Attached files
file | filename |
---|---|
8-K - FORM 8-K - BANKUNITED FINANCIAL CORP | d8k.htm |
Exhibit 99.1
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 1 of 57
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF FLORIDA
MIAMI DIVISION
IN RE: | } | CASE NUMBER 09-19940-LMI | ||||||
} | (Jointly Administered) | |||||||
BANKUNITED FINANCIAL (1) | } | |||||||
CORPORATION, ET AL. | } | JUDGE Hon. Laurel M. Isicoff | ||||||
} | ||||||||
DEBTOR. | } | CHAPTER 11 |
DEBTORS CONSOLIDATED STANDARD MONTHLY OPERATING REPORT (BUSINESS)
FOR THE PERIOD
FROM January 1, 2010 TO January 31, 2010
Comes now the above-named debtor and files its Monthly Operating Reports in accordance with the Guidelines established by the United States Trustee and FRBP 2015.
/s/ Joseph J. Luzinski , CRO | ||||
Debtors Signature | ||||
Debtors Address | Attorneys Address | |||
and Phone Number: | and Phone Number: | |||
c/o Development Specialists, Inc. |
Greenberg Traurig, P.A. | |||
200 South Biscayne Boulevard, Suite 1818 |
1221 Brickell Avenue | |||
Miami, FL 33131-2329 |
Miami, FL 33131 | |||
(305) 374-2717 |
(305) 579-0500 |
Note: The original Monthly Operating Report is to be filed with the court and a copy simultaneously provided to the United States Trustee Office. Monthly Operating Reports must be filed by the 20th day of the following month.
For assistance in preparing the Monthly Operating Report, refer to the following resources on the United States Trustee Program Website, http://www.usdoj.gov/ust/r21/index.htm.
1) | Instructions for Preparations of Debtors Chapter 11 Monthly Operating Report |
2) | Initial Filing Requirements |
3) | Frequently Asked Questions (FAQs) http://www.usdoj.gov/ust/. |
(1) | On the Petition Date, the following affiliated entities filed concurrently for Chapter 11: |
BankUnited Financial Corporation (Case #09-19940)
BankUnited Financial Services, Inc. (Case #09-19941)
CRE America Corporation (Case #09-19942)
MOR-1
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 2 of 57
GENERAL DISCLAIMER
These bankruptcy cases were filed on May 22, 2009, the day after the regulatory seizure of Debtor BankUnited Financial Corporations wholly-owned banking subsidiary, BankUnited, FSB, and the ensuing sale of that subsidiarys assets by the Federal Deposit Insurance Corporation to BankUnited, a de novo federal savings association organized under the laws of the United States (New Bank). The Debtors current Chief Restructuring Officer, Joseph J. Luzinski (the CRO) was appointed effective June 2, 2009, eleven days after these cases were filed. Nearly all of the books and records of the Debtors are presently in the possession of the FDIC or New Bank. Accordingly, the information contained herein is based on the information currently available to the CRO and is subject to modification as additional information becomes available.
Nothing herein shall be construed as an admission or determination by the Debtors as to any amount or value set forth herein, the validity of any debt listed herein, ownership of any asset listed herein, the completeness of any financial statement set forth herein, or otherwise as to the accuracy or completeness of any information contained herein. The Debtors expressly reserve the right to modify any and all information contained herein as additional information becomes available.
Disclaimer
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 3 of 57
SCHEDULE OF RECEIPTS AND DISBURSEMENTS
FOR THE PERIOD BEGINNING January 1, 2010 AND ENDING January 31, 2010
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number | 09-19940-LMI | |||
Date of Petition: | May 22, 2009 |
(Jointly Administered) |
CURRENT MONTH |
CUMULATIVE PETITION TO DATE |
||||||||||
1. FUNDS AT BEGINNING OF PERIOD |
$ | 15,752,967 | (a) | $ | | (b) | |||||
2. RECEIPTS: |
|||||||||||
A. Cash Sales |
$ | | $ | | |||||||
Minus: Cash Refunds |
(- | ) | $ | | $ | | |||||
Net Cash Sales |
$ | | $ | | |||||||
B. Accounts Receivable |
$ | | $ | | |||||||
C. Other Receipts (See MOR-3) |
$ | 605 | $ | 19,195,085 | |||||||
(If you receive rental income, you must attach a rent roll.) |
|||||||||||
3. TOTAL RECEIPTS (Lines 2A+2B+2C) |
$ | 605 | $ | 19,195,085 | |||||||
4. TOTAL FUNDS AVAILABLE FOR OPERATIONS (Line 1 + Line 3) |
$ | 15,753,572 | $ | 19,195,085 | |||||||
5 DISBURSEMENTS |
|||||||||||
A. Advertising |
$ | | $ | 141,170 | |||||||
B. Bank Charges |
$ | 99 | $ | 931 | |||||||
C. Contract Labor |
$ | 10,666 | $ | 11,462 | |||||||
D. Fixed Asset Payments (not incl. in N) |
$ | | $ | | |||||||
E. Insurance |
$ | | $ | | |||||||
F. Inventory Payments (See Attach. 2) |
$ | | $ | | |||||||
G. Leases |
$ | | $ | | |||||||
H. Manufacturing Supplies |
$ | | $ | | |||||||
I. Office Supplies |
$ | | $ | 1,043 | |||||||
J. Payroll - Net (See Attachment 4B) |
$ | | $ | | |||||||
K. Professional Fees (Accounting & Legal) |
$ | 228,158 | $ | 3,499,130 | |||||||
L. Rent |
$ | | $ | | |||||||
M. Repairs & Maintenance |
$ | | $ | | |||||||
N. Secured Creditor Payments (See Attach. 2) |
$ | | $ | | |||||||
O. Taxes Paid - Payroll (See Attachment 4C) |
$ | | $ | | |||||||
P. Taxes Paid - Sales & Use (See Attachment 4C) |
$ | | $ | | |||||||
Q. Taxes Paid - Other (See Attachment 4C) |
$ | | $ | | |||||||
R. Telephone |
$ | | $ | | |||||||
S. Travel & Entertainment |
$ | | $ | 562 | |||||||
T. U.S. Trustee Quarterly Fees |
$ | 7,150 | $ | 18,200 | |||||||
U. Utilities |
$ | | $ | | |||||||
V. Vehicle Expenses |
$ | | $ | | |||||||
W. Other Operating Expenses (See MOR-3) |
$ | 21,116 | $ | 36,205 | |||||||
6. TOTAL DISBURSEMENTS (Sum of 5A thru W) |
$ | 267,190 | $ | 3,708,703 | |||||||
7. ENDING BALANCE (Line 4 Minus Line 6) |
$ | 15,486,383 | (c) | $ | 15,486,383 | (c) | |||||
I declare under penalty of perjury that this statement and the accompanying documents and reports are true and correct to the best of my knowledge and belief, subject to the General Disclaimer and footnotes to this Report.
This 19th day of February , 2010. | /s/ Joseph J. Luzinski , as CRO | |||
(Signature) |
(a) | This number is carried forward from last months report. For the first report only, this number will be the balance as of the petition date. |
(b) | This figure will not change from month to month. It is always the amount of funds on hand as of the date of the petition. |
(c) | These two amounts will always be the same if form is completed correctly. |
MOR-2
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 4 of 57
MONTHLY SCHEDULE OF RECEIPTS AND DISBURSEMENTS (contd)
Detail of Other Receipts and Other Disbursements
OTHER RECEIPTS:
Describe Each Item of Other Receipt and List Amount of Receipt. Write totals on Page MOR-2, Line 2C.
Description |
Current Month | Cumulative Petition to Date | ||||
BUFC - Close Pre-Petition Bank Accounts |
$ | | $ | 16,061,971 | ||
BUFC - Interest Income |
$ | 513 | $ | 4,194 | ||
BUFC - Retainer Recoveries |
$ | | $ | 107,141 | ||
BUFC - Transfer of Brokerage Accounts from Old Bank |
$ | | $ | 57,039 | ||
BUFC - Preference Recoveries |
$ | | $ | 431,970 | ||
BUFC - Insurance Premium Refunds |
$ | | $ | 130,093 | ||
BUFS - Close Pre-Petition Bank Accounts |
$ | | $ | 2,033,234 | ||
BUFS - Interest Income |
$ | 82 | $ | 647 | ||
BUFS - Return of Suntrust Funds |
$ | | $ | 98,238 | ||
BUFS - Commissions Revenue |
$ | | $ | 135 | ||
BU Realty - Close Old Bank Bank Accounts |
$ | | $ | 30,550 | ||
BU Realty - Interest Income |
$ | 1 | $ | 8 | ||
CRE - Close Pre-Petition Bank Accounts |
$ | | $ | 239,791 | ||
CRE - Interest Income |
$ | 9 | $ | 73 | ||
TOTAL OTHER RECEIPTS |
$ | 605 | $ | 19,195,085 | ||
Other Receipts includes Loans from Insiders and other sources (i.e. Officer/Owner, related parties directors, related corporations, etc.). Please describe below:
Loan Amount |
Source of Funds |
Purpose |
Repayment Schedule | |||
None |
||||||
OTHER DISBURSEMENTS:
Describe Each Item of Other Disbursement and List Amount of Disbursement. Write totals on Page MOR-2, Line 5W.
Description |
Current Month | Cumulative Petition to Date | ||||
Corporate Filing Fees |
$ | 150 | $ | 450 | ||
Employee Expense Reimbursement |
$ | | $ | 2,088 | ||
Financial Subscriptions |
$ | | $ | 12,700 | ||
CRE - St. Regis Timeshare Annual Maintenance Fees |
$ | 20,966 | $ | 20,966 | ||
TOTAL OTHER DISBURSEMENTS |
$ | 21,116 | $ | 36,205 | ||
NOTE: Attach a current Balance Sheet and Income (Profit & Loss) Statement.
MOR-3
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 5 of 57
BankUnited Financial Corporation, et al., DIP
Consolidated Income Statement
For the Period Ended January 31, 2010
Cash Basis | BankUnited Financial Corp., DIP |
BankUnited Financial Svc., DIP |
BU Realty Corp. |
CRE America, Corp., DIP |
TOTAL BUFC, et al., DIP |
||||||||||
Ordinary Income/Expense |
|||||||||||||||
Income |
|||||||||||||||
Commissions Revenue |
0 | 0 | 0 | 0 | 0 | ||||||||||
Insurance Premium Refunds |
0 | 0 | 0 | 0 | 0 | ||||||||||
Preference Recoveries |
0 | 0 | 0 | 0 | 0 | ||||||||||
Retainer Recoveries |
0 | 0 | 0 | 0 | 0 | ||||||||||
Transfer from Old Bank |
0 | 0 | 0 | 0 | 0 | ||||||||||
Total Income |
0 | 0 | 0 | 0 | 0 | ||||||||||
Expense |
|||||||||||||||
Advertising |
0 | 0 | 0 | 0 | 0 | ||||||||||
Bank Charges |
99 | 0 | 0 | 0 | 99 | ||||||||||
Board Compensation |
0 | 0 | 0 | 0 | 0 | ||||||||||
Contract Labor |
10,666 | 0 | 0 | 0 | 10,666 | ||||||||||
Insurance |
0 | 0 | 0 | 0 | 0 | ||||||||||
Other Operating Expenses |
0 | 0 | 150 | 20,966 | 21,116 | ||||||||||
Professional Fees |
|||||||||||||||
CRO Fees |
0 | 0 | 0 | 0 | 0 | ||||||||||
Financial Advisor Fees |
|||||||||||||||
Fin. Advisor Fees - Committee |
3,842 | 0 | 0 | 0 | 3,842 | ||||||||||
Fin. Advisor Fees - Debtor |
8,966 | 0 | 0 | 0 | 8,966 | ||||||||||
Financial Advisor Fees |
12,807 | 0 | 0 | 0 | 12,807 | ||||||||||
Financial Advisor Reimb Expense |
0 | ||||||||||||||
Fin. Adv. Reimb Exp - Committee |
1,444 | 0 | 0 | 0 | 1,444 | ||||||||||
Fin. Adv. Reimb Exp - Debtor |
215 | 0 | 0 | 215 | |||||||||||
Financial Advisor Reimb Expense |
1,659 | 0 | 0 | 0 | 1,659 | ||||||||||
Legal Fees |
0 | ||||||||||||||
Legal Fees - Committee |
81,822 | 0 | 0 | 0 | 81,822 | ||||||||||
Legal Fees - Debtor |
118,151 | 0 | 0 | 0 | 118,151 | ||||||||||
Legal Fees - Other |
0 | 0 | 0 | 0 | 0 | ||||||||||
Legal Fees |
199,973 | 0 | 0 | 0 | 199,973 | ||||||||||
Legal Reimb Expenses |
0 | ||||||||||||||
Legal Reimb Exp - Committee |
12,558 | 0 | 0 | 0 | 12,558 | ||||||||||
Legal Reimb Exp - Debtor |
1,161 | 0 | 0 | 0 | 1,161 | ||||||||||
Legal Reimb Exp - Other |
0 | 0 | 0 | 0 | 0 | ||||||||||
Legal Reimb Expense |
13,719 | 0 | 0 | 0 | 13,719 | ||||||||||
Total Professional Fees |
228,158 | 0 | 0 | 0 | 228,158 | ||||||||||
U.S. Trustee Quarterly Fees |
6,500 | 325 | 0 | 325 | 7,150 | ||||||||||
Total Expense |
245,423 | 325 | 150 | 21,291 | 267,190 | ||||||||||
Net Ordinary Income |
(245,423 | ) | (325 | ) | (150 | ) | (21,291 | ) | (267,190 | ) | |||||
Other Income/Expense |
|||||||||||||||
Other Income |
|||||||||||||||
Other Receipts |
|||||||||||||||
Interest Income |
513 | 82 | 1 | 9 | 605 | ||||||||||
Total Other Receipts |
513 | 82 | 1 | 9 | 605 | ||||||||||
Total Other Income |
513 | 82 | 1 | 9 | 605 | ||||||||||
Net Other Income |
513 | 82 | 1 | 9 | 605 | ||||||||||
Net Incr./(Decr.) in Cash During Period |
(244,910 | ) | (243 | ) | (149 | ) | (21,283 | ) | (266,585 | ) | |||||
Page 1 of 5
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 6 of 57
BankUnited Financial Corporation, et al., DIP
Consolidated Income Statement
Inception to Date (January 31, 2010)
Cash Basis | BankUnited Financial Corp., DIP |
BankUnited Financial Svc., DIP |
BU Realty Corp. |
CRE America, Corp., DIP |
TOTAL BUFC, et al., DIP | |||||
Ordinary Income/Expense |
||||||||||
Income |
||||||||||
Commissions Revenue |
0 | 135 | 0 | 0 | 135 | |||||
Insurance Premium Refunds |
130,093 | 0 | 0 | 0 | 130,093 | |||||
Other Receipts (See MOR-3) |
0 | 98,238 | 0 | 0 | 98,238 | |||||
Preference Recoveries |
431,970 | 0 | 0 | 0 | 431,970 | |||||
Retainer Recoveries |
