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 ==========