-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Fq05fsWcobSNAAooB3VG6DHQTu4KVrV3A2QrtRv4s+hUcEJ03SHZ1EvccgfFEoe6 1O74N28NgsRsD8hob4+Rqw== 0000950147-00-500283.txt : 20001221 0000950147-00-500283.hdr.sgml : 20001221 ACCESSION NUMBER: 0000950147-00-500283 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20001204 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20001220 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: SEC FILE NUMBER: 001-11111 FILM NUMBER: 792042 BUSINESS ADDRESS: STREET 1: 3820 E BAY RD STREET 2: NO 2 CITY: PHOENIX STATE: AZ ZIP: 85044 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-5922.txt CURRENT REPORT DATED 12/4/2000 SECURITIES AND EXCHANGE COMMISSION Washington, DC 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) December 4, 2000 THE TESSERACT GROUP, INC. -------------------------------------------------- (Exact Name of Registrant as Specified in Charter) Minnesota 1-11111 41-1581297 - ----------------------------- ------------------------ ------------------- (State or Other Jurisdiction) (Commission File Number) (IRS Employer of Incorporation Identification No.) 4515 E. Muirwood Drive 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. Monthly Operating Reports for October 2000 as filed with the United States Bankruptcy Court for the District of Arizona for The TesseracT Group, Inc. and its wholly-owned subsidiary Sunrise Educational Services, Inc. are attached hereto as Exhibits 99.1 and 99.2. ITEM 7. EXHIBITS 99.1 Monthly Operating Report of the Company for October, 2000. 99.2 Monthly Operating Report of Sunrise for October, 2000. 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. Date: December 18, 2000 /s/ Lucian Spataro ---------------------------------------- Lucian Spataro Chief Executive Officer EX-99.1 2 ex99-1.txt MONTHLY OPERATING REPORT - TESSERACT 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 October 6-13, 2000 ) 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: /s/ Lucian P. Spataro CEO - ---------------------------------------- ---------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Lucian P. Spataro 12/4/2000 - ---------------------------------------- ---------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Douglass E. Snell Controller - ---------------------------------------- ---------- ORIGINAL SIGNATURE OF PREPARER TITLE Douglass E. Snell 12/4/2000 - ---------------------------------------- ---------- 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: OCTOBER 6-31 RECEIPTS AND DISBURSEMENTS
BANK ACCOUNTS AMOUNTS REPORTED SHOULD BE ------------------------------------------------------------------------------ PER THE DEBTOR'S BOOKS, NATIONAL GROUP GROUP GROUP TESSERACT GROUP NOT PER THE BANK STATEMENT DEPOSITORY DEPOSITORY MEDICAL PAYROLL OPERATING #944-010-7759 #022-922-6741 #022-922-6576 #022-922-6576 #022-922-6808 ------------- ------------- ------------- ------------- ------------- ACCOUNT BALANCE - BEGINNING OF MONTH (10/6/2000) -- 683,380.51 -- -- -- RECEIPTS STUDENT FEES 1,043,106.54 155,631.83 CHARTER SCHOOL REVENUE ACCOUNTS RECEIVABLE 45,786.40 LOANS AND ADVANCES SALE OF ASSETS TRANSFERS IN FROM OTHER ACCOUNTS 1,085,205.00 27,602.14 1,122,762.49 311,858.93 OTHER (ATTACH LIST) TOTAL RECEIPTS 1,088,892.94 1,240,836.83 27,602.14 1,122,762.49 311,858.93 DISBURSEMENTS BUSINESS - ORDINARY OPERATIONS 3,687.94 27,602.14 647,414.29 162,004.46 CAPITAL IMPROVEMENTS PRE-PETITION DEBT TRANSFERS TO OTHER DIP ACCOUNTS 1,085,205.00 1,462,223.56 PAYMENTS MADE FOR SUNRISE EDU 268,594.76 475,348.20 149,854.47 OTHER (ATTACH LIST) REORGANIZATION EXPENSES: ATTORNEY FEES ACCOUNTANT FEES OTHER PROFESSIONAL FEES U.S. TRUSTEE QUARTERLY FEE COURT COSTS TOTAL DISBURSEMENTS 1,088,892.94 1,730,818.32 27,602.14 1,122,762.49 311,858.93 ACCOUNT BALANCE - END OF MONTH -- 193,399.02 -- -- -- BANK ACCOUNTS AMOUNTS REPORTED SHOULD BE -------------------------------------------------------------------------------- PER THE DEBTOR'S BOOKS, TESSERACT CHARTER FIRST FEDERAL PETTY CASH NOT PER THE BANK STATEMENT CHARTER EXTRACURRICULAR CREDIT UNION EAGAN MINNESOTA ##022-922-6808 #022-922-7442 #4002-0270-922 #1-801-9204-8049 TOTAL -------------- ------------- -------------- ---------------- ------------ ACCOUNT BALANCE - BEGINNING OF MONTH (10/6/2000) 315,104.99 14,214.27 7,169.42 500.00 1,020,369.19 RECEIPTS STUDENT FEES 1,198,738.37 CHARTER SCHOOL REVENUE 169,027.15 