-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BwjZfm/wWIewVHXR6BgSGeYX/nhckOn2keZf8kel/Y6uIsn1MhX7wPE99Me0QCI7 BDK8t5uYBAjGA1gdLusqGQ== 0001015402-03-001368.txt : 20030424 0001015402-03-001368.hdr.sgml : 20030424 20030424153240 ACCESSION NUMBER: 0001015402-03-001368 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 38 CONFORMED PERIOD OF REPORT: 19990131 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PERFORMANCE ASSET MANAGEMENT FUND IV LTD CENTRAL INDEX KEY: 0001021070 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 330548134 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28710 FILM NUMBER: 03662298 BUSINESS ADDRESS: STREET 1: 4100 NEWPORT PL STREET 2: STE 400 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 9497973400 MAIL ADDRESS: STREET 1: 4100 NEWPORT PL STE 400 STREET 2: PERFORMANCE DEVELOPMENT INC CITY: NEWPORT BEACH STATE: CA ZIP: 92660 8-K 1 doc1.txt U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Act of 1934 Date of Report (Date of earliest event reported): JANUARY 31, 1999 -------------------- PERFORMANCE ASSET MANAGEMENT FUND IV, LTD., A CALIFORNIA LIMITED PARTNERSHIP - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) CALIFORNIA 0-28710 33-0548134 ----------------- ------------ ------------------- (State or other (Commission (I.R.S. Employer Jurisdiction File Number) Identification No.) of incorporation) 222 SOUTH HARBOR BLVD., SUITE 400 ANAHEIM, CALIFORNIA 92805 ---------------------------------------- ----------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (714) 502-3780 ------------------------- 4100 NEWPORT PLACE, SUITE 400, NEWPORT BEACH, CALIFORNIA 92660 ----------------------------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE As previously reported to the Commission, on December 23, 1998, Performance Asset Management Fund IV, Ltd., a California limited partnership (the "Company"), filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code (the "Code"). The filing was made in the United States Bankruptcy Court for the Central District of California (the "Court") in Case No. SA 98-27040-RA. On February 4, 2002, six entities, including the Company, emerged from their cases under Chapter 11 of the Bankruptcy Code pursuant to a plan of reorganization by transferring their assets and liabilities to one entity named Performance Capital Management, LLC ("PCM"). Pursuant to Rule 12g-3(a) under the Securities Exchange Act of 1934, as amended, PCM is the successor reporting issuer to the Company. PCM's filings with the Commission may be accessed through the Commission's web site, www.sec.gov. ----------- On December 30, 1998, the Court appointed a Trustee to administer the Company and its affairs during the bankruptcy proceeding. The Company filed monthly reports with the Court pursuant to Rule 2015 under the United States Bankruptcy Code for the months of January 1999 through January 2002 (the "Monthly Reports"). During the bankruptcy proceeding, the Trustee did not file the Monthly Reports with the Commission. PCM recently requested and received copies of the Monthly Reports from the Trustee, copies of which are attached hereto as exhibits. Copies of any bank statements originally filed with the Bankruptcy Court as part of the Monthly Reports have been omitted from Exhibits 99.1 through 99.37. As the successor reporting issuer, PCM is filing the monthly reports attached hereto as Exhibits 99.1 to 99.37 in order to fill gaps in the public disclosure records of the Company. PCM believes it has accurately retrieved true and correct copies of the Monthly Reports filed by the Trustee. PCM did not participate in the preparation of the Monthly Reports, makes no representation concerning their content or accuracy and expressly disclaims any responsibility for their content or accuracy. PCM cautions readers not to place undue reliance upon the information contained in the Monthly Reports. The Monthly Reports contain information that has not been audited or reviewed by independent accountants, is limited in scope, covers a limited time period and is in a format prescribed by the applicable bankruptcy laws. There can be no assurance that the Monthly Reports are complete. The information in the Monthly Reports is not indicative of PCM's financial condition or operating results for future periods. PCM does not undertake any obligation to update or revise the Monthly Reports. 1 ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. Exhibit Number Description ------ ----------- 99.1 Monthly Reports of Performance Asset Management Fund IV, Ltd. for January 1999 99.2 Monthly Reports of Performance Asset Management Fund IV, Ltd. for February 1999 99.3 Monthly Reports of Performance Asset Management Fund IV, Ltd. for March 1999 99.4 Monthly Reports of Performance Asset Management Fund IV, Ltd. for April 1999 99.5 Monthly Reports of Performance Asset Management Fund IV, Ltd. for May 1999 99.6 Monthly Reports of Performance Asset Management Fund IV, Ltd. for June 1999 99.7 Monthly Reports of Performance Asset Management Fund IV, Ltd. for July 1999 99.8 Monthly Report of Performance Asset Management Fund IV, Ltd. for August 1999 99.9 Monthly Reports of Performance Asset Management Fund IV, Ltd. for September 1999 99.10 Monthly Reports of Performance Asset Management Fund IV, Ltd. for October 1999 99.11 Monthly Reports of Performance Asset Management Fund IV, Ltd. for November 1999 99.12 Monthly Reports of Performance Asset Management Fund IV, Ltd. for December 1999 99.13 Monthly Reports of Performance Asset Management Fund IV, Ltd. for January 2000 99.14 Monthly Reports of Performance Asset Management Fund IV, Ltd. for February 2000 2 99.15 Monthly Reports of Performance Asset Management Fund IV, Ltd. for March 2000 99.16 Monthly Reports of Performance Asset Management Fund IV, Ltd. for April 2000 99.17 Monthly Reports of Performance Asset Management Fund IV, Ltd. for May 2000 99.18 Monthly Reports of Performance Asset Management Fund IV, Ltd. for June 2000 99.19 Monthly Reports of Performance Asset Management Fund IV, Ltd. for July 2000 99.20 Monthly Reports of Performance Asset Management Fund IV, Ltd. for August 2000 99.21 Monthly Reports of Performance Asset Management Fund IV, Ltd. for September 2000 99.22 Monthly Reports of Performance Asset Management Fund IV, Ltd. for October 2000 99.23 Monthly Reports of Performance Asset Management Fund IV, Ltd. for November 2000 99.24 Monthly Reports of Performance Asset Management Fund IV, Ltd. for December 2000 99.25 Monthly Reports of Performance Asset Management Fund IV, Ltd. for January 2001 99.26 Monthly Reports of Performance Asset Management Fund IV, Ltd. for February 2001 99.27 Monthly Reports of Performance Asset Management Fund IV, Ltd. for March 2001 99.28 Monthly Reports of Performance Asset Management Fund IV, Ltd. for April 2001 99.29 Monthly Reports of Performance Asset Management Fund IV, Ltd. for May 2001 99.30 Monthly Reports of Performance Asset Management Fund IV, Ltd. for June 2001 3 99.31 Monthly Reports of Performance Asset Management Fund IV, Ltd. for July 2001 99.32 Monthly Reports of Performance Asset Management Fund IV, Ltd. for August 2001 99.33 Monthly Reports of Performance Asset Management Fund IV, Ltd. for September 2001 99.34 Monthly Reports of Performance Asset Management Fund IV, Ltd. for October 2001 99.35 Monthly Reports of Performance Asset Management Fund IV, Ltd. for November 2001 99.36 Monthly Reports of Performance Asset Management Fund IV, Ltd. for December 2001 99.37 Monthly Reports of Performance Asset Management Fund IV, Ltd. for January 2002 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Form 8-K to be signed on its behalf by the undersigned, hereunto duly authorized. PERFORMANCE ASSET MANAGEMENT FUND IV, LTD. By PERFORMANCE CAPITAL MANAGEMENT, LLC, Its Successor Reporting Issuer April 24, 2003 By: /s/ David J. Caldwell - ---------------------- ------------------------------------- (Date) Name: David J. Caldwell ----------------------------- Its: Chief Operating Officer ----------------------------- 4 EXHIBIT INDEX Exhibit Number Description ------ ----------- 99.1 Monthly Reports of Performance Asset Management Fund IV, Ltd. for January 1999 99.2 Monthly Reports of Performance Asset Management Fund IV, Ltd. for February 1999 99.3 Monthly Reports of Performance Asset Management Fund IV, Ltd. for March 1999 99.4 Monthly Reports of Performance Asset Management Fund IV, Ltd. for April 1999 99.5 Monthly Reports of Performance Asset Management Fund IV, Ltd. for May 1999 99.6 Monthly Reports of Performance Asset Management Fund IV, Ltd. for June 1999 99.7 Monthly Reports of Performance Asset Management Fund IV, Ltd. for July 1999 99.8 Monthly Report of Performance Asset Management Fund IV, Ltd. for August 1999 99.9 Monthly Reports of Performance Asset Management Fund IV, Ltd. for September 1999 99.10 Monthly Reports of Performance Asset Management Fund IV, Ltd. for October 1999 99.11 Monthly Reports of Performance Asset Management Fund IV, Ltd. for November 1999 99.12 Monthly Reports of Performance Asset Management Fund IV, Ltd. for December 1999 99.13 Monthly Reports of Performance Asset Management Fund IV, Ltd. for January 2000 99.14 Monthly Reports of Performance Asset Management Fund IV, Ltd. for February 2000 99.15 Monthly Reports of Performance Asset Management Fund IV, Ltd. for March 2000 99.16 Monthly Reports of Performance Asset Management Fund IV, Ltd. for April 2000 99.17 Monthly Reports of Performance Asset Management Fund IV, Ltd. for May 2000 99.18 Monthly Reports of Performance Asset Management Fund IV, Ltd. for June 2000 99.19 Monthly Reports of Performance Asset Management Fund IV, Ltd. for July 2000 99.20 Monthly Reports of Performance Asset Management Fund IV, Ltd. for August 2000 99.21 Monthly Reports of Performance Asset Management Fund IV, Ltd. for September 2000 99.22 Monthly Reports of Performance Asset Management Fund IV, Ltd. for October 2000 99.23 Monthly Reports of Performance Asset Management Fund IV, Ltd. for November 2000 99.24 Monthly Reports of Performance Asset Management Fund IV, Ltd. for December 2000 99.25 Monthly Reports of Performance Asset Management Fund IV, Ltd. for January 2001 99.26 Monthly Reports of Performance Asset Management Fund IV, Ltd. for February 2001 99.27 Monthly Reports of Performance Asset Management Fund IV, Ltd. for March 2001 99.28 Monthly Reports of Performance Asset Management Fund IV, Ltd. for April 2001 99.29 Monthly Reports of Performance Asset Management Fund IV, Ltd. for May 2001 99.30 Monthly Reports of Performance Asset Management Fund IV, Ltd. for June 2001 99.31 Monthly Reports of Performance Asset Management Fund IV, Ltd. for July 2001 99.32 Monthly Reports of Performance Asset Management Fund IV, Ltd. for August 2001 99.33 Monthly Reports of Performance Asset Management Fund IV, Ltd. for September 2001 99.34 Monthly Reports of Performance Asset Management Fund IV, Ltd. for October 2001 99.35 Monthly Reports of Performance Asset Management Fund IV, Ltd. for November 2001 99.36 Monthly Reports of Performance Asset Management Fund IV, Ltd. for December 2001 99.37 Monthly Reports of Performance Asset Management Fund IV, Ltd. for January 2002 EX-99.1 3 doc2.txt
EXHIBIT 99.1 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 01 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the period From : 01/01/99 to 01/31/99 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 1,436,961.86 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 1,436,961.86 ------------ Less : Cost of Goods Sold Collection Costs 2,007.88 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 2,007.88 ------------ Gross Profit 1,434,953.98 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 8,852.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 1,233.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 0.00 ------------ Total Operating Expenses 10,085.00 ------------ Net Gain / Loss from Business Operations 1,424,868.98 ------------ B. Not Related to Business Operations Income : Interest Income 0.00 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 0.00 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 250.00 ------------ Total Non-Operating Expenses 250.00 ------------ NET INCOME / LOSS FOR PERIOD 1,424,618.98 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 01 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 12,092.88 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 12,092.88 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 01 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) To be accrued in February:
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: February 23, 1999 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 01 From : 01/01/99 To : 01/31/99 Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ---------------------------- ------------------ -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ---------------------------- ------------------ -------------- ------------- ============ TOTAL MISCELLANEOUS OPERATING EXPENSES $ 0.00 ================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 001 FUND IV, LTD FOR THE PERIOD FROM: 010199 JAMES J. JOSEPH, TO: 013199 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-557-0001 6704-559087 ---------- ------------ ------------ ------------ A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 0.00 0.00 0.00 0.00 ---------- ------------ ------------ ------------ B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 0.00 0.00 0.00 0.00 ---------- ------------ ------------ ------------ C. Beginning Balance. . . . . . . . . . . . . . . 0.00 0.00 0.00 0.00 ========== ============ ============ ============ D. Receipts During Current Period Per Attached Schedule. . . . . . . . 784,132.20 783,782.20 652,829.66 0.00 Total Receipts . . . . . . . . . . . 784,132.20 783,782.20 652,829.66 0.00 ---------- ------------ ------------ ------------ E. Balance Available. . . . . . . . . . . . . . . 784,132.20 783,782.20 652,829.66 0.00 ---------- ------------ ------------ ------------ F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 784,032.20 0.00 0.00 0.00 Total Disbursements. . . . . . . . . 784,032.20 0.00 0.00 0.00 ========== ============ ============ ============ G. Ending Balance 100.00 783,782.20 652,829.66 0.00 ========== ============ ============ ============
H. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-557-0001 (3) Money Market (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) (a) (b) BOND: $6,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 2/18/99 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================ CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 001 RECEIPTS FOR THE PERIOD FROM: 010199 TO: 013199 OPERATING ACCOUNT # 14-088-407 AMOUNT - ---------------------------------------------------------------------- 01/14 - DEPOSIT TRANSFER OF DEBTOR'S CASH 784,132.20 ------------- TOTAL 784,132.20 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 001 DISBURSEMENTS FOR THE PERIOD FROM: 010199 TO: 013199 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- 30-Day C.D. TRANSFER OF FUNDS 783,782.20 TSF 01/27/99 U.S. TRUSTEE 4TH QTR FEE 250.00 10001 01/27/99
----------- TOTAL 784,032.20 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 001 RECEIPTS FOR THE PERIOD FROM: 010199 TO: 013199 30-Day C.D. Account #426-557-0001 AMOUNT - -------------------------------------------------------------------- 01/27 - OPERATING ACCOUNT TRANSFER OF FUNDS 783,782.20
----------- TOTAL 783,782.20 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 001 DISBURSEMENTS FOR THE PERIOD FROM: 010199 TO: 013199 30-Day C.D. Account # 426-557-0001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT, FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 001 RECEIPTS FOR THE PERIOD FROM: 010199 TO: 013199 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- WELLS FARGO STATEMENT BALANCE OF FUNDS 652,829.66 ----------- TOTAL 652,829.66 =========== CASE NAME : PERFORMANCE ASSET MGMT, FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 001 DISBURSEMENTS FOR THE PERIOD FROM: 010199 TO: 013199 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------ --------- TOTAL 0.00 ========= EX-99.2 4 doc3.txt
EXHIBIT 99.2 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 02 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 02/01/99 to 02/28/99 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 8,957.42 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 8,957.42 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 8,957.42 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 8,852.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 10,961.13 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 0.00 ------------ Total Operating Expenses 19,813.13 ------------ Net Gain / Loss from Business Operations (10,855.71) ------------ B. Not Related to Business Operations Income : Interest Income 0.00 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 0.00 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD (10,855.71) ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 02 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 50,028.88 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 50,028.88 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 02 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) To be accrued in February:
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: March 17, 1999 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 02 From : 02/01/99 To : 02/28/99 Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ---------------------------- ------------------ -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ---------------------------- ------------------ -------------- ------------- ============ TOTAL MISCELLANEOUS OPERATING EXPENSES $ 0.00 ================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 002 FUND IV, LTD FOR THE PERIOD FROM: 020199 JAMES J. JOSEPH, TO: 022899 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-557-0001 6704-559087 14-088-679 ---------- ------------ ------------ ------------ A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 784,132.20 783,782.20 652,829.66 0.00 ---------- ------------ ------------ ------------ B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 784,032.20 0.00 0.00 0.00 ---------- ------------ ------------ ------------ C. Beginning Balance. . . . . . . . . . . . . . . 100.00 783,782.20 652,829.66 0.00 ========== ============ ============ ============ D. Receipts During Current Period Per Attached Schedule. . . . . . . . 12,092.88 2,775.90 0.00 1,085,146.42 Total Receipts . . . . . . . . . . . 12,092.88 2,775.90 0.00 1,085,146.42 ---------- ------------ ------------ ------------ E. Balance Available. . . . . . . . . . . . . . . 12,192.88 786,558.10 652,829.66 1,085,146.42 ---------- ------------ ------------ ------------ F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 12,092.88 0.00 0.00 23,054.01 Total Disbursements. . . . . . . . . 12,092.88 0.00 0.00 23,054.01 ========== ============ ============ ============ G. Ending Balance 100.00 786,558.10 652,829.66 1,062,092.41 ========== ============ ============ ============
H. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-557-0001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679 BOND: $6,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 3/17/99 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================ CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 002 RECEIPTS FOR THE PERIOD FROM: 020199 TO: 022899 OPERATING ACCOUNT # 14-088-407 AMOUNT - ---------------------------------------------------------------------- 02/12 - PAM IV MONEY MARKET TRANSFER OF FUNDS 12,092.88 ------------- TOTAL 12,092.88 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 002 DISBURSEMENTS FOR THE PERIOD FROM: 020199 TO: 022899 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- PERFORMANCE CAP. MGMT. INC JANUARY OPERATING/COLL COSTS 12,092.88 10002 02/12/99
----------- TOTAL 12,092.88 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 002 RECEIPTS FOR THE PERIOD FROM: 020199 TO: 022899 30-Day C.D. Account #426-557-0001 AMOUNT - -------------------------------------------------------------------- 02/26 - IMPERIAL BANK INTEREST AT MATURITY 2,775.90
----------- TOTAL 2,775.90 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 002 DISBURSEMENTS FOR THE PERIOD FROM: 020199 TO: 022899 30-Day C.D. Account # 426-557-0001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 002 RECEIPTS FOR THE PERIOD FROM: 020199 TO: 022899 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- ----------- TOTAL 0.00 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 002 DISBURSEMENTS FOR THE PERIOD FROM: 020199 TO: 022899 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------ --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 002 RECEIPTS FOR THE PERIOD FROM: 020199 TO: 022899 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ----------------------------------------------------------------------- PCM PARTNERSHIP RESERVE MONEY MARKET TRANSFER OF FUNDS 1,076,189.00 02/05 - UNION BANK TRUST ACCOUNT TRANSFER OF FUNDS 8,957.42 ------------ TOTAL 1,085,146.42 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 002 DISBURSEMENTS FOR THE PERIOD FROM: 020199 TO: 022899 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - --------------------------------------------------------------------------------------- VCS OPERATING BOND PAYMENT 10,961.13 TSF 02/08/99 PAM IV OPERATING TRANSFER OF FUNDS 12,092.88 TSF 02/12/99
---------- TOTAL 23,054.01 ========== EX-99.3 5 doc4.txt
EXHIBIT 99.3 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 03 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 03/01/99 to 03/31/99 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 676,226.41 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 676,226.41 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 676,226.41 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 8,852.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 48,021.00 ------------ Total Operating Expenses 56,873.00 ------------ Net Gain / Loss from Business Operations 619,353.41 ------------ B. Not Related to Business Operations Income : Interest Income 12,779.20 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 12,779.20 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD 632,132.61 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 03 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 03 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) To be accrued in February:
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: April 19, 1999 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 03 From : 03/01/99 To : 03/31/99
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ---------------------------------- ------------------ -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ---------------------------------- ------------------ -------------- ------------- December 1998 Management Fee PDI, Inc $ 18,968.00 $ 18,968.00 January 1999 Management Fee PDI, Inc $ 18,968.00 $ 18,968.00 February 1999 Operating Expenses PCM, Inc $ 10,085.00 $ 10,085.00 ============ TOTAL MISCELLANEOUS OPERATING EXPENSES $ 48,021.00
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 003 FUND IV, LTD FOR THE PERIOD FROM: 030199 JAMES J. JOSEPH, TO: 033199 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-557-0001 6704-559087 14-088-679 ---------- ------------ ------------ ------------ A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 796,225.08 786,558.10 652,829.66 1,085,146.42 ---------- ------------ ------------ ------------ B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 796,125.08 0.00 0.00 23,054.01 ---------- ------------ ------------ ------------ C. Beginning Balance. . . . . . . . . . . . . . . 100.00 786,558.10 652,829.66 1,062,092.41 ========== ============ ============ ============ D. Receipts During Current Period Per Attached Schedule. . . . . . . . 48,021.00 2,884.04 2,146.75 683,974.82 Total Receipts . . . . . . . . . . . 48,021.00 2,884.04 2,146.75 683,974.82 ---------- ------------ ------------ ------------ E. Balance Available. . . . . . . . . . . . . . . 48,121.00 789,442.14 654,976.41 1,746,067.23 ---------- ------------ ------------ ------------ F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 48,021.00 0.00 654,976.41 50,580.21 Total Disbursements. . . . . . . . . 48,021.00 0.00 654,976.41 50,580.21 ========== ============ ============ ============ G. Ending Balance 100.00 789,442.14 0.00 1,695,487.02 ========== ============ ============ ============ ACCOUNT CLOSED 03/01/99
H. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-557-0001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679 BOND: $6,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 4/19/99 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================ CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 003 RECEIPTS FOR THE PERIOD FROM: 030199 TO: 033199 OPERATING ACCOUNT # 14-088-407 AMOUNT - ---------------------------------------------------------------------- PAM IV MONEY MARKET TRANSFER OF FUNDS 37,936.00 PAM IV MONEY MARKET TRANSFER OF FUNDS 10,085.00 ------------- TOTAL 48,021.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 003 DISBURSEMENTS FOR THE PERIOD FROM: 030199 TO: 033199 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- PDI, INC DECEMBER 1998 MANAGEMENT FEE 18,968.00 10003 03/15/99 PDI, INC JANUARY 1999 MANAGEMENT FEE 18,968.00 10004 03/15/99 PCM INC FEBRUARY OPERATING EXPENSES 10,085.00 10005 03/19/99
----------- TOTAL 48,021.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 003 RECEIPTS FOR THE PERIOD FROM: 030199 TO: 033199 30-Day C.D. Account #426-557-0001 AMOUNT - -------------------------------------------------------------------- 03/29 - IMPERIAL BANK INTEREST AT MATURITY 2,884.04
----------- TOTAL 2,884.04 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 003 DISBURSEMENTS FOR THE PERIOD FROM: 030199 TO: 033199 30-Day C.D. Account # 426-557-0001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 003 RECEIPTS FOR THE PERIOD FROM: 030199 TO: 033199 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- 03/01 - WELLS FARGO BANK INTEREST INCOME 2,146.75 ----------- TOTAL 2,146.75 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 003 DISBURSEMENTS FOR THE PERIOD FROM: 030199 TO: 033199 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------- JAMES J. JOSEPH, TRUSTEE CLOSE OUT OF ACCOUNT 3/1 654,891.61 1113 03/01/99 JAMES J. JOSEPH, TRUSTEE CLOSE OUT OF ACCOUNT 3/1 84.80 2237 03/01/99
---------- TOTAL 654,976.41 ========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 003 RECEIPTS FOR THE PERIOD FROM: 030199 TO: 033199 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ----------------------------------------------------------------------------- 03/05 - WELLS FARGO BANK CLOSE OUT OF ACCOUNT 3/1 654,976.41 03/12 - CREATIVE CREDIT SOLUTIONS 85 % OF FUNDS COLLECTED 3/11 21,250.00 03/23 - IMPERIAL BANK FEBRUARY INTEREST 2,848.40 03/31 - IMPERIAL BANK MARCH INTEREST 4,900.01 ------------ TOTAL 683,974.82 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 003 DISBURSEMENTS FOR THE PERIOD FROM: 030199 TO: 033199 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------ PAM IV OPERATING ACCOUNT TRANSFER OF FUNDS 37,936.00 TSF 03/15/99 PCM OPERATING ACCOUNT TRANSFER FOR REFUNDS 2,559.21 TSF 03/19/99 PAM IV OPERATING ACCOUNT TRANSFER OF FUNDS 10,085.00 TSF 03/19/99
---------- TOTAL 50,580.21 ========== EX-99.4 6 doc5.txt
EXHIBIT 99.4 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 04 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 04/01/99 to 04/30/99 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 718,948.93 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 718,948.93 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 718,948.93 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 8,852.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 976.73 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 976.73 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 50.00 ------------ Total Operating Expenses 9,878.73 ------------ Net Gain / Loss from Business Operations 709,070.20 ------------ B. Not Related to Business Operations Income : Interest Income 10,002.54 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 10,002.54 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 500.00 ------------ Total Non-Operating Expenses 500.00 ------------ NET INCOME / LOSS FOR PERIOD 718,572.74 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 04 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 04 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) To be accrued in February:
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 5/18/99 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 04 From : 04/01/99 To : 04/30/99
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ---------------------------------- ------------------ -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ---------------------------------- ------------------ -------------- ------------- Business License City of Irvine $ 50.00 $ 50.00 ============ TOTAL MISCELLANEOUS OPERATING EXPENSES $ 50.00
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 004 FUND IV, LTD FOR THE PERIOD FROM: 040199 JAMES J. JOSEPH, TO: 043099 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 4265-570-001 6704-559087 14-088-679 ---------- ------------ ------------ ------------ A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 844,246.08 789,442.14 654,976.41 1,769,121.24 ---------- ------------ ------------ ------------ B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 844,146.08 0.00 654,976.41 73,634.22 ---------- ------------ ------------ ------------ C. Beginning Balance. . . . . . . . . . . . . . . 100.00 789,442.14 0.00 1,695,487.02 ========== ============ ============ ============ D. Receipts During Current Period Per Attached Schedule. . . . . . . . 1,500.00 2,894.62 0.00 726,056.85 Total Receipts . . . . . . . . . . . 1,500.00 2,894.62 0.00 726,056.85 ---------- ------------ ------------ ------------ E. Balance Available. . . . . . . . . . . . . . . 1,600.00 792,336.76 0.00 2,421,543.87 ---------- ------------ ------------ ------------ F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 1,526.73 0.00 0.00 1,859.91 Total Disbursements. . . . . . . . . 1,526.73 0.00 0.00 1,859.91 ========== ============ ============ ============ G. Ending Balance 73.27 792,336.76 0.00 2,419,683.96 ========== ============ ============ ============ ACCOUNT CLOSED 03/01/99
H. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-557-0001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679 BOND: $6,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 5/18/99 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================ CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 004 RECEIPTS FOR THE PERIOD FROM: 040199 TO: 043099 OPERATING ACCOUNT # 14-088-407 AMOUNT - ------------------------------------------------------------------------- PAM FUND IV MONEY MARKET TRANSFER FOR UST FEE 500.00 PAM FUND IV MONEY MARKET TRANSFER FOR MOHAVE PROP. TAX 1,000.00 ------------- TOTAL 1,500.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 004 DISBURSEMENTS FOR THE PERIOD FROM: 040199 TO: 043099 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- U.S. TRUSTEE 1ST QUARTER FEE 500.00 10006 04/21/99 CITY OF IRVINE BUSINESS LICENSE 50.00 10007 04/23/99 MOHAVE COUNTY TREASURER PROPERTY TAX 976.73 10008 04/26/99
----------- TOTAL 1,526.73 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 004 RECEIPTS FOR THE PERIOD FROM: 040199 TO: 043099 30-Day C.D. Account #4265-570-001 AMOUNT - -------------------------------------------------------------------- 04/27 - IMPERIAL BANK INTEREST AT MATURITY 2,894.62
----------- TOTAL 2,894.62 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 004 DISBURSEMENTS FOR THE PERIOD FROM: 040199 TO: 043099 30-Day C.D. Account # 426-557-0001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 004 RECEIPTS FOR THE PERIOD FROM: 040199 TO: 043099 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 004 DISBURSEMENTS FOR THE PERIOD FROM: 040199 TO: 043099 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------- ---------- TOTAL 0.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 004 RECEIPTS FOR THE PERIOD FROM: 040199 TO: 043099 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - -------------------------------------------------------------------------------------------------- 04/01 - PCM PARTNERSHIP RESERVE ACCOUNT PORTFOLIO SALES PROCEEDS NEW JERSEY ACCOUNT 21,961.72 04/05 - PCM PARTNERSHIP RESERVE ACCOUNT DEC, JAN, FEB COLLECTION SHARE 659,333.04 04/12 - PCM COLLECTION ACCOUNT FINANCIAL RECOVERY SERVICES ALLOCATION 29,701.97 04/14 - WELLS FARGO BANK CLOSING DISTRIBUTION 76.77 04/27 - PCM EAGLE PORTFOLIO PURCHASE ALLOCATION 7,875.43 04/30 - IMPERIAL BANK APRIL INTEREST 7,107.92 ------------ TOTAL 726,056.85 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 004 DISBURSEMENTS FOR THE PERIOD FROM: 040199 TO: 043099 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- PCM OPERATING ACCOUNT REIMBURSE DEPOSIT ERROR 359.91 TSF 04/02/99 PAM FUND IV OPERATING ACCOUNT TRANSFER FOR UST FEE 500.00 TSF 04/21/99 PAM FUND IV OPERATING ACCOUNT TRANSFER FOR MOHAVE PROP. TAX 1,000.00 TSF 04/26/99 ---------- TOTAL 1,859.91 ==========
EX-99.5 7 doc6.txt
EXHIBIT 99.5 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 05 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 05/01/99 to 05/31/99 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 472,495.26 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 472,495.26 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 472,495.26 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 8,852.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 123,657.76 ------------ Total Operating Expenses 132,509.76 ------------ Net Gain / Loss from Business Operations 339,985.50 ------------ B. Not Related to Business Operations Income : Interest Income 11,532.78 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 11,532.78 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 9,584.25 Costs ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 9,584.25 ------------ NET INCOME / LOSS FOR PERIOD 341,934.03 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 05 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 05 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) To be accrued in February:
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 6/22/99 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 05 From : 05/01/99 To : 05/31/99
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ---------------------------------- ------------------ -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ---------------------------------- ------------------ -------------- ------------- March & April Operating Expenses PCM, Inc. $ 20,170.00 $ 20,170.00 March & April Management Fee PDI, Inc. $ 37,936.00 $ 37,936.00 Portfolio Purchases Purchase Account $ 65,551.76 $ 65,551.76 ============ TOTAL MISCELLANEOUS OPERATING EXPENSES $ 123,657.76
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 005 FUND IV, LTD FOR THE PERIOD FROM: 050199 JAMES J. JOSEPH, TO: 053199 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-557-0001 6704-559087 14-088-679 ---------- ------------ ------------ ------------ A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 845,746.08 792,336.76 654,976.41 2,495,178.09 ---------- ------------ ------------ ------------ B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 845,672.81 0.00 654,976.41 75,494.13 ---------- ------------ ------------ ------------ C. Beginning Balance. . . . . . . . . . . . . . . 73.27 792,336.76 0.00 2,419,683.96 ========== ============ ============ ============ D. Receipts During Current Period Per Attached Schedule. . . . . . . . 67,716.98 2,905.24 0.00 481,122.80 Total Receipts . . . . . . . . . . . 67,716.98 2,905.24 0.00 481,122.80 ---------- ------------ ------------ ------------ E. Balance Available. . . . . . . . . . . . . . . 67,790.25 795,242.00 0.00 2,900,806.76 ---------- ------------ ------------ ------------ F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 67,690.25 0.00 0.00 133,268.74 Total Disbursements. . . . . . . . . 67,690.25 0.00 0.00 133,268.74 ========== ============ ============ ============ G. Ending Balance 100.00 795,242.00 0.00 2,767,538.02 ========== ============ ============ ============ ACCOUNT CLOSED 03/01/99
H. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-557-0001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679 BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 6/22/99 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================ CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 005 RECEIPTS FOR THE PERIOD FROM: 050199 TO: 053199 OPERATING ACCOUNT # 14-088-407 AMOUNT - ------------------------------------------------------------------------- PAM FUND IV MONEY MARKET TRANSFER FOR A/P 9,560.00 PAM FUND IV MONEY MARKET TRANSFER FOR A/P 58,156.98 ------------- TOTAL 67,716.98 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 005 DISBURSEMENTS FOR THE PERIOD FROM: 050199 TO: 053199 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- DANNING, GILL, DIAMOND & KOLLITZ COSTS 1/1-3/31/99 9,584.25 10009 05/01/99 PCM INC. MARCH & APRIL OPERATING EXPENSES 20,170.00 10010 05/19/99 PDI INC. MARCH & APRIL MANAGEMENT FEE 37,936.00 10011 05/19/99 ----------- TOTAL 67,690.25 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 005 RECEIPTS FOR THE PERIOD FROM: 050199 TO: 053199 30-Day C.D. Account #426-557-0001 AMOUNT - -------------------------------------------------------------------- 05/28 - IMPERIAL BANK INTEREST AT MATURITY 2,905.24
----------- TOTAL 2,905.24 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 005 DISBURSEMENTS FOR THE PERIOD FROM: 050199 TO: 053199 30-Day C.D. Account # 426-557-0001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 005 RECEIPTS FOR THE PERIOD FROM: 050199 TO: 053199 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 005 DISBURSEMENTS FOR THE PERIOD FROM: 050199 TO: 053199 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------- ---------- TOTAL 0.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 005 RECEIPTS FOR THE PERIOD FROM: 050199 TO: 053199 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ------------------------------------------------------------------------------------------ PARTNERSHIP RESERVE ACCOUNT MARCH 1999 COLLECTION DISTRIBUTION 396,891.47 05/14 - PCM OPERATING ACCOUNT RETAIL RECOVERY SALES ALLOCATION 2,274.18 05/17 - PCM WIRE ACCOUNT COMMERCIAL CREDIT PROCEEDS (#3) 746.56 05/28 - PCM WIRE ACCOUNT PROFESSIONAL RECOVERY SYSTEMS PROCEEDS 71,764.33 05/28 - PARTNERSHIP RESERVE RECEIVABLES TO REVENUE PROCEEDS 818.52 05/31 - IMPERIAL BANK MAY INTEREST 8,627.54 ------------ TOTAL 481,122.80 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 005 DISBURSEMENTS FOR THE PERIOD FROM: 050199 TO: 053199 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ----------------------------------------------------------------------------------------------------- PAM IV OPERATING TRANSFER FOR A/P 9,560.00 TSF 05/03/99 PAM IV OPERATING TRANSFER FOR A/P 58,156.98 TSF 05/19/99 PAM FUND PURCHASE ACCOUNT TRANSFER FOR PORTFOLIO PURCHASE 65,551.76 TSF 05/27/99 ---------- TOTAL 133,268.74 ==========
EX-99.6 8 doc7.txt
EXHIBIT 99.6 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 06 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 06/01/99 to 06/30/99 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 475,337.92 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 475,337.92 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 475,337.92 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 8,852.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 384,228.10 ------------ Total Operating Expenses 393,080.10 ------------ Net Gain / Loss from Business Operations 82,257.82 ------------ B. Not Related to Business Operations Income : Interest Income 12,572.63 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 12,572.63 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD 94,830.45 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 06 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 06 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) To be accrued in February:
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 7/21/99 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 06 From : 06/01/99 To : 06/30/99
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ----------------------------------------- ------------------ -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ----------------------------------------- ------------------ -------------- ------------- May Operating Expenses PCM, Inc. $ 10,085.00 $ 10,085.00 May Management Fee PDI, Inc. $ 18,968.00 $ 18,968.00 Chase Acquisition Fee PCM, Inc. $ 6,555.18 $ 6,555.18 1st Interim Award Professional Fees/Costs VCS, Inc. $ 348,619.92 $ 348,619.92 ============ TOTAL MISCELLANEOUS OPERATING EXPENSES $ 384,228.10
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 006 FUND IV, LTD FOR THE PERIOD FROM: 060199 JAMES J. JOSEPH, TO: 063099 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-557-0001 6704-559087 14-088-679 ---------- ------------ ------------ ------------ A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 913,463.06 795,242.00 654,976.41 2,976,300.89 ---------- ------------ ------------ ------------ B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 913,363.06 0.00 654,976.41 208,762.87 ---------- ------------ ------------ ------------ C. Beginning Balance. . . . . . . . . . . . . . . 100.00 795,242.00 0.00 2,767,538.02 ========== ============ ============ ============ D. Receipts During Current Period Per Attached Schedule. . . . . . . . 842.44 2,982.15 0.00 484,085.96 Total Receipts . . . . . . . . . . . 842.44 2,982.15 0.00 484,085.96 ---------- ------------ ------------ ------------ E. Balance Available. . . . . . . . . . . . . . . 942.44 798,224.15 0.00 3,251,623.98 ---------- ------------ ------------ ------------ F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 384,228.10 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 384,228.10 ========== ============ ============ ============ G. Ending Balance 942.44 798,224.15 0.00 2,867,395.88 ========== ============ ============ ============ ACCOUNT CLOSED 03/01/99
H. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-557-0001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679 BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 7/21/99 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================ CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 006 RECEIPTS FOR THE PERIOD FROM: 060199 TO: 063099 OPERATING ACCOUNT # 14-088-407 AMOUNT - ------------------------------------------------------------------------- 06/17 - PCM OPERATING ACCOUNT EAGLE SALES PROCEEDS CORRECTION 842.44 ------------- TOTAL 842.44 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 006 DISBURSEMENTS FOR THE PERIOD FROM: 060199 TO: 063099 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 006 RECEIPTS FOR THE PERIOD FROM: 060199 TO: 063099 30-Day C.D. Account #426-557-0001 AMOUNT - -------------------------------------------------------------------- 06/28 - IMPERIAL BANK INTEREST AT MATURITY 2,982.15
----------- TOTAL 2,982.15 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 006 DISBURSEMENTS FOR THE PERIOD FROM: 060199 TO: 063099 30-Day C.D. Account # 426-557-0001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 =========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 006 RECEIPTS FOR THE PERIOD FROM: 060199 TO: 063099 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ----------------------------------------------------------------------------------------------- 06/03 - PCM PARTNERSHIP RESERVE NOTE PAYMENTS ON VACANT LAND (FROM 3/3 DEPOSIT 45,804.63 06/03 - PCM PARTNERSHIP RESERVE FIRST NAT'L ACCEPTANCE PROCEEDS (FROM 3/15) 21,961.72 06/04 - PCM PARTNERSHIP RESERVE APRIL COLLECTION SHARE 386,990.95 06/14 - PCM WIRE ACCOUNT COMMERCIAL COLL. CENTER PROCEEDS 7,377.00 06/23 - PAM FUND I REPLACEMENT ALLOCATION RE-DISTRIBUTION 683.41 06/23 - PAM FUND II REPLACEMENT ALLOCATION RE-DISTRIBUTION 6,326.16 06/23 - PAM FUND V REPLACEMENT ALLOCATION RE-DISTRIBUTION 800.65 06/28 - PCM WIRE ACCOUNT FIRST NATIONAL ACCEPTANCE PROCEEDS (FROM 6/24) 4,550.96 06/30 - IMPERIAL BANK JUNE INTEREST 9,590.48 ------------ TOTAL 484,085.96 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 006 DISBURSEMENTS FOR THE PERIOD FROM: 060199 TO: 063099 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------------------------- PCM OPERATING ACCOUNT MAY OPERATING EXPENSES 10,085.00 TSF 06/04/99 PDI MONEY MARKET MAY MANAGEMENT FEE 18,968.00 TSF 06/04/99 PCM OPERATING ACCOUNT CHASESE ACQUISITION FEE 6,555.18 TSF 06/28/99 VCS OPERATING ACCOUNT FIRST INTERIM AWARD PROFESSIONAL FEES/COSTS 348,619.92 TSF 06/30/99 ---------- TOTAL 384,228.10 ==========
EX-99.7 9 doc8.txt
EXHIBIT 99.7 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 07 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 07/01/99 to 07/31/99 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 339,210.53 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 339,210.53 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 339,210.53 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 8,852.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 256,291.79 ------------ Total Operating Expenses 265,143.79 ------------ Net Gain / Loss from Business Operations 74,066.74 ------------ B. Not Related to Business Operations Income : Interest Income 13,060.98 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 13,060.98 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 3,750.00 ------------ Total Non-Operating Expenses 3,750.00 ------------ NET INCOME / LOSS FOR PERIOD 83,377.72 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 07 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 07 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 8/19/99 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 07 From : 07/01/99 To : 07/31/99
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- June Operating Expenses PCM, Inc. $ 10,085.00 $ 10,085.00 June Management Fee PDI, Inc. $ 18,968.00 $ 18,968.00 Chase Portfolio #1 # #2 Purchase Pam Fund Purchase Account $ 55,946.94 $ 55,946.94 Lobel, Opera & Friedman Fees & Costs VCS, Inc. $ 64,976.16 $ 64,976.16 Settlement Benjamin, Lugosi & Benjamin $ 106,315.69 $ 106,315.69 ============ TOTAL MISCELLANEOUS OPERATING EXPENSES $ 256,291.79
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 007 FUND IV, LTD FOR THE PERIOD FROM: 070199 JAMES J. JOSEPH, TO: 073199 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-557-0001 6704-559087 14-088-679 ---------- ------------ ------------ ------------ A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 914,305.50 798,224.15 654,976.41 3,460,386.85 ---------- ------------ ------------ ------------ B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 913,363.06 0.00 654,976.41 592,990.97 ---------- ------------ ------------ ------------ C. Beginning Balance. . . . . . . . . . . . . . . 942.44 798,224.15 0.00 2,867,395.88 ========== ============ ============ ============ D. Receipts During Current Period Per Attached Schedule. . . . . . . . 110,065.69 3,026.60 0.00 349,244.91 Total Receipts . . . . . . . . . . . 110,065.69 3,026.60 0.00 349,244.91 ---------- ------------ ------------ ------------ E. Balance Available. . . . . . . . . . . . . . . 111,008.13 801,250.75 0.00 3,216,640.79 ---------- ------------ ------------ ------------ F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 110,065.69 0.00 0.00 260,041.79 Total Disbursements. . . . . . . . . 110,065.69 0.00 0.00 260,041.79 ========== ============ ============ ============ G. Ending Balance 942.44 801,250.75 0.00 2,956,599.00 ========== ============ ============ ============ H. Disbursements for Quarterly Fees . . . . . . . 110,065.69 0.00 149,976.10 ========== ============ ============ ============ ACCOUNT CLOSED 03/01/99
I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-557-0001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679 BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 8/19/99 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 007 RECEIPTS FOR THE PERIOD FROM: 070199 TO: 073199 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- 07/09 - PAM IV MONEY MARKET BENJAMIN, LUGOSI&BENJAMIN SETTLEMENT 106,315.69 07/23 - PAM IV MONEY MARKET TRANSFER FOR UST FEE 3,750.00 ------------- TOTAL 110,065.69 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 007 DISBURSEMENTS FOR THE PERIOD FROM: 070199 TO: 073199 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- BENJAMIN, LUGOSI & BENJAMIN SETTLEMENT 106,315.69 10012 07/09/99 US TRUSTEE 2ND QUARTER FEE 3,750.00 10013 07/23/99 ----------- TOTAL 110,065.69 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 007 RECEIPTS FOR THE PERIOD FROM: 070199 TO: 073199 30-Day C.D. Account #426-557-0001 AMOUNT - -------------------------------------------------------------------- 07/26 - IMPERIAL BANK INTEREST AT MATURITY 3,026.60
