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July Monthly Operating Report Corporate - Mg Operating Report

July Monthly Operating Report Corporate - Mg Operating Report

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Published by JSmithWSJ

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Published by: JSmithWSJ on Aug 21, 2012
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12-12321-mg Doc 362 Filed 08/21/12 Entered 08/21/12 10:16:55 Main DocumentPg 1 of 63
 
In re
DEWEY & LEBOEUF LLP
Case No.
12-12321
DebtorReporting Period:
July 1, 2012 - July 31, 2012
Amounts reported should be from the debtor’s books and not the bank statement. The beginning cash should be the ending cash from the prior month
or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH -
ACTUAL” column must equal the sum of the four bank account columns. Attach copies of the bank statements and the cash disbursements journal.
The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be
attached for each account. [See MOR-1 (CON’T)]
This schedule of cash receipts and disbursements includes domestic bank accounts related to the Debtor's operations. Excluded accounts are eitherinactive, held by foreign offices outside of the Debtor's control or held by non-Debtor affiliates.
ACCOUNT NUMBER (LAST 4)
JP MorganDepository#2983Citibank Operating#1596BofALockbox#4559JP MorganClient ProceedsAccount#2613JP MorganDisbursement ZBA#9750Other(Non-operating,Inactive Accounts)
(See NOTE 3)
CURRENT MONTHACTUAL (TOTALOF ALLACCOUNTS)Foreign Offices
(See NOTE 4)
CASH - BEGINNING OF MONTH (7/1)
2,871,034 2,661,089 400,921 23,624,130 (244,247) (142,697)
29,170,230
738,462
RECEIPTS
CASH SALES
-
-ACCOUNTS RECEIVABLE
(See NOTE 2)
15,532,898 1,178,424 2,777,410
19,488,732
159,349LOANS AND ADVANCES
-
-OTHER 292,353 112,024 379 (711)
404,044
33,778TRANSFERS (11,786,067) (2,170,451) 14,170,451 62,887 (276,820)
-
-
TOTAL RECEIPTS 4,039,184 1,290,448 606,959 14,170,830 62,887 (277,532) 19,892,777 193,127DISBURSEMENTS
WIND DOWN COMPENSATION 535,686
535,686
7,609DISSOLUTION COMMITTEE 269,997
269,997
-BENEFITS 187,981 21,386 367
209,735
-EMPLOYEE EXPENSE REIMBURSEMENTS 34,162 2,163
36,324
-OCCUPANCY EXPENSES 271,850
271,850
-DATACENTER / DR CO-LO 119,256
119,256
-LEASED EUIPMENT - 21,069
21,069
-PROFESSIONAL LIABILITY INSURANCE 974,834
974,834
-GENERAL INSURANCE 105,235 5,532
110,767
-IT / CRITICAL SYSTEMS 76,773 26,150
102,923
-RECORD MANAGEMENT / STORAGE 142,213
142,213
-COMMUNICATION 27,176 16,929
44,104
6,619PROFESSIONAL FEES 383,830
383,830
-TAXES 217,971
217,971
-OTHER OPERATING EXPENSES 17,391 55 17,222
34,668
35,988BANK FEES 14,138 14,491 1,684 301
30,614
897VOIDED CHECKS (1,534) (445,173)
(446,707)
-CASH FLOW SWEEP 25,716,000
25,716,000
-
TOTAL DISBURSEMENTS 3,158,988 35,932 1,684 25,716,301 307,402 (445,173) 28,775,134 51,112
NET CASH FLOW(RECEIPTS LESS DISBURSEMENTS)
CASH – END OF MONTH (7/31)
3,751,230 3,915,605 1,006,196 12,078,659 (488,762) 24,945
20,287,873
880,477
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
28,775,134--51,11228,826,246PLUS: FOREIGN OFFICE DISBURSEMENTS
(See NOTE 4)
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE(8,882,357)
880,195 1,254,516 605,275 (11,545,471) (244,514) 167,642
NOTE 3:
Beginning book balance includes reclassifications and adjustments to June balances. July activity reflects the closing of accounts and transfers to operatingaccounts.142,015
NOTE 1:
Includes bank accounts related to the Debtor's operations. Excluded accounts are those held by foreign offices outside of the Debtor's control or held by non-Debtor affiliates.
NOTE 2:
Accounts receivables invoiced post-petition and collected within the current reporting period was approximately $3.9 million.
NOTE 4:
Foreign office disbursements for the current reporting period are compromised of disbursements made from the Debtor’s Frankfurt, Germany office bank 
accounts. All cash balances and cash receipts and disbursements were translated into US Dollars at the average rate for July (1.2309). There were no differences
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
BANK ACCOUNTS
(See NOTE 1)
TOTAL DISBURSEMENTS
LESS: TRANSFERS TO OTHER DEBTOR IN POSSESSION ACCOUNTSPLUS: PREPAYMENT REVERSALS (i.e. from escrow accounts)
FORM MOR-12/2008PAGE 2 OF 10
12-12321-mg Doc 362 Filed 08/21/12 Entered 08/21/12 10:16:55 Main DocumentPg 2 of 63
 
In re
DEWEY & LEBOEUF LLP
Case No.
12-12321
DebtorReportin Period:
July 1, 2012 - July 31, 2012
Continuation Sheet for MOR-1
A bank reconciliation must be included for each bank account. The debtor's bank reconciliation may be substituted for this page.(Bank account numbers may be redacted to last four numbers.)
JP MorganDepositoryCitibank OperatingBofALockboxJP MorganClientProceedsAccountJP MorganDisbursementZBAOtherAccountsForeignOffices
#2983#1596#4559#2613#9750
BALANCE PER BOOKS
3,751,230 3,915,605 1,006,196 12,078,659 (488,762) 24,945 880,477BANK BALANCE 3,601,027 4,194,253 996,699 12,078,659 - 22,053 880,477(+) DEPOSITS INTRANSIT(-) OUTSTANDINGCHECKS(10,425) (166,753) (488,762)OTHER
(ATTACH  EXPLANATION 
160,628 (111,895) 9,497 2,892
ADJUSTED BANKBALANCE *
3,751,230 3,915,605 1,006,196 12,078,659 (488,762) 24,945 880,477
*"Adjusted Bank Balance" must equal "Balance per Books"
DEPOSITS IN TRANSIT
DateAmountDateAmountAmountAmount
(Available upon request)
CHECKS OUTSTANDING
Ck. #
AmountCk. #AmountAmountAmount
(Available upon request)
OTHER
(Available upon request)
BANK RECONCILIATIONS
Closing balances as of 7/31/2012
FORM MOR-1 (CONT.)2/2008PAGE 3 OF 10
12-12321-mg Doc 362 Filed 08/21/12 Entered 08/21/12 10:16:55 Main DocumentPg 3 of 63

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