169,027.15 ACCOUNTS RECEIVABLE 45,786.40 LOANS AND ADVANCES -- SALE OF ASSETS -- TRANSFERS IN FROM OTHER ACCOUNTS 2,547,428.56 OTHER (ATTACH LIST) -- TOTAL RECEIPTS 169,027.15 -- -- -- 3,960,980.48 DISBURSEMENTS BUSINESS - ORDINARY OPERATIONS 32,445.26 873,154.09 CAPITAL IMPROVEMENTS -- PRE-PETITION DEBT -- TRANSFERS TO OTHER DIP ACCOUNTS 2,547,428.56 PAYMENTS MADE FOR SUNRISE EDU 893,797.43 OTHER (ATTACH LIST) -- REORGANIZATION EXPENSES: ATTORNEY FEES -- ACCOUNTANT FEES -- OTHER PROFESSIONAL FEES -- U.S. TRUSTEE QUARTERLY FEE -- COURT COSTS -- TOTAL DISBURSEMENTS 32,445.26 -- -- -- 4,314,380.08 ACCOUNT BALANCE - END OF MONTH 451,686.88 14,214.27 7,169.42 500.00 666,969.59 THE FOLLOWING SECTION MUST BE FILLED OUT DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: TOTAL DISBURSEMENTS FROM ABOVE 4,314,380.08 LESS: TRANSFERS OUT TO OTHER DIP ACCOUNTS (2,547,428.56) LESS: PAYMENTS MADE FOR SUNRISE EDUCATIONAL SERVICES, INC. (893,797.43) PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. PAYMENTS FROM ESCROW OR 2-PARTY CHECKS) TOTAL DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: 873,154.09
The Tesseract Group (excl. Sunrise) Statement of Operations For the Month Ending October 31, 2000 REVENUE Tuition and Fees Revenue $ 999,859.87 Charter Revenue 225,896.27 Transportation Revenue 1,585.53 Food Revenue 23,632.09 Discounts (8,350.07) Refunds/Returns (2,380.50) ------------- Total Revenue 1,240,243.19 ------------- OPERATIONAL COSTS Salaries and Wages 528,594.81 Taxes and Benefits 40,644.26 Classroom Expenses 44,390.39 Food Programs Expense 23,369.07 Transportation Expenses 1,110.07 Maintenance Expense 52,482.45 Rent Expense 209,448.19 Security Services Expense 113.48 Real Property Tax Expense 16,624.92 Sales and Use Tax Expense 807.80 Utilities Expense 27,103.45 ------------- Total Operational Costs 944,688.89 ------------- GENERAL & ADMINISTRATIVE COSTS Advertising, Mktg, Promo Exp 2,578.00 Bad Debt Expense (5,769.35) Bank Charges/Processing Fees-A 5,033.19 Computer/Technology Expense 600.00 Licenses & Fees Expense 803.00 Office/School Supplies Expense 975.57 Penalties & Late Fees Expense 74.00 Postage and Printing Expense 80.44 Pre-Employment Expense 154.00 Telephone Expense 2,958.61 Travel Expense 764.93 Corporate Overhead 333,644.47 Corporate Overhead Allocated to Sunrise (166,822.24) Other Expenses 425.12 ------------- Total General and Administrative Expenses 175,499.74 ------------- Interest Expense (635.91) Undefined Peoplesoft 179.15 ------------- Net Interest and Other Income (Expense) (456.76) ------------- Depreciation Expense 95,773.53 ------------- Total Depreciation and Amortization 95,773.53 ------------- REORGANIZATION EXPENSES Professional Fees 176,713.87 Professional Fees Allocated to Sunrise (87,219.93) ------------- Total Reorganization Expenses 89,493.94 ------------- Net Income $ (65,669.67) ============= The Tesseract Group (excl. Sunrise) Balance Sheet October 31, 2000 ASSETS Current Assets Cash and Cash Equivalents $ 2,928,021.18 Accounts Receivable, net 238,557.40 Note Receivable from Nobel 2,944,888.22 Prepaid Rent 257,126.04 Other Prepaid Expenses 460,103.14 -------------- Total Current Assets 6,828,695.98 Investment in Sunrise 18,971,824.26 Property and Equipment, net 5,827,124.46 Deposits and Other Assets 1,633,643.56 -------------- Total Assets $33,261,288.26 ============== LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts Payable $ 96,274.00 Accrued Payroll and Benefits 1,032,578.44 Accrued Payroll Taxes 105,678.00 Deferred Revenue and Tuition Deposits 2,660,491.60 -------------- Total Current Liabilities 3,895,022.04 -------------- Pre-Petition Liabilities Line of Credit 5,848,822.65 Accounts Payable 3,773,466.87 Other Unsecured Notes Payable 865,500.00 Other Current Liabilities 3,444,344.29 Long-Term Debt 3,177,545.00 -------------- Total Pre-Petition Liabilities 17,109,678.81 -------------- Due to Sunrise 698,708.29 Reserve for Closed Schools 504,099.10 Other Long-Term Obligations 13,999.76 -------------- Total Long-Term Liabilities 1,216,807.15 -------------- Total Liabilities 22,221,508.00 -------------- Shareholders' Equity Pre-Petition Shareholders' Equity 11,105,449.93 Post Petition Retained Deficit (65,669.67) -------------- Total Shareholders' Equity 11,039,780.26 -------------- Total Liabilities and Shareholders' Equity $33,261,288.26 ============== CASE NUMBER: B-00-10938-ECF-RTB STATUS OF ASSETS
