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<PAGE>
Exhibit 99
Sunterra Corporation
Consolidated Debtor and Non-Debtor Entities
Balance Sheet
July 31, 2000
Total
Consolidated
--------------
Assets:
------
Cash and cash equivalents $ 16,825,828
Cash in escrow and restricted cash 39,062,230
Mortgage receivables, net 254,808,235
Retained interests 28,450,184
Intercompany receivable -
Due from related parties 19,676,041
Other receivables, net 67,775,878
Prepaid expenses and other assets 16,032,831
Investment in joint ventures 20,072,112
Real estate and development costs 346,375,248
Property and equipment, net 131,188,878
Intangible assets 102,258,956
--------------
Total assets $1,042,526,421
==============
Liabilities and equity:
----------------------
Accounts payable subject to compromise $ 82,631,902
Notes payable subject to compromise 479,574,643
Accounts payable not subject to compromise 22,670,527
Accrued liabilities 59,430,987
Notes payable not subject to compromise 246,537,260
Deferred taxes 6,481,757
--------------
Total liabilities 897,327,076
--------------
Stockholders' equity 145,199,345
Total liabilities and equity $1,042,526,421
==============
<PAGE>
Sunterra Corporation
Consolidated Debtor and Non-Debtor Entities
Income Statement
For the Month Ended July 31, 2000
Total
Consolidated
--------------
Revenues:
--------
Vacation interests sales $ 13,897,493
Interest income 2,637,679
Other income (loss) 3,174,677
--------------
Total revenues 19,709,849
--------------
Costs & operating expenses:
--------------------------
Vacation interests cost of sales 3,334,716
Advertising, sales and marketing 7,604,559
Provision for doubtful accounts 3,215,184
Loan portfolio expenses 793,326
General & administrative 5,162,126
Depreciation & amortization 2,114,508
--------------
Total costs & operating expenses 22,224,419
--------------
(Loss) income from operations (2,514,570)
Interest expense 2,811,277
Realized loss on available-for-sale securities 674,192
Equity (gain) on investment in joint ventures (325,776)
Bankruptcy expenses 1,361,717
--------------
Loss before provision for taxes (7,035,980)
Provision for income taxes 98,699
--------------
Net (loss) income $ (7,134,679)
==============
<PAGE>
Form No. 5
(page 1)
UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF MARYLAND
OFFICE OF UNITED STATES TRUSTEE
IN RE: ) CHAPTER 11
SUNTERRA CORPORATION et al., ) Case No. 00-5-6931-JS
----------------
)
Debtor(s) )
MONTHLY OPERATING REPORT Calendar Month July 1 to July 31, 2000
----------------------------
FINANCIAL BACKGROUND INFORMATION
1. ACCOUNT STATUS: Cash _____________ Accrual X
---------------------
2. PREPARER: State the name, address, telephone number and position of the
person(s) who actually compiled the information contained in this report.
Ann Cohen, Vice President
-------------------------------------------------------------------------
6177 South Lake Ellenor Drive, Orlando, Florida 32809 (407) 532-1000
-------------------------------------------------------------------------
3. EMPLOYEE INFORMATION:
Number of employees paid this period: 825
-------------------
Current number of employees 825
-------------------
Gross monthly payroll:
Officers, directors and principals $ 311,820
-----------------
Other employees $ 1,248,677
-----------------
All post-petition payroll obligations
including payroll taxes are current.
Exceptions: None
-------------------
4. Have there been any CHANGES IN THE NATURE OF YOUR BUSINESS or STATUS OF
OPERATIONS since the last reporting period? Yes ____ No X . If yes,
---
explain:
_________________________________________________________________________
_________________________________________________________________________
5. Are all BUSINESS LICENSES or BONDS current?
Yes X No ____ Not Applicable ____
---
6. PRE-PETITION ACCOUNTS RECEIVABLE:
Calculation still in process, will supply at a later date.
Collected this Period $
_________________
Ending Balance $
_________________
7. POST-PETITION ACCOUNTS RECEIVABLE: Calculation still in process, will
supply at a later date.
0-30 Days: $________ 31-60 Days: $________ Over 60 Days: $________
<PAGE>
Form No. 5
(page 2)
If there are any post-petition Accounts Receivable over 60 days, provide
-------------
Schedule AR giving a listing of such accounts and explain the delinquencies.?
Yes ____ No ____.
8. POST-PETITION ACCOUNTS PAYABLE:
0-30 Days: $2,100,749__ 31-60 Days: $153,132 Over 60 Days: $0_
---------- -------- --
If there are any post-petition Accounts Payable over 30 days, provide Schedule
-------------
AP giving a listing of such accounts and explain the delinquencies. The AP
schedule, which provides the details for the prior period is not available. This
schedule is updated and reflects only the current period.
9. TAXES: Are all taxes being paid to the proper taxing authorities when due?
Yes X No ____.
---
On the attached IRS Form 6123 report all tax deposits made with any financial
institution for federal employment taxes during the reporting period. Be sure
the form is complete and signed by an authorized employee of the receiving
institution or taxing authority. Also attach copies of the monthly sales tax
statement, payroll tax statement, unemployment tax statement AND real estate tax
statement with evidence of payment of these taxes.
10. BANK ACCOUNTS: Have you changed banks or any other financial institution
during this period: Yes ___ No _X___.
If yes, explain:__________________________________________________________
__________________________________________________________________________
11. Are all BOOKS AND RECORDS of the debtor(s) being maintained monthly and are
all current? Yes X No ____.
---
If no, explain:___________________________________________________________
__________________________________________________________________________
12. INSURANCE: Policy expiration dates: Same as Attachment B as filed in the
June MOR.
Auto and Truck _________________ Liability ___________________
Fire _________________ Workers Comp ___________________
Other _________________ Expires: ___________________
13. ACTIONS OF DEBTOR. During the last month, did the Debtor: (a) Fail to
defend or oppose any action seeking to dispossess the debtor from control
or custody of any asset of the estate? Yes ____ No X .
---
If yes, explain:__________________________________________________________
__________________________________________________________________________
OR consent to relief from the automatic stay (Section 362)? Yes ____ No X .
---
<PAGE>
Form No. 5
(page 3)
If yes, explain:__________________________________________________________
__________________________________________________________________________
(b) Maintain such stock, inventory, raw materials, insurance, employees and
other resources as are necessary to preserve and maintain the going concern
value of the assets of the debtor? Yes X No
--- ___
If no, explain:___________________________________________________________
__________________________________________________________________________
14. TRANSFER OR SALE OF PROPERTY: Did the Debtor or any person with control
over any of the Debtor's assets transfer, convey or abandon any of Debtor's
---
assets to another party during the period of this report other than as set
forth herein (including sales by creditors)? Yes ____ No X .
---
If yes, explain:__________________________________________________________
__________________________________________________________________________
If yes, a copy of court order authorizing the referenced action must be
----
attached.
Please discuss any pending motions to sell estate assets:
Type of Motion Brief Description of Asset Projected Income
-------------- -------------------------- ----------------
_____________________ _______________________________ ___________________
_____________________ _______________________________ ___________________
_____________________ _______________________________ ___________________
You may attach a copy of the notice of sale in lieu of completing the
description. Indicate if notice(s) attached. Yes: ____
15. PAYMENTS TO SECURED CREDITORS during Reporting Period:
<TABLE>
<CAPTION>
Frequency of Amount Next Post-Petition
Payments per of Each Payment Pmts. Not Made
Creditor Contract Payment Due No. Amt
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Finova (endpaper) $ 315,920
-------------------------------------------------------------------------------------------------------------------
Ableco Financing $ 307,917
-------------------------------------------------------------------------------------------------------------------
First Union $ 27,872
-------------------------------------------------------------------------------------------------------------------
98-A Securitization $1,298,320
-------------------------------------------------------------------------------------------------------------------
99-A Securitization $1,853,253
-------------------------------------------------------------------------------------------------------------------
99-B Securitization $1,298,320
-------------------------------------------------------------------------------------------------------------------
Pasquale Rinalde (Cypress mortgage) $ 1,805
-------------------------------------------------------------------------------------------------------------------
GE Capital (Matrix leases) $ 163,301
-------------------------------------------------------------------------------------------------------------------
___________________________________________________________________________________________________________________
</TABLE>
<PAGE>
Form No. 5
(page 4)
16. PAYMENTS TO PROFESSIONALS (Attorneys, Accountants, Real Estate Agents,
Auctioneers, Appraisers, etc.) during Reporting Period:
<TABLE>
<CAPTION>
Professional Service Amount Paid
------------ ------- -----------
<S> <C> <C>
Schulte Roth Zabel legal $107,639
----------------------------------------------------------------------------------------------------------------
David Fleishman legal - San Luis Bay $ 4,654
----------------------------------------------------------------------------------------------------------------
Needles & Rosenberg legal/trademark renewal $ 1,780
----------------------------------------------------------------------------------------------------------------
Needles & Rosenberg legal/trademark renewal $ 950
----------------------------------------------------------------------------------------------------------------
Ralph Brekan & Co. acquisitions services $ 2,500
----------------------------------------------------------------------------------------------------------------
</TABLE>
Note: If payments were made to any professional during the reporting period, a
----
copy of the order authorizing payment must be attached.
----
17. QUARTERLY U.S. TRUSTEE FEES paid during Reporting Period: Monthly
Disbursements: Month 1 $____________
(calendar quarter) Month 2 $____________
Month 3 $____________
Total $____________
Fee Paid $ 0
-----------
VERIFICATION
I declare under penalty of perjury that the information contained in this
Monthly Operating Report (including schedules) is true and correct to the best
of my knowledge, information and belief.
Dated: 10/2/00 DEBTOR IN POSSESSION
----------------------------------
Name/Title: David Hawthorne, CFO By: /s/ DAVID E. HAWTHORNE
---------------------------------- -----------------------
Address: 6177 South Lake Ellenor Drive, Orlando, Florida 32809
-------------------------------------------------------------------
Telephone: (407) 532-1000
----------------------------------
REMINDER: Attach copies of debtor in possession bank statements.
--------
NOTE: Due to the number of bank accounts, no bank statements have been attached.
See June MOR and Attachment D for bank account listing.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The business of the Debtor is complex. While every effort has been made to make
the July Monthly Operations Report accurate and complete, unintentional errors
or omissions may exist. In the event that errors or omissions are discovered,
the July Operating Report will be supplemented and/or amended as appropriate.
ADDENDUM TO MONTHLY OPERATING REPORT
The Debtors have sought to report all information contained in this Monthly
Operating Report completely and accurately. The Debtors will review their
records and other information on an on-going basis to determine whether this
Monthly Operating Report should be supplemented or otherwise amended. The
Debtors reserve the right to file, at any time, such supplements or amendments
to this Monthly Operating Report as the Debtors deem appropriate. This Monthly
Operating Report should not be considered an admission regarding any of the
Debtors' income, expenditures or general financial condition, but rather the
Debtors' current compilation of such information based on their investigations
to date. The Debtors do not make, and specifically disclaim, any representation
or warranty as to the completeness or accuracy of the information set forth
herein. All parties are encouraged to inform the Debtors or their counsel should
they believe any part of this Monthly Operating Report to be inaccurate,
incomplete or in need of supplementation in any way.
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF MARYLAND
(Baltimore Division)
In re: *
SUNTERRA CORPORATION, et al., * Case Nos. 00-5-6931-JS through
------ 00-5-6967-JS, 00-5-8313-JS
Debtors. * (Chapter 11)
* (Jointly Administered
under Case No. 00-5-6931-JS)
* * * * * * * * * *
CERTIFICATE OF SERVICE
I certify that on this 16/th/ day of October, 2000, a copy of the Debtors'
consolidated July Monthly Operating Report was sent by first-class mail, postage
prepaid, to:
Karen H. Moore, Esquire
Office of the United States Trustee
300 West Pratt Street, Suite 350
Baltimore, Maryland 21201
Brad E. Scheler, Esquire
Fried, Frank, Harris, Shriver & Jacobson
One New York Plaza
New York, New York 10004
Joel I. Sher, Esquire
Shapiro Sher & Guinot
36 South Charles Street
Baltimore, Maryland 21201
/s/ MARTIN T. FLETCHER
-------------------------------
Martin T. Fletcher, Bar No. 07608
WHITEFORD, TAYLOR & PRESTON, LLP
Co-Counsel for Debtors and Debtors
in Possession
Seven Saint Paul
Street - Suite 1400
Baltimore, Maryland 21202
(410) 347-8700
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Total
Consolidated
Legal entity Sunterra
Bankruptcy filing number Corporation
Revenues: -----------
--------
Vacation interests sales $ 7,177,973
Interest income 2,488,849
Other income (loss) 602,146
-----------
Total revenues 10,268,968
-----------
Costs & operating expenses:
--------------------------
Vacation interests cost of sales 1,918,427
Advertising, sales and marketing 4,034,708
Provision for doubtful accounts 3,170,070
Loan portfolio expenses 784,851
General & administrative 3,160,787
Depreciation & amortization 1,538,596
-----------
Total costs & operating expenses 14,607,439
-----------
(Loss) income from operations (4,338,471)
Interest expense 2,849,380
Realized loss on available-for-sale securities 674,192
Bankruptcy expenses 1,361,717
-----------
Loss before provision for taxes (9,223,760)
Provision for income taxes -
-----------
Net (loss) income $(9,223,760)
===========
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Total
Consolidated
Legal entity Sunterra
Bankruptcy filing number Corporation
Assets: -----------
------
Cash and cash equivalents $ 8,343,151
Cash in escrow and restricted cash 24,887,480
Mortgage receivables, net 237,514,987
Retained interests 28,450,184
Intercompany receivable 115,567,773
Due from related parties 6,855,469
Other receivables, net 56,360,880
Prepaid expenses and other assets 12,880,542
Investment in joint ventures 1,367,373
Real estate and development costs 291,349,369
Property and equipment, net 97,563,436
Intangible assets 56,584,262
------------
Total assets $937,724,906
============
Liabilities and equity:
----------------------
Accounts payable subject to compromise $ 82,631,902
Notes payable subject to compromise 479,574,643
Accounts payable not subject to compromise 9,697,902
Accrued liabilities 20,280,704
Notes payable not subject to compromise 245,659,159
Deferred taxes 6,075,298
------------
Total liabilities 843,919,608
------------
Stockholders' equity 93,805,298
Total liabilities and equity $937,724,906
============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Total
Consolidated
Legal entity Sunterra
Bankruptcy filing number Corporation
-----------
Beginning Cash Balance a $ 9,964,516
----------------------
Interest Income on full DIP draw 46,841
Deposit/Collections
-------------------
Cash-Out Program 97,517
Encore 578,353
Rental Income 426,284
Ticket Sales 2,353,662
Other-Design International 10,147
Tour Sales 3,684
Closing Costs 285
Operating Refunds 238,969
Conversions 30,045
Exit Package Sales -
Management Fees 6,814
Escrow Funds 156,113
Sunterra's Collections on Mortgages Receivable 3,474,922
Vacation Ownership Sales 150,804
Sunterra Finance Servicing Fee Income 97,228
Tax Refunds 1,210
Employee Payroll Deduction Reimbursement 39,373
HOA Property Insurance Reimbursement 27,693
HOA WC/GL Insurance Reimbursement 216,916
Non-Debtor Insurance Reimbursement -
Non-Debtor Reimbursements 37,863
-----------
Subtotal-Deposit/Collection Inflows 7,947,881
Resort Operating & Payroll Balances (added back) b 2,940,687
Other
-----
Asset Sales -
Scottsdale Fire Insurance Claims 218,141
-----------
Total Cash Inflows $11,153,550
-----------
<PAGE>
United States Bankruptcy Court For the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Total
Consolidated
Legal entity Sunterra
Bankruptcy filing number Corporation
-----------
Outflows:
---------
Operating-Corporate $ 846,921
Operating-Sunterra Finance 512,353
Operating-Premier (Orlando) 1,332,077
Operating-Carlsbad 49,971
Operating-FATT 9,155
Operating-Myrtle Beach 32,282
Operating-Resorts 964,647
Payroll-Corporate 1,503,721
Payroll-Sunterra Finance 158,804
Payroll-RMI 264,927
Payroll-FATT 27,731
Payroll-Resorts(S&W) 1,090,961
Commissions-Pre 230
Commissions-Post 779,319
HOA Subsidies & Maintenance Fees 2,527,707
Health Claims 760,465
Insurance - Coverage Premiums 509,311
Insurance - Performance Bonds 105,000
Property Taxes 2,500
DIP Financing Fees 26,667
IT Equipment Lease 163,301
Professional Fees 122,074
------------
Subtotal of Operating Outflows 11,790,124
Capital Expenditures & Maintenance
----------------------------------
Hurricane Repairs 200,000
Interest /Financing
-------------------
Interest on First Union Line 27,972
Interest Expense on DIP 281,250
-----------
Total Outflows $12,299,346
Ending Cash Balance $ 8,818,720
Non cash adjustments (134,510)
-----------
Balance per Cash Flow $ 8,684,210
<PAGE>
United States Bankruptcy Court For the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Total
Consolidated
Legal entity Sunterra
Bankruptcy filing number Corporation
-----------
Reconciliation
--------------
Bank Balances:
First Union 2,832,698
Bank of America 45,911
Salomon Smith Barney 4,299,222
Credit Card Reserve c 415,896
Resort Cash Accounts b 5,128,136
--------------
Total Bank Balances $ 12,721,863
--------------
Less Outstanding Checks (4,037,653)
--------------
Total Cash per Balance Sheet $ 8,684,210
--------------
Difference
Notes to Debtors' Cash Flow
---------------------------
a) Beginning cash balance includes Corporate Cash only
b) This represents the funding of various bank accounts by the Corporate office.
Cash left the Corporate bank account (and is listed in the outflows) but due to
timing, this cash is still in the cash accounts at the resort levels.
c) Chase credit card reserve is presented on the balance sheet as a reserve and
not a cash balance. Cash Flow shows cash received, but held in a reserve account
by Chase. Not cash available for operating uses.
The consolidated and legal entities cash flows represent the cash activity in
and out of the Corporate main accounts that fund all the individual resort cash
accounts and do not reflect cash flow for the individual cash accounts.
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Sunterra
Legal entity Corporation
Bankruptcy filing number 00-5-6931-JS
------------
Revenues:
---------
Vacation interests sales $ 1,035,410
Interest income -
Other income (loss) 222,016
------------
Total revenues 1,257,426
------------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales 215,401
Advertising, sales and marketing 780,329
Provision for doubtful accounts 6,150
Loan portfolio expenses 4,143
General & administrative 2,697,130
Depreciation & amortization 1,233,032
------------
Total costs & operating expenses 4,936,185
------------
(Loss) income from operations (3,678,759)
Interest expense 1,623,440
Realized loss on available-for-sale securities -
Bankruptcy expenses 1,361,717
------------
Loss before provision for taxes (6,663,916)
Provision for income taxes -
------------
Net (loss) income $ (6,663,916)
============
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Sunterra
Legal entity Corporation
Bankruptcy filing number 00-5-6931-JS
------------
Assets:
------
Cash and cash equivalents $ 6,213,914
Cash in escrow and restricted cash 5,257,862
Mortgage receivables, net 9,668
Retained interests -
Intercompany receivable 378,597,305
Due from related parties 5,088,027
Other receivables, net 20,433,439
Prepaid expenses and other assets 6,734,909
Investment in joint ventures 1,502,420
Real estate and development costs 118,317,173
Property and equipment, net 78,816,084
Intangible assets 39,692,314
--------------
Total assets $ 660,663,115
==============
Liabilities and equity:
----------------------
Accounts payable subject to compromise $ 47,752,806
Notes payable subject to compromise 478,400,000
Accounts payable not subject to compromise 6,135,344
Accrued liabilities 15,481,459
Notes payable not subject to compromise 137,675,040
Deferred taxes 6,056,378
--------------
Total liabilities 691,501,027
--------------
Stockholders' equity (30,837,912)
Total liabilities and equity $ 660,663,115
==============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors Cash Flow Statement
For the Month Ended July 31, 2000
Sunterra
Legal entity Corporation
Bankruptcy filing number 00-5-6931-JS
Inflows: ------------
-------
Interest Income on full DIP draw $ 46,841
-------------
Deposit/Collection
------------------
Encore 188,403
Rental Income 444,483
Tours 3,788
Operating Refunds 211,364
Conversions 29,945
Management Fees 6,814
Escrow Funds 174,228
Sunterra's Collections on Mortgages Receivable 3,474,922
Employee Payroll Deduction Reimbursement 27,664
HOA Property Insurance Reimbursement 27,693
HOA WC/GL Insurance Reimbursement 216,916
Non-Debtor Insurance Reimbursement -
Non-Debtor Reimbursements 37,863
-------------
Subtotal-Deposit/Collection Inflows 4,844,082
Other
-----
Asset Sales -
Scottsdale Fire Insurance Claims 218,141
-------------
Total Cash Inflows 5,109,064
-------------
Outflows:
--------
Operating-Corporate 846,921
Operating-FATT 9,155
Operating-Resorts 263,965
Payroll-Corporate 1,503,721
Payroll-FATT 27,731
Payroll-Resorts(S&W) 154,458
Commissions-Post 118,951
HOA Subsidies & Maintenance Fees 2,428,257
Health Claims 760,465
Insurance - Coverage Premiums 509,311
Insurance - Performance Bonds 105,000
Property Taxes 2,500
DIP Financing Fees 26,667
IT Equipment Lease 163,301
Professional Fees 122,074
-------------
Total Cash Outflows $ 7,042,477
-------------
<PAGE>
United States Bankruptcy Court For the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Sunterra
Legal entity Corporation
Bankruptcy filing number 00-5-6931-JS
------------
Capital Expenditures & Maintenance
----------------------------------
Hurricane Repairs 200,000
Interest/Financing
------------------
Interest on First Union Line 27,972
Interest Expense on DIP 281,250
------------
Total Cash Outflow for Corporate $ 7,551,699
------------
Notes to Debtors' Cash Flow
---------------------------
Represents the funding of various bank accounts by the Corporate Office. Cash
left the Corporate bank account (and is listed in the outflows) but due to
timing issues, this cash is still in the cash accounts at resort levels.
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Corp 7/5/00 California Dept of Real Estate Corp Renewal Fee for Conditional Public Rpt 450.00
Corp 7/6/00 Treasurer of Virginia Corp Renewal Fee- State of Virginia 500.00
Corp 7/18/00 Arizona Div Child Support Corp Garnishment (reissue check) 400.70
Corp 7/18/00 State of Missouri Corp EPL (reissue check) 486.45
Corp 7/18/00 Department of Commerce - Hawaii Corp EPL (reissue check) 2,282.56
Corp 7/19/00 North Carolina Real Estate Board Corp 800.00
Corp 7/19/00 Georgia Sec of State Corp 60.00
Corp 7/19/00 Nevada Secretary of State Corp 85.00
Corp 7/19/00 Orange County Comptroller Corp 24.00
Corp 7/19/00 Sec of State Illinois Corp 174.50
Corp 7/19/00 Sec of State Iowa Corp 5.00
Corp 7/19/00 State of Missouri Corp 10.00
Corp 7/19/00 Treasurer Virginia Corp 620.00
Corp Clerk of Court-Orange Corp 6.00
Corp 7/26/00 Bureau of Elevator Safety Corp Renewal application 32.00
Corp 7/26/00 Florida Bar Corp Business law 120.00
Corp 7/26/00 Fla Dept of Corp Return ck charge 15.00
Corp 7/26/00 Fla Secretary of State Corp File amendments - Fl annual report 1,347.50
Corp 7/26/00 Nevada Sec of State Corp File annual report 85.00
Corp 7/26/00 Orange Cty Comptroller Corp Record notice of commencement 33.00
Corp 7/26/00 State of Colorado Corp Periodic report 100.00
Corp 7/26/00 State of Michigan Corp Annual report info 15.00
Corp 7/26/00 State Treasurer of Washington Corp Renew annual report 84.00
Corp 7/26/00 Sec of State Georgia Corp Renew annual report 15.00
Corp 7/26/00 Sec of State Minnesota Corp Renew annual report 60.00
Corp 7/26/00 Office bank & Real Estate - Illinois Corp Amendment fees 500.00
Corp 7/27/00 State of Nevada Corp 500.00
Corp 7/27/00 State of New Jersey Corp 750.00
Total for Governmental Fees & Taxes - Corp - 9,560.71
Corp 7/19/00 Configurations Corp Storage rent 73.60
Corp 7/26/00 Lake Ellenor Business center Corp Rent 30,037.64
Corp 7/26/00 Public Storage Corp Rent 564.98
Corp 7/26/00 Tahitian Investments Corp Rent 27,449.37
Corp 7/27/00 Public Storage Corp Rent 2,241.51
Sub-Total for Property Rent - Corp - 60,367.10
Corp 7/6/00 Pitney Bowes Credit Corp 1,176.84
Corp 7/3/00 Matrix Corp IT Equipment Lease 163,301.38
Corp 7/12/00 Danka Financial Corp Copier Leases 4,246.26
Corp 7/19/00 GE Capital Corp Modular space Bent Creek 63.90
Corp 7/19/00 Neopost Corp Mail Machine 771.16
Corp 7/19/00 Newcort Leasing Corp Furniture Sedona 2,760.65
Corp 7/25/00 Aaron rents Corp Furniture 6,654.44
Corp 7/26/00 Cort Furniture Rental Corp Furniture 221.54
Corp Public Storage Corp 1,661.56
Total for Equipment Leases - Corp 180,857.73
Corp 7/5/00 Orlando Utilities Corp Electric 950.16
Corp 7/12/00 Orlando Utilities Corp Electric 7,210.81
Corp 7/19/00 Orlando Utilities Corp Electric 3,771.94
Corp 7/25/00 Florida Power Corp Utilities 3,040.00
Sub-Total for Utilities - Corp - 14,972.91
Corp 7/5/00 AT & T Wireless Corp phone 95.76
Corp 7/5/00 Nextel Corp phone 411.05
Corp 7/12/00 Pacific Bell Corp phone 94.26
Corp 7/12/00 Nextel Corp phone 73.68
Corp 7/19/00 Bell South Corp phone 47,650.06
Corp 7/19/00 Cable & Wireless Corp conference call 13,891.60
Corp 7/19/00 Sprint Corp phone 71,323.40
Corp 7/19/00 Verizon Wireless Corp phone 1,129.63
Corp 7/26/00 AT & T wireless Corp Phone 136.45
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Petition 1st Day Order Subsequent wire Date Total
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Corp 450.00 ck 7/6/00 450.00
