EX-99.1 2 ex99-1.txt MONTHLY OPERATING RPT 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 MAY ) 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/ Michael Lynch 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 ---------------------------------------- ---------- 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: APRIL 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 -- 313,259.56 -- -- -- 248,111.21 RECEIPTS STUDENT FEES 1,365,769.10 216,966.61 CHARTER SCHOOL REVENUE -- ACCOUNTS RECEIVABLE -- INTEREST 8.10 SALE OF ASSETS TRANSFERS IN FROM OTHER ACCOUNTS 1,549,714.89 -- 834,609.81 147,627.68 -- OTHER (ATTACH LIST) TOTAL RECEIPTS 1,365,769.10 1,766,689.60 -- 834,609.81 147,627.68 -- DISBURSEMENTS BUSINESS - ORDINARY OPERATIONS -- 19,083.82 -- 373,161.69 84,737.22 32,301.93 CAPITAL IMPROVEMENTS PRE-PETITION DEBT TRANSFERS TO OTHER DIP ACCOUNTS 1,365,769.10 982,237.49 183,945.79 PAYMENTS MADE FOR SUNRISE EDU. 701,748.38 461,448.12 63,293.20 OTHER (VOIDS) (402.74) REORGANIZATION EXPENSES: ATTORNEY FEES ACCOUNTANT FEES OTHER PROFESSIONAL FEES U.S. TRUSTEE QUARTERLY FEE COURT COSTS TOTAL DISBURSEMENTS 1,365,769.10 1,703,069.69 -- 834,609.81 147,627.68 216,247.72 ------------- ------------- ------------- ------------- ------------- ------------- ACCOUNT BALANCE - END OF MONTH -- 376,879.47 -- -- -- 31,863.49 ============= ============= ============= ============= ============= ============= 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 -- -- 416,026.87 -- 977,397.64 RECEIPTS STUDENT FEES 1,582,735.71 CHARTER SCHOOL REVENUE -- ACCOUNTS RECEIVABLE -- INTEREST 607.03 615.13 SALE OF ASSETS -- -- TRANSFERS IN FROM OTHER ACCOUNTS 2,531,952.38 OTHER (ATTACH LIST) -- TOTAL RECEIPTS -- -- 607.03 -- 4,115,303.22 DISBURSEMENTS BUSINESS - ORDINARY OPERATIONS 509,284.66 CAPITAL IMPROVEMENTS -- PRE-PETITION DEBT -- TRANSFERS TO OTHER DIP ACCOUNTS -- 2,531,952.38 PAYMENTS MADE FOR SUNRISE EDU. 1,226,489.70 OTHER (VOIDS) (402.74) REORGANIZATION EXPENSES: ATTORNEY FEES -- ACCOUNTANT FEES -- OTHER PROFESSIONAL FEES -- U.S. TRUSTEE QUARTERLY FEE -- COURT COSTS -- TOTAL DISBURSEMENTS -- -- -- -- 4,267,324.00 ------------- -------------- ------------- ---------------- ---------------- ACCOUNT BALANCE - END OF MONTH -- -- 416,633.90 -- 825,376.86 ============= ============== ============= ================ ================ THE FOLLOWING SECTION MUST BE FILLED OUT DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: TOTAL DISBURSEMENTS FROM ABOVE 4,267,324.00 LESS: TRANSFERS OUT TO OTHER DIP ACCOUNTS (2,531,952.38) LESS: PAYMENTS MADE FOR SUNRISE EDUCATIONAL SERVICES, INC. (1,226,489.70) PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. PAYMENTS FROM ESCROW OR 2-PARTY CHECKS) ---------------- TOTAL DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: 508,881.92 ================
