EX-99.1 2 ex99-1.txt MONTHLY OPERATING REPORT FOR 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 MARCH ) 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: /s/ Douglass E. Snell Controller ---------------------------------------- ---------- ORIGINAL SIGNATURE OF PREPARER TITLE Douglass E. Snell 4/20/01 ---------------------------------------- ---------- 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: MARCH 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 -- 148,290.77 -- -- -- 67,663.60 RECEIPTS STUDENT FEES 1,577,546.89 195,932.73 CHARTER SCHOOL REVENUE 237,105.42 ACCOUNTS RECEIVABLE -- INTEREST 404.10 SALE OF ASSETS TRANSFERS IN FROM OTHER ACCOUNTS 1,793,147.03 27,275.16 902,114.57 380,489.57 1,158.68 OTHER (ATTACH LIST) TOTAL RECEIPTS 1,577,546.89 1,989,483.86 27,275.16 902,114.57 380,489.57 238,264.10 DISBURSEMENTS BUSINESS - ORDINARY OPERATIONS -- 15,986.65 27,275.16 440,982.36 263,591.04 49,337.17 CAPITAL IMPROVEMENTS PRE-PETITION DEBT TRANSFERS TO OTHER DIP ACCOUNTS 1,577,546.89 1,309,879.30 215,600.14 PAYMENTS MADE FOR SUNRISE EDU 483,074.04 461,132.21 116,898.53 OTHER (VOIDS) REORGANIZATION EXPENSES: ATTORNEY FEES ACCOUNTANT FEES OTHER PROFESSIONAL FEES U.S. TRUSTEE QUARTERLY FEE COURT COSTS TOTAL DISBURSEMENTS 1,577,546.89 1,808,939.99 27,275.16 902,114.57 380,489.57 264,937.31 ------------ ------------ --------- ---------- ---------- ---------- ACCOUNT BALANCE - END OF MONTH -- 328,834.64 -- -- -- 40,990.39 ============ ============ ========= ========== ========== ========== 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 9,842.77 11,626.60 250,540.12 500.00 488,463.86 RECEIPTS STUDENT FEES 1,773,479.62 CHARTER SCHOOL REVENUE 237,105.42 ACCOUNTS RECEIVABLE -- INTEREST 42.38 329.75 776.23 SALE OF ASSETS 160,000.00 160,000.00 TRANSFERS IN FROM OTHER ACCOUNTS -- 3,104,185.01 OTHER (ATTACH LIST) -- TOTAL RECEIPTS -- 42.38 160,329.75 -- 5,275,546.28 DISBURSEMENTS BUSINESS - ORDINARY OPERATIONS 797,172.38 CAPITAL IMPROVEMENTS -- PRE-PETITION DEBT -- TRANSFERS TO OTHER DIP ACCOUNTS 1,158.68 3,104,185.01 PAYMENTS MADE FOR SUNRISE EDU. 1,061,104.78 OTHER (VOIDS) -- REORGANIZATION EXPENSES: ATTORNEY FEES -- ACCOUNTANT FEES -- OTHER PROFESSIONAL FEES -- U.S. TRUSTEE QUARTERLY FEE -- COURT COSTS -- TOTAL DISBURSEMENTS 1,158.68 -- -- -- 4,962,462.17 --------- --------- ---------- ------ ------------ ACCOUNT BALANCE - END OF MONTH 8,684.09 11,668.98 410,869.87 500.00 801,547.97 ========= ========= ========== ====== ============ THE FOLLOWING SECTION MUST BE FILLED OUT DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: TOTAL DISBURSEMENTS FROM ABOVE 4,962,462.17 LESS: TRANSFERS OUT TO OTHER DIP ACCOUNTS (3,104,185.01) LESS: PAYMENTS MADE FOR SUNRISE EDUCATIONAL SERVICES, INC. (1,061,104.78) PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. PAYMENTS FROM ESCROW OR 2-PARTY CHECKS) ------------- TOTAL DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: 797,172.38 =============
