8-K 1 bankformapr2001.txt 8-K ATLLANTIC CITY BOARDWALK OFFICE OF THE UNITED STATES TRUSTEE - REGION 3 MONTHLY REPORTING REQUIREMENTS All Chapter 11 debtors must serve the U.S. Trustee with the documents and reports identified below no later than the 15th day of the month following the end of the month covered by the report. Debtor Name: Atlantic City Boardwalk Associates, L.P. Case Number: 99-18903 JHW For the month of: April 2001

The undersigned individuals certifies under penalty of perjury (28 U.S.C. Section 1746) that to the best of the individual's knowledge, the documents appended are true and correct. By: /s/Anthony C. Atchley __________________________________ Dated: May 14, 2001 Anthony C. Atchley, General Partner Title of Debtor Representative

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3 INCOME STATEMENT For the Month Ending: 0204/2830/01 Debtor Name: Atlantic City Boardwalk Associates, L.P. Case Number: 99-18903 JHW Current Prior Month Month Accrued Operating Leases $~~288~~269,~~458~~734 $~~161~~212,~~476~~294 ------ -------------------------------------- ------------------------------------- Less: Returns and Allowances ------ -------------------------------------- ------------------------------------- Accrued Operating Leases ~~288~~269,~~458~~734 ~~161~~212,~~476~~294 ------ -------------------------------------- ------------------------------------- Cost of Sales: (1) ------ -------------------------------------- ------------------------------------- Beginning Inventory ------ -------------------------------------- ------------------------------------- Add: Purchases ------ -------------------------------------- ------------------------------------- Less: Ending Inventory ------ -------------------------------------- ------------------------------------- Cost of Goods Sold ------ -------------------------------------- ------------------------------------- Other Operating Expenses: ------ -------------------------------------- ------------------------------------- Officers Salaries 10,833 10,833 ------ -------------------------------------- ------------------------------------- Direct Labor/Salaries ~~960~~1,380 1,~~140~~020 ------ -------------------------------------- ------------------------------------- Benefits/Payroll Taxes ~~112~~207 ~~226~~357 ------ -------------------------------------- ------------------------------------- Supplies 89 ------ -------------------------------------- ------------------------------------- Insurance 134 ------ -------------------------------------- ------------------------------------- Rent 993 993 ------ -------------------------------------- ------------------------------------- Depreciation 133,404 133,404 ------ -------------------------------------- ------------------------------------- General & Administrative 3167,~~059~~592 6453,~~412~~960 ------ -------------------------------------- ------------------------------------- Net Operating Profit (Loss) ~~111~~55,~~008~~191 ~~( 49~~11,~~532)~~727 ------ -------------------------------------- -------------------------------------

Current Prior Month Month ------ -------------------------------------- ------------------------------------- Add: Other Income(2) 14$13,~~270~~112(a) 1412,~~979~~906(a) ------ -------------------------------------- ------------------------------------- ------ -------------------------------------- ------------------------------------- Less: Other Expenses ------ -------------------------------------- ------------------------------------- ------ -------------------------------------- ------------------------------------- Interest Expense ~~(19) (38)~~ ------ -------------------------------------- ------------------------------------- ------ -------------------------------------- ------------------------------------- Other(3) ------ -------------------------------------- ------------------------------------- ------ -------------------------------------- ------------------------------------- Total Other Expenses ~~(19) (38)~~ ------ -------------------------------------- ------------------------------------- ~~------ -------------------------------------- -------------------------------------~~ Gain (Loss) Sale of Assets ------ -------------------------------------- ------------------------------------- ------ -------------------------------------- ------------------------------------- Profit (Loss) Before Taxes $~~125~~68,~~259~~303 ~~(34~~24,~~591)~~633 ------ -------------------------------------- ------------------------------------- ------ -------------------------------------- ------------------------------------- Income Taxes ------ -------------------------------------- ------------------------------------- ------ -------------------------------------- ------------------------------------- Net Profit (Loss) $~~125~~68,~~259~~303 $~~(34~~24,~~591)~~633 ------ -------------------------------------- -------------------------------------