0-30 31-60 60+ ACCOUNTS RECEIVABLE TOTAL DAYS DAYS DAYS ---------- ---------- ---------- ---------- TOTAL ACCOUNTS RECEIVABLE 238,557 199,332 20,765 18,459 LESS: AMOUNT CONSIDERED UNCOLLECTIBLE ---------- ---------- ---------- ---------- ACCOUNTS RECEIVABLE (NET) 238,557 199,332 20,765 18,459 ========== ========== ========== ========== SCHEDULED CURRENT FIXED ASSETS AMOUNT ADDITIONS DELETIONS AMOUNT ---------- ---------- ---------- ---------- REAL PROPERTY 1,867,408 1,867,408 ========== ========== ========== ========== BUILDING IMPROVEMENTS/PLANT 846,395 18,450 864,845 ACCUMULATED DEPRECIATION (136,823) (5,940) (142,762) ---------- ---------- ---------- ---------- NET BUILDINGS/PLANT 709,573 12,510 -- 722,083 ========== ========== ========== ========== EQUIPMENT 5,466,149 5,466,149 ACCUMULATED DEPRECIATION (2,404,930) (106,649) (2,511,579) ---------- ---------- ---------- ---------- NET EQUIPMENT 3,061,218 (106,649) -- 2,954,569 ========== ========== ========== ========== AUTOS & VEHICLES 557,586 557,586 ACCUMULATED DEPRECIATION (259,791) (14,731) (274,522) ---------- ---------- ---------- ---------- NET AUTOS & VEHICLES 297,795 (14,731) -- 283,064 ========== ========== ========== ==========
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 96,274 96,274 TAXES PAYABLE 105,678 105,678 ACCRUED SALARIES AND BENEFITS 1,032,578 1,032,578 PREPAID TUITION AND DEPOSITS 2,660,492 2,660,492 SECURED DEBT OTHER (ATTACH LIST) ---------- ---------- ---------- ---------- ---------- TOTAL POST-PETITION LIABILITIES 3,895,022 3,895,022 -- -- -- ========== ========== ========== ========== ==========
PAYMENTS TO INSIDERS AND PROFESSIONALS INSIDERS AMOUNT PD TOTAL PD NAME REASON FOR PAYMENT THIS MONTH TO DATE - ---- ------------------ ---------- --------- Lucian Spataro Wages and Exp. Reimbursement 20,186.36 20,186.36 Ernie Recsetar Wages 10,000.00 10,000.00 Michael Lynch Wages and Exp. Reimbursement 7,948.21 7,948.21 --------- --------- TOTAL PAYMENTS TO INSIDERS 38,134.57 38,134.57 ========= ========= PROFESSIONALS DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID - ---- ------- -------- ---- ------- -------- NONE CASE NUMBER: B-00-10938-ECF-RTB CASE STATUS QUESTIONNAIRE YES NO HAVE ANY FUNDS BEEN DISBURSED FROM ANY All accounts are in ACCOUNT OTHER THAN A DEBTOR IN POSSESSION process of conversion ACCOUNT? to DIP designation 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: 311 INSURANCE CARRIER AND PERIOD EXPIRATION PAYMENT AMOUNT TYPE OF POLICY POLICY NUMBER COVERED DATE & FREQUENCY - -------------- ------------- ------- ---- ----------- Gen Liability CLI0018811 3/1/00 3/1/01 39,208.72 /month Auto Liability BAP0708409 5/1/00 3/1/01 Included above Excess Liability UMI0000552 3/1/00 3/1/01 Included above Workers Comp 59WBJB3649 11/30/99 11/30/00 Fully Paid Non-Owned Auto 59UUNGG2042 3/1/00 3/1/01 Included above 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? Corporate Company VENDOR CHECK REGISTER REPORT Payables Management
Ranges: From: To: From: To: Check Number First Last Check Date 10/6/00 10/31/00 Vendor ID First Last Checkbook ID First Last Vendor Name First Last Sorted By: Check Number * Voided Checks Check Number Vendor ID Vendor Check Name Check Date Checkbook ID Audit Trail Code Amount - ------------ --------- ----------------- ---------- ------------ ---------------- ----------- 100-003-9516 ARC000000 ARC 10/18/00 OPERATING PMPAY00000008 $270.69 1465750542 LAKLEA000 LAKESHORE LEARNING MATERIALS 10/29/00 OPERATING PMPAY00000008 $2,637.15 1810820159 STAGRO000 STANTON GROUP 10/13/00 OPERATING PMPAY00000008 $437.50 200011295 QUASTA000-B QUALITY STAMP AND SEAL 10/10/00 OPERATING PMTRX00000166 $34.96 200011296 US0FOO000-B US FOODSERVICE 10/13/00 OPERATING PMTRX00000172 $12,500.00 200011297 DEPOFPUSA-B DEPARTMENT OF PUBLIC SAFETY - 10/13/00 OPERATING PMCHK00000098 $88.00 200011298 BROFRA000-B FRANK BRONSON 10/13/00 OPERATING PMCHK00000098 $1,725.67 200011299 CHRHOO000-B CHRIS HOOPER DBA SPORTS CLINIC 10/13/00 OPERATING PMCHK00000098 $342.17 200011300 LUE000000-B LUETHMERS,JACKI 10/13/00 OPERATING PMCHK00000098 $10.88 200011301 NOP000000-B NOPPENBERG,KAREN 10/13/00 OPERATING PMCHK00000098 $31.56 200011302 PAU000-B PAUL TAYLOR 10/13/00 OPERATING PMCHK00000098 $55.80 200011303 ROBMAR000-B MARCIA ROBINSON 10/13/00 OPERATING PMCHK00000098 $755.00 200011304 ROMAMY000-B ROMINE, AMY 10/13/00 OPERATING PMCHK00000098 $82.95 200011305 WAMCHA000-B CHANDA WAMPLER 10/13/00 OPERATING PMCHK00000098 $20.16 200011306 UNISTA000-B UNITED STATES POSTAL SERVICE 10/13/00 OPERATING PMCHK00000098 $2,000.00 200011307 STAFUN000-B STATE FUND COMPENSATION 10/13/00 OPERATING PMCHK00000098 $5,124.00 200011308 ARICOR000-B ARIZONA CORP COMMISSION 10/13/00 OPERATING PMCHK00000098 $45.00 200011309 LYN000000-B LYNCH,MICHAEL 10/13/00 OPERATING PMTRX00000173 $99.02 200011310 SPA000000-B SPATARO,LUCIAN 10/13/00 OPERATING PMTRX00000175 $281.92 200011311 KEVBUN000-B KEVIN BUNYAN KARATE 10/13/00 OPERATING PMTRX00000176 $2,066.00 200011312 OWERHO000-B OWENS, RHONDA 10/17/00 OPERATING PMCHK00000100 $600.00 200011313 REE000000-B REEVES,LARRY 10/20/00 OPERATING PMTRX00000183 $233.12 200011314 LYN000000-B LYNCH,MICHAEL 10/20/00 OPERATING PMTRX00000184 $421.74 200011315 SPA000000-B SPATARO,LUCIAN 10/23/00 OPERATING PMTRX00000186 $228.17 200011316 C.S.C.000-B C.S.C. 10/24/00 OPERATING PMTRX00000187 $450.00 200011318 NOBSCH000-B NOBEL SCHOOL MGMT SVC 10/26/00 OPERATING PMCHK00000101 $11,100.00 200011319 LYN000000-B LYNCH,MICHAEL 10/27/00 OPERATING PMTRX00000191 $369.14 200011320 REE000000-B REEVES,LARRY 10/27/00 OPERATING PMTRX00000192 $359.38 200011322 FOR000000-B FORTIS 10/27/00 OPERATING PMTRX00000194 $7,339.67 200011323 LYN000000-B LYNCH,MICHAEL 10/30/00 OPERATING PMTRX00000195 $231.71 200011324 BEM000000-B BEMISH,KAREN 10/30/00 OPERATING PMCHK00000104 $200.00 200011325 EDUCOR000-B EDUCORP PROPERTIES, INC 10/30/00 OPERATING PMCHK00000104 $207,873.29 200011326 FOR000000-B FORTIS 10/30/00 OPERATING PMCHK00000104 $1,102.47 200011327 NOPOOO000-B MIKE NOPPENBERG 10/30/00 OPERATING PMCHK00000104 $1,000.00 200011328 SLAJAC000-B JACK SLADE 10/30/00 OPERATING PMCHK00000104 $1,000.00 200011329 ST.GEO000-B ST. GEORGE FELLOWSHIP HALL 10/30/00 OPERATING PMCHK00000104 $3,182.70 200011330 AICRED000-B A.I. CREDIT CORP. 10/31/00 OPERATING PMCHK00000105 $40,526.80 200011331 AT&T78522-B AT&T - 78522 10/31/00 OPERATING PMCHK00000105 $204.44 200011332 AUTDAT000-B AUTOMATIC DATA PROCESSING ADP 10/31/00 OPERATING PMCHK00000105 $2,609.61 200011333 FEDEXP000-B FEDERAL EXPRESS 10/31/00 OPERATING PMCHK00000105 $556.28 200011334 IMPFIN000-B IMPERIAL FINANCIAL PRINTING 10/31/00 OPERATING PMCHK00000105 $80.00 200011335 RSMMCG000-B RSM MCGLADREY 10/31/00 OPERATING PMCHK00000105 $3,253.50 200011336 SHE000000-B SHEARER,DAN 10/31/00 OPERATING PMCHK00000105 $135.78 200011337 UNIPAR000-B UNITED PARCEL SERVICE-UPS 10/31/00 OPERATING PMCHK00000105 $30.00 200011338 SPA000000-B SPATARO,LUCIAN 10/31/00 OPERATING PMTRX00000199 $162.17 REMIT000000000000047 AIR000000-B AIRE-MASTER 10/13/00 PMCHK00000098 $0.00 REMIT000000000000048 ALLFOO001-B ALLIANT FOODSERVICE - AZ 10/13/00 PMCHK00000098 $0.00 REMIT000000000000049 ARIAIR000-B ARIZONA AIR-SCENT 10/13/00 PMCHK00000098 $0.00 REMIT000000000000050 ATHIN0000-B ATHLETES IN TRAINING 10/13/00 PMCHK00000098 $0.00 REMIT000000000000051 CARJUD000-B JUDY CAREY 10/13/00 PMCHK00000098 $0.00 REMIT000000000000052 COUCHE000-B COURTESY CHEVROLET 10/13/00 PMCHK00000098 $0.00 REMIT000000000000053 DIMWIL000-B WILLIAM DIMAS 10/13/00 PMCHK00000098 $0.00 REMIT000000000000054 HARBRA001-B HARCOURT BRACE FL 10/13/00 PMCHK00000098 $0.00 REMIT000000000000055 HEA000000-B HEARTSMART 10/13/00 PMCHK00000098 $0.00 REMIT000000000000056 HEASAV000-B HEART SAVERS 10/13/00 PMCHK00000098 $0.00 REMIT000000000000057 HOMDEP000-B HOME DEPOT 10/13/00 PMCHK00000098 $0.00 REMIT000000000000058 JL0HAM000-B JL HAMMETT CO- NO 10/13/00 PMCHK00000098 $0.00 REMIT000000000000059 JON000001-B JONES,EARL 10/13/00 PMCHK00000098 $0.00 REMIT000000000000060 KP0LIM000-B KP LIMITED INC 10/13/00 PMCHK00000098 $0.00 REMIT000000000000061 LAKLEA000-B LAKESHORE LEARNING MATERIALS 10/13/00 PMCHK00000098 $0.00 REMIT000000000000062 LEWKAR000-B KARA LEWIS 10/13/00 PMCHK00000098 $0.00 REMIT000000000000063 PARVAL000-B PARADISE VALLEY JANITORIAL 10/13/00 PMCHK00000098 $0.00 REMIT000000000000064 PROUSA000-B PROFORCE USA 10/13/00 PMCHK00000098 $0.00