2 The Tesseract Group (excl. Sunrise) Statement of Operations For the Month Ending March 31, 2001 Revenue Tuition and Fees Revenue $ 616,076.99 Charter Revenue 213,078.40 Transportation Revenue 1,365.53 Food Revenue 13,666.00 Refunds/Returns (3,175.82) Discounts (382.33) -------------- Total Revenue 840,628.77 -------------- Operational Costs Salaries and Wages 432,943.67 Taxes and Benefits 44,535.57 Classroom Expenses 10,951.85 Food Programs Expense 9,856.26 Transportation Expenses 1,878.85 Maintenance Expense 27,479.60 Insurance Expense 217.53 Internet Expense -- Rent Expense 73,121.30 Security Services Expense 469.82 Personal Property Tax Expense 96.40 Real Property Tax Expense 11,835.77 Utilities Expense 17,226.89 -------------- Total Operational Costs 630,613.51 -------------- General & Administrative Costs Advertising, Mktg, Promo Exp -- Audit & Tax Expense -- Bad Debt Expense 21,043.56 Bank Charges/Processing Fees-A 2,637.65 Computer/Technology Expense 928.87 Consultant Fees Expense -- Investor Relations Expense -- Licenses & Fees Expense 1,000.55 Office/School Supplies Expense 2,462.41 Penalties & Late Fees Expense -- Postage and Printing Expense 521.32 Pre-Employment Expense 132.50 Telephone Expense 4,020.39 Travel Expense 532.29 Closed School Expense -- Corporate Overhead 149,096.31 Corporate Overhead Allocated to Sunrise (74,548.00) Other Expenses 2.13 -------------- Total General and Administrative Expenses 107,829.98 -------------- Gain/Loss on Sales of Fixed Assets 13,441.75 Other Expense 1,092.39 Interest Expense (84,386.01) -------------- Net Interest and Other Income (Expense) (69,851.87) -------------- Depreciation Expense 70,271.99 -------------- Total Depreciation and Amortization 70,271.99 -------------- Reorganization Expenses Professional Fees 83,293.87 Professional Fees Allocated to Sunrise (41,647.00) -------------- Total Reorganization Expenses 41,646.87 -------------- Net Income $ (79,585.45) ============== 3 The Tesseract Group (excl. Sunrise) Balance Sheet March 31, 2001 ASSETS Current Assets Cash and Cash Equivalents $ 678,554.00 Accounts Receivable, net 214,042.13 Note Receivable from Nobel -- Prepaid Rent 28,848.99 Other Prepaid Expenses 519,175.55 --------------- Total Current Assets 1,440,620.67 Investment in Sunrise 18,971,824.26 Property and Equipment, net 4,098,728.11 Deposits and Other Assets 1,490,501.42 --------------- Total Assets $ 26,001,674.46 =============== LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts Payable $ 61,552.35 Accrued Payroll and Benefits 1,010,450.66 Accrued Payroll Taxes 86,035.42 Deferred Revenue and Tuition Deposits 1,306,751.83 --------------- Total Current Liabilities 2,464,790.26 --------------- Pre-Petition Liabilities Line of Credit 5,848,822.65 Accounts Payable 4,010,564.38 Other Unsecured Notes Payable 865,500.00 Other Current Liabilities 4,196,528.09 Long-Term Debt 3,053,882.95 --------------- Total Pre-Petition Liabilities 17,975,298.07 --------------- Due to Sunrise 676,887.77 Reserve for Closed Schools 504,099.10 Other Long-Term Obligations 13,999.76 --------------- Total Long-Term Liabilities 1,194,986.63 --------------- Total Liabilities 21,635,074.96 --------------- Shareholders' Equity Pre-Petition Shareholders' Equity 5,233,609.18 Post Petition Retained Deficit (867,009.68) --------------- Total Shareholders' Equity 4,366,599.50 --------------- Total Liabilities and Shareholders' Equity $ 26,001,674.46 =============== 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 222,761 116,540 35,986 70,235 LESS: AMOUNT CONSIDERED UNCOLLECTIBLE 8,720 8,720 ACCOUNTS RECEIVABLE (NET) 