Corp 500.00 ck 7/6/00 500.00
Corp 400.70 400.70
Corp 486.45 486.45
Corp 2,282.56 2,282.56
Corp 800.00 800.00
Corp 60.00 60.00
Corp 85.00 85.00
Corp 24.00 24.00
Corp 174.50 174.50
Corp 5.00 5.00
Corp 10.00 10.00
Corp 620.00 620.00
Corp 6.00 6.00
Corp 32.00 32.00
Corp 120.00 120.00
Corp 15.00 15.00
Corp 1,347.50 1,347.50
Corp 85.00 85.00
Corp 33.00 33.00
Corp 100.00 100.00
Corp 15.00 15.00
Corp 84.00 84.00
Corp 15.00 15.00
Corp 60.00 60.00
Corp 500.00 500.00
Corp 500.00 ck 7/27/00 500.00
Corp 750.00 ck 7/27/00 750.00
- 3,169.71 6,391.00 9,560.71
Corp 73.60 73.60
Corp 30,037.64 30,037.64
Corp 564.98 564.98
Corp 27,449.37 27,449.37
Corp 2,241.54 ck 7/27/00 2,241.51
-
60,367.10 60,367.10 60,367.13 60,367.10
Corp 1,176.84 ck 7/6/00 1,176.84
Corp 163,301.38 wire 7/3/00 163,301.38
Corp 4,246.26 4,246.26
Corp 63.90 63.90
Corp 771.16 771.16
Corp 2,760.65 2,760.65
Corp 6,654.44 6,654.44
Corp 221.54 221.54
Corp 1,661.56 1,661.56
180,857.73 180,857.73
Corp 950.16 ck 7/5/00 950.16
Corp 7,210.81 7,210.81
Corp 3,771.94 3,771.94
Corp 3,040.00 3,040.00
-
- - 14,972.91 14,972.91
Corp 95.76 ck 7/5/00 95.76
Corp 411.05 ck 7/5/00 411.05
Corp 94.26 94.26
Corp 73.68 73.68
Corp 47,650.06 47,650.06
Corp 13,891.60 13,891.60
Corp 71,334.38 71,323.40
Corp 1,129.63 1,129.63
Corp 136.45 136.45
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission Other
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Corp 7/26/00 Bell South Corp Phone 1,304.28
Corp 7/26/00 GTE Midwest Corp Phone 59.99
Corp 7/26/00 Nextel Corp Phone 188.66
Corp 7/26/00 Progressive Communication Corp Phone 272.21
Corp 7/26/00 Sprint Corp Phone 174,358.23
Corp 7/26/00 Verizon Corp Phone 506.55
Sub Total for Telephone - Corp - 311,495.81
Corp 7/5/00 Afco Corp Insurance financing 45,520.35
Corp 7/5/00 Imperial Premium Finance Corp Insurance financing 342,721.24
Corp 7/5/00 Cigna Corp Claims Funding 48,926.46
Corp 7/5/00 Met-Life Dental Corp Claims Funding 5,305.00
Corp 7/5/00 Cigna Corp Claims Funding 1,901.32
Corp 7/6/00 Met-Life Dental Corp Claims Funding 4,953.70
Corp 7/6/00 Cigna Corp Claims Funding 41,691.67
Corp 7/6/00 Cigna Corp Claims Funding 384.81
Corp 7/7/00 Cigna Corp Claims Funding 233.40
Corp 7/7/00 Met-Life Dental Corp Claims Funding 1,674.00
Corp 7/7/00 Cigna Corp Claims Funding 18,322.67
Corp 7/11/00 AFCO Corp Insurance financing 21,095.91
Corp 7/11/00 Cigna Corp Medical Claims Funding 86,750.68
Corp 7/11/00 Met Life Corp Dental Claims Funding 9,447.30
Corp 7/11/00 Cigna Corp Medical Claims Funding 1,282.52
Corp 7/11/00 Aflac Corp Reissue checks 17,036.30
Corp 7/12/00 Cigna Corp Medical Claims Funding 32,200.00
Corp 7/13/00 Cigna Corp Medical Claims Funding 43,397.71
Corp 7/13/00 Met Life Corp Dental Claims Funding 2,114.30
Corp 7/13/00 Marsh Corp D & O litigation consultants 25,000.00
Corp 7/13/00 Colonial Life Corp 415.50
Corp 7/14/00 Cigna Corp Medical Claims Funding 114,918.11
Corp 7/14/00 Cigna Corp Medical Claims Funding 10,538.00
Corp 7/14/00 Met Life Corp Dental Claims Funding 5,988.60
Corp 7/12/00 Met Life Corp Dental Claims Funding 6,169.80
Corp 7/17/00 Cigna Corp Claims Funding 625.00
Corp 7/17/00 Cigna Corp Claims Funding 13,154.71
Corp 7/17/00 Met life Dental Corp Claims Funding 3,265.20
Corp 7/18/00 Met life Dental Corp Claims Funding 1,293.90
Corp 7/18/00 Cigna Corp Claims Funding 16,958.57
Corp 7/19/00 Cigna Corp Claims Funding 80,173.01
Corp 7/19/00 Met life Dental Corp Claims Funding 5,104.80
Corp 7/19/00 WHP Health Corp prescription 49,363.86
Corp 7/21/00 Aflac Corp 5,452.60
Corp Cigna Corp Claims Funding 12,763.78
Corp Met life Dental Corp Claims Funding 3,559.90
Corp Cobra Deposits Corp Claims Funding (36,000.00)
Corp Cigna Corp Claims Funding 102,981.07
Corp Met life Dental Corp Claims Funding 1,801.80
Corp 7/26/00 AFCO Corp Insurance financing 43,981.02
Corp 7/26/00 Mcgriffs Siebels Corp Insurance financing 1,390.00
Corp 7/26/00 Met Life Dental Corp Claims funding 1,644.00
Corp 7/25/00 Cigna Health Corp Claims funding 41,002.09
Corp 7/25/00 Cigna Health Corp Claims funding 2,997.73
Corp 7/25/00 Cigna Health Corp Claims funding 46,560.26
Corp 7/26/00 Met Life Dental Corp Claims funding 3,383.50
Corp 7/26/00 Met Life Dental Corp Claims funding 6,163.80
Corp 7/26/00 Met Life Dental Corp Claims funding 2,636.60
Corp 7/26/00 Met Life Dental Corp Claims funding 5,102.30
Corp 7/25/00 Cigna Health Corp Claims funding 419.90
Corp 7/25/00 Cigna Health Corp Claims funding 48,957.77
Corp Cigna Health Corp Claims funding 16,594.04
Corp 7/25/00 Cigna Health Corp Claims funding 27,618.99
Corp Cigna Health Corp Claims funding 422.25
Corp 7/31/00 Met Life Dental Corp Claims funding 1,823.90
Corp 7/31/00 Cigna Health Corp Claims funding 14,531.65
Corp Travel Bond (50,000.00)
Corp Travel Bond 50,000.00
Corp Insurance Refund (42,725.00)
Corp Cobra Payments (101,274.00)
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Petition 1st Day Order Subsequent wire Date Total
------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Corp 1,304.28 1,304.28
Corp 59.99 59.99
Corp 188.66 188.66
Corp 272.21 272.21
Corp 174,358.23 174,358.23
Corp 506.55 506.55
- -
- - 311,506.79 311,495.81
Corp 45,520.35 ck 7/5/00 45,520.35
Corp 342,721.24 ck 7/5/00 342,721.24
Corp 48,926.46 wire 7/5/00 48,926.46
Corp 5,305.00 wire 7/5/00 5,305.00
Corp 1,901.32 wire 7/5/00 1,901.32
Corp 4,953.70 wire 7/6/00 4,953.70
Corp 41,691.67 wire 7/6/00 41,691.67
Corp 384.81 wire 7/6/00 384.81
Corp 233.40 wire 7/7/00 233.40
Corp 1,674.00 wire 7/7/00 1,674.00
Corp 18,322.67 wire 7/7/00 18,322.67
Corp 21,095.91 wire 7/11/00 21,095.91
Corp 86,750.68 wire 7/11/00 86,750.68
Corp 9,447.30 wire 7/11/00 9,447.30
Corp 1,282.52 wire 7/11/00 1,282.52
Corp 17,036.30 ck 7/11/00 17,036.30
Corp 32,200.00 wire 7/12/00 32,200.00
Corp 43,397.71 wire 7/13/00 43,397.71
Corp 2,114.30 wire 7/13/00 2,114.30
Corp 25,000.00 ck 7/13/00 25,000.00
Corp 415.50 7/13/00 415.50
Corp 114,918.11 wire 7/14/00 114,918.11
Corp 10,538.00 wire 7/14/00 10,538.00
Corp 5,988.60 wire 7/14/00 5,988.60
Corp 6,169.80 wire 7/12/00 6,169.80
Corp 625.00 wire 7/17/00 625.00
Corp 13,154.71 wire 7/17/00 13,154.71
Corp 3,265.20 wire 7/17/00 3,265.20
Corp 1,293.90 wire 7/18/00 1,293.90
Corp 16,958.57 wire 7/18/00 16,958.57
Corp 80,173.01 wire 7/19/00 80,173.01
Corp 5,104.80 wire 7/19/00 5,104.80
Corp 49,363.86 49,363.86
Corp 5,452.60 ck 7/21/00 5,452.60
Corp 12,763.78 wire 12,763.78
Corp 3,559.90 wire 3,559.90
Corp (36,000.00) wire (36,000.00)
Corp 102,981.07 wire 102,981.07
Corp 1,801.80 wire 1,801.80
Corp 43,981.02 43,981.02
Corp 1,390.00 1,390.00
Corp 1,644.00 wire 7/25/00 1,644.00
Corp 41,002.09 wire 7/25/00 41,002.09
Corp 2,997.73 wire 7/25/00 2,997.73
Corp 46,560.26 wire 7/27/00 46,560.26
Corp 3,383.50 wire 7/24/00 3,383.50
Corp 6,163.80 wire 7/26/00 6,163.80
Corp 2,636.60 wire 7/27/00 2,636.60
Corp 5,102.30 wire 7/28/00 5,102.30
Corp 419.90 wire 7/26/00 419.90
Corp 48,957.77 wire 7/24/00 48,957.77
Corp 16,594.04 wire 7/28/00 16,594.04
Corp 27,618.99 wire 7/26/00 27,618.99
Corp 422.25 wire 7/28/00 422.25
Corp 1,823.90 7/31/00 1,823.90
Corp 14,531.25 7/31/00 14,531.25
(50,000.00) 7/28/00 (50,000.00)
50,000.00 7/20/00 50,000.00
(42,725.00) 7/28/00 (42,725.00)
(101,274.00) (101,274.00)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Corp 7/26/00 McGriff, Seibels Corp General Liability St Maarten 1,390.00
Corp 7/6/00 Cigna Corp Escrow Bonds 50,000.00
Corp 7/7/00 Kaufman & Canoles Corp Bond for Williamsburg 30,000.00
Corp 7/11/00 ACE Corp Surety bond for Cypress II registration in VA. 25,000.00
Sub-Total for Insurance - Corp - 1,376,108.35
Corp 7/5/00 Danka Corp Monthly copier maintenance 1,441.07
Corp 7/5/00 Federal Express Corp Shipping 3,521.48
Corp 7/5/00 Newo Corp Coffee, etc. 1,967.36
Corp 7/5/00 Royal Office Products Corp Office supplies 717.22
Corp 7/5/00 Royal Price LTD Corp Copy Paper 1,121.48
Corp 7/5/00 United Parcel Corp Shipping 339.00
Corp 7/5/00 US Post Office Corp Postage 371.27
Corp 7/6/00 DMR Corp Shipping for marketing printing 713.74
Corp 7/6/00 Comark Corp Software License 480.28
Corp 7/12/00 US Postal Service Corp Postage 1,600.89
Corp 7/12/00 UPS Corp Shipping 126.25
Corp 7/12/00 Floor Tech Supplies Corp Carpet cleaning 1,515.65
Corp 7/12/00 Fed Ex Corp Shipping 576.74
Corp 7/19/00 Employment Contractor Service Corp Temp Accountants 6,428.38
Corp 7/19/00 Federal Express Corp Shipping 920.26
Corp 7/19/00 Garrett Communications Corp Magazine- Jan Sampson 528.00
Corp 7/19/00 UPS Corp Shipping 154.25
Corp 7/19/00 Postal Service Corp Postage 5,149.11
Corp 7/26/00 Allied Data Corp Toner 2,409.00
Corp 7/26/00 Employment Contractor Corp Temps 4,166.25
Corp 7/26/00 Federal express Corp Shipping 30.16
Corp 7/26/00 Nationwide Postal Center Corp Shipping 190.01
Corp 7/26/00 Network Solutions Corp .com 35.00
Corp 7/26/00 Danka Corp Toner & supplies 2,887.20
Corp 7/27/00 Petty cash Corp Requested by Ann Cohen 500.00
Corp IDI Inc Corp Palm V for Sandy Michel 594.56
-
Sub-Total for Office Supplies - 38,484.61
Corp 7/13/00 Interval International Corp Enrollments 327.50
Corp 7/13/00 RCI Corp Enrollments 1,515.00
Corp 7/19/00 Purchase Power Corp Postage 300.00
Corp 7/26/00 Direct Marketing Resources Corp Shipping 205.71
Sub-Total for Marketing, Selling,
Advertising - Corp - 2,348.21
Corp 7/3/00 Alejandra Padin Corp April override 4,313.00
Corp 7/3/00 John Edmondson Corp April override 4,538.00
Corp 7/5/00 Alejandra Padin Corp June salary 3,846.16
Corp 7/5/00 John Edmondson Corp June salary 4,807.70
Corp 7/17/00 Alejandra Padin Corp May override - St Croix 2,531.00
Corp 7/17/00 John Edmondson Corp May override - St Croix 1,905.00
Corp 7/19/00 Alejandra Padin Corp Contract Labor 3,846.16
Corp 7/19/00 John Edmondson Corp Contract Labor 4,807.70
Corp 7/19/00 Shawfield Corp Contract Labor 500.00
Corp 7/26/00 John Edmondson Corp Independent contractor 4,807.70
Corp 7/26/00 Alejandra Padin Corp Independent contractor 3,846.16
Corp 7/26/00 Shawfield relational Tec Corp consulting 700.00
Corp 7/26/00 Signature Consultants Corp consulting 3,576.00
Sub-Total for Contract Labor/Commissions 13,287.00 30,737.58
Corp 7/3/00 Doris Martin Corp Expense report 26.02
Corp 7/5/00 Various Corp Expense report 2,948.23
Corp 7/5/00 Dennis Jones Corp Expense report 146.13
Corp 7/5/00 Paula Meads Corp Expense report 34.61
Corp 7/5/00 Edward Padilla Corp Expense report 314.54
Corp 7/12/00 Scott Stodulski Corp Expense Reports 192.45
Corp 7/12/00 Carolyn Rizzo Corp Expense Reports 184.20
Corp 7/12/00 Juan Pineyro Corp Expense Reports 291.30
Corp 7/12/00 Jackie Muray Corp Expense Reports 146.56
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Petition 1st Day Order Subsequent wire Date Total
---------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Corp 1,390.00 1,390.00
Corp 50,000.00 wire 7/6/00 50,000.00
Corp 30,000.00 wire 7/7/00 30,000.00
Corp 25,000.00 wire 7/11/00 25,000.00
- 17,036.30 1,359,071.65 1,376,107.95
Corp 1,441.07 ck 7/5/00 1,441.07
Corp 3,521.48 ck 7/5/00 3,521.48
Corp 1,967.36 ck 7/5/00 1,967.36
Corp 717.22 ck 7/5/00 717.22
Corp 1,121.48 ck 7/5/00 1,121.48
Corp 339.00 ck 7/5/00 339.00
Corp 371.27 ck 7/5/00 371.27
Corp 713.74 ck 7/6/00 713.74
Corp 480.28 wire 7/6/00 480.28
Corp 1,600.89 1,600.89
Corp 126.25 126.25
Corp 1,515.65 1,515.65
Corp 576.74 576.74
Corp 6,428.38 6,428.38
Corp 920.26 920.26
Corp 528.00 528.00
Corp 154.25 154.25
Corp 5,149.11 5,149.11
Corp 2,409.00 2,409.00
Corp 4,166.25 4,166.25
Corp 30.16 30.16
Corp 190.01 190.01
Corp 35.00 35.00
Corp 2,887.20 2,887.20
Corp 500.00 ck 7/27/00 500.00
Corp 594.56 wire 7/27/00 594.56
- -
- - 38,484.61 38,484.61
Corp 327.50 327.50
Corp 1,515.00 1,515.00
Corp 300.00 300.00
Corp 205.71 205.71
- - 2,348.21 2,348.21
Corp 4,313.00 ck 7/3/00 4,313.00
Corp 4,538.00 ck 7/3/00 4,538.00
Corp 3,846.16 ck 7/5/00 3,846.16
Corp 4,807.70 ck 7/5/00 4,807.70
Corp 2,531.00 2,531.00
Corp 1,905.00 1,905.00
Corp 3,846.16 3,846.16
Corp 4,807.70 4,807.70
Corp 500.00 500.00
Corp 4,807.70 4,807.70
Corp 3,846.16 3,846.16
Corp 700.00 700.00
Corp 3,576.00 3,576.00
-
- 4,436.00 39,588.58 44,024.58
Corp 21.06 4.96 ck 7/5/00 26.02
Corp 2,948.23 ck 7/5/00 2,948.23
Corp 146.13 ck 7/5/00 146.13
Corp 34.61 ck 7/5/00 34.61
Corp 314.54 ck 7/5/00 314.54
Corp 192.45 192.45
Corp 184.20 184.20
Corp 291.30 291.30
Corp 146.56 146.56
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission Other
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Corp 7/12/00 Kathy Foster Corp Expense Reports 729.23
Corp 7/14/00 Eduardo Marino Corp Expense Reports 2,600.00
Corp 7/18/00 Anne Stewart Corp Expense reimbursement (reissue check) 3,026.76
Corp 7/19/00 Lincoln Morrison Corp Travel Advance 7,500.00
Corp 7/19/00 Various Corp Expense Reimbursements 8,354.08
Corp Ken Myers Corp Expense Reimbursements 426.69
Corp Cathy Cooper Corp Expense Reimbursements 27.70
Corp Sandy Michel Corp Expense Reimbursements 532.09
Corp Edward Padilla Corp Expense Reimbursements 23.56
Corp Joseph Stewart Corp Expense Reimbursements 3,449.27
Corp 7/25/00 Various Corp Expense Report 13,223.44
Sub-Total for Expense Reports - 44,176.86
Corp 7/3/00 Advanced Data Design Corp LE3 Work stations 2,975.00
Corp 7/3/00 Fulford Van Corp Moving from FTL to Orlando 12,970.00
Corp 7/3/00 Fulford Van Corp Moving acct, legal,exec to LE3 20,958.00
Corp 7/3/00 Global Corp Hand Truck 380.78
Corp 7/5/00 BCL Capital Corp Security system 1,669.36
Corp 7/5/00 Floor Tech Supplies Corp Flooring 259.71
Corp 7/5/00 Fulford Van Corp Moving 5,675.11
Corp 7/5/00 One day Masterpiece Corp Exterior signage -LEI 90.10
Corp 7/5/00 Premier Modular Building Corp Freight -Dismantle 2,594.35
Corp 7/5/00 Richards Paint Corp Paint -LE I,II,III 716.72
Corp 7/5/00 SFT Facilities Corp Furn re install 2,225.00
Corp 7/5/00 Southland Security Corp Security service 2,218.60
Corp 7/5/00 Stanley Steemer Corp Carpet cleaning 3,037.71
Corp 7/5/00 Steves Lock & Safe Corp Keys 262.15
Corp 7/5/00 Terminix Corp Pest Control 137.80
Corp 7/5/00 United Fire Protection Corp Fire extinguisher 391.67
Corp 7/6/00 Advanced Data Design Corp 500.00
Corp 7/11/00 Chase Security Corp Security 2,098.00
Corp 7/11/00 Advanced Data Design Corp Data lines 1,696.00
Corp 7/11/00 BCE Electrical Contractor Corp Sedona Summit sanitation plant 2,592.48
Corp 7/11/00 Chase Security Corp Security 217.03
Corp 7/12/00 Triangle Pacific Corp Cabinets for mail room 3,800.00
Corp 7/12/00 Advanced Data Design Corp Data lines 100.00
Corp 7/12/00 Handyman Specialist Corp Install Cube - LEIII 2,200.00
Corp 7/19/00 Chase Security Corp Security 3,901.46
Corp 7/19/00 Fulford Corp Move 262.65
Corp 7/19/00 Ray Lomax Corp Labor LEIII 600.00
Corp 7/19/00 Eduardo Marino Corp Labor LEIII 810.00
Corp 7/19/00 Edward Mercado Corp Labor LEIII 150.00
Corp 7/19/00 Wil Montalvo Corp Labor LEIII 1,410.00
Corp 7/19/00 Richards Paint Corp Painting & Wallcovering 79.43
Corp Starbridge Custodial Corp 4,952.80
Corp 7/26/00 Chase Security Corp Security 2,350.18
Corp 7/26/00 Fulford Corp Moving 4,234.38
Corp 7/26/00 Home Depot Corp Misc supplies 1,910.47
Corp 7/26/00 Krajanowski Corp Carpet LE 3 1,145.98
Corp 7/26/00 Richards Paint Corp LE3 Project 29.63
Corp 7/26/00 SFT Facilities Corp Relo & reconfigure LE 1 & Metro 9,100.00
Corp 7/26/00 Wire & design Services Corp Electrical work 23,500.00
Corp 7/14/00 U & W Industrial Supply Corp Tank - St Croix 2,555.94
Corp 7/14/00 Virgin Islands Regulated Corp St. Croix Underground storage tank 35,975.00
Waste Management removal and design
Sub-Total for Repairs & Maintenance - 162,733.49
Corp 7/5/00 First Call Corp June Monthly Fees 650.00
Corp 7/5/00 Florida Bar Corp Annual Membership Fee 190.00
Corp 7/5/00 Maxim Group Corp Temp Help 2,412.00
Corp 7/5/00 New York Stock Exchange Corp MDS Device 127.25
Corp 7/5/00 Publix Corp Food 128.66
Corp 7/11/00 Leslie Chang Corp Dependant care reimbursement-replace Jan check 416.66
Corp 7/13/00 First Union Corp Bank Charges 7,024.69
Corp 7/19/00 Interior Design Corp Furniture and Lighting - Savoy project 26,670.53
Corp 7/19/00 Ableco Finance Corp Interest on DIP Financing 307,917.00
Corp 7/19/00 Great Vacations Corp Brokers Fees 1,400.00
Corp 7/19/00 Hewlett Packard Corp Support 6/15-9/14 8,521.73
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Petition 1st Day Order Subsequent wire Date Total
------------------------------------------------------------------------------------
Corp 729.23 729.23
Corp 2,600.00 2,600.00
Corp 3,026.76 3,026.76
Corp 7,500.00 wire 7/18/00 7,500.00
Corp 8,354.08 8,354.08
Corp 426.69 ck 7/21/00 426.69
Corp 27.70 ck 27.70
Corp 532.09 ck 532.09
Corp 23.56 ck 23.56
Corp 3,449.27 ck 3,449.27
Corp 13,223.44 13,223.44
-
- 3,047.82 41,129.04 44,176.86
Corp 2,975.00 ck 7/5/00 2,975.00
Corp 12,970.00 ck 7/5/00 12,970.00
Corp 20,958.00 ck 7/5/00 20,958.00
Corp 380.78 ck 7/5/00 380.78
Corp 1,669.36 ck 7/5/00 1,669.36
Corp 259.71 ck 7/5/00 259.71
Corp 5,675.11 ck 7/5/00 5,675.11
Corp 90.10 ck 7/5/00 90.10
Corp 2,594.35 ck 7/5/00 2,594.35
Corp 716.72 ck 7/5/00 716.72
Corp 2,225.00 ck 7/5/00 2,225.00
Corp 2,218.60 ck 7/5/00 2,218.60
Corp 3,037.71 ck 7/5/00 3,037.71
Corp 262.15 ck 7/5/00 262.15
Corp 137.80 ck 7/5/00 137.80
Corp 391.67 ck 7/5/00 391.67
Corp 500.00 ck 7/6/00 500.00
Corp 2,098.00 ck 7/11/00 2,098.00
Corp 1,696.00 ck 7/11/00 1,696.00
Corp 2,592.48 2,592.48
Corp 217.03 217.03
Corp 3,800.00 ck 7/13/00 3,800.00
Corp 100.00 100.00
Corp 2,200.00 2,200.00
Corp 3,901.46 3,901.46
Corp 262.65 262.65
Corp 600.00 600.00
Corp 810.00 810.00
Corp 150.00 150.00
Corp 1,410.00 1,410.00
Corp 79.43 79.43
Corp 4,952.80 4,952.80
Corp 2,350.18 2,350.18
Corp 4,234.38 4,234.38
Corp 1,910.47 1,910.47
Corp 1,145.98 1,145.98
Corp 29.63 29.63
Corp 9,100.00 9,100.00
Corp 23,500.00 23,500.00
Corp 2,555.94 2,555.94
Corp 35,975.00 35,975.00
-
- - 162,733.49 162,733.49
Corp 650.00 ck 7/5/00 650.00
Corp 190.00 ck 7/5/00 190.00
Corp 2,412.00 ck 7/5/00 2,412.00
Corp 127.25 ck 7/5/00 127.25
Corp 128.66 ck 7/5/00 128.66
Corp 416.66 ck 7/11/00 416.66
Corp 7,024.69 wire 7,024.69
Corp 26,670.53 26,670.53
Corp 307,917.00 wire 7/18/00 307,917.00
Corp 1,400.00 1,400.00
Corp 8,521.73 8,521.73
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Corp 7/19/00 Network Solutions Corp Domain names
Corp 7/19/00 Orlando Sentinel Corp Newspaper
Corp 7/19/00 Waste Mgmt Corp Trash
Corp 7/19/00 Sargon Warda Corp labor
Corp 7/19/00 Wire & Design Corp Construction
Corp 7/19/00 Nevada Legal Press Corp Stmt of Business
Corp Coggins-Starling Corp
Corp BCL Capital Corp
Corp Needle Rosenberg Corp
Corp Advanced Data Designs Corp
Corp Direct Marketing Corp
Corp Employment Contractor Corp
Corp Four Graphics Inc. Corp
Corp Handyman Specialist Corp
Corp Northwest Colorado Corp
Corp RR Donnelley Corp
Corp Signature Systems of Corp
Corp Terminex International Corp
Corp 7/26/00 Heritage Florida Corp Legal publication
Corp 7/26/00 Bureau of National Affairs Corp Tax publication
Corp 7/26/00 John Browning Real estate Corp Broker rep fee
Corp Bank of Nova Scotia Corp Hurricane repairs - St. Maarten
Corp 7/26/00 Bank of Nova Scotia Corp Hurricane repairs - St. Maarten
Corp First Union Corp Interest
Corp First Union Corp Bank Fees
Sub-Total for Miscellaneous -
Corp 7/5/00 Bent Creek Corp Developer subsidy w-e 6/23
Corp 7/5/00 Coral Sands Corp Developer subsidy w-e 6/23
Corp 7/5/00 Cypress Phase II Corp 2000 Maint Fees
Corp 7/5/00 Savoy Corp Developer subsidy w-e 6/23
Corp 7/5/00 Royal Palm Corp Developer subsidy w-e 6/23
Corp 7/5/00 Flamingo Beach Corp Developer subsidy w-e 6/23
Corp 7/5/00 Gatlinburg Town Square II Corp 2000 Maint Fees
Corp 7/5/00 Gatlinburg Town Village Corp 2000 Maint Fees
Corp 7/5/00 Greensprings Corp 2000 Maint Fees
Corp 7/5/00 Coral Sands Corp Developer subsidy w-e 6/16
Corp 7/5/00 Cypress Phase I Corp 2000 Maint Fees for Admin Hold accts
Corp 7/5/00 Cypress Phase II Corp 2001 Maint Fees for Admin Hold accts- add'l
Corp 7/5/00 Savoy Corp Developer subsidy w-e 6/16
Corp 7/5/00 Carambola Corp Developer subsidy w-e 6/16
Corp 7/5/00 Royal Palm Corp Developer subsidy w-e 6/16
Corp 7/5/00 Flamingo Beach Corp Developer subsidy w-e 6/16
Corp 7/5/00 Gatlinburg Town Square II Corp Developer subsidy w-e 6/09
Corp 7/5/00 Savoy Corp Developer subsidy w-e 6/09
Corp 7/5/00 Flamingo Beach Corp Developer subsidy w-e 6/09
Corp 7/5/00 Flamingo Beach Corp Developer subsidy w-e 6/02
Corp 7/5/00 Bent Creek Corp Developer subsidy w-e 7/7
Corp 7/5/00 Coral Sands Corp Developer subsidy w-e 7/7
Corp 7/5/00 Cypress Phase I Corp 2000 Maintenance Fees
Corp 7/5/00 Savoy Corp Developer subsidy w-e 7/7
Corp 7/5/00 Savoy Hotel Corp Developer subsidy w-e 7/7
Corp 7/5/00 Royal Palm Corp Developer subsidy w-e 7/7
Corp 7/5/00 Flamingo Beach Corp Developer subsidy w-e 7/7
Corp 7/5/00 Savoy Corp Developer subsidy w-e 6/30
Corp 7/5/00 Carambola Corp Developer subsidy w-e 6/30
Corp 7/11/00 Sedona Summit Resort Owners Assoc. Corp Developer subsidy
Corp 7/12/00 Carambola Corp Maintenance fees
Corp 7/12/00 Coral Sands Corp Maintenance fees
Corp 7/12/00 Cypress Point Corp Maintenance fees
Corp 7/12/00 Savoy Hotel Corp Maintenance fees
Corp 7/12/00 Gatlinburg Town Village Corp Maintenance fees
Corp 7/12/00 Greensprings Corp Maintenance fees
Corp 7/12/00 Royal Palm Corp Maintenance fees
Corp 7/14/00 Savoy on South Beach Corp Maintenance fees
Corp 7/19/00 Villas on the Lake Corp Maintenance Fees
Corp 7/18/00 Sugar @ Highlands Corp Maintenance Fees
Corp 7/25/00 Royal Dunes Corp Maintenance Fees
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Corp 210.00 210.00 210.00
Corp 1,596.80 1,596.80 1,596.80
Corp 1,158.00 1,158.00 1,158.00
Corp 1,515.00 1,515.00 1,515.00
Corp 11,023.12 11,023.12 11,023.12
Corp 75.00 75.00 75.00
Corp 2,227.03 2,227.03 2,227.03
Corp 421.57 421.57 421.57
Corp 950.00 950.00 950.00
Corp 1,900.00 1,900.00 1,900.00
Corp 179.70 179.70 179.70
Corp 2,428.38 2,428.38 2,428.38
Corp 559.68 559.68 559.68
Corp 1,000.00 1,000.00 1,000.00
Corp 180.00 180.00 180.00
Corp 708.30 708.30 708.30
Corp 7,678.00 7,678.00 7,678.00
Corp 47.70 47.70 47.70
Corp 56.93 56.93 56.93
Corp 1,086.50 1,086.50 1,086.50
Corp 675.00 675.00 675.00
Corp 100,000.00 100,000.00 100,000.00
Corp 100,000.00 100,000.00 wire 7/25/00 100,000.00
Corp 27,972.29 27,972.29 wire 27,972.29
Corp 2,372.80 2,372.80 wire 2,372.80
621,480.32 - 416.66 621,063.66 621,480.32
Corp 30,000.00 30,000.00 ck 7/6/00 30,000.00
Corp 20,000.00 20,000.00 ck 7/6/00 20,000.00
Corp 114,317.00 114,317.00 ck 7/6/00 114,317.00
Corp 9,357.00 9,357.00 ck 7/6/00 9,357.00
Corp 40,000.00 40,000.00 ck 7/6/00 40,000.00
Corp 22,581.00 22,581.00 ck 7/6/00 22,581.00
Corp 35,000.00 35,000.00 ck 7/6/00 35,000.00
Corp 40,000.00 40,000.00 ck 7/6/00 40,000.00
Corp 70,000.00 70,000.00 ck 7/6/00 70,000.00
Corp 20,000.00 20,000.00 ck 7/6/00 20,000.00
Corp 45,000.00 45,000.00 ck 7/6/00 45,000.00
Corp 75,000.00 75,000.00 ck 7/6/00 75,000.00
Corp 9,357.00 9,357.00 ck 7/6/00 9,357.00
Corp 50,000.00 50,000.00 ck 7/6/00 50,000.00
Corp 20,000.00 20,000.00 ck 7/6/00 20,000.00
Corp 22,581.00 22,581.00 ck 7/6/00 22,581.00
Corp 20,000.00 20,000.00 ck 7/6/00 20,000.00
Corp 9,357.00 9,357.00 ck 7/6/00 9,357.00
Corp 22,581.00 22,581.00 ck 7/6/00 22,581.00
Corp 22,581.00 22,581.00 ck 7/6/00 22,581.00
Corp 35,000.00 35,000.00 ck 7/6/00 35,000.00
Corp 10,000.00 10,000.00 ck 7/6/00 10,000.00
Corp 25,000.00 25,000.00 ck 7/6/00 25,000.00
Corp 3,365.00 3,365.00 ck 7/6/00 3,365.00
Corp 9,357.00 9,357.00 ck 7/6/00 9,357.00
Corp 25,806.00 25,806.00 ck 7/6/00 25,806.00
Corp 22,581.00 22,581.00 ck 7/6/00 22,581.00
Corp 9,357.00 9,357.00 ck 7/6/00 9,357.00
Corp 50,000.00 50,000.00 ck 7/6/00 50,000.00
Corp 130,000.00 130,000.00 wire 7/10/00 130,000.00
Corp 60,000.00 60,000.00 60,000.00
Corp 40,000.00 40,000.00 40,000.00
Corp 285,444.00 285,444.00 285,444.00
Corp 9,357.00 9,357.00 9,357.00
Corp 10,000.00 10,000.00 10,000.00
Corp 55,000.00 55,000.00 55,000.00
Corp 60,000.00 60,000.00 60,000.00
Corp 37,500.00 37,500.00 37,500.00
Corp 40,000.00 40,000.00 40,000.00
Corp 22,967.00 22,967.00 22,967.00
Corp 82,270.22 82,270.22 wire 7/26/00 82,270.22
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Corp 7/25/00 Sedona Summit Corp Maintenance Fees
Corp 7/25/00 Scottsdale Villa Mirage Corp Maintenance Fees
Corp Starbridge Custodial Corp Maintenance Fees
Corp 7/31/00 Bent Creek Corp Maintenance Fees
Corp 7/31/00 Coral Sands Corp Maintenance Fees
Corp 7/31/00 Flamingo Beach Corp Maintenance Fees
Corp 7/31/00 Gatlinburg Town Village Corp Maintenance Fees
Corp 7/31/00 Royal Palm Corp Maintenance Fees
Corp 7/31/00 Savoy Hotel Corp Maintenance Fees
Corp 7/31/00 Savoy Hotel Corp Maintenance Fees
Corp 7/31/00 Savoy on South Beach Corp Maintenance Fees
Corp 7/31/00 Sedona of South Beach Corp Maintenance Fees
Corp 7/31/00 Villas de Santa Fe Corp Maintenance Fees
Corp 7/31/00 Villas of Poco Diablo Corp Maintenance Fees
Corp 7/31/00 Savoy on South Beach Corp Maintenance Fees
Sub-Total for Maintenance Fees -
Corp 7/12/00 David Fleishman Corp General legal - San Luis Bay
Corp 7/12/00 David Fleishman Corp General legal - San Luis Bay
Corp 7/12/00 Needles & Rosenberg Corp Trademark Renewal
Corp 7/19/00 Ralph Brekan & Co Corp Acquisitions dept
Corp Career Choice Corp
Corp 7/25/00 Schulte Roth Zabel Corp Legal fees
Sub-Total for Professional Fees -
Corp Various Corp July Payroll
Sub-Total for Payroll -
Total Corporate Outflows
Corp 7/26/00 Public Storage Cypress Point Rent
Sub-Total for Property Rent -
Corp 7/5/00 Microbilt Cypress Point June & July pmt credit card machine
Corp 7/26/00 GE Capital Modular space Cypress Point Sales trailer
Corp 7/26/00 Resun Leasing Cypress Point Phase 3 trailers
Corp 7/12/00 GE Capital Modular space Cypress Point June rent - Salkes & Marketing trailer
Corp 7/12/00 Premier Modular Building Cypress Point Ph 3 Step Rental
Corp 7/12/00 Pitney Bowes Cypress Point mail machine
Total Equipment Leases -
Corp 7/19/00 Phone Masters Cypress Point maintenance of phone equipment
Corp 7/19/00 Sprint Cypress Point phone
Corp 7/26/00 Juan Gonzalez Cypress Point Phone repairs
Corp 7/26/00 Phone Masters Cypress Point Phone repairs
Corp 7/5/00 Phone Masters Cypress Point service on phone lines
Corp 7/11/00 Sprint Cypress Point phone
Sub Total for Telephone -
Corp 7/26/00 Airborne Cypress Point Shipping
Corp 7/26/00 Federal express Cypress Point Shipping
Corp 7/26/00 Pitney Bowes Cypress Point Postage
Corp 7/12/00 Crystal Springs Water Cypress Point water
Corp 7/12/00 Danka Cypress Point June - accounting fax machine
Corp 7/12/00 Fed Ex Cypress Point Shipping
Sub-Total for Office Supplies -
Corp 7/19/00 Advantage Hotel Cypress Point Breakfast
Corp 7/19/00 RCI Cypress Point Owner Kit Material
Corp 7/26/00 Advantage Hotel Cypress Point Food
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> C>
Corp 130,000.00 130,000.00 wire 7/26/00 130,000.00
Corp 151,197.00 151,197.00 wire 7/26/00 151,197.00
Corp 5,162.50 5,162.50 5,162.50
Corp 200,000.00 200,000.00 7/31/00 200,000.00
Corp 20,000.00 20,000.00 7/31/00 20,000.00
Corp 22,581.00 22,581.00 7/31/00 22,581.00
Corp 12,141.00 12,141.00 7/31/00 12,141.00
Corp 25,806.00 25,806.00 7/31/00 25,806.00
Corp 9,357.00 9,357.00 7/31/00 9,357.00
Corp 9,357.00 9,357.00 7/31/00 9,357.00
Corp 37,500.00 37,500.00 7/31/00 37,500.00
Corp 7,471.00 7,471.00 7/31/00 7,471.00
Corp 52,593.00 52,593.00 7/31/00 52,593.00
Corp 1,875.00 1,875.00 7/31/00 1,875.00
Corp 22,500.00 22,500.00 7/31/00 22,500.00
2,428,256.72 - 1,073,735.22 1,354,521.50 2,428,256.72
Corp 2,460.00 2,460.00 2,460.00
Corp 2,194.50 2,194.50 2,194.50
Corp 1,780.00 1,780.00 1,780.00
Corp 2,500.00 2,500.00 2,500.00
Corp 5,500.00 5,500.00 5,500.00
Corp 107,638.57 - 107,638.57 107,638.57
122,073.07 - 107,638.57 14,434.50 122,073.07
Corp 1,560,497.00 1,560,497.00 1,560,497.00
1,560,497.00 - - 1,560,497.00 1,560,497.00
---------------
6,977,437.07
===============
Corp 232.14 232.14 232.14
-
232.14 232.14 232.14 232.14 232.14
Corp 93.28 93.28 93.28