----------- TOTAL 3,026.60 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 007 DISBURSEMENTS FOR THE PERIOD FROM: 070199 TO: 073199 30-Day C.D. Account # 426-557-0001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 007 RECEIPTS FOR THE PERIOD FROM: 070199 TO: 073199 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 007 DISBURSEMENTS FOR THE PERIOD FROM: 070199 TO: 073199 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------- ---------- TOTAL 0.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 007 RECEIPTS FOR THE PERIOD FROM: 070199 TO: 073199 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ------------------------------------------------------------------------------------------ 07/06 - PARTNERSHIP RESERVE MAY 1999 COLLECTION SHARE 335,448.27 07/22 - PCM OPERATING EAGLE SERVICE SALE SHARE 2,475.32 07/26 - WIRE ACCOUNT CREDIT COLL.SERVICES SALE SHARE 1,286.94 07/31 - IMPERIAL BANK JULY INTEREST 10,034.38 ------------ TOTAL 349,244.91 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 007 DISBURSEMENTS FOR THE PERIOD FROM: 070199 TO: 073199 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------------------ VCS OPERATING ACCOUNT LOBEL, OPERA & FRIEDMAN & COSTS 64,976.16 TSF 07/07/99 PAM IV OPERATING ACCOUNT BENJAMIN, LUGOSI & BENJAMIN SETTLEMENT 106,315.69 TSF 07/09/99 PCM OPERATING ACCOUNT JUNE OPERATING EXPENSES 10,085.00 TSF 07/16/99 PDI MONEY MARKET JUNE MANAGEMENT FEE 18,968.00 TSF 07/16/99 PAM FUND PURCHASE ACCOUNT CHASE PORTFOLIO #1 48,404.10 TSF 07/21/99 PAM FUND PURCHASE ACCOUNT CHASE PORTFOLIO #2 7,542.84 TSF 07/21/99 PAM IV OPERATING ACCOUNT TRANSFER FOR UST FEE 3,750.00 TSF 07/23/99 ---------- TOTAL 260,041.79 ==========
EX-99.8 10 doc9.txt
EXHIBIT 99.8 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 08 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 08/01/99 to 08/31/99 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 458,997.41 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 458,997.41 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 458,997.41 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 8,852.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 38,592.14 ------------ Total Operating Expenses 47,444.14 ------------ Net Gain / Loss from Business Operations 411,553.27 ------------ B. Not Related to Business Operations Income : Interest Income 14,296.03 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 14,296.03 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD 425,849.30 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 08 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 08 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 9/20/99 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 08 From : 08/01/99 To : 08/31/99
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- Chase Acquisition Fee PCM, Inc. $ 754.28 $ 754.28 Chase Acquisition Fee PCM, Inc. $ 4,840.41 $ 4,840.41 Chase Portfolio Purchase Pam Fund Purchase Account $ 29,997.68 $ 29,997.68 Chase Acquisition Fee PCM, Inc. $ 2,999.77 $ 2,999.77 ============ TOTAL MISCELLANEOUS OPERATING EXPENSES $ 38,592.14
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 008 FUND IV, LTD FOR THE PERIOD FROM: 080199 JAMES J. JOSEPH, TO: 083199 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-557-0001 6704-559087 14-088-679 ------------ ------------ ----------- ------------ A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,024,371.19 801,250.75 654,976.41 3,809,631.76 ------------ ------------ ------------ ------------ B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,023,428.75 0.00 654,976.41 853,032.76 ------------ ------------ ----------- ------------ C. Beginning Balance. . . . . . . . . . . . . . . 942.44 801,250.75 0.00 2,956,599.00 ============ ============ =========== ============ D. Receipts During Current Period Per Attached Schedule. . . . . . . . 668.79 3,171.62 0.00 469,453.03 Total Receipts . . . . . . . . . . . 668.79 3,171.62 0.00 469,453.03 ------------ ------------ ----------- ------------ E. Balance Available. . . . . . . . . . . . . . . 1,611.23 804,422.37 0.00 3,426,052.03 ------------ ------------ ----------- ------------ F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 38,592.14 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 38,592.14 ============ ============ =========== ============ G. Ending Balance 1,611.23 804,422.37 0.00 3,387,459.89 ============ ============ =========== ============ H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 38,592.14 ============ ============ =========== ============ ACCOUNT CLOSED 03/01/99
I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-557-0001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679 BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 9/20/99 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 008 RECEIPTS FOR THE PERIOD FROM: 080199 TO: 083199 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- 08/26 - PCM WIRE ACCOUNT DJC INC PORTFOLIO SALE 668.79 ------------- TOTAL 668.79 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 008 DISBURSEMENTS FOR THE PERIOD FROM: 080199 TO: 083199 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 008 RECEIPTS FOR THE PERIOD FROM: 080199 TO: 083199 30-Day C.D. Account #426-557-0001 AMOUNT - -------------------------------------------------------------------- 08/25 - IMPERIAL BANK INTEREST AT MATURITY 3,171.62
----------- TOTAL 3,171.62 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 008 DISBURSEMENTS FOR THE PERIOD FROM: 080199 TO: 083199 30-Day C.D. Account # 426-557-0001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 008 RECEIPTS FOR THE PERIOD FROM: 080199 TO: 083199 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 008 DISBURSEMENTS FOR THE PERIOD FROM: 080199 TO: 083199 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------- ---------- TOTAL 0.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 008 RECEIPTS FOR THE PERIOD FROM: 080199 TO: 083199 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ------------------------------------------------------------------------------------------ 08/04 - PARTNERSHIP RESERVE JUNE 1999 COLLECTION SHARE 340,732.81 08/10 - PCM WIRE ACCOUNT FIRST NAT'L ACCEPT PORTFOLIO SALE 2,262.09 08/19 - PCM WIRE ACCOUNT FINANCIAL RECOVERY SERVICE SALE PROCEEDS 35,329.13 08/24 - PCM WIRE ACCOUNT JACKSON CAPITAL PORTFOLIO SALE 2,215.33 08/31 - PCM WIRE ACCOUNT DJC, INC. PORTFOLIO SALE PROCEEDS 77,789.26 08/31 - IMPERIAL BANK INTEREST 11,124.41 ------------ TOTAL 469,453.03 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 008 DISBURSEMENTS FOR THE PERIOD FROM: 080199 TO: 083199 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------------------ PCM OPERATING ACCOUNT CHASE ACQUISITION FEE 754.28 TSF 08/13/99 PCM OPERATING ACCOUNT CHASE ACQUISITION FEE 4,840.41 TSF 08/13/99 PAM FUND PURCHASE ACCOUNT CHASE PORTFOLIO PURCHASE 29,997.68 TSF 08/26/99 PCM OPERATING ACCOUNT CHASE ACQUISITION FEE 2,999.77 TSF 08/31/99 ---------- TOTAL 38,592.14 ==========
EX-99.9 11 doc10.txt
EXHIBIT 99.9 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 09 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 09/01/99 to 09/30/99 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 328,467.21 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 328,467.21 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 328,467.21 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 8,852.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 102,039.68 ------------ Total Operating Expenses 110,891.68 ------------ Net Gain / Loss from Business Operations 217,575.53 ------------ B. Not Related to Business Operations Income : Interest Income 14,550.67 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 14,550.67 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD 232,126.20 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 09 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 09 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 10/15/99 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 09 From : 09/01/99 To : 09/30/99
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- Chase Portfolio Purchase PAM Fund Purchase Account $ 18,728.28 $ 18,728.28 Key Bank Portfolio Purchase PAM Fund Purchase Account $ 55,698.71 $ 55,698.71 July Operating Expenses PCM, Inc. $ 10,085.00 $ 10,085.00 August Operating Expenses PCM, Inc. $ 10,085.00 $ 10,085.00 Chase Acquisition Fee PCM, Inc. $ 1,872.82 $ 1,872.82 Key Bank Acquisition Fee PCM, Inc. $ 5,569.87 $ 5,569.87 ============ TOTAL MISCELLANEOUS OPERATING EXPENSES $ 102,039.68
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 009 FUND IV, LTD FOR THE PERIOD FROM: 090199 JAMES J. JOSEPH, TO: 093099 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-557-0001 6704-559087 14-088-679 ------------ ------------ ----------- ------------ A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,025,039.98 804,422.37 654,976.41 4,279,084.79 ------------ ------------ ------------ ------------ B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,023,428.75 0.00 654,976.41 891,624.90 ------------ ------------ ----------- ------------ C. Beginning Balance. . . . . . . . . . . . . . . 1,611.23 804,422.37 0.00 3,387,459.89 ============ ============ =========== ============ D. Receipts During Current Period Per Attached Schedule. . . . . . . . 0.00 3,150.66 0.00 366,683.05 Total Receipts . . . . . . . . . . . 0.00 3,150.66 0.00 366,683.05 ------------ ------------ ----------- ------------ E. Balance Available. . . . . . . . . . . . . . . 1,611.23 807,573.03 0.00 3,754,142.94 ------------ ------------ ----------- ------------ F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 102,039.68 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 102,039.68 ============ ============ =========== ============ G. Ending Balance 1,611.23 807,573.03 0.00 3,652,103.26 ============ ============ =========== ============ H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 102,039.68 ============ ============ =========== ============ ACCOUNT CLOSED 03/01/99
I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-557-0001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679 BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 10/15/99 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================ CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 009 RECEIPTS FOR THE PERIOD FROM: 090199 TO: 093099 OPERATING ACCOUNT # 14-088-407 AMOUNT - -------------------------------------------------------------------------------- ------------- TOTAL 0.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 009 DISBURSEMENTS FOR THE PERIOD FROM: 090199 TO: 093099 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 009 RECEIPTS FOR THE PERIOD FROM: 090199 TO: 093099 30-Day C.D. Account #426-557-0001 AMOUNT - -------------------------------------------------------------------- 09/24 - IMPERIAL BANK INTEREST AT MATURITY 3,150.66
----------- TOTAL 3,150.66 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 009 DISBURSEMENTS FOR THE PERIOD FROM: 090199 TO: 093099 30-Day C.D. Account # 426-557-0001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 009 RECEIPTS FOR THE PERIOD FROM: 090199 TO: 093099 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 009 DISBURSEMENTS FOR THE PERIOD FROM: 090199 TO: 093099 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------- ---------- TOTAL 0.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 009 RECEIPTS FOR THE PERIOD FROM: 090199 TO: 093099 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ------------------------------------------------------------------------------------------ 09/08 - PCM WIRE ACCOUNT FIRST NAT'L ACCEPTANCE PORTFOLIO SALE 4,358.87 09/22 - PARTNERSHIP RESERVE JULY 1999 COLLECTION SHARE 324,108.34 09/30 - PCM OPERATING F.A.MANAGEMENT SOLUTIONS PORTFOLIO SALE 26,815.83 09/30 - IMPERIAL BANK INTEREST 11,400.01 ------------ TOTAL 366,683.05 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 009 DISBURSEMENTS FOR THE PERIOD FROM: 090199 TO: 093099 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------------------ PAM FUND PURCHASE ACCOUNT CHASE MANHATTAN PORTFOLIO PURCHASE 18,728.28 TSF 09/23/99 PAM FUND PURCHASE ACCOUNT KEY BANK PORTFOLIO PURCHASE 55,698.71 TSF 09/24/99 PCM OPERATING JULY OPERATING EXPENSES 10,085.00 TSF 09/27/99 PCM OPERATING AUGUST OPERATING EXPENSES 10,085.00 TSF 09/27/99 PCM OPERATING CHASE ACQUISITION FEE 1,872.82 TSF 09/28/99 PCM OPERATING KEY BANK ACQUISITION FEE 5,569.87 TSF 09/28/99 ---------- TOTAL 102,039.68 ==========
EX-99.10 12 doc11.txt
EXHIBIT 99.10 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 10 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 10/01/99 to 10/31/99 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 473,197.17 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 473,197.17 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 473,197.17 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 8,852.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 10,085.00 ------------ Total Operating Expenses 18,937.00 ------------ Net Gain / Loss from Business Operations 454,260.17 ------------ B. Not Related to Business Operations Income : Interest Income 16,470.73 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 16,470.73 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 3,750.00 ------------ Total Non-Operating Expenses 3,750.00 ------------ NET INCOME / LOSS FOR PERIOD 466,980.90 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 10 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 10 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 11/20/99 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 10 From : 10/01/99 To : 10/31/99
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- September Operating Expenses PCM, Inc. $ 10,085.00 $ 10,085.00 ============ TOTAL MISCELLANEOUS OPERATING EXPENSES $ 10,085.00
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 010 FUND IV, LTD FOR THE PERIOD FROM: 100199 JAMES J. JOSEPH, TO: 103199 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-557-0001 6704-559087 14-088-679 ------------ ------------ ----------- ------------ A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,025,039.98 807,573.03 654,976.41 4,645,767.84 ------------ ------------ ------------ ------------ B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,023,428.75 0.00 654,976.41 993,664.58 ------------ ------------ ----------- ------------ C. Beginning Balance. . . . . . . . . . . . . . . 1,611.23 807,573.03 0.00 3,652,103.26 ============ ============ =========== ============ D. Receipts During Current Period Per Attached Schedule. . . . . . . . 2,238.77 3,230.29 0.00 486,437.61 Total Receipts . . . . . . . . . . . 2,238.77 3,230.29 0.00 486,437.61 ------------ ------------ ----------- ------------ E. Balance Available. . . . . . . . . . . . . . . 3,850.00 810,803.32 0.00 4,138,540.87 ------------ ------------ ----------- ------------ F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 3,750.00 0.00 0.00 12,323.77 Total Disbursements. . . . . . . . . 3,750.00 0.00 0.00 12,323.77 ============ ============ =========== ============ G. Ending Balance 100.00 810,803.32 0.00 4,126,217.10 ============ ============ =========== ============ H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 10,085.00 ============ ============ =========== ============ ACCOUNT CLOSED 03/01/99
I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-557-0001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679 BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 11/20/99 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 010 DISBURSEMENTS FOR THE PERIOD FROM: 100199 TO: 103199 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- U.S. TRUSTEE 3RD QUARTER FEE 3,750.00 10014 10/28/99 ---------- TOTAL 3,750.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 010 RECEIPTS FOR THE PERIOD FROM: 100199 TO: 103199 30-Day C.D. Account #426-557-0001 AMOUNT - -------------------------------------------------------------------- 10/25 - IMPERIAL BANK INTEREST 3,230.29
----------- TOTAL 3,230.29 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 010 DISBURSEMENTS FOR THE PERIOD FROM: 100199 TO: 103199 30-Day C.D. Account # 426-557-0001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 010 RECEIPTS FOR THE PERIOD FROM: 100199 TO: 103199 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 010 DISBURSEMENTS FOR THE PERIOD FROM: 100199 TO: 103199 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------- ---------- TOTAL 0.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 010 RECEIPTS FOR THE PERIOD FROM: 100199 TO: 103199 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ------------------------------------------------------------------------------------------ 10/11 - PARTNERSHIP RESERVE AUGUST 1999 COLLECTION SHARE 303,047.06 10/12 - PCM WIRE ACCOUNT FIRST NAT'L ACCEPTANCE SALE 973.43 10/13 - PCM OPERATING CHARLES CHLAN SALE SHARE 2,101.06 10/21 - PCM WIRE ACCOUNT LEGAL ACQUISITION PRTNRS SALE 129,131.96 10/26 - PCM WIRE ACCOUNT CONSOLIDATION USA SALE 3,164.53 10/27 - PCM WIRE ACCOUNT DJC INC SALE 34,779.13 10/31 - IMPERIAL BANK INTEREST 13,240.44 ------------ TOTAL 486,437.61 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 010 DISBURSEMENTS FOR THE PERIOD FROM: 100199 TO: 103199 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------------------ PCM OPERATING SEPTEMBER OPERATING EXPENSES 10,085.00 TSF 10/20/99 PAM IV OPERATING TRANSFER FOR UST CHECK 2,238.77 TSF 10/29/99 ---------- TOTAL 12,323.77 ==========
EX-99.11 13 doc12.txt
EXHIBIT 99.11 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 11 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 11/01/99 to 11/30/99 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 3,044,419.05 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 3,044,419.05 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 3,044,419.05 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 144,769.41 ------------ Total Operating Expenses 144,769.41 ------------ Net Gain / Loss from Business Operations 2,899,649.64 ------------ B. Not Related to Business Operations Income : Interest Income 21,612.10 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 21,612.10 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD 2,921,261.74 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 11 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 11 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 12/21/99 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 11 From : 11/01/99 To : 11/30/99
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- Bond Premium Share VCS $ 30,021.51 $ 30,021.51 October Operating Expenses PCM $ 10,085.00 $ 10,085.00 July-Oct Management Fees PDI $ 34,707.00 $ 34,707.00 Chase Manhattan Portfolio Purchase PAM Fund Purchase Acct $ 24,862.00 $ 24,862.00 Chase Manhattan Portfolio Purchase PAM Fund Purchase Acct $ 14,032.45 $ 14,032.45 Chase Manhattan Portfolio Purchase PAM Fund Purchase Acct $ 31,061.45 $ 31,061.45 ============ TOTAL MISCELLANEOUS OPERATING EXPENSES $ 144,769.41
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 011 FUND IV, LTD FOR THE PERIOD FROM: 110199 JAMES J. JOSEPH, TO: 113099 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-557-0001 6704-559087 14-088-679 ------------ ------------ ----------- ------------ A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,027,278.75 810,803.32 654,976.41 5,132,205.45 ------------ ------------ ------------ ------------ B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,027,178.75 0.00 654,976.41 1,005,988.35 ------------ ------------ ----------- ------------ C. Beginning Balance. . . . . . . . . . . . . . . 100.00 810,803.32 0.00 4,126,217.10 ============ ============ =========== ============ D. Receipts During Current Period Per Attached Schedule. . . . . . . . 0.00 3,243.21 0.00 3,062,787.94 Total Receipts . . . . . . . . . . . 0.00 3,243.21 0.00 3,062,787.94 ------------ ------------ ----------- ------------ E. Balance Available. . . . . . . . . . . . . . . 100.00 814,046.53 0.00 7,189,005.04 ------------ ------------ ----------- ------------ F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 144,769.41 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 144,769.41 ============ ============ =========== ============ G. Ending Balance 100.00 814,046.53 0.00 7,044,235.63 ============ ============ =========== ============ H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 144,769.41 ============ ============ =========== ============ ACCOUNT CLOSED 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-557-0001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 12/21/99 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 011 RECEIPTS FOR THE PERIOD FROM: 110199 TO: 113099 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- ------------- TOTAL 0.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 011 DISBURSEMENTS FOR THE PERIOD FROM: 110199 TO: 113099 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 011 RECEIPTS FOR THE PERIOD FROM: 110199 TO: 113099 30-Day C.D. Account #4265-570-001 AMOUNT - -------------------------------------------------------------------- 11/23 - IMPERIAL BANK INTEREST 3,243.21
----------- TOTAL 3,243.21 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 011 DISBURSEMENTS FOR THE PERIOD FROM: 110199 TO: 113099 30-Day C.D. Account # 426-557-0001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 011 RECEIPTS FOR THE PERIOD FROM: 110199 TO: 113099 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 011 DISBURSEMENTS FOR THE PERIOD FROM: 110199 TO: 113099 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------- ---------- TOTAL 0.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 011 RECEIPTS FOR THE PERIOD FROM: 110199 TO: 113099 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ------------------------------------------------------------------------------------------ 11/01 - PCM WIRE ACCOUNT JACKSON CAPITAL SALE PROCEEDS 3,314.86 11/16 - PCM WIRE ACCOUNT DJC SALE PROCEEDS 826.29 11/16 - PCM WIRE ACCOUNT WACHTELL TRUST FUNDS 3,011,296.60 11/18 - PARTNERSHIP RESERVE 1ST USA BANK REFUND 28,981.30 11/30 - IMPERIAL BANK NOVEMBER INTEREST 18,368.89 ------------ TOTAL 3,062,787.94 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 011 DISBURSEMENTS FOR THE PERIOD FROM: 110199 TO: 113099 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------------------ VCS OPERATING BOND PREMIUM SHARE 30,021.51 TSF 11/02/99 PCM OPERATING OCTOBER OPERATING EXPENSES 10,085.00 TSF 11/12/99 PDI JULY - OCT MANAGEMENT FEES 34,707.00 TSF 11/19/99 PAM FUND PURCHASE ACCOUNT CHASE MANHATTAN PORTFOLIO 24,862.00 TSF 11/19/99 PAM FUND PURCHASE ACCOUNT CHASE MANHATTAN PORTFOLIO 14,032.45 TSF 11/30/99 PAM FUND PURCHASE ACCOUNT CHASE MANHATTAN PORTFOLIO 31,061.45 TSF 11/30/99 ---------- TOTAL 144,769.41 ==========
EX-99.12 14 doc13.txt
EXHIBIT 99.12 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 12 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 12/01/99 to 12/31/99 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 894,327.09 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 894,327.09 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 894,327.09 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 538,911.27 ------------ Total Operating Expenses 538,911.27 ------------ Net Gain / Loss from Business Operations 355,415.82 ------------ B. Not Related to Business Operations Income : Interest Income 31,738.92 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 31,738.92 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD 387,154.74 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 12 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 12 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 1/26/00 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 12 From : 12/01/99 To : 12/31/99
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- NLEX PURCHASE PAM FUND PURCHASE ACC $ 5,430.90 $ 5,430.90 ACQUISTION FEE FOR LOT#1151 PARTNERSHIP RESERVE $ 543.09 $ 543.09 ACQUISTION FEE FOR LOT#43-N PARTNERSHIP RESERVE $ 1,403.24 $ 1,403.24 ACQUISTION FEE FOR LOT#43-G PARTNERSHIP RESERVE $ 3,106.14 $ 3,106.14 PROFESSIONAL FEES VCS OPERATING $ 470,043.04 $ 470,043.04 CHASE MANHATTAN PORT. PURCHASE PAM FUND PURCHASE ACC $ 18,032.53 $ 18,032.53 CHASE MANHATTAN PORT. PURCHASE PAM FUND PURCHASE ACC $ 16,660.41 $ 16,660.41 CHASE MANHATTAN PORT. PURCHASE PAM FUND PURCHASE ACC $ 20,023.53 $ 20,023.53 ACQUISTION FEE FOR LOT#30-S & 43-Q PCM $ 3,668.39 $ 3,668.39 ============ TOTAL MISCELLANEOUS OPERATING EXPENSES $ 538,911.27
