- Office/School Supplies Expense 492.46 Penalties and Late Fee Charges -- Postage and Printing Expense 489.58 Pre-Employment Expense 2,398.00 Telephone Expense 18,559.66 Travel Expense 1,681.24 Allocated Corporate Overhead 145,962.00 Other Expenses 3,842.15 ------------- Total General and Administrative Expenses 252,023.83 ------------- Gain (Loss) on Disposal of Assets 2,029,478.21 Interest Expense (91,192.91) Other Income (Expense) -- ------------- Net Interest and Other Income (Expense) 1,938,285.30 ------------- Depreciation Expense 32,406.58 ------------- Total Depreciation and Amortization 32,406.58 ------------- Reorganization Expenses Bankruptcy Fees 8,000.00 Professional Fees Allocated 82,412.00 ------------- Total Reorganization Expenses 90,412.00 ------------- Net Income $1,732,222.00 ============= 3 SUNRISE EDUCATIONAL SERVICES, INC. BALANCE SHEET JULY 31, 2001 ASSETS Current Assets Cash and Cash Equivalents $ -- Accounts Receivable, net 393,322.22 Prepaid Rent -- Other Current Assets 1,785.00 ------------- Total Current Assets 395,107.22 Due From Tesseract 3,659,782.59 Property and Equipment, net 3,512.66 Deposits and Other Assets 51,713.68 ------------- Total Assets $4,110,116.15 ============= LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities -- Accounts Payable $ 78,728.04 Checks in Process of Collection 55,481.92 Payroll and Related Accruals 488,852.44 Deferred Revenue and Tuition Deposits 83,248.21 ------------- Total Current Liabilities 706,310.61 ------------- Pre-Petition Liabilities Accounts Payable 654,255.55 Other Current Liabilities 224,962.46 Long-Term Debt 5,546.62 ------------- Total Pre-Petition Liabilities 884,764.63 ------------- Reserve for Closed Schools 143,661.34 Other Long-Term Obligations 274,439.09 ------------- Total Long-Term Liabilities 418,100.43 ------------- Total Liabilities 2,009,175.67 ------------- Shareholders' Equity Pre-Petition Shareholders' Equity 946,818.59 Post Petition Retained Deficit 1,154,121.89 ------------- Total Shareholders' Equity 2,100,940.48 ------------- Total Liabilities and Shareholders' Equity $4,110,116.15 ============= 4 CASE NUMBER: B-00-10939-ECF-RTB STATUS OF ASSETS 0-30 31-60 60+ ACCOUNTS RECEIVABLE TOTAL DAYS DAYS DAYS ------------------- ----- ---- ---- ---- TOTAL ACCOUNTS RECEIVABLE 393,322 393,322 -- -- LESS: AMOUNT CONSIDERED UNCOLLECTIBLE ACCOUNTS RECEIVABLE (NET) 393,322 393,322 -- -- SCHEDULED CURRENT FIXED ASSETS AMOUNT ADDITIONS DELETIONS AMOUNT ------------ ------ --------- --------- ------ REAL PROPERTY BUILDING IMPROVEMENTS/PLANT 1,020,140 56,214 1,076,355 0 ACCUMULATED DEPRECIATION (413,993) (115,058) (529,051) (0) NET BUILDINGS/PLANT 606,147 (58,844) 547,304 (0) EQUIPMENT 755,300 24,266 776,055 3,512 ACCUMULATED DEPRECIATION (511,115) (130,029) (641,144) (0) NET EQUIPMENT 244,186 (105,763) 134,911 3,512 AUTOS & VEHICLES 953,839 953,839 0 ACCUMULATED DEPRECIATION (625,670) (79,967) (705,637) (0) NET AUTOS & VEHICLES 328,170 (79,967) 248,202 0 5 CASE NUMBER: B-00-10939-ECF-RTB STATUS OF LIABILITIES AND SENSITIVE PAYMENTS POSTPETITION UNPAID OBLIGATIONS TOTAL 0-30 31-60 61-90 91+ ------------------ ----- ---- ----- ----- --- ACCOUNTS PAYABLE 78,728 73,929 229 -- 4,571 TAXES PAYABLE -- -- ACCRUED PAYROLL AND BENEFITS 488,852 488,852 PREPAID TUITION 83,248 83,248 SECURED DEBT -- OUTSTANDING A/P CHECKS 55,482 55,482 OTHER (ATTACH LIST) -- ------- ------- --- --- ----- TOTAL POST-PETITION LIABILITIES 706,311 701,512 229 -- 4,571 ======= ======= === === ===== PAYMENTS TO INSIDERS AND PROFESSIONALS INSIDERS AMOUNT PD TOTAL PD NAME REASON FOR PAYMENT THIS MONTH TO DATE ---- ------------------ ---------- ------- NONE TOTAL PAYMENTS TO INSIDERS -- -- PROFESSIONALS DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID ---- ------- -------- ---- ------- -------- NONE 6 CASE NUMBER: B-00-10939-ECF-RTB CASE STATUS QUESTIONNAIRE YES NO --- -- HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? NO ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? NO ARE ANY WAGE PAYMENTS PAST DUE? NO ARE ANY U.S. TRUSTEE QUARTERLY FEES DELINQUENT? NO CURRENT NUMBER OF EMPLOYEES: 0 INSURANCE CARRIER AND PERIOD EXPIRATION PAYMENT AMOUNT TYPE OF POLICY POLICY NUMBER COVERED DATE & FREQUENCY -------------- ------------- ------- ---- ----------- Gen Liability CLI0020446 3/1/2001 7/31/2001 Paid in full Auto Liability 70APN164181 3/1/2001 7/31/2001 Paid in full Excess Liability UMI0000567 3/1/2001 7/31/2001 Paid in full Workers Comp 307512-4 12/1/2000 11/30/2001 Monthly as a % of PR Blanket Contents 59UUMUN3158 3/1/2001 7/31/2001 Paid in full WHAT STEPS HAVE BEEN TAKEN TO REMEDY ANY OF THE PROBLEMS THAT BROUGHT ABOUT THE CHAPTER 11 FILING? Purchasing of new schools has ceased, and administrative expenses have been reduced. Other restructuring measures are being considered. LIST ANY MATTERS THAT ARE DELAYING THE FILING OF A PLAN OF REORGANIZATION? 7 SUNRISE EDUCATIONAL SERVICES, INC. CASH FLOW ANALYSIS B-00-10939-ECF-RTB BEGINNING FUNDS AVAILABLE: $ 313,380.07 ------------- Cash In: Telecheck $ 183,755.51 Credit Card Deposit (Preschools) 393,938.12 Regular Deposits (Preschools) 384,625.62 Other Deposit (Preschool) 2,714,460.25 ------------- Daily Cash In: $3,676,779.50 ============= Cash Out: Preschool A/P $ 250,276.25 Preschool Payroll 436,117.36 Corporate A/P (allocated) 102,290.00 Preschool NSF 825.90 ------------- Daily Cash Out: $ 789,509.51 ============= Net Cash In/Out: $2,887,269.99 ------------- ENDING FUNDS AVAILABLE: $3,200,650.06 ============= 8 SUNRISE PRESCHOOLS, INC. VENDOR CHECK REGISTER REPORT PAYABLES MANAGEMENT * Voided Checks
