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Exhibit 99.1
UNITED STATES BANKRUPTCY COURT
IN THE DISTRICT OF DELAWARE
     
In re PFF Bancorp, Inc.
  Case No. 08-13127
 
  Reporting Period: 10/1/11 — 10/31/11
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month
Submit copy of report to any official committee appointed in the case.
                         
                    Affidavit /  
        Document   Explanation     Supplement  
REQUIRED DOCUMENTS   Form No.   Attached   Attached     Attached  
Schedule of Cash Receipts and Disbursements
  MOR-1   YES                
Bank Reconciliation (or copies of debtor’s bank reconciliations)
  MOR-1a   YES                
Schedule of Professional Fees Paid
  MOR-1b   YES                
Copies of bank statements
      YES                
Cash disbursements journals
      YES                
Statement of Operations
  MOR-2   YES                
Balance Sheet
  MOR-3   YES                
Status of Post-petition Taxes
  MOR-4   YES                
Copies of IRS Form 6123 or payment receipt
      N/A                
Copies of tax returns filed during reporting period
      N/A                
Summary of Unpaid Post-petition Debts
  MOR-4   YES                
Listing of aged accounts payable
  MOR-4   YES                
Accounts Receivable Reconciliation and Aging
  MOR-5   YES                
Debtor Questionnaire
  MOR-5   YES                
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.
     
 
   
Signature of Debtor
  Date
 
   
 
   
Signature of Joint Debtor
  Date
 
   
/s/ Kevin McCarthy
  November 20, 2011
 
   
Signature of Authorized Individual*
  Date
 
   
Kevin McCarthy
  CEO
 
   
Printed Name of Authorized Individual
  Title of Authorized Individual
     
*   Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

 

 


 

     
In re PFF Bancorp, Inc.
  Case No. 08-13127
 
  Reporting Period: 10/1/11 — 10/31/11
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH — ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]
                                                                 
                                                    CUMULATIVE FILING  
    BANK ACCOUNTS     CURRENT MONTH     TO DATE  
    OPER.     PAYROLL     TAX     OTHER     ACTUAL     PROJECTED     ACTUAL     PROJECTED  
CASH BEGINNING OF MONTH
  $ 41,950.83             $ 42,332,157.45             $ 42,374,108.28             $ 3,637,884.57          
 
                                                               
RECEIPTS
                                                               
CASH SALES
                                                               
ACCOUNTS RECEIVABLE
                                                               
LOANS AND ADVANCES
                                                               
SALE OF ASSETS
                                                  $ 1,033,315.22          
OTHER (ATTACH LIST)
                                                  $ 45,288,111.33          
TRANSFERS (FROM DIP ACCTS)
                                                  $ 45,771,737.45          
TOTAL RECEIPTS
                                                  $ 92,093.164.00          
 
                                                               
DISBURSEMENTS
                                                               
NET PAYROLL
  $ 7,101.50                             $ 7,101.50             $ 701,772.67          
PAYROLL TAXES
                                                               
SALES, USE & OTHER TAXES
                                                               
INVENTORY PURCHASES
                                                               
SECURED RENTAL/LEASES
                                                               
INSURANCE
                                                               
ADMINISTRATIVE
  $ 19,784.12                             $ 19,784.12             $ 1,115,871.34          
SELLING
                                                               
OTHER (ATTACH LIST)
                                                  $ 1,486,086.27          
 
                                                               
OWNER DRAW*
                                                               
TRANSFERS (TO DIP ACCTS)
                                                               
 
                                                               
 
                                                  $ 45,771,737.45          
PROFESSIONAL FEES
                                                  $ 4,266.434.17          
U.S. TRUSTEE QUARTERLY FEES
                                                  $ 41,924.01          
COURT COSTS
                                                               
TOTAL DISBURSEMENTS
  $ 26,885.62                             $ 26,885.62             $ 53,383,825.91          
 
                                                               
NET CASH FLOW (RECEIPTS LESS DISBURSEMENTS)
  $ (26,885.62 )                           $ (26,885.62 )           $ 38,709,338.09          
 
                                                               
CASH — END OF MONTH
  $ 15,065.21             $ 42,332,157.45             $ 42,347,222.66             $ 42,347,222.66          
     
*   COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE
THE FOLLOWING SECTION MUST BE COMPLETED
         
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)        
TOTAL DISBURSEMENTS
  $ 26,885.62  
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS
  $    
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)
  $    
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES
  $ 26,885.62  

 

 


 

Account 9146
Account Name PFF Bancorp, Inc.
Reconciliation As of Date 10/31/11
                 
Balance per Bank
          $ 15,048.09  
 
               
Deposits in Transit
               
Date
  Amount        
 
               
Total
               
 
               
Outstanding Checks
               
Check #
  Amount        
 
               
Total
          $ 0.00  
 
               
Other (List)
               
 
               
Bank charges on bank not on books
          $ 17.12  
 
               
Balance per Books
          $ 15,065.21  

 

 


 

Account 9472
Account Name PFF Bancorp, Inc. — Tax Refund Holding
Reconciliation As of Date 10/31/11
                 
Balance per Bank
          $ 0.00  
 
               
Deposits in Transit
               
Date
  Amount        
 
               
Total
               
 
               
Outstanding Checks
               
Check #
  Amount        
 
               
Total
               
 
               
Other (List)
               
 
               
Balance per Books
          $ 0.00  

 

 


 

Account 1900
Account Name PFF Bancorp, Inc. — FDIC QSF
Reconciliation As of Date 10/31/11
                 
Balance per Bank
          $ 42,332,157.45  
 
               
Deposits in Transit
               
Date
  Amount        
 
               
Total
               
 
               
Outstanding Checks
               
Check #
  Amount        
 
               
Total
               
Other (List)
               
 
               
Balance per Books
          $ 42,332,157.45  

 

 


 

     
In re PFF Bancorp, Inc.
  Case No. 08-13127
 
  Reporting Period: 10/1/11 — 10/31/11
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month.
                                                                         
            Amount             Check     Amount Paid     Year-To-Date  
Payee   Period Covered     Covered     Payor     Number     Date     Fees     Expenses     Fees     Expenses  
Paul, Hastings LLP
                                                          $ 1,997,643.56     $ 24,982.85  
 
                                                                       
JH Cohn
                                                          $ 726,866.80     $ 5,472.15  
 
                                                                       
Blank Rome
                                                          $ 1,167,570.20     $ 30,697.85  
 
                                                                       
Richards Layton & Finger
                                                          $ 251,248.88          
 
                                                                       
Flaster Greenberg
                                                          $ 55,383.78     $ 1,789.42  

 

 


 

     
Bank of America LOGO
  Account Number 9146
 
  01 01 149 01 M0000 E# 6
CUSTOMER CONNECTION
  Last Statement: 09/30/2011
BANK OF AMERICA, N.A.
  This Statement: 10/31/2011
DALLAS, TEXAS 75283-2406
   
 
  Customer Service 1-800-342-7722
PFF BANCORP, INC
   
DEBTOR IN POSSESSION #08-13127-KJC
   
OPERATING ACCOUNT
   
2058 N. MILLS AVE #139
  Page 1 of 2
CLAREMONT CA 91711
   
 
  Bankruptcy Case Number: 0813127KJC
CUSTOMER CONNECTION ECONOMY CHECKING
Account Summary Information
                     
Statement Period
    10/01/2011 — 10/31/2011     Statement Beginning Balance   $ 41,789.51  
Number of Deposits/Credits
    0     Amount of Deposits/Credits   $ 0.00  
Number of Checks
    6     Amount of Checks   $ 24,248.28  
Number of Other Debits
    10     Amount of Other Debits   $ 2,493.14  
 
          Statement Ending Balance   $ 15,048.09  
Number of Enclosures
    6              
 
          Service Charge   $ 17.12  
Withdrawals and Debits
Checks
                                                         
Check           Date     Bank     Check             Date     Bank  
Number   Amount     Posted     Reference     Number     Amount     Posted     Reference  
1427
  $ 5,019.37       10/12       2692048956       1430     $ 9,817.41       10/12       1082326066  
1428
  $ 3,482.01       10/12       2692048957       1431     $ 46.17       10/13       9792506263  
1429
  $ 1,193.40       10/17       8892755088       10073 *   $ 4,689.92       10/13       9792506268  
Other Debits
                         
Date   Customer                 Bank
Posted   Reference     Amount     Description   Reference
10/05     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900007
10/05     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900008
10/05     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900009
10/05     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900010
10/05     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900011
10/05     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900012
10/05     1     $ 5.00    
STATEMENT ACTIVITY PRINT
  09939900013
10/11           $ 2,411.58    
ADP TX/FINCL SVC DES: ADP — TAX ID: E2Z8V 100740A01
INDN: PFF BANCORP INC CO ID: 1223006057 CCD
  80006557612
10/19           $ 64.44    
ADP PAYROLL FEES DES: ADP — FEES ID: 13Z8V 2583643
INDN: PFF BANCORP INC CO ID: 9659605001 CCD
  91011388166
10/31           $ 0.12    
FDIC ASSESSMENT
   
Daily Balances
                                         
Date   Ledger Balance     Collected Balance     Date     Ledger Balance     Collected Balance  
09/30
  $ 41,789.51     $ 41,789.51       10/13     $ 16,306.05     $ 16,306.05  
10/05
  $ 41,772.51     $ 41,772.51       10/17     $ 15,112.65     $ 15,112.65  
10/11
  $ 39,360.93     $ 39,360.93       10/19     $ 15,048.21     $ 15,048.21  
10/12
  $ 21,042.14     $ 21,042.14       10/31     $ 15,048.09     $ 15,048.09  

 

 


 

     
Bank of America LOGO
  Account Number 9146
 
  01 01 149 01 M0000 E# 6
CUSTOMER CONNECTION
  Last Statement: 09/30/2011
BANK OF AMERICA, N.A.
  This Statement: 10/31/2011
DALLAS, TEXAS 75283-2406
   
 
  Customer Service 1-800-342-7722
PFF BANCORP, INC
   
DEBTOR IN POSSESSION #08-13127-KJC
   
OPERATING ACCOUNT
   
2058 N. MILLS AVE #139
  Page 2 of 2
CLAREMONT CA 91711
   
 
  Bankruptcy Case Number: 0813127KJC
IMPORTANT INFORMATION
CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.
TERMS AND CONDITIONS. All deposits to, withdrawals from, or other transactions pertaining to your account(s) are subject to the terms and conditions of the agreement you received when you opened your account and any amendments thereto. Amendments to the agreement may be made from time to time in the manner stated therein.
IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS. If you think your statement or receipt is wrong or if you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals, point-of-sale transactions) on the statement or receipt, telephone or write us at the address or number listed on the front of this statement as soon you can. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared.
     
*   Tell us your name and account number
 
*   Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information
 
*   Tell us the dollar amount of the suspected error.
For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation.
For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.
DIRECT DEPOSITS.
If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you may call us at the telephone number listed on the front of this statement to find out if the deposit was made as scheduled.
REPORTING OTHER PROBLEMS.
You must examine your statement carefully and promptly. You are in the best position to discover errors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or unauthorized transactions within the time periods specified in the deposit agreement (which periods are no more than 60 days after we make the statement available to you and in some cases are 30 days or less), we are not liable to you for, and you agree not to make a claim against us for the problems or unauthorized transactions.