214,041 116,540 35,986 61,515 SCHEDULED CURRENT FIXED ASSETS AMOUNT ADDITIONS DELETIONS AMOUNT ------------ ------ --------- --------- ------ REAL PROPERTY 1,867,408 1,867,408 BUILDING IMPROVEMENTS/PLANT 846,395 16,066 360,805 501,656 ACCUMULATED DEPRECIATION (136,823) (23,591) (110,273) (50,141) NET BUILDINGS/PLANT 709,573 (7,525) 250,532 451,515 EQUIPMENT 5,466,149 2,112,054 3,354,094 ACCUMULATED DEPRECIATION (2,404,930) (439,611) (1,201,434) (1,643,107) NET EQUIPMENT 3,061,218 (439,611) 910,621 1,710,987 AUTOS & VEHICLES 557,586 222,162 335,424 ACCUMULATED DEPRECIATION (259,791) (58,246) (83,570) (234,466) NET AUTOS & VEHICLES 297,795 (58,246) 138,592 100,958 NOTE: Reduction in assets due to sale of Eagan, Paradise Valley and Ahwatukee private schools 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 61,552 42,179 185 1,605 17,583 TAXES PAYABLE 86,035 86,035 ACCRUED SALARIES AND BENEFITS 1,010,451 1,010,451 PREPAID TUITION AND DEPOSITS 1,306,752 1,306,752 SECURED DEBT OTHER (ATTACH LIST) --------- --------- --- ----- ------ TOTAL POST-PETITION LIABILITIES 2,464,790 2,445,417 185 1,605 17,583 ========= ========= === ===== ====== PAYMENTS TO INSIDERS AND PROFESSIONALS INSIDERS AMOUNT PD TOTAL PD NAME REASON FOR PAYMENT THIS MONTH TO DATE ---- ------------------ ---------- ------- Lucian Spataro Wages and Exp. Reimbursement 18,898.49 129,134.79 Ernie Recsetar Wages -- 22,000.00 Michael Lynch Wages and Exp. Reimbursement 15,851.23 88,538.09 Gary Lilyquist Wages and Exp. Reimbursement 31,123.50 80,239.99 --------- ---------- TOTAL PAYMENTS TO INSIDERS 65,873.22 319,912.87 ========= ========== PROFESSIONALS DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID ---- ------- -------- ---- ------- -------- NONE 6 CASE NUMBER: B-00-10938-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: 210 INSURANCE CARRIER AND PERIOD EXPIRATION PAYMENT AMOUNT TYPE OF POLICY POLICY NUMBER COVERED DATE & FREQUENCY -------------- ------------- ------- ---- ----------- Gen Liability CLI0020446 3/1/01 6/15/01 Paid in full Auto Liability 70APN164181 3/1/01 6/1/01 Paid in full Excess Liability UMI0000567 3/1/01 6/15/01 Paid in full Workers Comp 307512-4 12/1/00 11/30/01 Monthly as a % of PR Blanket Contents 59UUMUN3158 3/1/01 6/15/01 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. CASH FLOW ANALYSIS B-00-10938-ECF-RTB BEGINNING FUNDS AVAILABLE: $ 491,609.75 ------------ Cash In: Credit Card Deposit (Private) 84,078.41 Credit Card Deposit (Charter) 1,105.00 Regular Deposits (Private) 203,673.15 Regular Deposits (Charter) 17,100.38 Regular Deposits (Corporate) 257,390.08 Other Deposit (Charter) 237,105.42 Interest 776.22 Sales of Assets 160,000.00 ------------ Daily Cash In: $ 961,228.66 Cash Out: Charter A/P 49,337.17 Private A/P 146,692.51 Corporate A/P 233,797.05 Corporate A/P (allocated to Sunrise) (116,898.53) TesseracT Payroll 312,129.24 Charter Payroll 128,853.12 Medical Claims 27,275.16 Banking Fees 15,986.65 Voids (0.00) ------------ Daily Cash Out: $ 797,172.37 ------------ Net Cash In/Out: $ 164,056.29 ------------ ENDING FUNDS AVAILABLE: $ 655,666.04 ============ 8 THE TESSERACT GROUP, INC. CONSOLIDATED CASH FLOW ANALYSIS TOTAL FOR MARCH 2001 BEGINNING FUNDS AVAILABLE: $ 488,463.86 -------------- Cash In: Telecheck $ 195,932.73 Credit Card