107,141 | 0 | 0 | 0 | 107,141 | |||||
Transfer from Old Bank |
16,119,010 | 2,033,234 | 30,550 | 239,791 | 18,422,586 | |||||
Total Income |
16,788,215 | 2,131,607 | 30,550 | 239,791 | 19,190,163 | |||||
Expense |
||||||||||
Advertising |
141,170 | 0 | 0 | 0 | 141,170 | |||||
Bank Charges |
931 | 0 | 0 | 0 | 931 | |||||
Board Compensation |
75,000 | 0 | 0 | 0 | 75,000 | |||||
Contract Labor |
10,666 | 796 | 0 | 0 | 11,462 | |||||
Insurance |
0 | 0 | 0 | 0 | 0 | |||||
Office Supplies |
1,043 | 0 | 0 | 0 | 1,043 | |||||
Other Operating Expenses (See MOR-3) |
14,788 | 150 | 150 | 21,116 | 36,205 | |||||
Professional Fees |
||||||||||
CRO Fees |
210,000 | 0 | 0 | 0 | 210,000 | |||||
Financial Advisor Fees |
420,339 | 0 | 0 | 0 | 420,339 | |||||
Financial Advisor Reimb Expense |
10,423 | 0 | 0 | 0 | 10,423 | |||||
Legal Fees |
2,682,925 | 0 | 0 | 0 | 2,682,925 | |||||
Legal Reimb Expense |
100,444 | 0 | 0 | 0 | 100,444 | |||||
Total Professional Fees |
3,424,130 | 0 | 0 | 0 | 3,424,130 | |||||
Travel & Entertainment |
562 | 0 | 0 | 0 | 562 | |||||
U.S. Trustee Quarterly Fees |
16,250 | 975 | 0 | 975 | 18,200 | |||||
Total Expense |
3,684,540 | 1,921 | 150 | 22,091 | 3,708,703 | |||||
Net Ordinary Income |
13,103,675 | 2,129,686 | 30,400 | 217,700 | 15,481,461 | |||||
Other Income/Expense |
||||||||||
Other Income |
||||||||||
Other Receipts |
||||||||||
Interest Income |
4,194 | 647 | 8 | 73 | 4,922 | |||||
Total Other Receipts |
4,194 | 647 | 8 | 73 | 4,922 | |||||
Total Other Income |
4,194 | 647 | 8 | 73 | 4,922 | |||||
Net Other Income |
4,194 | 647 | 8 | 73 | 4,922 | |||||
Net Income |
13,107,869 | 2,130,333 | 30,408 | 217,773 | 15,486,383 | |||||
Page 2 of 5
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 7 of 57
BankUnited Financial Corporation, et al., DIP
Consolidated Balance Sheet
As of January 31, 2010
BankUnited Financial Corp., DIP | BankUnited Financial Svc., DIP | |||||||||||
ASSETS(1) |
||||||||||||
Current Assets |
||||||||||||
Checking/Savings |
||||||||||||
Pre-Petition Bank Accounts |
| (2) | | (2) | ||||||||
Post-Petition Bank Accounts |
13,056,228 | 2,130,333 | ||||||||||
Brokerage Accounts |
| | ||||||||||
FHLB Overnight Deposit |
51,641 | | ||||||||||
Total Checking/Savings |
13,107,869 | 2,130,333 | ||||||||||
Accounts Receivable |
16,163 | | (3) | |||||||||
Other Current Assets |
||||||||||||
Deposits |
70,825 | | ||||||||||
Income Tax Receivable |
1,008,753 | 197,196 | ||||||||||
Other Receivables |
| 107,783 | (3) | |||||||||
Prepaid Assets |
57,569 | | ||||||||||
Related Party Loans Receivable |
14,503,977 | (4) | | |||||||||
Total Other Current Assets |
15,641,124 | 304,979 | ||||||||||
Total Current Assets |
28,765,157 | 2,435,312 | ||||||||||
Fixed Assets |
||||||||||||
Accumulated Depreciation |
| | ||||||||||
Furniture and Equipment |
| | ||||||||||
Total Fixed Assets |
| | ||||||||||
Other Assets |
||||||||||||
Deferred Offering Cost |
4,599,397 | | ||||||||||
Deferred Tax Asset |
29,567 | | ||||||||||
Investment in BKUN Stat Trust |
7,121,000 | | ||||||||||
Investment in Partnerships |
1,224,762 | (5) | | |||||||||
Investment in Subsidiaries |
| | ||||||||||
Painting & Other Art Works |
36,111 | | ||||||||||
Timeshare |
| | ||||||||||
Trademarks |
| | ||||||||||
Total Other Assets |
13,010,837 | | ||||||||||
TOTAL ASSETS(1) |
41,775,993 | 2,435,312 | ||||||||||
Liabilities & Equity(1) |
||||||||||||
Liabilities |
||||||||||||
Current Liabilities |
||||||||||||
Accounts Payable |
| | ||||||||||
Other Current Liabilities |
||||||||||||
Accrued Expenses |
652,578 | | ||||||||||
Accrued Interest Payable |
11,127,142 | | ||||||||||
Deferred Taxes |
5,232,489 | | ||||||||||
Related Party Loans Payable |
| 3,401,671 | (4) | |||||||||
Total Other Current Liabilities |
17,012,208 | 3,401,671 | ||||||||||
Total Current Liabilities |
17,012,208 | 3,401,671 | ||||||||||
Long Term Liabilities |
||||||||||||
Convertible Notes -BUFC- 3.125% |
120,000,000 | | ||||||||||
Forward Purchase Contract |
2,652,223 | | ||||||||||
Sub Sr Note - BUFC - 6.37% 4/07 |
184,000,000 | | ||||||||||
Subdebt@3MTH - BUFC- L+3% 09/07 |
12,500,000 | | ||||||||||
Subnotes - BUFC |
237,261,000 | | ||||||||||
Total Long Term Liabilities |
556,413,223 | | ||||||||||
Total Liabilities |
573,425,431 | 3,401,671 | ||||||||||
Equity |
||||||||||||
Retained Earnings - Pre-Petition |
(544,835,839 | ) | (3,096,692 | ) | ||||||||
Retained Earnings - Post Petition |
13,107,869 | 2,130,333 | ||||||||||
Unrealized Gain/(Loss) on Investment in Partnerships |
78,531 | | ||||||||||
Total Equity |
(531,649,438 | ) | (966,359 | ) | ||||||||
TOTAL LIABILITIES & EQUITY(1) |
41,775,993 | 2,435,312 | ||||||||||
The accompanying Notes to the Financial Statements constitute a material component of, and qualify in its entirety, the balance sheet listed above.
Page 3 of 5
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 8 of 57
BankUnited Financial Corporation, et al., DIP
Consolidated Balance Sheet
As of January 31, 2010
BU Realty Corp. | CRE America Corp., DIP | TOTAL BUFC, et al., DIP | |||||||||||
ASSETS(1) |
|||||||||||||
Current Assets |
|||||||||||||
Checking/Savings |
|||||||||||||
Pre-Petition Bank Accounts |
| (2) | | (2) | | ||||||||
Post-Petition Bank Accounts |
30,408 | 217,773 | 15,434,742 | ||||||||||
Brokerage Accounts |
| | | ||||||||||
FHLB Overnight Deposit |
| | 51,641 | ||||||||||
Total Checking/Savings |
30,408 | 217,773 | 15,486,383 | ||||||||||
Accounts Receivable |
| | 16,163 | ||||||||||
Other Current Assets |
|||||||||||||
Deposits |
| | 70,825 | ||||||||||
Income Tax Receivable |
| 613 | 1,206,562 | ||||||||||
Other Receivables |
| | 107,783 | ||||||||||
Prepaid Assets |
| | 57,569 | ||||||||||
Related Party Loans Receivable |
| 7,460 | (4) | 14,511,437 | |||||||||
Total Other Current Assets |
| 8,073 | 15,954,176 | ||||||||||
Total Current Assets |
30,408 | 225,846 | 31,456,722 | ||||||||||
Fixed Assets |
|||||||||||||
Accumulated Depreciation |
| | | ||||||||||
Furniture and Equipment |
| | | ||||||||||
Total Fixed Assets |
| | | ||||||||||
Other Assets |
|||||||||||||
Deferred Offering Cost |
| | 4,599,397 | ||||||||||
Deferred Tax Asset |
| | 29,567 | ||||||||||
Investment in BKUN Stat Trust |
| | 7,121,000 | ||||||||||
Investment in Partnerships |
| | 1,224,762 | ||||||||||
Investment in Subsidiaries |
| | | ||||||||||
Painting & Other Art Works |
| | 36,111 | ||||||||||
Timeshare |
| 578,449 | 578,449 | ||||||||||
Trademarks |
| | |||||||||||
Total Other Assets |
| 578,449 | 13,589,286 | ||||||||||
TOTAL ASSETS(1) |
30,408 | 804,295 | 45,046,008 | ||||||||||
Liabilities & Equity(1) |
|||||||||||||
Liabilities |
|||||||||||||
Current Liabilities |
|||||||||||||
Accounts Payable |
| | | ||||||||||
Other Current Liabilities |
|||||||||||||
Accrued Expenses |
| | 652,578 | ||||||||||
Accrued Interest Payable |
| | 11,127,142 | ||||||||||
Deferred Taxes |
| | 5,232,489 | ||||||||||
Related Party Loans Payable |
| | 3,401,671 | ||||||||||
Total Other Current Liabilities |
| | 20,413,879 | ||||||||||
Total Current Liabilities |
| | 20,413,879 | ||||||||||
Long Term Liabilities |
|||||||||||||
Convertible Notes -BUFC- 3.125% |
| | 120,000,000 | ||||||||||
Forward Purchase Contract |
| | 2,652,223 | ||||||||||
Sub Sr Note-BUFC-6.37% 4/07 |
| | 184,000,000 | ||||||||||
Subdebt@3MTH - BUFC- L+3% 09/07 |
| | 12,500,000 | ||||||||||
Subnotes - BUFC |
| | 237,261,000 | ||||||||||
Total Long Term Liabilities |
| | 556,413,223 | ||||||||||
Total Liabilities |
| | 576,827,103 | ||||||||||
Equity |
|||||||||||||
Retained Earnings - Pre-Petition |
| 586,522 | (547,346,009 | ) | |||||||||
Retained Earnings - Post Petition |
30,408 | 217,773 | 15,486,383 | ||||||||||
Unrealized Gain/(Loss) on Investment in Partnerships |
| | 78,531 | ||||||||||
Total Equity |
30,408 | 804,295 | (531,781,095 | ) | |||||||||
TOTAL LIABILITIES & EQUITY(1) |
30,408 | 804,295 | 45,046,008 | ||||||||||
The accompanying Notes to the Financial Statements constitute a material component of, and qualify in its entirety, the balance sheet listed above.
Page 4 of 5
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 9 of 57
BankUnited Financial Corporation, et al., DIP
Notes to the Financial Statements
For the period ended January 31, 2010
Notes to the Financial Statements:
(1) | All cash accounts are listed at their current cash balances. All other balances reported were obtained from Debtors trial balances prepared as of May 21, 2009. Actual existence, ownership, and value have not been confirmed as of the Reporting Date. This balance sheet is subject to change should any variations in asset and liability values be discovered subsequent to the filing of this Report. |
(2) | All pre-petition bank accounts were closed in June 2009 when the balance of funds were transferred to the respective BankUnited Financial Corp., et al., DIP accounts. |
(3) | LPL Financial Corporation (LPL) entered into an agreement with BankUnited Financial Corporation (BUFC) and BankUnited Financial Services (BUFS) to sell, in non-debtor subsidiary BankUnited, FSB bank branches using the BUFS name, financial planning products and advisory services, including equities, debt securities, open-end/closed-end mutual funds, and public limited partnerships. Commissions for the sale of these products are due semi-monthly. It has not been confirmed whether any commissions are currently outstanding and, if so, whether the amounts have been incorporated into the Debtors trial balance for the purposes of these financial statements. |
(4) | Intercompany accounts included in the Debtors trial balances. In addition to outstanding balances with BUFS and CRE America Corp. (CRE), BUFC listed intercompany loans to BankUnited, FSB ($11,114,391) and BU Realty Corporation ($4,625), both of which are not included in the filing of this jointly-administered case. |
(5) | Market value of investments in Malta Hedge Fund II, LP and SOAM Capital Partners, LP per the latest month-end or quarter-end statements provided. |
Page 5 of 5
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 10 of 57
ATTACHMENT 1
MONTHLY ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Reporting Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 | |||||
ACCOUNTS RECEIVABLE AT PETITION DATE: | UNKNOWN |
ACCOUNTS RECEIVABLE RECONCILIATION
(Include all accounts receivable, pre-petition and post-petition, including charge card sales which have not been received):
Beginning of Month Balance |
$ | 16,163 | (a) | |
PLUS: Current Month New Billings |
$ | | ||
MINUS: Collection During the Month |
$ | | (b) | |
PLUS/MINUS: Adjustments or Writeoffs |
$ | | * | |
End of Month Balance |
$ | 16,163 | (c) | |
* | For any adjustments or Write-offs provide explanation and supporting documentation, if applicable: |
NA
POST PETITION ACCOUNTS RECEIVABLE AGING
(Show the total for each aging category for all accounts receivable)
0-30 Days | 31-60 Days | 61-90 Days | Over 90 Days | Total | ||||||||||
$ | | $ | | $ | | $ | 16,163 | $ | 16,163 | (c) | ||||
For any receivables in the Over 90 Days category, please provide the following:
Customer
|
Receivable Date |
Status (Collection efforts taken, estimate of collectibility, write-off, disputed account, etc.) | ||
None | ||||
(a) | This number is carried forward from last months report. For the first report only, this number will be the balance as of the petition date. |
(b) | This must equal the number reported in the Current Month column of Schedule of Receipts and Disbursements (Page MOR-2, Line 2B). |
(c) | These two amounts must equal. |
MOR-4
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 11 of 57
ATTACHMENT 2
MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Report Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 |
In the space below list all invoices or bills incurred and not paid since the filing of the petition. Do not include amounts owed prior to filing the petition. In the alternative, a computer generated list of payables may be attached provided all information requested below is included.