Check Number Vendor ID Vendor Check Name Check Date Checkbook ID Audit Trail Code Amount - ------------ --------- ----------------- ---------- ------------ ---------------- ----------- REMIT000000000000065 Q0MINC000-B Q-MATRIX INC 10/13/00 PMCHK00000098 $0.00 REMIT000000000000066 REDELL000-B ELLEN REDDEN 10/13/00 PMCHK00000098 $0.00 REMIT000000000000067 ROBNAT000-B NATASJA ROBBINS 10/13/00 PMCHK00000098 $0.00 REMIT000000000000068 SANVIL001-B SANTIAGO VILLA (#129) 10/13/00 PMCHK00000098 $0.00 REMIT000000000000069 SC0WAR000-B SC WARNER TEMPE, INC. 10/13/00 PMCHK00000098 $0.00 REMIT000000000000070 SCHJAC000-B SCHMIDT, JACKIE 10/13/00 PMCHK00000098 $0.00 REMIT000000000000071 SCODR0000-B SCOTT DR,ANNE 10/13/00 PMCHK00000098 $0.00 REMIT000000000000072 SHAFOO000-B SHAMROCK FOODS COMPANY 10/13/00 PMCHK00000098 $0.00 REMIT000000000000073 SHAKIM000-B KIMBERLY SHAW 10/13/00 PMCHK00000098 $0.00 REMIT000000000000074 STRLAN000-B QUARLES & BRADY STREICH LANG 10/13/00 PMCHK00000098 $0.00 REMIT000000000000075 TAHINC000-B TAHER, INC 10/13/00 PMCHK00000098 $0.00 REMIT000000000000076 TEASQU000-B TEACHERS SQUARE 10/13/00 PMCHK00000098 $0.00 REMIT000000000000077 THEHAR000-B THE HARTFORD 10/13/00 PMCHK00000098 $0.00 REMIT000000000000078 TUMTOW000-B TUMBLE TOWN GYMNASTICS 10/13/00 PMCHK00000098 $0.00 REMIT000000000000079 US0BAN000-B US BANK NATIONAL ASSOCIAT-401K 10/13/00 PMCHK00000098 $0.00 REMIT000000000000080 US0FOO000-B US FOODSERVICE 10/13/00 PMCHK00000098 $0.00 REMIT000000000000081 VANPAP000-B VAN PAPER COMPANY 10/13/00 PMCHK00000098 $0.00 REMIT000000000000082 XPE000000-B XPEDX 10/13/00 PMCHK00000098 $0.00 REMIT000000000000083 YOUTAM000-B TAMMY BROADUS-YOUNGSMAN 10/13/00 PMCHK00000098 $0.00 REMIT000000000000084 A1CREDD000 A1CREDIT CORP 10/30/00 PMCHK00000104 $0.00 REMIT000000000000085 ACCAND000 ACCT. AND CREDIR ALT - ARIZONA 10/30/00 PMCHK00000104 $0.00 REMIT000000000000086 ARC000000 ARC 10/30/00 PMCHK00000104 $0.00 REMIT000000000000087 AZCON0000 AZ CONSTRUCTION AND MAINTENANC 10/30/00 PMCHK00000104 $0.00 REMIT000000000000088 CANLIF000 CANADA LIFE INSURANCE 10/30/00 PMCHK00000104 $0.00 REMIT000000000000089 FIERC0000 FIELD,SARVAS,KING &COLEMAN,PC 10/30/00 PMCHK00000104 $0.00 REMIT000000000000090 FINPER000 FINANCIAL PERSONAL FINDER 10/30/00 PMCHK00000104 $0.00 REMIT000000000000091 HOFZSO000 ZSOLT HOFMAN 10/30/00 PMCHK00000104 $0.00 REMIT000000000000092 JOH000000 JOHNSON,DEBRA 10/30/00 PMCHK00000104 $0.00 REMIT000000000000093 KANSTA001 KANSAS STATE BANK OF MANHATTAN 10/30/00 PMCHK00000104 $0.00 REMIT000000000000094 NAS000 NASCO - MODESTO 10/30/00 PMCHK00000104 $0.00 REMIT000000000000095 NEWENG000 NEW ENGLAND CAPITAL CORP 10/30/00 PMCHK00000104 $0.00 REMIT000000000000096 NORAIRCOR NORTHERN AIR CORPORATION 10/30/00 PMCHK00000104 $0.00 REMIT000000000000097 PRIWAT000 PRICEWATERHOUSECOOPERS 10/30/00 PMCHK00000104 $0.00 REMIT000000000000098 RSMMCG000 RSM MCGLADREY 10/30/00 PMCHK00000104 $0.00 REMIT000000000000099 US0WES003 US WEST COMMUNICATIONS-29060 10/30/00 PMCHK00000104 $0.00 REMIT000000000000100 WESINN000 WESTERN INNOVATIONS INC 10/30/00 PMCHK00000104 $0.00 REMIT000000000000101 YGNPHI000 YGNACIO,PHILIP D. 10/30/00 PMCHK00000104 $0.00 TEST TEST TEST 10/13/00 OPERATING PMCHK00000099 $0.50 TEST-1 TEST TEST 10/13/00 OPERATING PMTRX00000178 $0.01 TEST-2 TEST TEST 10/13/00 OPERATING PMTRX00000178 $0.01 TEST-3 TEST TEST 10/13/00 OPERATING PMTRX00000178 $0.01 Total Checks: 104 Total Amount of Checks: $311,858.93
Owned Charters VENDOR CHECK REGISTER REPORT Payables Management
Ranges: From: To: From: To: Check Number First Last Check Date 10/6/00 10/31/00 Vendor ID First Last Checkbook ID First Last Vendor Name First Last Sorted By: Check Number * Voided Checks Check Number Vendor ID Vendor Check Name Check Date Checkbook ID Audit Trail Code Amount - ------------ --------- ----------------- ---------- ------------ ---------------- ----------- 800050129 GARBOV000 GARY BOVEN 10/10/00 OPERATING PMCHK00000016 $87.50 800050130 JANHOB000 JANE HOBAICA 10/10/00 OPERATING PMCHK00000016 $245.00 800050131 LORWAR000 LORENA WARREN 10/10/00 OPERATING PMCHK00000016 $70.00 800050132 REBHIL000 REBECCA HILT 10/10/00 OPERATING PMCHK00000016 $108.00 800050134 DEPOFPUSA DEPARTMENT OF PUBLIC SAFETY - 10/13/00 OPERATING PMCHK00000017 $48.00 800050135 DEPOFPUSA DEPARTMENT OF PUBLIC SAFETY - 10/13/00 OPERATING PMCHK00000017 $48.00 800050136 BUEHIG000 BUENA HIGH PRINT 10/13/00 OPERATING PMCHK00000017 $80.44 800050137 THUMOU000-B THUNDER MOUNTAIN CLEANING SERV 10/26/00 OPERATING PMTRX00000033 $5,344.75 800050138 FIRWES000-B FIRST WEST PROPERTIES 10/30/00 OPERATING PMCHK00000018 $16,054.21 800050139 RUR&0R001-B RURAL & RAY LLC (CORONA DEL) 10/30/00 OPERATING PMCHK00000018 $6,349.42 800050140 BMIEDU000-B BMI EDUCATION SERVICE 10/30/00 OPERATING PMCHK00000019 $129.33 800050141 CITPHO296-B CITY OF