 

 


 

     
Bank of America LOGO
  Account Number 9472
 
  01 01 152 01 M0000 E# 0
CUSTOMER CONNECTION
  Last Statement: 08/31/2011
BANK OF AMERICA, N.A.
  This Statement: 09/30/2011
DALLAS, TEXAS 75283-2406
   
 
  Customer Service 1-800-342-7722
PFF BANCORP, INC
   
DEBTOR IN POSSESSION #08-13127-KJC
   
TAX REFUND HOLDING ACCOUNT
   
2058 N. MILLS AVE #139
  Page 1 of 3
CLAREMONT CA 91711
   
 
  Bankruptcy Case Number: 0813127KJC
CUSTOMER CONNECTION ECONOMY CHECKING
Account Summary Information
                     
Statement Period
    09/01/2011 — 09/30/2011     Statement Beginning Balance   $ 44,771,833.45  
Number of Deposits/Credits
    1     Amount of Deposits/Credits   $ 20.00  
Number of Checks
    0     Amount of Checks   $ 0.00  
Number of Other Debits
    32     Amount of Other Debits   $ 44,771,853.45  
 
          Statement Ending Balance   $ 0.00  
Number of Enclosures
    0              
 
          Service Charge   $ 116.00  
Deposits and Credits
                             
    Customer                 Bank  
Date Posted   Reference     Amount     Description   Reference  
02/14           $ 20.00    
SERVICE CHARGE REFUND
    04303040284  
                   
REASON REFUND WIRE FEE
W/O 09/14/11
PER INSTRUCTIONS FROM SR1-1155505583
FDBS NNF 001304 NBK1K5V
       
Withdrawals and Debits
Other Debits
                         
Date   Customer                 Bank
Posted   Reference     Amount     Description   Reference
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900027
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900028
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900029
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900030
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900031
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900032
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900033
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900034
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900035
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900036
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900037
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900038
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900039
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900040
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900041
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900042
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900043
09/08     1     $ 2.00    
PHOTOCOPY/DOCUMENT IMAGE
  09939900044
09/08     1     $ 5.00    
STATEMENT ACTIVITY PRINT
  09939900045
09/08     1     $ 5.00    
STATEMENT ACTIVITY PRINT
  09939900046
09/08     1     $ 5.00    
STATEMENT ACTIVITY PRINT
  09939900047
09/08     1     $ 5.00    
STATEMENT ACTIVITY PRINT
  09939900048
09/08     1     $ 5.00    
STATEMENT ACTIVITY PRINT
  09939900049
09/08     1     $ 5.00    
STATEMENT ACTIVITY PRINT
  09939900050
09/08     1     $ 5.00    
STATEMENT ACTIVITY PRINT
  09939900051
09/08     1     $ 5.00    
STATEMENT ACTIVITY PRINT
  09939900052
09/08     1     $ 5.00    
STATEMENT ACTIVITY PRINT
  09939900053
09/08     1     $ 5.00    
STATEMENT ACTIVITY PRINT
  09939900054
09/08     1     $ 5.00    
STATEMENT ACTIVITY PRINT
  09939900055
09/08     1     $ 5.00    
STATEMENT ACTIVITY PRINT
  09939900056

 

 


 

     
Bank of America LOGO
  Account Number 9472
 
  01 01 152 01 M0000 E# 0
CUSTOMER CONNECTION
  Last Statement: 08/31/2011
BANK OF AMERICA, N.A.
  This Statement: 09/30/2011
DALLAS, TEXAS 75283-2406
   
 
  Customer Service 1-800-342-7722
PFF BANCORP, INC
   
DEBTOR IN POSSESSION #08-13127-KJC
   
TAX REFUND HOLDING ACCOUNT
   
2058 N. MILLS AVE #139
  Page 2 of 3
CLAREMONT CA 91711
   
 
  Bankruptcy Case Number: 0813127KJC
CUSTOMER CONNECTION ECONOMY CHECKING
Other Debits — Continued
                         
Date   Customer                 Bank
Posted   Reference     Amount     Description   Reference
09/14           $ 44,771,737.45    
WIRE TYPE: WIRE OUT DATE: 110914 TIME: 1605 ET
TRN: 2011091400227166 SERVICE REF: 009735
BNF: CORPORATE TRUST CLEARING ID: 121000248 PMT
DET: 011109 14006877NN/ACC/FFC: 83671900 PFF BANCORP
  00370227166
09/14     1     $ 20.00    
BANK ASSIST DOMESTIC WIRE
  09980200007
Daily Balances
                                         
            Collected                     Collected  
Date   Ledger Balance     Balance     Date     Ledger Balance     Balance  
08/31
  $ 44,771,833.45     $ 44,771,833.45       09/21     $ 0.00     $ 0.00  
09/08
  $ 44,771,737.45     $ 44,771,737.45       09/30     $ 0.00     $ 0.00  
09/14
  $ 20.00-     $ 20.00-                          

 

 


 

     
 
  Account Number 9472
CUSTOMER CONNECTION
  01 01 152 01 M0000 E# 0
BANK OF AMERICA, N.A.
  Last Statement: 07/29/2011
DALLAS, TEXAS 75283-2406
  This Statement: 08/31/2011
 
   
 
  Customer Service 1-800-342-7722
PFF BANCORP, INC
   
 
   
 
  Page 3 of 3
 
   
 
  Bankruptcy Case Number: 0813127KJC
IMPORTANT INFORMATION
CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.
TERMS AND CONDITIONS. All deposits to, withdrawals from, or other transactions pertaining to your account(s) are subject to the terms and conditions of the agreement you received when you opened your account and any amendments thereto. Amendments to the agreement may be made from time to time in the manner stated therein.
IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS. If you think your statement or receipt is wrong or if you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals, point-of-sale transactions) on the statement or receipt, telephone or write us at the address or number listed on the front of this statement as soon you can. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared.
     
*   Tell us your name and account number
 
*   Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information
 
*   Tell us the dollar amount of the suspected error.
For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation.
For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.
DIRECT DEPOSITS.
If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you may call us at the telephone number listed on the front of this statement to find out if the deposit was made as scheduled.
REPORTING OTHER PROBLEMS.
You must examine your statement carefully and promptly. You are in the best position to discover errors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or unauthorized transactions within the time periods specified in the deposit agreement (which periods are no more than 60 days after we make the statement available to you and in some cases are 30 days or less), we are not liable to you for, and you agree not to make a claim against us for the problems or unauthorized transactions.

 

 


 

CTS CMES SPECIALIZED PRODS MN
CORPORATE TRUST SERVICES
MAC N9311-110 SPECIALIZED PRODUCTS
625 MARQUETTE AVE, 11TH FLOOR
MINNEAPOLIS, MN 55402-2308
PFF BANCORP FDIC QSF
ACCOUNT NUMBER 83671900
MONTHLY STATEMENT
OCTOBER 1, 2011 THROUGH OCTOBER 31, 2011
     
 
  ACCOUNT MANAGER: DAVID BERGSTROM
 
  TELEPHONE NUMBER: 612-667-7390
 
   
FEDERAL DEPOSIT INSURANCE CORP
  ADMINISTRATOR: DAVID PICKETT
3501 FAIRFAX DRIVE
  TELEPHONE NUMBER: (612) 667-9099
ARLINGTON, VIRGINIA 22226
   
ATTN: B. AMON JAMES
   

 

 


 

     
TABLE OF CONTENTS   PFF BANCORP FDIC QSF
FOR THE PERIOD ENDED OCTOBER 1, 2011 THROUGH OCTOBER 31, 2011   ACCOUNT NUMBER 83671900
         
REPORT NAME   PAGE NUMBER  
 
       
ASSET SUMMARY
    1  
STATEMENT OF ASSETS
    2  
CASH SUMMARY
    3  
STATEMENT OF TRANSACTIONS
    4  
CASH MANAGEMENT TRANSACTION JOURNAL
    5  

 

 


 

PAGE 1
     
ASSET SUMMARY   PFF BANCORP FDIC QSF
AS OF OCTOBER 31, 2011   ACCOUNT NUMBER 83671900
ASSET SUMMARY
                                 
                    UNREALIZED     ACCRUED  
INVESTMENT CATEGORY   COST VALUE     MARKET VALUE     GAIN/LOSS     INCOME  
 
                               
CASH
  $ 0.00     $ 0.00                  
CASH EQUIVALENTS
  $ 42,332,157.45     $ 42,329,810.80     $ 2,346.65-     $ 4.26  
 
                       
TOTAL INVESTMENTS
  $ 42,332,157.45     $ 42,329,810.80     $ 2,346.65-     $ 4.26  
 
                       

 

 


 

PAGE 2
     
STATEMENT OF ASSETS   PFF BANCORP FDIC QSF
AS OF OCTOBER 31, 2011   ACCOUNT NUMBER 83671900
STATEMENT OF ASSETS
                                     
        COST VALUE     MARKET VALUE     UNREALIZED        
PAR VALUE / SHARES   DESCRIPTION   / UNIT COST     / UNIT PRICE     GAIN / LOSS     ACCRUED INCOME  
CASH EQUIVALENTS
                                   
 
                                   
$20,925,000
  US TREASURY BILL   $ 20,915,618.63     $ 20,915,165.25     $ 453.38-     $ 0.00  
 
  DTD 06/30/11 06/28/2012     99.995       99.953                  
 
  CUSIP9127953W9                                
 
                                   
$21,167.000
  US TREASURY BILL   $ 21,165,929.89     $ 21,164,036.62     $ 1,893.27-     $ 0.00  
 
  DTD 09/22/11 03/22/2012     99.995       99.986                  
 
  CUSIP9127955E7                                
 
                                   
$250,608.93
  WFB MONEY MARKET   $ 250,608.93     $ 250,608.93     $ 0.00     $ 4.26  
 
  DEPOSIT ACCOUNT     1.000       1.000                  
 
  CUSIP999491905                                
 
                                   
                             
TOTAL CASH EQUIVALENTS
      $ 43,332,157.45     $ 42,329,810.80     $ 2,346.65-     $ 4.26  
                             
 
                                   
TOTAL INVESTMENTS
      $ 42,332,157.45     $ 42,329,810.80     $ 2,346.65-     $ 4.26  
                             

 

 


 

PAGE 3
     
CASH SUMMARY   PFF BANCORP FDIC QSF
FOR THE PERIOD OCTOBER 1, 2011 THROUGH OCTOBER 31, 2011   ACCOUNT NUMBER 83671900
CASH SUMMARY
                 
DESCRIPTION   PRINCIPAL CASH     INCOME CASH  
BEGINNING BALANCE
  $ 21,166,227.56     $ 0.00  
 
               
DISBURSEMENTS
               
 
               
PURCHASES
  $ 20,915,618.63-     $ 0.00  
CASH MANAGEMENT PURCHASES
  $ 250,608.93-     $ 0.00  
TOTAL CASH DISBURSEMENTS
  $ 21,166,227.56-     $ 0.00  
 
           
ENDING BALANCE
  $ 0.00     $ 0.00  
 
           

 

 


 

PAGE 4
     
 
   
STATEMENT OF TRANSACTIONS
  PFF BANCORP FDIC QSF
FOR THE PERIOD OCTOBER 1, 2011 THROUGH OCTOBER 31, 2011
  ACCOUNT NUMBER 83671900
STATEMENT OF TRANSACTIONS
                                                 
        PAR VALUE /                                 REALIZED  
DATE     SHARES     DESCRIPTION   PRINCIPAL CASH     INCOME CASH     COST VALUE     GAIN/LOSS  
               
BEGINNING BALANCE
  $ 21,166,227.56     $ 0.00     $ 21,165,929.89          
                                     
               
 
                               
10/03/11         20,925,000    
PURCHASED
  $ 20,915,618.63-             $ 20,915,618.63          
               
US TREASURY BILL 6/28/12
CUSIP 9127953W9
AT $99.96 ON TRADE DATE 09/30/2011
TO SETTLE ON 10/03/2011
WELLS FARGO SECURITIES, LLC
                               
               
 
                               
10/31/11         250,608.93    
CASH SWEEP PURCHASES FOR STMT PERIOD
  $ 250,608.93             $ 250,608.93          
               
WEB MONEY MARKET DEPOSIT ACCOUNT CUSIP 999491905
1 TRANSACTION
                               
                                     
               
 
                               
               
ENDING BALANCE
  $ 0.00     $ 0.00     $ 42,332,157.45          
                                     

 

 


 

PAGE 5
     
STATEMENT OF TRANSACTIONS   PFF BANCORP FDIC QSF
FOR THE PERIOD OCTOBER 1, 2011 THROUGH OCTOBER 31, 2011   ACCOUNT NUMBER 83671900
STATEMENT OF TRANSACTIONS
                                 
DATE     PAR VALUE / SHARES     DESCRIPTION   PRINCIPAL CASH     INCOME CASH  
               
 
               
10/03/11         250,608.93    
PURCHASED
WFB MONEY MARKET DEPOSIT ACCOUNT
    250,608.93-          
               
 
               
WFB MONEY MARKET DEPOSIT ACCOUNT                    
               
 
               
    TOTAL PURCHASES/DEPOSITS   $ 250,608.93-     $ 0.00  
 
               
TOTAL SALES/WITHDRAWALS
  $ 0.00     $ 0.00  

 

 


 

PFF Bancorp, Inc.
Transaction Detail by Account
October 2011
                                                                 
    Date     Type   Num     Name     Memo/Description     Split     Amount     Balance  
B of A Checking
                                                               
 
    10/03/2011     Journal Entry     563                     -SPLIT-     -161.32       -161.32  
 
    10/05/2011     Journal Entry     570                     -SPLIT-     -5,019.37       -5,180.69  
 
    10/05/2011     Journal Entry     574                     -SPLIT-     -46.17       -5,226.86  
 
    10/05/2011     Journal Entry     573                     -SPLIT-     -9,817.41       -15,044.27  
 
    10/05/2011     Journal Entry     572                     -SPLIT-     -1,193.40       -16,237.67  
 
    10/05/2011     Journal Entry     571                     -SPLIT-     -3,482.01       -19,719.68  
 
    10/06/2011     Journal Entry     575                     -SPLIT-     -7,165.94       -26,885.62  
 
    10/14/2011     Journal Entry     580                     -SPLIT-     0.00       -26,885.62  
 