POST-PETITION ACCOUNTS PAYABLE
Date Incurred |
Days |
Vendor |
Description |
Amount | ||||||
None |
|
|
|
|||||||
|
|
|
||||||||
|
|
|
||||||||
|
|
|
||||||||
|
|
|
||||||||
|
|
|
||||||||
|
|
|
||||||||
TOTAL AMOUNT |
$ | | (b) | |||||||
¨ | Check here if pre-petition debts have been paid. Attach an explanation and copies of supporting documentation. |
ACCOUNTS PAYABLE RECONCILIATION (Post Petition Unsecured Debt Only)
Opening Balance |
None (a) |
|||
PLUS: New Indebtedness Incurred This Month |
$ | | ||
MINUS: Amount Paid on Post Petition, Accounts Payable This Month |
$ | | ||
PLUS/MINUS: Adjustments |
$ | | * | |
Ending Month Balance |
$ | | (c) | |
* | For any adjustments provide explanation and supporting documentation, if applicable. |
SECURED PAYMENTS REPORT
List the status of Payments to Secured Creditors and Lessors (Post Petition Only). If you have entered into a modification agreement with a secured creditor/lessor, consult with your attorney and the United States Trustee Program prior to completing this section).
Secured Creditor / Lessor | Date Payment Due This Month |
Amount Paid This Month |
Number of Post Petition Payments Delinquent |
Total Amount of Post Petition Payments Delinquent | ||||||
|
||||||||||
None |
||||||||||
|
||||||||||
|
||||||||||
|
||||||||||
|
||||||||||
TOTAL |
$ | | (d) | |||||||
(a) |
This number is carried forward from last months report. For the first report only, this number will be zero. | |
(b, c) |
The total of line (b) must equal line (c). | |
(d) |
This number is reported in the Current Month column of Schedule of Receipts and Disbursements (Page MOR-2, Line 5N). |
MOR-5
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 12 of 57
ATTACHMENT 3
INVENTORY AND FIXED ASSETS REPORT
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Reporting Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 |
INVENTORY REPORT
INVENTORY BALANCE AT PETITION DATE: |
None | |||
INVENTORY RECONCILIATION: |
||||
Inventory Balance at Beginning of Month |
$ | | (a) | |
PLUS: Inventory Purchased During Month |
$ | | ||
MINUS: Inventory Used or Sold |
$ | | ||
PLUS/MINUS: Adjustments or Write-downs |
$ | | * | |
Inventory on Hand at End of Month |
$ | | ||
METHOD OF COSTING INVENTORY: |
NA |
* | For any adjustments or write-downs provide explanation and supporting documentation, if applicable. |
INVENTORY AGING
Less than 6 months old |
6 months to 2 years old |
Greater than 2 years old |
Considered Obsolete |
Total Inventory |
|||||||||
| % | | % | | % | | % | 100 | %* |
* | Aging Percentages must equal 100%. |
¨ | Check here if inventory contains perishable items. |
Description of Obsolete Inventory: | NA |
FIXED ASSET REPORT
FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE: | UNKNOWN | (b) | ||
(Includes Property, Plant and Equipment) |
BRIEF DESCRIPTION (First Report Only): | NA | |
| ||
|
FIXED ASSETS RECONCILIATION: |
||||
Fixed Assets Book Value at Beginning of Month |
$ | | (a)(b) | |
MINUS: Depreciation Expense |
$ | | ||
PLUS: New Purchases |
$ | | ||
PLUS/MINUS: Adjustments or Write-downs |
$ | | * | |
Ending Monthly Balance |
$ | | ||
* | For any adjustments or write-downs, provide explanation and supporting documentation, if applicable. |
BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE REPORTING | ||
PERIOD: | NA | |
|
(a) | This number is carried forward from last months report. For the first report only, this number will be the balance as of the petition date. |
(b) | Fair Market Value is the amount at which fixed assets could be sold under current economic conditions. Book Value is the cost of the fixed assets minus accumulated depreciation and other adjustments. |
MOR-6
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 13 of 57
ATTACHMENT 4A
MONTHLY SUMMARY OF BANK ACTIVITY - OPERATING ACCOUNT (Checking, Post-Petition)
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Report Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 |
Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/index.htm. If bank accounts other than the three required by the United States Trustee Program are necessary, permission must be obtained from the United States Trustee prior to opening the accounts. Additionally, use of less than the three required bank accounts must be approved by the United States Trustee.
NAME OF BANK: | JPMorgan Chase |
BRANCH: | New York, New York | |||
ACCOUNT NAME: | BankUnited Financial Corp., DIP |
ACCOUNT NUMBER: | xxxxx2430 | |||
PURPOSE OF ACCOUNT: | OPERATING (Checking) |
Ending Balance per Bank Statement |
$ | 16,595 | ||
Plus Total Amount of Outstanding Deposits |
$ | 228,158 | ||
Minus Total Amount of Outstanding Checks and other debits |
$ | (239,158 | )* | |
Minus Service Charges |
$ | | ||
Ending Balance per Check Register |
$ | 5,595 | **(a) | |
*Debit cards are used by | NA | |
|
**If Closing Balance is negative, provide explanation: | NA | |
|
The following disbursements were paid in Cash (do not includes items reported as Petty Cash on Attachment 4D:
( ¨ Check here if cash disbursements were authorized by United States Trustee)
Date | Amount | Payee | Purpose | Reason for Cash Disbursement | ||||
None | ||||||||
TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS
Total Amount of Outstanding Checks and other debits, listed above, includes:
$ | | Transferred to Payroll Account | |
$ | | Transferred to Tax Account | |
$ | | Transferred to BankUnited Financial Corp. - MMA | |
$ | | Transferred to BankUnited Financial Services - MMA | |
$ | | Transferred to BU Realty Corporation - MMA | |
$ | | Transferred to CRE America Corporation - MMA |
(a) | The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as Ending Balance on Schedule of Receipts and Disbursements (Page MOR-2, Line 7). |
MOR-7
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 14 of 57
ATTACHMENT 5A
CHECK REGISTER - OPERATING ACCOUNT (Checking, Post-Petition)
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) |
Report Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 |
NAME OF BANK: | JPMorgan Chase |
BRANCH: | New York, New York |
ACCOUNT NAME: | BankUnited Financial Corp., DIP |
ACCOUNT NUMBER: | xxxxx2430 | |||||
PURPOSE OF ACCOUNT: | OPERATING (Checking) |
Account for all disbursements, including voids, lost checks, stop payments, etc. In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.
DATE |
CHECK NUMBER |
PAYEE |
PURPOSE |
AMOUNT | |||||
01/04/2010 | 1066 | Epic Bankruptcy Solutions | Notice, balloting and Creditor Committee website agent | $ | 90 | ||||
01/04/2010 | 1067 | Epic Bankruptcy Solutions | Notice, balloting and Creditor Committee website agent | $ | 4,930 | ||||
01/04/2010 | 1068 | Epic Bankruptcy Solutions | Notice, balloting and Creditor Committee website agent | $ | 5,647 | ||||
01/14/2010 | 1069 | FL Dept. of State | Annual filing fees - BU Realty | $ | 150 | ||||
01/15/2010 | FEE | J.P. Morgan | Bank Fees | $ | 99 | ||||
VOID |
1070 | VOID | VOID | $ | | ||||
01/20/2010 | 1071 | U.S. Trustee | Quarterly Fees | $ | 6,500 | ||||
01/25/2010 | 1072 | Development Specialists, Inc. | Financial Advisor Fees (Debtor) | $ | 6,386 | ||||
01/25/2010 | 1073 | Greenberg Traurig | Legal Fees (Debtor) | $ | 119,312 | ||||
01/25/2010 | 1074 | PriceWaterhouseCoopers | Tax Preparer Fees | $ | 2,795 | ||||
01/25/2010 | 1075 | Kilpatrick Stockton LLP | Legal Fees (Creditors) | $ | 63,445 | ||||
01/25/2010 | 1076 | J.H. Cohn | Financial Advisor Fees (Creditors) | $ | 5,285 | ||||
01/25/2010 | 1077 | Kozyak Tropin | Legal Fees (Creditors) | $ | 30,935 | ||||
TOTAL |
$ | 245,573 | |||||||
MOR-8
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 15 of 57
January 01, 2009 - | ||||||||
January 29, 2009 | ||||||||
JPMORGAN CHASE BANK, N.A. NORTHEAST MARKET P O BOX 260180 BATON ROUGE LA 70826-0180 |
Page 1 of 2 | |||||||
Account Number XXXXXXXXXX22430 |
||||||||
|
| |||||||
Customer Service
|
||||||||
BANKUNITED FINANCIAL CORPORATION DEBTOR BANKUNITED FINANCIAL CORPORATION DEBTOR IN POSSESION C/O DSI 200 S BISCAYNE BLVD STE 1818 MIAMI FL 33131-2329 |
If you have any questions about your statement, please contact your Customer Service Professional. |
The Bank strictly prohibits the use of any account to conduct transactions (including, without limitation, the acceptance or receipt of credit or other receipt of funds through an electronic funds transfer, or by check, draft or similar instrument, or the proceeds of any of the forgoing) that are related, directly or indirectly, to unlawful Internet gambling. The term unlawful Internet gambling, as used in this notice, shall have its meaning set forth in 12 C.F.R. Section Part 233, Section 132.2(bb). The Customer shall not conduct any transactions through the account that directly or indirectly involve or are related to unlawful Internet gambling, including, without limitation, the acceptance or receipt of any funds or deposits in connection therewith.
Commercial Checking
Summary
Number | Amount | ||||||
Opening Ledger Balance |
$ | 129,543.32 | |||||
Deposits and Credits |
3 | $ | 17,315.88 | ||||
Withdrawals and Debits |
1 |
$ | 99.18 | ||||
Checks Paid |
12 |
$ | 130,164.95 | ||||
Ending Ledger Balance |
$ | 16,595.07 |
Deposits and Credits
Ledger Date |
Description |
Amount | |||
01/07 | Online Transfer from MMA XXXXX2448 transaction#: 302325138 | $ | 10,665.88 | ||
01/14 | Online Transfer from MMA XXXXX2612 transaction#: 305611651 | $ | 150.00 | ||
01/22 | Online Transfer from MMA XXXXX2448 transaction#: 309175686 | $ | 6,500.00 | ||
Total |
$ | 17,315.88 |
Please examine this statement of account at once. By continuing to use the account, you agree that: (1) the account is subject to the Banks deposit account agreement, and (2) the Bank has no responsibility for any error in or improper charge to the account (including any unauthorized or altered check) unless you notify us in writing of this error or charge within sixty days of the mailing or availability of the first statement on which the error or charge appears.
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 16 of 57
January 01, 2010 - January 29, 2010 |
||||
Page 2 of 2 | ||||
Account Number XXXXXXXXXX22430 |
||||
BANKUNITED FINANCIAL CORPORATION DEBTOR BANKUNITED FINANCIAL CORPORATION DEBTOR IN POSSESION |
Commercial Checking
(continued)
Withdrawals and Debits
Ledger Date
|
Description
|
Amount
| |||
01/15 |
ACCOUNT ANALYSIS SETTLEMENT CHARGE | $ | 99.18 | ||
Total |
$ | 99.18 |
Checks Paid
Check
|
Date Paid
|
Amount
|
Check
|
Date Paid
|
Amount
|
Check
|
Date Paid
|
Amount
| ||||||||||||
1054 | 01/07 | $ | 4,500.00 | 1060 | 01/04 | $ | 11,936.91 | 1066 | 01/19 | $ | 89.60 | |||||||||
1055 | 01/05 | $ | 4,500.00 | 1062 | * | 01/06 | $ | 2,384.00 | 1067 | 01/19 | $ | 4,929.50 | ||||||||
1058* | 01/12 | $ | 4,500.00 | 1064 | * | 01/05 | $ | 31,899.97 | 1068 | 01/19 | $ | 5,646.78 | ||||||||
1059 | 01/04 | $ | 30,000.00 | 1065 | 01/06 | $ | 29,628.19 | 1069 | 01/20 | $ | 150.00 | |||||||||
Total 12 check(s) |
$ | 130,164.95 |
* | indicates gap in sequence |
Daily Balance
Your service charges, fees and earnings credit have been calculated through account analysis.