Corp 924.32 924.32 924.32
Corp 6,678.00 6,678.00 6,678.00
Corp 924.32 924.32 924.32
Corp 127.20 127.20 127.20
Corp 1,536.81 1,536.81 1,536.81
10,283.93 - 10,283.93 10,283.93
Corp 610.35 610.35 610.35
Corp 1,832.76 1,832.76 1,832.76
Corp 70.00 70.00 70.00
Corp 765.85 765.85 765.85
Corp 620.31 620.31 620.31
Corp 38.58 38.58 38.58
3,937.85 - - 3,937.85 3,937.85
Corp 12.10 12.10 12.10
Corp 852.54 852.54 852.54
Corp 705.23 705.23 705.23
Corp 104.25 104.25 104.25
Corp 395.69 395.69 395.69
Corp 1,177.82 1,177.82 1,177.82
3,247.63 - - 3,247.63 3,247.63
Corp 3,000.00 3,000.00 3,000.00
Corp 877.45 877.45 877.45
Corp 9,467.32 9,467.32 9,467.32
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Corp 7/5/00 Advantage Hotel Cypress Point Breakfast
Corp 7/5/00 PL Productions Cypress Point June sales contest
Corp 7/11/00 Advantage Hotel Cypress Point Breakfast
Corp 7/12/00 RCI Cypress Point Owner Kit Material
Corp 7/13/00 Cypress Spiff Cypress Point Spiff Account
Sub-Total for Marketing, Selling, Advertising -
Corp 7/19/00 Various Cypress Point Commissions 33,530.25
Corp 7/26/00 Various Cypress Point Commission 28,226.59
Corp 7/5/00 Various Cypress Point Commissions 30,046.06
Corp 7/5/00 Great Vacations Cypress Point Commission/Black 4,560.00
Corp 7/11/00 Various Cypress Point Commissions 22,025.11
Corp 7/12/00 Pedro Palleija Cypress Point Commissions 562.80
Corp 7/3/00 Pesko PA, Daniel Cypress Point Commissions 1,986.16
Sub-Total for Contract Labor/Commissions 120,936.97
Corp Larry Fehrenbach Cypress Point Expense Report
Corp 7/5/00 Penelope Wilson Cypress point Expense report
Corp 7/11/00 Penelope Wilson Cypress Point Expense Reports
Sub-Total for Expense Reports -
Corp 7/19/00 Fulford Cypress Point Storage
Corp 7/26/00 Southern Appeal Cypress Point Carpet cleaning
Corp 7/11/00 Security Link Cypress Point security
Corp 7/11/00 Southern Appeal carpet Cleaning Cypress Point Carpet cleaning
Corp 7/11/00 TruGreen Plant Care Cypress Point Maint of Foliage
Sub-Total for Repairs & Maintenance -
Corp 7/19/00 Rdevie Art of Life Cypress Point Employee shirts
Corp 7/18/00 Schreeder, Wheeler, Flint Cypress Point Encore transfer
Corp 7/26/00 Schreeder Wheeler Flint Cypress Point Encore transfers
Corp 7/5/00 Pasquale Rinalde Cypress Point Interest payment on Phase III land
Corp 7/12/00 Schreeder Wheeler Flint Cypress Point Encore transfers
Sub-Total for Miscellaneous -
Corp Various Cypress Point July Payroll
Sub-Total for Payroll -
Total Cypress Pointe Outflows
Corp 7/18/00 Candice Edgar Encore Expense reimbursement
Sub-Total for Expense Reports -
Corp Petty Cash Encore
Sub-Total for Miscellaneous -
Total Outflows for Encore
Corp 7/26/00 Bell South FATT Phone
Sub Total for Telephone - FATT -
Corp 7/11/00 Compupay FATT Payroll
Corp 7/11/00 Fed Ex FATT Shipping
Corp 7/26/00 Compupay FATT Payroll
Corp 7/26/00 Federal express FATT Shipping
Corp 7/26/00 Magna Computerization FATT Monthly Support
Sub-Total for Office Supplies - FATT -
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
--------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Corp 3,000.00 3,000.00 ck 7/5/00 3,000.00
Corp 150.00 150.00 150.00
Corp 3,000.00 3,000.00 3,000.00
Corp 8.97 8.97 8.97
Corp 4,500.00 4,500.00 wire 4,500.00
- - -
24,003.74 - - 24,003.74 24,003.74
Corp 33,530.25 33,530.25
Corp 28,226.59 28,226.59
Corp 30,046.06 30,046.06
Corp 4,560.00 ck 7/5/00 4,560.00
Corp 22,025.11 22,025.11
Corp 562.80 562.80
Corp 1,986.16 1,986.16
-
- - - 120,936.97 120,936.97
Corp 62.96 62.96 62.96
Corp 280.65 280.65 280.65
Corp 100.00 100.00 100.00
-
443.61 - - 443.61 443.61
Corp 424.00 424.00 424.00
Corp 839.44 839.44 839.44
Corp 26.45 26.45 26.45
Corp 468.04 468.04 468.04
Corp 159.00 159.00 159.00
-
1,916.93 - - 1,916.93 1,916.93
Corp 72.03 72.03 72.03
Corp 24,949.50 24,949.50 24,949.50
Corp 7,484.00 7,484.00 7,484.00
Corp 1,804.96 1,804.96 1,804.96
Corp 19,171.00 19,171.00 19,171.00
-
53,481.49 - - 53,481.49 53,481.49
Corp 88,294.00 88,294.00 88,294.00
88,294.00 - - 88,294.00 88,294.00
----------
306,778.29
==========
Corp 32.66 32.66 32.66
-
32.66 - - 32.66 32.66
Corp 500.00 500.00 500.00
-
500.00 - - 500.00 500.00
----------
532.66
==========
Corp 4,737.80 4,737.80 4,737.80
- -
4,737.80 - - 4,737.80 4,737.80
Corp 210.78 210.78 210.78
Corp 241.80 241.80 241.80
Corp 256.43 256.43 256.43
Corp 57.72 57.72 57.72
Corp 1,000.00 1,000.00 1,000.00
- -
1,766.73 - - 1,766.73 1,766.73
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Receive Invoice Payable to From Description of Invoice / Service Commission
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Corp 7/11/00 Burns Intl Security FATT Security
Corp 7/26/00 Burns International Security FATT Security
Sub-Total for Repairs & Maintenance -
Corp 7/11/00 David Hardin FATT Refund
Corp 7/11/00 Petty Cash FATT Reimbursement
Sub-Total for Miscellaneous -
Corp Various FATT July Payroll
Sub-Total for Payroll -
Total Outflows for FATT
Corp 7/6/00 San Diego county Tax Collector Harbor Lights June - Dec unsecured property tax
Corp 7/18/00 City Treasurer Harbor Lights Transient Occupancy Tax - May
Corp 7/25/00 City Treasurer Harbor Lights Occupancy tax
Total for Governmental Fees & Taxes - Harbor Lights -
Corp 7/19/00 Canon Financial Harbor Lights Copier lease
Total Equipment Leases - Harbor Lights
Corp 7/6/00 Pacific Bell Harbor Lights phone
Corp 7/6/00 Sprint Harbor Lights phone
Corp 7/19/00 Sunterra Communications Harbor Lights phone
Corp 7/25/00 Pacific Bell Harbor Lights Phone
Corp 7/25/00 Sprint Harbor Lights Phone
Corp 7/11/00 Pacific Bell Harbor Lights phone
Sub Total for Telephone - Harbor Lights -
Corp 7/19/00 Airborne Harbor Lights Shipping
Corp 7/19/00 Danka Harbor Lights Copier
Corp 7/19/00 DHL Harbor Lights Shipping
Corp 7/19/00 Newbold Addressograph Harbor Lights Printing
Corp 7/25/00 Danka Harbor Lights copier
Corp 7/25/00 Petty Cash Harbor Lights Reimbursement thru 7/17
Corp 7/12/00 Arrowhead Mountain Spring Harbor Lights Spring Water
Sub-Total for Office Supplies - Harbor Lights
Corp 7/19/00 Inn Room Visitors Harbor Lights Magazines
Corp 7/12/00 San Diego Concierge Harbor Lights Reservations
Sub-Total for Marketing, Selling, Advertising -
Harbor lights
Corp 7/6/00 Brooks Chapman Harbor Lights Expense report
Corp 7/6/00 Elena Cormio Harbor Lights Expense report
Corp 7/6/00 Jason Toste Harbor Lights Expense report
Corp 7/25/00 Brooks Chapman Harbor Lights Expense Report
Corp 7/11/00 Thomas Leavitt Harbor Lights Expense Reports
Corp 7/11/00 Jason Toste Harbor Lights Expense Reports
Sub-Total for Expense Reports -
Corp 7/19/00 American first Aid Harbor Lights First aid kit
Corp 7/19/00 Clean Touch Harbor Lights Maintenance & Housekeeping supplies
Corp 7/19/00 Ecolab Harbor Lights Maintenance & Housekeeping supplies
Corp 7/19/00 Guest Distribution Harbor Lights Maintenance & Housekeeping supplies
Corp 7/19/00 Superco Specialty Harbor Lights Maintenance & Housekeeping supplies
Corp 7/19/00 Waxie Sanitary Supplies Harbor Lights Maintenance & Housekeeping supplies
Corp 7/19/00 Wilmar Industries Harbor Lights Maintenance & Housekeeping supplies
Corp 7/19/00 Frazee Painting Harbor Lights Painting & Wallcovering
Corp 7/19/00 JJJ Enterprises Harbor Lights Alarm
Corp 7/19/00 Regency Lighting Harbor Lights lighting
Corp 7/19/00 San Diego Hardware Harbor Lights Maintenance
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
--------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Corp 561.33 561.33 561.33
Corp 647.10 647.10 647.10
1,208.43 - - 1,208.43 1,208.43
Corp 25.00 25.00 25.00
Corp 1,418.00 1,418.00 1,418.00
-
1,443.00 - - 1,443.00 1,443.00
Corp 27,731.00 27,731.00 27,731.00
27,731.00 - - 27,731.00 27,731.00
---------
36,886.96
=========
Corp 7,004.34 7,004.34 7,004.34
Corp 9,427.00 9,427.00 9,427.00
Corp 6,987.00 6,987.00 6,987.00
23,418.34 9,427.00 - 13,991.34 23,418.34
Corp 564.62 564.62 564.62
564.62 564.62 564.62
Corp 352.85 352.85 352.85
Corp 59.80 59.80 59.80
Corp 8,390.11 8,390.11 8,390.11
Corp 376.86 376.86 376.86
Corp 67.07 67.07 67.07
Corp 60.01 60.01 60.01
- -
9,306.70 - - 9,306.70 9,306.70
Corp 43.26 43.26 43.26
Corp 87.75 87.75 87.75
Corp 306.58 306.58 306.58
Corp 40.52 40.52 40.52
Corp 127.73 127.73 127.73
Corp 287.99 287.99 287.99
Corp 124.69 124.69 124.69
1,018.52 1,018.52 1,018.52
Corp 100.00 100.00 100.00
Corp 3,453.80 3,453.80 3,453.80
3,553.80 3,553.80 3,553.80
Corp 589.18 589.18 589.18
Corp 711.31 711.31 711.31
Corp 229.35 229.35 229.35
Corp 156.67 156.67 156.67
Corp 504.43 504.43 504.43
Corp 186.26 186.26 186.26
-
2,377.20 - 504.43 1,872.77 2,377.20
Corp 73.08 73.08 73.08
Corp 28.35 28.35 28.35
Corp 374.94 374.94 374.94
Corp 804.71 804.71 804.71
Corp 728.48 728.48 728.48
Corp 1,505.22 1,505.22 1,505.22
Corp 72.93 72.93 72.93
Corp 94.71 94.71 94.71
Corp 285.00 285.00 285.00
Corp 66.20 66.20 66.20
Corp 200.57 200.57 200.57
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Development of Invoice / Service Commission
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Corp 7/19/00 Tower Glass Harbor Lights Replacement window/mirror
Corp 7/19/00 Trugreen Plant Harbor Lights Plant maintenance
Corp 7/19/00 Uniforms to You Harbor Lights Uniforms
Corp 7/6/00 Cox Communications Harbor Lights Cable bill
Corp 7/6/00 Edco Disposal Harbor Lights Waste disposal
Corp 7/9/00 Sunset Parking Service Harbor Lights Parking
Corp 7/12/00 Cox Communications Harbor Lights Cable
Corp 7/25/00 Sunset Parking Service Harbor Lights parking
Corp 7/25/00 Try n Hide Harbor Lights Maintenance
Corp 7/25/00 Wilmar Industries Harbor Lights Maintenance & Housekeeping supplies
Sub-Total for Repairs & Maintenance -
Corp 7/6/00 Petty Cash Harbor Lights Petty Cash reimbursement
Corp 7/19/00 American Hotel Register Harbor Lights Furniture
Corp Pitney Bowes Credit Harbor Lights
Corp RPM Management Harbor Lights Maintenance Fees
Sub-Total for Miscellaneous -
Total Outflows for Harbour Lights
Corp 7/5/00 Federal Express National Programs Shipping
Corp DHL Worldwide Express National Programs
Corp Federal Express National Programs
Sub-Total for Office Supplies -
Corp RCI National Programs
Sub-Total for Miscellaneous -
Total Outflows for National Program
Corp 7/5/00 RPM Mgmt Branson Plantation @ Fall Creek rent for Encore dept
Corp 7/25/00 AAA Storage Plantation @ Fall Creek Storage
Sub-Total for Property Rent -
Corp 7/19/00 Ikon Office Solutions Plantation @ Fall Creek Copier maintenance agreement
Corp 7/25/00 IOS Capital Plantation @ Fall Creek copiers
Corp 7/25/00 Pitney Bowes Plantation @ Fall Creek Mail machine
Total Equipment Leases
Corp 7/25/00 LCS Paging Plantation @ Fall Creek Phone
Corp 7/12/00 Sunterra Communication Plantation @ Fall Creek June phone payment
Corp 7/19/00 AT & T Wireless Plantation @ Fall Creek phone
Sub Total for Telephone -
Corp 7/5/00 Federal Express Plantation @ Fall Creek Shipping
Corp 7/19/00 Federal Express Plantation @ Fall Creek Shipping
Corp 7/25/00 Springfield Stamp Plantation @ Fall Creek Stamp
Corp 7/12/00 Federal Express Plantation @ Fall Creek Shipping
Corp 7/12/00 Larue Distributing Plantation @ Fall Creek Coffee Products
Sub-Total for Office Supplies -
Corp 7/12/00 RPM Branson Plantation @ Fall Creek Restaurant Vouchers
Corp 7/19/00 RPM Mgmt Plantation @ Fall Creek Vouchers
Corp 7/25/00 Larue Distributing Plantation @ Fall Creek Coffee
Corp 7/25/00 McGufeys Restaurant Plantation @ Fall Creek Vouchers
Corp 7/25/00 Ozarks Coca Cola Plantation @ Fall Creek Refreshment
Sub-Total for Marketing, Selling, Advertising -
Corp 7/25/00 Mark Fratick Plantation @ Fall Creek Commission 1,983.42
Corp 7/12/00 Mark Fratick Plantation @ Fall Creek Commissions 705.80
<CAPTION>
Legal Pre- Post-Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Corp 2,930.49 2,930.49 2,930.49
Corp 680.86 680.86 680.86
Corp 169.69 169.69 169.69
Corp 596.65 596.65 596.65
Corp 779.80 779.80 779.80
Corp 790.00 790.00 790.00
Corp 591.65 591.65 591.65
Corp 14,396.50 14,396.50 14,396.50
Corp 90.00 90.00 90.00
Corp 515.41 515.41 515.41
25,775.24 - - 25,775.24 25,775.24
Corp 1,014.97 1,014.97 1,014.97
Corp 272.37 272.37 272.37
Corp 918.92 918.92 918.92
Corp 16,190.00 16,190.00 16,190.00
18,396.26 - - 18,396.26 18,396.26
---------
84,410.68
=========
Corp 714.50 714.50 ck 7/3/00 714.50
Corp 33.70 33.70 33.70
Corp 124.27 124.27 124.27
- -
872.47 - - 872.47 872.47
Corp 8.71 8.71 8.71
-
8.71 - - 8.71 8.71
---------
881.18
=========
Corp 11,875.86 11,875.86 11,875.86
Corp 300.00 300.00 300.00
-
12,175.86 12,175.86 12,175.86 12,175.86 12,175.86
Corp 678.72 678.72 678.72
Corp 1,072.00 1,072.00 1,072.00
Corp 374.47 374.47 374.47
2,125.19 2,125.19 2,125.19
Corp 151.15 151.15 151.15
Corp 1,164.83 1,164.83 1,164.83
Corp 900.38 900.38 900.38
- -
2,216.36 - - 2,216.36 2,216.36
Corp 42.74 42.74 42.74
Corp 116.04 116.04 116.04
Corp 10.82 10.82 10.82
Corp 62.45 62.45 62.45
Corp 56.96 56.96 56.96
- -
289.01 - - 289.01 289.01
Corp 392.17 392.17 392.17
Corp 102.99 102.99 102.99
Corp 87.59 87.59 87.59
Corp 200.00 200.00 200.00
Corp 83.81 83.81 83.81
- - -
866.56 - - 866.56 866.56
Corp 1,983.42 1,983.42
Corp 705.80 705.80
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Development of Invoice / Service Commission
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Sub-Total for Contract Labor/Commissions 2,689.22
Corp 7/12/00 Jeff Marsh Plantation @ Fall creek Expense Reports
Corp 7/5/00 Sean McNeilis Plantation @ Fall creek Expense report
Corp 7/19/00 Darcy Grady Plantation @ Fall creek Expense reimbursement
Sub-Total for Expense Reports
Corp Various Plantation @ Fall creek July Payroll
Sub-Total for Payroll
Total Outflows for Plantation at Fall Creek
Corp Various Ridge Spa & Racquet Club July Payroll
Sub-Total for Payroll
Total Outflows for Ridge Spa & Racquet
Club (Invoiced)
Corp 7/26/00 Nevada Dept Taxation Club Sunterra @ Roundhill License
Total for Governmental Fees & Taxes
Corp 7/12/00 Felco Commercial Club Sunterra @ Roundhill Lease of van
service
Corp 7/18/00 IOS Capital Club Sunterra @ Roundhill Copier lease
Sub-Total for Equipment Leases
Corp 7/19/00 JM Enterprises Club Sunterra @ Roundhill June & July rent
Sub-Total for Property Rent -
Corp 7/19/00 Sierra Pacific Power Club Sunterra @ Roudhill Electric June
Corp 7/12/00 Sierra Pacific Power Club Sunterra @ Roundhill June power
Corp 7/26/00 Sierra pacific Power Club Sunterra @ Roundhill Utilities
Sub-Total for Utilities -
Corp 7/19/00 Nevada Bell Club Sunterra @ Roudhill phone
Corp 7/26/00 GTE Cal Club Sunterra @ Roudhill Phone
Corp 7/26/00 Sprint Club Sunterra @ Roudhill Phone
Sub Total for Telephone -
Corp 7/12/00 Fed Ex Club Sunterra @ Roundhill Shipping
Corp 7/26/00 Compupay Club Sunterra @ Roundhill payroll
Sub-Total for Office Supplies -
Corp 7/12/00 Resort Development Club Sunterra @ Roundhill Escrow Bank Fees
International
Corp 7/12/00 Stewart Title Club Sunterra @ Roundhill Transfer to trust Dunne
Corp 7/19/00 Tahoe Beach & Ski Club Club Sunterra @ Roundhill 10% RPM GM Fee
Sub-Total for Miscellaneous -
Corp 7/19/00 Hale Lane Peek Dennison Club Sunterra @ Roundhill Legal
Sub-Total for Professional Fees -
Total Outflows for Club Sunterra @ Roundhill
Corp 7/19/00 San Luis Bay Inn San Luis Bay June phone
Corp 7/19/00 San Luis Bay Inn San Luis Bay June cost share
<CAPTION>
Legal Pre- Post-Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
-
- - - 2,689.22 2,689.22
Corp 24.49 24.49 24.49
Corp 1,328.18 1,328.18 1,328.18
Corp 27.90 27.90 27.90
1,380.57 1,380.57 1,380.57
Corp 36,164.00 36,164.00 36,164.00
36,164.00 36,164.00 36,164.00
----------
57,906.77
==========
Corp 13,223.00 13,223.00 13,223.00
-
13,223.00 - 13,223.00 - 13,223.00
----------
13,223.00
==========
Corp 1,648.75 1,648.75 1,648.75
Corp 1,648.75 - - 1,648.75 1,648.75
Corp 1,079.97 1,079.97 1,079.97
2,850.64 2,850.64 2,850.64
3,930.61 - - 3,930.61 3,930.61
Corp 2,980.00 2,980.00 2,980.00
2,980.00 2,980.00 2,980.00
Corp 51.55 51.55 51.55
Corp 670.91 670.91 670.91
17.22 17.22 17.22
739.68 - - 739.68 739.68
Corp 1,359.55 1,359.55 1,359.55
Corp 39.10 39.10 39.10
258.23 258.23 258.23
- -
1,656.88 - - 1,656.88 1,656.88
Corp 18.82 18.82 18.82
Corp 168.76 168.76 168.76
- - -
187.58 - - 187.58 187.58
Corp 6,519.35 6,519.35 6,519.35
Corp 30.00 30.00 30.00
Corp 687.50 687.50 687.50
-
7,236.85 - - 7,236.85 7,236.85
Corp 135.00 135.00 135.00
-
-
135.00 - - 135.00 135.00
---------
18,515.35
=========
Corp 338.57 338.57 338.57
Corp 29,628.54 29,628.54 29,628.54
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice/Service
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Corp 7/19/00 San Luis Bay Inn San Luis Bay Easement area billing
Sub-Total for Miscellaneous
Corp Various San Luis Bay July Payroll
Sub-Total for Payroll
Total Outflows for San Luis Bay
Corp 7/25/00 Storage USA Villas of Santa Fe Storage
Sub-Total for Property Rent
Corp 7/25/00 Amer teledata Villas of Santa Fe Credit machine
Total Equipment Leases
Corp 7/25/00 US West Communications Villas of Santa Fe Phone
Corp 7/25/00 Verizon Villas of Santa Fe Phone
Sub Total for Telephone
Corp 7/25/00 Airborne Villas of Santa Fe Shipping
Corp 7/25/00 Federal express Villas of Santa Fe Shipping
Corp 7/25/00 UPS Villas of Santa Fe Shipping
Sub-Total for Office Supplies
Corp 7/19/00 Wm & Marilyn Sepples Villas of Santa Fe Refund
Sub-Total for Miscellaneous
Total Outflows for Villas of Santa Fe
<CAPTION>
Legal Pre- Post-Petition check Check/wire
Entity Commission Other Petition 1st Day Order Subsequent wire Date Total
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Corp 2,554.60 2,554.60 2,554.60
- 32,521.71 - - 32,521.71 32,521.71
Corp 30,000.00 30,000.00 30,000.00
- 30,000.00 - - 30,000.00 30,000.00
-------------
62,521.71
=============
Corp - 109.00 109.00 109.00
-
109.00 109.00 109.00 109.00 109.00
Corp 51.85 51.85 51.85
51.85 51.85 51.85
Corp 973.17 973.17 973.17
Corp 433.64 433.64 433.64
-
- 1,406.81 - - 1,406.81 1,406.81
Corp 17.82 17.82 17.82
Corp 21.20 21.20 21.20
Corp 616.25 616.25 616.25
- - -
- 655.27 - - 655.27 655.27
Corp 3,605.00 3,605.00 3,605.00
- 3,605.00 - - 3,605.00 3,605.00
------------
5,827.93
============
Total Outflows for Sunterra Corporation 7,200,236.54
00-5-6931-JS
</TABLE>
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
AKGI St.
Legal entity Maarten, N.V.
Bankruptcy filing number 00-5-6933-JS
-------------
Revenues:
---------
Vacation interests sales $ 577,721
Interest income -
Other income (loss) 114,353
----------
Total revenues 692,074
----------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales 157,528
Advertising, sales and marketing 340,339
Provision for doubtful accounts -
Loan portfolio expenses 21,577
General & administrative 102,832
Depreciation & amortization 20,375
----------
Total costs & operating expenses 642,651
----------
(Loss) income from operations 49,423
Interest expense -
Realized loss on available-for-sale securities -
Bankruptcy expenses -
----------
Income before provision for taxes 49,423
Provision for income taxes -
----------
Net (loss) income $ 49,423
==========
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
AKGI St.
Legal entity Maarten, N.V.
Bankruptcy filing number 00-5-6933-JS
-------------
Assets:
-------
Cash and cash equivalents $ 529,140
Cash in escrow and restricted cash 769
Mortgage receivables, net -
Retained interests -
Intercompany receivable (4,728,184)
Due from related parties 1,883,654
Other receivables, net 2,959,534
Prepaid expenses and other assets 618,132
Investment in joint ventures -
Real estate and development costs 18,089,040
Property and equipment, net 342,912
Intangible assets 5,313
------------
Total assets $ 19,700,310
============
Liabilities and equity:
-----------------------
Accounts payable subject to compromise $ 5,034,094
Notes payable subject to compromise -
Accounts payable not subject to compromise 55,882
Accrued liabilities 66,402
Notes payable not subject to compromise -
Deferred taxes 18,920
------------
Total liabilities 5,175,298
------------
Stockholders' equity 14,525,012
Total liabilities and equity $ 19,700,310
============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
AKGI St.
Legal entity Maarten, N.V.
Bankruptcy filing number 00-5-6933-JS
------------
Inflows:
--------
Deposit/Collection
------------------
Cash-Out Program $ 97,517
Encore 5,962
Vacation Ownership Sales 150,804
------------
Subtotal-Deposit/Collection Inflows 254,283
Other
-----
Asset Sales -
------------
Total Cash Inflows 254,283
Outflows:
---------
Operating-Resorts 43,958
------------
Total Cash Outflows $ 43,958
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
AKGI St. Maarten NV, Inc. 7/25/00 Thrifty Car rental St Maarten Car lease
Total Equipment Leases
AKGI St. Maarten NV, Inc. 7/25/00 Various St. Maarten Cell phone charge
AKGI St. Maarten NV, Inc. 7/25/00 Telnet St. Maarten Internet charges
Sub Total for Telephone
AKGI St. Maarten NV, Inc. 7/25/00 Alico Insurance St Maarten Medical ins
Sub-Total for Insurance
AKGI St. Maarten NV, Inc. 7/25/00 Federal express St Maarten Shipping
AKGI St. Maarten NV, Inc. 7/25/00 New edition St Maarten Office supplies
AKGI St. Maarten NV, Inc. 7/25/00 PDG Supplies St Maarten Office supplies
AKGI St. Maarten NV, Inc. 7/25/00 Various St Maarten Postage
AKGI St. Maarten NV, Inc. 7/25/00 New edition St Maarten Office supplies
AKGI St. Maarten NV, Inc. 7/25/00 Office World St Maarten Office supplies
AKGI St. Maarten NV, Inc. 7/25/00 Safe cargo St Maarten Shipping
Sub-Total for Office Supplies - St. Maarten,
AKGI St. Maarten NV, Inc. 7/25/00 Various St. Maarten Royal Palm inventory - food & beverage
AKGI St. Maarten NV, Inc. 7/25/00 Various St. Maarten Royal Palm - vouchers for tours
AKGI St. Maarten NV, Inc. 7/25/00 Carls & Sons St. Maarten June bread
AKGI St. Maarten NV, Inc. 7/25/00 Petty cash St. Maarten F & B
AKGI St. Maarten NV, Inc. 7/25/00 Pan Achives St. Maarten Entertainment
AKGI St. Maarten NV, Inc. 7/25/00 Duzons Catering St. Maarten Breakfast meeting
AKGI St. Maarten NV, Inc. 7/25/00 Ruford Serrent St. Maarten Tent Rental
AKGI St. Maarten NV, Inc. 7/25/00 Sign Shop St. Maarten Sales/ Marketing signs
AKGI St. Maarten NV, Inc. 7/25/00 Various St. Maarten Flamingo Entertainment
AKGI St. Maarten NV, Inc. 7/25/00 Eric Durreche St. Maarten Booth rent
AKGI St. Maarten NV, Inc. 7/25/00 Carls & Sons St. Maarten June bread Flamingo
AKGI St. Maarten NV, Inc. 7/25/00 Various St. Maarten Flamingo inventory - food & beverage
AKGI St. Maarten NV, Inc. 7/25/00 Courtwell Mgmt St. Maarten Vouchers
AKGI St. Maarten NV, Inc. 7/25/00 Various St. Maarten Booth rent
Sub-Total for Marketing, Selling, Advertising
AKGI St. Maarten NV, Inc. 7/25/00 Alejandra Padin St. Maarten Expense Report
Sub-Total for Expense Reports
AKGI St. Maarten NV, Inc. 7/25/00 Bernard Brown St. Maarten transport top soil
AKGI St. Maarten NV, Inc. 7/25/00 CH Pest Control Palm St. Maarten Monthly Pest control Flamingo & Royal Palm
AKGI St. Maarten NV, Inc. 7/25/00 Marshall Motors St. Maarten Vehicle lease
AKGI St. Maarten NV, Inc. 7/25/00 Original car rental St. Maarten Vehicle maintenance
Sub-Total for Repairs & Maintenance
AKGI St. Maarten NV, Inc. 7/25/00 Various Banks St. Maarten Loan repayments deducted from emp payroll
AKGI St. Maarten NV, Inc. 7/25/00 St Maarten Housing St. Maarten Rent deducted from emp payroll
AKGI St. Maarten NV, Inc. 7/25/00 WIFOL St. Maarten Union dues deducted from emp payroll
AKGI St. Maarten NV, Inc. 7/25/00 Various St. Maarten Misc. Expenses
Sub-Total for Miscellaneous
AKGI St. Maarten NV, Inc. 7/25/00 Winkel, Slolina St Maarten Legal fees
Sub-Total for Professional Fees
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Commission Other Petition 1st Day Order Subsequent wire Date Total
--------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C> <C> <C>
AKGI St. Maarten NV, Inc. 900.00 900.00 900.00
900.00 900.00 900.00
AKGI St. Maarten NV, Inc. 309.07 309.07 309.07
AKGI St. Maarten NV, Inc. 37.07 37.07 37.07
0.00 0.00
346.14 - - 346.14 346.14
AKGI St. Maarten NV, Inc. 477.10 477.10 477.10
0.00
477.10 - - 477.10 477.10
AKGI St. Maarten NV, Inc. 1,894.15 1,894.15 1,894.15
AKGI St. Maarten NV, Inc. 349.18 349.18 349.18
AKGI St. Maarten NV, Inc. 45.57 45.57 45.57
AKGI St. Maarten NV, Inc. 156.05 156.05 156.05
AKGI St. Maarten NV, Inc. 823.00 823.00 823.00
AKGI St. Maarten NV, Inc. 119.70 119.70 119.70
AKGI St. Maarten NV, Inc. 53.02 53.02 53.02
0.00 0.00
3,440.67 - - 3,440.67 3,440.67
AKGI St. Maarten NV, Inc. 6,429.31 6,429.31 6,429.31
AKGI St. Maarten NV, Inc. 1,114.00 1,114.00 1,114.00
AKGI St. Maarten NV, Inc. 2,398.04 2,398.04 2,398.04
AKGI St. Maarten NV, Inc. 195.32 195.32 195.32
AKGI St. Maarten NV, Inc. 500.00 500.00 500.00
AKGI St. Maarten NV, Inc. 343.35 343.35 343.35
AKGI St. Maarten NV, Inc. 405.00 405.00 405.00
AKGI St. Maarten NV, Inc. 842.52 842.52 842.52
AKGI St. Maarten NV, Inc. 1,300.00 1,300.00 1,300.00
AKGI St. Maarten NV, Inc. 400.00 400.00 400.00
AKGI St. Maarten NV, Inc. 1,105.79 1,105.79 1,105.79
AKGI St. Maarten NV, Inc. 7,399.03 7,399.03 7,399.03
AKGI St. Maarten NV, Inc. 3,964.00 3,964.00 3,964.00
AKGI St. Maarten NV, Inc. 2,900.00 2,900.00 2,900.00
0.00 0.00
29,296.36 - - 29,296.36 29,296.36
AKGI St. Maarten NV, Inc. 414.00 414.00 414.00
0.00
414.00 - - 414.00 414.00
AKGI St. Maarten NV, Inc. 1,200.00 1,200.00 1,200.00
AKGI St. Maarten NV, Inc. 400.00 400.00 400.00
AKGI St. Maarten NV, Inc. 3,900.00 3,900.00 3,900.00
AKGI St. Maarten NV, Inc. 530.00 530.00 530.00
0.00
6,030.00 - - 6,030.00 6,030.00
AKGI St. Maarten NV, Inc. 1,031.78 1,031.78 1,031.78
AKGI St. Maarten NV, Inc. 714.89 714.89 714.89
AKGI St. Maarten NV, Inc. 136.17 136.17 136.17
AKGI St. Maarten NV, Inc. 421.00 421.00 421.00
0.00
2,303.84 - - 2,303.84 2,303.84
AKGI St. Maarten NV, Inc. 750.00 750.00 750.00
0.00
750.00 - - 750.00 750.00
---------
Total Outflows for AKGI St. Maarten, NV, Inc. (aka St. Maarten) 43,958.11
00-5-6933-JS =========
</TABLE>
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
All Seasons
Legal entity Properties, Inc.
Bankruptcy filing number 00-5-6934-JS
------------
Revenues:
--------
Vacation interests sales $ -
Interest income -
Other income (loss) -
-----------------
Total revenues -
-----------------
Costs & operating expenses:
--------------------------
Vacation interests cost of sales -
Advertising, sales and marketing -
Provision for doubtful accounts -
Loan portfolio expenses -
General & administrative -
Depreciation & amortization -
-----------------
Total costs & operating expenses -
-----------------
(Loss) income from operations -
Interest expense -
Realized loss on available-for-sale securities -
Bankruptcy expenses -
-----------------
Income before provision for taxes -
Provision for income taxes -
-----------------
Net (loss) income $ -
=================
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
All Seasons
Legal entity Properties, Inc.
Bankruptcy filing number 00-5-6934-JS
------------
Assets:
------
Cash and cash equivalents $ -
Cash in escrow and restricted cash -
Mortgage receivables, net -
Retained interests -
Intercompany receivable (45,039)
Due from related parties -
Other receivables, net -
Prepaid expenses and other assets -
Investment in joint ventures -
Real estate and development costs -
Property and equipment, net -
Intangible assets -
-------------
Total assets $ (45,039)
=============
Liabilities and equity:
----------------------
Accounts payable subject to compromise $ -
Notes payable subject to compromise -
Accounts payable not subject to compromise -
Accrued liabilities -
Notes payable not subject to compromise -
Deferred taxes -
-------------
Total liabilities -
-------------
Stockholders' equity (45,039)
Total liabilities and equity $ (45,039)
=============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
All Seasons
Legal entity Properties, Inc.
Bankruptcy filing number 00-5-6934-JS
-----------
No Cash Flow for this entity.