1. If perpetual inventory records are not maintained, use of the prior period gross percentage is acceptable but must be disclosed. 2. Identify the source if the amount is $500.00 or more. (a) Other income: Current Month Prior Month Interest income - amortization of discount on receivable from the Sands $7 6,~~196~~764 $7 6,~~410~~981 Interest received on 1,500,000 held in escrow 76,~~074~~348 75,~~569~~925 -------- -------- $ 1413,~~270~~112 $ 1412,~~979~~906 ======== ======== 3. Provide details on "other" expenses over $500.00.

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3 BALANCE SHEET As of 0204/2830/01 Debtor Name: Atlantic City Boardwalk Associates, L.P. Case Number: 99-18903 JHW ASSETS Current Month Prior Month Current Assets Cash $ ~~143~~115,~~599~~816 $ ~~127~~129,~~066~~663 --------------------------------------- ----------------------------------- Restricted Cash in Escrow 1,~~568~~580,~~151~~425 1,~~561~~574,~~078~~077 --------------------------------------- ----------------------------------- ~~-----------------------------------~~ Restricted Cash Collateral 2,~~501~~983,~~496~~524 2,~~244~~713,~~943~~791 ----------------------------------- ----~~-----------------------------------~~ ----------------------------------- Accounts Receivable 1,778,310 1,778,310 --------------------------------------- ----------------------------------- Notes Receivable --------------------------------------- ----------------------------------- Other (attach list) ~~704~~804,853(a) ~~654~~754,853(a) --------------------------------------- ----------------------------------- --------------------------------------- ----------------------------------- Total Current Assets 67,~~696~~262,~~409~~928 6,~~366~~950,~~250~~694 --------------------------------------- ----------------------------------- Fixed Assets --------------------------------------- ----------------------------------- Property and Equipment 197,339,350 197,339,350 ----------------------------------- ----~~-----------------------------------~~ ----------------------------------- Accumulated Depreciation (183,~~470~~737,~~890~~698) (183,~~337~~604,~~485~~294) --------------------------------------- ----------------------------------- --------------------------------------- ----------------------------------- Total Fixed Assets 13,~~868~~601,~~460~~652 1413,~~001~~735,~~865~~056 --------------------------------------- ----------------------------------- Other Assets (attach list) 25,~~720~~634,~~680~~425(b) 25,~~763~~677,~~484~~661(b) --------------------------------------- ----------------------------------- --------------------------------------- ----------------------------------- TOTAL ASSETS $ 46,~~285~~499,~~549~~005 $ 46,~~131~~363,~~599~~411 --------------------------------------- ----------------------------------- LIABILITIES Post-petition Liabilities: --------------------------------------- ----------------------------------- Accounts Payable $ ~~223~~343,~~366~~884 $ ~~192~~276,~~635~~593 --------------------------------------- ----------------------------------- --------------------------------------- ----------------------------------- Notes Payable --------------------------------------- ----------------------------------- --------------------------------------- ----------------------------------- Rents & Leases Payable --------------------------------------- ----------------------------------- --------------------------------------- ----------------------------------- Taxes Payable --------------------------------------- ----------------------------------- Accrued Interest --------------------------------------- ----------------------------------- Other: --------------------------------------- ----------------------------------- Total Post-petition Liabilities: ~~223~~343,~~366~~884 ~~192~~276,~~635~~593 --------------------------------------- ----------------------------------- Pre-petition Liabilities --------------------------------------- ----------------------------------- Unsecured Debt 29,000 29,000 --------------------------------------- ----------------------------------- Notes Payable-Secured 88,515,235 88,~~517~~515,~~272~~235 --------------------------------------- ----------------------------------- --------------------------------------- ----------------------------------- Other Debt (priority claims) --------------------------------------- ----------------------------------- --------------------------------------- ----------------------------------- Taxes --------------------------------------- ----------------------------------- --------------------------------------- ----------------------------------- Wages --------------------------------------- ----------------------------------- --------------------------------------- ----------------------------------- Deposits --------------------------------------- ----------------------------------- Other: --------------------------------------- ----------------------------------- Total Pre-petition Liabilities 88,544,235 88,~~546~~544,~~272~~235 --------------------------------------- ----------------------------------- TOTAL LIABILITIES 88,~~767~~888,~~601~~119 88,~~738~~820,~~907~~828 --------------------------------------- ----------------------------------- OWNER EQUITY (DEFICIT) ------------------------------- ------------------------------------ Preferred Stock ------------------------------- ------------------------------------ ------------------------------- ------------------------------------ Common Stock ------------------------------- ------------------------------------ ------------------------------- ------------------------------------ Capital Surplus ------------------------------- ------------------------------------ ------------------------------- ------------------------------------ Retained Earnings ------------------------------- ------------------------------------ PARTNERS' INVESTMENT (DEFICIT) (42,389,114) (42,457,417) --------------------------------- ----------------------------------- TOTAL OWNER EQUITY (NET WORTH) (42,389,114) (42,457,417) ==================================== =================================== TOTAL LIABILITIES AND OWNER EQUITY $ 46,499,005 $ 46,363,411 ------------------------------------------------------ =============================== ===================================