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 17 of 57
11:29 AM | BankUnited Financial Corporation, et al., DIP | |
Reconciliation Summary | ||
02/09/10 | BUFC, DIP - Checking (2430), Period Ending 01/29/2010 |
Jan 29, 10 | ||||
Beginning Balance |
129,543.32 | |||
Cleared Transactions |
||||
Checks and Payments -13 items |
-130,264.13 | |||
Deposits and Credits - 3 items |
17,315.88 | |||
Total Cleared Transactions |
-112,948.25 | |||
Cleared Balance |
16,595.07 | |||
Uncleared Transactions |
||||
Checks and Payments - 8 items |
-239,158.08 | |||
Deposits and Credits - 2 items |
228,158.08 | |||
Total Uncleared Transactions |
-11,000.00 | |||
Register Balance as of 01/29/2010 |
5,595.07 | |||
Ending Balance |
5,595.07 |
Page 1
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 18 of 57
11:29 AM | BankUnited Financial Corporation, et al., DIP | |||
Reconciliation Detail | ||||
02/09/10 | BUFC, DIP - Checking (2430), Period Ending 01/29/2010 |
Type |
Date |
Num | Name |
Clr | Amount | Balance | ||||||
Beginning Balance |
129,543.32 | |||||||||||
Cleared Transactions |
||||||||||||
Checks and Payments - 13 items |
||||||||||||
Check |
12/23/2009 | 1058 | Danielle Camner Li... | X | -4,500.00 | -4,500.00 | ||||||
Check |
12/23/2009 | 1054 | Doyle C. Bartlet | X | -4,500.00 | -9,000.00 | ||||||
Check |
12/23/2009 | 1055 | Lester M. Bliwise | X | -4,500.00 | -13,500.00 | ||||||
Check |
12/31/2009 | 1064 | J. H. Cohn | X | -31,899.97 | -45,399.97 | ||||||
Check |
12/31/2009 | 1059 | Development Speci... | X | -30,000.00 | -75,399.97 | ||||||
Check |
12/31/2009 | 1065 | Kozyak Tropin | X | -29,628.19 | -105,028.16 | ||||||
Check |
12/31/2009 | 1060 | Development Speci... | X | -11,936.91 | -116,965.07 | ||||||
Check |
12/31/2009 | 1062 | PriceWaterhouseC... | X | -2,384.00 | -119,349.07 | ||||||
Check |
1/4/2010 | 1068 | Epiq Bankruptcy So... | X | -5,646.78 | -124,995.85 | ||||||
Check |
1/4/2010 | 1067 | Epiq Bankruptcy So... | X | -4,929.50 | -129,925.35 | ||||||
Check |
1/4/2010 | 1066 | Epiq Bankruptcy So... | X | -89.60 | -130,014.95 | ||||||
Check |
1/14/2010 | 1069 | Florida Department... | X | -150.00 | -130,164.95 | ||||||
1/15/2010 | JPMorgan Chase | X
|
-99.18 | -130,264.13 | ||||||||
Total Checks and Payments |
-130,264.13 | -130,264.13 | ||||||||||
Deposits and Credits - 3 items |
||||||||||||
Deposit |
1/4/2010 | BankUnited Financi... | X | 10,665.88 | 10,665.88 | |||||||
Check |
1/14/2010 | BankUnited Financi... | X | 150.00 | 10,815.88 | |||||||
Check |
1/20/2010 | BankUnited Financi... | X | 6,500.00 | 17,315.88 | |||||||
Total Deposits and Credits |
17,315.88 | 17,315.88 | ||||||||||
Total Cleared Transactions |
-112,948.25 | -112,948.25 | ||||||||||
Cleared Balance |
-112,948.25 | 16,595.07 | ||||||||||
Uncleared Transactions |
||||||||||||
Checks and Payments - 8 items |
||||||||||||
Check |
12/23/2009 | 1057 | Gol Kalev | -4,500.00 | -4,500.00 | |||||||
Check |
1/20/2010 | 1071 | U. S. Trustee | -6,500.00 | -11,000.00 | |||||||
Check |
1/25/2010 | 1073 | Greenberg Traurig | -119,312.22 | -130,312.22 | |||||||
Check |
1/25/2010 | 1075 | Kilpatrick Stockton... | -63,445.15 | -193,757.37 | |||||||
Check |
1/25/2010 | 1077 | Kozyak Tropin | -30,934.87 | -224,692.24 | |||||||
Check |
1/25/2010 | 1072 | Development Speci... | -6,385.54 | -231,077.78 | |||||||
Check |
1/25/2010 | 1076 | J. H. Cohn | -5,285.12 | -236,362.90 | |||||||
Check |
1/25/2010 | 1074 | PriceWaterhouseC... | -2,795.18 | -239,158.08 | |||||||
Total Checks and Payments |
-239,158.08 | -239,158.08 | ||||||||||
Deposits and Credits - 2 items |
||||||||||||
Check |
10/16/2009 | 1036 | Void | 0.00 | 0.00 | |||||||
Check |
1/25/2010 | BankUnited Financi... | 228,158.08 | 228,158.08 | ||||||||
Total Deposits and Credits |
228,158.08 | 228,158.08 | ||||||||||
Total Uncleared Transactions |
-11,000.00 | -11,000.00 | ||||||||||
Register Balance as of 01/29/2010 |
-123,948.25 | 5,595.07 | ||||||||||
Ending Balance |
123,948.25 | 5,595.07 | ||||||||||
Page 1
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 19 of 57
ATTACHMENT 4A (2)
MONTHLY SUMMARY OF BANK ACTIVITY - OPERATING ACCOUNT (Money Market, Post-Petition)
Name of Debtor: |
BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Report Period Beginning: |
January 1, 2010 |
Period Ending: | January 31, 2010 |
Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/index.htm. If bank accounts other than the three required by the United States Trustee Program are necessary, permission must be obtained from the United States Trustee prior to opening the accounts. Additionally, use of less than the three required bank accounts must be approved by the United States Trustee.
NAME OF BANK: | JPMorgan Chase |
BRANCH: | New York, New York | |||
ACCOUNT NAME: | BankUnited Financial Corp., DIP |
ACCOUNT NUMBER: | xxxxx2448 |
PURPOSE OF ACCOUNT: | Money Market |
Ending Balance per Bank Statement |
$ | 13,278,791 | ||
Plus Total Amount of Outstanding Deposits |
$ | | ||
Minus Total Amount of Outstanding Checks and other debits |
$ | (228,158 | )* | |
Minus Service Charges |
$ | | ||
Ending Balance per Check Register |
$ | 13,050,633 | **(a) | |
*Debit cards are used by | NA |
**If Closing Balance is negative, provide explanation: | NA | |
|
The following disbursements were paid in Cash (do not includes items reported as Petty Cash on Attachment 4D:
( ¨ Check here if cash disbursements were authorized by United States Trustee)
Date | Amount | Payee | Purpose | Reason for Cash Disbursement | ||||
None | ||||||||
TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS
Total Amount of Outstanding Checks and other debits, listed above, includes:
$ | | Transferred to Payroll Account | |
$ | | Transferred to Tax Account | |
$ | (228,158) | Transferred to BankUnited Financial Corp. - Operating | |
$ | | Transferred to BankUnited Financial Services - MMA | |
$ | | Transferred to BU Realty Corporation - MMA | |
$ | | Transferred to CRE America Corporation - MMA | |
(a) | The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as Ending Balance on Schedule of Receipts and Disbursements (Page MOR-2, Line 7). |
MOR-7 (2)
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 20 of 57
ATTACHMENT 5A (2)
CHECK REGISTER - OPERATING ACCOUNT (Money Market, Post-Petition)
Name of Debtor: | BANKUNITED FINANCIAL |
Case Number: | 09-19940-LMI | |||
(Jointly Administered) |
Report Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 |
NAME OF BANK: | JPMorgan Chase |
BRANCH: | New York, New York |
ACCOUNT NAME: | BankUnited Financial Corp., DIP |
ACCOUNT NUMBER: | xxxxx2448 | |
PURPOSE OF ACCOUNT: | Money Market |
Account for all disbursements, including voids, lost checks, stop payments, etc. In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.
DATE |
CHECK NUMBER |
PAYEE |
PURPOSE |
AMOUNT | ||||
01/04/10 | TRSFR | BUFC, DIP Checking (2430) |
Transfer for operating expenses / prof fees |
$10,666 | ||||
01/20/10 | TRSFR | BUFC, DIP Checking (2430) |
Transfer for operating expenses / prof fees |
$6,500 | ||||
01/25/10 | TRSFR | BUFC, DIP Checking (2430) |
Transfer for operating expenses / prof fees |
$228,158 | ||||
TOTAL | $245,324 | |||||||
MOR-8 (2)
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 21 of 57
|
January 01, 2010 |
| ||||
JPMORGAN CHASE BANK, N.A. NORTHEAST MARKET P O BOX 260180 BATON ROUGE LA 70826-0180 |
January 29, 2010 |
|||||
Page 1 of 2 |
||||||
Account Number XXXXXXXXXX22448 |
||||||
|
||||||
Customer Service
|
||||||
BANKUNITED FINANCIAL CORPORATION DEBTOR BANKUNITED FINANCIAL CORPORATION DEBTOR IN POSSESSION 200 S BISCAYNE BLVD STE 1818 MIAMI FL 33131-2329 |
If you have any questions about your statement, please contact your Customer Service Professional. |
The Bank strictly prohibits the use of any account to conduct transactions (including, without limitation, the acceptance or receipt of credit or other receipt of funds through an electronic funds transfer, or by check, draft or similar instrument, or the proceeds of any of the forgoing) that are related, directly or indirectly, to unlawful Internet gambling. The term unlawful Internet gambling, as used in this notice, shall have its meaning set forth in 12 C.F.R. Section Part 233, Section 132.2(bb). The Customer shall not conduct any transactions through the account that directly or indirectly involve or are related to unlawful Internet gambling, including, without limitation, the acceptance or receipt of any funds or deposits in connection therewith.
JPMorgan Premier MMDA
Summary
Number | Amount | ||||
Opening Ledger Balance |
$ | 13,295,445.45 | |||
Deposits and Credits |
1 |
$ | 511.70 | ||
Withdrawals and Debits |
2 |
$ | 17,165.88 | ||
Checks Paid |
0 |
$ | .00 | ||
Ending Ledger Balance |
$ | 13,278,791.27 |
Average Ledger Balance |
$13,285,210.00 | ||||||||
Interest Credited this period |
$511.70 | Interest Credited Year to Date | $ | 511.70 |
Interest Rate(s): |
01/01 to 01/07 at 0.05% | |||
01/08 to 01/21 at 0.03% | ||||
01/22 to 01/29 at 0.08% |
Please examine this statement of account at once. By continuing to use the account, you agree that: (1) the account is subject to the Banks deposit account agreement, and (2) the Bank has no responsibility for any error in or improper charge to the account (including any unauthorized or altered check) unless you notify us in writing of this error or charge within sixty days of the mailing or availability of the first statement on which the error or charge appears.
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 22 of 57
January 01, 2010 - January 29, 2010 |
||||
Page 2 of 2 | ||||
Account Number XXXXXXXXXX22448 |
||||
BANKUNITED FINANCIAL CORPORATION DEBTOR BANKUNITED FINANCIAL CORPORATION DEBTOR IN POSSESSION |
JPMorgan Premier MMDA
(continued)
Deposits and Credits
Ledger Date
|
Description
|
Amount
| |||
01/29 |
INTEREST PAYMENT | $ | 511.70 | ||
Total | $ | 511.70 |
Withdrawals and Debits
Ledger Date
|
Description
|
Amount
| |||
01/07 |
Online Transfer to CHK XXXXX2430 transaction#: 302325138 |
$ | 10,665.88 | ||
01/22 |
Online Transfer to CHK XXXXX2430 transaction#: 309175686 |
$ | 6,500.00 | ||
Total |
$ | 17,165.88 |
Daily Balance
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 23 of 57
11:27 AM | BankUnited Financial Corporation, et al., DIP | |
Reconciliation Summary | ||
02/09/10 | BUFC, DIP - MMA (2448), Period Ending 1/29/2010 |
Jan 29, 09 | ||||
Beginning Balance |
13,295,445.45 | |||
Cleared Transactions |
||||
Checks and Payments - 2 items |
-17,165.88 | |||
Deposits and Credits -1 items |
511.70 | |||
Total Cleared Transactions |
-16,654.18 | |||
Cleared Balance |
13,278,791.27 | |||
Uncleared Transactions |
||||
Checks and Payments - 1 item |
-228,158.08 | |||
Total Uncleared Transactions |
-228,158.08 | |||
Register Balance as of 1/29/2010 |
13,050,633.19 | |||
Ending Balance |
13,050,633.19 |
Page 1
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 24 of 57
11:27 AM | BankUnited Financial Corporation, et al., DIP | |||
Reconciliation Detail | ||||
02/09/10 | BUFC, DIP - MMA (2448), Period Ending 01/29/2010 |
Type |
Date |
Num | Name |
Clr | Amount | Balance | ||||||
Beginning Balance |
13,295,445.45 | |||||||||||
Cleared Transactions |
||||||||||||
Checks and Payments - 2 items |
||||||||||||
Deposit |
1/4/2010 | BankUnited Financi... | X | -10,665.88 | -10,665.88 | |||||||
Check |
1/20/2010 | BankUnited Financi... | X | -6,500.00 | -17,165.88 | |||||||
Total Checks and Payments |
-17,165.88 | -17,165.88 | ||||||||||
Deposits and Credits - 1 item |
||||||||||||
Deposit |
1/29/2010 | JPMorgan Chase | X | 511.70 | 511.70 | |||||||
Total Deposits and Credits |
511.70 | 511.70 | ||||||||||
Total Cleared Transactions |
-16,654.18 | -16,654.18 | ||||||||||
Cleared Balance |
-16,654.18 | 13,278,791.27 | ||||||||||
Uncleared Transactions |
||||||||||||
Checks and Payments - 1 item |
||||||||||||
Check |
1/25/2010 | BankUnited Financi... | -228,158.08 | -228,158.08 | ||||||||
Total Checks and Payments |
-228,158.08 | -228,158.08 | ||||||||||
Total Uncleared Transactions |
-228,158.08 | -228,158.08 | ||||||||||
Register Balance as of 01/29/2010 |
-244,812.26 | 13,050,633.19 | ||||||||||
Ending Balance |
-244,812.26 | 13,050,633.19 | ||||||||||
Page 1
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 25 of 57
ATTACHMENT 4A (3)
MONTHLY SUMMARY OF BANK ACTIVITY - OPERATING ACCOUNT (Post-Petition)
Name of Debtor: |
BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Report Period Beginning: |
January 1, 2010 |
Period Ending: | January 31, 2010 |
Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/index.htm. If bank accounts other than the three required by the United States Trustee Program are necessary, permission must be obtained from the United States Trustee prior to opening the accounts. Additionally, use of less than the three required bank accounts must be approved by the United States Trustee.