                                                             
Total for B of A Checking
                                                    -26,885.62          
Post Petition Unpaid — KCC
                                                               
 
    10/05/2011     Journal Entry     570                     -SPLIT-     -5,019.37       -5,019.37  
 
    10/05/2011     Journal Entry     571                     -SPLIT-     -3,482.01       -8,501.38  
 
    10/30/2011     Journal Entry     583                     -SPLIT-     11,312.11       2,810.73  
 
                                                             
Total for Post Petition Unpaid — KCC
                                                    2,810.73          
Post Petition Unpaid — McCarthy
                                                               
 
    10/05/2011     Journal Entry     574                     -SPLIT-     -46.17       -46.17  
 
    10/06/2011     Journal Entry     575                     -SPLIT-     -7,000.00       -7,046.17  
 
    10/08/2011     Journal Entry     576                     -SPLIT-     6,388.37       -657.80  
 
    10/21/2011     Journal Entry     581                     -SPLIT-     5,432.24       4,774.44  
 
                                                             
Total for Post Petition Unpaid — McCarthy
                                                    4,774.44          
Post Petition Unpaid — Pure Comp
                                                               
 
    10/05/2011     Journal Entry     572                     -SPLIT-     -1,193.40       -1,193.40  
 
    10/10/2011     Journal Entry     579                     -SPLIT-     2,123.10       929.70  
 
                                                             
Total for Post Petition Unpaid — Pure Comp
                                                    929.70          
Post Petition Unpaid — RLF
                                                               
 
    10/08/2011     Journal Entry     578                     -SPLIT-     16,149.29       16,149.29  
 
                                                             
Total for Post Petition Unpaid — RLF
                                                    16,149.29          
Post Petition Unpaid — Talbott
                                                               
 
    10/05/2011     Journal Entry     573                     -SPLIT-     -9,817.41       -9,817.41  
 
    10/08/2011     Journal Entry     577                     -SPLIT-     11,066.41       1,249.00  
 
    10/21/2011     Journal Entry     582                     -SPLIT-     5,144.66       6,393.66  
 
                                                             
Total for Post Petition Unpaid — Talbott
                                                    6,393.66          
Bank Charges
                                                               
 
    10/03/2011     Journal Entry     563                     -SPLIT-     161.32       161.32  
 
                                                             
Total for Bank Charges
                                                    161.32          
Contractor — Talbott
                                                               
 
    10/08/2011     Journal Entry     577                     -SPLIT-     10,812.50       10,812.50  
 
    10/21/2011     Journal Entry     582                     -SPLIT-     5,000.00       15,812.50  
 
                                                             
Total for Contractor — Talbott
                                                    15,812.50          
Contractor — Talbott — Expenses
                                                               

 

 


 

                                                                 
    Date     Type   Num     Name     Memo/Description     Split     Amount     Balance  
 
    10/08/2011     Journal Entry     577                     -SPLIT-     253.91       253.91  
 
    10/21/2011     Journal Entry     582                     -SPLIT-     144.66       398.57  
 
                                                             
Total for Contractor — Talbott — Expenses
                                                    398.57          
Kurtzman Carson
                                                               
 
    10/30/2011     Journal Entry     583                     -SPLIT-     11,312.11       11,312.11  
 
                                                             
Total for Kurtzman Carson
                                                    11,312.11          
Office Expenses
                                                               
 
    10/06/2011     Journal Entry     575                     -SPLIT-     64.44       64.44  
 
    10/10/2011     Journal Entry     579                     -SPLIT-     2,123.10       2,187.54  
 
                                                             
Total for Office Expenses
                                                    2,187.54          
Payroll
                                                               
 
    10/06/2011     Journal Entry     575                     -SPLIT-     101.50       101.50  
 
    10/08/2011     Journal Entry     576                     -SPLIT-     6,125.00       6,226.50  
 
    10/21/2011     Journal Entry     581                     -SPLIT-     5,375.00       11,601.50  
 
                                                             
Total for Payroll
                                                    11,601.50          
Post Petition Accrued Exp — RLF
                                                               
 
    10/08/2011     Journal Entry     578                     -SPLIT-     16,149.29       16,149.29  
 
                                                             
Total for Post Petition Accrued Exp — RLF
                                                    16,149.29          
Postage
                                                               
 
    10/08/2011     Journal Entry     576                     -SPLIT-     222.12       222.12  
 
    10/21/2011     Journal Entry     581                     -SPLIT-     15.99       238.11  
 
                                                             
Total for Postage
                                                    238.11          
Travel
                                                               
 
    10/08/2011     Journal Entry     576                     -SPLIT-     41.25       41.25  
 
    10/21/2011     Journal Entry     581                     -SPLIT-     41.25       82.50  
 
                                                             
Total for Travel
                                                    82.50          
US Trustee
                                                               
 
    10/14/2011     Journal Entry     580                     -SPLIT-     0.00       0.00  
 
                                                             
Total for US Trustee
                                                    0.00          

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
Date: 10/03/2011
                 
Account   Debit     Credit  
 
               
Bank Charges
  $ 161.32          
B of A Checking
          $ 161.32  
 
               
Totals
  $ 161.32     $ 161.32  
Memo: B of A — Sept

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
Date: 10/05/2011
                 
Account   Debit     Credit  
 
               
Post Petition Unpaid — KCC
  $ 5,019.37          
B of A Checking
          $ 5,019.37  
 
               
Totals
  $ 5,019.37     $ 5,019.37  
Memo: Pay Post Petition Debts

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
Date: 10/05/2011
                 
Account   Debit     Credit  
 
               
Post Petition Unpaid — McCarthy
  $ 46.17          
B of A Checking
          $ 46.17  
 
               
Totals
  $ 46.17     $ 46.17  
Memo: Pay Post Petition Debts

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
Date: 10/05/2011
                 
Account   Debit     Credit  
 
               
Post Petition Unpaid — Talbott
  $ 9,817.41          
B of A Checking
          $ 9,817.41  
 
               
Totals
  $ 9,817.41     $ 9,817.41  
Memo: Pay Post Petition Debts

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
Date: 10/05/2011
                 
Account   Debit     Credit  
 
               
Post Petition Unpaid — Pure Co
  $ 1,193.40          
B of A Checking
          $ 1,193.40  
 
               
Totals
  $ 1,193.40     $ 1,193.40  
Memo: Pay Post Petition Debts

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
Date: 10/05/2011
                 
Account   Debit     Credit  
 
               
Post Petition Unpaid — KCC
  $ 3,482.01          
B of A Checking
          $ 3,482.01  
 
               
Totals
  $ 3,482.01     $ 3,482.01  
Memo: Pay Post Petition Debts

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
Date: 10/06/2011
                 
Account   Debit     Credit  
 
               
Post Petition Unpaid — McCarthy
  $ 7,000.00          
Office Expenses
  $ 64.44          
Payroll
  $ 101.50          
B of A Checking
          $ 7,165.94  
 
               
Totals
  $ 7,165.94     $ 7,165.94  
Memo: Process Accrued Payroll 9/10 — 9/23/11

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
Date: 10/14/2011
                 
Account   Debit     Credit  
 
               
US Trustee
  $ 0.00          
B of A Checking
          $ 0.00  
 
               
Totals
  $ 0.00     $ 0.00  
Memo: Q3 ‘11

 

 


 

PFF Bancorp, Inc.
Profit & Loss
October 2011
         
    Total  
Income
       
Total Income
       
Expenses
       
Bank Charges
    161.32  
Contractor — Talbott
    15,812.50  
Contractor — Talbott — Expenses
    398.57  
Kurtzman Carson
    11,312.11  
Office Expenses
    2,187.54  
Payroll
    11,601.50  
Post Petition Accrued Exp — RLF
    16,149.29  
Postage
    238.11  
Travel
    82.50  
US Trustee
    0.00  
 
     
Total Expenses
  $ 57,943.44  
 
     
 
       
Net Operating Income
  $ -57,943.44  
 
     
 
       
Net Income
  $ -57,943.44  
 
     

 

 


 

PFF Bancorp, Inc.
Profit & Loss
December 5, 2008 — October 31, 2011
         
    Total  
Income
       
Interest Income
    33,315.22  
Refunds-Allowances
    17,200.00  
Settlement Funds Received
    157,912.20  
Workers Comp Experience Refund
    10,563.00  
 
     
 
       
Total Income
  $ 218,990.42  
Expenses
       
Accrued Expenses
    0.00  
Bank Charges
    4,156.52  
Bank Charges — Tax A/C’s
    -2549.28  
Blank Rome — Expenses
    30,697.85  
Blank Rome — Fees
    1,167,570.20  
Commissions & Fees
    0.00  
Contractor — Talbott
    711,930.75  
Contractor — Talbott — Expenses
    9,306.94  
Flaster Greenberg — Expenses
    1,789.42  
Flaster Greenberg Fees
    55,383.78  
Interest Expense
    0.99  
JH Cohn — Expenses
    5,472.15  
JH Cohn — Fees
    726,866.80  
Kurtzman Carson
    264,427.52  
Legal & Professional Fees
    298,102.77  
Office Expenses
    62,160.99  
Payroll
    713,272.67  
PHJW Expenses
    24,982.85  
PHJW Fees
    1,997,643.56  
Post Petit Prof — Pending
    0.00  
Post Petition Accrued Exp — JH C
    40,002.16  
Post Petition Accrued Exp — MOGR
    28,341.39  
Post Petition Accrued Exp — PH
    17,306.21  
Post Petition Accrued Exp — RLF
    79,471.39  
Postage
    3,424.58  
Progressive Reimb
    -202416.95  
RLF — Fees
    251,248.88  
RLF Expenses
    4,778.68  
Supplies
    383.11  
Taxes & Licenses
    15,653.23  
Travel
    17,518.75  
US Trustee
    41,924.01  
 
     
 
       
Total Expenses
  $ 6,368,851.92  
 
     
 
       
Net Operating Income
  $ -6,149,861.50  
Other Income
       
Funds Disb to Bancorp From Tax A/C
    1,000,000.00  
Other Income
    125,750.46  

 

 


 

         
    Total  
Total Other Income
  $ 1,125,750.46  
Other Expenses
       
 
       
Charge Off Invest in PFF B&T
    142,517,693.00  
Miscellaneous
    2,000.20  
 
     
 
       
Total Other Expenses
  $ 142,519,693.20  
 
     
 
       
Net Other Income
  $ -141,393,942.74  
 
     
 
       
Net Income
  $ -147,543,804.24  
 
     

 

 


 

PFF Bancorp, Inc.
Balance Sheet
As of October 31, 2011
         
    Total  
ASSETS
       
Current Assets
       
Bank Accounts
       
B of A Checking
    15,065.21  
Checking
    0.00  
Citigroup Margin
    700,000.00  
M&I Bank Account
    1,000,000.00  
Money Market — Tax Refund
    0.00  
Paine Webber Business Svcs.
    0.00  
PFF Bancorp FDIC QSF
    42,332,157.45  
Trust Inv A/C
    0.00  
Wells Fargo Tax Escrow
    0.00  
 
     
 
       
Total Bank Accounts
  $ 44,047,222.66  
Other Current Assets
       
Prepaid — Moffett
    4,060.00  
 
     
Total Other Current Assets
  $ 4,060.00  
 
     
 
       
Total Current Assets
  $ 44,051,282.66  
Other Assets
       
Accrued Interest
    5,666.00  
Accum Comp Gain/Loss 1
    136,845.00  
Accum Comp Gain/Loss 2
    -3,531,160.00  
Capital SERP PFF
    -377,518.00  
Capital Stock Investment
    0.00  
Common Stock Dist. Def. Comp
    1,389,015.00  
Common Stock Dist. SERP
    641,438.00  
Deferred Costs — JR SUB
    91,654.00  
Interest Receivable
    82,351.00  
Investment in PFF Real Estate Svcs.
    55,000.00  
Investment in Trust I
    928,000.00  
Investment in Trust II
    774,000.00  
Investment in Trust III
    928,000.00  
Investment with Subsidiaries
    1,307,442.00  
Kurtzman Carson Retainer
    15,000.00  
Net Income/Loss
    0.00  
Net Income/Loss — DBS
    16,886,374.00  
Net Income/Loss — GIA
    730,807.00  
Net Income/Loss — PFF RESI
    -29275.00  
Net Income/Loss DBS correction
    -33,772,748.00  
PFF B&T Cash Dividend
    0.00  
PFF FAS 115
    1,228,035.00  
Prepaid Expenses
    33,000.00  

 

 


 

         
    Total  
Prepaid OTS Assessment
    6,357.00  
Progressive — Tail
    0.00  
RLF Retainer
    65,940.94  
Stock Options Granted
    24,911,967.00  
Travellers Tail
    0.00  
US Treasury Bonds — HTM
    0.00  
US Treasury Bonds — UNAM
    953.00  
US Treasury Bonds Mkt Value
    13,329.00  
Valuation Allowance
    -1,500,413.00  
 