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement For the Month
Ended July 31, 2000
All Seasons
Resorts,
Legal entity Inc. (AZ)
Bankruptcy filing number 00-5-6936-JS
------------
Revenues:
--------
Vacation interests sales $ 3,704,365
Interest income 22,381
Other income (loss) 9,490
------------
Total revenues 3,736,236
------------
Costs & operating expenses:
--------------------------
Vacation interests cost of sales 955,880
Advertising, sales and marketing 1,606,696
Provision for doubtful accounts -
Loan portfolio expenses 9,225
General & administrative 214,448
Depreciation & amortization 27,939
------------
Total costs & operating expenses 2,814,188
------------
(Loss) income from operations 922,048
Interest expense (38,846)
Realized loss on available-for-sale securities -
Bankruptcy expenses -
------------
Income before provision for taxes 960,894
Provision for income taxes -
------------
Net (loss) income $ 960,894
============
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
All Seasons
Resorts,
Legal entity Inc. (AZ)
Bankruptcy filing number 00-5-6936-JS
------------
Assets:
------
Cash and cash equivalents $ 366,890
Cash in escrow and restricted cash 4,856,915
Mortgage receivables, net 2,210,768
Retained interests -
Intercompany receivable 30,211,912
Due from related parties (18,348)
Other receivables, net 7,128,721
Prepaid expenses and other assets 1,248,309
Investment in joint ventures -
Real estate and development costs 31,112,892
Property and equipment, net 1,947,126
Intangible assets -
------------
Total assets $ 79,065,185
============
Liabilities and equity:
----------------------
Accounts payable subject to compromise $ 4,277,875
Notes payable subject to compromise -
Accounts payable not subject to compromise 539,765
Accrued liabilities 2,657,462
Notes payable not subject to compromise 1,864,930
Deferred taxes -
------------
Total liabilities 9,340,032
------------
Stockholders' equity 69,725,153
Total liabilities and equity $ 79,065,185
============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31,
2000
All Seasons
Resorts,
Legal entity Inc. (AZ)
Bankruptcy filing number 00-5-6936-JS
------------
Inflows:
-------
Deposit/Collection
------------------
Encore $ 56,567
Tour Sales 3,257
Operating Refunds 2,582
Tax Refunds 1,069
------------
Subtotal-Deposit/Collection Inflows 63,475
Other
-----
Asset Sales -
------------
Total Cash Inflows 63,475
Outflows:
--------
Operating-Resorts 402,784
Payroll-Resorts(S&W) 525,199
Commissions-Post 489,815
HOA Subsidies & Maintenance Fees 99,450
------------
Total Cash Outflows $ 1,517,248
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice/Service
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
All Seasons Resorts, Inc. (AZ) 7/11/00 City of Scottsdale Scottsdale
All Seasons Resorts, Inc. (AZ) 7/25/00 City of Scottsdale Scottsdale Tax & License
Total for Governmental Fees & Taxes
All Seasons Resorts, Inc. (AZ) 7/19/00 Tri City Storage Solutions Scottsdale Storage rent
All Seasons Resorts, Inc. (AZ) 7/25/00 Mobile Mini Inc Scottsdale Storage
Sub-Total for Property Rent
All Seasons Resorts, Inc. (AZ) 7/5/00 GE Capital Scottsdale Modular Building
All Seasons Resorts, Inc. (AZ) 7/5/00 Pitney Bowes Scottsdale Postage Machine
All Seasons Resorts, Inc. (AZ) 7/25/00 GE Capital Scottsdale lease
Total Equipment Leases
All Seasons Resorts, Inc. (AZ) 7/11/00 Scottsdale Villa Mirage Scottsdale Utilities for accting and sales office June
Sub-Total for Utilities
All Seasons Resorts, Inc. (AZ) 7/11/00 Verizon Wireless Scottsdale phone
All Seasons Resorts, Inc. (AZ) 7/25/00 US West Communications Scottsdale computer lines
Sub Total for Telephone
All Seasons Resorts, Inc. (AZ) 7/5/00 Federal Express Scottsdale Shipping
All Seasons Resorts, Inc. (AZ) 7/11/00 Compupay Scottsdale Payroll
All Seasons Resorts, Inc. (AZ) 7/11/00 Data Storage Scottsdale Storage
All Seasons Resorts, Inc. (AZ) 7/19/00 Federal Express Scottsdale Shipping
All Seasons Resorts, Inc. (AZ) 7/25/00 Federal express Scottsdale Shipping
Sub-Total for Office Supplies
All Seasons Resorts, Inc. (AZ) 7/5/00 Darden Restaurants Scottsdale certificates
All Seasons Resorts, Inc. (AZ) 7/5/00 Desiree Matlock Scottsdale Breakfast
All Seasons Resorts, Inc. (AZ) 7/5/00 Rawhide Scottsdale certificates
All Seasons Resorts, Inc. (AZ) 7/11/00 Coca Cola Scottsdale Refreshments
All Seasons Resorts, Inc. (AZ) 7/11/00 Desiree Matlock Scottsdale Breakfast
All Seasons Resorts, Inc. (AZ) 7/11/00 Frys Food store Scottsdale Refreshments
All Seasons Resorts, Inc. (AZ) 7/11/00 Leach Laser Scottsdale Concierge
All Seasons Resorts, Inc. (AZ) 7/11/00 P F Changs Scottsdale Restaurant Certificates
All Seasons Resorts, Inc. (AZ) 7/11/00 Rawhide Scottsdale Certificates
All Seasons Resorts, Inc. (AZ) 7/19/00 Fashion Square Scottsdale Certificates
All Seasons Resorts, Inc. (AZ) 7/19/00 Fryes Food store Scottsdale Refreshments
All Seasons Resorts, Inc. (AZ) 7/19/00 Hinckley & Sierra Springs Scottsdale Refreshments & water
All Seasons Resorts, Inc. (AZ) 7/19/00 Desiree Matlock Scottsdale Breakfast
All Seasons Resorts, Inc. (AZ) 7/19/00 Michael Montis Scottsdale Certificates
All Seasons Resorts, Inc. (AZ) 7/19/00 Scottsdale Villa Mirage Scottsdale room stays
All Seasons Resorts, Inc. (AZ) 7/25/00 Frederico Beristain Scottsdale Business Cards
All Seasons Resorts, Inc. (AZ) 7/25/00 Frys Foods Scottsdale Refreshment
All Seasons Resorts, Inc. (AZ) 7/25/00 Desiree Matlock Scottsdale Breakfast
All Seasons Resorts, Inc. (AZ) 7/25/00 Scottsdale Villa Mirage Scottsdale Room stays
All Seasons Resorts, Inc. (AZ) 7/25/00 United Coffee Service Scottsdale Refreshment
Sub-Total for Marketing, Selling, Advertising
All Seasons Resorts, Inc. (AZ) 7/5/00 Anthony Marinelli Scottsdale Expense report
All Seasons Resorts, Inc. (AZ) 7/11/00 Various Scottsdale Expense Reports
All Seasons Resorts, Inc. (AZ) 7/25/00 Maria Thurman Scottsdale Expense Report
Sub-Total for Expense Reports
All Seasons Resorts, Inc. (AZ) 7/12/00 Scottsdale Corp Commissions
All Seasons Resorts, Inc. (AZ) 7/19/00 Various Corp Commissions - Scottsdale
All Seasons Resorts, Inc. (AZ) Scottsdale Corp Commissions
Sub-Total for Contract Labor/Commissions
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Commission Other Petition 1st Day Order Subsequent wire Date Total
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
All Seasons Resorts, Inc. (AZ) 100.00 100.00 100.00
All Seasons Resorts, Inc. (AZ) 50.00 50.00 50.00
- 150.00 - - 150.00 150.00
All Seasons Resorts, Inc. (AZ) 787.81 787.81 787.81
All Seasons Resorts, Inc. (AZ) 93.72 93.72 93.72
0.00
- 881.53 881.53 881.53 881.53 881.53
All Seasons Resorts, Inc. (AZ) 327.82 327.82 327.82
All Seasons Resorts, Inc. (AZ) 76.31 76.31 76.31
All Seasons Resorts, Inc. (AZ) 405.82 405.82 405.82
809.95 809.95 809.95
3,672.84 3,672.84 3,672.84
All Seasons Resorts, Inc. (AZ)
0.00
- 3,672.84 - - 3,672.84 3,672.84
All Seasons Resorts, Inc. (AZ)
All Seasons Resorts, Inc. (AZ) 942.07 942.07 942.07
2,051.50 2,051.50 2,051.50
0.00 0.00
All Seasons Resorts, Inc. (AZ) - 2,993.57 - - 2,993.57 2,993.57
All Seasons Resorts, Inc. (AZ)
All Seasons Resorts, Inc. (AZ) 139.54 139.54 139.54
All Seasons Resorts, Inc. (AZ) 58.17 58.17 58.17
All Seasons Resorts, Inc. (AZ) 35.00 35.00 35.00
96.03 96.03 96.03
72.16 72.16 72.16
0.00 0.00 0.00
All Seasons Resorts, Inc. (AZ) - 400.90 - - 400.90 400.90
All Seasons Resorts, Inc. (AZ)
All Seasons Resorts, Inc. (AZ) 4,250.00 4,250.00 4,250.00
All Seasons Resorts, Inc. (AZ) 310.00 310.00 310.00
All Seasons Resorts, Inc. (AZ) 625.00 625.00 625.00
All Seasons Resorts, Inc. (AZ) 618.55 618.55 618.55
All Seasons Resorts, Inc. (AZ) 310.00 310.00 310.00
All Seasons Resorts, Inc. (AZ) 130.71 130.71 130.71
All Seasons Resorts, Inc. (AZ) 43.49 43.49 43.49
All Seasons Resorts, Inc. (AZ) 2,500.00 2,500.00 2,500.00
All Seasons Resorts, Inc. (AZ) 1,875.00 1,875.00 1,875.00
All Seasons Resorts, Inc. (AZ) 2,500.00 2,500.00 2,500.00
All Seasons Resorts, Inc. (AZ) 217.10 217.10 217.10
All Seasons Resorts, Inc. (AZ) 418.51 418.51 418.51
All Seasons Resorts, Inc. (AZ) 310.00 310.00 310.00
All Seasons Resorts, Inc. (AZ) 270.00 270.00 270.00
All Seasons Resorts, Inc. (AZ) 2,522.58 2,522.58 2,522.58
All Seasons Resorts, Inc. (AZ) 35.00 35.00 35.00
All Seasons Resorts, Inc. (AZ) 217.11 217.11 217.11
All Seasons Resorts, Inc. (AZ) 310.00 310.00 310.00
697.58 697.58 697.58
95.48 95.48 95.48
0.00 0.00 0.00
All Seasons Resorts, Inc. (AZ) - 18,256.11 - - 18,256.11 18,256.11
All Seasons Resorts, Inc. (AZ)
All Seasons Resorts, Inc. (AZ) 43.00 43.00 43.00
147.61 147.61 147.61
39.87 39.87 39.87
0.00
All Seasons Resorts, Inc. (AZ) - 230.48 - 147.61 82.87 230.48
All Seasons Resorts, Inc. (AZ)
All Seasons Resorts, Inc. (AZ) 13,764.24 13,764.24 wire 7/12/00 13,764.24
5,920.31 5,920.31 wire 7/19/00 5,920.31
8,729.55 8,729.55 wire 7/27/00 8,729.55
28,414.10 - - - 28,414.10 28,414.10
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
All Seasons Resorts, Inc. (AZ) 7/5/00 Arizona PLBG & HTG Parts Scottsdale Certified Drinking Fountain
All Seasons Resorts, Inc. (AZ) 7/19/00 Scottsdale Villa Mirage Scottsdale Sales office cleaning
All Seasons Resorts, Inc. (AZ) 7/19/00 Valet USA Scottsdale Table cloths
All Seasons Resorts, Inc. (AZ) 7/25/00 Otis Elevator Scottsdale maintenance
All Seasons Resorts, Inc. (AZ) 7/25/00 Pinnacle Lock & Safe Scottsdale Keys
All Seasons Resorts, Inc. (AZ) 7/25/00 Scottsdale Villa Mirage Scottsdale Cleaning
Sub-Total for Repairs & Maintenance
All Seasons Resorts, Inc. (AZ) 7/5/00 Scottsdale Villa Mirage Scottsdale Labor
All Seasons Resorts, Inc. (AZ) 7/25/00 Club Sunterra Scottsdale Pure Conversions
All Seasons Resorts, Inc. (AZ) 7/25/00 International Escrow Service Scottsdale
Sub-Total for Miscellaneous
All Seasons Resorts, Inc. (AZ) Various Scottsdale July Payroll
Sub-Total for Payroll
Total Outflows for Scottsdale
All Seasons Resorts, Inc. (AZ) 7/19/00 HSBC Bank of New York Toe Beach & Ski Repurchase delinquent act Marine Midland
Sub-Total for Miscellaneous
Total Outflows for Tahoe Beach & Ski
All Seasons Resorts, Inc. (AZ) Arizona Dept. of Sedona
All Seasons Resorts, Inc. (AZ) 7/26/00 Arizona Public service Sedona
Total for Governmental Fees & Taxes
All Seasons Resorts, Inc. (AZ) 7/6/00 Joe Rackov Sedona Telemarketing Rent
All Seasons Resorts, Inc. (AZ) 7/12/00 Info Data marketing Sedona July rent
All Seasons Resorts, Inc. (AZ) 7/19/00 Mobile Mini Sedona Storage rent
All Seasons Resorts, Inc. (AZ) 7/26/00 Barton Trust Sedona Rent
All Seasons Resorts, Inc. (AZ) 7/26/00 Canyon Portal Properties Sedona Rent
All Seasons Resorts, Inc. (AZ) 7/26/00 Falcon Land Co Sedona Rent
All Seasons Resorts, Inc. (AZ) 7/26/00 Donald Hopkins Sedona Rent
All Seasons Resorts, Inc. (AZ) 7/26/00 Huntington Restaurant Sedona Rent
All Seasons Resorts, Inc. (AZ) 7/26/00 Kachina Building Sedona Rent
All Seasons Resorts, Inc. (AZ) 7/26/00 Lantex Building Sedona Rent
All Seasons Resorts, Inc. (AZ) 7/26/00 Mobile Mini Inc Sedona Rent
All Seasons Resorts, Inc. (AZ) 7/26/00 Joe Rackov Sedona Rent
All Seasons Resorts, Inc. (AZ) 7/26/00 Red Rock Restaurant Sedona Rent
All Seasons Resorts, Inc. (AZ) 7/26/00 Sawmill University Sedona Rent
All Seasons Resorts, Inc. (AZ) 7/26/00 Sedona Center Development Sedona Rent
All Seasons Resorts, Inc. (AZ) 7/26/00 Sinagua Plaza Sedona Rent
Sub-Total for Property Rent
All Seasons Resorts, Inc. (AZ) 7/5/00 Pitney Bowes Sedona Postage Machine
All Seasons Resorts, Inc. (AZ) 7/19/00 A1 Golf Cart Leasing Sedona Leased passenger carts
All Seasons Resorts, Inc. (AZ) 7/26/00 Az Credit Terminals Sedona credit terminal rental
All Seasons Resorts, Inc. (AZ) 7/26/00 Purchase Power Sedona mail machine
Total Equipment Leases
All Seasons Resorts, Inc. (AZ) 7/12/00 Arizona Public Service Sedona Electric
All Seasons Resorts, Inc. (AZ) 7/12/00 Oak Creek Water Sedona water
All Seasons Resorts, Inc. (AZ) 7/19/00 Arizona Public Service Sedona Electric
All Seasons Resorts, Inc. (AZ) 7/19/00 Arizona Water Co Sedona Water
All Seasons Resorts, Inc. (AZ) 7/19/00 White Rabbit Miniatures Sedona June Utilities
All Seasons Resorts, Inc. (AZ) 7/26/00 Arizona Water Co Sedona Utilities
All Seasons Resorts, Inc. (AZ) 7/26/00 White Rabbit Miniatures Sedona Utilities
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Commission Other Petition 1st Day Order Subsequent wire Date Total
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
All Seasons Resorts, Inc. (AZ) 269.29 269.29 269.29
All Seasons Resorts, Inc. (AZ) 112.50 112.50 112.50
All Seasons Resorts, Inc. (AZ) 150.00 150.00 150.00
All Seasons Resorts, Inc. (AZ) 369.88 369.88 369.88
All Seasons Resorts, Inc. (AZ) 625.70 625.70 625.70
All Seasons Resorts, Inc. (AZ) 112.50 112.50 112.50
0.00
- 1,639.87 - - 1,639.87 1,639.87
All Seasons Resorts, Inc. (AZ) 90.00 90.00 90.00
All Seasons Resorts, Inc. (AZ) 1,701.00 1,701.00 1,701.00
All Seasons Resorts, Inc. (AZ) 2,990.00 2,990.00 2,990.00
0.00
- 4,781.00 - - 4,781.00 4,781.00
All Seasons Resorts, Inc. (AZ) 55,199.65 55,199.65 55,199.65
0.00
- 55,199.65 - - 55,199.65 55,199.65
-----------
117,430.00
===========
All Seasons Resorts, Inc. (AZ) 2,175.03 2,175.03 2,175.03
0.00
- 2,175.03 - - 2,175.03 2,175.03
-----------
2,175.03
===========
All Seasons Resorts, Inc. (AZ) 10,113.34 10,113.34 10,113.34
All Seasons Resorts, Inc. (AZ) 4,577.64 4,577.64 4,577.64
- 14,690.98 - - 14,690.98 14,690.98
All Seasons Resorts, Inc. (AZ) 2,800.00 2,800.00 ck 7/6/00 2,800.00
All Seasons Resorts, Inc. (AZ) 5,000.00 5,000.00 5,000.00
All Seasons Resorts, Inc. (AZ) 92.48 92.48 92.48
All Seasons Resorts, Inc. (AZ) 1,557.00 1,557.00 1,557.00
All Seasons Resorts, Inc. (AZ) 3,640.47 3,640.47 3,640.47
All Seasons Resorts, Inc. (AZ) 4,209.72 4,209.72 4,209.72
All Seasons Resorts, Inc. (AZ) 2,469.85 2,469.85 2,469.85
All Seasons Resorts, Inc. (AZ) 1,600.00 1,600.00 1,600.00
All Seasons Resorts, Inc. (AZ) 1,556.24 1,556.24 1,556.24
All Seasons Resorts, Inc. (AZ) 4,000.00 4,000.00 4,000.00
All Seasons Resorts, Inc. (AZ) 93.57 93.57 93.57
All Seasons Resorts, Inc. (AZ) 1,400.00 1,400.00 1,400.00
All Seasons Resorts, Inc. (AZ) 500.00 500.00 500.00
All Seasons Resorts, Inc. (AZ) 808.25 808.25 808.25
All Seasons Resorts, Inc. (AZ) 5,255.66 5,255.66 5,255.66
All Seasons Resorts, Inc. (AZ) 2,665.15 2,665.15 2,665.15
0.00
- 37,648.39 37,648.39 37,648.39
All Seasons Resorts, Inc. (AZ) 246.98 246.98 ck 7/6/00 246.98
All Seasons Resorts, Inc. (AZ) 1,479.80 1,479.80 1,479.80
All Seasons Resorts, Inc. (AZ) 114.14 114.14 114.14
All Seasons Resorts, Inc. (AZ) 715.00 715.00 715.00
2,555.92 2,555.92 2,555.92
All Seasons Resorts, Inc. (AZ) 370.49 370.49 370.49
All Seasons Resorts, Inc. (AZ) 103.54 103.54 103.54
All Seasons Resorts, Inc. (AZ) 1,736.84 1,736.84 1,736.84
All Seasons Resorts, Inc. (AZ) 45.47 45.47 45.47
All Seasons Resorts, Inc. (AZ) 98.08 98.08 98.08
All Seasons Resorts, Inc. (AZ) 242.23 242.23 242.23
All Seasons Resorts, Inc. (AZ) 233.33 233.33 233.33
0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission Other
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Sub-Total for Utilities - 2,829.98
All Seasons Resorts, 7/6/00 US West Communications Sedona phone 1,713.19
Inc. (AZ)
All Seasons Resorts, 7/6/00 Verizon Wireless Sedona phone 25.65
Inc. (AZ)
All Seasons Resorts, 7/12/00 Airtouch Paging Sedona paging 69.84
Inc. (AZ)
All Seasons Resorts, 7/12/00 Cable & Wireless Sedona phone 361.52
Inc. (AZ)
All Seasons Resorts, 7/12/00 Lucent Technology Sedona phone maintenance 823.95
Inc. (AZ)
All Seasons Resorts, 7/12/00 Sprint Sedona phone 219.51
Inc. (AZ)
All Seasons Resorts, 7/12/00 US West Communications Sedona phone OPC booths 1,115.48
Inc. (AZ)
All Seasons Resorts, 7/19/00 Sedona Communications Sedona phone 11.94
Inc. (AZ)
All Seasons Resorts, 7/19/00 Sedona Internet Sedona phone 40.00
Inc. (AZ)
All Seasons Resorts, 7/19/00 Sprint Sedona phone 9,774.18
Inc. (AZ)
All Seasons Resorts, 7/19/00 US West Communications Sedona phone 2,426.69
Inc. (AZ)
All Seasons Resorts, 7/19/00 Verizon Wireless Sedona phone 1,507.27
Inc. (AZ)
All Seasons Resorts, 7/26/00 Lucent Tech Sedona Phone 2,237.67
Inc. (AZ)
All Seasons Resorts, 7/29/00 Sprint Sedona Phone 39.80
Inc. (AZ)
All Seasons Resorts, 7/29/00 US West Communications Sedona Phone 6,901.46
Inc. (AZ)
All Seasons Resorts, AT&T Sedona Phone 0.30
Inc. (AZ)
Sub Total for Telephone - 27,268.45
All Seasons Resorts, 7/6/00 Corp Express Sedona Shipping 14.96
Inc. (AZ)
All Seasons Resorts, 7/6/00 Federal Express Sedona Shipping 1,330.33
Inc. (AZ)
All Seasons Resorts, 7/6/00 Preferred Image Sedona Office supplies 308.94
Inc. (AZ)
All Seasons Resorts, 7/6/00 Printing Connection Sedona 500 Vacation Planners 5,579.25
Inc. (AZ)
All Seasons Resorts, 7/6/00 Purchase Power Sedona Postage 715.00
Inc. (AZ)
All Seasons Resorts, 7/6/00 Quill Corp Sedona Office supplies 665.15
Inc. (AZ)
All Seasons Resorts, 7/6/00 Sedona Internet Sedona OPC 20.00
Inc. (AZ)
All Seasons Resorts, 7/6/00 AM Coffee service Sedona Coffee, etc. 112.88
Inc. (AZ)
All Seasons Resorts, 7/12/00 Castle Rock Mini Sedona rent 127.00
Inc. (AZ) Storage
All Seasons Resorts, 7/12/00 Choice Point Sedona Monthly service 133.00
Inc. (AZ)
All Seasons Resorts, 7/12/00 Corporate Express Sedona Courier 33.68
Inc. (AZ)
All Seasons Resorts, 7/12/00 Crystal Sedona Water 286.86
Inc. (AZ)
All Seasons Resorts, 7/12/00 Culligan of Arizona Sedona Water 126.76
Inc. (AZ)
All Seasons Resorts, 7/12/00 Expert Carpet Cleaning Sedona Carpet cleaning 1,632.64
Inc. (AZ)
All Seasons Resorts, 7/12/00 Fed Ex Sedona Shipping 729.90
Inc. (AZ)
All Seasons Resorts, 7/12/00 Office Furniture Sedona Office Supplies 232.01
Inc. (AZ)
All Seasons Resorts, 7/12/00 Pitney Bowes Sedona Postage 16.07
Inc. (AZ)
All Seasons Resorts, 7/12/00 Printing Connection Sedona Printing 2,133.85
Inc. (AZ)
All Seasons Resorts, 7/12/00 Purchase Power Sedona Postage 765.00
Inc. (AZ)
All Seasons Resorts, 7/12/00 Quill Corp Sedona Office Supplies 1,422.64
Inc. (AZ)
All Seasons Resorts, 7/12/00 Stormaster self Sedona storage 688.04
Inc. (AZ) storage
All Seasons Resorts, 7/12/00 Adele Tanguy Sedona Office Supplies 24.80
Inc. (AZ)
All Seasons Resorts, 7/19/00 Creative Printing Sedona Color Copies 72.15
Inc. (AZ)
All Seasons Resorts, 7/19/00 Federal Express Sedona Shipping 384.17
Inc. (AZ)
All Seasons Resorts, 7/19/00 Office Furniture of Sedona Office supplies 342.33
Inc. (AZ) Sedona
All Seasons Resorts, 7/19/00 Office Max Sedona office supplies 60.98
Inc. (AZ)
All Seasons Resorts, 7/19/00 Petty Cash Sedona Ridge petty cash 53.21
Inc. (AZ)
All Seasons Resorts, 7/19/00 Petty Cash Sedona VOC petty cash 338.30
Inc. (AZ)
All Seasons Resorts, 7/19/00 Preferred Image Sedona office supplies 907.76
Inc. (AZ)
All Seasons Resorts, 7/19/00 Printing Connection Sedona Business cards 94.60
Inc. (AZ)
All Seasons Resorts, 7/26/00 All Printing Sedona Printing 717.22
Inc. (AZ)
All Seasons Resorts, 7/26/00 Credit Data Sedona 947.11
Inc. (AZ)
All Seasons Resorts, 7/26/00 D & J Wood Resources Sedona Furniture 602.69
Inc. (AZ)
All Seasons Resorts, 7/26/00 Federal express Sedona Shipping 1,389.87
Inc. (AZ)
All Seasons Resorts, 7/26/00 Office Furniture of Sedona Furniture 654.01
Inc. (AZ) Sedona
All Seasons Resorts, 7/26/00 Pitney Bowes Sedona Postage 738.75
Inc. (AZ)
All Seasons Resorts, 7/26/00 Preferred Image Sedona Office supplies 644.32
Inc. (AZ)
All Seasons Resorts, 7/26/00 Quill Corp Sedona Office supplies 778.25
Inc. (AZ)
0.00
Sub-Total for Office Supplies - 25,824.48
All Seasons Resorts, 7/5/00 Various Sedona Gifting 40,000.00
Inc. (AZ)
All Seasons Resorts, 7/14/00 Various Sedona Gifting 40,000.00
Inc. (AZ)
All Seasons Resorts, 7/25/00 Various Sedona Gifting 40,000.00
Inc. (AZ)
All Seasons Resorts, 7/6/00 Dale Boorman Sedona Entertainment 150.00
Inc. (AZ)
All Seasons Resorts, 7/6/00 Lynn Evola Sedona Catering 1,117.10
Inc. (AZ)
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Petition 1st Day Order Subsequent wire Date Total
-----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
- - 2,829.98 2,829.98
All Seasons Resorts, 1,713.19 ck 7/6/00 1,713.19
Inc. (AZ)
All Seasons Resorts, 25.65 ck 7/6/00 25.65
Inc. (AZ)
All Seasons Resorts, 69.84 69.84
Inc. (AZ)
All Seasons Resorts, 361.52 361.52
Inc. (AZ)
All Seasons Resorts, 823.95 823.95
Inc. (AZ)
All Seasons Resorts, 219.51 219.51
Inc. (AZ)
All Seasons Resorts, 1,115.48 1,115.48
Inc. (AZ)
All Seasons Resorts, 11.94 11.94
Inc. (AZ)
All Seasons Resorts, 40.00 40.00
Inc. (AZ)
All Seasons Resorts, 9,774.18 9,774.18
Inc. (AZ)
All Seasons Resorts, 2,426.69 2,426.69
Inc. (AZ)
All Seasons Resorts, 1,507.27 1,507.27
Inc. (AZ)
All Seasons Resorts, 2,237.67 2,237.67
Inc. (AZ)
All Seasons Resorts, 39.80 39.80
Inc. (AZ)
All Seasons Resorts, 6,901.46 6,901.46
Inc. (AZ)
All Seasons Resorts, 0.30 0.30
Inc. (AZ)
0.00 0.00
- - 27,268.45 27,268.45
All Seasons Resorts, 14.96 ck 7/6/00 14.96
Inc. (AZ)
All Seasons Resorts, 1,330.33 ck 7/6/00 1,330.33
Inc. (AZ)
All Seasons Resorts, 308.94 ck 7/6/00 308.94
Inc. (AZ)
All Seasons Resorts, 5,579.25 ck 7/6/00 5,579.25
Inc. (AZ)
All Seasons Resorts, 715.00 ck 7/6/00 715.00
Inc. (AZ)
All Seasons Resorts, 665.15 ck 7/6/00 665.15
Inc. (AZ)
All Seasons Resorts, 20.00 ck 7/6/00 20.00
Inc. (AZ)
All Seasons Resorts, 112.88 ck 7/6/00 112.88
Inc. (AZ)
All Seasons Resorts, 127.00 127.00
Inc. (AZ)
All Seasons Resorts, 133.00 133.00
Inc. (AZ)
All Seasons Resorts, 33.68 33.68
Inc. (AZ)
All Seasons Resorts, 286.86 286.86
Inc. (AZ)
All Seasons Resorts, 126.76 126.76
Inc. (AZ)
All Seasons Resorts, 1,632.64 1,632.64
Inc. (AZ)
All Seasons Resorts, 729.90 729.90
Inc. (AZ)
All Seasons Resorts, 232.01 232.01
Inc. (AZ)
All Seasons Resorts, 16.07 16.07
Inc. (AZ)
All Seasons Resorts, 2,133.85 2,133.85
Inc. (AZ)
All Seasons Resorts, 765.00 765.00
Inc. (AZ)
All Seasons Resorts, 1,422.64 1,422.64
Inc. (AZ)
All Seasons Resorts, 688.04 688.04
Inc. (AZ)
All Seasons Resorts, 24.80 24.80
Inc. (AZ)
All Seasons Resorts, 72.15 72.15
Inc. (AZ)
All Seasons Resorts, 384.17 384.17
Inc. (AZ)
All Seasons Resorts, 342.33 342.33
Inc. (AZ)
All Seasons Resorts, 60.98 60.98
Inc. (AZ)
All Seasons Resorts, 53.21 53.21
Inc. (AZ)
All Seasons Resorts, 338.30 338.30
Inc. (AZ)
All Seasons Resorts, 907.76 907.76
Inc. (AZ)
All Seasons Resorts, 94.60 94.60
Inc. (AZ)
All Seasons Resorts, 717.22 717.22
Inc. (AZ)
All Seasons Resorts, 967.11 947.11
Inc. (AZ)
All Seasons Resorts, 602.69 602.69
Inc. (AZ)
All Seasons Resorts, 1,389.87 1,389.87
Inc. (AZ)
All Seasons Resorts, 654.01 654.01
Inc. (AZ)
All Seasons Resorts, 738.75 738.75
Inc. (AZ)
All Seasons Resorts, 644.32 644.32
Inc. (AZ)
All Seasons Resorts, 778.25 778.25
Inc. (AZ)
0.00 0.00
- - 25,844.48 25,824.48
All Seasons Resorts, 40,000.00 wire 7/6/00 40,000.00
Inc. (AZ)
All Seasons Resorts, 40,000.00 wire 7/6/00 40,000.00
Inc. (AZ)
All Seasons Resorts, 40,000.00 wire 7/25/00 40,000.00
Inc. (AZ)
All Seasons Resorts, 150.00 ck 7/6/00 150.00
Inc. (AZ)
All Seasons Resorts, 1,117.10 ck 7/6/00 1,117.10
Inc. (AZ)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission Other
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
All Seasons Resorts, 7/6/00 Fournos Rest Sedona certificates 382.50
Inc. (AZ)
All Seasons Resorts, 7/6/00 Holiday Inn Express Sedona certificates 323.45
Inc. (AZ)
All Seasons Resorts, 7/6/00 Kenzo Ishikawa Sedona Entertainment 100.00
Inc. (AZ)
All Seasons Resorts, 7/6/00 Kings Ranson Quality Inn Sedona certificates 530.40
Inc. (AZ)
All Seasons Resorts, 7/6/00 Kathleen Malloy Sedona Catering 474.74
Inc. (AZ)
All Seasons Resorts, 7/6/00 Oaxaca Restaurant Sedona certificates 275.00
Inc. (AZ)
All Seasons Resorts, 7/6/00 Canyon Portal Properties Sedona OPC Rent 129.02
Inc. (AZ)
All Seasons Resorts, 7/6/00 Coca Cola Sedona refreshments 352.65
Inc. (AZ)
All Seasons Resorts, 7/6/00 Ridge on Sedona Golf Sedona Room stays 5,275.89
Inc. (AZ) Resort T
All Seasons Resorts, 7/6/00 Sedona Golf Sedona certificates 75.00
Inc. (AZ)
All Seasons Resorts, 7/6/00 Sedona Summit Sedona Room stays 66.11
Inc. (AZ)
All Seasons Resorts, 7/6/00 Villas at Poco Diablo Sedona Room stays 66.30
Inc. (AZ)
All Seasons Resorts, 7/6/00 DMX Music Sedona Musak 55.90
Inc. (AZ)
All Seasons Resorts, 7/6/00 John Dzerigian Sedona Entertainment 50.00
Inc. (AZ)
All Seasons Resorts, 7/6/00 A1 Golf Cart leasing Sedona 811.50
Inc. (AZ)
All Seasons Resorts, 7/6/00 Aerovista Sedona 117.60
Inc. (AZ)
All Seasons Resorts, 7/12/00 AM Coffee Service Sedona refreshments 464.03
Inc. (AZ)
All Seasons Resorts, 7/12/00 American Valet Company Sedona Valet parking 4,415.50
Inc. (AZ)
All Seasons Resorts, 7/12/00 Dale Boorman Sedona Entertainment 350.00
Inc. (AZ)
All Seasons Resorts, 7/12/00 Cowboy Club Sedona Certificates 800.00
Inc. (AZ)
All Seasons Resorts, 7/12/00 Creative Printing Sedona Printing 731.02
Inc. (AZ)
All Seasons Resorts, 7/12/00 John Dzerigian Sedona Entertainment 50.00
Inc. (AZ)
All Seasons Resorts, 7/12/00 Lynn Evola Sedona Catering 1,117.10
Inc. (AZ)
All Seasons Resorts, 7/12/00 Fournos Restaurant Sedona Certificates 247.50
Inc. (AZ)
All Seasons Resorts, 7/12/00 GMRI Sedona Premiums for OPC booths 5,100.00
Inc. (AZ)
All Seasons Resorts, 7/12/00 Holiday Inn Sedona Certificates 355.50
Inc. (AZ)
All Seasons Resorts, 7/12/00 Kings Ransom Sedona Certificates 596.70
Inc. (AZ)
All Seasons Resorts, 7/12/00 Kathleen Malloy Sedona Catering 474.74
Inc. (AZ)
All Seasons Resorts, 7/12/00 Maria's Restaurant Sedona Certificates 233.75
Inc. (AZ)
All Seasons Resorts, 7/12/00 Prime Cut Sedona Deposit -restaurant certificates 5,000.00
Inc. (AZ)
All Seasons Resorts, 7/12/00 Red Rock Jeep Tours Sedona Certificates 1,176.60
Inc. (AZ)
All Seasons Resorts, 7/12/00 Red Rock Review Sedona Certificates 400.00
Inc. (AZ)
All Seasons Resorts, 7/12/00 Daniel Rhodes Sedona Entertainment 50.00
Inc. (AZ)
All Seasons Resorts, 7/12/00 Ridge on Sedona Golf Sedona Room Stays 7,351.79
Inc. (AZ) Trust
All Seasons Resorts, 7/12/00 Roberts Creekside Cafe Sedona Certificates 1,041.25
Inc. (AZ)
All Seasons Resorts, 7/12/00 Scottsdale Fashion Sedona Certificates 1,500.00
Inc. (AZ) square
All Seasons Resorts, 7/12/00 Sedona Summitt Trust Sedona Room Stays 9,579.32
Inc. (AZ)
All Seasons Resorts, 7/12/00 Sweet Peppers Sedona Certificates 21.25
Inc. (AZ)
All Seasons Resorts, 7/12/00 Verde Canyon Railroad Sedona Certificates 1,981.00
Inc. (AZ)
All Seasons Resorts, 7/19/00 AM Coffee Service Sedona Refreshments 240.71
Inc. (AZ)
All Seasons Resorts, 7/19/00 Dale Boorman Sedona Entertainment 200.00
Inc. (AZ)
All Seasons Resorts, 7/19/00 DMX Music Sedona Musak 362.42
Inc. (AZ)
All Seasons Resorts, 7/19/00 John Dzerigian Sedona Entertainment 50.00
Inc. (AZ)
All Seasons Resorts, 7/19/00 Lynn Evola Sedona Catering 1,117.10
Inc. (AZ)
All Seasons Resorts, 7/19/00 Kenzo Ishikawa Sedona Entertainment 100.00
Inc. (AZ)
All Seasons Resorts, 7/19/00 Kings Ransom Sedona Certificates 1,524.90
Inc. (AZ)
All Seasons Resorts, 7/19/00 Kathleen Malloy Sedona Catering 474.74
Inc. (AZ)
All Seasons Resorts, 7/19/00 Daniel Rhodes Sedona Entertainment 100.00
Inc. (AZ)
All Seasons Resorts, 7/19/00 Ridge on Sedona Golf Sedona room stays 5,722.45
Inc. (AZ)
All Seasons Resorts, 7/19/00 Sedona summit Sedona room stays 1,751.10
Inc. (AZ)
All Seasons Resorts, 7/19/00 Spirit Travel Sedona Certificates 9,750.60
Inc. (AZ)
All Seasons Resorts, 7/19/00 Village Lodge Sedona Certificates 69.00
Inc. (AZ)
All Seasons Resorts, 7/26/00 AM Coffee Service Sedona Refreshment 265.74
Inc. (AZ)
All Seasons Resorts, 7/26/00 Beaver Creek Golf Sedona Certificates 100.00
Inc. (AZ)
All Seasons Resorts, 7/26/00 Various Sedona Entertainment 300.00
Inc. (AZ)
All Seasons Resorts, 7/26/00 Boyd Coffee Co Sedona Refreshment 100.65
Inc. (AZ)
All Seasons Resorts, 7/26/00 Coca Cola Sedona Refreshment 108.77
Inc. (AZ)
All Seasons Resorts, 7/26/00 Ernie Cousins Sedona Art display 300.00
Inc. (AZ)
All Seasons Resorts, 7/26/00 Linda Coutts Sedona Cake 59.15
Inc. (AZ)
All Seasons Resorts, 7/26/00 Doubletree Resort Sedona Certificates 674.28
Inc. (AZ)
All Seasons Resorts, 7/26/00 Lynn Evola Sedona Catering 1,117.10
Inc. (AZ)
All Seasons Resorts, 7/26/00 Felsot Building Sedona Art display 772.50
Inc. (AZ)
All Seasons Resorts, 7/26/00 Fournos Restaurant Sedona Certificates 427.50
Inc. (AZ)
All Seasons Resorts, 7/26/00 Holiday Inn Sedona Room stays 365.85
Inc. (AZ)
All Seasons Resorts, 7/26/00 Info USA Sedona Lead generation 662.32
Inc. (AZ)
All Seasons Resorts, 7/26/00 Kings Ransom Sedona Certificates 1,060.80
Inc. (AZ)
All Seasons Resorts, 7/26/00 Lumbermans Sedona 570.92
Inc. (AZ)
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Petition 1st Day Order Subsequent wire Date Total
-----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
All Seasons Resorts, 382.50 ck 7/6/00 382.50
Inc. (AZ)
All Seasons Resorts, 323.45 ck 7/6/00 323.45
Inc. (AZ)
All Seasons Resorts, 100.00 ck 7/6/00 100.00
Inc. (AZ)
All Seasons Resorts, 530.40 ck 7/6/00 530.40
Inc. (AZ)
All Seasons Resorts, 474.74 ck 7/6/00 474.74
Inc. (AZ)
All Seasons Resorts, 275.00 ck 7/6/00 275.00