NAME OF BANK: | JPMorgan Chase |
BRANCH: | New York, New York | |||
ACCOUNT NAME: | BankUnited Financial Services, DIP |
ACCOUNT NUMBER: | xxxxx2471 |
PURPOSE OF ACCOUNT: | Operating (Money Market) |
Ending Balance per Bank Statement |
$ | 2,130,658 | ||
Plus Total Amount of Outstanding Deposits |
$ | | ||
Minus Total Amount of Outstanding Checks and other debits |
$ | (325 | )* | |
Minus Service Charges |
$ | | ||
Ending Balance per Check Register |
$ | 2,130,333 | **(a) | |
*Debit cards are used by | NA |
**If Closing Balance is negative, provide explanation: | NA | |
|
The following disbursements were paid in Cash (do not includes items reported as Petty Cash on Attachment 4D:
( ¨ Check here if cash disbursements were authorized by United States Trustee)
Date | Amount | Payee | Purpose | Reason for Cash Disbursement | ||||
None | ||||||||
TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS
Total Amount of Outstanding Checks and other debits, listed above, includes:
$ | | Transferred to Payroll Account | |
$ | | Transferred to Tax Account | |
$ | | Transferred to BankUnited Financial Corp. - Operating | |
$ | | Transferred to BankUnited Financial Corp. - MMA | |
$ | | Transferred to BU Realty Corporation - MMA | |
$ | | Transferred to CRE America Corporation - MMA | |
(a) | The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as Ending Balance on Schedule of Receipts and Disbursements (Page MOR-2, Line 7). |
MOR-7 (3)
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 26 of 57
ATTACHMENT 5A (3)
CHECK REGISTER - OPERATING ACCOUNT (Post-Petition)
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||
(Jointly Administered) |
Report Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 |
NAME OF BANK: | JPMorgan Chase |
BRANCH: | New York, New York |
ACCOUNT NAME: | BankUnited Financial Services, DIP |
ACCOUNT NUMBER: | xxxxx2471 | |
PURPOSE OF ACCOUNT: | Operating (Money Market) |
Account for all disbursements, including voids, lost checks, stop payments, etc. In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.
DATE |
CHECK NUMBER |
PAYEE |
PURPOSE |
AMOUNT | |||||
01/20/10 | 1003 | U.S. Trustee | Quarterly Fees | $325.00 | |||||
TOTAL |
$ | 325.00 | |||||||
MOR-8 (3)
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 27 of 57
January 01, 2010 - | ||||||||
January 29, 2010 | ||||||||
JPMORGAN CHASE BANK, N.A. NORTHEAST MARKET P O BOX 260180 BATON ROUGE LA 70826-0180 |
Page 1 of 2 |
|||||||
Account Number XXXXXXXXXX22471 |
||||||||
|
| |||||||
Customer Service
|
||||||||
BANKUNITED FINANCIAL SERVICES DEBTOR IN BANKUNITED FINANCIAL SERVICES DEBT IN POSSESSION CO DSI 200 S BISCAYNE BLVD STE 1818 MIAMI FL 33131-2329 |
If you have any questions about your statement, please contact your Customer Service Professional. |
The Bank strictly prohibits the use of any account to conduct transactions (including, without limitation, the acceptance or receipt of credit or other receipt of funds through an electronic funds transfer, or by check, draft or similar instrument, or the proceeds of any of the forgoing) that are related, directly or indirectly, to unlawful Internet gambling. The term unlawful Internet gambling, as used in this notice, shall have its meaning set forth in 12 C.F.R. Section Part 233, Section 132.2(bb). The Customer shall not conduct any transactions through the account that directly or indirectly involve or are related to unlawful Internet gambling, including, without limitation, the acceptance or receipt of any funds or deposits in connection therewith.
JPMorgan Premier MMDA
Summary
Number | Amount | |||||||||
Opening Ledger Balance
|
$
|
2,130,575.68
| ||||||||
Deposits and Credits
|
1
|
$
|
82.06
| |||||||
Withdrawals and Debits
|
0
|
$
|
.00
| |||||||
Checks Paid
|
0
|
$
|
.00
| |||||||
Ending Ledger Balance
|
$
|
2,130,657.74
| ||||||||
Average Ledger Balance
|
$
|
2,130,578.00
|
||||||||
Interest Credited this period |
$ | 82.06 | Interest Credited Year to Date | $ | 82.06 |
Interest Rate(s): |
01/01 to 01/07 at 0.05% | |||
01/08 to 01/21 at 0.05% | ||||
01/02 to 01/29 at 0.05% |
Please examine this statement of account at once. By continuing to use the account, you agree that: (1) the account is subject to the Banks deposit account agreement, and (2) the Bank has no responsibility for any error in or improper charge to the account (including any unauthorized or altered check) unless you notify us in writing of this error or charge within sixty days of the mailing or availability of the first statement on which the error or charge appears.
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 28 of 57
January 01, 2010 - January 29, 2010 | ||
Page 2 of 2 | ||
Account Number XXXXXXXXXX22471 | ||
BANKUNITED FINANCIAL SERVICES DEBTOR IN BANKUNITED FINANCIAL SERVICES DEBT IN POSSESSION |
JPMorgan Premier MMDA
(continued)
Deposits and Credits
Ledger Date
|
Description
|
Amount
| |||
01/29 | INTEREST PAYMENT
|
$ | 82.06 | ||
Total | $ | 82.06 |
Daily Balance
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 29 of 57
11:06 AM | BankUnited Financial Corporation, et al., DIP Reconciliation Summary BUFS, DIP - MMA (2471), Period Ending 01/29/2010 |
|||
02/08/10 |
Jan 29, 10 | ||||
Beginning Balance |
2,130,575.68 | |||
Cleared Transactions |
||||
Deposits and Credits - 1 item |
82.06 | |||
Total Cleared Transactions |
82.06 | |||
Cleared Balance |
2,130,657.74 | |||
Uncleared Transactions |
||||
Checks and Payments - 1 item |
-325.00 | |||
Total Uncleared Transactions |
-325.00 | |||
Register Balance as of 01/29/2010 |
2,130,332.74 | |||
Ending Balance |
2,130,332.74 |
Page 1
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 30 of 57
11:06 AM | BankUnited Financial Corporation, et al., DIP | |
Reconciliation Detail | ||
02/08/10 | BUFS, DIP - MMA (2471), Period Ending 01/29/2010 |
Type |
Date |
Num | Name |
Clr | Amount | Balance | ||||||
Beginning Balance |
2,130,575.68 | |||||||||||
Cleared Transactions |
||||||||||||
Deposits and Credits -1 item |
||||||||||||
Deposit |
1/29/2010 | Interest | X | 82.06 | 82.06 | |||||||
Total Deposits and Credits |
82.06 | 82.06 | ||||||||||
Total Cleared Transactions |
82.06 | 82.06 | ||||||||||
Cleared Balance |
82.06 | 2,130,657.74 | ||||||||||
Uncleared Transactions |
||||||||||||
Checks and Payments -1 item |
||||||||||||
Check |
1/20/2010 |
1003 | U.S. Trustee | -325.00 | -325.00 | |||||||
Total Checks and Payments |
-325.00 | -325.00 | ||||||||||
Total Uncleared Transactions |
-325.00 | -325.00 | ||||||||||
Register Balance as of |
01/29/2010 | -242.94 | 2,130,332.74 | |||||||||
Ending Balance |
-242.94 | 2,130,332.74 | ||||||||||
Page 1
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 31 of 57
ATTACHMENT 4A (4)
MONTHLY SUMMARY OF BANK ACTIVITY - OPERATING ACCOUNT (Post-Petition)
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||
(Jointly Administered) |
Report Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 |
Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/index.htm. If bank accounts other than the three required by the United States Trustee Program are necessary, permission must be obtained from the United States Trustee prior to opening the accounts. Additionally, use of less than the three required bank accounts must be approved by the United States Trustee.
NAME OF BANK: | JPMorgan Chase |
BRANCH: | New York, New York | |||
ACCOUNT NAME: | BU Realty Corporation |
ACCOUNT NUMBER: | xxxxx2612 |
PURPOSE OF ACCOUNT: | Operating (Money Market) |
Ending Balance per Bank Statement |
$ | 30,408 | ||
Plus Total Amount of Outstanding Deposits |
$ | | ||
Minus Total Amount of Outstanding Checks and other debits |
$ | | * | |
Minus Service Charges |
$ | | ||
Ending Balance per Check Register |
$ | 30,408 | **(a) | |
*Debit cards are used by | NA |
**If Closing Balance is negative, provide explanation: | NA | |
|
The following disbursements were paid in Cash (do not includes items reported as Petty Cash on Attachment 4D:
( ¨ Check here if cash disbursements were authorized by United States Trustee)
Date | Amount | Payee | Purpose | Reason for Cash Disbursement | ||||
None | ||||||||
TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS
Total Amount of Outstanding Checks and other debits, listed above, includes:
$ | | Transferred to Payroll Account | |
$ | | Transferred to Tax Account | |
$ | | Transferred to BankUnited Financial Corp. - Operating | |
$ | | Transferred to BankUnited Financial Corp. - MMA | |
$ | | Transferred to BankUnited Financial Services - MMA | |
$ | | Transferred to CRE America Corporation - MMA |
(a) | The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as Ending Balance on Schedule of Receipts and Disbursements (Page MOR-2, Line 7). |
MOR-7 (4)
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 32 of 57
ATTACHMENT 5A (4)
CHECK REGISTER - OPERATING ACCOUNT (Post-Petition)
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Report Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 |
NAME OF BANK: | JPMorgan Chase |
BRANCH: | New York, New York |
ACCOUNT NAME: | BU Realty Corporation |
ACCOUNT NUMBER: | xxxxx2612 |
PURPOSE OF ACCOUNT: |
Operating (Money Market) |
Account for all disbursements, including voids, lost checks, stop payments, etc. In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.
DATE |
CHECK NUMBER |
PAYEE |
PURPOSE |
AMOUNT | |||||
01/14/10 | TRSFR | BUFC, DIP Checking (2430) | Reimb. annual filing fees paid | $ | 150 | ||||
TOTAL |
$ | 150 | |||||||
MOR-8 (4)
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 33 of 57
January 01, 2009 - |
| |||||||
January 29, 2009 | ||||||||
JPMORGAN CHASE BANK, N.A. NORTHEAST MARKET P O BOX 260180 BATON ROUGE LA 70826-0180 |
Page 1 of 2 |
|||||||
Account Number XXXXXXXXXX22612 |
||||||||
|
||||||||
Customer Service
|
||||||||
BU REALTY CORPORATION BU REALTY CORPORATION 200 S BISCAYNE BLVD STE 1818 MIAMI FL 33131-2329 |
If you have any questions about your statement, please contact your Customer Service Professional. |
The Bank strictly prohibits the use of any account to conduct transactions (including, without limitation, the acceptance or receipt of credit or other receipt of funds through an electronic funds transfer, or by check, draft or similar instrument, or the proceeds of any of the forgoing) that are related, directly or indirectly, to unlawful Internet gambling. The term unlawful Internet gambling, as used in this notice, shall have its meaning set forth in 12 C.F.R. Section Part 233, Section 132.2(bb). The Customer shall not conduct any transactions through the account that directly or indirectly involve or are related to unlawful Internet gambling, including, without limitation, the acceptance or receipt of any funds or deposits in connection therewith.
JPMorgan Premier MMDA
Summary
Number | Amount | |||||||||||
Opening Ledger Balance |
$ | 30,556.77 | ||||||||||
Deposits and Credits |
1 | $ | 1.17 | |||||||||
Withdrawals and Debits |
0 | $ | 150.00 | |||||||||
Checks Paid |
0 | $ | .00 | |||||||||
Ending Ledger Balance |
$ | 30,407.94 | ||||||||||
Average Ledger Balance |
$ | 30,474.00 | ||||||||||
Interest Credited this period |
$ | 1.17 | Interest Credited Year to Date | $ | 1.17 |
Interest Rate(s): |
01/01 to 01/07 at 0.05% | |||
01/08 to 01/21 at 0.03% | ||||
01/22 to 01/29 at 0.08% |
Please examine this statement of account at once. By continuing to use the account, you agree that: (1) the account is subject to the Banks deposit account agreement, and (2) the Bank has no responsibility for any error in or improper charge to the account (including any unauthorized or altered check) unless you notify us in writing of this error or charge within sixty days of the mailing or availability of the first statement on which the error or charge appears.
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 34 of 57
January 01, 2010 - January 29, 2010 |
||||
Page 2 of 2 | ||||
Account Number XXXXXXXXXX22612 |
||||
BU REALTY CORPORATION BU REALTY CORPORATION |
JPMorgan Premier MMDA
(continued)
Deposits and Credits
Ledger Date
|
Description
|
Amount
| |||
01/29 |
INTEREST PAYMENT | $ | 1.17 | ||
Total | $ | 1.17 |
Withdrawals and Debits
Ledger Date
|
Description
|
Amount
| |||
01/14 |
Online Transfer to CHK XXXXX2430 transaction#: 305611651 |
$ | 150.00 | ||
Total |
$ | 150.00 |
Daily Balance
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 35 of 57
11:29 AM | BankUnited Financial Corporation, et al., DIP | |
Reconciliation Summary | ||
02/09/10 | BU Realty - MMA, Period Ending 01/29/2010 |
Jan 29, 10 | ||
Beginning Balance |
30,556.77 | |
Cleared Transactions |
-150.00 | |
Deposits and Credits - 1 item |
1.17 | |
Total Cleared Transactions |
-148.83 | |
Cleared Balance |
30,407.94 | |
Register Balance as of 01/29/2010 |
30,407.94 | |
Ending Balance |
30,407.94 |
Page 1
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 36 of 57
11:29 AM |
BankUnited Financial Corporation, et al., DIP
|
|||
Reconciliation Detail
|
||||
02/09/10 |
BU Realty - MMA, Period Ending 01/29/2010 |
Type |
Date | Num | Name | Clr | Amount | Balance | ||||||
Beginning Balance |
30,556.77 | |||||||||||
Cleared Transactions |
||||||||||||
Check |
1/14/2010 | BankUnited Financi... | X | -150.00 | -150.00 | |||||||
Total Checks and Payments |
-150.00 | -150.00 | ||||||||||
Deposits and Credits - 1 item |
||||||||||||
Deposit |
1/29/2010 | Interest | X | 1.17 | 1.17 | |||||||
Total Deposits and Credits |
1.17 | 1.17 | ||||||||||
Total Cleared Transactions |
-148.83 | -148.83 | ||||||||||
Cleared Balance |
-148.83 | 30,407.94 | ||||||||||
Register Balance as of 01/29/2010 |
-148.83 | 30,407.94 | ||||||||||
Ending Balance |
-148.83 | 30,407.94 | ||||||||||
Page 1
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 37 of 57
ATTACHMENT 4A (5)
MONTHLY SUMMARY OF BANK ACTIVITY - OPERATING ACCOUNT (Post-Petition)
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Report Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 |
Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/index.htm. If bank accounts other than the three required by the United States Trustee Program are necessary, permission must be obtained from the United States Trustee prior to opening the accounts. Additionally, use of less than the three required bank accounts must be approved by the United States Trustee.