NOTES: 1. Explain significant events, including contingent liabilities and pending lawsuits, which may have a material effect on the financial condition of the debtor. 2. Value assets at lower of cost or market and identify which method is being used. 3. Explain the method of inventory valuation if other than the lower of cost or market 4. Identify any changes in stock holdings of "insiders" during the reporting period. (a) Other Current Assets:

~~OWNER~~Current ~~EQUITY~~Prior ~~(DEFICIT)~~Month ~~-------------------------------~~Month Contingent set-~~-----------------------------------~~off ~~Preferred~~to ~~Stock~~Wrap ~~-------------------------------~~debt ~~------------------------------------~~from ~~-------------------------------~~Admin. ~~------------------------------------~~Bldg. ~~Common~~Transaction ~~Stock~~$ ~~-------------------------------~~600,000 ~~------------------------------------~~$ ~~-------------------------------~~550,000 ~~------------------------------------~~Prepaid ~~Capital~~professional ~~Surplus~~fees ~~-------------------------------~~4,209 ~~------------------------------------~~4,209 ~~-------------------------------~~Simplex ~~------------------------------------~~lease ~~Retained~~deposit ~~Earnings~~10,860 ~~-------------------------------~~10,860 AT&T Deposit 550 550 Masco rent deposit 964 964 Interest receivable -~~-----------------------------------~~ ~~PARTNERS'~~Partner ~~INVESTMENT~~Notes ~~(DEFICIT)~~33,697 ~~(42~~33,~~482~~697 Other Facilities and Maintenance Assets 154,~~052)~~573 ~~(42~~154,~~607,308)~~573 --------~~-------------------------~~ -------~~----------------------------~~ ~~TOTAL~~$ ~~OWNER~~804,853 ~~EQUITY~~$ ~~(NET WORTH) (42~~754,~~482,052)~~853 ~~(42,607,308)~~ ===========~~=========================~~ ===========~~========================~~ ~~TOTAL~~(b) ~~LIABILITIES~~Other ~~AND~~Non-Current ~~OWNER~~Assets: ~~EQUITY~~Deferred Rent from Claridge at Park Place $ 4616,~~285~~177,~~549~~500 $ 4616,~~131~~177,~~599~~500 Note Receivable and Accrued Int-Claridge at Park Place 8,154,000 8,154,000 Receivable from the Sands, net of unamortized discount 1,302,925 1,346,161 ----------- ----------~~--------------------------------~~ $ 25,634,425 $ 25,677,661 =======================~~========~~ ============~~=======================~~