Inc. (AZ)
All Seasons Resorts, 129.02 ck 7/6/00 129.02
Inc. (AZ)
All Seasons Resorts, 48.96 ck 7/6/00 352.65
Inc. (AZ)
All Seasons Resorts, 5,275.89 ck 7/6/00 5,275.89
Inc. (AZ)
All Seasons Resorts, 75.00 ck 7/6/00 75.00
Inc. (AZ)
All Seasons Resorts, 66.11 ck 7/6/00 66.11
Inc. (AZ)
All Seasons Resorts, 66.30 ck 7/6/00 66.30
Inc. (AZ)
All Seasons Resorts, 55.90 ck 7/6/00 55.90
Inc. (AZ)
All Seasons Resorts, 50.00 ck 7/6/00 50.00
Inc. (AZ)
All Seasons Resorts, 811.50 ck 7/6/00 811.50
Inc. (AZ)
All Seasons Resorts, 117.60 ck 7/6/00 117.60
Inc. (AZ)
All Seasons Resorts, 464.03 464.03
Inc. (AZ)
All Seasons Resorts, 4,415.50 4,415.50
Inc. (AZ)
All Seasons Resorts, 350.00 350.00
Inc. (AZ)
All Seasons Resorts, 800.00 800.00
Inc. (AZ)
All Seasons Resorts, 731.02 731.02
Inc. (AZ)
All Seasons Resorts, 50.00 50.00
Inc. (AZ)
All Seasons Resorts, 1,117.10 1,117.10
Inc. (AZ)
All Seasons Resorts, 247.50 247.50
Inc. (AZ)
All Seasons Resorts, 5,100.00 5,100.00
Inc. (AZ)
All Seasons Resorts, 355.50 355.50
Inc. (AZ)
All Seasons Resorts, 596.70 596.70
Inc. (AZ)
All Seasons Resorts, 474.74 474.74
Inc. (AZ)
All Seasons Resorts, 233.75 233.75
Inc. (AZ)
All Seasons Resorts, 5,000.00 5,000.00
Inc. (AZ)
All Seasons Resorts, 1,176.60 1,176.60
Inc. (AZ)
All Seasons Resorts, 400.00 400.00
Inc. (AZ)
All Seasons Resorts, 50.00 50.00
Inc. (AZ)
All Seasons Resorts, 7,351.79 7,351.79
Inc. (AZ)
All Seasons Resorts, 1,041.25 1,041.25
Inc. (AZ)
All Seasons Resorts, 1,500.00 1,500.00
Inc. (AZ)
All Seasons Resorts, 9,579.32 9,579.32
Inc. (AZ)
All Seasons Resorts, 21.25 21.25
Inc. (AZ)
All Seasons Resorts, 1,981.00 1,981.00
Inc. (AZ)
All Seasons Resorts, 240.71 240.71
Inc. (AZ)
All Seasons Resorts, 200.00 200.00
Inc. (AZ)
All Seasons Resorts, 362.42 362.42
Inc. (AZ)
All Seasons Resorts, 50.00 50.00
Inc. (AZ)
All Seasons Resorts, 1,117.10 1,117.10
Inc. (AZ)
All Seasons Resorts, 100.00 100.00
Inc. (AZ)
All Seasons Resorts, 1,524.90 1,524.90
Inc. (AZ)
All Seasons Resorts, 474.74 474.74
Inc. (AZ)
All Seasons Resorts, 100.00 100.00
Inc. (AZ)
All Seasons Resorts, 5,722.45 5,722.45
Inc. (AZ)
All Seasons Resorts, 1,751.10 1,751.10
Inc. (AZ)
All Seasons Resorts, 9,750.60 9,750.60
Inc. (AZ)
All Seasons Resorts, 69.00 69.00
Inc. (AZ)
All Seasons Resorts, 265.74 265.74
Inc. (AZ)
All Seasons Resorts, 100.00 100.00
Inc. (AZ)
All Seasons Resorts, 300.00 300.00
Inc. (AZ)
All Seasons Resorts, 100.65 100.65
Inc. (AZ)
All Seasons Resorts, 108.77 108.77
Inc. (AZ)
All Seasons Resorts, 300.00 300.00
Inc. (AZ)
All Seasons Resorts, 59.15 59.15
Inc. (AZ)
All Seasons Resorts, 674.28 674.28
Inc. (AZ)
All Seasons Resorts, 1,117.10 1,117.10
Inc. (AZ)
All Seasons Resorts, 772.50 772.50
Inc. (AZ)
All Seasons Resorts, 427.50 427.50
Inc. (AZ)
All Seasons Resorts, 365.85 365.85
Inc. (AZ)
All Seasons Resorts, 662.32 662.32
Inc. (AZ)
All Seasons Resorts, 1,060.80 1,060.80
Inc. (AZ)
All Seasons Resorts, 570.92 570.92
Inc. (AZ)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
All Seasons Resorts, Inc. (AZ) 7/26/00 Kathleen Maloy Sedona Catering
All Seasons Resorts, Inc. (AZ) 7/26/00 Oaxaca Restaurant Sedona Certificates
All Seasons Resorts, Inc. (AZ) 7/26/00 Petty cash Sedona Petty cash & spiff funds
All Seasons Resorts, Inc. (AZ) 7/26/00 Prime Outlets Sedona Display rack
All Seasons Resorts, Inc. (AZ) 7/26/00 Printing Connection Sedona Vacation planner
All Seasons Resorts, Inc. (AZ) 7/26/00 RCI Sedona Manuals
All Seasons Resorts, Inc. (AZ) 7/26/00 Red Rock review Sedona Ad
All Seasons Resorts, Inc. (AZ) 7/26/00 Ridge on Sedona Golf Trust Sedona Room stays
All Seasons Resorts, Inc. (AZ) 7/26/00 Sedona Springs as trust Sedona Room stays
All Seasons Resorts, Inc. (AZ) 7/26/00 Sedona Summit Sedona Room stays
All Seasons Resorts, Inc. (AZ) 7/26/00 Villas at Poco Diablo Sedona Room stays
Sub-Total for Marketing, Selling, Advertising -
All Seasons Resorts, Inc. (AZ) 7/5/00 Various Sedona Commissions 65,000.00
All Seasons Resorts, Inc. (AZ) 7/26/00 Bashas Sedona Commissions 1,401.09
All Seasons Resorts, Inc. (AZ) 7/12/00 Sedona Sedona Commissions 70,000.00
All Seasons Resorts, Inc. (AZ) 7/19/00 Various Sedona Commissions - Sedona 150,000.00
All Seasons Resorts, Inc. (AZ) 7/26/00 Sedona Sedona Commissions 175,000.00
Sub-Total for Contract Labor/Commissions 461,401.09
All Seasons Resorts, Inc. (AZ) 7/6/00 Various Sedona Expense report
All Seasons Resorts, Inc. (AZ) 7/12/00 Lana Burks Sedona Expense Reports
All Seasons Resorts, Inc. (AZ) 7/12/00 Christina Damittio Sedona Expense Reports
All Seasons Resorts, Inc. (AZ) 7/12/00 Various Sedona Expense Reports
All Seasons Resorts, Inc. (AZ) 7/19/00 Various Sedona Expense reimbursement
All Seasons Resorts, Inc. (AZ) 7/26/00 Tracey Beggs Sedona Expense Report
All Seasons Resorts, Inc. (AZ) 7/26/00 Amy Krause Sedona Expense Report
All Seasons Resorts, Inc. (AZ) 7/26/00 Michael Krause Sedona Expense Report
All Seasons Resorts, Inc. (AZ) 7/26/00 Various Sedona Expense Report
Sub-Total for Expense Reports -
All Seasons Resorts, Inc. (AZ) 7/6/00 Arizona Restroom Sanitiz Sedona Maintenance
All Seasons Resorts, Inc. (AZ) 7/6/00 Bull Electric Sedona Maintenance OPC booths
All Seasons Resorts, Inc. (AZ) 7/6/00 Expert Carpet Sedona Maintenance
All Seasons Resorts, Inc. (AZ) 7/6/00 Gardening Angels Sedona Landscaping
All Seasons Resorts, Inc. (AZ) 7/6/00 Sedona Floral Sedona Arrangements
All Seasons Resorts, Inc. (AZ) 7/12/00 Bull Electric Sedona Maintenance
All Seasons Resorts, Inc. (AZ) 7/12/00 Foliage Unlimited Sedona Maintenance
All Seasons Resorts, Inc. (AZ) 7/19/00 Arizona Restroom Sanitation Sedona office cleaning
All Seasons Resorts, Inc. (AZ) 7/19/00 Bull Electric Sedona Maintenance
All Seasons Resorts, Inc. (AZ) 7/19/00 Culligan of Arizona Sedona water
All Seasons Resorts, Inc. (AZ) 7/19/00 Maintenance warehouse Sedona Maintenance
All Seasons Resorts, Inc. (AZ) 7/19/00 Rayne of N. Arizona Sedona Maintenance
All Seasons Resorts, Inc. (AZ) 7/19/00 Sedona Moving & Storage Sedona Cottonwood move
All Seasons Resorts, Inc. (AZ) 7/19/00 Sedona Recycles Sedona paper pick up
All Seasons Resorts, Inc. (AZ) 7/19/00 Thyssen Elevator Sedona Maintenance
All Seasons Resorts, Inc. (AZ) 7/19/00 Waxie Sanitary Supplies Sedona Maintenance
All Seasons Resorts, Inc. (AZ) 7/26/00 A & L Fire Protection Sedona Omega head replacement
All Seasons Resorts, Inc. (AZ) 7/26/00 Leon Barris Sedona Repairs
All Seasons Resorts, Inc. (AZ) 7/26/00 Best Productions Sedona Monthly maintenance fees
All Seasons Resorts, Inc. (AZ) 7/26/00 Gillian Jones Sedona Maintenance
All Seasons Resorts, Inc. (AZ) 7/26/00 Mountain Waste Sedona service
All Seasons Resorts, Inc. (AZ) 7/26/00 Arthur Sanchez Sedona Electrical work
All Seasons Resorts, Inc. (AZ) 7/26/00 Sedona Moving & Storage Sedona move
All Seasons Resorts, Inc. (AZ) 7/26/00 Waste Management Sedona service
All Seasons Resorts, Inc. (AZ) 7/26/00 Western fence Sedona temp fencing
Sub-Total for Repairs & Maintenance -
All Seasons Resorts, Inc. (AZ) 7/6/00 Sedona Main Street program Sedona Membership
All Seasons Resorts, Inc. (AZ) 7/9/00 Tahona Daluz Sedona Insurance reimbursement
All Seasons Resorts, Inc. (AZ 7/6/00 International Escrow Service Sedona Encore conversion
All Seasons Resorts, Inc. (AZ) 7/9/00 Petty Cash Sedona Petty Cash reimbursement
All Seasons Resorts, Inc. (AZ) 7/6/00 Arizona Public Service Sedona
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
All Seasons Resorts, Inc. (AZ) 474.74 474.74 474.74
All Seasons Resorts, Inc. (AZ) 350.00 350.00 350.00
All Seasons Resorts, Inc. (AZ) 3,398.50 3,398.50 3,398.50
All Seasons Resorts, Inc. (AZ) 200.00 200.00 200.00
All Seasons Resorts, Inc. (AZ) 6,179.10 6,179.10 6,179.10
All Seasons Resorts, Inc. (AZ) 7,486.75 7,486.75 7,486.75
All Seasons Resorts, Inc. (AZ) 950.00 950.00 950.00
All Seasons Resorts, Inc. (AZ) 6,787.86 6,787.86 6,787.86
All Seasons Resorts, Inc. (AZ) 66.23 66.23 66.23
All Seasons Resorts, Inc. (AZ) 1,529.97 1,529.97 1,529.97
All Seasons Resorts, Inc. (AZ) 77.54 77.54 77.54
0.00 0.00 0.00
229,239.50 - - 228,935.81 229,239.50
All Seasons Resorts, Inc. (AZ) 65,000.00 wire 7/5/00 65,000.00
All Seasons Resorts, Inc. (AZ) 1,401.09 1,401.09
All Seasons Resorts, Inc. (AZ) 70,000.00 wire 7/12/00 70,000.00
All Seasons Resorts, Inc. (AZ) 150,000.00 wire 7/19/00 150,000.00
All Seasons Resorts, Inc. (AZ) 175,000.00 wire 7/25/00 175,000.00
0.00
0.00 - - 461,401.09 461,401.09
All Seasons Resorts, Inc. (AZ) 541.39 541.39 ck 7/6/00 541.39
All Seasons Resorts, Inc. (AZ) 212.88 212.88 212.88
All Seasons Resorts, Inc. (AZ) 72.82 72.82 72.82
All Seasons Resorts, Inc. (AZ) 506.90 506.90 506.90
All Seasons Resorts, Inc. (AZ) 998.37 998.37 998.37
All Seasons Resorts, Inc. (AZ) 75.00 75.00 75.00
All Seasons Resorts, Inc. (AZ) 185.05 185.05 185.05
All Seasons Resorts, Inc. (AZ) 88.18 88.18 88.18
All Seasons Resorts, Inc. (AZ) 255.94 255.94 255.94
0.00
2,936.53 - - 2,936.53 2,936.53
All Seasons Resorts, Inc. (AZ) 9,436.75 9,436.75 ck 7/6/00 9,436.75
All Seasons Resorts, Inc. (AZ) 274.06 274.06 ck 7/6/00 274.06
All Seasons Resorts, Inc. (AZ) 634.92 634.92 ck 7/6/00 634.92
All Seasons Resorts, Inc. (AZ) 714.90 714.90 ck 7/6/00 714.90
All Seasons Resorts, Inc. (AZ) 81.38 81.38 ck 7/6/00 81.38
All Seasons Resorts, Inc. (AZ) 103.47 103.47 103.47
All Seasons Resorts, Inc. (AZ) 425.00 425.00 425.00
All Seasons Resorts, Inc. (AZ) 7,538.11 7,538.11 7,538.11
All Seasons Resorts, Inc. (AZ) 160.24 160.24 160.24
All Seasons Resorts, Inc. (AZ) 70.84 70.84 70.84
All Seasons Resorts, Inc. (AZ) 131.73 131.73 131.73
All Seasons Resorts, Inc. (AZ) 94.41 94.41 94.41
All Seasons Resorts, Inc. (AZ) 293.50 293.50 293.50
All Seasons Resorts, Inc. (AZ) 180.00 180.00 180.00
All Seasons Resorts, Inc. (AZ) 142.46 142.46 142.46
All Seasons Resorts, Inc. (AZ) 599.22 599.22 599.22
All Seasons Resorts, Inc. (AZ) 322.40 322.40 322.40
All Seasons Resorts, Inc. (AZ) 2,500.00 2,500.00 2,500.00
All Seasons Resorts, Inc. (AZ) 20.00 20.00 20.00
All Seasons Resorts, Inc. (AZ) 125.00 125.00 125.00
All Seasons Resorts, Inc. (AZ) 40.00 40.00 40.00
All Seasons Resorts, Inc. (AZ) 1,300.00 1,300.00 1,300.00
All Seasons Resorts, Inc. (AZ) 1,621.50 1,621.50 1,621.50
All Seasons Resorts, Inc. (AZ) 374.51 374.51 374.51
All Seasons Resorts, Inc. (AZ) 1,400.00 1,400.00 1,400.00
0.00
28,584.40 - - 28,584.40 28,584.40
All Seasons Resorts, Inc. (AZ) 175.00 175.00 ck 7/6/00 175.00
All Seasons Resorts, Inc. (AZ) 100.00 100.00 ck 7/6/00 100.00
All Seasons Resorts, Inc. (AZ 995.00 995.00 ck 7/6/00 995.00
All Seasons Resorts, Inc. (AZ) 457.66 457.66 ck 7/6/00 457.66
All Seasons Resorts, Inc. (AZ) 35.63 35.63 ck 7/6/00 35.63
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
All Seasons Resorts, Inc. (AZ) 7/12/00 International Escrow Service Sedona Encore conversions
All Seasons Resorts, Inc. (AZ) 7/12/00 Various Petty Cash Funds Sedona Petty Cash
All Seasons Resorts, Inc. (AZ) 7/12/00 Rex Winchester Sedona Reimbursement marketing room stay
All Seasons Resorts, Inc. (AZ) 7/19/00 International Escrow Service Sedona Encore transfer
All Seasons Resorts, Inc. (AZ) 7/19/00 Pamela Mikesell Sedona Reimbursement for OPC spiff
All Seasons Resorts, Inc. (AZ) 7/26/00 Beverly Gaddy Sedona Refund
All Seasons Resorts, Inc. (AZ) 7/26/00 International Escrow Service Sedona Encore transfers
All Seasons Resorts, Inc. (AZ) 7/26/00 Sedona Golf Resort Sedona Parking
All Seasons Resorts, Inc. (AZ) 7/26/00 Sedona Internet Sedona Service
All Seasons Resorts, Inc. (AZ) Sedona Sedona Misc.
All Seasons Resorts, Inc. (AZ) Sedona Sedona Operating Refund
Sub-Total for Miscellaneous -
All Seasons Resorts, Inc. (AZ) 7/6/00 Sedona Springs Resort Sedona Maintenance Fees
All Seasons Resorts, Inc. (AZ) 7/6/00 Villas at Poco Diablo Sedona Maintenance Fees
All Seasons Resorts, Inc. (AZ) 7/6/00 Villas of Sedona Sedona Maintenance Fees
All Seasons Resorts, Inc. (AZ) 7/12/00 Ridge on Sedona Golf Sedona HOA dues Gonzalez
Sub-Total for Maintenance Fees -
All Seasons Resorts, Inc. (AZ) Various Sedona July Payroll
Sub-Total for Payroll -
Total Outflows for Sedona
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
All Seasons Resorts, Inc. (AZ) 2,985.00 2,985.00 2,985.00
All Seasons Resorts, Inc. (AZ) 2,746.21 2,746.21 2,746.21
All Seasons Resorts, Inc. (AZ) 641.66 641.66 641.66
All Seasons Resorts, Inc. (AZ) 3,985.00 3,985.00 3,985.00
All Seasons Resorts, Inc. (AZ) 2,202.00 2,202.00 2,202.00
All Seasons Resorts, Inc. (AZ) 397.36 397.36 397.36
All Seasons Resorts, Inc. (AZ) 1,990.00 1,990.00 1,990.00
All Seasons Resorts, Inc. (AZ) 4,464.00 4,464.00 4,464.00
All Seasons Resorts, Inc. (AZ) 20.00 20.00 20.00
All Seasons Resorts, Inc. (AZ) 20.00 20.00 20.00
All Seasons Resorts, Inc. (AZ) (26,000.00) (26,000.00) (26,000.00)
0.00
(4,785.48) - - (4,785.48) (4,785.48)
All Seasons Resorts, Inc. (AZ) 10,157.13 10,157.13 ck 7/6/00 10,157.13
All Seasons Resorts, Inc. (AZ) 17,784.84 17,784.84 ck 7/6/00 17,784.84
All Seasons Resorts, Inc. (AZ) 71,092.21 71,092.21 ck 7/6/00 71,092.21
All Seasons Resorts, Inc. (AZ) 416.35 416.35 416.35
99,450.53 - 99,450.53 - 99,450.53
All Seasons Resorts, Inc. (AZ) 470,000.00 470,000.00 470,000.00
0.00
470,000.00 - - 470,000.00 470,000.00
-------------
1,397,644.77
=============
Total Outflows for All Seasons Resorts, Inc. (AZ) (aka Sedona, Scottsdale and
Tahoe Beach & Ski) 1,517,249.80
</TABLE>
00-5-6936-JS
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
All Seasons
Resorts,
Legal entity Inc. (TX)
Bankruptcy filing number 00-5-6937-JS
------------
Revenues:
---------
Vacation interests sales $ (8,800)
Interest income -
Other income (loss) -
-----------
Total revenues (8,800)
-----------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales (1,564)
Advertising, sales and marketing 3,575
Provision for doubtful accounts -
Loan portfolio expenses -
General & administrative 9,594
Depreciation & amortization 2,487
-----------
Total costs & operating expenses 14,092
-----------
(Loss) income from operations (22,892)
Interest expense -
Realized loss on available-for-sale securities -
Bankruptcy expenses -
-----------
Loss before provision for taxes (22,892)
Provision for income taxes -
-----------
Net (loss) income $ (22,892)
===========
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
All Seasons
Resorts,
Legal entity Inc. (TX)
Bankruptcy filing number 00-5-6937-JS
------------
Assets:
------
Cash and cash equivalents $ 5,130
Cash in escrow and restricted cash 82,721
Mortgage receivables, net -
Retained interests -
Intercompany receivable (6,702,633)
Due from related parties (34,106)
Other receivables, net 951,180
Prepaid expenses and other assets 33,638
Investment in joint ventures -
Real estate and development costs 3,763,815
Property and equipment, net 84,051
Intangible assets -
------------
Total assets $(1,816,204)
------------
Liabilities and equity:
----------------------
Accounts payable subject to compromise $ 194,508
Notes payable subject to compromise -
Accounts payable not subject to compromise 19,602
Accrued liabilities 27,026
Notes payable not subject to compromise -
Deferred taxes -
------------
Total liabilities 241,136
------------
Stockholders' equity (2,057,340)
Total liabilities and equity $(1,816,204)
============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
All Seasons
Resorts,
Legal entity Inc. (TX)
Bankruptcy filing number 00-5-6937-JS
------------
Inflows:
-------
Deposit/Collection
------------------
Encore $ 4,520
Closing Costs (40)
Employee Payroll Deduction Reimbursement 77
------------
Subtotal-Deposit/Collection Inflows 4,557
Other
-----
Asset Sales -
------------
Total Cash Inflows 4,557
Outflows:
---------
Operating-Resorts 2,214
Payroll-Resorts(S&W) 1,753
------------
Total Cash Outflows $ 3,967
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Comm
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
All Seasons Resorts, Inc. (TX) 7/25/00 Mid South Electric Villas on the Lake Electric
Montgomery Co. Villas on the Lake Utilities
Sub-Total for Utilities -
All Seasons Resorts, Inc. (Tx) 7/25/00 Federal express Villas on the Lake Shipping
Sub-Total for Office Supplies -
All Seasons Resorts, Inc. (TX) 7/25/00 Villas on the Lake Villas on the lake Room stays
Sub-Total for Marketing, Selling, Advertising -
All Seasons Resorts, Inc. (TX) 7/25/00 Various Villas on the Lake Expense Report
Sub-Total for Expense Reports -
All Seasons Resorts, Inc. (TX) 7/12/00 Monitronics Villas on the Lake Security monitoring
Sub-Total for Maintenance
All Seasons Resorts, Inc. (TX) Various Villas on the Lake July Payroll
Sub-Total for Payroll -
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
All Seasons Resorts, Inc. (TX) 833.22 833.22 833.22
153.17 153.17 153.17
986.39 - - 986.39 986.39
All Seasons Resorts, Inc. (Tx) 330.76 330.76 330.76
330.76 - - 330.76 330.76
All Seasons Resorts, Inc. (TX) 736.36 736.36 736.36
0.00 0.00 0.00
736.36 - - 736.36 736.36
All Seasons Resorts, Inc. (TX) 108.73 108.73 108.73
0.00
108.73 - - 108.73 108.73
All Seasons Resorts, Inc. (TX) 51.96 51.96 51.96
0.00
51.96 51.96 51.96
All Seasons Resorts, Inc. (TX) 1,753.00 1,753.00 1,753.00
1,753.00 - - 1,753.00 1,753.00
--------
Total Outflows for All Seasons Resorts, Inc. (TX) (aka Villas on the Lake) 3,967.20
00-5-6937-JS ========
</TABLE>
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Grand
Legal entity Beach, LP
Bankruptcy filing number 00-5-6945-JS
------------
Revenues:
---------
Vacation interests sales $ 406,234
Interest income -
Other income (loss) 65,620
------------
Total revenues 471,854
------------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales 89,727
Advertising, sales and marketing 200,705
Provision for doubtful accounts -
Loan portfolio expenses -
General & administrative 51,785
Depreciation & amortization 22,989
------------
Total costs & operating expenses 365,206
------------
(Loss) income from operations 106,648
Interest expense -
Realized loss on available-for-sale securities -
Bankruptcy expenses -
-------------
Income before provision for taxes 106,648
Provision for income taxes -
-------------
Net (loss) income $ 106,648
=============
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Grand
Legal entity Beach, LP
Bankruptcy filing number 00-5-6945-JS
------------
Assets:
-------
Cash and cash equivalents $ (6,025)
Cash in escrow and restricted cash 3,465,782
Mortgage receivables, net -
Retained interests -
Intercompany receivable (9,859,033)
Due from related parties 403,526
Other receivables, net 5,437,860
Prepaid expenses and other assets 178,342
Investment in joint ventures -
Real estate and development costs 19,486,720
Property and equipment, net 645,562
Intangible assets 50,444
------------
Total assets $ 19,803,178
============
Liabilities and equity:
-----------------------
Accounts payable subject to compromise $ 4,310,768
Notes payable subject to compromise -
Accounts payable not subject to compromise 196,860
Accrued liabilities 668,286
Notes payable not subject to compromise -
Deferred taxes -
------------
Total liabilities 5,175,914
------------
Stockholders' equity 14,627,264
Total liabilities and equity $ 19,803,178
============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation,et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Grand
Legal entity Beach, LP
Bankruptcy filing number 00-5-6945-JS
------------
Inflows:
--------
Deposit/Collection
------------------
Encore $ 93,428
Closing Costs 325
Operating Refunds 10,053
Conversions 100
Escrow Funds (34,963)
Employee Payroll Deduction Reimbursement 471
------------
Subtotal-Deposit/Collection Inflows 69,414
Other
-----
Asset Sales -
------------
Total Cash Inflows 69,414
Outflows:
---------
Operating-Resorts 38,462
Payroll-Resorts(S&W) 28,455
Commissions-Post 42,458
------------
Total Cash Outflows $ 109,375
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Commission Service Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Grand Beach Resort, 7/18/00 Earl K Wood Tax Collector EVR Grand Beach Tag # FS277W 188.20
Limited Partnership
Total for Governmental Fees - 188.20
& Taxes - Grand Beach
Grand Beach Resort, 7/12/00 Premier Modular Building EVR Grand Beach July rents 2,314.62
Limited Partnership
Grand Beach Resort, 7/13/00 Premier Modular Building EVR Grand Beach June rental of Containers 180.20
Limited Partnership
Grand Beach Resort, 7/13/00 Premier Modular Building EVR Grand Beach June rental of 36x60 complex 773.38
Limited Partnership
Grand Beach Resort, 7/13/00 Premier Modular Building EVR Grand Beach June rental of 24x60 trailer 715.92
Limited Partnership
Grand Beach Resort, 7/13/00 Premier Modular Building EVR Grand Beach June rental of 42x60 complex - 1,541.24
Limited Partnership handicap ramp
Total Equipment Leases - 5,525.36
Grand Beach
Grand Beach Resort, 7/18/00 Florida Power EVR Grand Beach Electric 587.51
Limited Partnership
Grand Beach Resort, 7/18/00 Embassy Vacation EVR Grand Beach Electric June 2,010.82
Limited Partnership
Grand Beach Resort, 7/26/00 Florida Power EVR Grand Beach Utilities 44.61
Limited Partnership
Sub-Total for Utilities Grand - 2,642.94
Beach
Grand Beach Resort, 7/18/00 Cable & Wireless EVR Grand Beach 65.28
Limited Partnership
Sub Total for Telephone - - 65.28
Grand Beach
Grand Beach Resort, 7/12/00 DHL EVR Grand Beach Shipping 65.81
Limited Partnership
Grand Beach Resort, 7/12/00 Fla Carbonic EVR Grand Beach CO2 14.00
Limited Partnership
Grand Beach Resort, 7/18/00 Federal Express EVR Grand Beach Shipping 819.61
Limited Partnership
Grand Beach Resort, 7/26/00 Crystal springs Water EVR Grand Beach Water 10.60
Limited Partnership
Sub-Total for Office Supplies - 910.02
Grand Beach
Grand Beach Resort, 7/12/11 Holly Camorata EVR Grand Beach Entertainment 250.00
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Petition 1st Day Order Subsequent wire Date Total
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Grand Beach Resort, 188.20 188.20
Limited Partnership
188.20 - 188.20
Grand Beach Resort, 2,314.62 2,314.62
Limited Partnership
Grand Beach Resort, 180.20 180.20
Limited Partnership
Grand Beach Resort, 773.38 773.38
Limited Partnership
Grand Beach Resort, 715.92 715.92
Limited Partnership
Grand Beach Resort, 1,541.24 1,541.24
Limited Partnership
5,525.36 - 5,525.36
Grand Beach Resort, 587.51 587.51
Limited Partnership
Grand Beach Resort, 2,010.82 2,010.82
Limited Partnership
Grand Beach Resort, 44.61 44.61
Limited Partnership
-
2,642.94 - 2,642.94
Grand Beach Resort, 65.28 65.28
Limited Partnership
-
65.28 - 65.28
Grand Beach Resort, 65.81 65.81
Limited Partnership
Grand Beach Resort, 14.00 14.00
Limited Partnership
Grand Beach Resort, 819.61 819.61
Limited Partnership
Grand Beach Resort, 10.60 10.60
Limited Partnership
-
910.02 - 910.02
Grand Beach Resort, 250.00 250.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Grand Beach Resort, 7/12/00 Various EVR Grand Beach Food 1,063.28
Limited Partnership
Grand Beach Resort, 7/5/00 Sysco food EVR Grand Beach refreshments 315.00
Limited Partnership
Grand Beach Resort, 7/18/00 Holly Camorata EVR Grand Beach Entertainment 250.00
Limited Partnership
Grand Beach Resort, 7/18/00 Various Vendors EVR Grand Beach Food 467.12
Limited Partnership
Grand Beach Resort, 7/18/00 RCI EVR Grand Beach Enrollments 2,005.00
Limited Partnership
Grand Beach Resort, 7/18/00 Sysco Food EVR Grand Beach Food 503.00
Limited Partnership
Grand Beach Resort, 7/26/00 Holly Camorata EVR Grand Beach Entertainment 250.00
Limited Partnership
Grand Beach Resort, 7/26/00 Various EVR Grand Beach Food 917.76
Limited Partnership
Sub-Total for Marketing, - 6,021.16
Selling, Advertising - Grand
Beach
Grand Beach Resort, 7/12/00 Various EVR Grand Beach Commissions 7,523.82
Limited Partnership
Grand Beach Resort, 7/5/00 Various EVR Grand Beach Commissions 20,294.10
Limited Partnership
Grand Beach Resort, 7/18/00 Various EVR Grand Beach Commissions 13,073.45
Limited Partnership
Grand Beach Resort, 7/26/00 Various EVR Grand Beach Commission 11,601.50
Limited Partnership
Sub-Total for Contract 52,492.87 0.00
Labor/Commissions
Grand Beach Resort, 7/5/00 Jack Stewart EVR Grand Beach Expense report 116.47
Limited Partnership
Grand Beach Resort, 7/13/00 Jack Stewart EVR Grand Beach Expense Reports 116.47
Limited Partnership
Grand Beach Resort, 7/18/00 Jack Stewart EVR Grand Beach Expense reimbursement 75.76
Limited Partnership
Grand Beach Resort, 7/26/00 Jack Stewart EVR Grand Beach Expense Report 96.13
Limited Partnership
Sub-Total for Expense - 404.83
Reports
Grand Beach Resort, 7/26/00 Fla Carbonic EVR Grand Beach 12.72
Limited Partnership
Sub-Total for Repairs & - 12.72
Maintenance
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Petition 1st Day Order Subsequent wire Date Total
---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Grand Beach Resort, 1,063.28 1,063.28
Limited Partnership
Grand Beach Resort, 315.00 ck 07/05/00 315.00
Limited Partnership
Grand Beach Resort, 250.00 250.00
Limited Partnership
Grand Beach Resort, 467.12 467.12
Limited Partnership
Grand Beach Resort, 2,005.00 2,005.00
Limited Partnership
Grand Beach Resort, 503.00 503.00
Limited Partnership
Grand Beach Resort, 250.00 250.00
Limited Partnership
Grand Beach Resort, 917.76 917.76
Limited Partnership
-
6,021.16 - 6,021.16
Grand Beach Resort, 7,523.82 7,523.82
Limited Partnership
Grand Beach Resort, 20,294.10 ck 07/05/00 20,294.10
Limited Partnership
Grand Beach Resort, 13,073.45 13,073.45
Limited Partnership
Grand Beach Resort, 11,601.50 11,601.50
Limited Partnership
-
- 52,492.87 - 52,492.87
Grand Beach Resort, 116.47 ck 07/05/00 116.47
Limited Partnership
Grand Beach Resort, 116.47 116.47
Limited Partnership
Grand Beach Resort, 75.76 75.76
Limited Partnership
Grand Beach Resort, 96.13 96.13
Limited Partnership
-
- 404.83 - 404.83
Grand Beach Resort, 12.72 12.72
Limited Partnership
-
- 12.72 - 12.72
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Grand Beach Resort, 7/12/00 Better Business Bureau EVR Grand Beach Membership
Limited Partnership
Grand Beach Resort, 7/12/00 Ownershares EVR Grand Beach shares
Limited Partnership
Grand Beach Resort, 7/12/00 RCI EVR Grand Beach Enrollments
Limited Partnership
Grand Beach Resort, 7/18/00 Schreeder, Wheeler, Flint EVR Grand Beach Encore transfer
Limited Partnership
Sub-Total for Miscellaneous -
Various EVR Grand Beach July Payroll
Sub-Total for Payroll
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
-----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Grand Beach Resort, 675.00 675.00 675.00
Limited Partnership
Grand Beach Resort, 120.00 120.00 120.00
Limited Partnership
Grand Beach Resort, 1,012.00 1,012.00 1,012.00
Limited Partnership
Grand Beach Resort, 10,850.00 10,850.00 10,850.00
Limited Partnership
-
12,657.00 - 12,657.00 - 12,657.00
28,455.00 28,455.00 28,455.00
28,455.00 28,455.00 - - 28,455.00
-------------
Total Outflows for Grand Beach Resort, Limited Partnership (aka EVR Grand Beach) 109,375.38
=============
</TABLE>
00-5-6945-JS
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Greensprings
Legal entity Associates
Bankruptcy filing number 00-5-6946-JS
------------
Revenues:
---------
Vacation interests sales $ 252,225
Interest income -
Other income (loss) -
---------
Total revenues 252,225
---------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales 73,050
Advertising, sales and marketing 263,313
Provision for doubtful accounts -
Loan portfolio expenses -
General & administrative 25,909
Depreciation & amortization 13,786
---------
Total costs & operating expenses 376,058
---------
(Loss) income from operations (123,833)
Interest expense -
Realized loss on available-for-sale securities -
Bankruptcy expenses -
---------
Loss before provision for taxes (123,833)
Provision for income taxes -
---------
Net (loss) income $(123,833)
=========
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Greensprings
Legal entity Associates
Bankruptcy filing number 00-5-6946-JS
------------
Assets:
-------
Cash and cash equivalents $ -
Cash in escrow and restricted cash 937,726
Mortgage receivables, net -
Retained interests -
Intercompany receivable 18,794,891
Due from related parties (59,825)
Other receivables, net 1,324,938
Prepaid expenses and other assets 43,750
Investment in joint ventures -
Real estate and development costs 12,591,272
Property and equipment, net 1,840,900
Intangible assets -
------------
Total assets $ 35,473,652
============
Liabilities and equity:
-----------------------
Accounts payable subject to compromise $ 1,584,139
Notes payable subject to compromise -
Accounts payable not subject to compromise -
Accrued liabilities 5,980
Notes payable not subject to compromise -
Deferred taxes -
------------
Total liabilities 1,590,119
------------
Stockholders' equity 33,883,533
Total liabilities and equity $ 35,473,652
============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Greensprings
Legal entity Associates
Bankruptcy filing number 00-5-6946-JS
------------
No Cash Flow for this entity.