NAME OF BANK: | JPMorgan Chase |
BRANCH: | New York, New York | |||
ACCOUNT NAME: | CRE America Corp., Debtor in Possession |
ACCOUNT NUMBER: | xxxxx2463 |
PURPOSE OF ACCOUNT: | Operating (Money Market) |
Ending Balance per Bank Statement |
$ | 218,098 | ||
Plus Total Amount of Outstanding Deposits |
$ | | ||
Minus Total Amount of Outstanding Checks and other debits |
$ | (325 | ) * | |
Minus Service Charges |
$ | | ||
Ending Balance per Check Register |
$ | 217,773 | **(a) | |
*Debit cards are used by |
NA |
**If Closing Balance is negative, provide explanation: |
NA |
The following disbursements were paid in Cash (do not includes items reported as Petty Cash on Attachment 4D:
( ¨ Check here if cash disbursements were authorized by United States Trustee)
Date | Amount | Payee | Purpose | Reason for Cash Disbursement | ||||
None | ||||||||
TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS
Total Amount of Outstanding Checks and other debits, listed above, includes:
$ | | Transferred to Payroll Account | |
$ | | Transferred to Tax Account | |
$ | | Transferred to BankUnited Financial Corp. - Operating | |
$ | | Transferred to BankUnited Financial Corp. - MMA | |
$ | | Transferred to BankUnited Financial Services - MMA | |
$ | | Transferred to BU Realty Corporation - MMA | |
(a) | The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as Ending Balance on Schedule of Receipts and Disbursements (Page MOR-2, Line 7). |
MOR-7 (5)
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 38 of 57
ATTACHMENT 5A (5)
CHECK REGISTER - OPERATING ACCOUNT (Post-Petition)
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Report Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 |
NAME OF BANK: | JPMorgan Chase |
BRANCH: | New York, New York | |||
ACCOUNT NAME: | CRE America Corp., Debtor in Possession | |||||
ACCOUNT NUMBER: | xxxxx2463 | |||||
PURPOSE OF ACCOUNT: | Operating (Money Market) |
Account for all disbursements, including voids, lost checks, stop payments, etc. In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.
DATE |
CHECK NUMBER |
PAYEE |
PURPOSE |
AMOUNT | |||||
01/14/10 | 1004 | Fifth & Fifty Fifth Residence Club NY | 2010 annual Timeshare maintenance fees | $ | 20,966 | ||||
01/20/10 | 1005 | U.S. Trustee | Quarterly Fees | $ | 325 | ||||
TOTAL |
$ | 21,291 | |||||||
MOR-8 (5)
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 39 of 57
January 01, 2010 - January 29, 2010 |
| |||||||
JPMORGAN CHASE BANK, N.A. NORTHEAST MARKET P O BOX 260180 BATON ROUGE LA 70826-0180 |
Page 1 of 2 | |||||||
Account Number XXXXXXXXXX22463 |
||||||||
Customer Service
|
||||||||
00032463 CEN 802 3J 03010 - NNN T 1 000000000 C2 0000 CRE AMERICA CORP DEBTOR IN POSSESSION CRE AMERICA CORP DEBT IN POSSESSION CO DSI 200 SL BISCAYNE BLVD STE 1818 MIAMI FL 33131 |
If you have any questions about your statement, please contact your Customer Service Professional. |
The Bank strictly prohibits the use of any account to conduct transactions (including, without limitation, the acceptance or receipt of credit or other receipt of funds through an electronic funds transfer, or by check, draft or similar instrument, or the proceeds of any of the forgoing) that are related, directly or indirectly, to unlawful Internet gambling. The term unlawful Internet gambling, as used in this notice, shall have its meaning set forth in 12 C.F.R. Section Part 233, Section 132.2(bb). The Customer shall not conduct any transactions through the account that directly or indirectly involve or are related to unlawful Internet gambling, including, without limitation, the acceptance or receipt of any funds or deposits in connection therewith.
JPMorgan Premier MMDA
Summary
Number | Amount | ||||
Opening Ledger Balance |
$ | 239,055.28 | |||
Deposits and Credits |
1 | $ | 8.80 | ||
Withdrawals and Debits |
0 | $ | .00 | ||
Checks Paid |
1 | $ | 20,966.41 | ||
Ending Ledger Balance |
$ | 218,097.67 |
Average Ledger Balance |
$ | 231,825.00 | ||||||||
Interest Credited this period |
$ | 8.80 | Interest Credited Year to Date | $ | 8.80 |
Interest Rate(s): |
01/01 to 01/07 at 0.05 | % | |||||
01/08 to 01/21 at 0.03 | % | ||||||
01/22 to 01/29 at 0.08 | % |
Please examine this statement of account at once. By continuing to use the account, you agree that: (1) the account is subject to the Banks deposit account agreement, and (2) the Bank has no responsibility for any error in or improper charge to the account (including any unauthorized or altered check) unless you notify us in writing of this error or charge within sixty days of the mailing or availability of the first statement on which the error or charge appears.
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 40 of 57
January 01, 2010 - January 29, 2010 |
||||
Page 2 of 2 | ||||
Account Number XXXXXXXXXX2463 |
||||
CRE AMERICA CORP DEBTOR IN POSSESSION CRE AMERICA CORP DEBT IN POSSESSION |
JPMorgan Premier MMDA
(continued)
Deposits and Credits
Ledger Date
|
Description
|
Amount
| |||
1/29 |
INTEREST PAYMENT | $ | 8.80 | ||
Total | $ | 8.80 |
Checks Paid
Check
|
Date Paid
|
Amount
|
Check
|
Date Paid
|
Amount
|
Check
|
Date Paid
|
Amount
| ||||||||||||||
1004 | 01/20 | $ | 20,966.41 | |||||||||||||||||||
Total 1 check(s) | $ | 20.966.41 |
Daily Balance
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 41 of 57
11:06 AM | BankUnited Financial Corporation, et al., DIP | |
Reconciliation Summary | ||
02/08/10 | CRE America Corp, DIP-MMA (2463), Period Ending 01/29/2010 |
Jan 29, 10 | ||||
Beginning Balance |
239,055.28 | |||
Cleared Transactions |
||||
Checks and Payments - 1 item |
-20,966.41 | |||
Deposits and Credits - 1 item |
8.80 | |||
Total Cleared Transactions |
-20,957.61 | |||
Cleared Balance |
218,097.67 | |||
Uncleared Transactions |
||||
Checks and Payments - 1 item |
-325.00 | |||
Total Uncleared Transactions |
-325.00 | |||
Register Balance as of 01/29/2010 |
217,772.67 | |||
Ending Balance |
217,772.67 |
Page 1
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 42 of 57
11:06 AM | BankUnited Financial Corporation, et al., DIP | |||
Reconciliation Detail | ||||
02/08/10 | CRE America Corp, DIP-MMA (2463), Period Ending 01/29/2010 |
Type |
Date |
Num |
Name |
Clr |
Amount | Balance | ||||||
Beginning Balance |
239,055.28 | |||||||||||
Cleared Transactions |
||||||||||||
Checks and Payments - 1 item |
||||||||||||
Check |
1/14/2010 | 1004 | Fifth & Fifty-Fifth Re... | X | -20,966.41 | -20,966.41 | ||||||
Total Checks and Payments |
-20,966.41 | -20,966.41 | ||||||||||
Deposits and Credits - 1 item |
||||||||||||
Deposit |
1/29/2010 | Interest | X | 8.80 | 8.80 | |||||||
Total Deposits and Credits |
8.80 | 8.80 | ||||||||||
Total Cleared Transactions |
-20,957.61 | -20,957.61 | ||||||||||
Cleared Balance |
-20,957.61 | 218,097.67 | ||||||||||
Uncleared Transactions |
||||||||||||
Checks and Payments - 1 item |
||||||||||||
Check |
1/20/2010 | 1005 | U.S. Trustee | -325.00 | -325.00 | |||||||
Total Checks and Payments |
-325.00 | -325.00 | ||||||||||
Total Uncleared Transactions |
-325.00 | -325.00 | ||||||||||
Register Balance as of 01/29/2010 |
-21,282.61 | 217,772.67 | ||||||||||
Ending Balance |
-21,282.61 | 217,772.67 | ||||||||||
Page 1
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 43 of 57
ATTACHMENT 4A (6)
MONTHLY SUMMARY OF BANK ACTIVITY - OPERATING ACCOUNT (Pre-Petition)
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Report Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 |
Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/index.htm. If bank accounts other than the three required by the United States Trustee Program are necessary, permission must be obtained from the United States Trustee prior to opening the accounts. Additionally, use of less than the three required bank accounts must be approved by the United States Trustee.
NAME OF BANK: | FHLBank Atlanta |
BRANCH: | Atlanta, Georgia | |||
ACCOUNT NAME: | BankUnited Financial Corporation |
ACCOUNT NUMBER: | xxx9100 | |||
PURPOSE OF ACCOUNT: | Overnight Deposit |
Ending Balance per Bank Statement |
$ | 51,641 | ||
Plus Total Amount of Outstanding Deposits |
$ | | ||
Minus Total Amount of Outstanding Checks and other debits |
$ | | * | |
Minus Service Charges |
$ | | ||
Ending Balance per Check Register |
$ | 51,641 | **(a) | |
*Debit cards are used by |
NA |
**If Closing Balance is negative, provide explanation: |
NA | |
|
The following disbursements were paid in Cash (do not includes items reported as Petty Cash on Attachment 4D:
( ¨ Check here if cash disbursements were authorized by United States Trustee)
Date | Amount | Payee | Purpose | Reason for Cash Disbursement | ||||
None | ||||||||
TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS
Total Amount of Outstanding Checks and other debits, listed above, includes:
$ | | Transferred to Payroll Account | |
$ | | Transferred to Tax Account | |
$ | | Transferred to BankUnited Financial Corp. - Operating | |
$ | | Transferred to BankUnited Financial Corp. - MMA | |
$ | | Transferred to BankUnited Financial Services - MMA | |
$ | | Transferred to BU Realty Corporation - MMA | |
(a) | The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as Ending Balance on Schedule of Receipts and Disbursements (Page MOR-2, Line 7). |
MOR-7 (6)
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 44 of 57
ATTACHMENT 5A (6)
CHECK REGISTER - OPERATING ACCOUNT (Pre-Petition)
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||
(Jointly Administered) | ||||||
Report Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 | |||
NAME OF BANK: |
FHLBank Atlanta |
BRANCH: | Atlanta, Georgia |
ACCOUNT NAME: | BankUnited Financial Corporation |
ACCOUNT NUMBER: |
xxx9100 |
PURPOSE OF ACCOUNT: |
Overnight Deposit |
Account for all disbursements, including voids, lost checks, stop payments, etc. In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.
DATE |
CHECK NUMBER |
PAYEE |
PURPOSE |
AMOUNT | |||||
None | |||||||||
TOTAL |
$ | | |||||||
MOR-8 (6)
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 45 of 57
)8U )s0p20.0v0s3b4101T DAILY INVESTMENT ACCOUNT STATEMENT | ||||
FDIC AS RECEIVER FOR BANKUNITED | ENCLOSURES 0 ACCOUNT NUMBER | |||
FINANCIAL CORPORATION | 3569100 | |||
ATTN: CASH MANAGER | STATEMENT PERIOD | |||
7815 NW 148TH STREET | FROM 01/01/10 TO 01/31/10 | |||
MIAMI LAKES, FL 33016 | CYCLE 31 | |||
Page 1 of 2 |
3569100 Account Summary
Beginning Balance |
51,640.03 | |||||||
19 | Credits |
1.11 | Interest | |||||
0 | Debits |
0.00 | Paid | 1.11 | ||||
Ending Balance |
51,641.14 | |||||||
3569100 Transactions
Credits
Date | Description | Amount | Date | Description | Amount | |||||||
01/04 |
POST EARNINGS |
0.06 | 01/19 | POST EARNINGS | 0.18 | |||||||
01/05 |
POST EARNINGS |
0.06 | 01/20 | POST EARNINGS | 0.05 | |||||||
01/06 |
POST EARNINGS |
0.05 | 01/21 | POST EARNINGS | 0.06 | |||||||
01/07 |
POST EARNINGS |
0.06 | 01/22 | POST EARNINGS | 0.04 | |||||||
01/08 |
POST EARNINGS |
0.04 | 01/25 | POST EARNINGS | 0.13 | |||||||
01/11 |
POST EARNINGS |
0.09 | 01/26 | POST EARNINGS | 0.05 | |||||||
01/12 |
POST EARNINGS |
0.03 | 01/27 | POST EARNINGS | 0.04 | |||||||
01/13 |
POST EARNINGS |
0.03 | 01/28 | POST EARNINGS | 0.04 | |||||||
01/14 |
POST EARNINGS |
0.03 | 01/29 | POST EARNINGS | 0.05 | |||||||
01/15 |
POST EARNINGS |
0.02 |
**************************************************************************************************
3569100 Account Totals
Date | Int Rate | Credits | Amount | Debits | Amount | Ending Balance | ||||||
01/03 |
0.00010 | 0 | 0.00 | 0 | 0.00 | 51,640.03 | ||||||
01/04 |
0.00040 | 1 | 0.06 | 0 | 0.00 | 51,640.09 | ||||||
01/05 |
0.00040 | 1 | 0.06 | 0 | 0.00 | 51,640.15 | ||||||
01/06 |
0.00040 | 1 | 0.05 | 0 | 0.00 | 51,640.20 | ||||||
01/07 |
0.00030 | 1 | 0.06 | 0 | 0.00 | 51,640.26 | ||||||
01/08 |
0.00020 | 1 | 0.04 | 0 | 0.00 | 51,640.30 | ||||||
01/11 |
0.00020 | 1 | 0.09 | 0 | 0.00 | 51,640.39 | ||||||
01/12 |
0.00020 | 1 | 0.03 | 0 | 0.00 | 51,640.42 | ||||||
01/13 |
0.00020 | 1 | 0.03 | 0 | 0.00 | 51,640.45 | ||||||
01/14 |
0.00020 | 1 | 0.03 | 0 | 0.00 | 51,640.48 | ||||||
01/15 |
0.00030 | 1 | 0.02 | 0 | 0.00 | 51,640.50 | ||||||
01/18 |
0.00030 | 0 | 0.00 | 0 | 0.00 | 51,640.50 | ||||||
01/19 |
0.00040 | 1 | 0.18 | 0 | 0.00 | 51,640.68 | ||||||
01/20 |
0.00040 | 1 | 0.05 | 0 | 0.00 | 51,640.73 | ||||||
Continued on the next page |
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 46 of 57
) 8U ) s0p20 . 0v0s3b4101T DAILY INVESTMENT ACCOUNT STATEMENT | ||||
FDIC AS RECEIVER FOR BANKUNITED |
ENCLOSURES 0 ACCOUNT NUMBER | |||
FINANCIAL CORPORATION |
3569100 | |||
ATTN: CASH MANAGER |
STATEMENT PERIOD | |||
7815 NW 148TH STREET |
FROM 01/01/10 TO 01/31/10 | |||
MIAMI LAKES, FL 33016 |
CYCLE 31 | |||
Page 2 of 2 |
3569100 Account Totals
| ||||||||||||
Date | Int Rate | Credits | Amount | Debits | Amount | Ending Balance | ||||||
01/21 |
0.00030 | 1 | 0.06 | 0 | 0.00 | 51,640.79 | ||||||
01/22 |
0.00030 | 1 | 0.04 | 0 | 0.00 | 51,640.83 | ||||||
01/25 |
0.00030 | 1 | 0.13 | 0 | 0.00 | 51,640.96 | ||||||
01/26 |
0.00030 | 1 | 0.05 | 0 | 0.00 | 51,641.01 | ||||||
01/27 |
0.00030 | 1 | 0.04 | 0 | 0.00 | 51,641.05 | ||||||
01/28 |
0.00030 | 1 | 0.04 | 0 | 0.00 | 51,641.09 | ||||||
01/29 |
0.00030 | 1 | 0.05 | 0 | 0.00 | 51,641.14 | ||||||
Note: Ending balance includes any uncollected funds on deposit |
****************************** END OF STATEMENT ******************************
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 47 of 57
ATTACHMENT 4B
MONTHLY SUMMARY OF BANK ACTIVITY - PAYROLL ACCOUNT
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Report Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 |
Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/index.htm.