     
 
       
Total Other Assets
  $ 11,020,059.94  
 
     
 
       
TOTAL ASSETS
  $ 55,071,342.60  
 
     
LIABILITIES AND EQUITY
       
Liabilities
       
Current Liabilities
       
Accounts Payable
       
Post Petition Debts
    0.00  
Post Petition Unpaid — JH C
    40,002.16  
Post Petition Unpaid — KCC
    11,312.11  
Post Petition Unpaid — McCarthy
    11,820.61  
Post Petition Unpaid — MOGR
    28,341.39  
Post Petition Unpaid — PH
    17,306.21  
Post Petition Unpaid — Pure Comp
    2,123.10  
Post Petition Unpaid — RLF
    79,471.39  
Post Petition Unpaid — Talbott
    16,211.07  
 
     
 
Total Accounts Payable
  $ 206,588.04  
Other Current Liabilities
       
Accrued Expenses Payable
    0.00  
Due to FDIC — Taxes
    0.00  
Suspense — NOL Carryback
    42,332,157.45  
 
     
 
Total Other Current Liabilities
  $ 42,332,157.45  
 
     
 
Total Current Liabilities
  $ 42,538,745.49  
Long Term Liabilities
       
Accrued Tax Fees
    6,311.00  
Deferred FIT
    -128,004.00  
Deferred SIT
    -1,378,007.00  
FAS 115 FIT
    4,132.00  
FAS 115 SIT
    1,466.00  
Intercompany Payable
    15.00  
Interest Payable — JR SUB Debt
    2,743,922.00  
Interest Payable — M&I
    -106,985.00  
Interest Payable — Other Notes
    -304,034.00  
Interest Payable — Secured Borrowings
    80,821.00  
Interest Payable — Swap Fixed
    452,506.00  
Interest Payable — Swap Variable
    -364,583.00  

 

 


 

         
    Total  
JR SUB Debt I
    30,928,000.00  
JR SUB Debt II
    25,774,000.00  
JR SUB Debt III
    30,928,000.00  
JR SUB Debt MTM
    779,740.00  
Notes Payable — DBS
    -19,280,093.00  
Notes Payable M&I
    44,000,000.00  
Other Accrued Liabilities
    2,806,000.00  
Secured Borrowings
    486,849.00  
 
     
 
       
Total Long Term Liabilities
  $ 117,430,056.00  
 
     
 
       
Total Liabilities
  $ 159,968,801.49  
Equity
       
APIC Equity Incentive Plan
    5,565,899.00  
APIC ESOP
    28,709,074.00  
APIC Preferred Stock
    6,990,000.00  
APIC Retained Earnings
    -53,645,740.00  
APIC SERP
    -377,518.00  
APIC Stock Options Granted
    24,901,591.00  
APIC Treasury
    -113,220,689.00  
APIC Valuation Def Tax
    10,376.00  
Common Stock
    224,811.00  
Common Stock Aquired
    -86,371.00  
Common Stock Dist Def Comp
    1,389,015.00  
Common Stock Dist SERP
    641,438.00  
Dividends
    81,713,632.00  
ISO Stock Options FAS 123R
    326,562.00  
NQ Stock Options FAS 123R
    700,675.00  
Opening Balance Equity
    -163,427,263.00  
Other Comprehensive Earnings
    -2,152,951.00  
 
       
Paid-In Capital or Surplus
    224,451,453.00  
Preferred Stock
    10,000.00  
Retained Earnings
    -146,678,997.03  
Net Income
    -942455.86  
 
     
 
       
Total Equity
  $ -104,897,458.89  
 
     
 
       
TOTAL LIABILITIES AND EQUITY
  $ 55,071,342.60  
 
     

 

 


 

     
In re PFF Bancorp, Inc.   Case No. 08-13127
    Reporting Period: 10/1/11 — 10/31/11
STATUS OF POSTPETITION TAXES
The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period.
                                                 
            Amount                             Ending  
    Beginning     Withheld or     Amount             Check No.     Tax  
Federal   Tax Liability     Accrued     Paid     Date Paid     _____T     Liability  
Withholding
  NONE                                   NONE
FICA-Employee
  NONE                                   NONE
FICA-Employer
  NONE                                   NONE
Unemployment
  NONE                                   NONE
Income
  NONE                                   NONE
Other:
  NONE                                   NONE
Total Federal Taxes
  NONE                                   NONE
State and Local
                                               
Withholding
  NONE                                   NONE
Sales
  NONE                                   NONE
Excise
  NONE                                   NONE
Unemployment
  NONE                                   NONE
Real Property
  NONE                                   NONE
Personal Property
  NONE                                   NONE
Other:
  NONE                                   NONE
Total State and Local
  NONE                                   NONE
Total Taxes
  NONE                                   NONE
SUMMARY OF UNPAID POSTPETITION DEBTS
Attach aged listing of accounts payable.
Number of Days Past Due
                                                 
    Current     0-30     31-60     61-90     Over 90     Total  
Accounts Payable
  $ 18,334.17     $ 11,312.11                     $ 28,341.39     $ 57,987.67  
Wages Payable
  $ 11,820.61                                     $ 11,820.61  
Taxes Payable
                                               
Rent/Leases-Building
                                               
Rent/Leases-Equipment
                                               
Secured Debt/Adequate Protection Payments
                                               
Professional Fees
                          $ 16,149.29     $ 120,630.47     $ 136,779.76  
Amounts Due to Insiders*
                                               
Other: Contractor
                                               
Other: _____________
                                               
Total Postpetition Debts
  $ 30,154.78     $ 11,312.11     $ 0.00     $ 16,149.29     $ 148,971.86     $ 206,588.04  
Explain how and when the Debtor intends to pay any past-due postpetition debts.
Amounts will be paid upon release of tax refund monies held in suspense pending authorization from FDIC.
 
     
*   “Insider” is defined in 11 U.S.C. Section 101(31).

 

 


 

Post Petition Debts
                                         
Firm     Description     Requested     Authorized     Expenses     Total Due  
 
Paul Hastings
    8th Interim 4/1 - 7/31/11   $ 21,287.00     $ 17,029.60     $ 276.61     $ 17,306.21  
 
RLF
    4/1 - 4/30/11     $ 19,180.50     $ 15,344.40     $ 200.02     $ 15,544.42  
 
    5/1 - 5/31/11     $ 17,422.50     $ 13,938.00     $ 188.19     $ 14,126.19  
 
    6/1 - 6/30/11     $ 17,975.00     $ 14,380.00     $ 338.81     $ 14,718.81  
 
    7/1 - 7/31/11     $ 23,334.00     $ 18,667.20     $ 265.48     $ 18,932.68  
 
    8/1 - 8/31/11     $ 20,128.49     $ 15,916.80     $ 232.49     $ 16,149.29  
 
JH Cohn
    4/1 - 4/30/11     $ 19,588.00     $ 15,670.40     $ 11.52     $ 15,681.92  
 
    5/1 - 5/31/11     $ 14,013.00     $ 11,210.40     $ 15.60     $ 11,226.00  
 
    6/1 - 6/30/11     $ 6,134.00     $ 4,907.20     $ 0.00     $ 4,907.20  
 
    7/1 -7/31/11     $ 10,223.00     $ 8,178.40     $ 8.64     $ 8,187.04  
 
Moffett & Grigorian
    11/1/10 - 12/31/10     NA     $ 15,290.30     $ 0.00     $ 15,290.30  
 
    1/1/11 - 1/31/11     NA     $ 6,585.50     $ 0.00     $ 6,585.50  
 
    1/27/11 - 6/25/11     NA     $ 6,460.00     $ 5.59     $ 6,465.59  
 
Kurtzman Carson
    9/1/11 - 9/30/11     NA     $ 7,922.00     $ 3,390.11     $ 11,312.11  
 
RR Donnelley
    10/4/2011     NA     $ 2,123.10     $ 0.00     $ 2,123.10  
 
McCarthy
    9/24/11 - 10/7/11     NA     $ 6,125.00     $ 263.37     $ 6,388.37  
 
    10/8/11 - 10/21/11     NA     $ 5,375.00     $ 57.24     $ 5,432.24  
 
Talbott
    9/25/11 - 10/8/11     NA     $ 10,812.50     $ 253.91     $ 11,066.41  
 
    10/9/11 - 10/22/11     NA     $ 5,000.00     $ 144.66     $ 5,144.66  
 
                                     
 
Total
                                  $ 206,588.04  
 
                                     

 

 


 

     
In re PFF Bancorp, Inc.   08-13127
    Debtor   10/1/11 — 10/31/11
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
         
Accounts Receivable Reconciliation        
Total Accounts Receivable at the beginning of the reporting period
  NONE
+ Amounts billed during the period
  NONE
- Amounts collected during the period
  NONE
Total Accounts Receivable at the end of the reporting period
  NONE
Accounts Receivable Aging
       
0 - 30 days old
  NONE
31 -60 days old
  NONE
61 - 90 days old
  NONE
91+ days old
  NONE
Total Accounts Receivable
  NONE
Amount considered uncollectible (Bad Debt)
  NONE
Accounts Receivable (Net)
  NONE
DEBTOR QUESTIONNAIRE
                 
Must be completed each month   Yes     No  
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.
            X  
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.
            X  
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.
    X          
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.
    X          
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.
            X  

 

 


 

UNITED STATES BANKRUPTCY COURT
IN THE DISTRICT OF DELAWARE
     
In re Glencrest Investment Advisors, Inc.
  Case No. 08-13128
 
  Reporting Period: 10/1/11 — 10/31/11
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month
Submit copy of report to any official committee appointed in the case.
                                 
                            Affidavit /  
            Document     Explanation     Supplement  
REQUIRED DOCUMENTS   Form No.     Attached     Attached     Attached  
Schedule of Cash Receipts and Disbursements
  MOR-1   YES                
Bank Reconciliation (or copies of debtor’s bank reconciliations)
  MOR-1a   YES                
Schedule of Professional Fees Paid
  MOR-1b   YES                
Copies of bank statements
          YES                
Cash disbursements journals
          YES                
Statement of Operations
  MOR-2   YES                
Balance Sheet
  MOR-3   YES                
Status of Post-petition Taxes
  MOR-4   YES                
Copies of IRS Form 6123 or payment receipt
            N/A                  
Copies of tax returns filed during reporting period
            N/A                  
Summary of Unpaid Post-petition Debts
  MOR-4   YES                
Listing of aged accounts payable
  MOR-4   YES                
Accounts Receivable Reconciliation and Aging
  MOR-5   YES                
Debtor Questionnaire
  MOR-5   YES                
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.
         
 
     
Signature of Debtor
    Date  
 
 
     
Signature of Joint Debtor
    Date  
 
       
/s/ Kevin McCarthy
    November 20, 2011  
 
     
Signature of Authorized Individual*
    Date  
 
       
Kevin McCarthy
    CEO  
 
     
Printed Name of Authorized Individual
    Title of Authorized Individual  
     
*   Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

 

 


 

     
In re Glencrest Investment Advisors, Inc.
  Case No. 08-13128
 
  Reporting Period: 10/1/11 — 10/31/11
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]
                                                                 
                                                    CUMULATIVE FILING  
    BANK ACCOUNTS     CURRENT MONTH     TO DATE  
    OPER.     PAYROLL     TAX     OTHER     ACTUAL     PROJECTED     ACTUAL     PROJECTED  
CASH BEGINNING OF MONTH
  $ 94,118.54                             $ 94,118.54             $ 31,278.00          
 
                                                               
CASH SALES
                                                  $ 3,516.02          
ACCOUNTS RECEIVABLE
                                                               
LOANS AND ADVANCES
                                                               
SALE OF ASSETS
                                                  $ 30,277.00          
OTHER (ATTACH LIST)
  $ 580.22 1                           $ 580.22             $ 64,866.23          
TRANSFERS (FROM DIP ACCTS)
                                                  $ 196,027.42          
 
TOTAL RECEIPTS
  $ 580.22                             $ 580.22             $ 294,686.67          
 
                                                               
NET PAYROLL
                                                  $ 27,609.67          
PAYROLL TAXES
                                                               
SALES, USE & OTHER TAXES
                                                               
INVENTORY PURCHASES
                                                               
SECURED RENTAL/LEASES
                                                  $ 124,519.58          
INSURANCE
                                                               
ADMINISTRATIVE
  $ 646.72                             $ 646.72             $ 70,138.38          
SELLING
                                                               
OTHER (ATTACH LIST)
                                                               
 
                                                               