Deposit (Preschools) 509,917.70 Credit Card Deposit (Private) 84,078.41 Credit Card Deposit (Charter) 1,105.00 Regular Deposits (Preschools) 539,691.85 Regular Deposits (Private) 203,673.15 Regular Deposits (Charter) 17,100.38 Regular Deposits (Corporate) 257,390.08 Other Deposit (Charter) 237,105.42 Interest 733.84 Interest on LTC Acct 42.38 Sales of Assets 160,000.00 Voids 0.00 -------------- Daily Cash In: $ 2,206,770.94 Cash Out: Preschool A/P $ 483,074.04 Charter A/P 49,337.17 Private A/P 146,692.51 Corporate A/P 233,797.05 TesseracT Payroll 312,129.24 Preschool Payroll 461,132.21 Charter Payroll 128,853.12 College PR -- Preschool NSF 35,409.68 Medical Claims 27,275.16 Banking Fees 15,986.65 LTC Payment -- LTC Fees -- -------------- Daily Cash Out: $ 1,893,686.83 -------------- Net Cash In/Out: $ 313,084.11 -------------- ENDING FUNDS AVAILABLE: $ 801,547.97 -------------- 9 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 ------------ --------- ----------------- ---------- ------------ ---------- ------ 800050130 APS200000-B APS - 2907 3/27/01 OPERATING PMCHK00000062 $1,470.51 800050131 CAMCLA000-B CLAUDIA CAMACHO 3/27/01 OPERATING PMCHK00000062 $24.80 800050132 ATTAZ0000-B ATT-AZ 3/27/01 OPERATING PMCHK00000062 $100.47 800050133 CLS000000-B CLS/CLEANWAY 3/27/01 OPERATING PMCHK00000062 $292.92 800050134 HUNLIL000-B HUNT, LILLIAN 3/27/01 OPERATING PMCHK00000062 $43.40 800050135 IKOOFF003-B IKON OFFICE SOLUTIONS (CA) 3/27/01 OPERATING PMCHK00000062 $265.36 800050136 KP0LIM000-B KP LIMITED INC 3/27/01 OPERATING PMCHK00000062 $1,914.75 800050137 MESSW0000-B MESA SW MUSEUM 3/27/01 OPERATING PMCHK00000062 $100.00 800050138 TERINT000-B TERMINEX INTERNATIONAL 3/27/01 OPERATING PMCHK00000062 $52.00 800050139 THEREH000-B THERAPY REHABILITATION SERVICE 3/27/01 OPERATING PMCHK00000062 $3,150.00 800050140 U0CWIN000-B U-C WINDOW CLEANING 3/27/01 OPERATING PMCHK00000062 $243.81 800050394 MANLIF000-B MANULIFE FINNANCIAL 3/5/01 OPERATING PMCHK00000054 $344.21 800050395 AT&T78522-B AT&T - 78522 3/9/01 OPERATING PMCHK00000055 $231.54 800050396 ATHIN0000-B ATHLETES IN TRAINING 3/9/01 OPERATING PMCHK00000055 $3,600.00 800050397 ATHTRA001-B ATHLETES IN TRAINING-SOUTHERN 3/9/01 OPERATING PMCHK00000055 $1,320.00 800050398 ATTGA0000-B ATT-GA-277019 3/9/01 OPERATING PMCHK00000055 $2,265.67 800050399 CITPHOWAT-B CITY OF PHOENIX (WATER SVCS)29 3/9/01 OPERATING PMCHK00000055 $4.88 800050400 CITSIEVI2-B CITY OF SIERRA VISTA 3/9/01 OPERATING PMCHK00000055 $174.57 800050401 COUCHE000-B COURTESY CHEVROLET 3/9/01 OPERATING PMCHK00000055 $168.09 800050402 GALLDAN000-B DANOTA GALLAGHER 3/9/01 OPERATING PMCHK00000055 $381.00 800050403 HEAIMC000-B HEALTHSOUTH IMC INC-PHOENIX 3/9/01 OPERATING PMCHK00000055 $9.00 800050404 HUNLIL000-B HUNT, LILLIAN 3/9/01 OPERATING PMCHK00000055 $18.60 800050405 IKOOFF003-B IKON OFFICE SOLUTIONS (CA) 3/9/01 OPERATING PMCHK00000055 $1,373.03 800050406 LARNIC000-B NICOLE LARSON 3/9/01 OPERATING PMCHK00000055 $226.00 800050407 PBC000000-B PBCC 3/9/01 OPERATING PMCHK00000055 $166.96 800050408 RICDAW000-B RICHARDS, DAWN M. 3/9/01 OPERATING PMCHK00000055 $50.00 800050409 SECACC000-B SECURITY ACCESS SYSTEMS INC 3/9/01 OPERATING PMCHK00000055 $157.06 800050410 SOUGAS000-B SOUTHWEST GAS CORPORATION 3/9/01 OPERATING PMCHK00000055 $438.74 