NAME OF BANK: | NA |
BRANCH: | NA | |||
ACCOUNT NAME: | NA |
ACCOUNT NUMBER: | NA | |||
PURPOSE OF ACCOUNT: | PAYROLL |
Ending Balance per Bank Statement |
NA | |||
Plus Total Amount of Outstanding Deposits |
NA | |||
Minus Total Amount of Outstanding Checks and other debits |
NA | * | ||
Minus Service Charges |
NA | |||
Ending Balance per Check Register |
$ | | **(a) | |
*Debit cards are used by |
NA |
**If Closing Balance is negative, provide explanation: | NA |
The following disbursements were paid in Cash (do not includes items reported as Petty Cash on Attachment 4D:
( ¨ Check here if cash disbursements were authorized by United States Trustee)
Date | Amount | Payee | Purpose | Reason for Cash Disbursement | ||||||||||||
NA |
|
|
|
| ||||||||||||
|
|
|
|
| ||||||||||||
|
|
|
|
| ||||||||||||
|
|
|
|
|
The following non-payroll disbursements were made from this account:
Date | Amount | Payee | Purpose | Reason for Disbursement from this account | ||||||||||||
NA |
|
|
|
| ||||||||||||
|
|
|
|
| ||||||||||||
|
|
|
|
| ||||||||||||
|
|
|
|
|
(a) | The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported As Ending Balance on Schedule of Receipts and Disbursements (Page MOR-2, Line 7). |
MOR-9
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 48 of 57
ATTACHMENT 5B
CHECK REGISTER - PAYROLL ACCOUNT
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Report Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 | |||||
NAME OF BANK: |
NA |
BRANCH: | NA | |||||
ACCOUNT NAME: |
NA | |||||||
ACCOUNT NUMBER: |
NA | |||||||
PURPOSE OF ACCOUNT: |
PAYROLL |
Account for all disbursements, including voids, lost checks, stop payments, etc. In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.
DATE |
CHECK |
PAYEE |
PURPOSE |
AMOUNT | |||||
NA | |||||||||
TOTAL | $ | | |||||||
MOR-10
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 49 of 57
ATTACHMENT 4C
MONTHLY SUMMARY OF BANK ACTIVITY - TAX ACCOUNT
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Report Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 |
Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/index.htm.
NAME OF BANK: | NA |
BRANCH: | NA | |||
ACCOUNT NAME: | NA |
ACCOUNT NUMBER: | NA | |||
PURPOSE OF ACCOUNT: | TAX |
Ending Balance per Bank Statement |
NA | |||
Plus Total Amount of Outstanding Deposits |
NA | |||
Minus Total Amount of Outstanding Checks and other debits |
NA | * | ||
Minus Service Charges |
NA | |||
Ending Balance per Check Register |
$ | | **(a) | |
*Debit cards are used by | NA |
**If Closing Balance is negative, provide explanation: | NA | |
|
The following disbursements were paid in Cash: ( ¨ Check here if cash disbursements were authorized by United States Trustee)
Date | Amount | Payee | Purpose | Reason for Cash Disbursement | ||||||||||||
NA |
|
|
|
| ||||||||||||
|
|
|
|
| ||||||||||||
|
|
|
|
| ||||||||||||
|
|
|
|
| ||||||||||||
|
|
|
|
|
The following non-tax disbursements were made from this account:
Date | Amount | Payee | Purpose | Reason for Disbursement from this account | ||||||||||||
NA |
|
|
|
| ||||||||||||
|
|
|
|
| ||||||||||||
|
|
|
|
| ||||||||||||
|
|
|
|
| ||||||||||||
|
|
|
|
|
(a) | The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as Ending Balance on Schedule of Receipts and Disbursements (Page MOR-2, Line 7). |
MOR-11
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 50 of 57
ATTACHMENT 5C
CHECK REGISTER - TAX ACCOUNT
Name of Debtor: | BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Report Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 | |||||
NAME OF BANK: |
NA |
BRANCH: | NA | |||||
ACCOUNT NAME: |
NA | |||||||
ACCOUNT NUMBER: |
NA | |||||||
PURPOSE OF ACCOUNT: |
TAX |
Account for all disbursements, including voids, lost checks, stop payments, etc. In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.
DATE |
CHECK |
PAYEE |
PURPOSE |
AMOUNT | ||||||
None | ||||||||||
TOTAL | $ | | (d) | |||||||
SUMMARY OF TAXES PAID
Payroll Taxes Paid |
$ | | (a) | |
Sales & Use Taxes Paid |
$ | | (b) | |
Other Taxes Paid |
$ | | (c) | |
TOTAL |
$ | | (d) | |
(a) | This number is reported in the Current Month column of Schedule of Receipts and Disbursements (Page MOR-2, Line 5O). |
(b) | This number is reported in the Current Month column of Schedule or Receipts and Disbursements (Page MOR-2, Line 5P). |
(c) | This number is reported in the Current Month column of Schedule of Receipts and Disbursements (Page MOR-2, Line 5Q). |
(d) | These two lines must be equal. |
MOR-12
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 51 of 57
ATTACHMENT 4D
INVESTMENT ACCOUNTS AND PETTY CASH REPORT
INVESTMENT ACCOUNTS
Each savings and investment account, i.e. certificates of deposits, money market accounts, stocks and bonds, etc., should be listed separately. Attach copies of account statements.
Type of Negotiable
Instrument |
Face Value | Purchase Price |
Date of Purchase |
Current Market Value |
||||||||
Security PledgeTOUSA |
$ | 3,000,000 | $ | 3,000,000 | 07/31/07 | UNK | ||||||
Hedge FundInvestment in Malta Hedge Fund II, LP |
UNK | UNK | 05/01/02 | $ | 1,075,696 | |||||||
Private EquityInvestment in SOAM Capital Partners, LP |
$ | 250,000 | $ | 250,000 | UNK | $ | 149,066 | |||||
TOTAL |
$ | 1,224,762 | (a) | |||||||||
PETTY CASH REPORT
The following Petty Cash Drawers/Accounts are maintained:
(1) Location of Box/Account |
(2) Maximum Amount of Cash in Drawer/Acct. |
(3) Amount of Petty Cash On Hand At End of Month |
(4) Difference between (Column 2) and (Column 3) | ||||||
None |
$ | | |||||||
$ | | ||||||||
TOTAL |
$ | | (b) | ||||||
For any Petty Cash Disbursements over $100 per transaction, attach copies of receipts. If there are no receipts, provide an explanation. NA |
|
TOTAL INVESTMENT ACCOUNTS AND PETTY CASH |
$ | 1,224,762 | (c) | |
(c) | The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as Ending Balance on Schedule of Receipts and Disbursements (Page MOR-2, Line 7). |
MOR-13
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 52 of 57
Malta Hedge Fund II, L.P.
Monthly Balances with Performance, Year To Date as of: 1/31/2010
Mark D Bloom
Greenberg Traurig, PA
1221 Brickell Avenue
Miami, FL 33131
Account of: BankUnited Financial
Initial Investment on: May 1, 2002
Month Ending |
Contributions | Withdrawals | Net Income | Net Balance | Net Return | ||||||||||
Dec-2009 |
$ | 1,064,140 | |||||||||||||
Jan-2010 |
$ | 0 | $ | 0 | $ | 11,556 | $ | 1,075,696 | 1.09 | % | |||||
Year To Date: | 1.09 | % |
The above information is unaudited. The amounts reported are net of the accrued profit allocation although it is not actually deducted from your account until the end of the year or, if earlier, the date you withdraw from the fund.
Net income and net performance reflect the deduction of the profit allocation, a management fee, as well as other expenses.
cc: Joseph Luzinski
Malta Hedge Fund II, L.P.
Sandler ONeill Asset Management, LLC
780 Third Avenue
5th Floor
New York, NY 10017
Tel: 212-486-7300 Fax: 212-486-7580
2/16/2010 12:57:10PM |
a FUNDRUNNER® REPORT | © 1998-2004 Financial Interactive, Inc. | Page 1 of 1 |
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 53 of 57
SOAM Capital Partners, L.P.
c/o SOAM Venture Holdings, LLC
780 Third Avenue 5th Floor New York, NY 10017 Tel: (212) 486-7300 Fax: (212) 486-7580
CAPITAL ACCOUNT STATEMENT
December 31, 2009
Investor: BankUnited Financial Corporation
Capital Commitment
Committed Capital |
$ | 500,000 | Percentage of Partnership | 0.0019 | % | |||||
Contributed Capital |
$ | 250,000 | ||||||||
Unfunded Commitment |
$ | 250,000 |
Capital Account
Opening Balance - September 30, 2009 |
$ | 151,966 | ||
Capital Contributions |
| |||
Capital Distributions |
| |||
Net Investment Income (Loss) |
128 | |||
Unrealized Gain (Loss) |
3,294 | |||
Realized Gain (Loss) |
(6,322 | ) | ||
Ending Balance December 31, 2009 |
$ | 149,066 |
* | The value of your capital account reported above is unaudited and subject to change. Totals may differ due to rounding. |
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 54 of 57
ATTACHMENT 6
MONTHLY TAX REPORT
Name of Debtor: |
BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Reporting Period Beginning: | January 1, 2010 |
Period Ending: | January 31, 2010 |
TAXES OWED AND DUE
Report all unpaid post-petition taxes including Federal and State withholding FICA, State sales tax, property tax, unemployment tax, State workmens compensation, etc.
Name of Taxing |
Date |
Description |
Amount | Date Last |
Tax | ||||||
None |
|||||||||||
TOTAL |
$ | | |||||||||
MOR-14
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 55 of 57
ATTACHMENT 7
SUMMARY OF OFFICER OR OWNER COMPENSATION
SUMMARY OF PERSONNEL AND INSURANCE COVERAGES
Name of Debtor: |
BANKUNITED FINANCIAL CORPORATION, ET AL. |
Case Number: | 09-19940-LMI | |||||
(Jointly Administered) | ||||||||
Report Period Beginning: |
January 1, 2010 |
Period Ending: | January 31, 2010 |
Report all forms of compensation received by or paid on behalf of the Officer or Owner during the month. Include car allowances, payments to retirement plans, loan repayments, payments of Officer/Owners personal expenses, insurance premium payments, etc. Do not include reimbursement for business expenses Officer or Owner incurred and for which detailed receipts are maintained in the accounting records.
Name of Officer or Owner |
Title | Payment Description |
Amount Paid | |||
None |
||||||
PERSONNEL REPORT
Full Time | Part Time | |||
Number of employees at beginning of period | None | None | ||
Number hired during the period | None | None | ||
Number terminated or resigned during period | None | None | ||
Number of employees on payroll at end of period | None | None | ||
CONFIRMATION OF INSURANCE
List all policies of insurance in effect, including but not limited to workers compensation, liability, fire, theft, comprehensive, vehicle, health and life. For the first report, attach a copy of the declaration sheet for each type of insurance. For subsequent reports, attach a certificate of insurance for any policy in which a change occurs during the month (new carrier, increased policy limits, renewal, etc.).
Agent and/or Carrier |
Phone Number |
Policy Number |
Coverage Type |
Expiration Date |
Date Premium Due | |||||
See Attached. | ||||||||||
The following lapse in insurance coverage occurred this month:
Policy Type |
Date Lapsed |
Date Reinstated |
Reason for Lapse | |||
None. | ||||||
¨ | ¨ Check here if U. S. Trustee has been listed as Certificate Holder for all insurance policies. |
MOR-15
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 56 of 57
BankUnited Financial Corp Insurance Policies
Policy Type |
Insurance Company |
Status | Policy Number | Limits | Beg | End | Total Cost | Insured | Status /Notes | ||||||||||
Commercial Property | Lexington Insurance Company | Active | 20412596 | $25M | 04/17/09 | 04/17/10 | $ | 487,792.58 | BUFC and FSB | ||||||||||
Commercial Property | Underwriters at Lloyds | Active | RP1000115 | Rpt Monthly Value | 04/17/09 | 04/15/10 | $ | | |||||||||||
General Liability (Foreclosed Prop) |
Underwriters at Lloyds | Active | RL1000115 | $1M / $10M Aggregate |
04/17/09 | 04/15/10 | $ | | |||||||||||
General Liability | Colonial American Casualty & Surety | Active | FIA100079507 | $1M / $2M Aggregate |
04/17/09 | 04/17/10 | $ | 195,514.60 |
Insurance
Case 09-19940-LMI Doc 468 Filed 02/23/10 Page 57 of 57
ATTACHMENT 8
SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD
Information to be provided on this page, includes, but is not limited to: (1) financial transactions that are not reported on this report, such as the sale of real estate (attach closing statement); (2) non-financial transactions, such as the substitution of assets or collateral; (3) modifications to loan agreements; (4) change in senior management, etc. Attach any relevant documents.