CHECK NUMBER VENDOR ID VENDOR CHECK NAME CHECK DATE CHECKBOOK ID AUDIT TRAIL CODE AMOUNT ------------ --------- ----------------- ---------- ------------ ---------------- ------ 100013493 ACTENT000 ACTION ENTRANCE, INC. 7/6/2001 OPERATING PMCHK00000162 $ 187.50 100013494 APS200000 APS-2907 7/6/2001 OPERATING PMCHK00000162 $ 2,075.89 100013495 ARIAIR000 ARIZONA AIR-SCENT 7/6/2001 OPERATING PMCHK00000162 $ 437.25 100013496 ARIEMP000 ARIZONA EMPLOYERS COUNCIL 7/6/2001 OPERATING PMCHK00000162 $ 150.00 100013497 BANONE003 BANK ONE ARIZONA NA 7/6/2001 OPERATING PMCHK00000162 $ 206.32 100013498 BOWTAM000 TAMI BOWEN 7/6/2001 OPERATING PMCHK00000162 $ 96.98 100013499 BRICOM000 BRIXTON COMMERCIAL CLEANING 7/6/2001 OPERATING PMCHK00000162 $ 2,000.00 100013500 CHIRAJ000 RAJANI CHIRRAVORI 7/6/2001 OPERATING PMCHK00000162 $ 72.00 100013501 CITGLN001 CITY OF GLENDALE 7/6/2001 OPERATING PMCHK00000162 $ 240.00 100013502 CREFUN000 CREATIVE FUNDING 7/6/2001 OPERATING PMCHK00000162 $ 348.65 100013503 CROBAN000 CROWN BANK LEASING 7/6/2001 OPERATING PMCHK00000162 $ 509.88 100013504 DAIMAR000 DAILEY, MARGE 7/6/2001 OPERATING PMCHK00000162 $ 41.51 100013505 DYCNAN000 DYCK, NANCY 7/6/2001 OPERATING PMCHK00000162 $ 109.15 100013506 GECAP0003 GE CAPITAL 7/6/2001 OPERATING PMCHK00000162 $ 284.91 100013507 HEAIMC000 HEALTHSOUTH IMC INC 7/6/2001 OPERATING PMCHK00000162 $ 124.00 100013508 HEASAV000 HEART SAVERS 7/6/2001 OPERATING PMCHK00000162 $ 144.00 100013509 IMPBAN000 IMPERIAL BANK 7/6/2001 OPERATING PMCHK00000162 $ 3,750.00 100013510 LAKLEA000-B LAKESHORE LEARNING MATERIALS 7/6/2001 OPERATING PMCHK00000162 $ 1,070.02 100013511 LITPAR Litchfield Parks & Recreation 7/6/2001 OPERATING PMCHK00000162 $ 672.00 100013512 LOVBRO000 BROOKE LOVITCH 7/6/2001 OPERATING PMCHK00000162 $ 44.00 100013513 MARJOE000 JOELY MARTIN 7/6/2001 OPERATING PMCHK00000162 $ 261.64 100013514 MESPAR000 MESA PARKS,RECREATION 7/6/2001 OPERATING PMCHK00000162 $ 65.00 100013515 MITTON000 TONYA MITCHELL 7/6/2001 OPERATING PMCHK00000162 $ 37.12 100013516 NICJUD000 Judy Niccum 7/6/2001 OPERATING PMCHK00000162 $ 220.00 100013517 NOP000000 NOPPENBERG,KAREN 7/6/2001 OPERATING PMCHK00000162 $ 29.50 100013518 PENSAV000 PENNYSAVER 7/6/2001 OPERATING PMCHK00000162 $ 625.00 100013519 PETSTA000 STACEY PETO 7/6/2001 OPERATING PMCHK00000162 $ 22.32 100013520 PITBOW001 PITNEY BOWES-85390 7/6/2001 OPERATING PMCHK00000162 $ 19.00 100013521 Q0MINC000 Q-MATRIX INC 7/6/2001 OPERATING PMCHK00000162 $ 950.18 100013522 RANKAT000 RANDALL, KATHY 7/6/2001 OPERATING PMCHK00000162 $ 369.81 100013523 REDSER000 REDDI SERVICES 7/6/2001 OPERATING PMCHK00000162 $ 91.00 100013524 SANBAR001 SANTA BARBARA BANK & TRUST 7/6/2001 OPERATING PMCHK00000162 $ 1,377.15 100013525 SLAJAC000 JACK SLATE 7/6/2001 OPERATING PMCHK00000162 $ 929.72 100013526 SRP2950 SRP2950 7/6/2001 OPERATING PMCHK00000162 $ 4,634.56 100013527 TOWOF0002 TOWN OF GILBERT - UTILITIES 7/6/2001 OPERATING PMCHK00000162 $ 829.64 100013528 