~~Current~~OFFICE ~~Prior~~OF ~~Month~~THE ~~Month~~UNITED ~~Contingent~~STATES ~~set~~TRUSTEE -~~off~~ toREGION ~~Wrap~~3 ~~debt~~STATEMENT ~~from~~OF ~~Admin.~~CASH ~~Bldg.~~RECEIPTS ~~Transaction~~AND $DISBURSEMENTS ~~500,000~~For $the ~~450,000~~Month ~~Prepaid~~Ending: ~~professional~~04/30/01 ~~fees~~Debtor ~~4,209~~Name: ~~4,209~~Atlantic ~~Simplex~~City ~~lease~~Boardwalk ~~deposit~~Account 10Name: Atlantic City Boardwalk Associates,~~860~~ 10L.P. Associates,~~860~~ ~~AT&T~~L.P. ~~Deposit~~Case ~~550~~Number: ~~550~~99-18903 ~~Masco~~JHW ~~rent~~Debtor ~~deposit~~in ~~964~~Possession ~~964~~Account ~~Interest~~Depository: ~~receivable~~Bank -of ~~Partner~~America ~~Notes~~CASH ~~33,697~~RECEIPTS ~~33,697~~(attach ~~Other~~additional ~~Facilities~~sheets ~~and~~as ~~Maintenance~~necessary) ~~Assets~~Date ~~154,573~~Description ~~154,573~~(Source) Amount 04/01/01 Beginning Cash Balance $ ~~704~~129,~~853~~462.79 Total Cash Receipts $ ~~654,853~~0.00 ~~========================~~------------------------------------------------------------------------------------------------------------------------------------ ~~============~~CASH DISBURSEMENTS (battach additional sheets as necessary) ~~Other~~Date ~~Non-Current~~Check ~~Assets:~~No. ~~Deferred~~Payee ~~Rent~~Description ~~from~~Amount ~~Claridge~~04/1/01 at1216 ~~Park~~Anthony ~~Place~~C. Atchley Gen'l Partner Fee $5,416.67 1604/1/01 1217 Gerald C. Heetland Gen'l Partner Fee 5,~~177,500~~416.67 $04/16/01 1218 Federal Express Delivery 71.86 04/16~~,177,500~~/01 ~~Note~~1219 ~~Receivable~~Masco ~~and~~Properties ~~Accrued~~Office ~~Int~~Rent 992.85 04/16/01 1220 All-~~Claridge~~Pro atCleaning ~~Park~~Services ~~Place~~Cleaning ~~8,154,000~~50.00 ~~8,154,000~~04/16/01 ~~Receivable~~1221 ~~from~~Sprint ~~the~~Telephone ~~Sands,~~137.35 ~~net~~04/16/01 1222 Nevada Department of ~~unamortized~~Taxation ~~discount~~Taxes ~~1,389,180~~8.25 ~~1,431,984~~04/16/01 1223 Allstate Insurance Insurance 134.00 04/30/01 1225 Nevada Power Company Utilities 41.07 -------------------- Total Cash Disbursements $ (12,268.72) --- ----------------- $Adjustments 25(explain) 04/26/01 Transfer to DIP Payroll Acct. (1,~~720,680~~450.00) ----------- Total Adjustments $(1,450.00) 25------------ Ending Cash Balance (must be reconcilable to the bank statement for account cited above) $115,~~763,484~~744.07 ====================~~=== ============~~