No significant developments occurred during the period.
We anticipate filing a Plan of Reorganization and Disclosure Statement on or before: UNKNOWN .
MOR-16
Case 09-19940-LMI Doc 462 Filed 02/22/10 Page 1 of 3
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF FLORIDA
MIAMI DIVISION
IN RE: |
} | CASE NUMBER 09-19941-LMI | ||
} | ||||
BANKUNITED FINANCIAL |
} | |||
SERVICES, INC. |
} | JUDGE Hon. Laurel M. Isicoff | ||
} | ||||
DEBTOR. |
} | CHAPTER 11 |
DEBTORS CONSOLIDATED STANDARD MONTHLY OPERATING REPORT (BUSINESS)
FOR THE PERIOD
FROM | January 1, 2010 |
TO | January 31, 2010 |
Comes now the above-named debtor and files its Monthly Operating Reports in accordance with the Guidelines established by the United States Trustee and FRBP 2015.
/s/ Joseph J. Luzinski, CRO | ||||
Debtors Signature | ||||
Debtors Address and Phone Number: |
Attorneys Address and Phone Number: | |||
c/o Development Specialists, Inc. |
Greenberg Traurig, P.A. | |||
200 South Biscayne Boulevard, Suite 1818 |
1221 Brickell Avenue | |||
Miami, FL 33131-2329 |
Miami, FL 33131 | |||
(305) 374-2717 |
(305) 579-0500 |
Note: The original Monthly Operating Report is to be filed with the court and a copy simultaneously provided to the United States Trustee Office. Monthly Operating Reports must be filed by the 20th day of the following month.
For assistance in preparing the Monthly Operating Report, refer to the following resources on the United States Trustee Program Website, http://www.usdoj.gov/ust/r21/index.htm.
1) | Instructions for Preparations of Debtors Chapter 11 Monthly Operating Report |
2) | Initial Filing Requirements |
3) | Frequently Asked Questions (FAQs) http://www.usdoj.gov/ust/. |
MOR-1
Case 09-19940-LMI Doc 462 Filed 02/22/10 Page 2 of 3
GENERAL DISCLAIMER
This bankruptcy case was filed on May 22, 2009, the day after the regulatory seizure of Debtor BankUnited Financial Corporations wholly-owned banking subsidiary, BankUnited, FSB, and the ensuing sale of that subsidiarys assets by the Federal Deposit Insurance Corporation to BankUnited, a de novo federal savings association organized under the laws of the United States (New Bank). The Debtors current Chief Restructuring Officer, Joseph J. Luzinski (the CRO) was appointed effective June 2, 2009, eleven days after these cases were filed. Nearly all of the books and records of the Debtors are presently in the possession of the FDIC or New Bank. Accordingly, the information contained herein is based on the information currently available to the CRO and is subject to modification as additional information becomes available.
Nothing herein shall be construed as an admission or determination by the Debtor as to any amount or value set forth herein, the validity of any debt listed herein, ownership of any asset listed herein, the completeness of any financial statement set forth herein, or otherwise as to the accuracy or completeness of any information contained herein. The Debtor expressly reserve the right to modify any and all information contained herein as additional information becomes available.
Case 09-19940-LMI Doc 462 Filed 02/22/10 Page 3 of 3
SCHEDULE OF RECEIPTS AND DISBURSEMENTS
FOR THE PERIOD BEGINNING January 1, 2010 AND ENDING January 31, 2010
Name of Debtor: | BANKUNITED FINANCIAL SERVICES, INC. |
Case Number | 09-19941-LMI | |||
Date of Petition: | May 22, 2009 |
CURRENT MONTH |
CUMULATIVE PETITION TO DATE |
||||||||||
1. FUNDS AT BEGINNING OF PERIOD |
$ | 2,130,576 | (a) | $ | | (b) | |||||
2. RECEIPTS: |
|||||||||||
A. Cash Sales |
$ | | $ | | |||||||
Minus: Cash Refunds |
(- | ) | $ | | $ | | |||||
Net Cash Sales |
$ | | $ | | |||||||
B. Accounts Receivable |
$ | | $ | | |||||||
C. Other Receipts (See MOR-3) |
$ | 82 | $ | 2,132,254 | |||||||
(If you receive rental income, you must attach a rent roll.) |
|||||||||||
3. TOTAL RECEIPTS (Lines 2A+2B+2C) |
$ | 82 | $ | 2,132,254 | |||||||
4. TOTAL FUNDS AVAILABLE FOR OPERATIONS (Line 1 + Line 3) |
$ | 2,130,658 | $ | 2,132,254 | |||||||
5 DISBURSEMENTS |
|||||||||||
A. Advertising |
$ | | $ | | |||||||
B. Bank Charges |
$ | | $ | | |||||||
C. Contract Labor |
$ | | $ | 796 | |||||||
D. Fixed Asset Payments (not incl. in N) |
$ | | $ | | |||||||
E. Insurance |
$ | | $ | | |||||||
F. Inventory Payments (See Attach. 2) |
$ | | $ | | |||||||
G. Leases |
$ | | $ | | |||||||
H. Manufacturing Supplies |
$ | | $ | | |||||||
I. Office Supplies |
$ | | $ | | |||||||
J. Payroll - Net (See Attachment 4B) |
$ | | $ | | |||||||
K. Professional Fees (Accounting & Legal) |
$ | | $ | | |||||||
L. Rent |
$ | | $ | | |||||||
M. Repairs & Maintenance |
$ | | $ | | |||||||
N. Secured Creditor Payments (See Attach. 2) |
$ | | $ | | |||||||
O. Taxes Paid - Payroll (See Attachment 4C) |
$ | | $ | | |||||||
P. Taxes Paid - Sales & Use (See Attachment 4C) |
$ | | $ | | |||||||
Q. Taxes Paid - Other (See Attachment 4C) |
$ | | $ | | |||||||
R. Telephone |
$ | | $ | | |||||||
S. Travel & Entertainment |
$ | | $ | | |||||||
T. U.S. Trustee Quarterly Fees |
$ | 325 | $ | 975 | |||||||
U. Utilities |
$ | | $ | | |||||||
V. Vehicle Expenses |
$ | | $ | | |||||||
W. Other Operating Expenses (See MOR-3) |
$ | | $ | 150 | |||||||
6. TOTAL DISBURSEMENTS (Sum of 5A thru W) |
$ | 325 | $ | 1,921 | |||||||
7. ENDING BALANCE (Line 4 Minus Line 6) |
$ | 2,130,333 | (c) | $ | 2,130,333 | (c) | |||||
I declare under penalty of perjury that this statement and the accompanying documents and reports are true and correct to the best of my knowledge and belief, subject to the General Disclaimer and footnotes to this Report.
This 19th day of February , 2010. | /s/ Joseph J. Luzinski, as CRO | |||
(Signature) |
(a) | This number is carried forward from last months report. For the first report only, this number will be the balance as of the petition date. |
(b) | This figure will not change from month to month. It is always the amount of funds on hand as of the date of the petition. |
(c) | These two amounts will always be the same if form is completed correctly. |
MOR-2
Case 09-19940-LMI Doc 463 Filed 02/22/10 Page 1 of 3
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF FLORIDA
MIAMI DIVISION
IN RE: |
} | CASE NUMBER 09-19942-LMI | ||
} | ||||
CRE AMERICA | } | |||
CORPORATION | } | JUDGE Hon. Laurel M. Isicoff | ||
} | ||||
DEBTOR. |
} | CHAPTER 11 |
DEBTORS CONSOLIDATED STANDARD MONTHLY OPERATING REPORT (BUSINESS)
FOR THE PERIOD
FROM January 1, 2010 TO January 31, 2010
Comes now the above-named debtor and files its Monthly Operating Reports in accordance with the Guidelines established by the United States Trustee and FRBP 2015.
/s/ Joseph J. Luzinski, CRO | ||||
Debtors Signature | ||||
Debtors Address | Attorneys Address | |||
and Phone Number: | and Phone Number: | |||
c/o Development Specialists, Inc. |
Greenberg Traurig, P.A. | |||
200 South Biscayne Boulevard, Suite 1818 |
1221 Brickell Avenue | |||
Miami, FL 33131-2329 |
Miami, FL 33131 | |||
(305) 374-2717 |
(305) 579-0500 |
Note: The original Monthly Operating Report is to be filed with the court and a copy simultaneously provided to the United States Trustee Office. Monthly Operating Reports must be filed by the 20th day of the following month.
For assistance in preparing the Monthly Operating Report, refer to the following resources on the United States Trustee Program Website, http://www.usdoj.gov/ust/r21/index.htm.
1) | Instructions for Preparations of Debtors Chapter 11 Monthly Operating Report |
2) | Initial Filing Requirements |
3) | Frequently Asked Questions (FAQs) http://www.usdoj.gov/ust/. |
MOR-1
Case 09-19940-LMI Doc 463 Filed 02/22/10 Page 2 of 3
GENERAL DISCLAIMER
This bankruptcy case was filed on May 22, 2009, the day after the regulatory seizure of Debtor BankUnited Financial Corporations wholly-owned banking subsidiary, BankUnited, FSB, and the ensuing sale of that subsidiarys assets by the Federal Deposit Insurance Corporation to BankUnited, a de novo federal savings association organized under the laws of the United States (New Bank). The Debtors current Chief Restructuring Officer, Joseph J. Luzinski (the CRO) was appointed effective June 2, 2009, eleven days after these cases were filed. Nearly all of the books and records of the Debtors are presently in the possession of the FDIC or New Bank. Accordingly, the information contained herein is based on the information currently available to the CRO and is subject to modification as additional information becomes available.
Nothing herein shall be construed as an admission or determination by the Debtor as to any amount or value set forth herein, the validity of any debt listed herein, ownership of any asset listed herein, the completeness of any financial statement set forth herein, or otherwise as to the accuracy or completeness of any information contained herein. The Debtor expressly reserve the right to modify any and all information contained herein as additional information becomes available.
Case 09-19940-LMI Doc 463 Filed 02/22/10 Page 3 of 3
SCHEDULE OF RECEIPTS AND DISBURSEMENTS
FOR THE PERIOD BEGINNING January 1, 2010 AND ENDING January 31, 2010
Name of Debtor: | CRE AMERICA CORPORATION |
Case Number | 09-19942-LMI | |||
Date of Petition: | May 22, 2009 |
CURRENT MONTH |
CUMULATIVE PETITION TO DATE |
||||||||||
1. FUNDS AT BEGINNING OF PERIOD |
$ | 239,055 | (a) | $ | | (b) | |||||
2. RECEIPTS: |
|||||||||||
A. Cash Sales |
$ | | $ | | |||||||
Minus: Cash Refunds |
(- | ) | $ | | $ | | |||||
Net Cash Sales |
$ | | $ | | |||||||
B. Accounts Receivable |
$ | | $ | | |||||||
C. Other Receipts (See MOR-3) |
$ | 9 | $ | 239,864 | |||||||
(If you receive rental income, you must attach a rent roll.) |
|||||||||||
3. TOTAL RECEIPTS (Lines 2A+2B+2C) |
$ | 9 | $ | 239,864 | |||||||
4. TOTAL FUNDS AVAILABLE FOR OPERATIONS (Line 1 + Line 3) |
$ | 239,064 | $ | 239,864 | |||||||
5 DISBURSEMENTS |
|||||||||||
A. Advertising |
$ | | $ | | |||||||
B. Bank Charges |
$ | | $ | | |||||||
C. Contract Labor |
$ | | $ | | |||||||
D. Fixed Asset Payments (not incl. in N) |
$ | | $ | | |||||||
E. Insurance |
$ | | $ | | |||||||
F. Inventory Payments (See Attach. 2) |
$ | | $ | | |||||||
G. Leases |
$ | | $ | | |||||||
H. Manufacturing Supplies |
$ | | $ | | |||||||
I. Office Supplies |
$ | | $ | | |||||||
J. Payroll - Net (See Attachment 4B) |
$ | | $ | | |||||||
K. Professional Fees (Accounting & Legal) |
$ | | $ | | |||||||
L. Rent |
$ | | $ | | |||||||
M. Repairs & Maintenance |
$ | | $ | | |||||||
N. Secured Creditor Payments (See Attach. 2) |
$ | | $ | | |||||||
O. Taxes Paid - Payroll (See Attachment 4C) |
$ | | $ | | |||||||
P. Taxes Paid - Sales & Use (See Attachment 4C) |
$ | | $ | | |||||||
Q. Taxes Paid - Other (See Attachment 4C) |
$ | | $ | | |||||||
R. Telephone |
$ | | $ | | |||||||
S. Travel & Entertainment |
$ | | $ | | |||||||
T. U.S. Trustee Quarterly Fees |
$ | 325 | $ | 975 | |||||||
U. Utilities |
$ | | $ | | |||||||
V. Vehicle Expenses |
$ | | $ | | |||||||
W. Other Operating Expenses (See MOR-3) |
$ | 20,966 | $ | 21,116 | |||||||
6. TOTAL DISBURSEMENTS (Sum of 5A thru W) |
$ | 21,291 | $ | 22,091 | |||||||
7. ENDING BALANCE (Line 4 Minus Line 6) |
$ | 217,773 | (c) | $ | 217,773 | (c) | |||||
I declare under penalty of perjury that this statement and the accompanying documents and reports are true and correct to the best of my knowledge and belief, subject to the General Disclaimer and footnotes to this Report.
This 19th day of February , 2010. | /s/ Joseph J. Luzinski, as CRO | |||
(Signature) |
(a) | This number is carried forward from last months report. For the first report only, this number will be the balance as of the petition date. |
(b) | This figure will not change from month to month. It is always the amount of funds on hand as of the date of the petition. |
(c) | These two amounts will always be the same if form is completed correctly. |
MOR-2