US0WES003 US WEST COMMUNICATIONS-29060 7/6/2001 OPERATING PMCHK00000162 $ 220.06 100013529 VER000000 VERIFONE 7/6/2001 OPERATING PMCHK00000162 $ 78.85 100013530 WELFAR001 WELLS FARGO 7/6/2001 OPERATING PMCHK00000162 $ 1,276.00 100013531 ZIEALY000 ALYSHA ZIEBELL 7/6/2001 OPERATING PMCHK00000162 $ 123.00 100013532 MANLIF000 MANULIFE FINANCIAL 7/9/2001 OPERATING PMCHK00000163 $ 3,140.91 100013533 US0FOO000 US FOODSERVICE 7/9/2001 OPERATING PMCHK00000164 $ 6,913.06 100013534 ACTENT000 ACTION ENTRANCE, INC. 7/10/2001 OPERATING PMCHK00000165 $ 250.00 100013535 ARIAIR000 ARIZONA AIR-SCENT 7/10/2001 OPERATING PMCHK00000165 $ 297.29 100013536 CENLEA000 CENTENNIAL LEASING & SALES INC 7/10/2001 OPERATING PMCHK00000165 $ 408.65 100013537 CITPHOWAT CITY OF PHOENIX (WATER SVCS)29 7/10/2001 OPERATING PMCHK00000165 $ 433.83 100013538 CREFUN000 CREATIVE FUNDING 7/10/2001 OPERATING PMCHK00000165 $ 201.59 100013539 EXTCLE000 EXTRACTION CLEANING COMPANY 7/10/2001 OPERATING PMCHK00000165 $ 1,320.00 100013540 HON00P000 HONEYWELL,INC. - PHX 7/10/2001 OPERATING PMCHK00000165 $ 144.00 100013541 IKOOFF003 IKON OFFICE SOLUTIONS (CA) 7/10/2001 OPERATING PMCHK00000165 $ 215.12 100013542 JAKBRE000 JAKE BREAK CAFE 7/10/2001 OPERATING PMCHK00000165 $ 1,319.90 100013543 LAKLEA000-B LAKESHORE LEARNING MATERIALS 7/10/2001 OPERATING PMCHK00000165 $ 1,049.41 100013544 NOP000000 NOPPENBERG,KAREN 7/10/2001 OPERATING PMCHK00000165 $ 27.09 100013545 OPECLE000 OPEN WORKS 7/10/2001 OPERATING PMCHK00000165 $ 1,170.00 100013546 PANPRO000 PANTANO PRODUCE COMPANY 7/10/2001 OPERATING PMCHK00000165 $ 768.35 100013547 PROUSA000 PROFORCE USA 7/10/2001 OPERATING PMCHK00000165 $ 13,475.50 100013548 SANBAR001 SANTA BARBARA BANK & TRUST 7/10/2001 OPERATING PMCHK00000165 $ 295.65 100013549 TOOLOR000 LORI TOOLEY 7/10/2001 OPERATING PMCHK00000165 $ 47.74 100013550 US0WES003 US WEST COMMUNICATIONS-29060 7/10/2001 OPERATING PMCHK00000165 $ 918.54 100013551 WHEAMY000 AMY WHEELER 7/10/2001 OPERATING PMCHK00000165 $ 21.39 100013553 MAR000000 MARRO,GINNY 7/12/2001 OPERATING PMCHK00000167 $ 106.31 100013554 US0FOO000 US FOODSERVICE 7/12/2001 OPERATING PMCHK00000168 $ 11,561.14 100013555 AMKINC000 AMKORE INC. 7/12/2001 OPERATING PMCHK00000169 $ 8,782.90 100013556 APS200000 APS-2907 7/12/2001 OPERATING PMCHK00000169 $ 2,013.99 100013557 ARIAIR000 ARIZONA AIR-SCENT 7/12/2001 OPERATING PMCHK00000169 $ 321.04 100013558 ARIREP000 ARIZONA REPUBLIC 7/12/2001 OPERATING PMCHK00000169 $ 707.60 100013559 CITGLEUTI CITY OF GLENDALE - UTILITIES 7/12/2001 OPERATING PMCHK00000169 $ 411.56 100013560 CITTEM296 CITY OF TEMPE - 29617 7/12/2001 OPERATING PMCHK00000169 $ 490.78
9 * Voided Checks