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3 STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS For the Month Ending: 0204/2830/01 Debtor Name: Atlantic City Boardwalk Account Name: Atlantic City Boardwalk Associates, L.P. Associates, L.P. Case Number: 99-18903 JHW Debtor in Possession Payroll Account Depository: Bank of America CASH RECEIPTS (attach additional sheets as necessary) Date Description (Source) Amount 0204/01/01 Beginning Cash Balance $ ~~126,908~~151.0300 02----------- 04/1626/01 ~~Payment~~Transfer from ~~Bondholders'~~DIP ~~Trustee~~Account $ 311,~~904~~450.9500 ----------- Total Cash Receipts $ 311,~~904~~450.9500 ----------- ------------------------------------------------------------------------------------------------------------------------------------ CASH DISBURSEMENTS (attach additional sheets as necessary) Date Check No. Payee Description Amount 0204/106/01 ~~1197~~N/A ~~Anthony~~Qwik C.Pay ~~Atchley~~Payroll ~~Gen'l~~taxes ~~Partner~~and ~~Fee~~fees $~~5,416.67~~( ~~02/1/01 1198 Gerald C~~57.95) ~~Heetland Gen'l Partner Fee 5,416.67 02~~04/1527/01 ~~1199 Masco Properties Office Rent 992.85 02~~N/~~15/01~~A ~~1200~~Barbara ~~Sprint~~Constantine ~~Telephone~~Payroll ~~137.35~~( ~~02/15/01 1201 Federal Express Delivery 15~~296.55 02~~/15/01~~) ~~1202 All-Pro Cleaning Services Cleaning 50.00 02~~04/1527/01 ~~1203 Petty Cash Supplies 88.84 02~~N/~~15/01~~A ~~1204~~Qwik ~~Diebold~~Pay ~~Credit~~Payroll ~~Corporation~~taxes ~~Lease~~and ~~Payment~~fees 2(1,~~057~~244.2043) ~~02/28/01 1205 Nevada Power Company Utilities 108.34~~ ----------~~----------~~ Total Cash Disbursements $(141,~~283~~578.4740) -----------~~---------~~ Adjustments (explain) ~~02/16/01 Wire transfer fee $ (17~~0.00) ~~02/27/01~~----------- ~~Transfer to DIP Payroll Acct. (1,050.00) Total Adjustments $(1,067.00)~~ Ending Cash Balance (must be reconcilable to the bank statement for account cited above) $~~143,462~~ 22.5160 ===========~~=========~~ ------------------------------------------------------------------------------------------------------------------------------------

Exhibit 6 OFFICE OF THE UNITED STATES TRUSTEE - REGION 3 STATEMENT OF ~~CASH~~AGED ~~RECEIPTS~~RECEIVABLES ~~AND DISBURSEMENTS~~ For the Month Ending: 0204/2830/01 Debtor Name: Atlantic City Boardwalk ~~Account Name: Atlantic City Boardwalk~~ Associates, L.P. ~~Associates, L.P.~~ Case Number: 99-18903 JHW ~~Debtor~~========================= in====================== ~~Possession~~======================= ~~Lease~~====================== ~~Escrow~~====================== ~~Account~~Total ~~Depository:~~Due ~~Summit~~Current ~~Bank~~Past ~~CASH~~Due ~~RECEIPTS~~Past ~~(attach~~Due ~~additional~~Past ~~sheets~~Due as(0-30 ~~necessary~~Days) ~~Date~~(31-60 ~~Description~~Days) (~~Source~~61-90 Days) ~~Amount~~(91+Days) ~~02/01/01~~------------------------- ~~Beginning~~---------------------- ~~Cash~~----------------------- ~~Balance $1,561,077.66 02/01/01 Dividends received $ 7,073.57 Total Cash Receipts $ 7,073.57~~ ---------------------- ---------------------- Pre-petition 1,183,198 1,183,198 ------------------------- ---------------------- ----------------------- ---------------------- CASH DISBURSEMENTS (attach additional sheets as necessary) Date Check No. Payee Description Amount Total Cash Disbursements $ 0.00 Adjustments (explain) $ 0.00 Ending Cash Balance (must be reconcilable to the bank statement for account cited above) $1,568,151.23 ---------------------- Post-petition 595,112 595,112 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- Totals 1,778,310 1,778,310 ========================= ====================== ======================= ====================== ======================

Notes: 1. Please explain what actions have been taken to collect receivables more than 60 days past due. All accounts receivable are due from Claridge at Park Place, Inc. CPPI is bankruptcy debtor under Chapter 11. Some of the prepetition receivables are being held in escrow pursuant to an Order of the Bankruptcy Court in the CPPI bankruptcy case. -------------------------------------------------------------------------------- 2. Provide details on all receivables due from any affiliate of debtor in an attachment. --------------------------------------------------------------------------------