2 The Tesseract Group (excl. Sunrise) Statement of Operations For the Month Ending May 31, 2001 REVENUE Tuition and Fees Revenue $ 211,102.83 Charter Revenue -- Transportation Revenue 1,310.52 Food Revenue 6,799.30 Refunds/Returns 22.50 Discounts (2,493.46) -------------- Total Revenue 216,741.69 -------------- OPERATIONAL COSTS Salaries and Wages 345,972.37 Taxes and Benefits 25,685.82 Classroom Expenses 8,490.34 Food Programs Expense 172.74 Transportation Expenses 264.37 Maintenance Expense 6,609.16 Insurance Expense 5,968.55 Internet Expense -- Rent Expense 35,447.80 Security Services Expense -- Personal Property Tax Expense -- Real Property Tax Expense -- Utilities Expense 12,340.67 -------------- Total Operational Costs 440,951.82 -------------- GENERAL & ADMINISTRATIVE COSTS Advertising, Mktg, Promo Exp -- Audit & Tax Expense -- Bad Debt Expense 35,421.76 Bank Charges/Processing Fees-A 1,038.30 Computer/Technology Expense 539.44 Consultant Fees Expense 2,867.37 Investor Relations Expense -- Licenses & Fees Expense -- Office/School Supplies Expense 1,512.53 Penalties & Late Fees Expense -- Postage and Printing Expense 1,032.30 Pre-Employment Expense -- Telephone Expense 3,919.35 Travel Expense 24.80 Closed School Expense -- Corporate Overhead 101,301.35 Corporate Overhead Allocated to Sunrise (50,651.00) Other Expenses 228.00 -------------- Total General and Administrative Expenses 97,234.20 -------------- Gain/Loss on Sales of Fixed Assets (1,184,816.33) Other Income 1,327.50 Interest Expense (83,429.20) -------------- Net Interest and Other Income (Expense) (1,266,918.03) -------------- Depreciation Expense 32,398.89 -------------- Total Depreciation and Amortization 32,398.89 -------------- REORGANIZATION EXPENSES Professional Fees 75,600.70 Professional Fees Allocated to Sunrise (37,800.00) -------------- Total Reorganization Expenses 37,800.70 -------------- Net Income $(1,658,561.95) ============== 3 The Tesseract Group (excl. Sunrise) Balance Sheet May 31, 2001 ASSETS Current Assets Cash and Cash Equivalents $ 854,171.96 Accounts Receivable, net 31,649.83 Note Receivable from Nobel -- Prepaid Rent 46,615.40 Other Prepaid Expenses 481,273.83 -------------- Total Current Assets 1,413,711.02 Investment in Sunrise 18,971,824.26 Property and Equipment, net 1,165,707.30 Deposits and Other Assets 1,468,274.57 -------------- Total Assets $23,019,517.15 ============== LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts Payable $ 27,886.02 Accrued Payroll and Benefits 1,073,147.89 Accrued Payroll Taxes 56,763.92 Deferred Revenue and Tuition Deposits 884,555.74 -------------- Total Current Liabilities 2,042,353.57 -------------- Pre-Petition Liabilities Line of Credit 5,848,822.65 Accounts Payable 3,989,147.04 Other Unsecured Notes Payable 865,500.00 Other Current Liabilities 4,253,204.07 Long-Term Debt 1,706,296.23 -------------- Total Pre-Petition Liabilities 16,662,969.99 -------------- Due to Sunrise 1,006,524.55 Reserve for Closed Schools 504,099.10 Other Long-Term Obligations 13,999.76 -------------- Total Long-Term Liabilities 1,524,623.41 -------------- Total Liabilities 20,229,946.97 -------------- Shareholders' Equity Pre-Petition Shareholders' Equity 5,315,207.40 Post Petition Retained Deficit (2,525,637.22) -------------- Total Shareholders' Equity 2,789,570.18 -------------- Total Liabilities and Shareholders' Equity $23,019,517.15 ============== 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 37,471 8,156 2,325 26,990 LESS: AMOUNT CONSIDERED