800050411 TERCOM000-B TERMINIX COMMERCIAL 3/9/01 OPERATING PMCHK00000055 $659.00 800050412 THUMOU000-B THUNDER MOUNTAIN CLEANING SERV 3/9/01 OPERATING PMCHK00000055 $2,575.60 800050413 TOUAME000-B TOUCH AMERICA 3/9/01 OPERATING PMCHK00000055 $46.89 800050414 US0WES003-B US WEST COMMUNICATIONS-29060 3/9/01 OPERATING PMCHK00000055 $409.33 800050415 CITPHXPLN-B CITY OF PHOENIX - DSD 3/12/01 OPERATING PMCHK00000056 $877.05 800050416 MANLIF000-B MANULIFE FINNANCIAL 3/15/01 OPERATING PMCHK00000057 $2,757.42 800050418 COCLOC000-B COCHISE LOCK & SAFE 3/16/01 OPERATING PMCHK00000058 $55.50 800050419 PAIPAR000-B PAINTING IN THE PARK 3/16/01 OPERATING PMCHK00000058 $147.00 800050420 PHOZOO000-B PHOENIX ZOO-ZOO ADVENTURE 3/16/01 OPERATING PMCHK00000058 $112.50 800050421 PROOFF000-B PRO OFFICE EQUIPMENT, INC. 3/16/01 OPERATING PMCHK00000058 $159.67 800050422 WILWOR000-B WILDLIFE WORLD ZOO 3/16/01 OPERATING PMCHK00000058 $6.00 800050423 CAMCLA000-B CLAUDIA CAMACHO 3/20/01 OPERATING PMCHK00000059 $31.00 800050424 CITPHOWAT-B CITY OF PHOENIX (WATER SVCS)29 3/20/01 OPERATING PMCHK00000059 $254.82 800050425 PROONE000-B PROTECTION ONE - AZ 3/20/01 OPERATING PMCHK00000059 $141.19 800050426 SCHJAC000-B SCHMIDT, JACKIE 3/20/01 OPERATING PMCHK00000059 $338.84 800050427 WASMAN001-B WASTE MANAGEMENT OF ARIZONA 3/20/01 OPERATING PMCHK00000059 $222.44 800050428 WELFAR001-B WELLS FARGO FIN/HUGHES CALIHAN 3/20/01 OPERATING PMCHK00000059 $406.75 800050431 FRYPAU000-B PAULA FRY 3/21/01 OPERATING PMCHK00000061 $498.00 800050443 ACCENT000-B ACCENT ENTERTAINMENT 3/28/01 OPERATING PMCHK00000063 $390.00 800050444 ACCENT000-B ACCENT ENTERTAINMENT 3/28/01 OPERATING PMCHK00000063 $425.00 800050445 PAIPAR000-B PAINTING IN THE PARK 3/29/01 OPERATING PMCHK00000064 $276.00 800050446 MANLIF000-B MANULIFE FINNANCIAL 3/29/01 OPERATING PMCHK00000065 $314.21 800050447 FIRWES000 FIRST WEST PROPERTIES 3/30/01 OPERATING PMCHK00000066 $19,393.59 ---------- Total Checks: 51 Total Amount of Checks: $49,085.17 ==========
10 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 ------------ --------- ----------------- ---------- ------------ ---------- ------ 200012588 LYN000000-B LYNCH,MICHAEL 3/1/01 OPERATING2 PMCHK00000198 $222.97 200012589 MOOBRI000-B MOORE, BRIAN 3/2/01 OPERATING2 PMCHK00000199 $950.22 200012590 SPA000000-B SPATARO,LUCIAN 3/5/01 OPERATING2 PMCHK00000200 $345.91 200012591 BONJAM000-B JAMES BONFIGLIO 3/5/01 OPERATING2 PMCHK00000201 $16,593.75 200012592 NES000000-B NESTER,ELAINE 3/5/01 OPERATING2 PMCHK00000202 $1,000.00 200012593 CIGEMP000-B CIGNA EMPLOYEE BENE-PPO 3/6/01 OPERATING2 PMCHK00000203 $12,903.88 200012594 CONGEN000-B CONNECTICUT GENERAL LIFE 3/6/01 OPERATING2 PMCHK00000203 $48,543.19 200012595 CONGENLIF-B CONNECTICUT GENERAL LIFE-DENT 3/6/01 OPERATING2 PMCHK00000203 $5,176.12 200012597 ADAROA000-B ADAM ROACH 3/9/01 OPERATING2 PMCHK00000204 $420.00 200012598 ALLFOO009-B ALLIANT FOODSERVICE - MN 3/9/01 OPERATING2 PMCHK00000204 $312.79 200012599 AMEPRI000-B AMERIPRIDE LINEN AND APPAREL 3/9/01 OPERATING2 PMCHK00000204 $24.34 2000126 MAN FIN000-B MANULIFE FINANCIAL 3/13/01 OPERATING2 PMCHK00000207 $4,543.84 200012600 AMESTU000-B AMERICAN STUDENT TRANSPORTATIO 3/9/01 OPERATING2 PMCHK00000204 $247.50 200012601 APS200000-B APS - 2907 3/9/01 OPERATING2 PMCHK00000204 $4,695.22 