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 ==========