Exhibit 6 OFFICE OF THE UNITED STATES TRUSTEE - REGION 3 STATEMENT OF AGED RECEIVABLES For the Month Ending: 02/28/01 Debtor Name: Atlantic City Boardwalk Associates, L.P. Case Number: 99-18903 JHW ========================= ====================== ======================= ====================== ====================== Total Due Current Past Due Past Due Past Due (0-30 Days) (31-60 Days) (61-90 Days) (91+Days) ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- Pre-petition 1,183,198 1,183,198 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- Post-petition 595,112 595,112 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- Totals 1,778,310 1,778,310 ========================= ====================== ======================= ====================== ======================

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3 STATEMENT OF AGED PAYABLES For the Month Ending: 0204/2830/01 Debtor Name: Atlantic City Boardwalk Associates, L.P. Case Number: 99-18903 JHW ===================== ================== =================== ================== =================== ================== Account Current Past Due Past Due Past Due Name: Description: (0-30 Days) (31-60 Days) (61-90 Days) (91+Days) A/P Other $~~223~~343,~~366~~884 TOTALS $~~223~~343,~~366~~884 ===================== ================== =================== ================== =================== ==================

You may combine all payables less than 30 days past due and show on one line. Note: Please include only post-petition debts and explain why accounts over 30 days past due have not been paid.

ACCOUNTS PAYABLE RECONCILIATION: 1. Opening Balance (total from prior report) $ ~~192~~276,~~635~~593 -------------------- ~~--------------------~~ 2. Total New Indebtedness Incurred This Month 3173,~~023~~793 -------------------- ~~--------------------~~ 3. Balance (add lines 1 and 2) ~~223~~350,~~658~~386 -------------------- ~~--------------------~~ 4. Amount Paid on Prior Accounts Payable (~~292~~259) -------------------- 5. Adjust estimated payables to actual approved by court $ (6,243) -------------------- 56. Closing Balance (subtract line 4 from line 3) $ ~~223~~343,~~366 --------------------~~884

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3 STATEMENT OF OPERATIONS, TAXES, INSURANCE AND PERSONNEL For the Month Ending: 04/30/01 Debtor Name: Atlantic City Boardwalk Associates, L.P. Case Number: 99-18903 JHW 1. What efforts have been made toward the preparation of a plan of reorganization? The Debtor has filed a fourth joint plan of reorganization and disclosure statement with the Claridge at Park Place, Inc. and the Claridge Hotel and Casino Corporation. A hearing on the adequacy of the disclosure statement was held and before the Court is an Order Approving Fourth Amended Disclosure Statement; Form of Ballots and Establishing Solicitation Procedures. On May 16, 2001, the Court has scheduled a hearing on the confirmation of the plan of reorganization. --------------------------------------------------------------------------- 2. Has the debtor, 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 X No Identify amount, who was paid and date paid: --------------------------------------------------------------------------- 3. Provide a narrative report of significant events affecting debtor's business (attach separate sheet if necessary.) On December 21, 1999, the Bankruptcy Court entered a Stipulation and Order which provides, inter alia, for the payment of the Debtor's operating expenses through confirmation or termination of the case, subject to certain conditions and with approved budgets. Budgets through June 30, 2001 have been subsequently approved. --------------------------------------------------------------------------- 4. List any payment(s) on debt that has been personally guaranteed by any principal, partner or officer of the business. None --------------------------------------------------------------------------- 5. If assets have been sold in other than the ordinary course of business, please provide details as to the asset sold, date of sale, total sales price, deductions (i.e. commissions), and net amount received. On April 5, 2000, the Court authorized the sale, pursuant to section 363 of the Bankruptcy Code, of the Adjacent administrative building to the Sands Casino for the sum of $1.5 million, which is to be held in escrow, and $20 million in future rent abatements. --------------------------------------------------------------------------- 6. STATUS OF TAXES ============================= ========================= =================== =================== ====================== Amount Withheld or Post-Petition Taxes Accrued Amount Paid Date Paid Past Due ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- FEDERAL TAXES ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- FICA 211.14 04/27/01 ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- Withholding 50.00 04/27/01 ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- Unemployment 11.04 04/27/01 ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- Income ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- Other ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- STATE TAXES ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- Dept. of Labor & Industries 8.25 04/16/01 ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- Income ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- Employment Sec. 4.14 04/27/01 ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- Dept. of Revenue ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- B&O ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- Sales ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- Excise ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- OTHER TAXES ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- City Business ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- License ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- Personal Property ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- Real Property ----------------------------- ------------------------- ------------------- ------------------- ---------------------- ----------------------------- ------------------------- ------------------- ------------------- ---------------------- Other (List) ============================= ========================= =================== =================== ======================