PHOENIX 29690 10/30/00 OPERATING PMCHK00000019 $4.88 800050142 FRIJEN000-B JENNIFER FRIEND 10/30/00 OPERATING PMCHK00000019 $60.66 800050143 HUNLIL000-B HUNT, LILLIAN 10/30/00 OPERATING PMCHK00000019 $43.40 800050144 KP0LIM000-B KP LIMITED INC 10/30/00 OPERATING PMCHK00000019 $1,914.75 800050146 MCE000000-B MCESD 10/30/00 OPERATING PMCHK00000019 $200.00 800050147 NEG000000-B NEGRETTI,MARILYN 10/30/00 OPERATING PMCHK00000019 $47.12 800050148 STUBON000-B BONNI STUTZ 10/30/00 OPERATING PMCHK00000019 $40.82 800050149 SULSPR000-B SULPHUR SPRINGS ELECTRIC 10/30/00 OPERATING PMCHK00000019 $1,206.19 800050150 WOL000000-B WOLF,MICHAEL 10/30/00 OPERATING PMCHK00000019 $362.79 Total Checks: 20 Total Amount of Checks: $32,445.26
THE TESSERACT GROUP, INC. CASH FLOW ANALYSIS B-00-10938-ECF-RTB BEGINNING FUNDS AVAILABLE: $1,020,369.19 ------------- Cash In: Credit Card Deposit (Private) 82,512.90 Credit Card Deposit (Charter) 975.00 Regular Deposits (Private) 197,809.03 Regular Deposits (Charter) 9,248.93 Regular Deposits (Corporate) 45,786.40 Other Deposit (Charter) 169,027.15 ------------ Daily Cash In: $ 505,359.41 ============ Cash Out: Charter A/P 32,445.26 Private A/P 12,150.00 Corporate A/P 299,708.93 Corporate A/P (allocated to Sunrise) (149,854.47) TesseracT Payroll 541,787.80 Charter Payroll 105,626.49 Medical Claims 27,602.14 Banking Fees 3,687.94 ------------- Daily Cash Out: $ 873,154.09 ============= Net Cash In/Out: $ (367,794.68) ------------- ENDING FUNDS AVAILABLE: $ 652,574.51 ============= THE TESSERACT GROUP, INC. CONSOLIDATED CASH FLOW ANALYSIS For The Period 10/6 TO 10/30/00 ---------------- BEGINNING FUNDS AVAILABLE: $1,020,369.19 ------------- Cash In: Telecheck $ 155,631.83 Credit Card Deposit (Preschools) 395,634.62 Credit Card Deposit (Private) 82,512.90 Credit Card Deposit (Charter) 975.00 Regular Deposits (Preschools) 356,926.06 Regular Deposits (Private) 197,809.03 Regular Deposits (Charter) 9,248.93 Regular Deposits (Corporate) 45,786.40 Other Deposit (Charter) 169,027.15 ------------- Daily Cash In: $1,413,551.92 ============= Cash Out: Preschool A/P $ 268,594.76 Charter A/P 32,445.26 Private A/P 12,150.00 Corporate A/P 299,708.93 TesseracT Payroll 541,787.80 Preschool Payroll 475,348.20 Charter Payroll 105,626.49 Medical Claims 27,602.14 Banking Fees 3,687.94 ------------- Daily Cash Out: $1,766,951.52 ============= Net Cash In/Out: $ (353,399.60) ------------- ENDING FUNDS AVAILABLE: $ 666,969.59 ============= EX-99.2 3 ex99-2.txt MONTHLY OPERATING REPORT - SUNRISE 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 October 6-13, 2000 ) 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: /s/ Lusican P. Spataro CEO - --------------------------------------- ---------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Lucian P. Spataro 12/4/2000 - --------------------------------------- ---------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Douglass E. Snell Controller - --------------------------------------- ---------- ORIGINAL SIGNATURE OF PREPARER TITLE Douglass E. Snell 12/4/2000 - --------------------------------------- ---------- 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: OCTOBER 6-31 RECEIPTS AND DISBURSEMENTS BANK ACCOUNTS AMOUNTS REPORTED SHOULD BE ------------------------------------------- PER THE DEBTOR'S BOOKS, SUNRISE SUNRISE PMTS not per the bank statement OPERATING MADE BY #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 268,594.76 625,202.67 893,797.43 OTHER (ATTACH LIST) -- TOTAL RECEIPTS 268,594.76 625,202.67 893,797.43 DISBURSEMENTS BUSINESS - ORDINARY OPERATIONS 268,594.76 268,594.76 CAPITAL IMPROVEMENTS -- PRE-PETITION DEBT -- TRANSFERS TO OTHER DIP ACCOUNTS -- PAYMENTS MADE FOR SUNRISE EDU. 625,202.67 625,202.67 OTHER (ATTACH LIST) -- REORGANIZATION EXPENSES: ATTORNEY FEES -- ACCOUNTANT FEES -- OTHER PROFESSIONAL FEES -- U.S. TRUSTEE QUARTERLY FEE -- COURT COSTS -- TOTAL DISBURSEMENTS 268,594.76 625,202.67 893,797.43 ACCOUNT BALANCE - END OF MONTH -- -- -- THE FOLLOWING SECTION MUST BE FILLED OUT DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: TOTAL DISBURSEMENTS FROM ABOVE 893,797.43 LESS: TRANSFERS OUT TO OTHER DIP ACCOUNTS -- PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES TOTAL DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: 893,797.43 Sunrise Educational Services, Inc. Statement of Operations For the Month Ending October 31, 2000 REVENUE