Cash Flow is combined with Powhatan Associates.
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Greensprings
Plantation
Legal entity Resorts, Inc.
Bankruptcy filing number 00-5-6947-JS
------------
Revenues:
---------
Vacation interests sales $ -
Interest income -
Other income (loss) -
------------
Total revenues -
------------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales -
Advertising, sales and marketing -
Provision for doubtful accounts -
Loan portfolio expenses -
General & administrative -
Depreciation & amortization -
------------
Total costs & operating expenses -
------------
(Loss) income from operations -
Interest expense -
Realized loss on available-for-sale securities -
Bankruptcy expenses -
------------
Income before provision for taxes -
Provision for income taxes -
------------
Net (loss) income $ -
============
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Greensprings
Plantation
Legal entity Resorts, Inc.
Bankruptcy filing number 00-5-6947-JS
------------
Assets:
-------
Cash and cash equivalents $ -
Cash in escrow and restricted cash -
Mortgage receivables, net -
Retained interests -
Intercompany receivable 416,447
Due from related parties -
Other receivables, net 6
Prepaid expenses and other assets -
Investment in joint ventures (810,271)
Real estate and development costs -
Property and equipment, net -
Intangible assets -
------------
Total assets $ (393,818)
============
Liabilities and equity:
-----------------------
Accounts payable subject to compromise $ -
Notes payable subject to compromise -
Accounts payable not subject to compromise -
Accrued liabilities -
Notes payable not subject to compromise -
Deferred taxes -
------------
Total liabilities -
------------
Stockholders' equity (393,818)
Total liabilities and equity $ (393,818)
============
<PAGE>
Form No. 8
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Greensprings
Plantation
Legal entity Resorts, Inc.
Bankruptcy filing number 00-5-6947-JS
------------
No Cash Flow for this entity.
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Harich Tahoe
Legal entity Development
Bankruptcy filing number 00-5-6948-JS
------------
Revenues:
---------
Vacation interests sales $ -
Interest income -
Other income (loss) -
------------
Total revenues -
------------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales -
Advertising, sales and marketing -
Provision for doubtful accounts -
Loan portfolio expenses -
General & administrative 89
Depreciation & amortization 58,617
------------
Total costs & operating expenses 58,706
------------
(Loss) income from operations (58,706)
Interest expense -
Realized loss on available-for-sale securities -
Bankruptcy expenses -
------------
Loss before provision for taxes (58,706)
Provision for income taxes -
------------
Net (loss) income $ (58,706)
============
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Harich Tahoe
Legal entity Development
Bankruptcy filing number 00-5-6948-JS
------------
Assets:
-------
Cash and cash equivalents $ -
Cash in escrow and restricted cash -
Mortgage receivables, net -
Retained interests -
Intercompany receivable (3,747,509)
Due from related parties -
Other receivables, net 467,451
Prepaid expenses and other assets 14,522
Investment in joint ventures -
Real estate and development costs 467,477
Property and equipment, net 123,518
Intangible assets 4,650,120
------------
Total assets $ 1,975,579
============
Liabilities and equity:
-----------------------
Accounts payable subject to compromise $ 41,222
Notes payable subject to compromise 1,154,643
Accounts payable not subject to compromise -
Accrued liabilities (4)
Notes payable not subject to compromise -
Deferred taxes -
------------
Total liabilities 1,195,861
------------
Stockholders' equity 779,718
Total liabilities and equity $ 1,975,579
============
<PAGE>
Form No. 8
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Harich Tahoe
Legal entity Development
Bankruptcy filing number 00-5-6948-JS
------------
Inflows:
--------
Deposit/Collection
------------------
Encore $ 6,392
Operating Refunds 7,317
------------
Subtotal-Deposit/Collection Inflows 13,709
Other
-----
Asset Sales -
------------
Total Cash Inflows 13,709
Outflows:
---------
Total Cash Outflows $ -
------------
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Lake Tahoe
Resort
Legal entity Partners, LLC
Bankruptcy filing number 00-5-6952-JS
------------
Revenues:
---------
Vacation interests sales $ 681,862
Interest income -
Other income (loss) 185,389
-------------
Total revenues 867,251
-------------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales 287,100
Advertising, sales and marketing 312,521
Provision for doubtful accounts -
Loan portfolio expenses 6,687
General & administrative 63,428
Depreciation & amortization 8,197
-------------
Total costs & operating expenses 677,933
-------------
(Loss) income from operations 189,318
Interest expense -
Realized loss on available-for-sale securities -
Bankruptcy expenses -
-------------
Income before provision for taxes 189,318
Provision for income taxes -
-------------
Net (loss) income $ 189,318
=============
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Lake Tahoe
Resort
Legal entity Partners, LLC
Bankruptcy filing number 00-5-6952-JS
------------
Assets:
-------
Cash and cash equivalents $ 5,245
Cash in escrow and restricted cash 297,753
Mortgage receivables, net -
Retained interests -
Intercompany receivable (29,678,233)
Due from related parties 1,234,272
Other receivables, net 546,857
Prepaid expenses and other assets 111,011
Investment in joint ventures -
Real estate and development costs 46,129,553
Property and equipment, net 248,186
Intangible assets -
-------------
Total assets $ 18,894,644
=============
Liabilities and equity:
-----------------------
Accounts payable subject to compromise $ 4,283,654
Notes payable subject to compromise -
Accounts payable not subject to compromise 247,035
Accrued liabilities 208,364
Notes payable not subject to compromise -
Deferred taxes -
-------------
Total liabilities 4,739,053
-------------
Stockholders' equity 14,155,591
Total liabilities and equity $ 18,894,644
=============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Lake Tahoe
Resort
Legal entity Partners, LLC
Bankruptcy filing number 00-5-6952-JS
------------
Inflows:
--------
Deposit/Collection
------------------
Encore $ 3,128
Operating Refunds 400
Tax Refunds 141
-------------
Subtotal-Deposit/Collection Inflows 3,669
Other
-----
Asset Sales -
-------------
Total Cash Inflows 3,669
Outflows:
---------
Operating-Resorts 98,667
Payroll-Resorts(S&W) 103,499
-------------
Total Cash Outflows $ 202,166
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable Pre-
Entity Received Invoice Payable to From Description of Invoice/Service Commission Other Petition
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Lake Tahoe Resort 7/12/00 Franchise Tax Board EVR Tahoe John Whittaker 203.11
Partners, LLC
Lake Tahoe Resort 7/26/00 Franchise Tax board EVR Tahoe John Whittaker 231.94
Partners, LLC
Lake Tahoe Resort 7/11/00 California Dept of RE EVR Tahoe RMI Brokers License 110.00
Partners, LLC
Total for Governmental Fees & Taxes - EVR Tahoe 545.05
Lake Tahoe Resort 7/19/00 Ski Run Marina EVR Tahoe IH Vendor Location rent 8,000.00
Partners, LLC
Lake Tahoe Resort 7/19/00 Stor-All EVR Tahoe Storage rent 83.00
Partners, LLC
Lake Tahoe Resort 7/12/00 Michael Buffo EVR Tahoe July rent 1,666.00
Partners, LLC
Lake Tahoe Resort 7/12/00 Michael Presley EVR Tahoe July rent 4,000.00
Partners, LLC
Lake Tahoe Resort 7/12/00 Tahoe Beach & Ski EVR Tahoe July rent 500.00
Partners, LLC
Lake Tahoe Resort 7/26/00 Michael Buffo EVR Tahoe Rent 1,666.00
Partners, LLC
Lake Tahoe Resort 7/26/00 Michael Presley EVR Tahoe Rent 4,000.00
Partners, LLC
Lake Tahoe Resort 7/26/00 Stor All EVR Tahoe Rent 565.00
Partners, LLC
Lake Tahoe Resort 7/26/00 Tahoe Beach & Ski EVR Tahoe Rent 500.00
Partners, LLC
Sub-Total for Property Rent - EVR Tahoe 20,980.00
Lake Tahoe Resort 7/19/00 IOS Capital EVR Tahoe Copier lease 1,164.86
Partners, LLC
Lake Tahoe Resort 7/12/00 Rentokil EVR Tahoe 1,019.59
Partners, LLC
Lake Tahoe Resort 7/26/00 Ikon Office EVR Tahoe copiers 347.92
Partners, LLC
Total Equipment Leases - EVR Tahoe 2,532.37
Lake Tahoe Resort 7/12/00 AT & T Wireless EVR Tahoe phone 277.03
Partners, LLC
Lake Tahoe Resort 7/12/00 AT & T EVR Tahoe phone 154.33
Partners, LLC
Lake Tahoe Resort 7/12/00 GTE California EVR Tahoe phone 132.49
Partners, LLC
Lake Tahoe Resort 7/12/00 Pacific Bell EVR Tahoe phone 248.36
Partners, LLC
Lake Tahoe Resort 7/26/00 Integrated Telecom EVR Tahoe Install lines 373.60
Partners, LLC
Lake Tahoe Resort 7/26/00 Lightyear Communication EVR Tahoe 1,057.59
Partners, LLC
Lake Tahoe Resort 7/26/00 Pacific Bell EVR Tahoe Mobile phone 562.64
Partners, LLC
Lake Tahoe Resort 7/26/00 Sprint EVR Tahoe Phone 634.22
Partners, LLC
Sub Total for Telephone - EVR Tahoe 3,440.26
Lake Tahoe Resort 7/12/00 Armored Transport EVR Tahoe armored service 111.24
Partners, LLC
Lake Tahoe Resort 7/12/00 Fed Ex EVR Tahoe Shipping 501.82
Partners, LLC
Lake Tahoe Resort 7/12/00 Graphic Express EVR Tahoe Puzzles 500.00
Partners, LLC
Lake Tahoe Resort 7/12/00 Ikon Office Solutions EVR Tahoe copiers 1,473.19
Partners, LLC
<CAPTION>
Legal Post - Petition check Check/wire
Entity 1st Day Order Subsequent wire Date Total
------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Lake Tahoe Resort 203.11 203.11
Partners, LLC
Lake Tahoe Resort 231.94 231.94
Partners, LLC
Lake Tahoe Resort 110.00 wire 7/11/00 110.00
Partners, LLC
545.05 545.05
Lake Tahoe Resort 8,000.00 8,000.00
Partners, LLC
Lake Tahoe Resort 83.00 83.00
Partners, LLC
Lake Tahoe Resort 1,666.00 1,666.00
Partners, LLC
Lake Tahoe Resort 4,000.00 4,000.00
Partners, LLC
Lake Tahoe Resort 500.00 500.00
Partners, LLC
Lake Tahoe Resort 1,666.00 1,666.00
Partners, LLC
Lake Tahoe Resort 4,000.00 4,000.00
Partners, LLC
Lake Tahoe Resort 565.00 565.00
Partners, LLC
Lake Tahoe Resort 500.00 500.00
Partners, LLC
0.00
20,980.00 20,980.00
Lake Tahoe Resort 1,164.86 1,164.86
Partners, LLC
Lake Tahoe Resort 1,019.59 1,019.59
Partners, LLC
Lake Tahoe Resort 347.92 347.92
Partners, LLC
2,532.37 2,532.37
Lake Tahoe Resort 277.03 277.03
Partners, LLC
Lake Tahoe Resort 154.33 154.33
Partners, LLC
Lake Tahoe Resort 132.49 132.49
Partners, LLC
Lake Tahoe Resort 248.36 248.36
Partners, LLC
Lake Tahoe Resort 373.60 373.60
Partners, LLC
Lake Tahoe Resort 1,057.59 1,057.59
Partners, LLC
Lake Tahoe Resort 562.64 562.64
Partners, LLC
Lake Tahoe Resort 634.22 634.22
Partners, LLC
0.00 0.00
3,440.26 3,440.26
Lake Tahoe Resort 111.24 111.24
Partners, LLC
Lake Tahoe Resort 501.82 501.82
Partners, LLC
Lake Tahoe Resort 500.00 500.00
Partners, LLC
Lake Tahoe Resort 1,473.19 1,473.19
Partners, LLC
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice/Service Commission Other
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Lake Tahoe Resort 7/12/00 Microbuilt EVR Tahoe computer supply 40.76
Partners, LLC
Lake Tahoe Resort 7/19/00 Compupay EVR Tahoe Payroll processing 227.49
Partners, LLC
Lake Tahoe Resort 7/19/00 Lake Tahoe Resort EVR Tahoe Petty cash 5,500.00
Partners, LLC Partners
Lake Tahoe Resort 7/26/00 Compupay EVR Tahoe payroll 192.01
Partners, LLC
Lake Tahoe Resort 7/26/00 Federal express EVR Tahoe Shipping 271.92
Partners, LLC
0.00
Sub-Total for Office Supplies - EVR Tahoe 8,818.43
Lake Tahoe Resort 7/12/00 Action Watersports EVR Tahoe Certificates 50.00
Partners, LLC
Lake Tahoe Resort 7/12/00 Barclay Properties EVR Tahoe Tours 6/1-6/8 260.00
Partners, LLC
Lake Tahoe Resort 7/12/00 Travel Systems EVR Tahoe MS Dixie charges 72.00
Partners, LLC
Lake Tahoe Resort 7/19/00 Embassy Vacation Resort EVR Tahoe HOA Dues- Various owners 2,550.00
Partners, LLC
Lake Tahoe Resort 7/19/00 Hornblower Cruises EVR Tahoe Certificates 3,750.00
Partners, LLC
Lake Tahoe Resort 7/19/00 Travel Systems EVR Tahoe MS Dixie cruise 1,944.00
Partners, LLC
Lake Tahoe Resort RCI EVR Tahoe 55.00
Partners, LLC
Lake Tahoe Resort 7/26/00 Embassy Vacation resort EVR Tahoe brochures 1,357.00
Partners, LLC
Lake Tahoe Resort 7/26/00 RCI EVR Tahoe Directories 1,433.25
Partners, LLC
Lake Tahoe Resort 7/26/00 Williams Sports Rentals EVR Tahoe Certificates 1,683.00
Partners, LLC
0.00
Sub-Total for Marketing, Selling, Advertising - EVR Tahoe 13,154.25
Lake Tahoe Resort 7/26/00 Barry Edelson EVR Tahoe override 210.14
Partners, LLC
Sub-Total for Contract Labor/Commissions 210.14
Lake Tahoe Resort 7/25/00 Debra Rosenow EVR Tahoe Expense Report 123.00
Partners, LLC
Sub-Total for Expense Reports 123.00
Lake Tahoe Resort 7/19/00 Chevron EVR Tahoe fuel 58.09
Partners, LLC
Lake Tahoe Resort 7/12/00 AT & T Cable EVR Tahoe cable 100.73
Partners, LLC
Lake Tahoe Resort 7/12/00 Stor All EVR Tahoe Rent 482.00
Partners, LLC
Lake Tahoe Resort 7/26/00 Scott Hoppe EVR Tahoe Janitorial 50.00
Partners, LLC
Sub-Total for Repairs & Maintenance 690.82
Lake Tahoe Resort 7/12/00 Lake Tahoe Resort EVR Tahoe Petty Cash 5,000.00
Partners, LLC Partners
Lake Tahoe Resort 7/12/00 RMI Broker Trust Acct EVR Tahoe Encore credit, Doc Prep,
Partners, LLC Closing cost, Bank Fee 7,447.11
Lake Tahoe Resort 7/19/00 Tahoe Beach & Ski Club EVR Tahoe 10% RPM GM Fee 687.50
Partners, LLC
Lake Tahoe Resort 7/26/00 Gregory Elliot EVR Tahoe Refund 421.25
Partners, LLC
Lake Tahoe Resort 7/26/00 Lake Tahoe Resort EVR Tahoe Petty cash 6,000.00
Partners, LLC Partners
<CAPTION>
Legal Pre- Post-Petition check Check/wire
Entity Petition 1st Day Order Subsequent wire Date Total
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Lake Tahoe Resort 40.76 40.76
Partners, LLC
Lake Tahoe Resort 227.49 227.49
Partners, LLC
Lake Tahoe Resort 5,500.00 5,500.00
Partners, LLC
Lake Tahoe Resort 192.01 192.01
Partners, LLC
Lake Tahoe Resort 271.92 271.92
Partners, LLC
0.00 0.00
8,818.43 8,818.43
Lake Tahoe Resort 50.00 50.00
Partners, LLC
Lake Tahoe Resort 260.00 260.00
Partners, LLC
Lake Tahoe Resort 72.00 72.00
Partners, LLC
Lake Tahoe Resort 2,550.00 2,550.00
Partners, LLC
Lake Tahoe Resort 3,750.00 3,750.00
Partners, LLC
Lake Tahoe Resort 1,944.00 1,944.00
Partners, LLC
Lake Tahoe Resort 55.00 55.00
Partners, LLC
Lake Tahoe Resort 1,357.00 1,357.00
Partners, LLC
Lake Tahoe Resort 1,433.25 1,433.25
Partners, LLC
Lake Tahoe Resort 1,683.00 1,683.00
Partners, LLC
0.00 0.00
2,550.00 10,604.25 13,154.25
Lake Tahoe Resort 210.14 210.14
Partners, LLC 0.00
210.14 210.14
Lake Tahoe Resort 123.00 123.00
Partners, LLC
0.00
123.00 123.00
Lake Tahoe Resort 58.09 58.09
Partners, LLC
Lake Tahoe Resort 100.73 100.73
Partners, LLC
Lake Tahoe Resort 482.00 482.00
Partners, LLC
Lake Tahoe Resort 50.00 50.00
Partners, LLC
0.00
690.82 690.82
Lake Tahoe Resort 5,000.00 5,000.00
Partners, LLC
Lake Tahoe Resort 7,447.11 7,447.11
Partners, LLC
Lake Tahoe Resort 687.50 687.50
Partners, LLC
Lake Tahoe Resort 421.25 421.25
Partners, LLC
Lake Tahoe Resort 6,000.00 6,000.00
Partners, LLC
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission Other
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Lake Tahoe Resort 7/26/00 James Lang EVR Tahoe Refund 25.58
Partners, LLC
Lake Tahoe Resort 7/26/00 RMI Inc. EVR Tahoe Doc Prep 460.00
Partners, LLC
Lake Tahoe Resort EVR Tahoe EVR Tahoe Operating Refund (15,000.00)
Partners, LLC
Lake Tahoe Resort EVR Tahoe EVR Tahoe Misc 1,938.00
Partners, LLC
Sub-Total for Miscellaneous 6,979.44
Lake Tahoe Resort 7/12/00 EVR Tahoe EVR Tahoe HOA dues Whitt & Cualoping 621.00
Partners, LLC
Lake Tahoe Resort 7/12/00 Ridge Point POA EVR Tahoe 2000 Subsidy 40,572.00
Partners, LLC
Sub-Total for Maintenance Fees 41,193.00
Lake Tahoe Resort Various EVR Tahoe July Payroll 103,499.00
Partners, LLC
Sub-Total for Payroll 103,499.00
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Petition 1st Day Order Subsequent wire Date Total
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Lake Tahoe Resort 25.58 25.58
Partners, LLC
Lake Tahoe Resort 460.00 460.00
Partners, LLC
Lake Tahoe Resort (15,000.00) (15,000.00)
Partners, LLC
Lake Tahoe Resort 1,938.00 1,938.00
Partners, LLC
0.00
6,979.44 6,979.44
Lake Tahoe Resort 621.00 621.00
Partners, LLC
Lake Tahoe Resort 40,572.00 40,572.00
Partners, LLC
41,193.00 0.00 41,193.00
Lake Tahoe Resort 103,499.00 103,499.00
Partners, LLC
0.00
103,499.00 103,499.00
----------
Total Outflows for Lake Tahoe Resort Partners, LLC (aka EVR Tahoe) 202,165.76
==========
00-5-6952-JS
</TABLE>
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
MMG
Development
Legal entity Corp.
Bankruptcy filing number 00-5-6954-JS
------------
Revenues:
---------
Vacation interests sales $ 395,461
Interest income -
Other income (loss) 249,702
------------
Total revenues 645,163
------------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales 102,939
Advertising, sales and marketing 181,794
Provision for doubtful accounts -
Loan portfolio expenses -
General & administrative 102,003
Depreciation & amortization 33,404
------------
Total costs & operating expenses 420,140
------------
(Loss) income from operations 225,023
Interest expense -
Realized loss on available-for-sale securities -
Bankruptcy expenses -
------------
Income before provision for taxes 225,023
Provision for income taxes -
------------
Net (loss) income $ 225,023
============
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
MMG
Development
Legal entity Corp.
Bankruptcy filing number 00-5-6954-JS
------------
Assets:
-------
Cash and cash equivalents $ 264,127
Cash in escrow and restricted cash 1,749,164
Mortgage receivables, net -
Retained interests -
Intercompany receivable (24,047,388)
Due from related parties 50,757
Other receivables, net 1,890,718
Prepaid expenses and other assets 1,124,690
Investment in joint ventures -
Real estate and development costs 22,041,286
Property and equipment, net 5,647,179
Intangible assets -
------------
Total assets $ 8,720,533
============
Liabilities and equity:
-----------------------
Accounts payable subject to compromise $ 3,655,141
Notes payable subject to compromise -
Accounts payable not subject to compromise 250,497
Accrued liabilities (43,748)
Notes payable not subject to compromise -
Deferred taxes -
------------
Total liabilities 3,861,890
------------
Stockholders' equity 4,858,643
Total liabilities and equity $ 8,720,533
============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
MMG
Development
Legal entity Corp.
Bankruptcy filing number 00-5-6954-JS
------------
Inflows:
--------
Deposit/Collection
------------------
Encore $ 56,841
Tour Sales (2,002)
Operating Refunds 5,536
Employee Payroll Deduction Reimbursement 391
------------
Subtotal-Deposit/Collection Inflows 60,766
------------
Other
-----
Asset Sales -
------------
Total Cash Inflows 60,766
Outflows:
---------
Operating-Resorts 59,275
Payroll-Resorts(S&W) 60,497
Commissions-Pre 230
Commissions-Post 52,057
------------
Total Cash Outflows $ 172,059
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Comm
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
MMG Development Corp 7/11/00 Florida Power Polynesian Isle Electric
MMG Development Corp Florida Power Polynesian Isle
Sub-Total for Utilities -
MMG Development Corp 7/5/00 Mike Weber Polynesian Isle Expense report
Sub-Total for Expense Reports
Total Outflows for Polynesian Isle
MMG Development Corp 7/26/00 Micro-built Ft. Lauderdale credit machine 45.58
Total Equipment Leases - Ft. Lauderdale 45.48
MMG Development Corp 7/26/00 Bell South Ft. Lauderdale Phone 121.41
Sub Total for Telephone - Ft. Lauderdale 121.41
MMG Development Corp 7/26/00 Federal express Ft. Lauderdale Shipping 469.14
Sub-Total for Office Supplies - Ft. Lauderdale 469.14
MMG Development Corp 7/26/00 Club Sunterra Ft. Lauderdale Club money SWF sent to FT Lauderdale 8,760.00
MMG Development Corp 7/26/00 Park Ave Office Services Ft. Lauderdale Rental fee 22.80
Sub-Total for Miscellaneous 8,782.80
Total Outflows for Ft. Lauderdale
MMG Development Corp 7/19/00 Pitney Bowes Gatlinburg Equip rent
MMG Development Corp 7/27/00 Neopost Gatlinburg lease
Total Equipment Leases - Gatlinburg
MMG Development Corp 7/19/00 City of Gatlinburg Gatlinburg
MMG Development Corp 7/19/00 Sevier County Gatlinburg Electric
MMG Development Corp 7/19/00 Web Creek Utility Gatlinburg
MMG Development Corp 7/27/00 Sevier Cty Electric Gatlinburg Utilities
MMG Development Corp 7/27/00 Sevier Cty Utility Diistrict Gatlinburg Utilities
Sub-Total for Utilities - Gatlinburg -
MMG Development Corp 7/19/00 Bell South Gatlinburg phone
MMG Development Corp 7/18/00 Cable & Wireless Gatlinburg phone
MMG Development Corp 7/19/00 Cellular One Gatlinburg phone
MMG Development Corp 7/19/00 US Cellular Gatlinburg phone
MMG Development Corp 7/19/00 Sprint Gatlinburg phone
MMG Development Corp 6/27/00 BTI Telecommunications Gatlinburg Phone
MMG Development Corp 7/26/00 Bell South Gatlinburg Phone
MMG Development Corp 7/27/00 US Cellular Gatlinburg Phone
Sub Total for Telephone - Gatlinburg -
MMG Development Corp 7/19/00 Airborne Gatlinburg Shipping
MMG Development Corp 7/19/00 Business Machine Co Gatlinburg Copier Maint
MMG Development Corp 7/19/00 Compupay Gatlinburg Payroll processing
MMG Development Corp 7/19/00 Federal Express Gatlinburg Shipping
MMG Development Corp 7/27/00 Credit Data Gatlinburg credit processing
MMG Development Corp 7/27/00 Danka Gatlinburg Copier supplies
MMG Development Corp 7/27/00 Federal express Gatlinburg Shipping
MMG Development Corp 7/27/00 UPS Gatlinburg Shipping
Sub-Total for Office Supplies - Gatlinburg -
</TABLE>
<TABLE>
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
MMG Development Corp 1,250.38 1,250.38 1,250.38
MMG Development Corp 88.83 88.83 88.83
1,339.21 1,339.21 1,339.21
MMG Development Corp 388.15 388.15 ck 7/5/00 388.15
0.00
388.15 - 388.15 - 388.15
--------
1,727.36
========
MMG Development Corp 45.58 45.58 45.58
45.58 45.58 45.58
MMG Development Corp 121.41 121.41 121.41
0.00 0.00
- 121.41 121.41 121.41
MMG Development Corp 469.14 469.14 469.14
0.00 0.00
- 469.14 469.14 469.14
MMG Development Corp 8,760.00 8,760.00 8,760.00
MMG Development Corp 22.80 22.80 22.80
0.00 0.00
- 8,782.80 8,782.80 8,782.80
--------
9,418.93
========
MMG Development Corp 413.39 413.39 413.39 413.39
MMG Development Corp 918.75 918.75 918.75 918.75
1,332.14 1,332.14 1,332.14 1,332.14
MMG Development Corp 386.68 386.68 386.68 386.68
MMG Development Corp 431.55 431.55 431.55 431.55
MMG Development Corp 17,639.14 17,639.14 17,639.14 17,639.14
MMG Development Corp 143.18 143.18 143.18 143.18
MMG Development Corp 103.77 103.77 103.77 103.77
0.00 0.00
18,704.32 18,704.32 18,704.32 18,704.32
MMG Development Corp 630.43 630.43 630.43 630.43
MMG Development Corp 59.15 59.15 59.15 59.15
MMG Development Corp 475.86 475.86 475.86 475.86
MMG Development Corp 290.90 290.90 290.90 290.90
MMG Development Corp 1,210.81 1,210.81 1,210.81 1,210.81
MMG Development Corp 697.95 697.95 697.95 697.95
MMG Development Corp 7,639.65 7,639.65 7,639.65 7,639.65
MMG Development Corp 417.03 417.03 417.03 417.03
0.00 0.00 0.00
11,421.78 11,421.78 11,421.78 11,421.78
MMG Development Corp 17.82 17.82 17.82 17.82
MMG Development Corp 342.09 342.09 342.09 342.09
MMG Development Corp 429.96 429.96 429.96 429.96
MMG Development Corp 1,033.82 1,033.82 1,033.82 1,033.82
MMG Development Corp 119.80 119.80 119.80 119.80
MMG Development Corp 128.57 128.57 128.57 128.57
MMG Development Corp 1,267.53 1,267.53 1,267.53 1,267.53
MMG Development Corp 85.50 85.50 85.50 85.50
0.00 0.00 0.00
3,425.09 3,425.09 3,425.09 3,425.09
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Comm
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
MMG Development Corp 7/19/00 Bent Creek Gatlinburg Tours
MMG Development Corp 7/19/00 Knoxville Coca Cola Gatlinburg refreshments
MMG Development Corp 7/19/00 Town Village resort Gatlinburg Marketing Stays
MMG Development Corp 7/27/00 Bent Creek Golf Village Gatlinburg June bonus
MMG Development Corp 7/27/00 Carousel Industries Gatlinburg Fudge
MMG Development Corp 7/27/00 Gatlinburg Town Square Gatlinburg Encore
Sub-Total for Marketing, Selling, Advertising - -
Gatlinburg
MMG Development Corp 7/5/00 Various Bent Creek Commissions 4,248.50
MMG Development Corp 7/5/00 Various Gatlinburg Commissions 11,907.95
MMG Development Corp 7/5/00 Various Gatlinburg Commissions 3,451.00
MMG Development Corp 7/11/00 Various Gatlinburg Commissions 7,282.80
MMG Development Corp 7/11/00 Various Gatlinburg Commissions 230.00
MMG Development Corp 7/19/00 Various Gatlinburg Commissions 13,968.46
MMG Development Corp 7/25/00 Various Town square Commission 2,059.50
MMG Development Corp 7/25/00 Various Town square Commission 9,138.63
Sub-Total for Contract
Labor/Commissions 52,286.84
MMG Development Corp Charles Steadman Gatlinburg Expense Reimbursements
MMG Development Corp Cline Whitlock Gatlinburg Expense Reimbursements
MMG Development Corp Cynthia Snuffin Gatlinburg Expense Reimbursements
Sub-Total for Expense Reports -
MMG Development Corp 7/19/00 Armstrong Carpet Cleaner Gatlinburg Janitorial
Sub-Total for Repairs & -
Maintenance
MMG Development Corp Calhouns Gatlinburg
Sub-Total for Miscellaneous -
MMG Development Corp Various Gatlinburg July Payroll
Sub-Total for Payroll -
Total Outflows for Gatlinburg
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
MMG Development Corp 261.00 261.00 261.00 261.00
MMG Development Corp 86.20 86.20 86.20 86.20
MMG Development Corp 3,600.71 3,600.71 3,600.71 3,600.71
MMG Development Corp 2,645.84 2,645.84 2,645.84 2,645.84
MMG Development Corp 782.28 782.28 782.28 782.28
MMG Development Corp 102.53 102.53 102.53 102.53
0.00 0.00 0.00
7,478.56 7,478.56 7,478.56 7,478.56
MMG Development Corp 4,248.50 4,248.50 7/5/00 4,248.50
MMG Development Corp 11,907.95 11,907.95 7/5/00 11,907.95
MMG Development Corp 3,451.00 3,451.00 3,451.00
MMG Development Corp 7,282.80 7,282.80 7,282.80
MMG Development Corp 230.00 230.00 230.00
MMG Development Corp 13,968.46 13,968.46 13,968.46
MMG Development Corp 2,059.50 2,059.50 2,059.50
MMG Development Corp 9,138.63 9,138.63 9,138.63
0.00 0.00
- 52,286.84 52,286.84 52,286.84
MMG Development Corp 229.50 229.50 229.50 229.50
MMG Development Corp 612.00 612.00 612.00 612.00
MMG Development Corp 25.00 25.00 25.00 25.00
0.00 0.00
866.50 866.50 866.50 866.50
MMG Development Corp 2,400.00 2,400.00 2,400.00 2,400.00
0.00 0.00
2,400.00 2,400.00 2,400.00 2,400.00
MMG Development Corp 2,500.00 2,500.00 2,500.00 2,500.00
0.00 0.00
2,500.00 2,500.00 2,500.00 2,500.00
MMG Development Corp 60,497.00 60,497.00 60,497.00 60,497.00
MMG Development Corp 60,497.00 60,497.00 0.00 60,497.00 60,497.00
----------
160,912.23
==========
Total Outflows for MMG Development Corp 172,058.52
00-5-6954-JS
</TABLE>
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Port Royal
Legal entity Resort, L.P.