OWNER DRAW*
                                                               
TRANSFERS (TO DIP ACCTS)
                                                  $ 4,445.00          
 
                                                               
PROFESSIONAL FEES
                                                               
U.S. TRUSTEE QUARTERLY FEES
  $ 325.00                             $ 325.00             $ 5,525.00          
COURT COSTS
                                                               
TOTAL DISBURSEMENTS
  $ 971.72                             $ 971.72             $ 232,237.63          
 
                                                               
NET CASH FLOW
                                                               
(RECEIPTS LESS DISBURSEMENTS)
  $ (391.50 )                           $ (391.50 )           $ 62,449.04          
 
                                                               
CASH — END OF MONTH
  $ 93,727.04                             $ 93,727.04             $ 93,727.04          
     
*   COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE
THE FOLLOWING SECTION MUST BE COMPLETED
         
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)        
TOTAL DISBURSEMENTS
  $ 971.72  
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS
  $    
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)
  $    
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES
  $ 971.72  
 
     
1   California Financial Partners – Sept 2011 $580.22

 

 


 

Account 9162
Account Name Glencrest Investment Advisors, Inc.
Reconciliation As of Date 10/31/11
                 
Balance per Bank
          $ 93,726.32  
 
               
Deposits in Transit
         
Date
  Amount        
 
               
Total
               
 
               
Outstanding Checks
               
Check #
  Amount        
 
               
Total
               
Other (List)
               
Bank charges on bank not on books
          $ 0.72  
 
               
Balance per Books
          $ 93,727.04  

 

 


 

     
In re Glencrest Investment Advisors, Inc.
  Case No. 08-13128
 
  Reporting Period: 10/1/11 — 10/31/11
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

This schedule is to include all retained professional payments from case inception to current month.
                                                                         
    Period     Amount             Check     Amount Paid     Year-To-Date  
Payee   Covered     Covered     Payor     Number     Date     Fees     Expenses     Fees     Expenses  
 
                  NONE                                                

 

 


 

     
Bank of America LOGO
  Account Number 9162
 
  01 01 149 01 M0000 E# 2
CUSTOMER CONNECTION
  Last Statement: 09/30/2011
BANK OF AMERICA, N.A.
  This Statement: 10/31/2011
DALLAS, TEXAS 75283-2406
   
 
  Customer Service 1-800-342-7722
GLENCREST INVESTMENT ADVISORS, INC.
   
DEBTOR IN POSSESSION #08-13128
   
OPERATING ACCOUNT
  Page 1 of 2
2058 N. MILLS AVE #139
 
CLAREMONT CA 91711
  Bankruptcy Case Number: 0813128
CUSTOMER CONNECTION ECONOMY CHECKING
Account Summary Information
                     
Statement Period
    10/01/2011 — 10/31/2011     Statement Beginning Balance   $ 94,021.82  
Number of Deposits/Credits
    1     Amount of Deposits/Credits   $ 580.22  
Number of Checks
    2     Amount of Checks   $ 875.00  
Number of Other Debits
    1     Amount of Other Debits   $ 0.72  
 
          Statement Ending Balance   $ 93,726.32  
Number of Enclosures
    2              
 
          Service Charge   $ 0.72  
Deposits and Credits
                                 
Date   Customer                     Bank  
Posted   Reference     Amount     Description     Reference  
10/18
          $ 580.22     CA BANKING CENTER DEPOSIT       299705760704475  
Withdrawals and Debits
Checks
                                                         
Check           Date     Bank     Check             Date     Bank  
Number   Amount     Posted     Reference     Number     Amount     Posted     Reference  
1147
  $ 325.00       10/25       6892257202       1148     $ 550.00       10/31       6192658932  
Other Debits
                                 
Date   Customer                     Bank  
Posted   Reference     Amount     Description     Reference  
10/31
          $ 0.72     FDIC ASSESSMENT          
Daily Balances
                                         
Date   Ledger Balance     Collected Balance     Date     Ledger Balance     Collected Balance  
09/30
  $ 94,021.82     $ 93,438.30       10/21     $ 94,602.04     $ 94,567.23  
10/03
  $ 94,021.82     $ 93,986.81       10/24     $ 94,602.04     $ 94,602.04  
10/04
  $ 94,021.82     $ 94,021.82       10/25     $ 94,277.04     $ 94,277.04  
10/18
  $ 94,602.04     $ 94,021.82       10/31     $ 93,726.32     $ 93,726.32  

 

 


 

     
 
  Account Number 9162
CUSTOMER CONNECTION
  01 01 149 01 M0000 E# 2
BANK OF AMERICA, N.A.
  Last Statement: 09/30/2011
DALLAS, TEXAS 75283-2406
  This Statement: 10/31/2011
 
   
 
  Customer Service 1-800-342-7722
GLENCREST INVESTMENT ADVISORS, INC.
   
 
  Page 2 of 2
 
   
 
  Bankruptcy Case Number: 0813128
IMPORTANT INFORMATION
CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.
TERMS AND CONDITIONS. All deposits to, withdrawals from, or other transactions pertaining to your account(s) are subject to the terms and conditions of the agreement you received when you opened your account and any amendments thereto. Amendments to the agreement may be made from time to time in the manner stated therein.
IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS. If you think your statement or receipt is wrong or if you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals, point-of-sale transactions) on the statement or receipt, telephone or write us at the address or number listed on the front of this statement as soon you can. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared.
*   Tell us your name and account number
 
*   Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information
 
*   Tell us the dollar amount of the suspected error.
For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation.
For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.
DIRECT DEPOSITS.
If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you may call us at the telephone number listed on the front of this statement to find out if the deposit was made as scheduled.
REPORTING OTHER PROBLEMS.
You must examine your statement carefully and promptly. You are in the best position to discover errors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or unauthorized transactions within the time periods specified in the deposit agreement (which periods are no more than 60 days after we make the statement available to you and in some cases are 30 days or less), we are not liable to you for, and you agree not to make a claim against us for the problems or unauthorized transactions.

 

 


 

Glencrest Investment Advisors, Inc.
Transaction Detail by Account
October 2011
                                                                 
    Date     Type   Num     Name     Memo/Description     Split     Amount     Balance  
B of A Checking
                                                               
 
    10/03/2011     Journal Entry     283                     -SPLIT-     -96.72       -96.72  
 
    10/14/2011     Journal Entry     284                     -SPLIT-     -325.00       -421.72  
 
    10/17/2011     Journal Entry     285                     -SPLIT-     580.22       158.50  
 
    10/21/2011     Journal Entry     286                     -SPLIT-     -550.00       -391.50  
 
                                                             
Total for B of A Checking
                                                    -391.50          
CA Financial Ptnr Income
                                                               
 
    10/17/2011     Journal Entry     285                     -SPLIT-     580.22       580.22  
 
                                                             
Total for CA Financial Ptnr Income
                                                    580.22          
Bank Charges
                                                               
 
    10/03/2011     Journal Entry     283                     -SPLIT-     96.72       96.72  
 
                                                             
Total for Bank Charges
                                                    96.72          
Reliable Self Storage
                                                               
 
    10/21/2011     Journal Entry     286                     -SPLIT-     550.00       550.00  
 
                                                             
Total for Reliable Self Storage
                                                    550.00          
US Trustee
                                                               
 
    10/14/2011     Journal Entry     284                     -SPLIT-     325.00       325.00  
 
                                                             
Total for US Trustee
                                                    325.00          

 

 


 

Journal Entry   Adjusting Journal Entry: Recent
Date: 10/03/2011
                 
Account   Debit     Credit  
 
               
Bank Charges
  $ 96.72          
B of A Checking
          $ 96.72  
 
               
 
               
Totals
  $ 96.72     $ 96.72  
Memo: B of A — Sept

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
Date: 10/14/2011
                 
Account   Debit     Credit  
 
               
US Trustee
  $ 325.00          
B of A Checking
          $ 325.00  
 
               
Totals
  $ 325.00     $ 325.00  
Memo: Q3 ‘11

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
Date: 10/17/2011
                 
Account   Debit     Credit  
 
               
B of A Checking
  $ 580.22          
CA Financial Ptnr Income
          $ 580.22  
 
               
Totals
  $ 580.22     $ 580.22  
Memo: Sept ‘11 (31 of 48)

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
Date: 010/21/2011
                 
Account   Debit     Credit  
 
               
Reliable Self Storage
  $ 550.00          
B of A Checking
          $ 550.00  
 
               
Totals
  $ 550.00     $ 550.00  
Memo: 11/1 — 11/30/11

 

 


 

Glencrest Investment Advisors, Inc.
Profit & Loss
October 2011
         
    Total  
Income
       
CA Financial Ptnr Income
    580.22  
 
     
Total Income
  $ 580.22  
Expenses
       
Bank Charges
    96.72  
Reliable Self Storage
    550.00  
US Trustee
    325.00  
Total Expenses
  $ 971.72  
 
     
Net Operating Income
  $ -391.50  
 
     
Net Income
  $ -391.50  
 
     

 

 


 

Glencrest Investment Advisors, Inc.
Profit & Loss
December 8, 2008 — October 31, 2011
         
    Total  
Income
       
Ameritrade Close Out
    22,111.54  
CA Financial Ptnr Income
    16,495.38  
Fees Billed
    3,723.54  
Misc Asset Sales — Claremont
    30,277.00  
Rental Income Palm Desert
    27,573.93  
Sublease — PFF
    6,279.10  
Trailer Income
    3,263.56  
 
     
 
       
Total Income
  $ 109,724.05  
Expenses
       
Bank Charges
    617.92  
Computek I.T.
    1,275.00  
I 365 Data Storage
    20,751.64  
Janitorial — Claremont
    1,720.00  
Janitorial — Palm Desert
    560.00  
Legal & Professional Fees
    -7097.45  
Office Expenses
    3,959.35  
Other General and Admin Expenses
    4,141.78  
Payroll Expenses
    27,603.90  
Reliable Self Storage
    15,937.74  
Rent — Claremont
    93,547.58  
Rent — Palm Desert
    32,194.67  
Supplies
    -233.34  
Taxes & Licenses
    2,480.41  
US Trustee
    5,525.00  
Utilities
    2,500.98  
Utilities — Gas Co
    939.56  
Utilities — Phone and Data
    13,180.03  
Utilities — SCE
    7,260.65  
Utilities — Siemens
    848.52  
Utilities — Water
    15.14  
 
     
 
       
Total Expenses
  $ 227,729.08  
 
     
 
       
Net Operating Income
  $ -118,005.03  
Other Income
       
Other Income
    12,419.88  
 
     
Total Other Income
  $ 12,419.88  
Other Expenses
       
Miscellaneous
    54.11  
 
     
Total Other Expenses
  $ 54.11  
 
     
Net Other Income
  $ 12,365.77  
 
     
 
       
Net Income
  $ -105,639.26  
 
     

 

 


 

Glencrest Investment Advisors, Inc.
Balance Sheet
As of October 31, 2011
         
    Total  
ASSETS
       
Current Assets
       
Bank Accounts
       
B of A Checking
    93,727.04  
PFF Checking
    0.00  
Prepaid Rent — Claremont
    0.00  
 
     
Total Bank Accounts
  $ 93,727.04  
 
     
Total Current Assets
  $ 93,727.04  
Other Assets
       
Advances to Trust
    80,000.00  
Lease Deposit
    0.00  
Net Income/Loss GIS
    58,822.00  
Prepaid — Other
    17,680.08  
Prepaid A/P
    23,437.00  
Prepaid Rent & CAM — Claremont
    0.00  
Prepaid Rent — Palm Desert
    0.00  
Prin Rec FHLMC SEC Fixed
    2,916.92  
Property & Equipment
    492,486.00  
Utility Deposit
    0.00  
Valuation Allowance
    -43,570.00  
 
     
 
       
Total Other Assets
  $ 631,772.00  
 
     
 
       
TOTAL ASSETS
  $ 725,499.04  
 
     
LIABILITIES AND EQUITY
       
Liabilities
       
Long Term Liabilities
       
125 Deductions
    5,150.00  
401K
    469.00  
Accrued Payroll
    8,000.00  
Accrued Vacation
    34,313.00  
Deferred Federal Inc Tax
    93,597.00  
Deferred State Franchise Tax
    -137,167.00  
Employer FICA Tax Payable
    27.00  
Fed Inc Tax W/H
    178.00  
Federal Employee FICA
    27.00  
Intercompany Payable
    14,433.00  
MISC Unapplied Funds
    -224.00  
Other Accrued Liability
    40,000.00  
State Tax W/H
    34.00  
Sublease Deposit
    1.00  
 
     
Total Long Term Liabilities
  $ 58,838.00  
 
     
Total Liabilities
  $ 58,838.00  

 

 


 

         
    Total  
Equity
       
APIC
    6,870,597.00  
APIC — Retained Earnings
    -6,206,986.00  
Common Stock
    3.00  
Opening Balance Equity
    -1.00  
Retained Earnings
    4,255.98  
Net Income
    -1207.94  
 
     
 
       
Total Equity
  $ 666,661.04  
 
     
 
       
TOTAL LIABILITIES AND EQUITY
  $ 725,499.04  
 
     

 

 


 

     
In re Glencrest Investment Advisors, Inc.
  Case No. 08-13128
 
  Reporting Period: 10/1/11 — 10/31/11
STATUS OF POSTPETITION TAXES
The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period.
                                                 
            Amount                             Ending  
    Beginning     Withheld or     Amount             Check No.     Tax  
Federal   Tax Liability     Accrued     Paid     Date Paid     _____T     Liability  
Withholding
  NONE                                   NONE
FICA-Employee
  NONE                                   NONE
FICA-Employer
  NONE                                   NONE
Unemployment
  NONE                                   NONE
Income
  NONE                                   NONE
Other:
  NONE                                   NONE
Total Federal Taxes
  NONE                                   NONE
State and Local
                                               
Withholding
  NONE                                   NONE
Sales
  NONE                                   NONE
Excise
  NONE                                   NONE
Unemployment
  NONE                                   NONE
Real Property
  NONE                                   NONE
Personal Property
  NONE                                   NONE
Other:
  NONE                                   NONE
Total State and Local
  NONE                                   NONE
Total Taxes
  NONE                                   NONE
SUMMARY OF UNPAID POSTPETITION DEBTS
Attach aged listing of accounts payable.
Number of Days Past Due
                                                 
    Current     0-30     31-60     61-90     Over 90     Total  
Accounts Payable
                                          NONE
Wages Payable
                                          NONE
Taxes Payable
                                          NONE
Rent/Leases-Building
                                          NONE
Rent/Leases-Equipment
                                          NONE
Secured Debt/Adequate Protection Payments
                                          NONE
Professional Fees
                                          NONE
Amounts Due to Insiders*
                                          NONE
Other: _____________
                                          NONE
Other: _____________
                                          NONE
Total Postpetition Debts
                                          NONE
Explain how and when the Debtor intends to pay any past-due postpetition debts.
 