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 012 FUND IV, LTD FOR THE PERIOD FROM: 120199 JAMES J. JOSEPH, TO: 123199 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-557-0001 6704-559087 14-088-679 ------------ ------------ ----------- ------------ A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,027,278.75 814,046.53 654,976.41 8,194,993.39 ------------ ------------ ------------ ------------ B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,027,178.75 0.00 654,976.41 1,150,757.76 ------------ ------------ ----------- ------------ C. Beginning Balance. . . . . . . . . . . . . . . 100.00 814,046.53 0.00 7,044,235.63 ============ ============ =========== ============ D. Receipts During Current Period Per Attached Schedule. . . . . . . . 0.00 3,256.19 0.00 922,809.82 Total Receipts . . . . . . . . . . . 0.00 3,256.19 0.00 922,809.82 ------------ ------------ ----------- ------------ E. Balance Available. . . . . . . . . . . . . . . 100.00 817,302.72 0.00 7,967,045.45 ------------ ------------ ----------- ------------ F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 538,911.27 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 538,911.27 ============ ============ =========== ============ G. Ending Balance 100.00 817,302.72 0.00 7,428,134.18 ============ ============ =========== ============ H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 0.00 538,911.27 ============ ============ =========== ============ ACCOUNT CLOSED 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-557-0001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 1/26/00 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 012 RECEIPTS FOR THE PERIOD FROM: 12019 TO: 123199 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- ------------- TOTAL 0.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 012 DISBURSEMENTS FOR THE PERIOD FROM: 12019 TO: 123199 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 012 RECEIPTS FOR THE PERIOD FROM: 12019 TO: 123199 30-Day C.D. Account #4265-570-001 AMOUNT - -------------------------------------------------------------------- 12/23 - IMPERIAL BANK INTEREST FOR DECEMBER 3,256.19
----------- TOTAL 3,256.19 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 012 DISBURSEMENTS FOR THE PERIOD FROM: 12019 TO: 123199 30-Day C.D. Account # 426-557-0001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 012 RECEIPTS FOR THE PERIOD FROM: 12019 TO: 123199 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 012 DISBURSEMENTS FOR THE PERIOD FROM: 12019 TO: 123199 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------- ---------- TOTAL 0.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 012 RECEIPTS FOR THE PERIOD FROM: 12019 TO: 123099 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ------------------------------------------------------------------------------------------ 12/01-PCM TSF FOR EXPRESS COLLECTIONS PORTFOLIO SALE 2,146.41 12/07-PCM PORTFOLIO SALE 34,956.15 12/09-DJC,INC. PORTFOLIO PURCHASE 79,790.32 12/09-PARTNERSHIP RESERVE 1999 SEPT. COLLECTION SHARE 305,755.70 12/10-PARTNERSHIP RESERVE CHICAGO TITLE DEPOSIT 101,823.85 12/17-FIRST NAT'L ACCEPTANCE PORTFOLIO PURCHASE 1,099.40 12/17-JACKSON CAPITAL, INC. PORTFOLIO PURCHASE 4,608.56 12/20-DJC, INC. PORTFOLIO PURCHASE 19,891.32 12/28-PARTNERSHIP RESERVE OCTOBER 1999 COLLECTION SHARE 288,696.70 12/29-WIRE ACCOUNT INTERGRATED SERVICES GROUP 4,967.28 12/29-WIRE ACCOUNT PROFESSIONAL RECOVERY SERVICES 50,591.40 12/31-IMPERIAL BANK DECEMBER INTEREST 28,482.73 ------------ TOTAL 922,809.82 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 012 DISBURSEMENTS FOR THE PERIOD FROM: 12019 TO: 123199 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------------------------ PAM FUND PURCHASE ACCOUNT NLEX PURCHASE 5,430.90 TSF 12/06/99 PARTNERSHIP RESERVE AQUISTION FEE FOR LOT# 1151 543.09 TSF 12/10/99 PARTNERSHIP RESERVE AQUISTION FEE FOR PORTFOLIO# 43-N 1,403.24 TSF 12/10/99 PARTNERSHIP RESERVE AQUISTION FEE FOR PORTFOLIO# 43-G 3,106.14 TSF 12/10/99 VCS OPERATING TRANSFER FOR PROFESSIONAL FEES 470,043.04 TSF 12/16/99 PAM FUND PURCHASE ACCOUNT CHASE MANHATTAN BANK PORTFOLIO PURCHASE 30-R 18,032.53 TSF 12/21/99 PAM FUND PURCHASE ACCOUNT CHASE MANHATTAN BANK PORTFOLIO PURCHASE 43-Q 16,660.41 TSF 12/26/99 PAM FUND PURCHASE ACCOUNT CHASE MANHATTAN BANK PORTFOLIO PURCHASE 30-S 20,023.53 TSF 12/26/99 PCM OPERATING AQUSITION FEE FOR PORTFOLIO# 30-S & 43-Q 3,668.39 TSF 12/26/99 ---------- TOTAL 538,911.27 ==========
EX-99.13 15 doc14.txt
EXHIBIT 99.13 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 13 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 01/01/00 to 01/31/00 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 279,170.08 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 279,170.08 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 279,170.08 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 0.00 ------------ Total Operating Expenses 0.00 ------------ Net Gain / Loss from Business Operations 279,170.08 ------------ B. Not Related to Business Operations Income : Interest Income 31,521.32 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 31,521.32 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 3,750.00 ------------ Total Non-Operating Expenses 3,750.00 ------------ NET INCOME / LOSS FOR PERIOD 306,941.40 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 13 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 12 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 2/16/00 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 13 From : 01/01/00 To : 01/31/00
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- ============
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 013 FUND IV, LTD FOR THE PERIOD FROM: 010100 JAMES J. JOSEPH, TO: 013100 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-557-0001 6704-559087 14-088-679 ------------ ------------ ----------- ------------ A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,027,278.75 817,302.72 654,976.41 9,117,803.21 ------------ ------------ ------------ ------------ B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,027,178.75 0.00 654,976.41 1,689,669.03 ------------ ------------ ----------- ------------ C. Beginning Balance. . . . . . . . . . . . . . . 100.00 817,302.72 0.00 7,428,134.18 ============ ============ =========== ============ D. Receipts During Current Period Per Attached Schedule. . . . . . . . 3,750.00 3,269.21 0.00 307,422.19 Total Receipts . . . . . . . . . . . 3,750.00 3,269.21 0.00 307,422.19 ------------ ------------ ----------- ------------ E. Balance Available. . . . . . . . . . . . . . . 3,850.00 820,571.93 0.00 7,735,556.37 ------------ ------------ ----------- ------------ F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 3,750.00 0.00 0.00 3,750.00 Total Disbursements. . . . . . . . . 3,750.00 0.00 0.00 3,750.00 ============ ============ =========== ============ G. Ending Balance 100.00 820,571.93 0.00 7,731,806.37 ============ ============ =========== ============ H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 0.00 3,750.00 ============ ============ =========== ============ ACCOUNT CLOSED 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-557-0001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 2/16/00 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 013 RECEIPTS FOR THE PERIOD FROM: 010100 TO: 013100 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- 01/27-MONEYMARKET TRANSFER FOR A/P 3,750.00 ------------- TOTAL 3,750.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 013 DISBURSEMENTS FOR THE PERIOD FROM: 010100 TO: 013100 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------- US TRUSTEE QUARTER #4 FEE 3,750.00 10015 01/27/00 ---------- TOTAL 3,750.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 013 RECEIPTS FOR THE PERIOD FROM: 010100 TO: 013100 30-Day C.D. Account #4265-570-001 AMOUNT - -------------------------------------------------------------------- 01/22-IMPERIAL BANK JANUARY INTEREST 3,269.21
----------- TOTAL 3,269.21 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 013 DISBURSEMENTS FOR THE PERIOD FROM: 010100 TO: 013100 30-Day C.D. Account # 426-557-0001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 013 RECEIPTS FOR THE PERIOD FROM: 010100 TO: 013100 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 013 DISBURSEMENTS FOR THE PERIOD FROM: 010100 TO: 013100 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------- ---------- TOTAL 0.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 013 RECEIPTS FOR THE PERIOD FROM: 010100 TO: 013100 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ------------------------------------------------------------------------------------------ 01/03-WIRE ACCOUNT DJC,INC. PORTFOLIO PURCHASE 1,284.51 01/13-WIRE ACCOUNT FIRST NATIONAL ACCEPTANCE 2,456.64 01/20-PARTNERSHIP RESERVE 1999 NOVEMBER COLLECTION SHARE 256,657.15 01/25-WIRE ACCOUNT FLORIDA ASSET MANAGEMENT PORFOLIO PURCHASE 1,293.37 01/25-WIRE ACCOUNT FLORIDA ASSET MANAGEMENT PORFOLIO PURCHASE 17,478.41 01/31-IMPERIAL BANK JANUARY INTEREST 28,252.11 ------------ TOTAL 307,422.19 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 013 DISBURSEMENTS FOR THE PERIOD FROM: 010100 TO: 013100 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------------------------- OPERATING TRANSFER FOR A/P 3,750.00 TSF 01/27/00 ---------- TOTAL 3,750.00 ==========
EX-99.14 16 doc15.txt
EXHIBIT 99.14 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 14 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 02/01/00 to 02/29/00 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 241,167.14 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 241,167.14 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 241,167.14 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 0.00 ------------ Total Operating Expenses 0.00 ------------ Net Gain / Loss from Business Operations 241,167.14 ------------ B. Not Related to Business Operations Income : Interest Income 30,557.66 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 30,557.66 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD 271,724.80 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 14 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 14 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 3/27/00 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 14 From : 02/01/00 To : 02/29/00
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- ============
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 014 FUND IV, LTD FOR THE PERIOD FROM: 020100 JAMES J. JOSEPH, TO: 022900 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------ A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,031,028.75 820,571.93 654,976.41 9,425,225.40 ------------ ------------ ------------ ------------ B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,030,928.75 0.00 654,976.41 1,693,419.13 ------------ ------------ ----------- ------------ C. Beginning Balance. . . . . . . . . . . . . . . 100.00 820,571.93 0.00 7,731,806.27 ============ ============ =========== ============ D. Receipts During Current Period Per Attached Schedule. . . . . . . . 0.00 3,282.28 0.00 1,092,406.57 Total Receipts . . . . . . . . . . . 0.00 3,282.28 0.00 1,092,406.57 ------------ ------------ ----------- ------------ E. Balance Available. . . . . . . . . . . . . . . 100.00 823,854.21 0.00 8,824,212.84 ------------ ------------ ----------- ------------ F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 823,854.21 0.00 73,641.77 Total Disbursements. . . . . . . . . 0.00 823,854.21 0.00 73,641.77 ============ ============ =========== ============ G. Ending Balance 100.00 0.00 0.00 8,750,571.07 ============ ============ =========== ============ H. Disbursements for Quarterly Fees . . . . . . . 0 0.00 0.00 73,641.77 ============ ============ =========== ============ ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 3/27/00 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 014 RECEIPTS FOR THE PERIOD FROM: 020100 TO: 022900 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- ------------- TOTAL 0.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 014 DISBURSEMENTS FOR THE PERIOD FROM: 020100 TO: 022900 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------- ---------- TOTAL 0.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 014 RECEIPTS FOR THE PERIOD FROM: 020100 TO: 022900 30-Day C.D. Account #4265-570-001 AMOUNT - -------------------------------------------------------------------- 02/22-IMPERIAL BANK FEBRUARY INTEREST 3,282.28
----------- TOTAL 3,282.28 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 014 DISBURSEMENTS FOR THE PERIOD FROM: 020100 TO: 022900 30-Day C.D. Account # 426-570-001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------- PAM IV(MONEYMARKET) TRSFER TO CLOSE ACCOUNT 823,854.21 TSF 02/22/00 ---------- TOTAL 823,854.21 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 014 RECEIPTS FOR THE PERIOD FROM: 020100 TO: 022900 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 014 DISBURSEMENTS FOR THE PERIOD FROM: 020100 TO: 022900 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------- ---------- TOTAL 0.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 014 RECEIPTS FOR THE PERIOD FROM: 020100 TO: 022900 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ------------------------------------------------------------------------------------------ 02/11-PARTNERSHIP RESERVE 1999 DECEMBER COLLECTION SHARE 218,449.07 02/14-WIRE ACCOUNT PORTFOLIO PURCHASE 11,476.06 02/15-WIRE ACCOUNT PORTFOLIO SALE 2,613.20 02/22-PAM IV CD ACCOUNT TRANSFER TO CLOSE CD ACCOUNT 823,964.05 02/28-PERFORMANCE DEVELOPMENT TSF OF CHECK DEPOSITED 8,628.81 02/29-IMPERIAL BANK FEBRUARY INTEREST 27,275.38 ------------ TOTAL 1,092,406.57 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 014 DISBURSEMENTS FOR THE PERIOD FROM: 020100 TO: 022900 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------------------------- PCM PURCHASE ACCOUNT PORTFOLIO PURCHASE(404 RC 15485) 31,440.47 TSF 02/02/00 PCM PURCHASE ACCOUNT PORTFOLIO PURCHASE(606 RC 102690) 30,829.15 TSF 02/02/00 PCM OPERATING AQUISTION FEE FOR(404 RC 15485) 3,144.05 TSF 02/02/00 PCM OPERATING AQUISTION FEE FOR(606 RC 102690) 3,082.91 TSF 02/02/00 VCS OPERATING REIMB. OF EXPENSES TO EQUITY HOLDERS COMMITTE 2,531.72 TSF 02/08/00 VCSOPERATING TSF TO R. WOOLWORTH FOR COMMITTE EXP. REIMB. 127.27 TSF 02/14/00 PCM OPERATING AQUSITION FEE FOR CHASE PORTFOLIO 72-C 2,486.20 TSF 02/28/00 ---------- TOTAL 73,641.77 ==========
EX-99.15 17 doc16.txt
EXHIBIT 99.15 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 15 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 03/01/00 to 03/31/00 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 321,000.00 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 321,000.00 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 321,000.00 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 109,158.85 ------------ Total Operating Expenses 109,158.85 ------------ Net Gain / Loss from Business Operations 211,841.15 ------------ B. Not Related to Business Operations Income : Interest Income 31,707.50 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 31,707.50 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD 243,548.65 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 15 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 15 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 4/25/00 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 15 From : 03/01/00 To : 03/31/00
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- 1999 MANAGEMENT FEE FOR PERFORMANCE 20,929.40 20,929.40 PERFORMANCE DEVELOPMENT DEVELOPMENT 1999 COLLECTION EXPENSES TO PCM 82,229.45 82,229.45 PERFORMANCE CAPITAL MANAGEMENT ============ TOTAL 82,229.45
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 015 FUND IV, LTD FOR THE PERIOD FROM: 030100 JAMES J. JOSEPH, TO: 033100 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,031,028.75 823,854.21 654,976.41 10,517,631.97 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,030,928.75 823,854.21 654,976.41 1,767,060.90 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 8,750,571.07 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 109,158.85 0.00 0.00 352,861.49 Total Receipts . . . . . . . . . . . 109,158.85 0.00 0.00 352,861.49 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 109,258.85 0.00 0.00 9,103,432.56 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 109,158.85 0.00 0.00 200,122.82 Total Disbursements. . . . . . . . . 109,158.85 0.00 0.00 200,122.82 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 8,903,309.74 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 109,158.85 0.00 0.00 0.00 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $23,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 4/25/00 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 015 RECEIPTS FOR THE PERIOD FROM: 030100 TO: 033100 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- 03/02-MONEYMARKET TRANSFER FOR A/P 20,929.40 03/02-MONEYMARKET TRANSFER FOR A/P 88,229.45 ------------- TOTAL 109,158.85 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 015 DISBURSEMENTS FOR THE PERIOD FROM: 030100 TO: 033100 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- PERFORMANCE DEVELOPMENT 1999 MANAGEMENT FEE TO PDI 20,929.40 10016 03/02/00 PCM (OPERATING) 1999 COLLECTION EXPENSES TO PCM 88,229.45 10017 03/02/00 ----------- TOTAL 109,158.85 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 015 RECEIPTS FOR THE PERIOD FROM: 030100 TO: 033100 30-Day C.D. Account #4265-570-001 AMOUNT - -------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 015 DISBURSEMENTS FOR THE PERIOD FROM: 030100 TO: 033100 30-Day C.D. Account # 426-570-001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 015 RECEIPTS FOR THE PERIOD FROM: 030100 TO: 033100 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 015 DISBURSEMENTS FOR THE PERIOD FROM: 030100 TO: 033100 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------- ---------- TOTAL 0.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 015 RECEIPTS FOR THE PERIOD FROM: 030100 TO: 033100 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - -------------------------------------------------------------------------------------------- 03/09-WIRE ACCOUNT PORTFOLIO DISTRIBUTION(ASSET CAPITAL COLL.) 19,323.69 03/10-WIRE ACCOUNT PORTFOLIO DISTRIBUTION(DJC,INC.) 1,384.40 03/13-PARTNERSHIP RESERVE JANUARY 1999 COLLECTION SHARE 289,504.99 03/15-PERFORMANCE DEVELOPMENT TSF RE:FINAL SETTLEMENT WITH PAM FUND TRUSTEE 8,301.00 03/20-WIRE ACCOUNT PORTFOLIO DISTRIBUTION(HAYT,HAYT & LANDAU) 2,639.91 03/31-IMPERIAL BANK MARCH INTEREST 31,707.50 ------------ TOTAL 352,861.49 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 015 DISBURSEMENTS FOR THE PERIOD FROM: 030100 TO: 030100 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------------------------ PAM FUND PURCHASE ACCOUNT CHASE PORTFOLIO PURCHASE #90-2 33,685.60 TSF 03/02/00 PCM OPERATING AQUISTION FEE FOR CHASE PORT. PURCHASE #90-2 3,368.56 TSF 03/02/00 OPERATING TRANSFER FOR A/P 20,929.40 TSF 03/02/00 OPERATING TRANSFER FOR A/P 88,229.45 TSF 03/02/00 PERFORMANCE DEVELOPMENT TSF FOR RENEWAL OF BUSINESS LICENSE 50.00 TSF 03/06/00 PCM OPERATING TSF FOR FEBRUARY COUPON BOOKS 35,523.65 TSF 03/16/00 PAM FUND PURCHASE ACCOUNT PORTFOLIO PURCHASE #90-3 16,669.24 TSF 03/28/00 PCM OPERATING ACQUISITION FEE FOR PORTFOLIO PURCHASE#90-3 1,666.92 TSF 03/28/00 ---------- TOTAL 200,122.82 ==========
EX-99.16 18 doc17.txt
EXHIBIT 99.16 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 16 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 04/01/00 to 04/30/00 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 252,562.71 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 252,562.71 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 252,562.71 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 46,583.37 ------------ Total Operating Expenses 46,583.37 ------------ Net Gain / Loss from Business Operations 205,979.34 ------------ B. Not Related to Business Operations Income : Interest Income 31,627.98 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 31,627.98 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD 237,607.32 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 16 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 16 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 5/26/00 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 16 From : 04/01/00 To : 04/30/00
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- PORTFOLIO PURCHASE 390-4 PAM FUND PURCHASE $ 23,624.23 $ 23,624.23 AQUISTION FEE FOR #90-4 PCM(OPERATING) $ 2,362.42 $ 2,362.42 1/00 MANAGEMENT FEES PERFORMANCE $ 10,460.72 $ 10,460.72 DEVELOPMENT(MM) 2/00 MANAGEMENT FEES PERFORMANCE $ 10,136.00 $ 10,136.00 DEVELOPMENT(MM) ============ TOTAL 46,583.37
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 016 FUND IV, LTD FOR THE PERIOD FROM: 040100 JAMES J. JOSEPH, TO: 043000 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,140,287.60 823,854.21 654,976.41 10,870,493.46 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,140,187.60 823,854.21 654,976.41 1,967,183.72 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 8,903,309.74 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 284,190.69 Total Receipts . . . . . . . . . . . 0.00 0.00 0.00 284,190.69 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,187,500.43 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 46,583.37 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 46,583.37 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,140,917.06 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 0.00 46,583.37 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 5/26/00 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 016 RECEIPTS FOR THE PERIOD FROM: 040100 TO: 043000 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- ------------- TOTAL 0.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 016 DISBURSEMENTS FOR THE PERIOD FROM: 040100 TO: 043000 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 016 RECEIPTS FOR THE PERIOD FROM: 040100 TO: 043000 30-Day C.D. Account #4265-570-001 AMOUNT - --------------------------------------------------------------------
----------- TOTAL 0.00 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 016 DISBURSEMENTS FOR THE PERIOD FROM: 040100 TO: 043000 30-Day C.D. Account # 426-570-001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 016 RECEIPTS FOR THE PERIOD FROM: 040100 TO: 043000 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 016 DISBURSEMENTS FOR THE PERIOD FROM: 040100 TO: 043000 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------- ---------- TOTAL 0.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 016 RECEIPTS FOR THE PERIOD FROM: 040100 TO: 043000 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - -------------------------------------------------------------------------------------------- 04/04-SUSPENSE ACCOUNT CHASE BUYBACK OF 02/18/00 4,334.32 04/10-PARTNERSHIP RESERVE FEB. 2000 COLLECTION SHARE 238,781.52 04/10-WIRE ACCOUNT ERIN SERVICES WIRE DISTRIBUTION 9,446.87 04/30-IMPERIAL BANK APRIL INTEREST 31,627.98 ------------ TOTAL 284,190.69 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 016 DISBURSEMENTS FOR THE PERIOD FROM: 040100 TO: 043000 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ----------------------------------------------------------------------------------------------------------------- PAM FUND PURCHASE PORTFOLIO PURCHASE #90-4 23,624.23 TSF 04/17/00 PCM OPERATING AQUISTION FEEE FOR #90-4 2,362.42 TSF 04/17/00 PERFORMANCE DEVELOPMENT(MONEYMARKET) 1/00 MANAGEMENT FEES 10,460.72 TSF 04/17/00 PERFORMANCE DEVELOPMENT(MONEYMARKET) 2/00 MANAGEMENT FEES 10,136.00 TSF 04/26/00 ---------- TOTAL 46,583.37 ==========
EX-99.17 19 doc18.txt
EXHIBIT 99.17 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 17 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 05/01/00 to 05/31/00 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 67,043.54 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 67,043.54 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 67,043.54 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 10,553.35 ------------ Total Operating Expenses 10,553.35 ------------ Net Gain / Loss from Business Operations 56,490.19 ------------ B. Not Related to Business Operations Income : Interest Income 31,131.77 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 31,131.77 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 1,250.00 ------------ Total Non-Operating Expenses 1,250.00 ------------ NET INCOME / LOSS FOR PERIOD 86,371.96 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 17 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 17 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 6/22/00 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 17 From : 05/01/00 To : 05/31/00
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- RE:BOND PREMIUM PAYRMENT FROM PCM(OPERATING) $ 3,718.17 $ 3,718.17 PAM TRUSTS COLLECTION COSTS FOR PCM(OPERATING) $ 6,835.18 $ 6,835.18 MARCH 2000 ============= TOTAL 10,553.35