UNCOLLECTIBLE 5,821 5,821 ACCOUNTS RECEIVABLE (NET) 31,650 8,156 2,325 21,169 SCHEDULED CURRENT FIXED ASSETS AMOUNT ADDITIONS DELETIONS AMOUNT ------------ ------ --------- --------- ------ REAL PROPERTY 1,867,408 1,867,408 (0) BUILDING IMPROVEMENTS/PLANT 846,395 16,066 623,967 238,494 ACCUMULATED DEPRECIATION (136,823) (33,112) (125,795) (44,140) NET BUILDINGS/PLANT 709,573 (17,047) 498,172 194,354 EQUIPMENT 5,466,149 11,637 3,682,927 1,794,858 ACCUMULATED DEPRECIATION (2,404,930) (533,426) (2,125,290) (813,067) NET EQUIPMENT 3,061,218 (521,789) 1,557,637 981,792 AUTOS & VEHICLES 557,586 475,108 82,478 ACCUMULATED DEPRECIATION (259,791) (65,272) (232,148) (92,915) NET AUTOS & VEHICLES 297,795 (65,272) 242,960 (10,437) NOTE: Reduction in assets due to sale of Scottsdale, 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 27,886 13,951 -- 6,455 7,480 TAXES PAYABLE 56,764 56,764 ACCRUED SALARIES AND BENEFITS 1,073,148 1,073,148 PREPAID TUITION AND DEPOSITS 884,556 884,556 SECURED DEBT OTHER (ATTACH LIST) --------- --------- ----- ----- ------ TOTAL POST-PETITION LIABILITIES 2,042,354 2,028,419 -- 6,455 7,480 ========= ========= ===== ===== ====== 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 17,784.47 122,473.56 Gary Lilyquist Wages and Exp. Reimbursement -- 80,239.99 ---------- ----------- TOTAL PAYMENTS TO INSIDERS 17,784.47 353,848.34 ========== =========== PROFESSIONALS DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID ---- ------- -------- ---- ------- -------- Bryan Cave 0 0 47,759.54 Engleman & Berger, PC 4,032.16 4,032.16 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: 210 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 May 2001 ------------- BEGINNING FUNDS AVAILABLE: $ 977,397.64 ------------- Cash In: Telecheck $ 216,966.61 Credit Card Deposit (Preschools) 548,180.36 Credit Card Deposit (Private) 8,132.49 Credit Card Deposit (Charter) 260.00 Regular Deposits (Preschools) 440,940.78 Regular Deposits (Private) 31,565.08 Regular Deposits (Charter) 20,989.99 Regular Deposits (Corporate) 322,063.05 Other Deposit (Charter) -- Interest 615.13 Interest on LTC Acct -- Voids 402.74 ------------- Daily Cash In: $1,590,116.23 ============= Cash Out: Preschool A/P $ 701,748.38 Charter A/P 32,301.93 Private A/P 21,444.02 Corporate A/P 126,586.39 TesseracT Payroll 267,333.39 Preschool Payroll 461,448.12 Charter Payroll 105,828.30 College PR -- Preschool NSF 6,362.65 Medical Claims -- Banking Fees 19,083.82 LTC Payment -- LTC Fees -- ------------- Daily Cash Out: $1,742,137.00 ============= Net Cash In/Out: $ (152,020.77) ------------- ENDING FUNDS AVAILABLE: $ 825,376.87 ============= 8 THE TESSERACT GROUP, INC. CASH FLOW ANALYSIS B-00-10938-ECF-RTB BEGINNING FUNDS AVAILABLE: $ 776,857.01 ------------ Cash In: Credit Card Deposit (Private) 8,132.49 Credit Card Deposit (Charter) 260.00 Regular Deposits (Private) 31,565.08 Regular Deposits (Charter) 20,989.99 Regular Deposits (Corporate) 322,063.05 Other Deposit (Charter) -- Interest 615.13 ------------ Daily Cash In: $ 383,625.74 ============ Cash Out: Charter A/P 32,301.93 Private A/P 21,444.02 Corporate A/P 126,586.39 Corporate A/P (allocated to