CHECK NUMBER VENDOR ID VENDOR CHECK NAME CHECK DATE CHECKBOOK ID AUDIT TRAIL CODE AMOUNT ------------ --------- ----------------- ---------- ------------ ---------------- ------ 100013561 CLS000000 CLS/CLEANWAY 7/12/2001 OPERATING PMCHK00000169 $ 150.00 100013562 CON000000 CONCENTRA 7/12/2001 OPERATING PMCHK00000169 $ 330.00 100013563 DISSCH000 DISCOUNT SCHOOL SUPPLY 7/12/2001 OPERATING PMCHK00000169 $ 501.05 100013564 DOCTEC000 DOCUMENT TECHNOLOGIES 7/12/2001 OPERATING PMCHK00000169 $ 42.73 100013565 HOMDEP000 HOME DEPOT 7/12/2001 OPERATING PMCHK00000169 $ 2,525.00 100013566 IKOOFF003 IKON OFFICE SOLUTIONS (CA) 7/12/2001 OPERATING PMCHK00000169 $ 269.93 100013567 IROMOU000 IRON MOUNTAIN 7/12/2001 OPERATING PMCHK00000169 $ 866.30 100013568 JETCON000 JET CONNECTION 7/12/2001 OPERATING PMCHK00000169 $ 184.00 100013569 KRATER000 TERRILYNN KRAMER 7/12/2001 OPERATING PMCHK00000169 $ 89.39 100013570 LAKLEA000-B LAKESHORE LEARNING MATERIALS 7/12/2001 OPERATING PMCHK00000169 $ 199.76 100013571 LIVDIS000 LIVELY DISTRIBUTING DAIRY 7/12/2001 OPERATING PMCHK00000169 $ 169.00 100013572 MARINF000-B MARKET INFORMATION CENTER 7/12/2001 OPERATING PMCHK00000169 $ 158.75 100013573 MONROX000 MONTANEZ, ROXANN 7/12/2001 OPERATING PMCHK00000169 $ 103.55 100013574 NICJUD000 Judy Niccum 7/12/2001 OPERATING PMCHK00000169 $ 630.00 100013575 PENSAV000 PENNYSAVER 7/12/2001 OPERATING PMCHK00000169 $ 84.28 100013576 Q0MINC000 Q-MATRIX INC 7/12/2001 OPERATING PMCHK00000169 $ 97.98 100013577 SRP2950 SRP2950 7/12/2001 OPERATING PMCHK00000169 $ 3,043.16 100013578 THEHAR000 THE HARTFORD 7/12/2001 OPERATING PMCHK00000169 $ 4,823.77 100013579 THORAE000 THOMAS, RAE ANN 7/12/2001 OPERATING PMCHK00000169 $ 76.88 100013580 US0WES003 US WEST COMMUNICATIONS-29060 7/12/2001 OPERATING PMCHK00000169 $ 1,186.08 100013581 WELFAR001 WELLS FARGO 7/12/2001 OPERATING PMCHK00000169 $ 308.00 100013582 WESINN000 WESTERN INNOVATIONS INC 7/12/2001 OPERATING PMCHK00000169 $ 5,100.00 100013596 STA000000 STAPLES-70225 7/13/2001 OPERATING PMCHK00000171 $ 2,637.45 100013597 LIVDIS000 LIVELY DISTRIBUTING DAIRY 7/19/2001 OPERATING PMCHK00000172 $ 949.10 100013598 MANLIF000 MANULIFE FINANCIAL 7/23/2001 OPERATING PMCHK00000173 $ 3,069.68 100013599 NOPMIK000 MIKE NOPPENBERG 7/24/2001 OPERATING PMCHK00000174 $ 2,398.99 100013600 SHUSTO000 SHURGARD STORAGE 7/24/2001 OPERATING PMCHK00000174 $ 1,443.54 100013601 SLAJAC000 JACK SLATE 7/24/2001 OPERATING PMCHK00000174 $ 1,886.36 100013602 SANBAR001 SANTA BARBARA BANK & TRUST 7/26/2001 OPERATING PMCHK00000175 $ 2,919.71 100013603 US0FOO000 US FOODSERVICE 7/26/2001 OPERATING PMCHK00000176 $ 9,365.61 100013604 PANPRO000 PANTANO PRODUCE COMPANY 7/27/2001 OPERATING PMCHK00000177 $ 2,062.95 100013605 MELUS0000 MELLON US LEASING 7/27/2001 OPERATING PMCHK00000178 $ 56,022.21 100013606 LIVDIS000 LIVELY DISTRIBUTING DAIRY 7/27/2001 OPERATING PMCHK00000179 $ 3,678.52 100013657 ACMLOC000 ACME LOCKSMITH CO 7/30/2001 OPERATING PMCHK00000181 $ 50.39 100013658 APS200000 APS-2907 7/30/2001 OPERATING PMCHK00000181 $ 6,334.62 100013659 ARIAIR000 