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 017 FUND IV, LTD FOR THE PERIOD FROM: 050100 JAMES J. JOSEPH, TO: 053100 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,140,287.60 823,854.21 654,976.41 11,154,684.15 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,140,187.60 823,854.21 654,976.41 2,013,767.09 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,140,917.06 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 1,250.00 0.00 0.00 100,175.31 Total Receipts . . . . . . . . . . . 1,250.00 0.00 0.00 100,175.31 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 1,350.00 0.00 0.00 9,241,092.37 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 1,250.00 0.00 0.00 11,803.35 Total Disbursements. . . . . . . . . 1,250.00 0.00 0.00 11,803.35 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,229,289.02 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 1,250.00 0.00 0.00 0.00 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 6/22/00 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 017 RECEIPTS FOR THE PERIOD FROM: 050100 TO: 053100 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- 05/19-MONEYAMRKET TRANSFER FOR A/P 1,250.00 ------------- TOTAL 1,250.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 017 DISBURSEMENTS FOR THE PERIOD FROM: 050100 TO: 053100 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------- US TRUSTEE QUARTER# 1 2000 1,250.00 10018 05/19/00 ----------- TOTAL 1,250.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 017 RECEIPTS FOR THE PERIOD FROM: 050100 TO: 053100 30-Day C.D. Account #4265-570-001 AMOUNT - --------------------------------------------------------------------
----------- TOTAL 0.00 =========== CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 017 DISBURSEMENTS FOR THE PERIOD FROM: 050100 TO: 053100 30-Day C.D. Account # 426-570-001 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------- --------- TOTAL 0.00 ========= CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 STATEMENT NUMBER: 017 RECEIPTS FOR THE PERIOD FROM: 050100 TO: 053100 MONEY MARKET ACCOUNT 6704-559087 AMOUNT - ----------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND IV CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 017 DISBURSEMENTS FOR THE PERIOD FROM: 050100 TO: 053100 MONEY MARKET ACCOUNT 6704-559087 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------- ---------- TOTAL 0.00 ==========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 017 RECEIPTS FOR THE PERIOD FROM: 050100 TO: 053100 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - -------------------------------------------------------------------------------------------- 05/09-WIRE ACCOUNT PRS PORFOLIO PURCHASE 37,507.03 05/09-WIRE ACCOUNT DJC, INC. PORFOLIO PURCHASE 961.17 05/09-WIRE ACCOUNT DJC, INC. PORFOLIO PURCHASE 13,394.34 05/09-WIRE ACCOUNT AMERIACN NATIONAL CORP. PORT. PURCHASE 1,093.17 05/09-WIRE ACCOUNT FIRST NATIONAL ACCEPTANCE PORT. PURCHASE 1,064.13 05/19-SUSPENSE ACCOUNT CHASE MANHATTAN BUYBACK 276.88 05/22-SUSPENSE ACCOUNT CHASE MANHATTAN BUYBACK 3,667.77 05/22-SUSPENSE ACCOUNT CHASE MANHATTAN BUYBACK 4,334.29 05/22-WIRE ACCOUNT FIRST NATIONAL ACCEPTANCE COMPANY PORT. PUR. 4,744.76 05/31-IMPERIAL BANK MAY INTEREST 33,131.77 ------------ TOTAL 100,175.31 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 017 DISBURSEMENTS FOR THE PERIOD FROM: 050100 TO: 050100 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------------------------- PCM(OPERATING) RE: BOND PREMIUM PAYMENT FROM PAM TRUSTS 3,718.17 TSF 05/08/00 MONEYMARKET TRANSFER FOR A/P 1,250.00 TSF 05/19/00 PCM(OPERATING) COLLECTION COSTS FOR MARCH 2000 6,835.18 TSF 05/25/00 ---------- TOTAL 11,803.35 ==========
EX-99.18 20 doc19.txt
EXHIBIT 99.18 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 18 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 06/01/00 to 06/30/00 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 58,742.87 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 58,742.87 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 58,742.87 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 800.00 ------------ Total Taxes 800.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 0.00 ------------ Total Operating Expenses 800.00 ------------ Net Gain / Loss from Business Operations 57,942.87 ------------ B. Not Related to Business Operations Income : Interest Income 32,304.75 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 32,304.75 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD 90,247.62 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 18 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 18 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 7/19/00 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 18 From : 06/01/00 To : 06/30/00
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- ============= TOTAL 0.00
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 018 FUND IV, LTD FOR THE PERIOD FROM: 060100 JAMES J. JOSEPH, TO: 063000 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,141,537.60 823,854.21 654,976.41 11,254,859.46 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,141,437.60 823,854.21 654,976.41 2,025,570.44 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,229,289.02 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 800.00 0.00 0.00 91,047.62 Total Receipts . . . . . . . . . . . 800.00 0.00 0.00 91,047.62 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 900.00 0.00 0.00 9,320,336.64 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 800.00 0.00 0.00 18,723.18 Total Disbursements. . . . . . . . . 800.00 0.00 0.00 18,723.18 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,301,613.46 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 800.00 0.00 0.00 0.00 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 7/19/00 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 018 RECEIPTS FOR THE PERIOD FROM: 060100 TO: 063000 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- 06/26-MONEYAMRKET TRANSFER FOR A/P 800.00 ------------- TOTAL 800.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 018 DISBURSEMENTS FOR THE PERIOD FROM: 060100 TO: 063000 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------- FRANCHISE TAX BOARD 1999 TAX YEAR 800.00 10019 06/23/00 ----------- TOTAL 800.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 018 RECEIPTS FOR THE PERIOD FROM: 060100 TO: 063000 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - -------------------------------------------------------------------------------------------- 06/08-WIRE ACCOUNT FIRST NATIONAL ACCEP. PORTFOLIO DIST. 2,764.84 06/09-WIRE ACCOUNT PRS PORTFOLIO DISTRIBUTION 40,077.76 06/22-WIRE ACCOUNT DJC, INC. PORTFOLIO DISTRIBUTION 3,558.40 06/29-PCM(SUSPENSE) ACCOUNT TSF OF CHASE MANHATTAN BUYBACK# 01991788 104.50 06/29-WIRE ACCOUNT FA MANAGEMENT PORTFOLIO DISTRIBUTION 10,459.94 06/29-PCM(SUSPENSE) ACCOUNT TSF OF CHASE MANHATTAN BUYBACK# 01982038 1,777.43 06/30-IMPERIAL BANK JUNE INTEREST 32,304.75 ------------ TOTAL 91,047.62 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 018 DISBURSEMENTS FOR THE PERIOD FROM: 060100 TO: 063000 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------------------------- PCM(OPERATING) TSF. FOR REIMB. OF COLL. COSTS FOR MAY 2000 17,923.18 TSF 06/13/00 MONEYMARKET TRANSFER FOR A/P 800.00 TSF 06/26/00 ---------- TOTAL 18,723.18 ==========
EX-99.19 21 doc20.txt
EXHIBIT 99.19 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 19 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 07/01/00 to 07/31/00 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 21,373.38 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 21,373.38 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 21,373.38 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 800.00 ------------ Total Taxes 800.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 97,354.45 ------------ Total Operating Expenses 98,154.45 ------------ Net Gain / Loss from Business Operations (76,781.07) ------------ B. Not Related to Business Operations Income : Interest Income 33,543.51 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 33,543.51 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD (43,237.56) ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 19 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 19 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ==========================================================================================================
I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee and his professionals are presently working on a motion to allocate among debtors. Pending that, all entries on this Operating Statement are for information only. Date: 8/22/00 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 19 From : 07/01/00 To : 07/31/00
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- JUNE 2000 COLLECTION COST PCM(OPERATING) $ 7,721.93 $ 7,721.93 REIMBURSEMENT PAM FUND PURCHASE $ 64,632.52 $ 64,632.52 RE: DOWNPAYMENT FOR DAVOX ACCOUNT DIALER SYSTEM PORTFOLIO PURCHASE #90-8 PAM FUND PURCHASE $ 25,000.00 $ 25,000.00 ACCOUNT ============= TOTAL 97,354.45
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 019 FUND IV, LTD FOR THE PERIOD FROM: 070100 JAMES J. JOSEPH, TO: 073100 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,142,337.60 823,854.21 654,976.41 11,345,907.08 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,142,237.60 823,854.21 654,976.41 2,044,293.62 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,301,613.46 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 54,916.89 Total Receipts . . . . . . . . . . . 0.00 0.00 0.00 54,916.89 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,356,530.35 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 97,354.45 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 97,354.45 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,259,175.90 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 0.00 97,354.45 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 8/22/00 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 019 RECEIPTS FOR THE PERIOD FROM: 070100 TO: 073100 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- ------------- TOTAL 0.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 019 DISBURSEMENTS FOR THE PERIOD FROM: 070100 TO: 073100 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 019 RECEIPTS FOR THE PERIOD FROM: 070100 TO: 073100 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - -------------------------------------------------------------------------------------------- 07/06-WIRE ACCOUNT PORTFOLIO DISTRIBUTION FOR DJC. INC (6/30/00) 4,523.72 07/11-WIRE ACCOUNT PORTFOLIO DISTRIBUTION FOR 1ST NAT. ACCEP. CO. 3,488.51 07/11-WIRE ACCOUNT PORFOLIO DISTRIBUTION FOR CAMCO 12,077.40 07/17-WIRE ACCOUNT PORTFOLIO DISTRIBUTION FOR DJC INC.(7/10/00) 1,283.75 07/31-IMPERIAL BANK JULY INTEREST 33,543.51 ------------ TOTAL 54,916.89 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 019 DISBURSEMENTS FOR THE PERIOD FROM: 070100 TO: 073100 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------------------------- PCM(OPERATING) JUNE 2000 COLLECTION COSTS REIMBURSEMENT 7,721.93 TSF 07/24/00 PAM FUND PURCHASE ACCOUNT RE: DOWNPAYMENT FOR DAVOX DIALER SYSTEM 64,632.52 TSF 07/25/00 PAM FUND PURCHASE ACCOUNT PORTFOILIO PURCHASE # 90-8 RE: PAM II 25,000.00 TSF 07/24/00 ---------- TOTAL 97,354.45 ==========
EX-99.20 22 doc21.txt
EXHIBIT 99.20 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 20 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 08/01/00 to 08/31/00 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 994,294.81 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 994,294.81 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 994,294.81 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 281,166.87 ------------ Total Operating Expenses 281,166.87 ------------ Net Gain / Loss from Business Operations 713,127.94 ------------ B. Not Related to Business Operations Income : Interest Income 34,795.01 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 34,795.01 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 500.00 ------------ Total Non-Operating Expenses 500.00 ------------ NET INCOME / LOSS FOR PERIOD 747,422.95 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 20 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 20 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 9/22/00 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 20 From : 08/01/00 To : 08/31/00
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- A/P FOR D.BARNHIZER VISION(OPERATING) $ 826.11 $ 826.11 REVERSE TSF OF PORFOLIO/DJC,INC. PCM(WIRE ACCOUNT) $ 4,413.19 $ 4,413.19 EXCESS DISTRIBUTION TO PAMS PARTNERSHIP RESERVE $ 151,059.01 $ 151,059.01 RECONCILIATION/'OUTSTANDING PARTNERSHIP RESERVE $ 79,253.22 $ 79,253.22 INVOICES TO PAM PORTFOLIO PURCHASE #90-9 PAM FUND PURCHASE ACC $ 36,292.12 $ 36,292.12 ACQUISITION FEE FOR #90-9 PCM(OPERATING) $ 3,629.21 $ 3,629.21 REIMBURSABLE COLL. COSTS PCM(OPERATING) $ 5,694.01 $ 5,694.01 ============= TOTAL 281,166.87
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 020 FUND IV, LTD FOR THE PERIOD FROM: 080100 JAMES J. JOSEPH, TO: 083100 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,142,337.60 823,854.21 654,976.41 11,400,823.97 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,142,237.60 823,854.21 654,976.41 2,141,648.07 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,259,175.90 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 500.00 0.00 0.00 1,029,089.82 Total Receipts . . . . . . . . . . . 500.00 0.00 0.00 1,029,089.82 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 600.00 0.00 0.00 10,288,265.72 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 500.00 0.00 0.00 281,666.87 Total Disbursements. . . . . . . . . 500.00 0.00 0.00 281,666.87 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 10,006,598.85 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 500.00 0.00 0.00 281,166.87 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 9/22/00 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 020 RECEIPTS FOR THE PERIOD FROM: 080100 TO: 083100 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- MONEYMARKET TRANSFER FOR A/P 500.00 ------------- TOTAL 500.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 020 DISBURSEMENTS FOR THE PERIOD FROM: 080100 TO: 083100 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------- U.S. TRUSTEE QUARTER#2,2000 PAYMENT 500.00 10020 08/09/00 ----------- TOTAL 500.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 020 RECEIPTS FOR THE PERIOD FROM: 080100 TO: 083100 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ---------------------------------------------------------------------------------------------- 08/03-WIRE ACCOUNT PORTFOLIO DISTRIBUTION RE: DJC. INC 4,413.19 08/03-WIRE ACCOUNT PORTFOLIO DISTRIBUTION RE: CREDIT MANAGEMENT C 1,253.38 08/07-SUSPENSE ACCOUNT CHASE MANHATTAN BUYBACK SPLIT(#02040545) 1,515.86 08/08-WIRE ACCOUNT PORTFOLIO DISTRIBUTION RE: FIRST NATIONAL ACCEP 2,269.68 08/11-PARTNERSHIP RESERVE RECONCILIATION OF OUTSTANDING INVOICES TO PAM 770,577.35 08/21-WIRE ACCOUNT PORTFOLIO DISTRIBUTION RE: DJC, INC. 4,413.19 08/28-PARTNERSHIP RESERVE JULY 2000 COLLECTION SHARE 206,472.61 08/28-SUSPENSE ACCOUNT CHASE MANHATTAN BUYBACK SPLIT(#02079123) 3,379.55 08/31-IMPERIAL BANK AUGUST INTEREST 34,795.01 ------------ TOTAL 1,029,089.82 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 020 DISBURSEMENTS FOR THE PERIOD FROM: 080100 TO: 083100 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------------------------- VISION(OPERATING) TSF FOR A/P RE : DAVID BARNHIZER 826.11 TSF 08/01/00 WIRE ACCOUNT REVERSE TSF OF PORTFOLIO PURCHASE FOR DJC, INC. 4,413.19 TSF 08/08/00 OPERATING TRANSFER FOR A/P 500.00 TSF 08/10/00 PARTNERSHIP RESERVE EXCESS DISBURSEMENT TO THE PAMS 151,059.01 TSF 08/10/00 PARTNERSHIP RESERVE RECONCILIATION OF OUTSTANDING INVOICES TO PAM 79,253.22 TSF 08/11/00 PAM FUND PURCHASE ACCOUNT PORTFOLIO PURCHASE #90-9 36,292.12 TSF 08/23/00 OPERATING ACQUISITION FEE FORN#90-9 3,629.21 TSF 08/23/00 PCM(OPERATING) REIMBURSABLE COLLECTION COSTS 5,694.01 TSF 08/28/00 ---------- TOTAL 281,666.87 ==========
EX-99.21 23 doc22.txt
EXHIBIT 99.21 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 21 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 09/01/00 to 09/30/00 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 235,158.73 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 235,158.73 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 253,158.73 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 171,234.39 ------------ Total Operating Expenses 171,234.39 ------------ Net Gain / Loss from Business Operations 81,924.34 ------------ B. Not Related to Business Operations Income : Interest Income 35,058.35 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 35,058.35 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD 116,982.69 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 21 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 21 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 10/29/00 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 21 From : 09/01/00 To : 09/30/00
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- PAM FUND REIMBURSEMENTS PERFORMANCE CAPITAL $ 12,811.00 $ 12,811.00 MANAGEMENT(OPERATING) ACQUSITION FEE FOR PORTFOLIO#90-A PERFORMANCE CAPITAL $ 3,163.97 $ 3,163.97 MANAGEMENT(OPERATING) PORTFOLIO PURCHASE# 90-A PERFORMANCE CAPITAL $ 31,639.78 $ 31,639.78 MANAGEMENT(PAM FUND ACCT) RE: FINAL PAYMENT ON DAVOX PERFORMANCE CAPITAL $ 123,619.64 $ 123,619.64 DIALER SYSTEM MANAGEMENT(PAM FUND ACCT) ============= TOTAL 171,234.39
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 021 FUND IV, LTD FOR THE PERIOD FROM: 090100 JAMES J. JOSEPH, TO: 093000 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,142,837.60 823,854.21 654,976.41 12,429,913.79 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,142,737.60 823,854.21 654,976.41 2,423,314.94 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 10,006,598.85 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 288,217.08 Total Receipts . . . . . . . . . . . 0.00 0.00 0.00 288,217.08 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 100.00 0.00 0.00 10,294,815.93 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 171,234.39 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 171,234.39 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 10,123,581.54 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 0.00 171,234.39 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 10/27/00 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 021 RECEIPTS FOR THE PERIOD FROM: 090100 TO: 093000 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- ------------- TOTAL 0.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 021 DISBURSEMENTS FOR THE PERIOD FROM: 090100 TO: 093000 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 021 RECEIPTS FOR THE PERIOD FROM: 090100 TO: 093000 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - --------------------------------------------------------------------------------------------- 09/08-SUSPENSE ACCOUNT FIRST NATIONAL ACCEPTANCE 1,682.43 09/08-SUSPENSE ACCOUNT DJC, INC. 1,677.84 09/08-SUSPENSE ACCOUNT HARRISON ASSET MANAGEMENT, INC. 9,365.67 09/14-WIRE ACCOUNT HARRISON ASSET MANAGEMENT, INC. 6,131.33 09/21-SUSPENSE ACCOUNT CHASE MANHATTAN BUYBACK SPLIT #2102951 7,015.48 09/25-PARTNERSHIP RESERVE AUGUST 2000 COLLECTION COSTS 227,285.98 09/30-IMPERIAL BANK SEPTEMBER 2000 INTEREST 35,058.35 ------------ TOTAL 288,217.08 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 021 DISBURSEMENTS FOR THE PERIOD FROM: 090100 TO: 093000 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------------------------- PCM(OPERATING) RE: PAM FUND REIMBURSEMENTS 12,811.00 TSF 09/19/00 PCM(PAM FUND PURCHASE ACCOUNT) PORTFOLIO PURCHASE FOR #90-4 31,639.78 TSF 09/25/00 PCM(OPERATING) ACQUSITION FEE FOR PORTFOLIO #90-A 3,163.97 TSF 09/25/00 PCM(PAM FUND PURCHASE ACCOUNT) TSF FOR FINAL PAYMENT ON DAVOX DIALER SYSTEM 123,619.64 TSF 09/27/00 ---------- TOTAL 171,234.39 ==========
EX-99.22 24 doc23.txt
EXHIBIT 99.22 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 22 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 10/01/00 to 10/31/00 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 300,260.90 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 300,260.90 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 300,260.90 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 706,859.38 ------------ Total Operating Expenses 706,859.38 ------------ Net Gain / Loss from Business Operations (406,598.48) ------------ B. Not Related to Business Operations Income : Interest Income 35,926.55 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 35,926.55 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 3,750.00 ------------ Total Non-Operating Expenses 3,750.00 ------------ NET INCOME / LOSS FOR PERIOD (374,421.93) ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 22 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 22 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 11/22/00 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 22 From : 10/01/00 To : 10/31/00
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------- --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------- --------------------------- -------------- ------------- GALEWICK SETTLEMENT PCM(PAM FUND PURCHASE $ 525,635.00 $ 525,635.00 COLLECTION COSTS 09/00 PCM(OPERATING) $ 4,526.64 $ 4,526.64 2ND PART 09/00 & 10/30 COLLECTION COS PCM(OPERATING) $ 4,429.47 $ 4,429.47 PORTFOLIO PURCHASE# 1070 & 1070 PCM(PAM FUND PURCHASE $ 22,807.10 $ 22,807.10 PORFOLIO PURCHASE# 1074 PCM(PAM FUND PURCHASE $ 11,048.57 $ 11,048.57 PORTFOLIO PURCHASE# 1051 PCM(PAM FUND PURCHASE $ 28,656.28 $ 28,656.28 01/99 TO 07/00 REC. MGMT FEES PERFORMANCE DEVELOPM $ 74,232.13 $ 74,232.13 PORTFOLIO PURCHASE# 90-B PCM(PAM FUND PURCHASE $ 27,499.28 $ 27,499.28 ACQUISITION FEE# 90-B PCM(OPERATING) $ 2,749.93 $ 2,749.93 TRANFER FOR A/P PCM(OPERATING) $ 5,274.98 $ 5,274.98 ============= TOTAL 706,859.38
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 022 FUND IV, LTD FOR THE PERIOD FROM: 100100 JAMES J. JOSEPH, TO: 103100 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,142,837.60 823,854.21 654,976.41 12,718,130.87 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,142,737.60 823,854.21 654,976.41 2,594,549.33 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 10,123,581.54 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 3,750.00 0.00 0.00 336,187.45 Total Receipts . . . . . . . . . . . 3,750.00 0.00 0.00 336,187.45 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 3,850.00 0.00 0.00 10,459,768.99 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 3,750.00 0.00 0.00 710,609.38 Total Disbursements. . . . . . . . . 3,750.00 0.00 0.00 710,609.38 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,749,159.61 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 3,750.00 0.00 0.00 706,859.38 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 11/22/00 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 022 RECEIPTS FOR THE PERIOD FROM: 100100 TO: 103100 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- 10/20-MONEYMARKET TRANSFER FOR A/P 3,750.00 ------------- TOTAL 3,750.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 022 DISBURSEMENTS FOR THE PERIOD FROM: 100100 TO: 103100 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------- U.S. TRUSTEE 3RD QUARTER PAYMENT 3,750.00 10021 10/20/00 ----------- TOTAL 3,750.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 022 RECEIPTS FOR THE PERIOD FROM: 100100 TO: 103100 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ---------------------------------------------------------------------------------------------- 10/02-WIRE ACCOUNT DJC, INC. (09/29/00) 734.47 10/02-SUSPENSE ACCOUNT CHASE BUYBACK SPLIT # 02127657 168.83 10/02-SUSPENSE ACCOUNT CHASE BUYBACK SPLIT # 02127625 57.05 10/03-WIRE ACCOUNT FIRST NATIONAL ACCEPTANCE (10/02/00) 618.06 10/04-WIRE ACCOUNT DJC, INC. (10/03/00) 538.50 10/06-WIRE ACCOUNT HARRISON ASSET MANAGEMENT (10/05/00) 7,824.74 10/11-WIRE ACCOUNT CAMCO (10/10/00) 53,588.51 10/17-WIRE ACCOUNT DJC, INC.(10/16/00) 9,469.16 10/17-PCM(COLLECTION) TSF OF FUNDS/ CHASE MANHATTAN BUYBACK# 02155571 1,086.63 10/23-PARTNERSHIP RESERVE SEPTEMBER 2000 COLLECTION SHARE 224,919.57 10/29-WIRE ACCOUNT DJC, INC.(10/26/00) 1,255.38 10/31-IMPERIAL BANK OCTOBER 2000 INTEREST 35,926.55 ------------ TOTAL 336,187.45 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 022 DISBURSEMENTS FOR THE PERIOD FROM: 100100 TO: 103100 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------------------------------- PCM(OPERATING) TRANSFER FOR A/P 5,274.98 TSF 10/03/00 PCM(PAM FUND PURCHASE ACCOUNT) TSF RE: GALEWICK SETTLEMENT 525,635.00 TSF 10/17/00 OPERATING TRANSFER FOR A/P 3,750.00 TSF 10/20/00 PCM(OPERATING) REIMBURSEMNET FOR COLLECTION COSTS 09/00 4,526.64 TSF 10/25/00 PCM(OPERATING) FOR THE MONTH OF 09/30 PART32 & 10/00 COLL. COSTS 4,429.47 TSF 10/27/00 PCM(PAM FUND PURCHASE ACCOUNT) RE: PORTFOLIO PURCHASE # 1070 & 1071 22,807.10 TSF 10/27/00 PCM(PAM FUND PURCHASE ACCOUNT) RE: PORFOLIO PURCHASE # 1074 11,048.57 TSF 10/27/00 PCM(PAM FUND PURCHASE ACCOUNT) RE: PORTFOLIO PURCHASE # 1051 28,656.28 TSF 10/27/00 PERFORMANCE DEVELOPMENT JAN.99 TO JULY 2000 RECONCILATION MGMT. FEES 74,232.13 TSF 10/29/00 PCM(PAM FUND PURCHASE ACCOUNT) RE: PORTFOLIO PURCHASE #90-B 27,499.28 TSF 10/31/00 PCM(OPERATING) ACQUISTION FEE FOR PORFOLIO # 90-B 2,749.93 TSF 10/31/00 ---------- TOTAL 710,609.38 ==========