     
*   “Insider” is defined in 11 U.S.C. Section 101(31).

 

 


 

         
In re
  Glencrest Investment Advisors, Inc.   08-13128
 
  Debtor   10/1/11 — 10/31/11
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
         
Accounts Receivable Reconciliation
       
Total Accounts Receivable at the beginning of the reporting period
  NONE
+ Amounts billed during the period
  NONE
- Amounts collected during the period
  NONE
Total Accounts Receivable at the end of the reporting period
  NONE
Accounts Receivable Aging
       
0 - 30 days old
  NONE
31 -60 days old
  NONE
61 - 90 days old
  NONE
91+ days old
  NONE
Total Accounts Receivable
  NONE
Amount considered uncollectible (Bad Debt)
  NONE
Accounts Receivable (Net)
  NONE
DEBTOR QUESTIONNAIRE
                 
Must be completed each month   Yes     No  
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.
            X  
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.
            X  
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.
    X          
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.
    X          
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.
            X  

 

 


 

UNITED STATES BANKRUPTCY COURT
IN THE DISTRICT OF DELAWARE
     
In re Glencrest Insurance Services, Inc.
  Case No. 08-13131
 
  Reporting Period: 10/1/11 — 10/31/11
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month
Submit copy of report to any official committee appointed in the case.
                                 
                            Affidavit /  
            Document     Explanation     Supplement  
REQUIRED DOCUMENTS   Form No.     Attached     Attached     Attached  
Schedule of Cash Receipts and Disbursements
  MOR-1   YES                
Bank Reconciliation (or copies of debtor’s bank reconciliations)
  MOR-1a   YES                
Schedule of Professional Fees Paid
  MOR-1b   YES                
Copies of bank statements
          YES                
Cash disbursements journals
          YES                
Statement of Operations
  MOR-2   YES                
Balance Sheet
  MOR-3   YES                
Status of Post-petition Taxes
  MOR-4   YES                
Copies of IRS Form 6123 or payment receipt
            N/A                  
Copies of tax returns filed during reporting period
            N/A                  
Summary of Unpaid Post-petition Debts
  MOR-4   YES                
Listing of aged accounts payable
  MOR-4   YES                
Accounts Receivable Reconciliation and Aging
  MOR-5   YES                
Debtor Questionnaire
  MOR-5   YES                
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.
         
 
     
Signature of Debtor
      Date
 
       
 
       
Signature of Joint Debtor
      Date
 
       
/s/ Kevin McCarthy
      November 20, 2011
 
       
Signature of Authorized Individual*
      Date
 
       
Kevin McCarthy
      CEO
 
       
Printed Name of Authorized Individual
      Title of Authorized Individual
     
*   Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

 

 


 

     
In re Glencrest Insurance Services, Inc.
  Case No. 08-13131
 
  Reporting Period: 10/1/11 — 10/31/11
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]
                                                                 
                                                    CUMULATIVE FILING TO  
    BANK ACCOUNTS     CURRENT MONTH     DATE  
    OPER.     PAYROLL     TAX     OTHER     ACTUAL     PROJECTED     ACTUAL     PROJECTED  
CASH BEGINNING OF MONTH
  $ 91,263.01                             $ 91,263.01             $ 44,046.24          
 
                                                               
RECEIPTS
                                                               
CASH SALES
  $ 101.21                             $ 101.21             $ 50,877.01          
ACCOUNTS RECEIVABLE
                                                               
LOANS AND ADVANCES
                                                               
SALE OF ASSETS
                                                  $ 307.22          
OTHER (ATTACH LIST)
                                                               
TRANSFERS (FROM DIP ACCTS)
                                                               
 
                                                               
TOTAL RECEIPTS
  $ 101.21                             $ 101.21             $ 51,184.23          
 
                                                               
DISBURSEMENTS
                                                               
NET PAYROLL
                                                               
PAYROLL TAXES
                                                               
SALES, USE & OTHER TAXES
                                                               
INVENTORY PURCHASES
                                                               
SECURED RENTAL/LEASES
                                                               
INSURANCE
                                                               
ADMINISTRATIVE
  $ 96.70                             $ 96.70             $ 387.95          
SELLING
                                                               
OTHER (ATTACH LIST)
                                                               
 
                                                               
OWNER DRAW*
                                                               
TRANSFERS (TO DIP ACCTS)
                                                               
 
                                                               
PROFESSIONAL FEES
                                                               
U.S. TRUSTEE QUARTERLY FEES
  $ 325.00                             $ 325.00             $ 3,900.00          
COURT COSTS
                                                               
TOTAL DISBURSEMENTS
  $ 421.70                             $ 421.70             $ 4,287.955          
 
                                                               
NET CASH FLOW
                                                               
(RECEIPTS LESS DISBURSEMENTS)
  $ (320.49 )                           $ (320.49 )           $ 46,896.28          
 
                                                               
CASH — END OF MONTH
  $ 90,942.52                             $ 90,942.52             $ 90,942.52          
     
*   COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE
THE FOLLOWING SECTION MUST BE COMPLETED
         
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)        
TOTAL DISBURSEMENTS
  $ 421.70  
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS
  $    
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)
  $    
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES
  $ 421.70  

 

 


 

Account 8202
Account Name Glencrest Insurance Services, Inc.
Reconciliation As of Date 10/31/11
                 
Balance per Bank
          $ 90,941.82  
 
               
Deposits in Transit
           
Date
  Amount        
 
               
Total
               
 
               
Outstanding Checks
               
Check #
  Amount        
 
               
Total
               
 
               
Other (List)
               
Bank charges on bank not on books
          $ 0.70  
 
               
Balance per Books
          $ 90,942.52  

 

 


 

     
In re Glencrest Insurance Services, Inc.
  Case No. 08-13131
 
  Reporting Period: 10/1/11 — 10/31/11
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month.
                                                                         
    Period     Amount             Check     Amount Paid     Year-To-Date  
Payee   Covered     Covered     Payor     Number     Date     Fees     Expenses     Fees     Expenses  
 
 
                  NONE                                                

 

 


 

     
Bank of America LOGO
  Account Number 8202
 
  01 01 149 01 M0000 E# 1
CUSTOMER CONNECTION
  Last Statement: 09/30/2011
BANK OF AMERICA, N.A.
  This Statement: 10/31/2011
DALLAS, TEXAS 75283-2406
   
 
  Customer Service 1-800-342-7722
GLENCREST INSURANCE SERVICES, INC.
   
DEBTOR IN POSSESSION #08-13131
   
2058 N. MILLS AVE #139
  Page 1 of 3
CLAREMONT CA 91711
   
 
  Bankruptcy Case Number: 0813131
CUSTOMER CONNECTION ECONOMY CHECKING
Account Summary Information
                     
Statement Period
    10/01/2011 — 10/31/2011     Statement Beginning Balance   $ 91,166.31  
Number of Deposits/Credits
    1     Amount of Deposits/Credits   $ 101.21  
Number of Checks
    1     Amount of Checks   $ 325.00  
Number of Other Debits
    1     Amount of Other Debits   $ 0.70  
 
          Statement Ending Balance   $ 90.941.82  
Number of Enclosures
    1              
 
          Service Charge   $ 0.70  
Deposits and Credits
                                 
Date   Customer                    
Posted   Reference     Amount     Description     Bank Reference  
10/18
          $ 101.21     CA BANKING CENTER DEPOSIT       299705760704477  
Withdrawals and Debits
Checks
                                                         
Check           Date     Bank     Check             Date     Bank  
Number   Amount     Posted     Reference     Number     Amount     Posted     Reference  
1014
  $ 325.00       10/25       6892257205                                  
Other Debits
                                 
Date   Customer                     Bank  
Posted   Reference     Amount     Description     Reference  
10/31
          $ 0.70     FDIC ASSESSMENT          
Daily Balances
                                         
Date   Ledger Balance     Collected Balance     Date     Ledger Balance     Collected Balance  
09/30
  $ 91,166.31     $ 91,166.31       10/24     $ 91,267.52     $ 91,267.52  
10/18
  $ 91,267.52     $ 91,166.31       10/25     $ 90,942.52     $ 90,942.52  
10/21
  $ 91,267.52     $ 91,261.45       10/31     $ 90,941.82     $ 90,941.82  

 

 


 

     
 
  Account Number 8202
CUSTOMER CONNECTION
  01 01 149 01 M0000 E# 1
BANK OF AMERICA, N.A.
  Last Statement: 09/30/2011
DALLAS, TEXAS 75283-2406
  This Statement: 10/31/2011
 
 
  Customer Service 1-800-342-7722
GLENCREST INSURANCE SERVICES, INC.
   
 
  Page 2 of 2
 
 
  Bankruptcy Case Number: 0813131
IMPORTANT INFORMATION
CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.
TERMS AND CONDITIONS. All deposits to, withdrawals from, or other transactions pertaining to your account(s) are subject to the terms and conditions of the agreement you received when you opened your account and any amendments thereto. Amendments to the agreement may be made from time to time in the manner stated therein.
IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS. If you think your statement or receipt is wrong or if you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals, point-of-sale transactions) on the statement or receipt, telephone or write us at the address or number listed on the front of this statement as soon you can. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared.
*   Tell us your name and account number
 
*   Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information
 
*   Tell us the dollar amount of the suspected error.
For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation.
For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.
DIRECT DEPOSITS.
If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you may call us at the telephone number listed on the front of this statement to find out if the deposit was made as scheduled.
REPORTING OTHER PROBLEMS.
You must examine your statement carefully and promptly. You are in the best position to discover errors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or unauthorized transactions within the time periods specified in the deposit agreement (which periods are no more than 60 days after we make the statement available to you and in some cases are 30 days or less), we are not liable to you for, and you agree not to make a claim against us for the problems or unauthorized transactions.

