EX-99.2 6 ex99-2.txt BUSINESS AND INDUSTRY MONTHLY OPERATING REPORT Exhibit 99.2 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 JUNE ) Debtor(s) ) DATE PETITION FILED: October 6, 2000 ) ) TAX PAYER ID NO. 4101581297 Nature of Debtor's Business: For Profit Educational Services DATE DISCLOSURE STATEMENT: FILED Not Yet Filed TO BE FILED To Be Determined ------------- ---------------- DATE PLAN OF REORGANIZATION: FILED Not Yet Filed TO BE FILED To Be Determined ------------- ---------------- I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOLLOWING MONTHLY OPERATING REPORT AND THE ACCOMPANYING ATTACHMENTS ARE TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE. RESPONSIBLE PARTY: CEO ---------------------------------------- ---------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Michael Lynch ---------------------------------------- ---------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: Controller ---------------------------------------- ---------- ORIGINAL SIGNATURE OF PREPARER TITLE Douglass E. Snell ---------------------------------------- ---------- PRINTED NAME OF PREPARER DATE PERSON TO CONTACT REGARDING THIS REPORT: Douglass E. Snell --------------------------------------- PHONE NUMBER: 480-783-4317 --------------------------------------- ADDRESS: 4515 E. Muirwood Dr. Phoenix, AZ 85048 --------------------------------------- ORIGINAL OF REPORT IS FILED WITH THE COURT, COPY IS FILED WITH U.S. TRUSTEE'S OFFICE THE TESSERACT GROUP, INC. B-00-10938-ECF-RTB MONTH: JUNE 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 -- 376,879.47 -- -- -- 31,863.49 RECEIPTS STUDENT FEES 982,513.09 210,153.45 CHARTER SCHOOL REVENUE -- ACCOUNTS RECEIVABLE -- INTEREST 6.10 SALE OF ASSETS TRANSFERS IN FROM OTHER ACCOUNTS 982,513.09 -- 744,796.62 119,518.20 -- OTHER (ATTACH LIST) TOTAL RECEIPTS 982,513.09 1,192,672.64 -- 744,796.62 119,518.20 -- DISBURSEMENTS BUSINESS - ORDINARY OPERATIONS -- 21,055.14 -- 288,767.36 60,674.82 4,111.81 CAPITAL IMPROVEMENTS PRE-PETITION DEBT TRANSFERS TO OTHER DIP ACCOUNTS 982,513.09 864,314.82 -- PAYMENTS MADE FOR SUNRISE EDU 398,788.18 456,029.26 59,658.38 OTHER (VOIDS) (815.00) REORGANIZATION EXPENSES: ATTORNEY FEES ACCOUNTANT FEES OTHER PROFESSIONAL FEES U.S. TRUSTEE QUARTERLY FEE COURT COSTS TOTAL DISBURSEMENTS 982,513.09 1,284,158.14 -- 744,796.62 119,518.20 4,111.81 ----------- ------------- ----------- ------------ ------------ ------------- ACCOUNT BALANCE - END OF MONTH -- 285,393.97 -- -- -- 27,751.68 =========== ============= =========== ============ ============ ============= 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 -- -- 416,633.90 -- 825,376.86 RECEIPTS STUDENT FEES 1,192,666.54 CHARTER SCHOOL REVENUE -- ACCOUNTS RECEIVABLE -- INTEREST 561.97 568.07 SALE OF ASSETS -- -- TRANSFERS IN FROM OTHER ACCOUNTS 1,846,827.91 OTHER (ATTACH LIST) -- TOTAL RECEIPTS -- -- 561.97 -- 3,040,062.52 DISBURSEMENTS BUSINESS - ORDINARY OPERATIONS 374,609.13 CAPITAL IMPROVEMENTS -- PRE-PETITION DEBT -- TRANSFERS TO OTHER DIP ACCOUNTS -- -- 