EX-99.23 25 doc24.txt
EXHIBIT 99.23 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 23 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 11/01/00 to 11/30/00 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 197,526.07 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 197,526.07 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 197,526.07 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 0.00 ------------ Total Operating Expenses 0.00 ------------ Net Gain / Loss from Business Operations 197,526.07 ------------ B. Not Related to Business Operations Income : Interest Income 33,190.41 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 33,190.41 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD 230,716.48 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 23 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 23 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 12/26/00 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 23 From : 11/01/00 To : 11/30/00
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------ --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------ --------------------------- -------------- ------------- 3RD APPROVED FEE APPLICATION VISION(OPERATING) $ 131,481.57 $ 131,481.57 --------------------------- 3RD APPROVED FEES & COSTS VISION(OPERATING) $ 191,443.43 $ 191,443.43 GALEWICK LEGAL REIMBURSEMENT PAM FUND PURCHASE ACC $ 8,299.50 $ 8,299.50 ADJUST COLL.RE:08/00,09/00 & 10/00 PCM(OPERATING) $ 45,220.56 $ 45,220.56 ACQUISITION FEE PORT#1074 PCM(OPERATING) $ 1,104.85 $ 1,104.85 ACQUISITION FEE PORT#1070 & 1071 PCM(OPERATING) $ 2,280.71 $ 2,280.71 ACQUISITION FEE PORT#1051 PCM(OPERATING) $ 2,865.62 $ 2,865.62 PORTFOLIO PURCHASE# 1131 PAM FUND PURCHASE ACC $ 24,789.05 $ 24,789.05 ACQUISITION FEE PORT#1131 PCM(OPERATING) $ 2,478.90 $ 2,478.90 --------------------------- 3RD APPROVED FEES & COSTS VISION(OPERATING) $ 70,460.07 $ 70,460.07 PCM RECEIVABLES FOR 10/31/00 PCM(OPERATING) $ 10,428.77 $ 10,428.77 ============= TOTAL 490,853.03
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 023 FUND IV, LTD FOR THE PERIOD FROM: 110100 JAMES J. JOSEPH, TO: 113000 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,146,587.60 823,854.21 654,976.41 13,054,318.32 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,146,487.60 823,854.21 654,976.41 3,305,158.71 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,749,159.61 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 230,716.48 Total Receipts . . . . . . . . . . . 0.00 0.00 0.00 230,716.48 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,979,876.09 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 490,853.03 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 490,853.03 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,489,023.06 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 0.00 490,853.03 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 12/26/00 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 023 RECEIPTS FOR THE PERIOD FROM: 110100 TO: 113000 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- ------------- TOTAL 0.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 023 DISBURSEMENTS FOR THE PERIOD FROM: 110100 TO: 113000 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 023 RECEIPTS FOR THE PERIOD FROM: 110100 TO: 113000 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - --------------------------------------------------------------------------------------------- 11/06-PCM(COLLECTION) COLLECTION ITEM 976.08 11/06-PCM(COLLECTION) COLLECTION ITEM 680.20 11/15-SUSPENSE ACCOUNT CHASE MANHATTAN BUYBACK SPLIT# 2196211 1,497.35 11/17-PCM(PARTNERSHIP RESERVE) OCTOBER 2000 COLLECTION SHARE 192,004.59 11/27-WIRE ACCOUNT HARRISON ASSET MANAGEMENT SPLIT(11/22/00) 2,367.85 11/30-IMPERIAL BANK NOVEMBER 2000 INTEREST 33,190.41 ------------ TOTAL 230,716.48 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 023 DISBURSEMENTS FOR THE PERIOD FROM: 110100 TO: 113000 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------------------------- VISION(OPERATING) 3RD APPROVED FEE APPLICATION 131,481.57 TSF 11/03/00 VISION(OPERATING) TSF RE:3RD INTERIM APPROVED FEES AND COSTS 191,443.43 TSF 11/06/00 PAM FUND PURCHASE ACCOUNT TSF RE: GALEWICK LEGAL REIMBURSEMENT 8,299.50 TSF 11/08/00 PCM(OPERATING) ADJUST. COLL RE:08/00,09/00 & 10/00 45,220.56 TSF 11/14/00 PCM(OPERATING) ACQUISITION FEES RE: PORTFOLIO# 1074 1,104.85 TSF 11/14/00 PCM(OPERATING) ACQUISITION FEES RE: PORTFOLIO# 1070 & 1071 2,280.71 TSF 11/14/00 PCM(OPERATING) ACQUISITION FEES RE: PORTFOLIO# 1051 2,865.62 TSF 11/14/00 PAM FUND PURCHASE ACCOUNT RE: PORTFOLIO PURCHASE # 1131 24,789.05 TSF 11/16/00 PCM(OPERATING) ACQUISITION FEES RE: PORTFOLIO# 1131 2,478.90 TSF 11/16/00 VISION(OPERATING) 3RD APPROVED FEES AND COSTS FOR PCM 70,460.07 TSF 11/22/00 PCM(OPERATING) PCM RECEIVABLES FOR 10/31/00 10,428.77 TSF 10/31/00 ---------- TOTAL 490,853.03 ==========
EX-99.24 26 doc25.txt
EXHIBIT 99.24 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 24 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 12/01/00 to 12/31/00 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 166,271.58 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 166,271.58 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 166,271.58 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 369,608.29 ------------ Total Operating Expenses 369,608.29 ------------ Net Gain / Loss from Business Operations (203,336.71) ------------ B. Not Related to Business Operations Income : Interest Income 33,972.39 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 33,972.39 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD (169,364.32) ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 24 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 24 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/98 $ 0.00 $ 250.00 01/27/99 $ 250.00 10001 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 1/24/01 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 24 From : 12/01/00 To : 12/31/00
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------- --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------- --------------------------- -------------- ------------- PORTFOLIO PURCHASE# B112700 PCM(PAM FUND PURCHASE $ 8,580.98 $ 8,580.98 PORTFOLIO PURCHASE# A112700 PCM(PAM FUND PURCHASE $ 17,706.18 $ 17,706.18 ACQUSITION FEE FOR # B112700 PCM(OPERATING) $ 858.09 $ 858.09 ACQUSITION FEE FOR # A112700 PCM(OPERATING) $ 1,770.61 $ 1,770.61 PORTFOLIO PURCHASE# 1290 PCM(PAM FUND PURCHASE $ 248,442.05 $ 248,442.05 ACQUSITION FEE FOR # 1290 PCM(OPERATING) $ 24,844.20 $ 24,844.20 MANAGEMENT RECEIVABLES FOR 11/30/00 PCM(OPERATING) $ 5,049.34 $ 5,049.34 RENEWAL FOR ANNUAL PREMIUM BOND VISION(OPERATING) $ 62,356.84 $ 62,356.84 --------------------------- ============= TOTAL 369,608.29
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 024 FUND IV, LTD FOR THE PERIOD FROM: 120100 JAMES J. JOSEPH, TO: 123100 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,146,587.60 823,854.21 654,976.41 13,285,034.80 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,146,487.60 823,854.21 654,976.41 3,796,011.74 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,489,023.06 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 200,243.97 Total Receipts . . . . . . . . . . . 0.00 0.00 0.00 200,243.97 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,689,267.03 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 369,608.29 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 369,608.29 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,319,658.74 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 0.00 369,658.74 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $12,000,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 1/24/01 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 024 RECEIPTS FOR THE PERIOD FROM: 120100 TO: 123100 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- ------------- TOTAL 0.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 024 DISBURSEMENTS FOR THE PERIOD FROM: 120100 TO: 123100 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 024 RECEIPTS FOR THE PERIOD FROM: 120100 TO: 123100 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ---------------------------------------------------------------------------------------------- 12/07-PCM(SUSPENSE ACCOUNT) CHASE MANHATTAN BUYBACK# 2224281 535.90 12/21-PCM(PARTNERSHIP RESERVE) NOVEMBER 2000 COLLECTION SHARE 162,530.74 12/26-PCM(SUSPENSE ACCOUNT) CHASE MANHATTAN BUYBACK SPLIT# 2246060 2,326.22 12/28-PCM(WIRE ACCOUNT RE: PORTFOLIO SPLIT OF HAYT(12/21/00) 878.72 12/31-IMPERIAL BANK DECEMBER 2000 INTEREST 33,972.39 ------------ TOTAL 200,243.97 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 024 DISBURSEMENTS FOR THE PERIOD FROM: 120100 TO: 123100 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------------------------------- PCM(PAM FUND PURCHASE ACCOUNT) RE: PORTFOLIO PURCHASE# B112700 8,580.98 TSF 12/01/00 PCM(PAM FUND PURCHASE ACCOUNT) RE: PORTFOLIO PURCHASE# A112700 17,706.18 TSF 12/01/00 PCM(OPERATING ACCOUNT) RE: ACQUISITION FEE FOR # B112700 858.09 TSF 12/01/00 PCM(OPERATING ACCOUNT) RE: ACQUISITION FEE FOR# A112700 1,770.61 TSF 12/01/00 PCM(PAM FUND PURCHASE ACCOUNT) RE: PORTFOLIO PURCHASE# 1290 248,442.05 TSF 12/21/00 PCM(OPERATING ACCOUNT) RE: ACQUISITION FEE FOR # 1290 24,844.20 TSF 12/21/00 PCM(OPERATING ACCOUNT) MANAGEMENT RECEIVABLES FOR THE MONTH OF 11/30 5,049.34 TSF 12/21/00 VISION(OPERATING) RE: RENEWAL OF ANNUAL PREMIUM BOND FOR VISION 62,356.84 TSF 12/26/00 ---------- TOTAL 369,608.29 ==========
EX-99.25 27 doc26.txt
EXHIBIT 99.25 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 25 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 01/01/01 to 01/31/01 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 2,945.85 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 2,945.85 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 2,945.85 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 269,730.60 ------------ Total Operating Expenses 269,730.60 ------------ Net Gain / Loss from Business Operations (266,784.75) ------------ B. Not Related to Business Operations Income : Interest Income 32,105.19 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 32,105.19 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 3,750.00 ------------ Total Non-Operating Expenses 3,750.00 ------------ NET INCOME / LOSS FOR PERIOD (238,429.56) ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 25 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 25 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/00 $ 1,571,000.00 $ 3,750.00 01/31/00 $ 3,750.00 10022 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 2/25/01 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 25 From : 01/01/01 To : 01/31/01
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------- --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------- --------------------------- -------------- ------------- PORTFOLIO PURCHASE OF# 130 & 131 PCM(PAM FUND PURCHASE $ 232,897.46 $ 232,897.46 ACQUISITION FEE# 130 & 131 PCM(OPERATING) $ 23,289.74 $ 23,289.74 TSF FOR WILLOUGHBY SETTLEMENT PCM(OPERATING) $ 6,917.50 $ 6,917.50 REIMBURSEMENT FEE FOR 12/31/00 PCM(OPERATING) $ 6,625.90 $ 6,625.90 COLLECTION COSTS --------------------------- ============= TOTAL 269,730.60
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 025 FUND IV, LTD FOR THE PERIOD FROM: 010101 JAMES J. JOSEPH, TO: 013101 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,146,587.60 823,854.21 654,976.41 13,485,278.77 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,146,487.60 823,854.21 654,976.41 4,165,620.03 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,319,658.74 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 3,750.00 0.00 0.00 35,051.04 Total Receipts . . . . . . . . . . . 3,750.00 0.00 0.00 35,051.04 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 3,850.00 0.00 0.00 9,354,709.78 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 3,750.00 0.00 0.00 273,480.60 Total Disbursements. . . . . . . . . 3,750.00 0.00 0.00 273,480.60 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,081,229.18 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 3,750.00 0.00 0.00 9,077,479.18 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $17,500,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 2/25/01 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 025 RECEIPTS FOR THE PERIOD FROM: 010101 TO: 013101 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- 01/31-MONEYMARKET TRANSFER FOR A/P 3,750.00 ------------- TOTAL 3,750.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 025 DISBURSEMENTS FOR THE PERIOD FROM: 010101 TO: 013101 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------- U.S. TRUSTEE QUARTER# 4 3,750.00 10022 01/31/01 ----------- TOTAL 3,750.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 025 RECEIPTS FOR THE PERIOD FROM: 010101 TO: 013101 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ---------------------------------------------------------------------------------------------- 01/08-PCM(SUSPENSE) CHASE MANHATTAN BUYBACK# 02252891 2,945.85 01/31-IMPERIAL BANK JANUARY 2001 INTEREST 32,105.19 ------------ TOTAL 35,051.04 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 025 DISBURSEMENTS FOR THE PERIOD FROM: 010101 TO: 013101 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------------------------------- PCM(PAM FUND PURCHASE ACCOUNT) TSF OF FUNDS TO PURCHASE PORTFOLIO# 130 & 131 232,897.46 TSF 01/15/01 PCM(OPERATING) AQUSITION FEES FOR PORTFOLIO# 130 & 131 23,289.74 TSF 01/15/01 PCM(OPERATING) TRANSFER FOR WILLOUGHBY SETTLEMENT 6,917.50 TSF 01/15/01 PCM(OPERATING) REIMBURSEMENT FOR COLLECTION COSTS FOR 12/31/00 6,625.90 TSF 01/17/01 OPERATING TRANSFER FOR A/P 3,750.00 TSF 01/31/01 ---------- TOTAL 273,480.60 ==========
EX-99.26 28 doc27.txt
EXHIBIT 99.26 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 26 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 02/01/01 to 02/28/01 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 161,383.23 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 161,383.23 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 161,383.23 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 200,225.30 ------------ Total Operating Expenses 200,225.30 ------------ Net Gain / Loss from Business Operations (38,842.07) ------------ B. Not Related to Business Operations Income : Interest Income 27,274.10 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 27,274.10 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD (11,567.97) ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 26 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 26 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/00 $ 1,571,000.00 $ 3,750.00 01/31/01 $ 3,750.00 10022 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 3/20/01 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 26 From : 02/01/01 To : 02/28/01
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------- --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------- --------------------------- -------------- ------------- TSF OF FUNDS FOR PORTFOLIO PCM $ 177,975.41 $ 177,975.41 PURCHASE# 220 (PARTNERSHIP RESERVE) TSF FOR ACQUSITION FEES PCM(OPERATING) $ 17,797.54 $ 17,797.54 FOR PORT# 220 TSF FOR RECEIVABLES FOR 01/31/01 PCM(OPERATING) $ 4,452.35 $ 4,452.35 --------------------------- ============= TOTAL 200,225.30
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 026 FUND IV, LTD FOR THE PERIOD FROM: 020101 JAMES J. JOSEPH, TO: 022801 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,150,337.60 823,854.21 654,976.41 13,520,329.81 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,150,237.60 823,854.21 654,976.41 4,439,100.63 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,081,229.18 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 188,657.33 Total Receipts . . . . . . . . . . . 0.00 0.00 0.00 188,657.33 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,269,886.51 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 200,225.30 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 200,225.30 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,069,661.21 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 0.00 200,225.30 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $17,500,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 3/20/01 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 026 RECEIPTS FOR THE PERIOD FROM: 020101 TO: 022801 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- ------------- TOTAL 0.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 026 DISBURSEMENTS FOR THE PERIOD FROM: 020101 TO: 022801 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 026 RECEIPTS FOR THE PERIOD FROM: 020101 TO: 022801 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ---------------------------------------------------------------------------------------------- 02/02-PCM(SUSPENSE) TSF OF CHASE MANHATTAN BUYBACK# 235146 2,888.09 02/07-PCM(SUSPENSE) CHASE MANHATTAN BUYBACK SPLIT#2259443 1,339.71 02/12-PCM(SUSPENSE) CHASE MANHATTAN BUYBACK SPLIT#2279458 2,205.13 02/12-PCM(PARTNERSHIP RESERVE) DECEMBER 2000 COLLECTION SHARE 154,950.30 02/28-IMPERIAL BANK FEBRUARY 2001 INTEREST 27,274.10 ------------ TOTAL 188,657.33 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 026 DISBURSEMENTS FOR THE PERIOD FROM: 020101 TO: 022801 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------------------------------- PCM(PARTNERSHIP RESERVE) TSF OF FUNDS FOR PORTFOLIO PURCHASE# 220 177,975.41 TSF 02/12/01 PCM(OPERATING) TSF OF FUNDS FOR ACQUISTION FEES OF PORTFOLIO#220 17,797.54 TSF 02/12/01 PCM(OPERATING) TSF FOR RECEIVABLES FOR 01/31/01 4,452.35 TSF 02/21/01 ---------- TOTAL 200,225.30 ==========
EX-99.27 29 doc28.txt
EXHIBIT 99.27 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 27 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the Period From : 03/01/01 to 03/31/01 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 4,392.90 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 4,392.90 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 4,392.90 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 54,391.17 ------------ Total Operating Expenses 54,391.17 ------------ Net Gain / Loss from Business Operations (49,998.27) ------------ B. Not Related to Business Operations Income : Interest Income 26,901.28 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 26,901.28 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 1,250.00 ------------ Total Non-Operating Expenses 1,250.00 ------------ NET INCOME / LOSS FOR PERIOD (24,346.99) ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 27 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 27 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/00 $ 1,571.000.00 $ 3,750.00 01/31/01 $ 3,750.00 10022 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 4/24/01 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 27 From : 03/01/01 To : 03/31/01
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------- --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------- --------------------------- -------------- ------------- PORTFOLIO PURCHASE# 316 PCM(PAM FUND PURCHASE $ 48,445.69 $ 48,445.69 ACQUSISITION FEE FOR PORT# 316 PCM(OPERATING) $ 4,844.56 $ 4,844.56 TSF FOR POSTAGE FOR WHITMONT PCM(OPERATING) $ 1,100.92 $ 1,100.92 --------------------------- ============= TOTAL 54,391.17
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 027 FUND IV, LTD FOR THE PERIOD FROM: 030101 JAMES J. JOSEPH, TO: 033101 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,150,337.60 823,854.21 654,976.41 13,698,987.14 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,150,237.60 823,854.21 654,976.41 4,629,325.93 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,069,661.21 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 1,250.00 0.00 0.00 31,294.18 Total Receipts . . . . . . . . . . . 1,250.00 0.00 0.00 31,294.18 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 1,350.00 0.00 0.00 9,100,955.39 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 1,250.00 0.00 0.00 55,641.17 Total Disbursements. . . . . . . . . 1,250.00 0.00 0.00 55,641.17 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,045,314.22 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 1,250.00 0.00 0.00 54,391.17 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $17,500,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 4/24/01 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 027 RECEIPTS FOR THE PERIOD FROM: 030101 TO: 033101 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- 03/12-MONEYMARKET TRANSFER FOR A/P 1,250.00 ------------- TOTAL 1,250.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 027 DISBURSEMENTS FOR THE PERIOD FROM: 030101 TO: 033101 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- U.S. TRUSTEE REMAINING BALANCE OF 4TH QUARTER 1,250.00 10023 03/12/01 ----------- TOTAL 1,250.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 027 RECEIPTS FOR THE PERIOD FROM: 030101 TO: 033101 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ---------------------------------------------------------------------------------------------- 03/20-PCM(SUSPENSE) CHASE MANHATTAN BUYBACK# 02335924 605.45 03/20-PCM(SUSPENSE) CHASE MANHATTAN BUYBACK# 02331593 312.27 03/20-PCM(SUSPENSE) WELLS FARGO BUYBACK# 011816 957.50 03/20-PCM(SUSPENSE) WELLS FARGO BUYBACK# 112307 2,105.47 03/27-PCM(SUSPENSE) WELLS FARGO BUYBACK# 0144298 13.00 03/27-PCM(SUSPENSE) CHASE MANHATTAN BUYBACK# 02363548 399.21 03/31-IMPRIAL BANK MARCH 2001 INTEREST 26,901.28 ------------ TOTAL 31,294.18 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 027 DISBURSEMENTS FOR THE PERIOD FROM: 030101 TO: 033101 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------------------------------- PCM(PAM FUND PURCHASE ACCOUNT) PORTFOLIO PURCHASE# 316 48,445.69 TSF 03/12/01 PCM(OPERATING) ACQUISITION FEE FOR PORTFOLIO PURCHASE# 316 4,844.56 TSF 03/12/01 OPERATING TRANSFER FOR A/P 1,250.00 TSF 03/12/01 PCM(OPERATING) TRANSFER FOR POSTAGE OF WHITMONT 1,100.92 TSF 03/21/01 ---------- TOTAL 55,641.17 ==========
EX-99.28 30 doc29.txt
EXHIBIT 99.28 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 28 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the period From : 04/01/01 to 04/30/01 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 335,986.11 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 335,986.11 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 335,986.11 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 800.00 ------------ Total Taxes 800.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 228,054.03 ------------ Total Operating Expenses 228,854.03 ------------ Net Gain / Loss from Business Operations 107,132.08 ------------ B. Not Related to Business Operations Income : Interest Income 23,216.96 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 23,216.96 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD 130,349.04 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 28 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 28 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/00 $ 1,571,000.00 $ 3,750.00 01/31/01 $ 3,750.00 10022 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/99 $ 73,884.00 $ 500.00 04/21/99 $ 500.00 10006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 5/18/01 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 28 From : 04/01/01 To : 04/30/01
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------- --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------- --------------------------- -------------- ------------- COLLECTION COST REIMBURSEMENT PCM(OPERATING) $ 5,645.36 $ 5,645.36 FOR 02/28/01 PORTFOLIO PURCHASE# 435 PCM(PAM FUND PURCHASE $ 50,756.42 $ 50,756.42 ACQUISITIONFEE FOR # 435 PCM(OPERATING) $ 5,075.64 $ 5,075.64 PCM MANAGEMENT RECEIVABLES PCM(OPERATING) $ 5,536.22 $ 5,536.22 FOR 03/2001 TSF OF FUNDS FOR 2000 YEAR PCM(OPERATING) $ 591.16 $ 591.16 PORTFOLIO PURCHASE# 431 PCM(PAM FUND PURCHASE $ 145,862.94 $ 145,862.94 ACQUISITIONFEE FOR # 431 PCM(OPERATING) $ 14,586.29 $ 14,586.29 ============= TOTAL 228,054.03