 

 


 

Glencrest Insurance Services, Inc.
Transaction Detail by Account
October 2011
                                                                 
    Date     Type   Num     Name     Memo/Description     Split     Amount     Balance  
B of A Checking
                                                               
 
    10/03/2011     Journal Entry     118                     -SPLIT-     -96.70       -96.70  
 
    10/14/2011     Journal Entry     119                     -SPLIT-     -325.00       -421.70  
 
    10/17/2011     Journal Entry     120                     -SPLIT-     101.21       -320.49  
 
                                                             
Total for B of A Checking
                                                    -320.49          
Fees Billed
                                                               
 
    10/17/2011     Journal Entry     120                     -SPLIT-     101.21       101.21  
 
                                                             
Total for Fees Billed
                                                    101.21          
Bank Charges
                                                               
 
    10/03/2011     Journal Entry     118                     -SPLIT-     96.70       96.70  
 
                                                             
Total for Bank Charges
                                                    96.70          
US Trustee
                                                               
 
    10/14/2011     Journal Entry     119                     -SPLIT-     325.00       325.00  
 
                                                             
Total for US Trustee
                                                    325.00          

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
Date: 10/03/2011
                 
Account   Debit     Credit  
 
               
Bank Charges
  $ 96.70          
B of A Checking
          $ 96.70  
 
               
Totals
  $ 96.70     $ 96.70  
Memo: B of A — Sept

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
Date: 10/14/2011
                 
Account   Debit     Credit  
 
               
US Trustee
  $ 325.00          
B of A Checking
          $ 325.00  
 
               
Totals
  $ 325.00     $ 325.00  
Memo: Q3 ‘11

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
Date: 10/17/2011
                 
Account   Debit     Credit  
 
               
B of A Checking
  $ 101.21          
Fees Billed
          $ 101.21  
 
               
Totals
  $ 101.21     $ 101.21  
Memo: Transamerica

 

 


 

Glencrest Insurance Services, Inc.
Profit & Loss
October 2011
         
    Total  
Income
       
Fees Billed
    101.21  
 
     
Total Income
  $ 101.21  
Expenses
       
Bank Charges
    96.70  
US Trustee
    325.00  
 
     
Total Expenses
  $ 421.70  
 
     
Net Operating Income
  $ -320.49  
 
     
Net Income
  $ -320.49  
 
     

 

 


 

Glencrest Insurance Services, Inc.
Profit & Loss
December 5, 2008 — October 31, 2011
         
    Total  
Income
       
Fees Billed
    50,877.01  
 
     
Total Income
  $ 50,877.01  
Expenses
       
Bank Charges
    387.95  
Taxes & Licenses
    0.00  
US Trustee
    3,900.00  
 
     
Total Expenses
  $ 4,287.95  
 
     
Net Operating Income
  $ 46,589.06  
Other Income
       
Other Income
    307.22  
 
     
Total Other Income
  $ 307.22  
 
     
Net Other Income
  $ 307.22  
 
     
Net Income
  $ 46,896.28  
 
     

 

 


 

Glencrest Insurance Services, Inc.
Balance Sheet
As of October 31, 2011
         
    Total  
ASSETS
       
Current Assets
       
Bank Accounts
       
B of A Checking
    90,942.52  
Operating Acct
    0.00  
PFF Checking
    0.00  
 
     
Total Bank Accounts
  $ 90,942.52  
 
     
Total Current Assets
  $ 90,942.52  
Other Assets
       
Prepaid Expenses and Other Assets
    36,194.00  
Property & Equipment
    16,201.00  
 
     
Total Other Assets
  $ 52,395.00  
 
     
 
TOTAL ASSETS
  $ 143,337.52  
 
     
LIABILITIES AND EQUITY
       
Liabilities
       
Long Term Liabilities
       
Deferred Tax
    36,194.00  
Fees Payable
    -322.00  
 
     
Total Long Term Liabilities
  $ 35,872.00  
 
     
Total Liabilities
  $ 35,872.00  
Equity
       
APIC — R/E Dividends Paid
    -5,440,000.00  
APIC — Retained Earnings
    5,480,569.00  
Common Stock
    20,000.00  
Opening Balance Equity
    0.24  
Retained Earnings
    46,960.14  
Net Income
    -63.86  
 
     
 
       
Total Equity
  $ 107,465.52  
 
     
 
       
TOTAL LIABILITIES AND EQUITY
  $ 143,337.52  
 
     

 

 


 

In re Glencrest Insurance Services, Inc.   Case No. 08-13131
    Reporting Period: 10/1/11 — 10/31/11
STATUS OF POSTPETITION TAXES
The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period.
                                                 
            Amount                             Ending  
    Beginning     Withheld or     Amount             Check No.     Tax  
Federal   Tax Liability     Accrued     Paid     Date Paid     _____T     Liability  
Withholding
  NONE                                   NONE
FICA-Employee
  NONE                                   NONE
FICA-Employer
  NONE                                   NONE
Unemployment
  NONE                                   NONE
Income
  NONE                                   NONE
Other:
  NONE                                   NONE
Total Federal Taxes
  NONE                                   NONE
State and Local
                                               
Withholding
  NONE                                   NONE
Sales
  NONE                                   NONE
Excise
  NONE                                   NONE
Unemployment
  NONE                                   NONE
Real Property
  NONE                                   NONE
Personal Property
  NONE                                   NONE
Other:
  NONE                                   NONE
Total State and Local
  NONE                                   NONE
Total Taxes
  NONE                                   NONE
SUMMARY OF UNPAID POSTPETITION DEBTS
Attach aged listing of accounts payable.
Number of Days Past Due
                                                 
    Current     0-30     31-60     61-90     Over 90     Total  
Accounts Payable
                                          NONE
Wages Payable
                                          NONE
Taxes Payable
                                          NONE
Rent/Leases-Building
                                          NONE
Rent/Leases-Equipment
                                          NONE
Secured Debt/Adequate Protection Payments
                                          NONE
Professional Fees
                                          NONE
Amounts Due to Insiders*
                                          NONE
Other: _____________
                                          NONE
Other: _____________
                                          NONE
Total Postpetition Debts
                                          NONE
Explain how and when the Debtor intends to pay any past-due postpetition debts.
 
     
*   “Insider” is defined in 11 U.S.C. Section 101(31).

 

 


 

         
In re
  Glencrest Insurance Services, Inc.
Debtor
  08-13131
7/1-10/31/11
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
         
Accounts Receivable Reconciliation
       
Total Accounts Receivable at the beginning of the reporting period
  NONE
+ Amounts billed during the period
  NONE
- Amounts collected during the period
  NONE
Total Accounts Receivable at the end of the reporting period
  NONE
Accounts Receivable Aging
       
0 - 30 days old
  NONE
31 -60 days old
  NONE
61 - 90 days old
  NONE
91+ days old
  NONE
Total Accounts Receivable
  NONE
Amount considered uncollectible (Bad Debt)
  NONE
Accounts Receivable (Net)
  NONE
DEBTOR QUESTIONNAIRE
             
Must be completed each month   Yes   No  
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.
        X  
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.
        X  
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.
  X        
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.
  X        
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.
        X  

 

 


 

UNITED STATES BANKRUPTCY COURT
IN THE DISTRICT OF DELAWARE
     
In re Diversified Builder Services, Inc.
  Case No. 08-13129
 
  Reporting Period: 10/1/11 — 10/31/11
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month
Submit copy of report to any official committee appointed in the case.
                                 
                            Affidavit /  
            Document     Explanation     Supplement  
REQUIRED DOCUMENTS   Form No.     Attached     Attached     Attached  
Schedule of Cash Receipts and Disbursements
  MOR-1   YES                
Bank Reconciliation (or copies of debtor’s bank reconciliations)
  MOR-1a   YES                
Schedule of Professional Fees Paid
  MOR-1b   YES                
Copies of bank statements
          YES                
Cash disbursements journals
          YES                
Statement of Operations
  MOR-2   YES                
Balance Sheet
  MOR-3   YES                
Status of Post-petition Taxes
  MOR-4   YES                
Copies of IRS Form 6123 or payment receipt
            N/A                  
Copies of tax returns filed during reporting period
            N/A                  
Summary of Unpaid Post-petition Debts
  MOR-4   YES                
Listing of aged accounts payable
  MOR-4   YES                
Accounts Receivable Reconciliation and Aging
  MOR-5   YES                
Debtor Questionnaire
  MOR-5   YES                
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.
             
 
Signature of Debtor
     
 
Date
   
 
           
 
Signature of Joint Debtor
     
 
Date
   
 
           
/s/ Kevin McCarthy
 
Signature of Authorized Individual*
      November 20, 2011
 
Date
   
 
           
Kevin McCarthy
 
Printed Name of Authorized Individual
      CEO
 
Title of Authorized Individual
   
*  
Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

 

 


 

     
In re Diversified Builder Services, Inc.
  Case No. 08-13129
 
  Reporting Period: 10/1/11 — 10/31/11
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]
                                                                 
                                                    CUMULATIVE  
    BANK ACCOUNTS     CURRENT MONTH     FILING TO DATE  
    OPER.     PAYROLL     TAX     OTHER     ACTUAL     PROJECTED     ACTUAL     PROJECTED  
CASH BEGINNING OF MONTH
  $ 1,757,906.82                             $ 1,757,906.82             $ 1,186,035.00          
 
                                                               
RECEIPTS
                                                               
CASH SALES
                                                               
ACCOUNTS RECEIVABLE
                                                               
LOANS AND ADVANCES
                                                               
SALE OF ASSETS
                                                               
OTHER (ATTACH LIST)
                                                  $ 350,000.00          
TRANSFERS (FROM DIP ACCTS)
                                                  $ 227,179.23          
 
                                                               
TOTAL RECEIPTS
                                                  $ 577,179.23          
 
                                                               
DISBURSEMENTS
                                                               
NET PAYROLL
                                                               
PAYROLL TAXES
                                                               
SALES, USE & OTHER TAXES
                                                               
INVENTORY PURCHASES
                                                               
SECURED RENTAL/LEASES
                                                               
INSURANCE
                                                               
ADMINISTRATIVE
  $ 109.54                             $ 109.54             $ 1,742.61          
SELLING
                                                               
OTHER (ATTACH LIST)
                                                  $ 99.34          
 
                                                               
OWNER DRAW*
                                                               
TRANSFERS (TO DIP ACCTS)
                                                               
 
                                                               
PROFESSIONAL FEES
                                                               
U.S. TRUSTEE QUARTERLY FEES
  $ 325.00                             $ 325.00             $ 3,900.00          
COURT COSTS
                                                               
TOTAL DISBURSEMENTS
  $ 434.54                             $ 434.54             $ 5,741.95          
 
                                                               
NET CASH FLOW
                                                               
(RECEIPTS LESS DISBURSEMENTS)
  $ (434.54 )                           $ (434.54 )           $ 571,437.28          
 
                                                               
CASH — END OF MONTH
  $ 1,757,472.28                             $ 1,757,472.28             $ 1,757,472.28          
*  
COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE
THE FOLLOWING SECTION MUST BE COMPLETED
         
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)        
TOTAL DISBURSEMENTS
  $ 434.54  
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS
  $    
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)
  $    
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES
  $ 434.54  

 

 


 

Account 9188

Account Name Diversified Builder Services, Inc.
Reconciliation As of Date 10/31/11
                 
Balance per Bank
          $ 1,757,458.75  
 
               
Deposits in Transit
               
Date
  Amount        
 
               
Total
               
 
               
Outstanding Checks
               
Check #
  Amount        
 
               
Total
               
Other (List)
               
Bank charges on bank not on books
          $ 13.53  
 
               
Balance per Books
          $ 1,757,472.28  

 

 


 

     
In re Diversified Builder Services, Inc.
  Case No. 08-13129
 
  Reporting Period: 10/1/11 — 10/31/11
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month.
                                                                         
    Period     Amount             Check     Amount Paid     Year-To-Date  
Payee   Covered     Covered     Payor     Number     Date     Fees     Expenses     Fees     Expenses  
 
 
                  NONE                                                

 

 


 

     
Bank of America LOGO
  Account Number 9188
 
  01 01 149 01 M0000 E# 1
CUSTOMER CONNECTION
  Last Statement: 09/30/2011
BANK OF AMERICA, N.A.
  This Statement: 10/31/2011
DALLAS, TEXAS 75283-2406
   
 
   
 
  Customer Service 1-800-342-7722
DIVERSIFIED BUILDER SERVICES, INC.
   
DEBTOR IN POSSESSION #08-13129
   
OPERATING ACCOUNT
  Page 1 of 2
2058 N. MILLS AVE #139
   
CLAREMONT CA 91711
  Bankruptcy Case Number: 0813129
CUSTOMER CONNECTION ECONOMY CHECKING
Account Summary Information
                     
Statement Period
    10/01/2011 — 10/31/2011     Statement Beginning Balance   $ 1,757,797.28  
Number of Deposits/Credits
    0     Amount of Deposits/Credits   $ 0.00  
Number of Checks
    1     Amount of Checks   $ 325.00  
Number of Other Debits
    1     Amount of Other Debits   $ 13.53  
 
          Statement Ending Balance   $ 1,757,458.75  
Number of Enclosures
    1              
 
          Service Charge   $ 13.53  
Withdrawals and Debits
Checks
                                                         
Check           Date     Bank     Check             Date     Bank  
Number   Amount     Posted     Reference     Number     Amount     Posted     Reference  
1015
  $ 325.00       10/25       6892257203                                  
Other Debits
                                 
Date                        
Posted     Customer Reference     Amount     Description   Bank Reference  
  1031             $ 13.53    
FDIC ASSESSMENT
       
Daily Balances
                                         
Date   Ledger Balance     Collected Balance     Date     Ledger Balance     Collected Balance  
09/30
  $ 1,757,797.28     $ 1,757,797.28       10/31     $ 1,757,458.75     $ 1,757,458.75  
10/25
  $ 1,757,472.28     $ 1,757,472.28                          

 

 


 

     
 
  Account Number 9188
CUSTOMER CONNECTION
  01 01 149 01 M0000 E# 1
BANK OF AMERICA, N.A.
  Last Statement: 09/30/2011
DALLAS, TEXAS 75283-2406
  This Statement: 10/31/2011
 
   
 
  Customer Service 1-800-342-7722
DIVERSIFIED BUILDER SERVICES, INC.
   