1,846,827.91 PAYMENTS MADE FOR SUNRISE EDU 914,475.82 OTHER (VOIDS) (815.00) REORGANIZATION EXPENSES: ATTORNEY FEES -- ACCOUNTANT FEES -- OTHER PROFESSIONAL FEES -- U.S. TRUSTEE QUARTERLY FEE -- COURT COSTS -- TOTAL DISBURSEMENTS -- -- -- -- 3,135,097.86 ------------ ------------- ------------- ------------- ------------- ACCOUNT BALANCE - END OF MONTH -- -- 417,195.87 -- 730,341.52 ============ ============= ============= ============= ============= THE FOLLOWING SECTION MUST BE FILLED OUT DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: TOTAL DISBURSEMENTS FROM ABOVE 3,135,097.86 LESS: TRANSFERS OUT TO OTHER DIP ACCOUNTS (1,846,827.91) LESS: PAYMENTS MADE FOR SUNRISE EDUCATIONAL SERVICES, INC. (914,475.82) PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. PAYMENTS FROM ESCROW OR 2-PARTY CHECKS) ---------------- TOTAL DISBURSEMENTS FOR CALCULATING QUARTERLY FEES: 373,794.13 ================
2 The Tesseract Group (excl. Sunrise) Statement of Operations For the Month Ending June 30, 2001 REVENUE Tuition and Fees Revenue $ 107,684.75 Charter Revenue -- Transportation Revenue -- Food Revenue -- Refunds/Returns (20.73) Discounts -- -------------- Total Revenue 107,664.02 -------------- OPERATIONAL COSTS Salaries and Wages 176,597.82 Taxes and Benefits 14,552.33 Classroom Expenses 80.39 Food Programs Expense -- Transportation Expenses -- Maintenance Expense -- Insurance Expense 46,316.98 Internet Expense -- Rent Expense 3,090.00 Security Services Expense 46.84 Personal Property Tax Expense -- Real Property Tax Expense -- Utilities Expense (5,441.04) -------------- Total Operational Costs 235,243.32 -------------- GENERAL & ADMINISTRATIVE COSTS Advertising, Mktg, Promo Exp -- Audit & Tax Expense -- Bad Debt Expense 19,586.47 Bank Charges/Processing Fees-A 631.30 Computer/Technology Expense -- Consultant Fees Expense -- Investor Relations Expense -- Licenses & Fees Expense -- Office/School Supplies Expense -- Penalties & Late Fees Expense -- Postage and Printing Expense -- Pre-Employment Expense -- Telephone Expense (1,470.67) Travel Expense 183.99 Closed School Expense -- Corporate Overhead 373,569.06 Corporate Overhead Allocated to Sunrise (186,785.00) Other Expenses 244,092.10 -------------- Total General and Administrative Expenses 449,807.25 -------------- Gain/Loss on Sales of Fixed Assets (1,143,892.68) Other Income 618.72 Interest Expense (80,537.09) -------------- Net Interest and Other Income (Expense) (1,223,811.05) -------------- Depreciation Expense -- -------------- Total Depreciation and Amortization -- -------------- REORGANIZATION EXPENSES Professional Fees 7,925.00 Professional Fees Allocated to Sunrise (3,963.00) -------------- Total Reorganization Expenses 3,962.00 -------------- Net Income $(1,805,159.60) ============== 3 The Tesseract Group (excl. Sunrise) Balance Sheet June 30, 2001 ASSETS Current Assets Cash and Cash Equivalents $ 718,127.32 Accounts Receivable, net 2,000.00 Note Receivable from Nobel -- Prepaid Rent -- Other Prepaid Expenses -- -------------- Total