Explain reason for any past due post-petition taxes: 7. SCHEDULE OF SALARY AND OTHER PAYMENTS TO PRINCIPALS/ EXECUTIVES/ INSIDERS* Payee Name Position Nature of Payment Amount ----------------------------------- --------------------------------- -------------------------------- ----------------------------- ----------------------------------- --------------------------------- -------------------------------- ----------------------------- Anthony C. Atchley General Partner General Partner fee $ 5,416.67 ----------------------------------- --------------------------------- -------------------------------- ----------------------------- ----------------------------------- --------------------------------- -------------------------------- ----------------------------- Gerald C. Heetland General Partner General Partner fee $ 5,416.67 ----------------------------------- --------------------------------- -------------------------------- ----------------------------- ----------------------------------- --------------------------------- -------------------------------- ----------------------------- *List accrued salaries whether or not paid and any draws of any kind or perks such as car etc. made to or for the benefit of any proprietor, owner, partner, shareholder, officer, director or insider. 8. SCHEDULE OF PAYMENTS TO ATTORNEYS AND OTHER PROFESSIONALS ------------------------------- ---------------------- --------------------- ------------------- ------------------- --------------- Appointment Amount Paid Date of Court Aggregate Estimated Date This Month Approval Received Balance Due ------------------------------- ---------------------- --------------------- ------------------- ------------------- --------------- ------------------------------- ---------------------- --------------------- ------------------- ------------------- --------------- Debtor's Counsel 10/29/99 nunc pro tunc to 10/5/99 $ $347,842.96 $248,635.72 ------------------------------- ---------------------- --------------------- ------------------- ------------------- --------------- ------------------------------- ---------------------- --------------------- ------------------- ------------------- --------------- Creditors' $ ------------------------------- ---------------------- --------------------- ------------------- ------------------- --------------- ------------------------------- ---------------------- --------------------- ------------------- ------------------- --------------- Trustee Counsel $ ------------------------------- ---------------------- --------------------- ------------------- ------------------- --------------- ------------------------------- ---------------------- --------------------- ------------------- ------------------- --------------- Accountants 10/29/99 nunc pro tunc to 10/5/99 $ $98,028.83 $ 95,001.79 ------------------------------- ---------------------- --------------------- ------------------- ------------------- --------------- Other: $ ------------------------------- ---------------------- --------------------- ------------------- ------------------- --------------- Identify fees accrued but not paid: Debtor's Counsel - $248,635.72 Accountants - $95,001.79

9. Explain any changes in insurance coverage which occurred during the reporting period. 10. PERSONNEL ============================================== ============================================ ======================================== Full Time Part Time ---------------------------------------------- -------------------------------------------- ---------------------------------------- Total number of employees at beginning of period 1 ---------------------------------------------- -------------------------------------------- ---------------------------------------- Number hired during the period 0 ---------------------------------------------- -------------------------------------------- ---------------------------------------- Number of terminated or resigned during period 0 ---------------------------------------------- -------------------------------------------- ---------------------------------------- Total number of employees on payroll at 1 period end ============================================== ============================================ ========================================

Total payroll for the period $1,380.00

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