 
   
 
  Page 2 of 2
 
   
 
  Bankruptcy Case Number: 0813129
IMPORTANT INFORMATION
CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.
TERMS AND CONDITIONS. All deposits to, withdrawals from, or other transactions pertaining to your account(s) are subject to the terms and conditions of the agreement you received when you opened your account and any amendments thereto. Amendments to the agreement may be made from time to time in the manner stated therein.
IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS. If you think your statement or receipt is wrong or if you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals, point-of-sale transactions) on the statement or receipt, telephone or write us at the address or number listed on the front of this statement as soon you can. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared.
*  
Tell us your name and account number
 
*  
Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information
 
*  
Tell us the dollar amount of the suspected error. For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation.
For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.
DIRECT DEPOSITS.
If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you may call us at the telephone number listed on the front of this statement to find out if the deposit was made as scheduled.
REPORTING OTHER PROBLEMS.
You must examine your statement carefully and promptly. You are in the best position to discover errors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or unauthorized transactions within the time periods specified in the deposit agreement (which periods are no more than 60 days after we make the statement available to you and in some cases are 30 days or less), we are not liable to you for, and you agree not to make a claim against us for the problems or unauthorized transactions.

 

 


 

Diversified Builder Services, Inc.
Transaction Detail by Account
October 2011
                                                         
    Date     Type   Num     Name     Memo/Description     Split   Amount     Balance  
B of A Checking
                                                       
 
    10/03/2011     Journal Entry     56                     -SPLIT-     -109.54       -109.54  
 
    10/14/2011     Journal Entry     57                     -SPLIT-     -325.00       -434.54  
                                             
Total for B of A Checking
                                            -434.54          
Bank Charges
                                                       
 
    10/03/2011     Journal Entry     56                     -SPLIT-     109.54       109.54  
                                             
Total for Bank Charges
                                            109.54          
U S Trustee
                                                       
 
    10/14/2011     Journal Entry     57                     -SPLIT-     325.00       325.00  
                                             
Total for U S Trustee
                                            325.00          

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
     
Date: 10/03/2011    
                 
Account   Debit     Credit  
 
               
Bank Charges
  $ 109.54          
B of A Checking
          $ 109.54  
 
               
Totals
  $ 109.54     $ 109.54  
Memo: B of A — Sept

 

 


 

     
Journal Entry   Adjusting Journal Entry: Recent
     
Date: 10/14/2011    
                 
Account   Debit     Credit  
 
               
US Trustee
  $ 325.00          
B of A Checking
          $ 325.00  
 
               
Totals
  $ 325.00     $ 325.00  
Memo: Q3 ‘11

 

 


 

Diversified Builder Services, Inc.
Profit & Loss
October 2011
         
    Total  
Income
       
Total Income
       
Expenses
       
Bank Charges
    109.54  
U S Trustee
    325.00  
 
     
Total Expenses
  $ 434.54  
 
     
Net Operating Income
  $ -434.54  
 
     
Net Income
  $ -434.54  
 
     

 

 


 

Diversified Builder Services, Inc.
Profit & Loss
December 5, 2008 — October 31, 2011
         
    Total  
Income
       
Lafferty Tax Refunds
    227,179.23  
 
     
 
       
Total Income
  $ 227,179.23  
Expenses
       
Appraisal Services
    1,000.00  
Bank Charges
    742.61  
Taxes & Licenses
    0.00  
U S Trustee
    3,900.00  
 
     
Total Expenses
  $ 5,642.61  
 
     
 
       
Net Operating Income
  $ 221,536.62  
Other Income
       
Other Income
    -99.34  
 
     
Total Other Income
    -99.34  
 
     
Net Other Income
  $ -99.34  
 
     
 
       
Net Income
  $ 221,437.28  
 
     

 

 


 

Diversified Builder Services, Inc.
Balance Sheet
As of October 31, 2011
         
    Total  
ASSETS
       
Current Assets
       
Bank Accounts
       
B of A Checking
    1,757,472.28  
PFF Checking
    0.00  
PFF Checking — 10102
    0.00  
 
     
 
       
Total Bank Accounts
  $ 1,757,472.28  
 
     
 
       
Total Current Assets
  $ 1,757,472.28  
Other Assets
       
100% Loan Loss — Comm Loans — MI
    -300,000.00  
Accounts Receivable
    288,500.00  
Commercial LOC — MI
    4,300,000.00  
Commercial LOC Contra Asset — CLS
    -1,050.00  
Def Income — Comm Non Accr
    -217,552.00  
Partial Charge-Offs Comm. Unsecured
    -2,579,081.00  
Property & Equipment
    7,489.00  
Val Allow — FIT Deferred Taxes
    1,951,021.00  
Val Allow — SIT Deferred Taxes
    -6,886,601.00  
 
     
 
       
Total Other Assets
  $ -3,437,274.00  
 
     
 
       
TOTAL ASSETS
  $ -1,679,801.72  
 
     
LIABILITIES AND EQUITY
       
Liabilities
       
Long Term Liabilities
       
Accrued Interest — Notes Payable
    304,034.00  
DBS Insurance Payable
    160.00  
Deferred Fed Income Taxes
    1,951,021.00  
Deferred Income
    288,500.00  
Deferred State Inc Taxes
    -6,886,601.00  
Intercompany Payable
    6.00  
Notes Payable
    19,280,093.00  
 
     
 
       
Total Long Term Liabilities
  $ 14,937,213.00  
 
     
 
       
Total Liabilities
  $ 14,937,213.00  

 

 


 

         
    Total  
Equity
       
APIC
    28,000,000.00  
APIC — Retained Earnings
    -44,838,453.00  
Opening Balance Equity
    1.00  
Retained Earnings
    223,036.84  
Net Income
    -1,599.56  
Total Equity
  $ -16,617,014.72  
 
     
 
       
TOTAL LIABILITIES AND EQUITY
  $ -1,679,801.72  
 
     

 

 


 

     
In re Diversified Builder Services, Inc.
  Case No. 08-13129
 
  Reporting Period: 10/1/11 — 10/31/11
STATUS OF POSTPETITION TAXES
The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period.
                                         
        Amount                             Ending
    Beginning   Withheld or     Amount             Check No.     Tax
Federal   Tax Liability   Accrued     Paid     Date Paid     _____T     Liability
Withholding
  NONE                                   NONE
FICA-Employee
  NONE                                   NONE
FICA-Employer
  NONE                                   NONE
Unemployment
  NONE                                   NONE
Income
  NONE                                   NONE
Other:
  NONE                                   NONE
Total Federal Taxes
  NONE                                   NONE
State and Local
                                       
Withholding
  NONE                                   NONE
Sales
  NONE                                   NONE
Excise
  NONE                                   NONE
Unemployment
  NONE                                   NONE
Real Property
  NONE                                   NONE
Personal Property
  NONE                                   NONE
Other:
  NONE                                   NONE
Total State and Local
  NONE                                   NONE
Total Taxes
  NONE                                   NONE
SUMMARY OF UNPAID POSTPETITION DEBTS
Attach aged listing of accounts payable.
Number of Days Past Due
                                             
    Current     0-30     31-60     61-90     Over 90     Total
Accounts Payable
                                          NONE
Wages Payable
                                          NONE
Taxes Payable
                                          NONE
Rent/Leases-Building
                                          NONE
Rent/Leases-Equipment
                                          NONE
Secured Debt/Adequate Protection Payments
                                          NONE
Professional Fees
                                          NONE
Amounts Due to Insiders*
                                          NONE
Other:                     
                                          NONE
Other:                     
                                          NONE
Total Postpetition Debts
                                          NONE
Explain how and when the Debtor intends to pay any past-due postpetition debts.
 
*  
“Insider” is defined in 11 U.S.C. Section 101(31).

 

 


 

     
In re Diversified Builder Services, Inc.
  08-13129
Debtor
  10/1/11 — 10/31/11
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
         
Accounts Receivable Reconciliation
       
Total Accounts Receivable at the beginning of the reporting period
  $ 4,300,000.00  
- Amounts charged off during the period
       
- Amounts collected during the period
       
Total Accounts Receivable at the end of the reporting period
  $ 4,300,000.00  
Accounts Receivable Aging
       
0 - 30 days old
       
31 -60 days old
       
61 - 90 days old
       
91+ days old
  $ 4,300,000.00  
Total Accounts Receivable
  $ 4,300,000.00  
Amount considered uncollectible (Bad Debt)
  $ 2,579,081.00  
Accounts Receivable (Net)
  $ 1,720,911.00  
DEBTOR QUESTIONNAIRE
         
Must be completed each month   Yes   No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.
      X
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.
      X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.
  X    
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.
  X    
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.
      X

 

 


 

UNITED STATES BANKRUPTCY COURT
IN THE DISTRICT OF DELAWARE
     
In re PFF Real Estate Services, Inc.
  Case No. 08-13130
 
  Reporting Period: 10/1/11 — 10/31/11
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month
Submit copy of report to any official committee appointed in the case.
                         
                    Affidavit /  
        Document   Explanation     Supplement  
REQUIRED DOCUMENTS   Form No.   Attached   Attached     Attached  
Schedule of Cash Receipts and Disbursements
  MOR-1   YES                
Bank Reconciliation (or copies of debtor’s bank reconciliations)
  MOR-1a   YES                
Schedule of Professional Fees Paid
  MOR-1b   YES                
Copies of bank statements
      YES                
Cash disbursements journals
      YES                
Statement of Operations
  MOR-2   YES                
Balance Sheet
  MOR-3   YES                
Status of Post-petition Taxes
  MOR-4   YES                
Copies of IRS Form 6123 or payment receipt
      N/A                
Copies of tax returns filed during reporting period
      N/A                
Summary of Unpaid Post-petition Debts
  MOR-4   YES                
Listing of aged accounts payable
  MOR-4   YES                
Accounts Receivable Reconciliation and Aging
  MOR-5   YES                
Debtor Questionnaire
  MOR-5   YES                
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.
             
 
Signature of Debtor
     
 
Date
   
 
           
 
Signature of Joint Debtor
     
 
Date
   
 
           
/s/ Kevin McCarthy
 
Signature of Authorized Individual*
      November 20, 2011
 
Date
   
 
           
Kevin McCarthy
 
Printed Name of Authorized Individual
      CEO
 
Title of Authorized Individual
   
*   Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

 

 


 

     
In re PFF Real Estate Services, Inc.
  Case No. 08-13130
 
  Reporting Period: 10/1/11 — 10/31/11
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]
                                                                 
                                                    CUMULATIVE  
    BANK ACCOUNTS     CURRENT MONTH     FILING TO DATE  
    OPER.     PAYROLL     TAX     OTHER     ACTUAL     PROJECTED     ACTUAL     PROJECTED  
CASH BEGINNING OF MONTH
  $ 21,977.21                             $ 21,977.21             $ 25,725.04          
 
                                                               
RECEIPTS
                                                               
CASH SALES
                                                               
ACCOUNTS RECEIVABLE
                                                               
LOANS AND ADVANCES
                                                               
SALE OF ASSETS
                                                               
OTHER (ATTACH LIST)
                                                               
TRANSFERS (FROM DIP ACCTS)
                                                               
 
                                                               
TOTAL RECEIPTS
                                                               
 
                                                               
DISBURSEMENTS
                                                               
NET PAYROLL
                                                               
PAYROLL TAXES
                                                               
SALES, USE & OTHER TAXES
                                                               
INVENTORY PURCHASES
                                                               
SECURED RENTAL/LEASES
                                                               
INSURANCE
                                                               
ADMINISTRATIVE
  $ 96.17                             $ 96.17             $ 269.00          
SELLING
                                                               
OTHER (ATTACH LIST)
                                                               
 
                                                               
OWNER DRAW*
                                                               
TRANSFERS (TO DIP ACCTS)
                                                               
 
                                                               
PROFESSIONAL FEES
                                                               
U.S. TRUSTEE QUARTERLY FEES
  $ 325.00                             $ 325.00             $ 3,900.00          
COURT COSTS
                                                               
TOTAL DISBURSEMENTS
  $ 421.17                             $ 421.17             $ 4,169.00          
 
                                                               
NET CASH FLOW
                                                               
(RECEIPTS LESS DISBURSEMENTS)
  $ (421.17 )                           $ (421.17 )           $ (4,169.00 )        
 
                                                               
CASH — END OF MONTH
  $ 21,556.04                             $ 21,556.04             $ 21,556.04          
*   COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE
THE FOLLOWING SECTION MUST BE COMPLETED
         
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)        
TOTAL DIS