Current Assets 720,127.32 Investment in Sunrise 18,971,824.26 Property and Equipment, net -- Deposits and Other Assets 1,512,992.80 -------------- Total Assets $21,204,944.38 ============== LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts Payable $ 13,360.22 Accrued Payroll and Benefits 1,021,490.20 Accrued Payroll Taxes 62,111.49 Deferred Revenue and Tuition Deposits 885,140.74 -------------- Total Current Liabilities 1,982,102.65 -------------- Pre-Petition Liabilities Line of Credit 5,848,822.65 Accounts Payable 3,989,515.21 Other Unsecured Notes Payable 865,500.00 Other Current Liabilities 4,348,790.44 Long-Term Debt 1,703,205.97 -------------- Total Pre-Petition Liabilities 16,755,834.27 -------------- Due to Sunrise 969,876.77 Reserve for Closed Schools 504,099.10 Other Long-Term Obligations 13,999.76 -------------- Total Long-Term Liabilities 1,487,975.63 -------------- Total Liabilities 20,225,912.55 -------------- Shareholders' Equity Pre-Petition Shareholders' Equity 5,309,828.65 Post Petition Retained Deficit (4,330,796.82) -------------- Total Shareholders' Equity 979,031.83 -------------- Total Liabilities and Shareholders' Equity $21,204,944.38 ============== 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 30,921 2,000 -- 28,921 LESS: AMOUNT CONSIDERED UNCOLLECTIBLE 28,921 28,921 ACCOUNTS RECEIVABLE (NET) 2,000 2,000 -- -- SCHEDULED CURRENT FIXED ASSETS AMOUNT ADDITIONS DELETIONS AMOUNT ------------ ------ --------- --------- ------ REAL PROPERTY 1,867,408 00 1,867,408 (0) BUILDING IMPROVEMENTS/PLANT 846,395 16,066 862,461 (0) ACCUMULATED DEPRECIATION (136,823) (33,112) (169,935) 0 NET BUILDINGS/PLANT 709,573 (17,047) 692,526 (0) EQUIPMENT 5,466,149 11,637 5,477,786 (0) ACCUMULATED DEPRECIATION (2,404,930) (533,426) (2,938,357) 0 NET EQUIPMENT 3,061,218 (521,789) 2,539,429 (0) AUTOS & VEHICLES 557,586 00 557,586 -- ACCUMULATED DEPRECIATION (259,791) (65,272) (325,063) 0 NET AUTOS & VEHICLES 297,795 (65,272) 232,523 0 NOTE: Reduction in assets due to sale of Private and Charter School assets. 5 CASE NUMBER: B-00-10938-ECF-RTB STATUS OF LIABILITIES AND SENSITIVE PAYMENTS POSTPETITION UNPAID OBLIGATIONS TOTAL 0-30 31-60 61-90 91+ ------------------ --------- --------- ----- ----- ------ ACCOUNTS PAYABLE 13,360 (575) -- -- 13,935 TAXES PAYABLE 62,111 62,111 ACCRUED SALARIES AND BENEFITS 1,021,490 1,021,490 PREPAID TUITION AND DEPOSITS 885,141 885,141 SECURED DEBT OTHER (ATTACH LIST) --------- ---------- ---- ---- ------ TOTAL POST-PETITION LIABILITIES 1,982,102 1,968,168 -- -- 13,935 ========= ========== ==== ==== ====== PAYMENTS TO INSIDERS AND PROFESSIONALS INSIDERS AMOUNT PD TOTAL PD NAME REASON FOR PAYMENT THIS MONTH TO DATE ---- ------------------ ---------- ------- Lucian Spataro Wages and Exp. Reimbursement -- 129,134.79 Ernie Recsetar Wages -- 22,000.00 Michael Lynch Wages and Exp. Reimbursement 15,839.79 138,313.35 Gary Lilyquist Wages and Exp. Reimbursement -- 80,239.99 ---------- ----------- TOTAL PAYMENTS TO INSIDERS 15,839.79 369,688.13 ========== =========== 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 0 0 49,127.11 6 CASE NUMBER: B-00-10938-ECF-RTB CASE STATUS QUESTIONNAIRE YES NO --- -- HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? NO ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? NO ARE ANY WAGE PAYMENTS PAST DUE? NO ARE ANY U.S. TRUSTEE QUARTERLY FEES DELINQUENT? NO CURRENT NUMBER OF EMPLOYEES: 78 INSURANCE CARRIER AND PERIOD EXPIRATION PAYMENT AMOUNT TYPE OF POLICY POLICY NUMBER COVERED DATE & FREQUENCY -------------- ------------- ------- ---- ----------- Gen Liability CLI0020446 3/1/2001 7/31/2001 Paid in full Auto Liability 70APN164181 3/1/2001 7/31/2001 Paid in full Excess Liability UMI0000567 3/1/2001 7/31/2001 Paid in full Workers Comp 307512-4 12/1/2000 11/30/2001 Monthly as a % of PR Blanket Contents 59UUMUN3158 3/1/2001 7/31/2001 Paid in full WHAT STEPS HAVE BEEN TAKEN TO REMEDY ANY OF THE PROBLEMS THAT BROUGHT ABOUT THE CHAPTER 11 FILING? Purchasing of new schools has ceased, and administrative expenses have been reduced. Other restructuring measures are being considered. LIST ANY MATTERS THAT ARE DELAYING THE FILING OF A PLAN OF REORGANIZATION? 7 THE TESSERACT GROUP, INC. CONSOLIDATED CASH FLOW ANALYSIS Total For June 2001 ------------- BEGINNING FUNDS AVAILABLE: $ 825,376.87 ------------- Cash In: Telecheck $ 210,153.45 Credit Card Deposit (Preschools) 426,294.78 Credit Card Deposit (Private) 831.02 Credit Card Deposit (Charter) -- Regular Deposits (Preschools) 417,960.63 Regular Deposits (Private) 7,734.89 Regular Deposits (Charter) 120,169.38 Regular Deposits (Corporate) 9,851.39 Other Deposit (Charter) -- Interest 568.07 Interest on LTC Acct -- Voids 815.00 ------------- Daily Cash In: $1,194,378.61 ============= Cash Out: Preschool A/P $ 398,788.18 Charter A/P 5,128.25 Private A/P -- Corporate A/P 119,316.76 TesseracT Payroll 165,526.57 Preschool Payroll 456,029.26 Charter Payroll 123,240.79 College PR -- Preschool NSF 329.00 Medical Claims -- Banking and Payroll Fees 21,055.14 LTC Payment -- LTC Fees -- ------------- Daily Cash Out: $1,289,413.95 ============= Net Cash In/Out: $ (95,035.34) ------------- ENDING FUNDS AVAILABLE: $ 730,341.53 ============= 8 THE TESSERACT GROUP, INC. CASH FLOW ANALYSIS B-00-10938-ECF-RTB Total For June 2001 ------------ BEGINNING FUNDS AVAILABLE: $ 651,600.84 ------------ Cash In: Credit Card Deposit (Private) $ 831.02 Credit Card Deposit (Charter) -- Regular Deposits (Private) 7,734.89 Regular Deposits (Charter) 120,169.38 Regular Deposits (Corporate) 9,851.39 Other Deposit (Charter) -- Interest 568.07 ------------ Daily Cash In: $ 139,154.75 ============ Cash Out: Charter A/P $ 5,128.25 Private A/P -- Corporate A/P 119,316.76 Corporate A/P (allocated to Sunrise) (59,658.38) TesseracT Payroll 165,526.57 Charter Payroll 123,240.79 Medical Claims -- Banking Fees 21,055.14 LTC Payment -- Voids (815.00) ------------ Daily Cash Out: $ 373,794.13 ============ Net Cash In/Out: $(234,639.38) ------------ ENDING FUNDS AVAILABLE: $ 416,961.46 ============ 