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 028 FUND IV, LTD FOR THE PERIOD FROM: 040101 JAMES J. JOSEPH, TO: 043001 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,151,587.60 823,854.21 654,976.41 13,730,281.32 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,151,487.60 823,854.21 654,976.41 4,684,967.10 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,045,314.22 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 800.00 0.00 0.00 359,203.07 Total Receipts . . . . . . . . . . . 800.00 0.00 0.00 359,203.07 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 900.00 0.00 0.00 9,404,517.29 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 800.00 0.00 0.00 228,854.03 Total Disbursements. . . . . . . . . 800.00 0.00 0.00 228,854.03 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,175,663.26 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 800.00 0.00 0.00 228,054.03 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $17,500,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 5/18/01 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 028 RECEIPTS FOR THE PERIOD FROM: 040101 TO: 043001 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- 04/05-MONEYMARKET TRANSFER FOR A/P 800.00 ------------- TOTAL 800.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 028 DISBURSEMENTS FOR THE PERIOD FROM: 040101 TO: 043001 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------------- FRANCHISE TAX BOARD EXTENSION FOR LIMITED LIABILITY FOR 2000 800.00 10024 04/05/01 ----------- TOTAL 800.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 028 RECEIPTS FOR THE PERIOD FROM: 040101 TO: 043001 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ---------------------------------------------------------------------------------------------- 04/02-PCM(SUSPENSE) CHASE MANHATTAN BUYBACK SPLIT# 02385029 27.86 04/05-PCM(SUSPENSE) WELLS FARGO BUYBACK SPLIT# 0114667 11.00 04/09-PCM(PARTNERSHIP RESERVE) JANUARY 2001 COLLECTION SHARE 173,347.99 04/16-PCM(WIRE ACCOUNT) TSF OF HAIGHT,HAIGHT & LANDAU WIRE 3,227.81 04/30-PCM(PARTNERSHIP RESERVE) FEBRUARY 2001 COLLECTION SHARE 159,371.45 04/30-IMPERIAL BANK APRIL 2001 INTEREST 23,216.96 ------------ TOTAL 359,203.07 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 028 DISBURSEMENTS FOR THE PERIOD FROM: 040101 TO: 043001 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------------------------------- OPERATING TRANSFER FOR A/P 800.00 TSF 04/05/01 PCM(OPERATING) TSF FOR COLLECTION COST REIMB. FOR 02/28/01 5,645.36 TSF 04/09/01 PCM(PAM FUND PURCHASE ACCOUNT) PORTFOLIOPURCHASE# 435 50,756.42 TSF 04/14/01 PCM(OPERATING) ACQUISITION FEE FOR PORTFOLIO# 435 5,075.64 TSF 04/14/01 PCM(OPERATING) TSF FOR PCM MANAGEMENT RECEIVABLES FOR 03/2001 5,536.22 TSF 04/16/01 PCM(OPERATING) TSF OF FUNDS FOR YEAR 2000 INVESTOR K-1'S 591.16 TSF 04/16/01 PCM(PAM FUND PURCHASE ACCOUNT) PORTFOLIOPURCHASE# 431 145,862.94 TSF 04/25/01 PCM(OPERATING) ACQUISITION FEE FOR PORTFOLIO# 431 14,586.29 TSF 04/25/01 ---------- TOTAL 228,854.03 ==========
EX-99.29 31 doc30.txt
EXHIBIT 99.29 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 29 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the period From : 05/01/01 to 05/31/01 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 4,760.87 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 4,760.87 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 4,760.87 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 60,016.54 ------------ Total Operating Expenses 60,016.54 ------------ Net Gain / Loss from Business Operations (55,255.67) ------------ B. Not Related to Business Operations Income : Interest Income 20,557.16 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 20,557.16 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD (34,698.51) ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 29 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 29 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/00 $ 1,571,000.00 $ 3,750.00 01/31/01 $ 3,750.00 10022 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/01 $ 529,345.00 $ 3,750.00 03/24/01 $ 3,750.00 10025 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 6/18/01 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 29 From : 05/01/01 To : 05/31/01
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------- --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------- --------------------------- -------------- ------------- PORTFLIO PURCHASE# 518 PCM(PAM FUND PURCHASE $ 48,224.33 $ 48,224.33 ACQUSITION FEE# 518 PCM(OPERATING) $ 4,822.23 $ 4,822.23 TSF REIMB. /EQUITY COMMITEE PCM(OPERATING) $ 1,433.76 $ 1,433.76 RECEIVABLES/ FOR 03/31/01 PCM(OPERATING) $ 5,536.22 $ 5,536.22 ============= TOTAL 60,016.54
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 029 FUND IV, LTD FOR THE PERIOD FROM: 050101 JAMES J. JOSEPH, TO: 053101 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,152,387.60 823,854.21 654,976.41 14,089,484.39 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,152,287.60 823,854.21 654,976.41 4,913,821.13 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,175,663.26 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 3,750.00 0.00 0.00 25,318.03 Total Receipts . . . . . . . . . . . 3,750.00 0.00 0.00 25,318.03 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 3,850.00 0.00 0.00 9,200,981.29 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 3,750.00 0.00 0.00 63,766.54 Total Disbursements. . . . . . . . . 3,750.00 0.00 0.00 63,766.54 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,137,214.75 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 3,750.00 0.00 0.00 60,016.54 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $17,500,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 6/18/01 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 029 RECEIPTS FOR THE PERIOD FROM: 050101 TO: 053101 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- 05/24-MONEYMARKET TRANSFER FOR A/P 3,750.00 ------------- TOTAL 3,750.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 029 DISBURSEMENTS FOR THE PERIOD FROM: 050101 TO: 053101 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- U.S. TRUSTEE QUARTER# 1 PAYMENT 3,750.00 10025 05/24/01 ----------- TOTAL 3,750.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 029 RECEIPTS FOR THE PERIOD FROM: 050101 TO: 053101 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ---------------------------------------------------------------------------------------------- 05/03-PCM(SUSPENSE) CHASE MANHATTAN BUYBACK SPLIT# 02418859 17.52 05/22-PCM(SUSPENSE) CHASE MANHATTAN BUYBACK# 02441610 4,743.35 05/31-IMPERIAL BANK MAY 2001 INTEREST 20,557.16 ------------ TOTAL 25,318.03 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 029 DISBURSEMENTS FOR THE PERIOD FROM: 050101 TO: 053101 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------------------------------- PCM(PAM FUND PURCHASE ACCOUNT) PORTFOLIO PURCHASE# 518 48,224.33 TSF 05/17/01 PCM(OPERATING) ACQUISITION FEE FOR# 518 4,822.23 TSF 05/17/01 PCM(OPERATING) TSF FOR REIMB. FOR EQUITY COMMITTE 1,433.76 TSF 05/22/01 PCM(OPERATING) RECEIVABLES FOR THE MONTH OF 03/31/01 5,536.22 TSF 05/23/01 OPERATING TRANSFER FOR A/P 3,750.00 TSF 05/24/01 ---------- TOTAL 63,766.54 ==========
EX-99.30 32 doc31.txt
EXHIBIT 99.30 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 30 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the period From : 06/01/01 to 06/30/01 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 353,455.31 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 353,455.31 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 353,455.31 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 58,294.34 ------------ Total Operating Expenses 58,294.34 ------------ Net Gain / Loss from Business Operations 295,160.97 ------------ B. Not Related to Business Operations Income : Interest Income 16,697.89 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 16,697.89 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD 311,858.86 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 30 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 30 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/00 $ 1,571,000.00 $ 3,750.00 01/31/01 $ 3,750.00 10022 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/01 $ 529,345.00 $ 3,750.00 03/24/01 $ 3,750.00 10025 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 7/31/01 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 30 From : 06/01/01 To : 06/30/01
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------- --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------- --------------------------- -------------- ------------- PORTFOLIO PURCHASE# 675 PCM(PAM FUND PURCHASE $ 48,052.02 $ 48,052.02 ACQUISITION FEE FOR # 675 PCM(OPERATING) $ 4,805.20 $ 4,805.20 RECEIVABLES FOR THE MONTH OF 05/31/0 PCM(OPERATING) $ 5,437.12 $ 5,437.12 ============= TOTAL 58,294.34
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 030 FUND IV, LTD FOR THE PERIOD FROM: 060101 JAMES J. JOSEPH, TO: 063001 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,156,137.60 823,854.21 654,976.41 14,114,802.42 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,156,037.60 823,854.21 654,976.41 4,977,587.67 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,137,214.75 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 370,153.20 Total Receipts . . . . . . . . . . . 0.00 0.00 0.00 370,153.20 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,507,367.95 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 58,294.34 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 58,294.34 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,449,073.61 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 0.00 58,294.34 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $17,500,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 7/31/01 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 030 RECEIPTS FOR THE PERIOD FROM: 060101 TO: 063001 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- ------------- TOTAL 0.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 030 DISBURSEMENTS FOR THE PERIOD FROM: 060101 TO: 063001 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 030 RECEIPTS FOR THE PERIOD FROM: 060101 TO: 063001 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ---------------------------------------------------------------------------------------------- 06/07-PCM(SUSPENSE) CHASE MANHATTAN BUYBACK SPLIT# 02495475 251.44 06/12-PCM(COLLECTION) MARCH 2001 COLLECTION SHARE 184,992.76 06/18-PCM(COLLECTION) TSF OF BUYBACK RE:VISION NEVADA, INC. 813.99 06/30-PCM(PARTNERSHIP RESERVE) APRIL 2001 COLLECTION SHARE 167,397.12 06/30-IMPERIAL BANK JUNE 2001 INTERIMS 16,697.89 ------------ TOTAL 370,153.20 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 030 DISBURSEMENTS FOR THE PERIOD FROM: 060101 TO: 063001 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - --------------------------------------------------------------------------------------------------------------------- PCM(PAM FUND PURCHASE ACCOUNT) PORTFOLIO PURCHASE# 675 48,052.02 TSF 06/20/01 PCM(OPERATING) ACQUSITION FEE# 675 4,805.20 TSF 06/20/01 PCM(OPERATING) RECEIVABLES FOR MONTH OF 05/31/01 5,437.12 TSF 06/22/01 ---------- TOTAL 58,294.34 ==========
EX-99.31 33 doc32.txt
EXHIBIT 99.31 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 31 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the period From : 07/01/01 to 07/31/01 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 1,675.15 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 1,675.15 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 1,675.15 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 240,269.61 ------------ Total Operating Expenses 240,269.61 ------------ Net Gain / Loss from Business Operations (238,594.46) ------------ B. Not Related to Business Operations Income : Interest Income 17,511.37 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 17,511.37 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD (221,083.09) ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 31 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 31 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/00 $ 1,571,000.00 $ 3,750.00 01/31/01 $ 3,750.00 10022 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/01 $ 529,345.00 $ 3,750.00 03/24/01 $ 3,750.00 10025 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 8/29/01 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 31 From : 07/01/01 To : 07/31/01
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------- --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------- --------------------------- -------------- ------------- PORTFOLIO PURCHASE# 715 PCM(PAM FUND) $ 48,132.70 $ 48,132.70 ACQUSITION FEE FOR# 715 PCM(OPERATING) $ 4,813.27 $ 4,813.27 PORTFOLIO PUCAHSE# 711 & 712 PCM(PAM FUND) $ 166,936.17 $ 166,936.17 ACQUSITION FEE FOR# 711 & 712 PCM(OPERATING) $ 16,693.61 $ 16,693.61 RECEIVABLES FOR THE MONTH OF PCM(OPERATING) $ 3,693.86 $ 3,693.86 JUNE 30, 2001 ============= TOTAL 240,269.61
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 031 FUND IV, LTD FOR THE PERIOD FROM: 070101 JAMES J. JOSEPH, TO: 073101 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,156,137.60 823,854.21 654,976.41 14,469,944.25 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,156,037.60 823,854.21 654,976.41 5,050,893.38 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,449,073.61 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 19,186.52 Total Receipts . . . . . . . . . . . 0.00 0.00 0.00 19,186.52 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,468,260.13 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 240,269.61 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 240,269.61 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,227,990.52 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 0.00 240,269.61 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $17,500,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 8/29/01 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 031 RECEIPTS FOR THE PERIOD FROM: 070101 TO: 073101 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- ------------- TOTAL 0.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 031 DISBURSEMENTS FOR THE PERIOD FROM: 070101 TO: 073101 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 031 RECEIPTS FOR THE PERIOD FROM: 070101 TO: 073101 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ---------------------------------------------------------------------------------------------- 07/13-PCM(SUSPENSE) WELLS FARGO BUYBACK SPLIT# 0120512 7.65 07/13-PCM(SUSPENSE) WELLS FARGO BUYBACK SPLIT# 0120626 1,486.61 07/23-PCM(SUSPENSE) BUYBACK SPLIT 180.89 07/31-IMPERIAL BANK JULY 2001 INTEREST 17,511.37 ------------ TOTAL 19,186.52 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 031 DISBURSEMENTS FOR THE PERIOD FROM: 070101 TO: 073101 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------------------------------- PCM(PAM FUND PURCHASE ACCOUNT) PORTFOLIO PURCHASE# 715 48,132.70 TSF 07/17/01 PCM(OPERATING) ACQUSITION FEE FOR PORTFOLIO# 715 4,813.27 TSF 07/17/01 PCM(PAM FUND PURCHASE ACCOUNT) PORTFOLIO PURCHASE# 711 & 712 166,936.17 TSF 07/24/01 PCM(OPERATING) ACQUSITION FEE FOR PORTFOLIO# 711 & 712 16,693.61 TSF 07/24/01 PCM(OPERATING) RECEIVABLES FOR THE MONTH OF 06/30/01 3,693.86 TSF 07/30/01 ---------- TOTAL 240,269.61 ==========
EX-99.32 34 doc33.txt
EXHIBIT 99.32 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 32 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the period From : 08/01/01 to 08/31/01 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 169,600.78 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 169,600.78 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 169,600.78 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 95,056.93 ------------ Total Operating Expenses 95,056.93 ------------ Net Gain / Loss from Business Operations 74,543.85 ------------ B. Not Related to Business Operations Income : Interest Income 17,404.74 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 17,404.74 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 3,750.00 ------------ Total Non-Operating Expenses 3,750.00 ------------ NET INCOME / LOSS FOR PERIOD 88,198.59 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 32 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 32 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 06/30/01 $ 350,924.00 $ 3,750.00 08/08/01 $ 3,750.00 10026 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/01 $ 529,345.00 $ 3,750.00 03/24/01 $ 3,750.00 10025 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 9/27/01 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 32 From : 08/01/01 To : 08/31/01
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------- --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------- --------------------------- -------------- ------------- PORTFOLIO PURCHASE# 825 PCM $ 47,822.40 $ 47,822.40 (PAM FUND PURCHASE) ACQUSITION FEE FOR# 825 PCM(OPERATING) $ 4,782.24 $ 4,782.24 07/31/01 RECEIVABLES PCM(OPERATING) $ 42,452.29 $ 42,452.29 ============= TOTAL 95,056.93
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 032 FUND IV, LTD FOR THE PERIOD FROM: 080101 JAMES J. JOSEPH, TO: 083101 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,156,137.60 823,854.21 654,976.41 14,487,636.51 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,156,037.60 823,854.21 654,976.41 5,291,162.99 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,227,990.52 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 3,750.00 0.00 0.00 187,005.52 Total Receipts . . . . . . . . . . . 3,750.00 0.00 0.00 187,005.52 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 3,850.00 0.00 0.00 9,414,996.04 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 3,750.00 0.00 0.00 98,806.93 Total Disbursements. . . . . . . . . 3,750.00 0.00 0.00 98,806.93 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,316,189.11 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 3,750.00 0.00 0.00 95,056.93 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $17,500,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 9/27/01 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 032 RECEIPTS FOR THE PERIOD FROM: 080101 TO: 083101 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- 08/08-MONEYMARKET TRANSFER FOR A/P 3,750.00 ------------- TOTAL 3,750.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 032 DISBURSEMENTS FOR THE PERIOD FROM: 080101 TO: 083101 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- US TRUSTEE 2ND QUARTER PAYMENT FOR 2001 3,750.00 10026 08/08/01 ----------- TOTAL 3,750.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 032 RECEIPTS FOR THE PERIOD FROM: 080101 TO: 083101 MONEY MARKET ACCOUNT # 14-088-679 AMOUNT - ---------------------------------------------------------------------------------------------- 08/06-PCM(PARTNERSHIP RESERVE) MAY 2001 COLLECTION SHARE 153,639.84 08/08-PCM(SUSPENSE) CHASE MANHATTAN BUYBACK SPLIT# 02596334 877.19 08/16-PCM(WIRE ACCOUNT) BANK WIRE TRANSFERS FROM 04/20 TO 07/02/01 15,083.75 08/31-IMPERIAL BAK AUGUST 2001 INTEREST 17,404.74 ------------ TOTAL 187,005.52 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 032 DISBURSEMENTS FOR THE PERIOD FROM: 080101 TO: 083101 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ---------------------------------------------------------------------------------------------------------------------- OPERATING TRANSFER FOR A/P 3,750.00 TSF 08/08/01 PCM(PAM FUND PURCHASE ACCOUNT) PORTFOLIO PURCHASE# 825 47,822.40 TSF 08/16/01 PCM(OPERATING) ACQUISITION FEE# 825 4,782.24 TSF 08/16/01 PCM(OPERATING) 07/31/01 RECEIVABLES 42,452.29 TSF 08/20/01 ---------- TOTAL 98,806.93 ==========
EX-99.33 35 doc34.txt
EXHIBIT 99.33 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 33 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the period From : 09/01/01 to 09/30/01 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 243,825.47 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 243,825.47 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 243,825.47 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 324,968.50 ------------ Total Operating Expenses 324,968.50 ------------ Net Gain / Loss from Business Operations (81,143.03) ------------ B. Not Related to Business Operations Income : Interest Income 16,777.71 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 16,777.71 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD (64,365.32) ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 33 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 33 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 06/30/01 $ 350,924.00 $ 3,750.00 08/08/01 $ 3,750.00 10026 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/01 $ 529,345.00 $ 3,750.00 03/24/01 $ 3,750.00 10025 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 10/25/01 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 33 From : 09/01/01 To : 09/30/01
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------- --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------- --------------------------- -------------- ------------- NOVEMBER 2000 PDI MANAGEMENT FEES PCM(OPERATING) $ 7,435.26 $ 7,435.26 PORTFOLIO PURCHASE# 985 PAM FUND PURCHASE $ 24,067.64 $ 24,067.64 ACQUSITION FEE FOR PORTFOLIO# 985 PCM(OPERATING) $ 4,799.01 $ 4,799.01 PORTFOLIO PURCHASE# 980, 981 & 982 PAM FUND PURCHASE $ 240,676.48 $ 240,676.48 ACQUSITION FEE FOR PORTFOLIO# 980, PCM(OPERATING) $ 47,990.11 $ 47,990.11 981 & 982 ============= TOTAL 324,968.50
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 033 FUND IV, LTD FOR THE PERIOD FROM: 090101 JAMES J. JOSEPH, TO: 093001 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating 30-Day C.D. Money Market Money Market Account Account Account Account CASH ACTIVITY ANALYSIS 14-088-407 426-570-001 6704-559087 14-088-679 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,156,137.60 823,854.21 654,976.41 14,505,041.25 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,156,037.60 823,854.21 654,976.41 5,291,162.99 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,316,189.11 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 260,603.18 Total Receipts . . . . . . . . . . . 0.00 0.00 0.00 260,603.18 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,576,792.29 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 324,968.50 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 324,968.50 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,251,823.79 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 0.00 324,968.50 ============ ============ =========== ============= ACCOUNT CLOSED ACCOUNT CLOSED 02/22/00 03/01/99 I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-407 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 426-570-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number: 6704-559087 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-679
BOND: $17,500,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 10/25/01 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 033 RECEIPTS FOR THE PERIOD FROM: 090101 TO: 093001 OPERATING ACCOUNT # 14-088-407 AMOUNT - --------------------------------------------------------------------------------- ------------- TOTAL 0.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 033 DISBURSEMENTS FOR THE PERIOD FROM: 090101 TO: 093001 OPERATING ACCOUNT # 14-088-407 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 033 DISBURSEMENTS FOR THE PERIOD FROM: 090101 TO: 093001 MONEY MARKET ACCOUNT # 14-088-679 CHECK NAME OF PAYEE DESCRIPTION AMOUNT NUMBER DATE - ----------------------------------------------------------------------------------------------------------------------- PCM(OPERATING) NOVEMBER 2000 PDI MANAGEMENT FEES 7,435.26 TSF 09/11/01 PCM(PAM FUND PURCHASE ACCOUNT) PORTFOLIO PURCHASE# 985 24,067.64 TSF 09/19/01 PCM(OPERATING) ACQUSITION FEE FOR PORTFOLIOPURCHASE# 985 4,799.01 TSF 09/19/01 PCM(PAM FUND PURCHASE ACCOUNT) PORTFOLIO PURCHASE# 980, 981 & 982 240,676.48 TSF 09/19/01 PCM(OPERATING) ACQUSITION FEE FOR PORT. PURCHASE# 980, 981 & 982 47,990.11 TSF 09/19/01 ---------- TOTAL 324,968.50 ==========
EX-99.34 36 doc35.txt
EXHIBIT 99.34 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 34 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the period From : 10/01/01 to 10/31/01 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 3,381.22 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 3,381.22 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 3,381.22 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 124,559.25 ------------ Total Operating Expenses 124,559.25 ------------ Net Gain / Loss from Business Operations (121,178.03) ------------ B. Not Related to Business Operations Income : Interest Income 11,559.85 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 11,559.85 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD (109,618.18) ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 34 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 34 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 06/30/01 $ 350,924.00 $ 3,750.00 08/08/01 $ 3,750.00 10026 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/01 $ 529,345.00 $ 3,750.00 03/24/01 $ 3,750.00 10025 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 11/20/01 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 34 From : 10/01/01 To : 10/31/01