200012602 AT&T78522-B AT&T - 78225 3/9/01 OPERATING2 PMCHK00000204 $18.63 200012603 CITSCOUTI-B CITY OF SCOTTSDALE-UTILITIES 3/9/01 OPERATING2 PMCHK00000204 $193.69 200012604 CULWAT000-B CULLIGAN WATER COND 3/9/01 OPERATING2 PMCHK00000204 $51.46 200012605 HUE000000-B HUEBSCH 3/9/01 OPERATING2 PMCHK00000204 $428.40 200012607 JL0HAM000-B JL HAMMETT CO- NO 3/9/01 OPERATING2 PMCHK00000204 $86.05 200012608 KP0LIM000-B KP LIMITED INC 3/9/01 OPERATING2 PMCHK00000204 $430.58 200012609 KUP000000-B KUPPER,KATHLEEN 3/9/01 OPERATING2 PMCHK00000204 $2,592.00 200012610 MINMOT000-B MINNESOTA MOTOR VEHICLE 3/9/01 OPERATING2 PMCHK00000204 $123.50 200012611 NES000000-B NESTER,ELAINE 3/9/01 OPERATING2 PMCHK00000204 $74.11 200012612 NORSTA000-B NORTHERN STATES POWER 3/9/01 OPERATING2 PMCHK00000204 $136.94 200012613 PARWAS000-B PARADISE WASTE SERVICES 3/9/01 OPERATING2 PMCHK00000204 $184.73 200012614 PITBOW000-B 856 PITNEY BOWES INC 3/9/01 OPERATING2 PMCHK00000204 $218.33 200012615 PURPOW000-B PURCHASE POWER 3/9/01 OPERATING2 PMCHK00000204 $133.64 200012616 SHAFOO000-B SHAMROCK FOODS COMPANY 3/9/01 OPERATING2 PMCHK00000204 $120.43 200012617 STO000000-B STONE,LONN 3/9/01 OPERATING2 PMCHK00000204 $30.02 200012619 TOPCUT000-B TOP CUT SEASONAL CARE CO 3/9/01 OPERATING2 PMCHK00000204 $1,379.69 200012620 TOUPLA000-B TOURNAMENT PLAYERS CLUB 3/9/01 OPERATING2 PMCHK00000204 $1,800.00 200012621 TRINEW000-B TRIBUNE NEWSPAPERS 3/9/01 OPERATING2 PMCHK00000204 $8.28 200012622 UNIMAR000-B UNITED MARTIAL ARTS OF PHOENIX 3/9/01 OPERATING2 PMCHK00000204 $42.50 200012623 UNISTA000-B UNITED STATES POSTAL SERVICE 3/9/01 OPERATING2 PMCHK00000204 $1,000.00 200012624 US0WES003-B US WEST COMMUNICATIONS-29060 3/9/01 OPERATING2 PMCHK00000204 $893.29 200012625 VANPAP000-B VAN PAPER COMPANY 3/9/01 OPERATING2 PMCHK00000204 $466.42 200012626 WASMAN002-B WASTE MANAGEMENT-SAVAGE MN 3/9/01 OPERATING2 PMCHK00000204 $493.23 200012627 WESINN000-B WESTERN INNOVATIONS INC 3/9/01 OPERATING2 PMCHK00000204 $1,900.00 200012628 ARC000000-B ARC 3/9/01 OPERATING2 PMCHK00000205 $3,277.99 200012629 CHEUSA000-B CHEVRON USA INC 3/9/01 OPERATING2 PMCHK00000205 $5,314.99 200012630 CIGEMP000-B CIGNA EMPLOYEE BENE-PPO 3/9/01 OPERATING2 PMCHK00000205 $4,266.73 200012631 CONGEN000-B CONNECTICUT GENERAL LIFE 3/9/01 OPERATING2 PMCHK00000205 $16,051.02 200012632 CONGENLIF-B CONNECTICUT GENERAL LIFE-DENT 3/9/01 OPERATING2 PMCHK00000205 $435.51 200012633 DOCTEC000-B DOCUMENT TECHNOLOGIES 3/9/01 OPERATING2 PMCHK00000205 $3,626.86 200012634 FEDEXP000-B FEDERAL EXPRESS 3/9/01 OPERATING2 PMCHK00000205 $1,102.47 200012635 HEAIMC000-B HEALTHSOUTH IMC INC-PHOENIX 3/9/01 OPERATING2 PMCHK00000205 $106.50 200012636 IKOOFF003-B IKON OFFICE SOLUTIONS (CA) 3/9/01 OPERATING2 PMCHK00000205 $733.91 200012637 JETCON000-B JET CONNECTION 3/9/01 OPERATING2 PMCHK00000205 $190.00 200012638 KEYDAT000-B KEY DATA SYSTEMS 3/9/01 OPERATING2 PMCHK00000205 $304.41 200012639 KP0LIM000-B KP LIMITED INC 3/9/01 OPERATING2 PMCHK00000205 $119.33 200012640 PURPOW000-B PURCHASE POWER 3/9/01 OPERATING2 PMCHK00000205 $27.82 200012641 RIVJUD000-B JUDI RIVERA 3/9/01 OPERATING2 PMCHK00000205 $14.72 200012642 SIESPR000-B SIERRA SPRINGS 3/9/01 OPERATING2 PMCHK00000205 $37.30 200012643 SPEINC000-B SPECTERA, INC. 3/9/01 OPERATING2 PMCHK00000205 $1,483.20 200012644 