Bankruptcy filing number 00-5-6957-JS
------------
Revenues:
---------
Vacation interests sales $ -
Interest income -
Other income (loss) (64,433)
------------
Total revenues (64,433)
------------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales -
Advertising, sales and marketing (3,062)
Provision for doubtful accounts 1,769
Loan portfolio expenses -
General & administrative 21,263
Depreciation & amortization 4,976
------------
Total costs & operating expenses 24,946
------------
(Loss) income from operations (89,379)
Interest expense -
Realized loss on available-for-sale securities -
Bankruptcy expenses -
------------
Loss before provision for taxes (89,379)
Provision for income taxes -
------------
Net (loss) income $ (89,379)
============
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Port Royal
Legal entity Resort, L.P.
Bankruptcy filing number 00-5-6957-JS
------------
Assets:
-------
Cash and cash equivalents $ (30,665)
Cash in escrow and restricted cash 276,162
Mortgage receivables, net -
Retained interests -
Intercompany receivable (7,584)
Due from related parties 119,442
Other receivables, net 816,244
Prepaid expenses and other assets 123,028
Investment in joint ventures -
Real estate and development costs 420,506
Property and equipment, net 142,292
Intangible assets 6,543
-----------
Total assets $ 1,865,968
===========
Liabilities and equity:
-----------------------
Accounts payable subject to compromise $ 509,101
Notes payable subject to compromise -
Accounts payable not subject to compromise -
Accrued liabilities 7
Notes payable not subject to compromise -
Deferred taxes -
-----------
Total liabilities 509,108
-----------
Stockholders' equity 1,356,860
Total liabilities and equity $ 1,865,968
===========
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Port Royal
Legal entity Resort, L.P.
Bankruptcy filing number 00-5-6957-JS
------------
Inflows:
--------
Deposit/Collection
------------------
Encore $ (5,136)
Operating Refunds 938
------------
Subtotal-Deposit/Collection Inflows (4,198)
Other
-----
Asset Sales -
------------
Total Cash Inflows (4,198)
Outflows:
---------
Operating-Resorts 39
Payroll-Resorts(S&W) 9,100
------------
Total Cash Outflows $ 9,139
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable Description of
Entity Received Invoice Payable to From Invoice/Service Comm Other
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Port Royal Resort LP 7/26/00 Greg Babiarz Royal Dunes Expense Report 38.62
Sub-Total for Expense Reports 38.62
Various Royal Dunes July Payroll 9,100.00
Sub-Total for Payroll 9,100.00
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Petition 1st Day Order Subsequent wire Date Total
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Port Royal Resort LP 38.62 38.62
38.62 38.62
9,100.00 9,100.00
9,100.00 9,100.00
----------
Total Outflows for Port Royal Resort LP (aka Royal Dunes) 9,138.62
==========
00-5-6957-JS
</TABLE>
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Powhatan
Legal entity Associates
Bankruptcy filing number 00-5-6958-JS
------------
Revenues:
---------
Vacation interests sales $ 164,205
Interest income 15,334
Other income (loss) 10,612
------------
Total revenues 190,151
------------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales 46,929
Advertising, sales and marketing 167,132
Provision for doubtful accounts -
Loan portfolio expenses 6,488
General & administrative 24,178
Depreciation & amortization 9,361
------------
Total costs & operating expenses 254,088
------------
(Loss) income from operations (63,937)
Interest expense 9,059
Realized loss on available-for-sale securities -
Bankruptcy expenses -
------------
Loss before provision for taxes (72,996)
Provision for income taxes -
------------
Net (loss) income $ (72,996)
------------
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Powhatan
Legal entity Associates
Bankruptcy filing number 00-5-6958-JS
------------
Assets:
-------
Cash and cash equivalents $ 93
Cash in escrow and restricted cash 1,713,359
Mortgage receivables, net 5,964,778
Retained interests -
Intercompany receivable 10,193,757
Due from related parties 159,653
Other receivables, net (1,592,079)
Prepaid expenses and other assets 7,113
Investment in joint ventures (6,321,735)
Real estate and development costs 9,544,620
Property and equipment, net 62,231
Intangible assets 311,061
------------
Total assets $ 20,042,851
============
Liabilities and equity:
-----------------------
Accounts payable subject to compromise $ 849,973
Notes payable subject to compromise -
Accounts payable not subject to compromise 8,995
Accrued liabilities 12,397
Notes payable not subject to compromise 1,392,729
Deferred taxes -
------------
Total liabilities 2,264,094
------------
Stockholders' equity 17,778,757
Total liabilities and equity $ 20,042,851
============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Powhatan
Legal entity Associates
Bankruptcy filing number 00-5-6958-JS
------------
Inflows:
--------
Deposit/Collection
------------------
Encore $ 122,789
Rental Income (18,199)
Tour Sales (1,359)
Operating Refunds 679
Escrow Funds 16,848
------------
Subtotal-Deposit/Collection Inflows 120,758
Other
-----
Asset Sales -
------------
Total Cash Inflows 120,758
Outflows:
---------
Operating-Resorts 38,127
Payroll-Resorts(S&W) 116,000
Commissions-Post 76,038
------------
Total Cash Outflows $ 230,165
Includes Powhatan Associates (00-5-6958-JS) and
Greensprings Associates (00-5-6946-JS)
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Powhatan Associates and 7/6/00 Commonwealth of Va RMI Virginia Garnishment 1,341
Greensprings Associates
Powhatan Associates and 7/6/00 IRS RMI Virginia Garnishment 200
Greensprings Associates
Powhatan Associates and 7/6/00 City of Newport RMI Virginia Garnishment 95
Greensprings Associates
Total for Governmental Fees & Taxes - RMI Virginia - 1,636
Powhatan Associates and 7/6/00 Greensprings Office RMI Virginia July rent 13,292
Greensprings Associates
Powhatan Associates and 7/6/00 Tr Orourk RMI Virginia July rent 1,000
Greensprings Associates
Sub-Total for Property Rent - RMI Virginia - 14,292
Powhatan Associates and 7/6/00 Minolta Leasing RMI Virginia Copier lease 431
Greensprings Associates
Total Equipment Leases - RMI Virginia 431
Powhatan Associates and 7/13/00 Virginia Power RMI Virginia Electric 884
Greensprings Associates
Sub-Total for Utilities - RMI Virginia - 884
Powhatan Associates and 7/19/00 Sprint RMI VA phone 29
Greensprings Associates
Powhatan Associates and 7/6/00 GTE RMI Virginia phone 742
Greensprings Associates
Powhatan Associates and 7/6/00 Nextel RMI Virginia phone 6,089
Greensprings Associates
Powhatan Associates and 7/13/00 Net 2000 Communications RMI Virginia phone 2,040
Greensprings Associates
Sub Total for Telephone - RMI Virginia - 8,900
Powhatan Associates and 7/19/00 Federal Express RMI VA Shipping 56
Greensprings Associates
Powhatan Associates and 7/19/00 Staples RMI VA Office supplies 213
Greensprings Associates
Powhatan Associates and 7/6/00 Federal Express RMI Virginia Shipping 199
Greensprings Associates
Powhatan Associates and 7/6/00 Deborah Lee RMI Virginia Office supplies 69
Greensprings Associates
Powhatan Associates and 7/6/00 Powhatan RMI Virginia Office supplies 135
Greensprings Associates
Powhatan Associates and 7/13/00 Compupay RMI Virginia Payroll 126
Greensprings Associates
Powhatan Associates and 7/13/00 Danka RMI Virginia 398
Greensprings Associates
Powhatan Associates and 7/13/00 Federal Express RMI Virginia Shipping 77
Greensprings Associates
Powhatan Associates and 7/13/00 Pitney Bowes RMI Virginia 28
Greensprings Associates
Powhatan Associates and 7/13/00 Pat Linkous RMI Virginia Office supplies 91
Greensprings Associates
0
Sub-Total for Office Supplies - RMI Virginia - 1,390
Powhatan Associates and 7/19/00 Various RMI VA Commissions 16,993.46
Greensprings Associates
Powhatan Associates and Various RMI Virginia Commissions 28,385.69
Greensprings Associates
Powhatan Associates and 7/13/00 Various RMI Virginia Commissions 15,124.77
Greensprings Associates
Powhatan Associates and 7/26/00 Various RMI Virginia Commissions 15,532.98
Greensprings Associates
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Petition 1st Day Order Subsequent wire Date Total
---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Powhatan Associates and 1,341 ck 7/6/00 1,341
Greensprings Associates
Powhatan Associates and 200 ck 7/6/00 200
Greensprings Associates
Powhatan Associates and 95 ck 7/6/00 95
Greensprings Associates
- - 1,636 1,636
Powhatan Associates and 13,292 ck 7/6/00 13,292
Greensprings Associates
Powhatan Associates and 1,000 ck 7/6/00 1,000
Greensprings Associates
0
14,292 14,292 14,292 14,292
Powhatan Associates and 431 ck 7/6/00 431
Greensprings Associates
431 431
Powhatan Associates and 884 884
Greensprings Associates
0
- - 884 884
Powhatan Associates and 29 29
Greensprings Associates
Powhatan Associates and 742 ck 7/6/00 742
Greensprings Associates
Powhatan Associates and 6,089 ck 7/6/00 6,089
Greensprings Associates
Powhatan Associates and 2,040 2,040
Greensprings Associates
0 0
- - 8,900 8,900
Powhatan Associates and 56 56
Greensprings Associates
Powhatan Associates and 213 213
Greensprings Associates
Powhatan Associates and 199 ck 7/6/00 199
Greensprings Associates
Powhatan Associates and 69 ck 7/6/00 69
Greensprings Associates
Powhatan Associates and 135 ck 7/6/00 135
Greensprings Associates
Powhatan Associates and 126 126
Greensprings Associates
Powhatan Associates and 398 398
Greensprings Associates
Powhatan Associates and 77 77
Greensprings Associates
Powhatan Associates and 28 28
Greensprings Associates
Powhatan Associates and 91 91
Greensprings Associates
0 0
- - 1,390 1,390
Powhatan Associates and 16,993 16,993
Greensprings Associates
Powhatan Associates and 28,386 28,386
Greensprings Associates
Powhatan Associates and 15,125 15,125
Greensprings Associates
Powhatan Associates and 15,533 15,533
Greensprings Associates
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Sub-Total for Contract Labor/Commissions 76,036.90 0
Powhatan Associates and 7/19/00 Debbie Lee RMI VA Expense Reimbursements 20
Greensprings Associates
Powhatan Associates and 7/19/00 Lorene Smith RMI VA Expense Reimbursements 2,258
Greensprings Associates
Powhatan Associates and 7/6/00 William Gooding RMI Virginia Expense report 2,025
Greensprings Associates
Powhatan Associates and 7/13/00 William Gooding RMI Virginia Expense Reports 187
Greensprings Associates
Sub-Total for Expense Reports - 4,490
Powhatan Associates and 7/19/00 BFI RMI Va Waste 322
Greensprings Associates
Powhatan Associates and 7/6/00 Diamond Spring RMI Virginia water 22
Greensprings Associates
Powhatan Associates and 7/13/00 Ace Hardware RMI Virginia supplies 46
Greensprings Associates
Sub-Total for Repairs & Maintenance - 390
Powhatan Associates and 7/6/00 Better Business Bureau RMI Virginia Dues 6/1/000-05/31/00 1,105
Greensprings Associates
Powhatan Associates and 7/6/00 BW Wilson RMI Virginia 594
Greensprings Associates
Powhatan Associates and 7/6/00 Powhatan RMI Virginia 2,898
Greensprings Associates
Powhatan Associates and 7/13/00 Catherine Sweeney RMI Virginia Misc 23
Greensprings Associates
Powhatan Associates and 7/13/00 Judie Tiffany RMI Virginia Refund 25
Greensprings Associates
Powhatan Associates and 7/13/00 Rita Waddill RMI Virginia Refund 25
Greensprings Associates
Powhatan Associates and 7/13/00 Powhatan 1,001
Greensprings Associates
Powhatan Associates and Powhatan Misc 45
Greensprings Associates
Sub-Total for Miscellaneous - 5,715
Powhatan Associates and Various RMI Virginia July Payroll 116,000
Greensprings Associates
Sub-Total for Payroll - 116,000
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Petition 1st Day Order Subsequent wire Date Total
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
0
- - 76,037 76,037
Powhatan Associates and 20 20
Greensprings Associates
Powhatan Associates and 2,258 2,258
Greensprings Associates
Powhatan Associates and 2,025 ck 7/6/00 2,025
Greensprings Associates
Powhatan Associates and 187 187
Greensprings Associates
0
- - 4,490 4,490
322 322
Powhatan Associates and
Greensprings Associates
Powhatan Associates and 22 ck 7/6/00 22
Greensprings Associates
Powhatan Associates and 46 46
Greensprings Associates
0
- - 390 390
Powhatan Associates and 1,105 ck 7/6/00 1,105
Greensprings Associates
Powhatan Associates and 594 ck 7/6/00 594
Greensprings Associates
Powhatan Associates and 2,898 ck 7/6/00 2,898
Greensprings Associates
Powhatan Associates and 23 23
Greensprings Associates
Powhatan Associates and 25 25
Greensprings Associates
Powhatan Associates and 25 25
Greensprings Associates
Powhatan Associates and 1,001 1,001
Greensprings Associates
Powhatan Associates and 45 45
Greensprings Associates
0
- - 5,715 5,715
Powhatan Associates and 116,000 116,000
Greensprings Associates
- - 116,000 116,000
---------
Total Outflows for Powhatan Associates Greensprings Associates (both aka RMI Virginia) 230,165
=========
00-5-6958-JS 00-5-6946-JS
</TABLE>
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Resort
Marketing
Legal entity Internat'l, Inc.
Bankruptcy filing number 00-5-6961-JS
------------
Revenues:
---------
Vacation interests sales $ -
Interest income -
Other income (loss) -
------------
Total revenues -
------------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales -
Advertising, sales and marketing 95,228
Provision for doubtful accounts -
Loan portfolio expenses -
General & administrative 6,958
Depreciation & amortization 39,592
------------
Total costs & operating expenses 141,778
------------
(Loss) income from operations (141,778)
Interest expense -
Realized loss on available-for-sale securities -
Bankruptcy expenses -
------------
Loss before provision for taxes (141,778)
Provision for income taxes -
------------
Net (loss) income $ (141,778)
============
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Resort
Marketing
Legal entity Internat'l, Inc.
Bankruptcy filing number 00-5-6961-JS
Assets: ------------
-------
Cash and cash equivalents $ 666,862
Cash in escrow and restricted cash 540,584
Mortgage receivables, net -
Retained interests -
Intercompany receivable (3,028,625)
Due from related parties (1,709,244)
Other receivables, net 989,661
Prepaid expenses and other assets 1,631,382
Investment in joint ventures -
Real estate and development costs -
Property and equipment, net 1,107,876
Intangible assets 1,403,755
------------
Total assets $ 1,602,251
============
Liabilities and equity:
-----------------------
Accounts payable subject to compromise $ 4,042,249
Notes payable subject to compromise -
Accounts payable not subject to compromise 416,570
Accrued liabilities 551,302
Notes payable not subject to compromise -
Deferred taxes -
------------
Total liabilities 5,010,121
------------
Stockholders' equity (3,407,870)
Total liabilities and equity $ 1,602,251
============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Resort
Marketing
Legal entity Internat'l, Inc.
Bankruptcy filing number 00-5-6961-JS
------------
Inflows:
--------
Deposit/Collection
------------------
Encore $ 45,459
Rental Income -
RCI Membership Reimbursement -
Other-Design International -
Ticket Sales 2,353,662
Operating Refunds 100
------------
Subtotal-Deposit/Collection Inflows 2,399,221
Other
-----
Asset Sales -
------------
Total Cash Inflows 2,399,221
Outflows:
---------
Operating-Premier (Orlando) 1,332,077
Operating-Carlsbad 49,971
Operating-Myrtle Beach 32,282
Operating-Resorts 2,616
Payroll-Premier (Orlando) 204,000
Payroll-Carlsbad 46,100
Payroll-Myrtle Beach 14,827
Payroll-Resorts(S&W) 67,000
------------
Total Cash Outflows $ 1,748,873
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Resort Marketing
International, Inc. 7/12/00 State of Florida RMI Orlando Yulee retail sales license
Resort Marketing
International, Inc. 7/19/00 Orange County Board RMI Orlando June Tourist Development Tax
Resort Marketing
International, Inc. Division of Florida RMI Orlando
Total for Governmental Fees & Taxes -
Resort Marketing
International, Inc. 7/25/00 Buena Vista Suites RMI Orlando Rent
Resort Marketing
International, Inc. 7/25/00 Caribe Royale RMI Orlando Rent
Resort Marketing
International, Inc. 7/25/00 Duke Real estate RMI Orlando Rent
Resort Marketing
International, Inc. 7/25/00 Holiday Inn RMI Orlando Rent
Resort Marketing
International, Inc. 7/25/00 Mears RMI Orlando Rent
Resort Marketing
International, Inc. 7/25/00 MVO Management RMI Orlando Rent
Resort Marketing
International, Inc. 7/25/00 Rofe Properties RMI Orlando Rent
Resort Marketing
International, Inc. 7/25/00 SW Orlando Investment RMI Orlando Rent
Resort Marketing
International, Inc. 7/25/00 William Scotsman RMI Orlando Rent
Resort Marketing
International, Inc. 7/25/00 Stuckey Enterprises RMI Orlando Rent
Resort Marketing
International, Inc. 7/5/00 MVO Management RMI Orlando Addtl Rent guest service desk
Resort Marketing
International, Inc. 7/12/00 Stuckey Enterprises RMI Orlando July rent - Yulee
Sub-Total for Property Rent
Resort Marketing
International, Inc. 7/12/00 Fidelity Leasing RMI Orlando Security system
Resort Marketing
International, Inc. 7/5/00 Bestfax RMI Orlando Copier lease
Resort Marketing
International, Inc. 7/5/00 IOS Capital RMI Orlando Copier lease
Resort Marketing
International, Inc. 7/5/00 Williams Scotman RMI Orlando Trailer rental
Total Equipment Leases
Resort Marketing
International, Inc. 7/11/00 Orlando Utilities RMI Orlando Utility Mercado
Resort Marketing
International, Inc. 7/25/00 Florida Power RMI Orlando Utilities
Sub-Total for Utilities -
Resort Marketing
International, Inc. 7/12/00 Royal Price RMI Orlando copy paper
Resort Marketing
International, Inc. 7/25/00 Action RMI Orlando Courier
Resort Marketing
International, Inc. 7/25/00 Advanced Business products RMI Orlando Software Fee
<CAPTION>
Legal Pre- Post - Petition check Check/wire Total
Entity Other Petition 1st Day Order Subsequent wire Date
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Resort Marketing
International, Inc. 7.50 7.50 7.50
Resort Marketing
International, Inc. 1,423.16 1,423.16 1,423.16
Resort Marketing
International, Inc. 100.00 100.00 100.00
1,530.66 - - 1,530.66 1,530.66
Resort Marketing
International, Inc. 2,500.00 2,500.00 2,500.00
Resort Marketing
International, Inc. 7,420.00 7,420.00 7,420.00
Resort Marketing
International, Inc. 5,008.50 5,008.50 5,008.50
Resort Marketing
International, Inc. 18,951.00 18,951.00 18,951.00
Resort Marketing
International, Inc. 36,000.00 36,000.00 36,000.00
Resort Marketing
International, Inc. 13,476.45 13,476.45 13,476.45
Resort Marketing
International, Inc. 4,346.32 4,346.32 4,346.32
Resort Marketing
International, Inc. 2,140.00 2,140.00 2,140.00
Resort Marketing
International, Inc. 2,893.90 2,893.90 2,893.90
Resort Marketing
International, Inc. 6,420.00 6,420.00 6,420.00
Resort Marketing
International, Inc. 2,209.97 2,209.97 ck 7/5/00 2,209.97
Resort Marketing
International, Inc. 6,420.00 6,420.00 6,420.00
107,786.14 107,786.14 107,786.14
Resort Marketing
International, Inc. 3,653.46 3,653.46 3,653.46
Resort Marketing
International, Inc. 261.82 261.82 ck 7/5/00 261.82
Resort Marketing
International, Inc. 331.89 331.89 ck 7/5/00 331.89
Resort Marketing
International, Inc. 1,435.57 1,435.57 ck 7/5/00 1,435.57
5,682.74 5,682.74 5,682.74
Resort Marketing
International, Inc. 19.63 19.63 19.63
Resort Marketing
International, Inc. 462.85 462.85 462.85
0.00
482.48 - - 482.48 482.48
Resort Marketing
International, Inc. 315.24 315.24 315.24
Resort Marketing
International, Inc. 1,814.62 1,814.62 1,814.62
Resort Marketing
International, Inc. 3,573.98 3,573.98 3,573.98
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Resort Marketing
International, Inc. 7/25/00 Compupay RMI Orlando Payroll
Resort Marketing
International, Inc. 7/25/00 Cable & Wireless RMI Orlando Fax
Resort Marketing
International, Inc. 7/25/00 Culligan RMI Orlando Water
Resort Marketing
International, Inc. 7/25/00 Postmaster RMI Orlando Postage
Resort Marketing
International, Inc. 7/5/00 Ikon Office RMI Orlando Copies
Resort Marketing
International, Inc. 7/5/00 Postmaster RMI Orlando Express Mail
Sub-Total for Office Supplies -
Resort Marketing
International, Inc. 7/12/00 All Cellular Paging RMI Orlando paging
Resort Marketing
International, Inc. 7/25/00 Bell South RMI Orlando Phone
Resort Marketing
International, Inc. 7/25/00 Sprint RMI Orlando Phone
Resort Marketing
International, Inc. 7/5/00 Nextel RMI Orlando phones
Resort Marketing
International, Inc. Sprint RMI Orlando
Resort Marketing
International, Inc. Sprint RMI Orlando
Sub Total for Telephone -
Resort Marketing
International, Inc. 7/12/00 Beech Outdoor Advertising RMI Orlando US192 @ Vista Del Lago
Resort Marketing
International, Inc. 7/12/00 Crab House RMI Orlando Certificates
Resort Marketing
International, Inc. 7/12/00 Medieval Times RMI Orlando Certificates
Resort Marketing
International, Inc. 7/12/00 Doug Newell RMI Orlando Newspapers
Resort Marketing
International, Inc. 7/12/00 Science Center RMI Orlando Vouchers
Resort Marketing
International, Inc. 7/12/00 Overnite Convention Photo RMI Orlando Photos
Resort Marketing
International, Inc. 7/12/00 Sea World RMI Orlando Vouchers
Resort Marketing
International, Inc. 7/12/00 Disney World RMI Orlando Tickets
Resort Marketing
International, Inc. 7/25/00 Arabian Nights RMI Orlando Tickets
Resort Marketing
International, Inc. 7/25/00 Country Store RMI Orlando Sign Pole Rent
Resort Marketing
International, Inc. 7/25/00 Delaware North RMI Orlando Vouchers
Resort Marketing
International, Inc. 7/25/00 Guest Distributing RMI Orlando Supplies
Resort Marketing
International, Inc. 7/25/00 FPIS RMI Orlando Printing
Resort Marketing
International, Inc. 7/25/00 Orlando Entertains RMI Orlando Vouchers
Resort Marketing
<CAPTION>
Legal Pre- Post - Petition check Check/wire Total
Entity Other Petition 1st Day Order Subsequent wire Date
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Resort Marketing
International, Inc. 854.26 854.26 854.26
Resort Marketing
International, Inc. 1.11 1.11 1.11
Resort Marketing
International, Inc. 80.82 80.82 80.82
Resort Marketing
International, Inc. 161.70 161.70 161.70
Resort Marketing
International, Inc. 155.63 155.63 ck 7/5/00 155.63
Resort Marketing
International, Inc. 129.25 129.25 ck 7/5/00 129.25
7,086.61 - - 7,086.61 7,086.61
Resort Marketing
International, Inc. 64.32 64.32 64.32
Resort Marketing
International, Inc. 1,747.07 1,747.07 1,747.07
Resort Marketing
International, Inc. 412.56 412.56 412.56
Resort Marketing
International, Inc. 5,720.92 5,720.92 ck 7/5/00 5,720.92
Resort Marketing
International, Inc. 1,121.50 1,121.50 1,121.50
Resort Marketing
International, Inc. 309.89 309.89 309.89
0.00 0.00
9,376.26 - - 9,376.26 9,376.26
Resort Marketing
International, Inc. 700.00 700.00 700.00
Resort Marketing
International, Inc. 2,047.43 2,047.43 2,047.43
Resort Marketing
International, Inc. 12,037.50 12,037.50 12,037.50
Resort Marketing
International, Inc. 84.55 84.55 84.55
Resort Marketing
International, Inc. 19.20 19.20 19.20
Resort Marketing
International, Inc. 156.24 156.24 156.24
Resort Marketing
International, Inc. 78.02 78.02 78.02
Resort Marketing
International, Inc. 96,747.95 96,747.95 96,747.95
Resort Marketing
International, Inc. 10,530.00 10,530.00 10,530.00
Resort Marketing
International, Inc. 200.00 200.00 200.00
Resort Marketing
International, Inc. 64.50 64.50 64.50
Resort Marketing
International, Inc. 201.56 201.56 201.56
Resort Marketing
International, Inc. 508.80 508.80 508.80
Resort Marketing
International, Inc. 67.00 67.00 67.00
Resort Marketing
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice/Service Commission Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Resort Marketing
International, Inc. 7/25/00 Orlando Science Center RMI Orlando Vouchers 48.00
Resort Marketing
International, Inc. 7/25/00 Overnight Convention RMI Orlando Photos 405.93
Resort Marketing
International, Inc. 7/25/00 Pirates Dinner RMI Orlando Vouchers 459.85
Resort Marketing
International, Inc. 7/25/00 Sleuths Mystery RMI Orlando Vouchers 826.80
Resort Marketing
International, Inc. 7/25/00 Titanic RMI Orlando Vouchers 930.95
Resort Marketing
International, Inc. 7/25/00 Universal Maps RMI Orlando Maps 125.56
Resort Marketing
International, Inc. 7/25/00 Wonderworks RMI Orlando Vouchers 151.32
Resort Marketing
International, Inc. 7/25/00 Speedimpex RMI Orlando Magazine 140.40
Resort Marketing
International, Inc. 7/5/00 Eller Media RMI Orlando Advertising 910.00
Resort Marketing
International, Inc. 7/5/00 Orlando Entertains RMI Orlando Vouchers 1,398.50
Resort Marketing
International, Inc. 7/5/00 Busch Gardens RMI Orlando Tickets 4,529.60
Resort Marketing
International, Inc. 7/5/00 Pirates Dinner Adventure RMI Orlando Vouchers 1,193.59
Resort Marketing
International, Inc. 7/5/00 Seaworld RMI Orlando Vouchers 19,970.00
Resort Marketing
International, Inc. 7/5/00 Universal RMI Orlando Vouchers 226,945.61
Resort Marketing
International, Inc. 7/5/00 Disney RMI Orlando Vouchers 333,378.64
Resort Marketing
International, Inc. 7/5/00 Wet & Wild RMI Orlando Vouchers 7,031.45
Resort Marketing
International, Inc. Gatorland Inc. RMI Orlando Tickets 26.30
Resort Marketing
International, Inc. Pirates Dinner RMI Orlando Tickets 1,013.89
Resort Marketing
International, Inc. Ripleys Believe It Or Not RMI Orlando Tickets 92.72
Resort Marketing
International, Inc. Sea World RMI Orlando Tickets 39,015.00
Resort Marketing
International, Inc. Sleuths Mystery RMI Orlando Tickets 798.18
Resort Marketing
International, Inc. Universal Studios RMI Orlando Tickets 93,877.00
Resort Marketing
International, Inc. Walt Disney World RMI Orlando Tickets 183,012.58
Resort Marketing
International, Inc. Church Street Inc. RMI Orlando Tickets 477.00
Resort Marketing
International, Inc. Gatorland Inc. RMI Orlando Tickets 933.00
Resort Marketing
International, Inc. Sea World RMI Orlando Tickets 18,742.00
Resort Marketing
International, Inc. Universal Studios RMI Orlando Tickets 52,565.00
Resort Marketing
International, Inc. Walt Disney World RMI Orlando Tickets 74,563.75
Resort Marketing
International, Inc. Wet & Wild RMI Orlando Tickets 2,455.00
0.00
<CAPTION>
Legal Pre- Post-Petition check check/wire
Entity Petition 1/st/ Day Order Subsequent wire Date Total
-----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Resort Marketing
International, Inc. 48.00 48.00
Resort Marketing
International, Inc. 405.93 405.93
Resort Marketing
International, Inc. 459.85 459.85
Resort Marketing
International, Inc. 826.80 826.80
Resort Marketing
International, Inc. 930.95 930.95
Resort Marketing
International, Inc. 125.56 125.56
Resort Marketing
International, Inc. 151.32 151.32
Resort Marketing
International, Inc. 140.40 140.40
Resort Marketing
International, Inc. 910.00 ck 7/5/00 910.00
Resort Marketing
International, Inc. 1,398.50 ck 7/5/00 1,398.50
Resort Marketing
International, Inc. 4,529.60 ck 7/5/00 4,529.60
Resort Marketing
International, Inc. 1,193.59 ck 7/5/00 1,193.59
Resort Marketing
International, Inc. 19,970.00 ck 7/5/00 19,970.00
Resort Marketing
International, Inc. 226,945.61 ck 7/5/00 226,945.61
Resort Marketing
International, Inc. 333,378.64 ck 7/5/00 333,378.64
Resort Marketing
International, Inc. 7,031.45 ck 7/5/00 7,031.45
Resort Marketing
International, Inc. 26.30 26.30
Resort Marketing
International, Inc. 1,013.89 1,013.89
Resort Marketing
International, Inc. 92.72 92.72
Resort Marketing
International, Inc. 39,015.00 39,015.00
Resort Marketing
International, Inc. 798.18 798.18
Resort Marketing
International, Inc. 93,877.00 93,877.00
Resort Marketing
International, Inc. 183,012.58 183,012.58
Resort Marketing
International, Inc. 477.00 7/31/00 477.00
Resort Marketing
International, Inc. 933.00 7/31/00 933.00
Resort Marketing
International, Inc. 18,742.00 7/31/00 18,742.00
Resort Marketing
International, Inc. 52,565.00 7/31/00 52,565.00
Resort Marketing
International, Inc. 74,563.75 7/31/00 74,563.75
Resort Marketing
International, Inc. 2,455.00 7/31/00 2,455.00
0.00 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Sub-Total for Marketing, Selling, Advertising -
Resort Marketing
International, Inc. 7/12/00 Ken Majors RMI Orlando Expense Reports
Resort Marketing
International, Inc. 7/12/00 John Turner RMI Orlando Expense Reports
Resort Marketing
International, Inc. 7/25/00 Lorraine Comito RMI Orlando Expense Report
Resort Marketing
International, Inc. 7/25/00 Various RMI Orlando Expense Report
Resort Marketing
International, Inc. 7/5/00 Lorraine Comito RMI Orlando Expense report
Resort Marketing
International, Inc. 7/5/00 Jim Gnerlich RMI Orlando Expense report
Resort Marketing
International, Inc. 7/5/00 Gorgia Hunt RMI Orlando Expense report
Resort Marketing
International, Inc. 7/5/00 Eusebio Laracuente RMI Orlando Expense report
Resort Marketing
International, Inc. 7/5/00 Stefano Mitacchione RMI Orlando Expense report
Resort Marketing
International, Inc. Robert C Copper RMI Orlando Expense Reimbursements
Resort Marketing
International, Inc. Daynese Ford RMI Orlando Expense Reimbursements
Resort Marketing
International, Inc. Georgia Hunt RMI Orlando Expense Reimbursements
Resort Marketing
International, Inc. Lisa Secor RMI Orlando Expense Reimbursements
Resort Marketing
International, Inc. Letisha Sneed RMI Orlando Expense Reimbursements
Sub-Total for Expense Reports -
Resort Marketing
International, Inc. 7/12/00 Greenscape Mowing RMI Orlando Mowing
Resort Marketing
International, Inc. 7/25/00 Armstrong Lock RMI Orlando Safe repair
Resort Marketing
International, Inc. 7/25/00 Del Air RMI Orlando Repair
Resort Marketing
International, Inc. 7/25/00 S Mitaccione RMI Orlando Odd jobs
Resort Marketing
International, Inc. 7/25/00 Terminix RMI Orlando Service
Sub-Total for Repairs & Maintenance -
Resort Marketing
International, Inc. 7/5/00 Action Air RMI Orlando Clean filters
Resort Marketing
International, Inc. 7/5/00 Massey Services RMI Orlando Pest Control
Resort Marketing
International, Inc. 7/5/00 Waste Magmt RMI Orlando Trash
Sub-Total for Repairs & Maintenance -
Resort Marketing
International, Inc. 7/5/00 Action RMI Orlando Courier
Resort Marketing
International, Inc. 7/5/00 Doug Newell RMI Orlando IVB Newspaper