Tuition and Fees Revenue $1,264,357.87 Government Revenue 9,449.22 Food Revenue 3,942.25 Discounts (134,967.02) Refunds/Returns 128.80 ------------- Total Revenue 1,142,911.12 ------------- OPERATIONAL COSTS Salaries and Wages 526,097.48 Taxes and Benefits 37,233.07 Classroom Expenses 4,467.62 Food Programs Expense 67,516.61 Transportation Expenses 3,505.00 Maintenance Expense 62,647.73 Insurance Expense 6,397.66 Rent Expense 240,056.87 Security Services Expense 324.00 Personal Property Tax Expense (29.01) Utilities Expense 16,686.69 ------------- Total Operational Costs 964,903.72 ------------- GENERAL & ADMINISTRATIVE COSTS Advertising, Mktg, Promo Exp 3,789.51 Bad Debt Expense 7,441.87 Bank Charges/Processing Fees-A 14,692.75 Licenses & Fees Expense 230.50 Office/School Supplies Expense 368.30 Penalties & Late Fees Expense 120.52 Postage and Printing Expense 4.75 Pre-Employment Expense 2,081.00 Telephone Expense 5,563.16 Travel Expense 614.81 Allocated Corporate Overhead 166,822.24 Other Expenses 178.58 ------------- Total General and Administrative Expenses 201,907.99 ------------- Interest Expense (4,877.17) ------------- Net Interest and Other Income (Expense) (4,877.17) ------------- Depreciation Expense 40,984.18 ------------- Total Depreciation and Amortization 40,984.18 ------------- REORGANIZATION EXPENSES Professional Fees Allocated 87,219.93 ------------- Total Reorganization Expenses 87,219.93 ------------- Net Income $ (156,981.87) ============= Sunrise Educational Services, Inc. Balance Sheet October 31, 2000 ASSETS Current Assets Cash and Cash Equivalents $ 15,719.31 Accounts Receivable, net 447,993.28 Prepaid Rent 256,224.90 Other Current Assets 77,839.16 ------------- Total Current Assets 797,776.65 Due From Tesseract 698,708.29 Property and Equipment, net 1,150,984.69 Deposits and Other Assets 150,786.86 ------------- Total Assets $2,798,256.49 ============= LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts Payable $ 92,092.89 Payroll and Related Accruals 333,928.49 Deferred Revenue and Tuition Deposits 116,888.06 ------------- Total Current Liabilities 542,909.44 ------------- Pre-Petition Liabilities Accounts Payable 896,687.09 Other Current Liabilities 79,198.70 Long-Term Debt 248,159.46 ------------- Total Pre-Petition Liabilities 1,224,045.25 ------------- Reserve for Closed Schools 143,661.34 Other Long-Term Obligations 184,260.05 ------------- Total Long-Term Liabilities 327,921.39 ------------- Total Liabilities 2,094,876.08 ------------- Shareholders' Equity Pre-Petition Shareholders' Equity 860,362.28 Post Petition Retained Deficit (156,981.87) ------------- Total Shareholders' Equity 703,380.41 ------------- Total Liabilities and Shareholders' Equity $2,798,256.49 ============= CASE NUMBER: B-00-10939-ECF-RTB STATUS OF ASSETS
0-30 31-60 60+ ACCOUNTS RECEIVABLE TOTAL DAYS DAYS DAYS ---------- ---------- ---------- ---------- TOTAL ACCOUNTS RECEIVABLE 447,994 317,576 72,116 58,301 LESS: AMOUNT CONSIDERED UNCOLLECTIBLE ACCOUNTS RECEIVABLE (NET) 447,994 317,576 72,116 58,301 SCHEDULED CURRENT FIXED ASSETS AMOUNT ADDITIONS DELETIONS AMOUNT ---------- ---------- ---------- ---------- REAL PROPERTY BUILDING IMPROVEMENTS/PLANT 1,020,140 13,467 1,033,607 ACCUMULATED DEPRECIATION (413,993) (15,363) (429,356) NET BUILDINGS/PLANT 606,147 (1,896) -- 604,251 EQUIPMENT 755,300 755,300 ACCUMULATED DEPRECIATION (511,115) (15,379) (526,494) NET EQUIPMENT 244,186 (15,379) -- 228,807 AUTOS & VEHICLES 953,839 953,839 ACCUMULATED DEPRECIATION (625,670) (10,243) (635,913) NET AUTOS & VEHICLES 328,170 (10,243) -- 317,927
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 92,093 92,093 TAXES PAYABLE 43 43 ACCRUED PAYROLL AND BENEFITS 333,885 333,885 PREPAID TUITION 116,888 116,888 SECURED DEBT OTHER (ATTACH LIST) ------- ------- ------- ------- ------- TOTAL POST-PETITION LIABILITIES 542,909 542,909 -- -- -- ======= ======= ======= ======= ======= 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 CASE NUMBER: B-00-10939-ECF-RTB CASE STATUS QUESTIONNAIRE YES NO HAVE ANY FUNDS BEEN DISBURSED FROM ANY All accounts are in ACCOUNT OTHER THAN A DEBTOR IN POSSESSION process of conversion ACCOUNT? to DIP designation 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: 479 INSURANCE CARRIER AND PERIOD EXPIRATION PAYMENT AMOUNT TYPE OF POLICY POLICY NUMBER COVERED DATE & FREQUENCY - -------------- ------------- ------- ---- ----------- Gen Liability CLI0018811 3/1/00 3/1/01 39,208.72 /month Auto Liability BAP0708409 5/1/00 3/1/01 Included above Excess Liability UMI0000552 3/1/00 3/1/01 Included above Workers Comp 59WBJB3649 11/30/99 11/30/00 Fully Paid Gen Liability CLI0018810 3/1/00 3/1/01 Included above Blanket Contents 59UUNGG2042 5/1/00 3/1/01 Included above 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? Sunrise Preschools, Inc. VENDOR CHECK REGISTER REPORT Payables Management