US0BAN000-B US BANK NATIONAL ASSOCIAT-401K 3/9/01 OPERATING2 PMCHK00000205 $1,662.14 200012645 US0WES003-B US WEST COMMUNICATIONS-29060 3/9/01 OPERATING2 PMCHK00000205 $998.19 200012646 WELFAR003-B WELLS FARGO (MN) 3/9/01 OPERATING2 PMCHK00000205 $780.09 200012647 LYN000000-B LYNCH,MICHAEL 3/9/01 OPERATING2 PMCHK00000206 $164.90 200012653 CON000000-B CONCENTRA 3/13/01 OPERATING2 PMCHK00000208 $344.54 200012654 MUTOMA000-B MUTUAL OF OMAHA 3/13/01 OPERATING2 PMCHK00000208 $1,289.21 200012655 SPEINC000-B SPECTERA, INC. 3/13/01 OPERATING2 PMCHK00000208 $1,911.60 200012656 LILJ.0000-B LILYQUIST, J. GARY 3/14/01 OPERATING2 PMCHK00000209 $191.78 200012657 SHE000000-B SHEARER,DAN 3/14/01 OPERATING2 PMCHK00000209 $268.60 200012658 SNELDO000-B DOUG SNELL 3/14/01 OPERATING2 PMCHK00000209 $112.13 200012659 ARC000000-B ARC 3/14/01 OPERATING2 PMCHK00000210 $1,178.70 200012660 IOSCAP-GA-B IOS CAPITAL-GA 3/14/01 OPERATING2 PMCHK00000210 $3,680.24 200012661 LYN000000-B LYNCH,MICHAEL 3/15/01 OPERATING2 PMCHK00000211 $165.76
11 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 ------------ --------- ----------------- ---------- ------------ ---------- ------ 200012662 MAN FIN000-B MANULIFE FINANCIAL 3/15/01 OPERATING2 PMCHK00000211 $4,327.26 200012663 BONJAM000-B JAMES BONFIGLIO 3/16/01 OPERATING2 PMCHK00000212 $13,443.75 200012665 CAVBRY000-B BRYAN CAVE LLP 3/19/01 OPERATING2 PMCHK00000213 $46,000.00 200012666 AICRED000-B A.I. CREDIT CORP. 3/20/01 OPERATING2 PMCHK00000214 $11,055.99 200012667 ENGBER000-B ENGELMAN BERGER,P.C. 3/20/01 OPERATING2 PMCHK00000214 $963.90 200012668 FEDEXP000-B FEDERAL EXPRESS 3/20/01 OPERATING2 PMCHK00000214 $296.66 200012669 IKOOFF003-B IKON OFFICE SOLUTIONS (CA) 3/20/01 OPERATING2 PMCHK00000214 $114.14 200012670 IMPFIN000-B IMPERIAL FINANCIAL PRINTING 3/20/01 OPERATING2 PMCHK00000214 $316.50 200012671 LYN000000-B LYNCH,MICHAEL 3/20/01 OPERATING2 PMCHK00000214 $531.84 200012672 ALLFOO009-B ALLIANT FOODSERVICE - MN 3/20/01 OPERATING2 PMCHK00000215 $388.23 200012673 AMELIN000-B AMERIPRIDE LINEN AND APPAREL 3/20/01 OPERATING2 PMCHK00000215 $46.19 200012674 AMEPRI000-B AMERIPRIDE LINEN AND APPAREL 3/20/01 OPERATING2 PMCHK00000215 $21.63 200012675 BARDAV000 DAVID BARTON 3/20/01 OPERATING2 PMCHK00000215 $180.00 200012677 DANKID000-B DANCERCISE KIDS 3/20/01 OPERATING2 PMCHK00000215 $436.00 200012678 FOS000000-B FOSTER,REBECCA 3/20/01 OPERATING2 PMCHK00000215 $42.47 200012679 GIBWIL000-B WILLIAM GIBBS 3/20/01 OPERATING2 PMCHK00000215 $4,534.89 200012680 IKOOFF003-B IKON OFFICE SOLUTIONS (CA) 3/20/01 OPERATING2 PMCHK00000215 $155.46 200012681 LABBAR000-B BARTON LABELLE 3/20/01 OPERATING2 PMCHK00000215 $1,493.13 200012682 LUCGER000-B GERALD LUCAS 3/20/01 OPERATING2 PMCHK00000215 $4,050.70 200012683 PITBOW000-B PITNEY BOWES CREDIT CORP-85646 3/20/01 OPERATING2 PMCHK00000215 $80.56 200012684 PITBOW001-B PITNEY BOWES-85390 3/20/01 OPERATING2 PMCHK00000215 $220.38 200012685 SHAFOO000-B SHAMROCK FOODS COMPANY 3/20/01 OPERATING2 PMCHK00000215 $54.74 200012686 SPEELL000-B SCOTT SPEAR 3/20/01 OPERATING2 PMCHK00000215 $3,383.95 200012687 STECUR000-B CURTIS STEWART 3/20/01 OPERATING2 PMCHK00000215 $1,377.76 200012688 TESAPR000-B APRYL TESCH #140 3/20/01 OPERATING2 PMCHK00000215 $372.02 200012689 THOTAB000-B TABETHA THOENY 3/20/01 OPERATING2 