Sunrise) (63,293.20) TesseracT Payroll 267,333.39 Charter Payroll 105,828.30 Medical Claims -- Banking Fees 19,083.82 LTC Payment -- Voids (402.74) ------------ Daily Cash Out: $ 508,881.91 ============ Net Cash In/Out: $(125,256.17) ------------ ENDING FUNDS AVAILABLE: $ 651,600.84 ============ 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 ------------ --------- ----------------- ---------- ------------ ---------- ------ 200012820 LYN000000-B LYNCH,MICHAEL 5/1/2001 OPERATING2 PMCHK00000244 $1,640.00 200012821 SHE000000-B SHEARER,DAN 5/3/2001 OPERATING2 PMCHK00000245 $200.00 200012822 BONJAM000-B JAMES BONFIGLIO 5/7/2001 OPERATING2 PMCHK00000246 $4,275.00 200012823 ALLFOO001-B ALLIANT FOODSERVICE - AZ 5/7/2001 OPERATING2 PMCHK00000247 $24.19 200012824 APS200000-B APS - 2907 5/7/2001 OPERATING2 PMCHK00000247 $4,402.34 200012825 AT&T78522-B AT&T - 78225 5/7/2001 OPERATING2 PMCHK00000247 $23.54 200012826 ATTGA0000-B ATT-GA-277019 5/7/2001 OPERATING2 PMCHK00000247 $752.40 200012827 BAPVER000-B VERLENE BAPTISTO 5/7/2001 OPERATING2 PMCHK00000247 $272.50 200012828 COUCHE000-B COURTESY CHEVROLET 5/7/2001 OPERATING2 PMCHK00000247 $396.95 200012829 DEBLOU000-B LOUIE DE BRUSK 5/7/2001 OPERATING2 PMCHK00000247 $250.00 200012830 MCKDAV000-B DAVID MC KEE 5/7/2001 OPERATING2 PMCHK00000247 $1,660.00 200012831 SHAFOO000-B SHAMROCK FOODS COMPANY 5/7/2001 OPERATING2 PMCHK00000247 $179.42 200012832 US0WES003-B US WEST COMMUNICATIONS-29060 5/7/2001 OPERATING2 PMCHK00000247 $45.64 200012833 WESINN000-B WESTERN INNOVATIONS INC 5/7/2001 OPERATING2 PMCHK00000247 $1,900.00 200012834 FEDEXP000-B FEDERAL EXPRESS 5/7/2001 OPERATING2 PMCHK00000248 $354.80 200012835 AT&TPHO00-B AT&T PHOENIX-78225 5/7/2001 OPERATING2 PMCHK00000248 $44.55 200012836 Q0MINC000-B Q-MATRIX INC 5/7/2001 OPERATING2 PMCHK00000248 $2,170.72 200012837 US0WES003-B US WEST COMMUNICATIONS-29060 5/7/2001 OPERATING2 PMCHK00000248 $4,468.38 200012838 WELFAR003-B WELLS FARGO (MN) 5/7/2001 OPERATING2 PMCHK00000248 $707.08 200012839 AICRED000-B A.I. CREDIT CORP. 5/7/2001 OPERATING2 PMCHK00000248 $10,529.51 200012840 DOCTEC000-B DOCUMENT TECHNOLOGIES 5/7/2001 OPERATING2 PMCHK00000248 $3,624.20 200012841 US0WES003-B US WEST COMMUNICATIONS-29060 5/7/2001 OPERATING2 PMCHK00000248 $123.97 200012842 MAN FIN000-B MANULIFE FINANCIAL 5/7/2001 OPERATING2 PMCHK00000248 $3,750.74 200012843 MOOBRI000-B MOORE, BRIAN 5/7/2001 OPERATING2 PMCHK00000248 $304.19 200012844 RIVJUD000-B JUDI RIVERA 5/7/2001 OPERATING2 PMCHK00000248 $20.74 200012845 IMPFIN000-B IMPERIAL FINANCIAL PRINTING 5/8/2001 OPERATING2 PMCHK00000249 $184.00 200012846 ARC000000-B ARC 5/8/2001 OPERATING2 PMCHK00000250 $618.63 200012847 FRYFOO000-B FRY'S FOOD STORES 5/8/2001 OPERATING2 PMCHK00000250 $137.33 200012848 MOOBRI000-B MOORE, BRIAN 5/8/2001 OPERATING2 PMCHK00000250 $150.46 200012849 LYN000000-B LYNCH,MICHAEL 5/10/2001 OPERATING2 PMCHK00000251 $547.95 200012850 ALL&PR000-B ALLEN & PRICE PLC 5/15/2001 OPERATING2 PMCHK00000252 $285.00 200012851 FEDEXP000-B FEDERAL EXPRESS 5/15/2001 OPERATING2 PMCHK00000252 $121.04 200012852 GECAP0003-B GE CAPITAL 5/15/2001 OPERATING2 PMCHK00000252 $177.24 200012853 KEYDAT000-B KEY DATA SYSTEMS 5/15/2001 OPERATING2 