Ranges: From: To: From: To: Check Number First Last Check Date 10/6/00 10/31/00 Vendor ID First Last Checkbook ID First Last Vendor Name First Last Sorted By: Check Number * Voided Checks Check Number Vendor ID Vendor Check Name Check Date Checkbook ID Audit Trail Code Amount - ------------ --------- ----------------- ---------- ------------ ---------------- ----------- 100012001 BAFDIA000 DIANE BAFFERTY 10/13/00 OPERATING PMCHK00000001 $24.00 100012002 DAVTAM000 TAMERA DAVIS 10/13/00 OPERATING PMCHK00000001 $49.60 100012003 DELJEN000 JENNIFER DELGADO 10/13/00 OPERATING PMCHK00000001 $28.40 100012004 DEPOFPUSA DEPARTMENT OF PUBLIC SAFETY - 10/13/00 OPERATING PMCHK00000001 $572.00 100012005 DYCNAN000 DYCK, NANCY 10/13/00 OPERATING PMCHK00000001 $35.73 100012006 EVAJEN000 JENNIFER EVANS 10/13/00 OPERATING PMCHK00000001 $83.00 100012007 GREDEB000 DEBBIE GREEN 10/13/00 OPERATING PMCHK00000001 $37.50 100012009 NEWRON000 RONALD NEWMAN 10/13/00 OPERATING PMCHK00000001 $93.00 100012010 OOSPAT000 PATRICIA OOSDYKE 10/13/00 OPERATING PMCHK00000001 $50.00 100012011 YOUFEL000 FELICIA YOUNAN 10/13/00 OPERATING PMCHK00000001 $50.00 100012012 US0FOO000 US FOODSERVICE 10/19/00 OPERATING PMCHK00000002 $7,093.02 100012013 TOOLOR000 LORI TOOLEY 10/19/00 OPERATING PMCHK00000002 $34.72 100012014 TOOLOR000 LORI TOOLEY 10/19/00 OPERATING PMCHK00000002 $64.71 100012015 TOOLOR000 LORI TOOLEY 10/19/00 OPERATING PMCHK00000002 $185.77 100012016 MOBFLE000 MOBIL FLEET 10/20/00 OPERATING PMTRX00000003 $3,500.00 100012018 MOBFLE000 MOBIL FLEET 10/24/00 PMPAY00000001 $0.00 100012020 4DPROP000 4D PROPERTIES 10/30/00 OPERATING PMCHK00000003 $11,772.03 100012021 ANCVIL000 ANCALA VILLAGE SHOPPING CENTER 10/30/00 OPERATING PMCHK00000003 $16,662.34 100012022 BUI70U000 BUILDING 7 UNION HILLS LLC 10/30/00 OPERATING PMCHK00000003 $7,626.51 100012023 DERENT000 DER ENTERPRISES LLP 10/30/00 OPERATING PMCHK00000003 $15,207.19 100012024 DIVINS000 DIVALL INSURED INCOME PROP INC 10/30/00 OPERATING PMCHK00000003 $11,418.38 100012025 JON000001 JONES,EARL 10/30/00 OPERATING PMCHK00000003 $10,821.18 100012026 MCCVEN003 MCCLINTOCK VENTURE LC 10/30/00 OPERATING PMCHK00000003 $13,067.25 100012027 MESDEV000 MESA DEVELOPMENT INC 10/30/00 OPERATING PMCHK00000003 $12,568.84 100012028 PEOINV000 PEORIA INVESTMENTS INC 10/30/00 OPERATING PMCHK00000003 $17,853.87 100012029 PIECOU000 PIERCE COUNTY ESCROW 10/30/00 OPERATING PMCHK00000003 $16,481.08 100012030 SANVIL003 SANTIAGO VILLA (#129) 10/30/00 OPERATING PMCHK00000003 $13,836.33 100012031 SANVIL005 SANTIAGO VILLA (#124) 10/30/00 OPERATING PMCHK00000003 $14,980.76 100012032 SC0WAR000 SC WARNER TEMPE, INC. 10/30/00 OPERATING PMCHK00000003 $12,330.04 100012033 SDMFAM000 SDM FAMILY CORP 10/30/00 OPERATING PMCHK00000003 $13,794.27 100012034 SUNPRE000 SUNRISE PRESCHOOL VI INVESTME 10/30/00 OPERATING PMCHK00000003 $31,319.61 100012035 THEYOU000 THE YOUNG ONES CENTER 10/30/00 OPERATING PMCHK00000003 $6,525.16 100012036 WELFAR002 WELLS FARGO BANK 10/30/00 OPERATING PMCHK00000003 $18,541.69 1001 MOBFLE000 MOBIL FLEET 10/25/00 OPERATING PMPAY00000002 $5,000.00 1002 MONVAL000 MONKS, VALERIE 10/25/00 OPERATING PMPAY00000003 $266.38 1003 US0FOO000 US FOODSERVICE 10/26/00 OPERATING PMPAY00000004 $6,620.40 REMIT000000000000001 MONVAL000 MONKS, VALERIE 10/30/00 PMCHK00000003 $0.00 Total Checks: 37 Total Amount of Checks: $268,594.76
SUNRISE EDUCATIONAL SERVICES, INC. CASH FLOW ANALYSIS B-00-10939-ECF-RTB BEGINNING FUNDS AVAILABLE: $ -- ------------ Cash In: Telecheck $ 155,631.83 Credit Card Deposit (Preschools) 395,634.62 Regular Deposits (Preschools) 356,926.06 ------------ Daily Cash In: $ 908,192.51 ============ Cash Out: Preschool A/P $ 268,594.76 Preschool Payroll 475,348.20 Corporate A/P (allocated) 149,854.47 ------------ Daily Cash Out: $ 893,797.43 ============ Net Cash In/Out: $ 14,395.08 ------------ ENDING FUNDS AVAILABLE: $ 14,395.08 ============ -----END PRIVACY-ENHANCED MESSAGE-----