PMCHK00000215 $250.00 200012690 US0WES003-B US WEST COMMUNICATIONS-29060 3/20/01 OPERATING2 PMCHK00000215 $313.24 200012691 VANPAP000-B VAN PAPER COMPANY 3/20/01 OPERATING2 PMCHK00000215 $154.16 200012692 CHEUSA000-B CHEVRON USA INC 3/20/01 OPERATING2 PMCHK00000216 $210.00 200012693 COUCHE000-B COURTESY CHEVROLET 3/20/01 OPERATING2 PMCHK00000216 $767.00 200012694 EMPUNI000-B EMPLOYERS UNITIY INC 3/22/01 OPERATING2 PMCHK00000217 $643.75 200012695 MAN FIN000-B MANULIFE FINANCIAL 3/22/01 OPERATING2 PMCHK00000217 $4,347.59 200012696 AT&T78522-B AT&T - 78225 3/26/01 OPERATING2 PMCHK00000218 $340.27 200012697 ALLFOO009-B ALLIANT FOODSERVICE - MN 3/26/01 OPERATING2 PMCHK00000218 $663.78 200012698 BENARI000-B BEN-DOR, ARIELA 3/26/01 OPERATING2 PMCHK00000218 $1,264.00 200012699 BUGBUS000-B BUG BUSTERS, INC. 3/26/01 OPERATING2 PMCHK00000218 $58.58 2000127 MUTOMA000-B MUTUAL OF OMAHA 3/13/01 OPERATING2 PMCHK00000207 $4,424.70 200012700 CITSCOUTI-B CITY OF SCOTTSDALE-UTILITIES 3/26/01 OPERATING2 PMCHK00000218 $782.65 200012701 CON000000-B CONCENTRA 3/26/01 OPERATING2 PMCHK00000218 $35.00 200012702 CULWAT000-B CULLIGAN WATER COND 3/26/01 OPERATING2 PMCHK00000218 $140.55 200012703 GRELEA000-B GREATAMERICA LEASING CORP 3/26/01 OPERATING2 PMCHK00000218 $776.52 200012704 PEONAT000-B PEOPLES NATURAL GAS 3/26/01 OPERATING2 PMCHK00000218 $1,358.13 200012705 IKOOFF000-B IKON OFFICE SOLUTIONS - IL 3/26/01 OPERATING2 PMCHK00000218 $449.58 200012706 IKOOFF003-B IKON OFFICE SOLUTIONS (CA) 3/26/01 OPERATING2 PMCHK00000218 $525.14 200012707 KP0LIM000-B KP LIMITED INC 3/26/01 OPERATING2 PMCHK00000218 $5,626.89 200012708 LA0PRE000-B LA PRENSA 3/26/01 OPERATING2 PMCHK00000218 $37.50 200012709 NES000000-B NESTER,ELAINE 3/26/01 OPERATING2 PMCHK00000218 $180.16 200012710 TNTCLE000-B TNT CLEANING 3/26/01 OPERATING2 PMCHK00000218 $3,270.00 200012711 U0CWIN000-B U-C WINDOW CLEANING 3/26/01 OPERATING2 PMCHK00000218 $300.00 200012712 US0WES003-B US WEST COMMUNICATIONS-29060 3/26/01 OPERATING2 PMCHK00000218 $2,202.89 200012713 FEDEXP000-B FEDERAL EXPRESS 3/27/01 OPERATING2 PMCHK00000219 $151.06 200012714 IKOOFF001-B IKON OFFICE SOLUTION (AZ) 3/27/01 OPERATING2 PMCHK00000219 $427.85 200012715 IKOOFF001-B IKON OFFICE SOLUTION (AZ) 3/27/01 OPERATING2 PMCHK00000219 $297.74 200012716 KP0LIM000-B KP LIMITED INC 3/27/01 OPERATING2 PMCHK00000219 $530.67 200012717 LEWLIN000-B LINDA LEWERS 3/27/01 OPERATING2 PMCHK00000219 $75.00 200012718 LUE000000-B LUETHMERS,JACKI 3/27/01 OPERATING2 PMCHK00000219 $21.08 200012719 PBC000000-B PBCC 3/27/01 OPERATING2 PMCHK00000219 $127.55 200012720 US0WES003-B US WEST COMMUNICATIONS-29060 3/27/01 OPERATING2 PMCHK00000219 $801.72 200012722 UNIPAR000-B UNITED PARCEL SERVICE-UPS 3/27/01 OPERATING2 PMCHK00000219 $98.81 200012723 LYN000000-B LYNCH,MICHAEL 3/27/01 OPERATING2 PMCHK00000220 $1,112.56 200012724 NOBSCH000-B NOBEL SCHOOL MGMT SVC 3/27/01 OPERATING2 PMCHK00000220 $7,965.00 200012725 STAFUN000-B STATE FUND COMPENSATION 3/29/01 OPERATING2 PMCHK00000221 $5,679.00 200012726 ARC000000-B ARC 3/29/01 OPERATING2 PMCHK00000221 $881.37 200012727 ARC000000-B ARC 3/29/01 OPERATING2 PMCHK00000221 $377.72 200012758 WELBAN000-B WELLS FARGO BANK 3/30/01 OPERATING2 PMPAY00000016 $80,000.00 ----------- Total Checks: 132 Total Amount of Checks: $380,183.65 ===========
12