PMCHK00000252 $301.90 200012854 US0WES003-B US WEST COMMUNICATIONS-29060 5/15/2001 OPERATING2 PMCHK00000252 $380.60 200012855 ADAROA000-B ADAM ROACH 5/15/2001 OPERATING2 PMCHK00000253 $600.00 200012856 AMELIN000-B AMERIPRIDE LINEN AND APPAREL 5/15/2001 OPERATING2 PMCHK00000253 $26.20 200012857 FARRAU000-B RAUL FARFAN 5/15/2001 OPERATING2 PMCHK00000253 $915.00 200012858 NICDOU000-B DOUGLAS NICHOLAS 5/15/2001 OPERATING2 PMCHK00000253 $765.42 200012859 PROONE000-B PROTECTION ONE - AZ 5/15/2001 OPERATING2 PMCHK00000253 $84.79 200012860 SHAFOO000-B SHAMROCK FOODS COMPANY 5/15/2001 OPERATING2 PMCHK00000253 $114.11 200012861 US0WES003-B US WEST COMMUNICATIONS-29060 5/15/2001 OPERATING2 PMCHK00000253 $557.15 200012862 ENGBER000-B ENGELMAN BERGER,P.C. 5/16/2001 OPERATING2 PMCHK00000254 $4,032.16 200012863 CIGEMP000-B CIGNA EMPLOYEE BENE-PPO 5/18/2001 OPERATING2 PMCHK00000255 $2,306.90 200012864 CONGEN000-B CONNECTICUT GENERAL LIFE 5/18/2001 OPERATING2 PMCHK00000255 $43,733.58 200012865 CONGENLIF-B CONNECTICUT GENERAL LIFE-DENT 5/18/2001 OPERATING2 PMCHK00000255 $3,293.90 200012866 MAN FIN000-B MANULIFE FINANCIAL 5/18/2001 OPERATING2 PMCHK00000256 $3,396.34 200012867 AMEPRI000-B AMERIPRIDE LINEN AND APPAREL 5/21/2001 OPERATING2 PMCHK00000257 $50.24 200012868 BENARI000-B BEN-DOR, ARIELA 5/21/2001 OPERATING2 PMCHK00000257 $1,288.00 200012869 CITSCOUTI-B CITY OF SCOTTSDALE-UTILITIES 5/21/2001 OPERATING2 PMCHK00000257 $1,221.78 200012870 CULWAT000-B CULLIGAN WATER COND 5/21/2001 OPERATING2 PMCHK00000257 $51.46 200012871 FOS000000-B FOSTER,REBECCA 5/21/2001 OPERATING2 PMCHK00000257 $24.80 200012872 PURPOW000-B PURCHASE POWER 5/21/2001 OPERATING2 PMCHK00000257 $1,000.00 200012873 SHAFOO000-B SHAMROCK FOODS COMPANY 5/21/2001 OPERATING2 PMCHK00000257 $57.58 200012874 ABAOFF000-B ABACUS OFFICE SOLUTIONS 5/21/2001 OPERATING2 PMCHK00000258 $539.44 200012875 AT&TWIR02-B AT&T WIRELESS SERVICES 0001 - 5/21/2001 OPERATING2 PMCHK00000258 $2,536.74 200012876 DEPTRU000-B DEPOSITORY TRUST COMPANY 5/21/2001 OPERATING2 PMCHK00000258 $90.00 200012877 FEDEXP000-B FEDERAL EXPRESS 5/21/2001 OPERATING2 PMCHK00000258 $213.08 200012878 KP0LIM000-B KP LIMITED INC 5/22/2001 OPERATING2 PMCHK00000259 $530.67 200012879 MOOBRI000-B MOORE, BRIAN 5/22/2001 OPERATING2 PMCHK00000259 $117.18 200012880 PURPOW000-B PURCHASE POWER 5/22/2001 OPERATING2 PMCHK00000259 $79.82 200012881 SHE000000-B SHEARER,DAN 5/22/2001 OPERATING2 PMCHK00000259 $222.36 200012882 SHUAHW000-B SHRGARD OF AHWATUKEE 5/22/2001 OPERATING2 PMCHK00000259 $296.91 200012883 SNELDO000-B DOUG SNELL 5/22/2001 OPERATING2 PMCHK00000259 $134.31 200012884 STAFUN000-B STATE FUND COMPENSATION 5/22/2001 OPERATING2 PMCHK00000259 $3,074.00 200012885 WICPIL000-B WICK PILCHER INSURANCE, INC. 5/22/2001 OPERATING2 PMCHK00000259 $16,000.00 200012886 LYN000000-B LYNCH,MICHAEL 5/23/2001 OPERATING2 PMCHK00000260 $415.79