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------- --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------- --------------------------- -------------- ------------- RECEIVABLES FOR 08/31/01 PCM(OPERATING) 7,435.26 7,435.26 PORTFOLIO PURCHASE# 1051 PCM(PAM FUND PURCHASE 74,867.08 74,867.08 TSF FOR SECURITY DEPOSIT & PCM(OPERATING) 42,296.91 42,296.91 DEC.2001 RENT FOR PCM ============= TOTAL 124,599.25
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 034 FUND IV, LTD FOR THE PERIOD FROM: 100101 JAMES J. JOSEPH, TO: 103101 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating Money Market Account Account CASH ACTIVITY ANALYSIS 1891-515-791 1891-515-908 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,156,137.60 0.00 0.00 14,521,818.96 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,156,037.60 0.00 0.00 5,291,162.99 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,252,377.58 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 14,941.07 Total Receipts . . . . . . . . . . . 0.00 0.00 0.00 14,941.07 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,267,318.65 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 124,599.25 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 124,599.25 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,142,719.40 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 0.00 124,599.25 ============ ============ =========== ============= I. (1) Operating Account : (a) Comerica Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 1891-515-791 (2) Money Market Account (a) Comerica Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 1891-515-908
BOND: $17,500,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 11/20/01 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 034 RECEIPTS FOR THE PERIOD FROM: 100101 TO: 103101 OPERATING ACCOUNT # 1891-515-791 AMOUNT - --------------------------------------------------------------------------------- ------------- TOTAL 0.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 034 DISBURSEMENTS FOR THE PERIOD FROM: 100101 TO: 103101 OPERATING ACCOUNT # 1891-515-791 CHECK DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 034 RECEIPTS FOR THE PERIOD FROM: 100101 TO: 103101 MONEY MARKET ACCOUNT # 1891-515-908 AMOUNT - ------------------------------------------------------------------------------------------------- 10/16-WIRE ACCOUNT PORT. PURCHASE TSF RE: FIRST NATIONAL ACCEPT-09/01 3,381.22 10/31-IMPERIAL BANK OCTOBER 2001 INTEREST 11,559.85 ------------ TOTAL 14,941.07 ============ - -------------------------------------------------------------------------------------------------
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 034 DISBURSEMENTS FOR THE PERIOD FROM: 100101 TO: 103101 MONEY MARKET ACCOUNT # 1891-515-908 CHECK DESCRIPTION AMOUNT NUMBER DATE - --------------------------------------------------------------------------------------------------------------------- OCM(OPERATING) RECEIVABLES FOR 08/31/01 7,435.26 TSF 10/01/01 PCM(PAM FUND PURCHASE ACCOUNT) PORTFOLIO PURCHASE# 1051 74,867.08 TSF 10/17/01 PCM(OPERATING) TSF FOR SECURITY DEPOSIT & DEC.2001 RENT FOR PCM 42,296.91 TSF 10/26/01 ----------- TOTAL 124,599.25 ===========
EX-99.35 37 doc36.txt
EXHIBIT 99.35 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 35 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the period From : 11/01/01 to 11/30/01 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 30,680.08 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 30,680.08 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 30,680.08 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 177,852.68 ------------ Total Operating Expenses 177,852.68 ------------ Net Gain / Loss from Business Operations (147,172.60) ------------ B. Not Related to Business Operations Income : Interest Income 10,491.49 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 10,491.49 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 0.00 ------------ Total Non-Operating Expenses 0.00 ------------ NET INCOME / LOSS FOR PERIOD (136,681.11) ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 35 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 35 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 06/30/01 $ 350,924.00 $ 3,750.00 08/08/01 $ 3,750.00 10026 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/01 $ 529,345.00 $ 3,750.00 03/24/01 $ 3,750.00 10025 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/99 $ 519,356.75 $ 3,750.00 07/23/99 $ 3,750.00 10013 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 12/27/01 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 35 From : 11/01/01 To : 11/30/01
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------- --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------- --------------------------- -------------- ------------- RECEIVABLES FOR 09/30/01 PCM(OPERATING) 2,983.57 2,983.57 PORTFOLIO PURCHASE# 1130 & 1131 PCM(PAM FUND PURCHASE 166,628.60 166,628.60 MANAGEMENT FEES FOR THE MONTH PCM(OPERATING) 8,240.51 8,240.51 OF 10/31/01 ============= TOTAL 177,852.68
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 035 FUND IV, LTD FOR THE PERIOD FROM: 110101 JAMES J. JOSEPH, TO: 113001 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating Money Market Account Account CASH ACTIVITY ANALYSIS 1891-515-791 1891-515-908 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,156,137.60 0.00 0.00 14,533,932.62 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,156,037.60 0.00 0.00 5,291,162.99 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,142,719.40 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 41,171.57 Total Receipts . . . . . . . . . . . 0.00 0.00 0.00 41,171.57 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,183,890.97 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 0.00 0.00 0.00 177,852.68 Total Disbursements. . . . . . . . . 0.00 0.00 0.00 177,852.68 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,006,038.29 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 0.00 0.00 0.00 177,852.68 ============ ============ =========== ============= I. (1) Operating Account : (a) Comerica Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 1891-515-791 (2) Money Market Account (a) Comerica Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 1891-515-908
BOND: $17,500,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 12/27/01 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 035 RECEIPTS FOR THE PERIOD FROM: 110101 TO: 113001 OPERATING ACCOUNT # 1891-515-791 AMOUNT - --------------------------------------------------------------------------------- ------------- TOTAL 0.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 035 DISBURSEMENTS FOR THE PERIOD FROM: 110101 TO: 113001 OPERATING ACCOUNT # 1891-515-791 CHECK DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- ----------- TOTAL 0.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 035 RECEIPTS FOR THE PERIOD FROM: 110101 TO: 113001 MONEY MARKET ACCOUNT # 1891-515-908 AMOUNT - ------------------------------------------------------------------------------------------------- 11/27-PCM(WIRE ACCOUNT) WELLS FARGO BUYBACK TSF# 0127222 1,931.51 11/27-PCM(WIRE ACCOUNT) US BANK BUYBACK# 689236 92.37 11/27-PCM(WIRE ACCOUNT) VARIOUS PORTFOLIO SPLIT PER D.CALDWELL 28,656.20 ***SEE BACKUP*** 11/30-IMPERIAL BANK NOVEMBER 2001 INTEREST 10,491.49 ------------ TOTAL 41,171.57 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 035 DISBURSEMENTS FOR THE PERIOD FROM: 110101 TO: 113001 MONEY MARKET ACCOUNT # 1891-515-908 CHECK DESCRIPTION AMOUNT NUMBER DATE - ----------------------------------------------------------------------------------------------------------------------- OPERATING PCM MGMT RECEIVABLES FOR THE MONTH 09/30/01 2,983.57 TSF 11/05/01 PCM(PAM FUND PURCHASE ACCOUNT) PORTFOLIO PURCHASE# 1130 & 1131 166,628.60 TSF 11/26/01 PCM(OPERATING) MGMT RECEIVABLES FOR THE MONTH OF 10/31/01 8,240.51 TSF 11/26/01 ----------- TOTAL 177,852.68 ===========
EX-99.36 38 doc37.txt
EXHIBIT 99.36 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 36 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the period From : 12/01/01 to 12/31/01 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 10,073.64 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 10,073.64 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 10,073.64 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 0.00 ------------ Total Operating Expenses 0.00 ------------ Net Gain / Loss from Business Operations 10,073.64 ------------ B. Not Related to Business Operations Income : Interest Income 10,716.86 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 10,716.86 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 3,750.00 ------------ Total Non-Operating Expenses 3,750.00 ------------ NET INCOME / LOSS FOR PERIOD 17,040.50 ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 36 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 36 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 09/31/01 $ 660,293.00 $ 3,750.00 12/01/01 $ 3,750.00 1004 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/01 $ 350,924.00 $ 3,750.00 08/08/01 $ 3,750.00 10026 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/01 $ 52,645.00 $ 3,750.00 03/24/01 $ 3,750.00 10025 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/99 $ 400,673.00 $ 3,750.00 10/28/99 $ 3,750.00 10014 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 1/29/02 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 36 From : 12/01/01 To : 12/31/01
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------- --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------- --------------------------- -------------- ------------- ============= TOTAL 0.00
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 036 FUND IV, LTD FOR THE PERIOD FROM: 120101 JAMES J. JOSEPH, TO: 123101 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating Money Market Account Account CASH ACTIVITY ANALYSIS 1891-515-791 1891-515-908 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,156,137.60 0.00 0.00 14,544,424.11 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,156,037.60 0.00 0.00 5,291,162.99 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,006,038.26 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 3,750.00 0.00 0.00 20,790.50 Total Receipts . . . . . . . . . . . 3,750.00 0.00 0.00 20,790.50 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 3,850.00 0.00 0.00 9,026,828.76 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 3,750.00 0.00 0.00 3,750.00 Total Disbursements. . . . . . . . . 3,750.00 0.00 0.00 3,750.00 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 9,023,078.76 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 3,750.00 0.00 0.00 0.00 ============ ============ =========== ============= I. (1) Operating Account : (a) Comerica Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 1891-515-791 (2) Money Market Account (a) Comerica Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 1891-515-908
BOND: $17,500,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 1/29/02 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 036 RECEIPTS FOR THE PERIOD FROM: 120101 TO: 123101 OPERATING ACCOUNT # 1891-515-791 AMOUNT - --------------------------------------------------------------------------------- 12/11-MONEYMARKET TRANSFER FOR A/P 3,750.00 ------------- TOTAL 3,750.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 036 DISBURSEMENTS FOR THE PERIOD FROM: 120101 TO: 123101 OPERATING ACCOUNT # 1891-515-791 CHECK DESCRIPTION AMOUNT NUMBER DATE - -------------------------------------------------------------------------------------------------- U.S TRUSTEE 3rd QUARTER PAYMENT 3,750.00 1004 12/11/01 ----------- TOTAL 3,750.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 036 RECEIPTS FOR THE PERIOD FROM: 120101 TO: 123101 MONEY MARKET ACCOUNT # 1891-515-908 AMOUNT - ------------------------------------------------------------------------------------------------- 12/17-WIRE ACCOUNT TSF OF VARIOUS PORTFOLIO SALES**SEE BACKUP** 10,073.64 12/31-COMERICA BANK DECEMBER 2001 INTEREST 10,716.86 ------------ TOTAL 20,790.50 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 036 DISBURSEMENTS FOR THE PERIOD FROM: 120101 TO: 123101 MONEY MARKET ACCOUNT # 1891-515-908 CHECK DESCRIPTION AMOUNT NUMBER DATE - --------------------------------------------------------------------------------------------------------------------- OPERATING TRANSFER FOR A/P 3,750.00 TSF 12/11/01 ----------- TOTAL 3,750.00 ===========
EX-99.37 39 doc38.txt
EXHIBIT 99.37 ==================================================================================================== OFFICE OF THE UNITED STATES TRUSTEE ==================================================================================================== In re: Chapter 11 Trustee Operating Report Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East, 3rd Floor Report Number : 37 Page 1 of 3 Los Angeles, CA 90067 - ------------------------------------------- Chapter 11 Case No. SA 98 27105 RA For the period From : 01/01/02 to 01/31/02 ====================================================================================================
1. Profit and Loss Statement A. Related to Business Operations Gross Sales / Rents 0.00 ------------ Less : Sales Returns and Discounts 0.00 ------------ Net Sales 0.00 ------------ Less : Cost of Goods Sold Collection Costs 0.00 ------------ Commissions, Escrow Fees & Closing Costs 0.00 ------------ Less : Ending Inventory at Cost 0.00 ------------ Cost of Goods Sold 0.00 ------------ Gross Profit 0.00 ------------ Other Operating Revenues 0.00 ------------ Less : Operating Expenses: Officer Compensation 0.00 ------------ Salaries and Wages - 0.00 ------------ Total Salaries and Wages 0.00 ------------ Employee Benefits and Pensions 0.00 ------------ Payroll Taxes 0.00 ------------ Real Estate Taxes 0.00 ------------ Federal and State Income Taxes 0.00 ------------ Total Taxes 0.00 ------------ Rent and Lease Exp.(Real Property and Personal Property) 0.00 ------------ Interest Expense (Mortgage, Loan, Etc.) 0.00 ------------ Insurance 0.00 ------------ Automobile Expenses 0.00 ------------ Utilities (Gas, Electricity, Water, Telephone, Etc.) 0.00 ------------ Depreciation and Amortization 0.00 ------------ Repairs and Maintenance 0.00 ------------ Advertising 0.00 ------------ Supplies-Office Expenses, Photocopies, Etc. 0.00 ------------ Bad Debts 0.00 ------------ Miscellaneous Operating Expenses (See Attached) 120,000.00 ------------ Total Operating Expenses 120,000.00 ------------ Net Gain / Loss from Business Operations (120,000.00) ------------ B. Not Related to Business Operations Income : Interest Income 10,730.38 ------------ Other Non-Operating Revenues (Specify) 0.00 ------------ Gross Proceeds on Sale of Assets 0.00 ------------ Less : Original Cost of Assets plus Expenses of Sale 0.00 ------------ Net Gain / Loss of Sale of Assets 0.00 ------------ Total Non-Operating Income 10,730.38 ------------ Expenses Not Related to Business Operations: Legal and Professional Fees/Costs (See Section 7 - Professional Fees) 0.00 ------------ Other Non-Operating Expenses (U.S. Trustee Funds) 3,750.00 ------------ Total Non-Operating Expenses 3,750.00 ------------ NET INCOME / LOSS FOR PERIOD (113,019.62) ============
================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 37 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :
================= ========================= ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ================= ========================= Current - 30 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 31 - 60 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 61 - 90 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue 91 - 120 Days $ 0.00 $ 0.00 ----------------- ------------------------- Overdue Over 120 Days $ 0.00 $ 0.00 ================= ========================= TOTAL $ 0.00 $ 0.00 ================= ========================= Includes Pre-Petition A/R
3. Statement of Status of Payments to Secured Creditors and Lessors :
============================================================================ FREQUENCY POST-PETITION OF PAYMENT PER AMOUNT NEXT PAYMENTS NOT MADE * CREDITOR / CONTRACT / LEASE OF EACH PAYMENT LESSOR (I.E., MO., QTR.) PAYMENT DUE NUMBER AMOUNT ========== ================= ======= ======= =================== ====== - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ - ---------- ----------------- ------- ------- ------------------- ------ ============================================================================
4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------
=========================================================== DATE PAID AMOUNT PAID * POST-PETITION TAXES STILL OWING ========= ============== ================================ Federal Payroll and Withholding Taxes $ 0.00 State Payroll and Withholding Taxes $ 0.00 $ 0.00 --------- -------------- -------------------------------- Real Property Taxes $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 $ 0.00 $ 0.00 --------- -------------- -------------------------------- $ 0.00 $ 0.00 =========================================================== * Attach photocopies of depository receipts from taxing authorities or Financial institutions to verify that such deposits have been made.
5. Insurance Coverage
============================================================== CARRIER / AGENT NAME AMOUNT OF POLICY PREMIUM PAID COVERAGE EXPIRATION DATE THROUGH DATE ==================== ========= =============== ============ Worker's Compensation Not Applicable -------------------- --------- --------------- ------------ Liability Not Applicable -------------------- --------- --------------- ------------ Fire and Extended Coverage Not Applicable -------------------- --------- --------------- ------------ Property Building Contents Not Applicable -------------------- --------- --------------- ------------ Flood Not Applicable -------------------- --------- --------------- ------------ Earthquake Not Applicable -------------------- --------- --------------- ------------ Business Income Not Applicable -------------------- --------- --------------- ------------ Boiler / Property Damage Not Applicable ==============================================================
================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 37 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only) :
======================================================================================= NAME OF PROFESSIONAL STATE TYPE OF PROFESSIONAL TOTAL POST-PETITION AMOUNT UNPAID (ATTORNEY, ACCOUNTANT, ETC.) CURRENT TOTAL TO DATE ==================== ============================ ================= ================ - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- - -------------------- ---------------------------- ----------------- ---------------- =======================================================================================
8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)
========================================================================================================== QUARTERLY PERIOD TOTAL DISBURSEMENTS QUARTERLY FEE DATE PAID AMOUNT PAID CHECK NO. QUARTERLY FEE REPORTS PER QUARTER STILL OWING ================ ==================== ============== ========= ============ ========= ============== 12/31/01 $ 302,451.00 $ 3,750.00 01/31/02 $ 3,750.00 1006 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/31/01 $ 660,293.00 $ 3,750.00 12/01/01 $ 3,750.00 1004 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/01 $ 350,924.00 $ 3,750.00 12/08/01 $ 3,750.00 10026 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/01 $ 52,645.00 $ 3,750.00 03/24/01 $ 3,750.00 10025 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 12/31/99 $ 693,765.00 $ 3,750.00 01/27/00 $ 3,750.00 10015 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 03/31/00 $ 163,473.00 $ 1,250.00 05/19/00 $ 1,250.00 10018 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 06/30/00 $ 48,633.00 $ 500.00 08/09/00 $ 500.00 10020 $ 0.00 - ---------------- -------------------- -------------- --------- ------------ --------- -------------- 09/30/00 $ 550,254.00 $ 3,750.00 10/20/00 $ 3,750.00 10021 $ 0.00 ========================================================================================================== I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number.
Date: 2/27/02 /s/ James J. Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund IV, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27105 RA Operating Report # 37 From : 01/01/02 To : 01/31/02
Schedule of Miscellaneous Operating Expenses - -------------------------------------------- - ------------------------------------- --------------------------- -------------- ------------- EXPENSE VENDOR AMOUNT TOTAL - ------------------------------------- --------------------------- -------------- ------------- TRANSFER OF FUNDS PCM 120,000.00 120,000.00 PROFESSIONAL FEE RESERVE ============= TOTAL 120,000.00
================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 037 FUND IV, LTD FOR THE PERIOD FROM: 010102 JAMES J. JOSEPH, TO: 013102 CHAPTER 11 TRUSTEE - ----------------------- CASE NO. SA 98-27105 RA =======================
Operating Money Market Account Account CASH ACTIVITY ANALYSIS 1891-515-791 1891-515-908 ------------ ------------ ----------- ------------- A. Total Receipts Per All Prior Interim Statements . . . . . . . . . . . . . . . . . 1,156,137.60 0.00 0.00 14,565,214.61 ------------ ------------ ------------ ------------- B. Less : Total Disbursements Per All Prior Interim Statements . . . . . . . . . . 1,156,037.60 0.00 0.00 5,294,912.99 ------------ ------------ ----------- ------------- C. Beginning Balance. . . . . . . . . . . . . . . 100.00 0.00 0.00 9,023,078.76 ============ ============ =========== ============= D. Receipts During Current Period Per Attached Schedule. . . . . . . . 3,750.00 0.00 0.00 10,730.38 Total Receipts . . . . . . . . . . . 3,750.00 0.00 0.00 10,730.38 ------------ ------------ ----------- ------------- E. Balance Available. . . . . . . . . . . . . . . 3,850.00 0.00 0.00 9,033,809.14 ------------ ------------ ----------- ------------- F. Less : Disbursements During Period Per Attached Schedule. . . . . . . . 3,750.00 0.00 0.00 123,750.00 Total Disbursements. . . . . . . . . 3,750.00 0.00 0.00 123,750.00 ============ ============ =========== ============= G. Ending Balance 100.00 0.00 0.00 8,910,059.14 ============ ============ =========== ============= H. Disbursements for Quarterly Fees . . . . . . . 3,750.00 0.00 0.00 120,000.00 ============ ============ =========== ============= I. (1) Operating Account : (a) Comerica Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 1891-515-791 (2) Money Market Account (a) Comerica Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 1891-515-908
BOND: $17,500,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 2/27/02 Signed: /s/ James J. Joseph - ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================
CASE NAME : PERFORMANCE ASSET MGMT FUND IV LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 037 RECEIPTS FOR THE PERIOD FROM: 010102 TO: 013102 OPERATING ACCOUNT # 1891-515-791 AMOUNT - --------------------------------------------------------------------------------- 01/31-MONEYMARKET TRANSFER FOR A/P 3,750.00 ------------- TOTAL 3,750.00 =============
CASE NAME : PERFORMANCE ASSET MGMT FUND IV, LTD CASE NUMBER : SA 98-27105 RA STATEMENT NUMBER: 037 DISBURSEMENTS FOR THE PERIOD FROM: 010102 TO: 013102 OPERATING ACCOUNT # 1891-515-791 CHECK DESCRIPTION AMOUNT NUMBER DATE - ------------------------------------------------------------------------------------------------------------------ U.S. TRUSTEE REISSUE OF 3rd QUATER FEES***PLACED STOP PER SABR (3,750.00) 1004 01/14/02 U.S. TRUSTEE REISSUE OF 3rd QUATER FEES 3,750.00 1005 01/14/02 U.S. TRUSTEE 4TH QUARTER FEES 3,750.00 1006 01/31/02 ----------- TOTAL 3,750.00 ===========
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 037 RECEIPTS FOR THE PERIOD FROM: 010102 TO: 013102 MONEY MARKET ACCOUNT # 1891-515-908 AMOUNT - ------------------------------------------------------------------------------------------------- 01/31-COMERICA BANK JANUARY 2002 INTEREST 10,730.38 ------------ TOTAL 10,730.38 ============
CASE NAME : PERFORMANCE ASSET MGMT FUND, IV, LTD CASE NUMBER : SA 98 27105 RA STATEMENT NUMBER: 037 DISBURSEMENTS FOR THE PERIOD FROM: 010102 TO: 013102 MONEY MARKET ACCOUNT # 1891-515-908 CHECK DESCRIPTION AMOUNT NUMBER DATE - --------------------------------------------------------------------------------------------------------------------- PCM(PROFESSIONAL FEE RESERVE ACCOUNT) TRANSFER OF FUNDS 120,000.00 TSF 01/30/02 OPERATING TRANSFER FOR A/P 3,750.00 TSF 01/31/02 ----------- TOTAL 123,750.00 ===========
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