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 ------------ --------- ----------------- ---------- ------------ ---------- ------ 200012899 AT&T78522-B AT&T - 78225 6/1/01 OPERATING2 PMCHK00000265 $14.85 200012900 FEDEXP000-B FEDERAL EXPRESS 6/1/01 OPERATING2 PMCHK00000265 $158.48 200012901 WELFAR003-B WELLS FARGO (MN) 6/1/01 OPERATING2 PMCHK00000265 $710.53 200012902 AMEPRI000-B AMERIPRIDE LINEN AND APPAREL 6/4/01 OPERATING2 PMCHK00000266 $23.98 200012903 AT&TPHO00-B AT&T PHOENIX-78225 6/4/01 OPERATING2 PMCHK00000266 $3.23 200012904 ATTGA0000-B ATT-GA-277019 6/4/01 OPERATING2 PMCHK00000266 $752.40 200012905 SHAFOO000-B SHAMROCK FOODS COMPANY 6/4/01 OPERATING2 PMCHK00000266 $57.58 200012906 LYN000000-B LYNCH,MICHAEL 6/5/01 OPERATING2 PMCHK00000267 $726.04 200012907 UNIOMA000-B UNITED OF OMAHA 6/6/01 OPERATING2 PMCHK00000268 $6,455.17 200012908 FEDEXP000-B FEDERAL EXPRESS 6/8/01 OPERATING2 PMCHK00000269 $48.88 200012909 IKOOFF003-B IKON OFFICE SOLUTIONS (CA) 6/8/01 OPERATING2 PMCHK00000269 $118.89 200012910 KP0LIM000-B KP LIMITED INC 6/8/01 OPERATING2 PMCHK00000269 $77.18 200012911 RIVJUD000-B JUDI RIVERA 6/8/01 OPERATING2 PMCHK00000269 $15.22 200012912 SUMSCH000-B SUMMIT SCHOOL OF AHWATUKEE 6/8/01 OPERATING2 PMCHK00000269 $1,372.43 200012913 APS200000-B APS - 2907 6/8/01 OPERATING2 PMCHK00000270 $6,825.44 200012914 CITSCOUTI-B CITY OF SCOTTSDALE-UTILITIES 6/8/01 OPERATING2 PMCHK00000270 $1,169.32 200012915 DOCTEC000-B DOCUMENT TECHNOLOGIES 6/8/01 OPERATING2 PMCHK00000270 $1,123.93 200012916 PARWAS000-B PARADISE WASTE SERVICES 6/8/01 OPERATING2 PMCHK00000270 $52.86 200012917 US0WES003-B US WEST COMMUNICATIONS-29060 6/8/01 OPERATING2 PMCHK00000270 $1,023.47 200012918 MUTOMA001-B MUTUAL OMAHA-NE 6/11/01 OPERATING2 PMCHK00000271 $23,019.14 200012919 MUTOMA001-B MUTUAL OMAHA-NE 6/11/01 OPERATING2 PMCHK00000272 $10,901.03 200012920 BONJAM000-B JAMES BONFIGLIO 6/12/01 OPERATING2 PMCHK00000273 $2,925.00 200012921 PARCHR001-B CHRISTINE PARADIS 6/13/01 OPERATING2 PMCHK00000274 $500.00 200012922 MAN FIN000-B MANULIFE FINANCIAL 6/15/01 OPERATING2 PMCHK00000275 $2,693.52 200012923 MAN FIN000-B MANULIFE FINANCIAL 6/15/01 OPERATING2 PMCHK00000275 $2,236.77 200012924 CULWAT000-B CULLIGAN WATER COND 6/18/01 OPERATING2 PMCHK00000276 $24.91 200012925 KP0LIM000-B KP LIMITED INC 6/18/01 OPERATING2 PMCHK00000276 $483.44 200012926 PROONE000-B PROTECTION ONE - AZ 6/18/01 OPERATING2 PMCHK00000276 $46.84 200012927 FEDEXP000-B FEDERAL EXPRESS 6/18/01 OPERATING2 PMCHK00000277 $113.90 200012928 IMPFIN000-B IMPERIAL FINANCIAL PRINTING 6/18/01 OPERATING2 PMCHK00000277 $195.50 200012929 KP0LIM000-B KP LIMITED INC 6/18/01 OPERATING2 PMCHK00000277 $530.67 200012930 LANMAR000-B MARK LANE 6/18/01 OPERATING2 PMCHK00000277 $30.51 200012931 MOOBRI000-B MOORE, BRIAN 6/18/01 OPERATING2 PMCHK00000277 $64.49 200012932 THEHAR000-B THE HARTFORD 6/18/01 OPERATING2 PMCHK00000277 $1,203.19 200012933 US0WES003-B US WEST COMMUNICATIONS-29060 6/18/01 OPERATING2 PMCHK00000277 $238.21 200012935 ARC000000-B ARC 6/21/01 OPERATING2 PMCHK00000278 $705.39 200012936 EMPUNI000-B EMPLOYERS UNITIY INC 6/21/01 OPERATING2 PMCHK00000279 $643.75 200012937 LYN000000-B LYNCH,MICHAEL 6/21/01 OPERATING2 PMCHK00000279 $2,186.59 200012938 MUTOMA001-B MUTUAL OMAHA-NE 6/21/01 OPERATING2 PMCHK00000279 $351.03 200012939 FEDEXP000-B FEDERAL EXPRESS 6/22/01 OPERATING2 PMCHK00000280 $291.46 200012940 KP0LIM000-B KP LIMITED INC 6/22/01 OPERATING2 PMCHK00000280 $530.67 200012941 SHUAHW000-B SHRGARD OF AHWATUKEE 6/22/01 OPERATING2 PMCHK00000280 $296.91 200012942 CIGEMP000-B CIGNA EMPLOYEE BENE-PPO 6/26/01 OPERATING2 PMCHK00000281 $1,977.34 200012943 CONGEN000-B CONNECTICUT GENERAL LIFE 6/26/01 OPERATING2 PMCHK00000281 $39,251.67 200012944 CONGENLIF-B CONNECTICUT GENERAL LIFE-DENT 6/26/01 OPERATING2 PMCHK00000281 $3,138.19 200012945 MOOBRI000-B MOORE, BRIAN 6/29/01 OPERATING2 PMCHK00000282 $500.00 200012946 SHE000000-B SHEARER,DAN 6/29/01 OPERATING2 PMCHK00000282 $500.00 200012947 ADMRES000-B ADMINISTRATIVE RESOURCES & CO N 06/29/2001 OPERATING2 PMCHK00000283 $150.48 200012948 ADMRES000-B ADMINISTRATIVE RESOURCES & CO N 06/29/2001 OPERATING2 PMCHK00000283 $162.64 200012949 ARC000000-B ARC 6/29/01 OPERATING2 PMCHK00000283 $100.00 200012950 MAN FIN000-B MANULIFE FINANCIAL 6/29/01 OPERATING2 PMCHK00000283 $1,622.79 200012951 SPEINC000-B SPECTERA, INC. 6/29/01 OPERATING2 PMCHK00000283 $970.85 ----------- Total Checks: 52 Total Amount of Checks: $119,316.76 ===========
10 Owned Charters VENDOR CHECK REGISTER REPORT Payables Management * Voided Checks
Audit Check Number Vendor ID Vendor Check Name Check Date Checkbook ID Trail Code Amount ------------ --------- ----------------- ---------- ------------ ---------- ------ 800050505 APS200000-B APS - 2907 6/4/01 OPERATING PMCHK00000078 $1,047.02 800050506 MANLIF000-B MANULIFE FINNANCIAL 6/4/01 OPERATING PMCHK00000078 $344.21 800050507 SLAJAC000-B JACK SLATE 6/4/01 OPERATING PMCHK00000078 $111.86 800050508 US0WES003-B US WEST COMMUNICATIONS-29060 6/4/01 OPERATING PMCHK00000078 $447.79 800050509 DOCTEC000-B DOCUMENT TECHNOLOGIES 6/8/01 OPERATING PMCHK00000080 $388.60 800050510 PROOFF000-B PRO OFFICE EQUIPMENT, INC. 6/8/01 OPERATING PMCHK00000080 $223.59 800050511 SOUGAS000-B SOUTHWEST GAS CORPORATION 6/8/01 OPERATING PMCHK00000080 $21.68 800050513 MANLIF000-B MANULIFE FINNANCIAL 6/15/01 OPERATING PMCHK00000082 $118.06 800050514 CITPHOWAT-B CITY OF PHOENIX (WATER SVCS)2 6/18/01 OPERATING PMCHK00000083 $432.14 800050515 KP0LIM000-B KP LIMITED INC 6/18/01 OPERATING PMCHK00000083 $470.61 800050516 THEHAR000-B THE HARTFORD 6/18/01 OPERATING PMCHK00000083 $1,203.19 800050518 MANLIF000-B MANULIFE FINNANCIAL 6/22/01 OPERATING PMCHK00000085 $118.06 800050519 CITSIEVI2-B CITY OF SIERRA VISTA 6/22/01 OPERATING PMCHK00000086 $17.45 800050520 CRAVER000-B VERONICA CRAMER 6/22/01 OPERATING PMCHK00000086 $35.19 800050521 HUNLIL000-B HUNT, LILLIAN 6/22/01 OPERATING PMCHK00000086 $24.80 800050522 MAHBAR000-B BARBARA MAHOOD 6/22/01 OPERATING PMCHK00000086 $124.00 --------- Total Checks: 16 Total Amount of Checks: $5,128.25 =========
11