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 ------------ --------- ----------------- ---------- ------------ ---------- ------ 200012887 AT&T78522-B AT&T - 78225 5/25/2001 OPERATING2 PMCHK00000261 $94.59 200012888 COLMAS000-B COLLEGEMASTERS 5/25/2001 OPERATING2 PMCHK00000261 $2,867.37 200012889 TERINT000-B TERMINEX INTERNATIONAL 5/25/2001 OPERATING2 PMCHK00000261 $2.00 200012890 U0CWIN000-B U-C WINDOW CLEANING 5/25/2001 OPERATING2 PMCHK00000261 $300.00 200012891 US0WES003-B US WEST COMMUNICATIONS-29060 5/25/2001 OPERATING2 PMCHK00000261 $1,516.55 200012892 AT&T78522-B AT&T - 78225 5/25/2001 OPERATING2 PMCHK00000262 $11.07 200012893 FEDEXP000-B FEDERAL EXPRESS 5/25/2001 OPERATING2 PMCHK00000262 $111.18 200012894 SIESPR000-B SIERRA SPRINGS 5/25/2001 OPERATING2 PMCHK00000262 $32.78 200012895 US0WES003-B US WEST COMMUNICATIONS-29060 5/25/2001 OPERATING2 PMCHK00000262 $2,247.46 200012896 LYN000000-B LYNCH,MICHAEL 5/30/2001 OPERATING2 PMCHK00000263 $1,527.53 200012897 THEYOU000 THE YOUNG ONES CENTER 5/31/2001 OPERATING2 PMCHK00000264 $6,525.16 200012934 IMPBAN000 IMPERIAL BANK 5/31/2001 OPERATING2 PMPAY00000017 $217,420.63 REMIT000000000000108 WELBAN000-B WELLS FARGO BANK 5/15/2001 PMCHK00000252 $0.00 ----------- Total Checks: 80 Total Amount of Checks: $365,451.04 ===========
11 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 ------------ --------- ----------------- ---------- ------------ ---------- ------ 800050142 FIRWES000-B FIRST WEST PROPERTIES 5/31/2001 OPERATING PMCHK00000084 $16,054.21 800050483 ATHTRA001-B ATHLETES IN TRAINING-SOUTHERN 5/7/2001 OPERATING PMCHK00000073 $1,320.00 800050484 ATTGA0000-B ATT-GA-277019 5/7/2001 OPERATING PMCHK00000073 $297.50 800050485 IKOOFF003-B IKON OFFICE SOLUTIONS (CA) 5/7/2001 OPERATING PMCHK00000073 $62.24 800050486 PROONE000-B PROTECTION ONE - AZ 5/7/2001 OPERATING PMCHK00000073 $141.19 800050487 PURPOW000-B PURCHASE POWER 5/7/2001 OPERATING PMCHK00000073 $619.00 800050488 RUTNOR000-B RUTH NORRIS RYAN 5/7/2001 OPERATING PMCHK00000073 $600.00 800050489 SLAJAC000-B JACK SLATE 5/7/2001 OPERATING PMCHK00000073 $58.05 800050490 THUMOU000-B THUNDER MOUNTAIN CLEANING SERV 5/7/2001 OPERATING PMCHK00000073 $2,550.55 800050491 US0WES003-B US WEST COMMUNICATIONS-29060 5/7/2001 OPERATING PMCHK00000073 $517.05 800050492 WASMAN001-B WASTE MANAGEMENT OF ARIZONA 5/7/2001 OPERATING PMCHK00000073 $443.37 800050493 ATHIN0000-B ATHLETES IN TRAINING 5/15/2001 OPERATING PMCHK00000074 $3,600.00 800050494 CITPHOWAT-B CITY OF PHOENIX (WATER SVCS)29 5/15/2001 OPERATING PMCHK00000074 $203.60 800050495 PARWAS000-B PARADISE WASTE SERVICES 5/15/2001 OPERATING PMCHK00000074 $184.73 800050496 RUTNOR000-B RUTH NORRIS RYAN 5/15/2001 OPERATING PMCHK00000074 $1,200.00 800050497 MANLIF000-B MANULIFE FINNANCIAL 5/18/2001 OPERATING PMCHK00000075 $344.21 800050498 APS200000-B APS - 2907 5/21/2001 OPERATING PMCHK00000076 $1,800.37 800050499 DAVJEN000-B DAVIS, JENNIFER 5/21/2001 OPERATING PMCHK00000076 $228.00 800050500 UNIPAR000-B UNITED PARCEL SERVICE-UPS 5/21/2001 OPERATING PMCHK00000076 $32.30 800050501 WELFAR001-B WELLS FARGO FIN/HUGHES CALIHAN 5/21/2001 OPERATING PMCHK00000076 $406.75 800050502 ATHTRA001-B ATHLETES IN TRAINING-SOUTHERN 5/25/2001 OPERATING PMCHK00000077 $1,320.00 800050503 TERCOM000-B TERMINIX COMMERCIAL 5/25/2001 OPERATING PMCHK00000077 $75.00 800050504 U0CWIN000-B U-C WINDOW CLEANING 5/25/2001 OPERATING PMCHK00000077 $243.81 ---------- Total Checks: 23 Total Amount of Checks: $32,301.93 ==========
12