ARIZONA AIR-SCENT 7/30/2001 OPERATING PMCHK00000181 $ 544.27 100013660 AT&TWIR06 AT&T WIRELESS SERVICES-PHOENIX 7/30/2001 OPERATING PMCHK00000181 $ 2,554.26 100013661 BANOCC000 BANNER OCCUPATIONAL HEALTH 7/30/2001 OPERATING PMCHK00000181 $ 45.00 100013662 BENSHA000 SHANNON BENN 7/30/2001 OPERATING PMCHK00000181 $ 15.00 100013663 BLD7ZEL000 BLDG7UNION HILLS LLC 7/30/2001 OPERATING PMCHK00000181 $ 1,583.10 100013664 CHICAR001 CHILD CARE 2000 7/30/2001 OPERATING PMCHK00000181 $ 35.00 100013665 CITCHAUT1 CITY OF CHANDLER - UTILITIES 7/30/2001 OPERATING PMCHK00000181 $ 225.51 100013666 CITPEOUTI CITY OF PEORIA - UTILITIES 7/30/2001 OPERATING PMCHK00000181 $ 299.23 100013667 CITPHOWAT CITY OF PHOENIX (WATER SVCS)29 7/30/2001 OPERATING PMCHK00000181 $ 515.19 100013668 CLS000000 CLS/CLEANWAY 7/30/2001 OPERATING PMCHK00000181 $ 10,649.41 100013669 COLBET000 BETTY COLWELL 7/30/2001 OPERATING PMCHK00000181 $ 277.00 100013670 COUCHE000 COURTESY CHEVROLET 7/30/2001 OPERATING PMCHK00000181 $ 8,433.47 100013672 CROBAN000 CROWN BANK LEASING 7/30/2001 OPERATING PMCHK00000181 $ 531.64 100013673 DMSCOM000 DMS COMMUNICATIONS 7/30/2001 OPERATING PMCHK00000181 $ 456.21 100013674 FIOMAR000 MARYANN FIORE 7/30/2001 OPERATING PMCHK00000181 $ 112.39 100013675 GARNAN000 NANCY GARCIA 7/30/2001 OPERATING PMCHK00000181 $ 90.00 100013676 GECAP0003 GE CAPITAL 7/30/2001 OPERATING PMCHK00000181 $ 1,273.79 100013677 HUDKRI000 KRISTIN HUDSON 7/30/2001 OPERATING PMCHK00000181 $ 50.00 100013678 JETCON000 JET CONNECTION 7/30/2001 OPERATING PMCHK00000181 $ 195.17 100013679 KNO000000 KNOTT,MARILYN 7/30/2001 OPERATING PMCHK00000181 $ 406.72 100013680 LAKLEA000-B LAKESHORE LEARNING MATERIALS 7/30/2001 OPERATING PMCHK00000181 $ 1,648.56 100013681 MARGLA000 MARC'S GLASS-PHX 7/30/2001 OPERATING PMCHK00000181 $ 1,365.00 100013682 NEWLYN000 LYNNETTE NEWCOMB 7/30/2001 OPERATING PMCHK00000181 $ 114.00 100013683 NYBSHE000 SHELLEY NYBERG 7/30/2001 OPERATING PMCHK00000181 $ 246.00 100013684 PROUSA000 PROFORCE USA 7/30/2001 OPERATING PMCHK00000181 $ 2,491.33 100013685 ROAFIR000 ROADRUNNER FIRE & SAFETY 7/30/2001 OPERATING PMCHK00000181 $ 116.35 100013686 SRP2950 SRP2950 7/30/2001 OPERATING PMCHK00000181 $ 8,020.16 100013687 THORAE000 THOMAS, RAE ANN 7/30/2001 OPERATING PMCHK00000181 $ 29.07 100013688 TOOLOR000 LORI TOOLEY 7/30/2001 OPERATING PMCHK00000181 $ 466.11 100013689 TOSEAS000 TOSHIBA EASY LEASE 7/30/2001 OPERATING PMCHK00000181 $ 957.79 100013690 U0CWIN000 U-C WINDOW CLEANING 7/30/2001 OPERATING PMCHK00000181 $ 1,219.05 100013691 US0WES003 US WEST COMMUNICATIONS-29060 7/30/2001 OPERATING PMCHK00000181 $ 1,706.78 100013692 WELFAR001 WELLS FARGO 7/30/2001 OPERATING PMCHK00000181 $ 308.00 100013693 USTRU000 US TRUSTEE PROGRAM PMT CTR 7/31/2001 OPERATING PMCHK00000182 $ 8,000.00 ----------- Total Checks: 136 Total Amount of Checks: $250,276.25 ===========
10