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Other Petition 1/st/ Day Order Subsequent wire Date Total
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1,189,460.37 - - 1,189,460.37 1,189,460.37
Resort Marketing
International, Inc. 457.09 457.09 457.09
Resort Marketing
International, Inc. 339.60 339.60 339.60
Resort Marketing
International, Inc. 205.48 205.48 205.48
Resort Marketing
International, Inc. 468.96 468.96 468.96
Resort Marketing
International, Inc. 546.55 546.55 ck 7/5/00 546.55
Resort Marketing
International, Inc. 96.00 96.00 ck 7/5/00 96.00
Resort Marketing
International, Inc. 721.09 721.09 ck 7/5/00 721.09
Resort Marketing
International, Inc. 282.00 282.00 ck 7/5/00 282.00
Resort Marketing
International, Inc. 187.93 187.93 ck 7/5/00 187.93
Resort Marketing
International, Inc. 207.00 207.00 ck 207.00
Resort Marketing
International, Inc. 68.00 68.00 ck 68.00
Resort Marketing
International, Inc. 222.60 222.60 ck 222.60
Resort Marketing
International, Inc. 660.80 660.80 ck 660.80
Resort Marketing
International, Inc. 34.00 34.00 ck 34.00
0.00
4,497.10 - 96.00 4,401.10 4,497.10
Resort Marketing
International, Inc. 50.00 50.00 50.00
Resort Marketing
International, Inc. 255.00 255.00 255.00
Resort Marketing
International, Inc. 79.00 79.00 79.00
Resort Marketing
International, Inc. 344.24 344.24 344.24
Resort Marketing
International, Inc. 63.60 63.60 63.60
0.00
791.84 - - 791.84 791.84
Resort Marketing
International, Inc. 45.00 45.00 ck 7/5/00 45.00
Resort Marketing
International, Inc. 42.80 42.80 ck 7/5/00 42.80
Resort Marketing
International, Inc. 58.85 58.85 ck 7/5/00 58.85
0.00
146.65 - - 146.65 146.65
Resort Marketing
International, Inc. 1,051.93 1,051.93 ck 7/5/00 1,051.93
Resort Marketing
International, Inc. 33.56 33.56 ck 7/5/00 33.56
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice/Service Commission
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Resort Marketing
International, Inc. 7/5/00 Overnight Convention Photo RMI Orlando Photo EVR & Cyp
Resort Marketing
International, Inc. 7/5/00 Speedimpex RMI Orlando Newspaper
Resort Marketing
International, Inc. Action RMI Orlando
Resort Marketing
International, Inc. IOS Capital RMI Orlando
Resort Marketing
International, Inc. Massey Services Inc RMI Orlando
Resort Marketing
International, Inc. Speedimpex RMI Orlando
Resort Marketing
International, Inc. Wonderworks RMI Orlando
Resort Marketing
International, Inc. 7/11/00 Fox Fiber Optice RMI Orlando
Sub-Total for Miscellaneous -
Resort Marketing
International, Inc. Various RMI Orlando July Payroll
Sub-Total for Payroll -
Total Outflows for RMI Orlando
Resort Marketing
International, Inc. 7/26/00 Newport National RMI Carlsbad rent
Resort Marketing
International, Inc. 7/7/00 Newport National RMI Carlsbad rent
Sub-Total for Property Rent -
Resort Marketing
International, Inc. 7/13/00 Larry Miller RMI Carlsbad Expense Report
Resort Marketing
International, Inc. 7/13/00 Thomas Skraby RMI Carlsbad Expense Report
Resort Marketing
International, Inc. 7/19/00 Colleen Flanders RMI Carlsbad Expense reimbursement
Resort Marketing
International, Inc. 7/25/00 Various RMI Carlsbad Expense Report
Sub-Total for Expense Reports -
Resort Marketing
International, Inc. Various RMI Carlsbad July Payroll
Sub-Total for Payroll -
Total Outflows for RMI Carlsbad
Resort Marketing
International, Inc. 7/6/00 Horry telephone RMI Myrtle Beach phone
Resort Marketing
International, Inc. 7/13/00 GTE South RMI Myrtle Beach phone
Resort Marketing
International, Inc. 7/13/00 Horry Telephone Co RMI Myrtle Beach phone
Sub Total for Telephone - RMI
Myrtle Beach
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
-----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Resort Marketing
International, Inc. 478.80 478.80 ck 7/5/00 478.80
Resort Marketing
International, Inc. 132.80 132.80 ck 7/5/00 132.80
Resort Marketing
International, Inc. 1,868.61 1,868.61 1,868.61
Resort Marketing
International, Inc. 1,089.18 1,089.18 1,089.18
Resort Marketing
International, Inc. 31.80 31.80 31.80
Resort Marketing
International, Inc. 230.00 230.00 230.00
Resort Marketing
International, Inc. 81.52 81.52 81.52
Resort Marketing
International, Inc. 238.04 238.04 238.04
0.00
5,236.24 - - 5,236.24 5,236.24
Resort Marketing
International, Inc. 204,000.00 204,000.00 204,000.00
0.00
204,000.00 - - 204,000.00 204,000.00
------------
1,536,077.09
============
Resort Marketing
International, Inc. 23,355.99 23,355.99 23,355.99
Resort Marketing
International, Inc. 23,355.99 23,355.99 23,355.99
0.00
46,711.98 46,711.98 46,711.98
Resort Marketing
International, Inc. 297.97 297.97 297.97
Resort Marketing
International, Inc. 1,446.24 1,446.24 1,446.24
Resort Marketing
International, Inc. 112.87 112.87 112.87
Resort Marketing
International, Inc. 1,402.53 1,402.53 1,402.53
0.00
3,259.61 - - 3,259.61 3,259.61
Resort Marketing
International, Inc. 46,100.00 46,100.00 46,100.00
0.00
46,100.00 - - 46,100.00 46,100.00
------------
96,071.59
============
443.68 443.68 443.68
Resort Marketing
International, Inc. 179.84 179.84 179.84
Resort Marketing
International, Inc. 478.29 478.29 478.29
Resort Marketing 0.00 0.00
International, Inc. 1,101.81 - - 1,101.81 1,101.81
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice/Service
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Resort Marketing
International, Inc. 7/6/00 American Speedy Printing RMI Myrtle Beach printing
Resort Marketing
International, Inc. 7/6/00 Digital Resources RMI Myrtle Beach Monthly copier maintenance
Resort Marketing
International, Inc. 7/6/00 Federal Express RMI Myrtle Beach Shipping
Resort Marketing
International, Inc. 7/13/00 Federal Express RMI Myrtle Beach Shipping
Resort Marketing
International, Inc. 7/13/00 Herald Office Systems RMI Myrtle Beach Office Supply
Resort Marketing
International, Inc. 7/13/00 Time Warner RMI Myrtle Beach Cable
Sub-Total for Office Supplies - RMI Myrtle Beach
Resort Marketing
International, Inc. 7/6/00 WW Travel center RMI Myrtle Beach
Resort Marketing
International, Inc. 7/13/00 Comfort Inn RMI Myrtle Beach Room Stays
Resort Marketing
International, Inc. 7/13/00 Days Inn RMI Myrtle Beach Room Stays
Resort Marketing
International, Inc. 7/13/00 Dixie Stampede RMI Myrtle Beach Tickets
Resort Marketing
International, Inc. 7/13/00 Holiday Inn RMI Myrtle Beach Room Stays
Resort Marketing
International, Inc. 7/13/00 Legends in Concert RMI Myrtle Beach Tickets
Resort Marketing
International, Inc. 7/13/00 Medieval times RMI Myrtle Beach Tickets
Resort Marketing
International, Inc. 7/13/00 Old World Restaurant RMI Myrtle Beach Tickets
Resort Marketing
International, Inc. 7/13/00 Hampton Inn RMI Myrtle Beach Room Stays
Resort Marketing
International, Inc. 7/13/00 WW Travel center RMI Myrtle Beach Tours
Sub-Total for Marketing, Selling, Advertising - RMI Myrtle Beach
Resort Marketing
International, Inc. 7/6/00 Various RMI Myrtle Beach Commissions
Sub-Total for Contract Labor/Commissions
Resort Marketing
International, Inc. 7/13/00 Wayne Jackson RMI Myrtle Beach Expense Reports
Sub-Total for Expense Reports
Resort Marketing
International, Inc. 7/13/00 Dandelion LTD RMI Myrtle Beach Maintenance
Sub-Total for Repairs & Maintenance
Resort Marketing
International, Inc. 7/13/00 Gerald Osborne RMI Myrtle Beach Close out pay
Resort Marketing
International, Inc. 7/13/00 Palmetto Marketing RMI Myrtle Beach June 2000 charge for escrow
Sub-Total for Miscellaneous
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Commission Other Petition 1st Day Order Subsequent wire Date Total
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Resort Marketing
International, Inc. 5.20 5.20 5.20
Resort Marketing
International, Inc. 78.75 78.75 78.75
Resort Marketing
International, Inc. 250.07 250.07 250.07
Resort Marketing
International, Inc. 53.68 53.68 53.68
Resort Marketing
International, Inc. 109.69 109.69 109.69
Resort Marketing
International, Inc. 5.00 5.00 5.00
0.00 0.00 0.00
- 502.39 - - 502.39 502.39
80.00 80.00 80.00
Resort Marketing
International, Inc. 1,822.61 1,822.61 1,822.61
Resort Marketing
International, Inc. 390.25 390.25 390.25
Resort Marketing
International, Inc. 623.20 623.20 623.20
Resort Marketing
International, Inc. 2,420.00 2,420.00 2,420.00
Resort Marketing
International, Inc. 1,337.00 1,337.00 1,337.00
Resort Marketing
International, Inc. 1,821.24 1,821.24 1,821.24
Resort Marketing
International, Inc. 525.00 525.00 525.00
Resort Marketing
International, Inc. 4,953.30 4,953.30 4,953.30
Resort Marketing
International, Inc. 80.00 80.00 80.00
0.00 0.00 0.00
- 14,052.60 - - 14,052.60 14,052.60
Resort Marketing
International, Inc. 14,727.60 14,727.60 14,727.60
0.00
14,727.60 14,727.60 14,727.60
0.00 - - 0.00
Resort Marketing
International, Inc. 166.95 166.95 166.95
0.00
- 166.95 - - 166.95 166.95
Resort Marketing
International, Inc. 89.50 89.50 89.50
0.00
- 89.50 - - 89.50 89.50
Resort Marketing
International, Inc. 500.00 500.00 500.00
Resort Marketing
International, Inc. 1,140.78 1,140.78 1,140.78
0.00
- 1,640.78 - - 1,640.78 1,640.78
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Resort Marketing
International, Inc. Various RMI Myrtle Beach July Payroll
Sub-Total for Payroll -
Total Outflows for RMI Myrtle Beach
Resort Marketing
International, Inc. 7/18/00 Sprint RMI National phone
Sub Total for Telephone - RMI National -
Resort Marketing
International Inc. 7/11/00 Crystal Springs Water RMI National water
Resort Marketing
International, Inc. Postmaster RMI National postage
Sub-Total for Office Supplies -
Resort Marketing
International, Inc. 7/18/00 Water Mania RMI National vouchers
Resort Marketing
International, Inc. Sheraton World Resorts RMI National
Resort Marketing
International, Inc. Accountemps RMI National
Sub-Total for Miscellaneous -
Resort Marketing
International, Inc. Various RMI National July Payroll
Sub-Total for Payroll
Total Outflows for RMI National -
<CAPTION>
Legal Pre- Post-Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Resort Marketing 14,827.00 14,827.00 14,827.00
International, Inc. 0.00
14,827.00 - - 14,827.00 14,827.00
-------------
47,108.63
Resort Marketing =============
International, Inc.
80.77 80.77 80.77
0.00 0.00
80.77 - - 80.77 80.77
Resort Marketing
International Inc. 9.54 9.54 9.54
Resort Marketing
International, Inc. 400.00 400.00 7/18/00 400.00
0.00 0.00 0.00
409.54 - - 409.54 409.54
Resort Marketing
International, Inc. 769.75 769.75 ck 7/18/00 769.75
Resort Marketing
International, Inc. 183.00 183.00 7/6/00 183.00
Resort Marketing
International, Inc. 1,172.59 1,172.59 7/18/00 1,172.59
0.00 0.00 0.00
Resort Marketing 0.00 0.00 0.00
International, Inc. 2,125.34 - - 2,125.34 2,125.34
67,000.00 67,000.00 67,000.00
0.00
67,000.00 - - 67,000.00 67,000.00
69,615.65
=============
Total Outflows for Resort Marketing International, Inc. 1,701,764.33
00-5-6961-JS
</TABLE>
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Ridge Point
Limited
Legal entity Partnership
Bankruptcy filing number 00-5-6962-JS
------------
Revenues:
---------
Vacation interests sales $ (31,700)
Interest income -
Other income (loss) -
------------
Total revenues (31,700)
------------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales (9,562)
Advertising, sales and marketing 24,022
Provision for doubtful accounts -
Loan portfolio expenses -
General & administrative 6,139
Depreciation & amortization -
------------
Total costs & operating expenses 20,599
------------
(Loss) income from operations (52,299)
Interest expense -
Realized loss on available-for-sale securities -
Bankruptcy expenses -
------------
Loss before provision for taxes (52,299)
Provision for income taxes -
------------
Net (loss) income $ (52,299)
============
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Ridge Point
Limited
Legal entity Partnership
Bankruptcy filing number 00-5-6962-JS
------------
Assets:
-------
Cash and cash equivalents $ -
Cash in escrow and restricted cash -
Mortgage receivables, net -
Retained interests -
Intercompany receivable (975,210)
Due from related parties -
Other receivables, net 307,361
Prepaid expenses and other assets -
Investment in joint ventures (130,047)
Real estate and development costs 1,925,422
Property and equipment, net -
Intangible assets -
------------
Total assets $ 1,127,526
============
Liabilities and equity:
-----------------------
Accounts payable subject to compromise $ -
Notes payable subject to compromise -
Accounts payable not subject to compromise -
Accrued liabilities 4
Notes payable not subject to compromise -
Deferred taxes -
------------
Total liabilities 4
------------
Stockholders' equity 1,127,522
Total liabilities and equity $ 1,127,526
------------
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Ridge Point
Limited
Legal entity Partnership
Bankruptcy filing number 00-5-6962-JS
------------
Inflows:
--------
Deposit/Collection
------------------
Resort Deposits: $ -
Subtotal-Deposit/Collection Inflows -
Other
-----
Asset Sales -
------------
Total Cash Inflows -
Outflows: -
--------- ------------
Total Cash Inflows $ -
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Legal entity RKG, Inc.
Bankruptcy filing number 00-5-6964-JS
------------
Revenues:
---------
Vacation interests sales $ -
Interest income -
Other income (loss) -
------------
Total revenues -
------------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales -
Advertising, sales and marketing -
Provision for doubtful accounts -
Loan portfolio expenses -
General & administrative -
Depreciation & amortization -
------------
Total costs & operating expenses -
------------
(Loss) income from operations -
Interest expense -
Realized loss on available-for-sale securities -
Bankruptcy expenses -
------------
Loss before provision for taxes -
Provision for income taxes -
------------
Net (loss) income $ -
============
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Legal entity RKG, Inc.
Bankruptcy filing number 00-5-6964-JS
------------
Assets:
-------
Cash and cash equivalents $ 3
Cash in escrow and restricted cash -
Mortgage receivables, net (3,869,830)
Retained interests -
Intercompany receivable 3,018,416
Due from related parties -
Other receivables, net 3,899,830
Prepaid expenses and other assets -
Investment in joint ventures 4,304,952
Real estate and development costs -
Property and equipment, net -
Intangible assets -
------------
Total assets $ 7,353,371
============
Liabilities and equity:
-----------------------
Accounts payable subject to compromise $ 281,469
Notes payable subject to compromise 20,000
Accounts payable not subject to compromise -
Accrued liabilities -
Notes payable not subject to compromise -
Deferred taxes -
------------
Total liabilities 301,469
------------
Stockholders' equity 7,051,902
Total liabilities and equity $ 7,353,371
============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Legal entity RKG, Inc.
Bankruptcy filing number 00-5-6964-JS
------------
No Cash Flow for this entity.
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Sunterra
Financial
Legal entity Services, Inc.
Bankruptcy filing number 00-5-6965-JS
------------
Revenues:
---------
Vacation interests sales $ -
Interest income 2,433,041
Other income (loss) 73,441
------------
Total revenues 2,506,482
------------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales -
Advertising, sales and marketing 343
Provision for doubtful accounts 3,112,151
Loan portfolio expenses 737,942
General & administrative (197,666)
Depreciation & amortization 22,653
------------
Total costs & operating expenses 3,675,423
------------
(Loss) income from operations (1,168,941)
Interest expense 1,255,669
Realized loss on available-for-sale securities 674,192
Bankruptcy expenses -
------------
Loss before provision for taxes (3,098,802)
Provision for income taxes -
------------
Net (loss) income $ (3,098,802)
============
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Sunterra
Financial
Legal entity Services, Inc.
Bankruptcy filing number 00-5-6965-JS
------------
Assets:
-------
Cash and cash equivalents $ 19,174
Cash in escrow and restricted cash 5,565,886
Mortgage receivables, net 231,300,485
Retained interests 28,450,184
Intercompany receivable (235,399,538)
Due from related parties (49,832)
Other receivables, net 9,070,393
Prepaid expenses and other assets 447,707
Investment in joint ventures -
Real estate and development costs -
Property and equipment, net 816,249
Intangible assets 10,464,712
-------------
Total assets $ 50,685,420
=============
Liabilities and equity:
-----------------------
Accounts payable subject to compromise $ 1,716,098
Notes payable subject to compromise -
Accounts payable not subject to compromise 1,472,078
Accrued liabilities 350,962
Notes payable not subject to compromise 104,698,982
Deferred taxes -
-------------
Total liabilities 108,238,120
-------------
Stockholders' equity (57,552,700)
Total liabilities and equity $ 50,685,420
=============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Sunterra
Financial
Legal entity Services, Inc.
Bankruptcy filing number 00-5-6965-JS
------------
Inflows:
--------
Deposit/Collection
------------------
Sunterra Finance Servicing Fee Income $ 97,228
Employee Payroll Deduction Reimbursement 10,457
------------
Subtotal-Deposit/Collection Inflows 107,685
Other
-----
Asset Sales -
------------
Total Cash Inflows 107,685
Outflows:
---------
Operating-Sunterra Finance 512,353
Payroll-Sunterra Finance 158,804
------------
Total Cash Inflows $ 671,157
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Sunterra Financial Nevada Dept of Taxation SFS
Services, Inc.
Total for Governmental Fees & Taxes -
Sunterra Financial Canyon Lake Apt. SFS July rent
Services, Inc.
Sunterra Financial Hughs Property SFS July rent
Services, Inc.
Sunterra Financial 7/25/00 Canyon Lake SFS Rent
Services, Inc.
Sunterra Financial 7/25/00 Howard Hughes Property SFS Rent
Services, Inc.
Sub-Total for Property Rent -
Sunterra Financial 7/5/00 Copelco Capital SFS Copier lease
Services, Inc.
Sunterra Financial 7/5/00 Pitney Bowes SFS Postage Machine
Services, Inc.
Sunterra Financial 7/12/00 Globe Furniture Rental SFS Furniture
Services, Inc.
Sunterra Financial 7/12/00 IOS SFS Copier Leases
Services, Inc.
Sunterra Financial 7/25/00 Pitney Bowes SFS Mail machine
Services, Inc.
Total Equipment Leases
Sunterra Financial 7/5/00 Nevada Power SFS Elec
Services, Inc.
Sunterra Financial Sprint SFS
Services, Inc.
Sunterra Financial Sprint SFS
Services, Inc.
Sub-Total for Utilities -
Sunterra Financial 7/5/00 Sprint SFS phone
Services, Inc.
Sunterra Financial 7/5/00 Sprint SFS phone
Services, Inc.
Sunterra Financial 7/12/00 Sprint SFS phone
Services, Inc.
Sub Total for Telephone -
Sunterra Financial 7/3/00 Advance Marketing Corp. SFS Misc office supplies
Services, Inc.
Sunterra Financial 7/5/00 FedEx SFS Shipping
Services, Inc.
Sunterra Financial 7/5/00 Desert Copy SFS Metered copies
Services, Inc.
Sunterra Financial 7/5/00 Ikon Office SFS Office supplies & metered copies
Services, Inc.
Sunterra Financial 7/12/00 Office Max SFS office supplies
Services, Inc.
Sunterra Financial 7/12/00 R & S Printing SFS Printing
Services, Inc.
Sunterra Financial 7/12/00 Shred It SFS paper shredding
Services, Inc.
Sunterra Financial 7/12/00 UPS SFS Shipping
Services, Inc.
Sunterra Financial Desert Copy SFS
Services, Inc.
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Sunterra Financial 2,928.50 2,928.50 2,928.50
Services, Inc.
2,928.50 - - 2,928.50 2,928.50
Sunterra Financial 820.76 820.76 ck 7/3/00 820.76
Services, Inc.
Sunterra Financial 24,294.20 24,294.20 ck 7/3/00 24,294.20
Services, Inc.
Sunterra Financial 800.00 800.00 800.00
Services, Inc.
Sunterra Financial 24,294.20 24,294.20 24,294.20
Services, Inc.
0.00
50,209.16 50,209.16 50,209.16
Sunterra Financial 371.56 371.56 ck 7/5/00 371.56
Services, Inc.
Sunterra Financial 451.18 451.18 ck 7/5/00 451.18
Services, Inc.
Sunterra Financial 178.15 178.15 178.15
Services, Inc.
Sunterra Financial 554.74 554.74 554.74
Services, Inc.
Sunterra Financial 1,295.70 1,295.70 1,295.70
Services, Inc.
2,851.33 2,851.33 2,851.33
Sunterra Financial 9.43 9.43 ck 7/5/00 9.43
Services, Inc.
Sunterra Financial 14,085.10 14,085.10 14,085.10
Services, Inc.
Sunterra Financial 108.48 108.48 108.48
Services, Inc.
0.00
14,203.01 - - 14,203.01 14,203.01
Sunterra Financial 192.50 192.50 ck 7/5/00 192.50
Services, Inc.
Sunterra Financial 3,261.70 3,261.70 ck 7/5/00 3,261.70
Services, Inc.
Sunterra Financial 14.71 14.71 14.71
Services, Inc.
0.00 0.00
3,468.91 - - 3,468.91 3,468.91
Sunterra Financial 1,200.00 1,200.00 ck 7/3/00 1,200.00
Services, Inc.
Sunterra Financial 908.30 908.30 ck 7/5/00 908.30
Services, Inc.
Sunterra Financial 52.26 52.26 ck 7/5/00 52.26
Services, Inc.
Sunterra Financial 1,055.57 1,055.57 ck 7/5/00 1,055.57
Services, Inc.
Sunterra Financial 786.54 786.54 786.54
Services, Inc.
Sunterra Financial 892.01 892.01 892.01
Services, Inc.
Sunterra Financial 148.75 148.75 148.75
Services, Inc.
Sunterra Financial 175.61 175.61 175.61
Services, Inc.
Sunterra Financial 463.09 463.09 463.09
Services, Inc.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Sunterra Financial Fedex SFS
Services, Inc.
Sunterra Financial Ikon Office Solutions SFS
Services, Inc.
Sunterra Financial Las Vegas Internet SFS
Services, Inc.
Sunterra Financial 7/25/00 McKesson Water SFS Water/Coffee
Services, Inc.
Sunterra Financial 7/25/00 Samantha Stephen SFS Spiff fund - July
Services, Inc.
Sub-Total for Office Supplies -
Sunterra Financial 7/5/00 United Parcel SFS Postage
Services, Inc.
Sub-Total for Office Supplies -
Sunterra Financial 7/5/00 Siddhartha Som SFS Consulting
Services, Inc.
Sub-Total for Contract Labor/Commissions -
Sunterra Financial 7/12/00 Various SFS Expense Reports
Services, Inc.
Sunterra Financial Keith Brown SFS Expense Reimbursements
Services, Inc.
Sunterra Financial Carolyn Cuatiuco SFS Expense Reimbursements
Services, Inc.
Sunterra Financial Shannon Elms SFS Expense Reimbursements
Services, Inc.
Sunterra Financial Lillina Luu SFS Expense Reimbursements
Services, Inc.
Sunterra Financial Allen Peterson SFS Expense Reimbursements
Services, Inc.
Sunterra Financial Samantha Stephen SFS Expense Reimbursements
Services, Inc.
Sunterra Financial 7/25/00 Keith Brown SFS Expense Report
Services, Inc.
Sub-Total for Expense Reports -
Sunterra Financial 7/5/00 All Pro Heating & Air SFS Maintenance
Services, Inc.
Sunterra Financial 7/5/00 Phoenix Pest Control SFS Service
Services, Inc.
Sub-Total for Repairs & Maintenance -
Sunterra Financial 7/5/00 Chicago Title Service SFS Recording Fees
Services, Inc.
Sunterra Financial 7/5/00 Concord SFS Security Deposit
Services, Inc.
Sunterra Financial 7/5/00 Alexander Hamilton Institute SFS Subscription
Services, Inc.
Sunterra Financial Mr Plant SFS
Services, Inc.
Sunterra Financial Phoenix Pest & Termite SFS
Services, Inc.
Sunterra Financial Reserve Account SFS
Services, Inc.
Sunterra Financial Sun City Services SFS
Services, Inc.
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Sunterra Financial 933.57 933.57 933.57
Services, Inc.
Sunterra Financial 1,041.97 1,041.97 1,041.97
Services, Inc.
Sunterra Financial 239.40 239.40 239.40
Services, Inc.
Sunterra Financial 1,200.00 1,200.00 1,200.00
Services, Inc.
Sunterra Financial 3,000.00 3,000.00 3,000.00
Services, Inc.
0.00 0.00 0.00
12,097.07 - - 12,097.07 12,097.07
Sunterra Financial 144.51 144.51 ck 7/5/00 144.51
Services, Inc.
0.00 0.00 0.00
144.51 - - 144.51 144.51
Sunterra Financial 3,000.00 3,000.00 ck 7/5/00 3,000.00
Services, Inc.
0.00
3,000.00 - - 3,000.00 3,000.00
Sunterra Financial 4,230.98 4,230.98 4,230.98
Services, Inc.
Sunterra Financial 2,892.71 2,892.71 ck 2,892.71
Services, Inc.
Sunterra Financial 999.00 999.00 ck 999.00
Services, Inc.
Sunterra Financial 4,105.07 4,105.07 ck 4,105.07
Services, Inc.
Sunterra Financial 1,124.93 1,124.93 ck 1,124.93
Services, Inc.
Sunterra Financial 174.84 174.84 ck 174.84
Services, Inc.
Sunterra Financial 356.05 356.05 ck 356.05
Services, Inc.
Sunterra Financial 684.29 684.29 684.29
Services, Inc.
0.00
14,567.87 - - 14,567.87 14,567.87
Sunterra Financial 285.00 285.00 ck 7/5/00 285.00
Services, Inc.
Sunterra Financial 30.00 30.00 ck 7/5/00 30.00
Services, Inc.
0.00
315.00 - - 315.00 315.00
Sunterra Financial 554.00 554.00 ck 7/5/00 554.00
Services, Inc.
Sunterra Financial 150,000.00 150,000.00 ck 7/5/00 150,000.00
Services, Inc.
Sunterra Financial 21.75 21.75 ck 7/5/00 21.75
Services, Inc.
Sunterra Financial 196.00 196.00 196.00
Services, Inc.
Sunterra Financial 30.00 30.00 30.00
Services, Inc.
Sunterra Financial 5,000.00 5,000.00 5,000.00
Services, Inc.
Sunterra Financial 1,877.50 1,877.50 1,877.50
Services, Inc.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Sunterra Financial Wilson, Tim D & Karolee SFS 144.00
Services, Inc.
Sunterra Financial 7/27/00 First American Title SFS Title work for DIP lender 13,776.00
Services, Inc.
Sunterra Financial Affirmed Medical SFS 39.36
Services, Inc.
Sunterra Financial Chicago Title Service SFS 655.00
Services, Inc.
Sunterra Financial Clement Communications SFS 7.10
Services, Inc.
Sunterra Financial Corporate Express SFS 7.85
Services, Inc.
Sunterra Financial Fedex SFS 818.48
Services, Inc.
Sunterra Financial
Services, Inc.
Sub-Total for Miscellaneous - 173,127.04
Sunterra Financial Concord Servicing SFS 147,548.30
Services, Inc.
Sunterra Financial Copelco Capital Inc SFS 333.84
Services, Inc.
Sunterra Financial Credit Data Services SFS 7,650.00
Services, Inc.
Sunterra Financial ES Financial Corp SFS 27,166.23
Services, Inc.
Sunterra Financial Finova Portfolio SFS 12,289.75
Services, Inc.
Sunterra Financial First American Title SFS 800.00
Services, Inc.
Sunterra Financial First Data Solutions SFS 743.22
Services, Inc.
Sunterra Financial La Salle Bank SFS 34,709.11
Services, Inc.
Sunterra Financial Purchase Power SFS 2,700.61
Services, Inc.
Sunterra Financial Advanced Marketing Corp SFS 1,500.00
Services, Inc.
Sub-Total for Professional Fees - 235,441.06
Sunterra Financial Various SFS July Payroll 158,804.00
Services, Inc.
Sub-Total for Payroll - 158,804.00
<CAPTION>
Legal Date Payable Pre Post-Petition check Check/wire
Entity Received Invoice Payable to From Petition 1st Day Order Subsequent wire Date Total
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Sunterra Financial Wilson, Tim D & Karolee SFS 144.00 144.00
Services, Inc.
Sunterra Financial 7/27/00 First American Title SFS 13,776.00 13,776.00
Services, Inc.
Sunterra Financial Affirmed Medical SFS 39.36 39.36
Services, Inc.
Sunterra Financial Chicago Title Service SFS 655.00 655.00
Services, Inc.
Sunterra Financial Clement Communications SFS 7.10 7.10
Services, Inc.
Sunterra Financial Corporate Express SFS 7.85 7.85
Services, Inc.
Sunterra Financial Fedex SFS 818.48 818.48
Services, Inc.
Sunterra Financial 0.00
Services, Inc.
- 173,127.04 173,127.04
Sunterra Financial Concord Servicing SFS 147,548.30 147,548.30
Services, Inc.
Sunterra Financial Copelco Capital Inc SFS 333.84 333.84
Services, Inc.
Sunterra Financial Credit Data Services SFS 7,650.00 7,650.00
Services, Inc.
Sunterra Financial ES Financial Corp SFS 27,166.23 27,166.23
Services, Inc.
Sunterra Financial Finova Portfolio SFS 12,289.75 12,289.75
Services, Inc.
Sunterra Financial First American Title SFS 800.00 800.00
Services, Inc.
Sunterra Financial First Data Solutions SFS 743.22 743.22
Services, Inc.
Sunterra Financial La Salle Bank SFS 34,709.11 34,709.11
Services, Inc.
Sunterra Financial Purchase Power SFS 2,700.61 2,700.61
Services, Inc.
Sunterra Financial Advanced Marketing Corp SFS 1,500.00 1,500.00
Services, Inc.
0.00
0.00
- 235,441.06 235,441.06
Sunterra Financial Various SFS 158,804.00 - 158,804.00
Services, Inc.
- 158,804.00 - 158,804.00
-------------
Total Outflows for Sunterra Financial Services, Inc. (aka SFS) 671,157.46
=============
</TABLE>
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Sunterra
Legal entity St. Croix, Inc.
Bankruptcy filing number 00-5-6966-JS
------------
Revenues:
---------
Vacation interests sales $ 990
Interest income 18,093
Other income (loss) (265,062)
--------------
Total revenues (245,979)
--------------
Costs & operating expenses:
---------------------------
Vacation interests cost of sales -
Advertising, sales and marketing 61,773
Provision for doubtful accounts 50,000
Loan portfolio expenses (1,211)
General & administrative 12,516
Depreciation & amortization 41,188
--------------
Total costs & operating expenses 164,266
--------------
(Loss) income from operations (410,245)
Interest expense 58
Realized loss on available-for-sale securities -
Bankruptcy expenses -
--------------
Loss before provision for taxes (410,303)
Provision for income taxes -
--------------
Net (loss) income $ (410,303)
==============
<PAGE>
United States Bankruptcy Court for the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Sunterra
Legal entity St. Croix, Inc.
Bankruptcy filing number 00-5-6966-JS
------------
Assets:
-------
Cash and cash equivalents $ 309,263
Cash in escrow and restricted cash 142,797
Mortgage receivables, net 1,899,118
Retained interests -
Intercompany receivable (10,712,644)
Due from related parties (212,507)
Other receivables, net 1,642,987
Prepaid expenses and other assets 461,538
Investment in joint ventures -
Real estate and development costs 7,454,993
Property and equipment, net 5,739,270
Intangible assets -
--------------
Total assets $ 6,724,815
==============
Liabilities and equity:
-----------------------
Accounts payable subject to compromise $ 2,660,155
Notes payable subject to compromise -
Accounts payable not subject to compromise 314,586
Accrued liabilities 294,412
Notes payable not subject to compromise 27,478
Deferred taxes -
--------------
Total liabilities 3,296,631
--------------
Stockholders' equity 3,428,184
Total liabilities and equity $ 6,724,815
==============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Sunterra
Legal entity St. Croix, Inc.
Bankruptcy filing number 00-5-6966-JS
------------
Inflows:
--------
Deposit/Collection
------------------
Resort Deposits: $ -
Subtotal-Deposit/Collection Inflows -
--------------
Other
-----
Asset Sales -
--------------
Total Cash Inflows -
Outflows:
---------
Payroll-Resorts (S&W) 25,000
--------------
Total Cash Inflows $ 25,000
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable
Entity Received Invoice Payable to From Description of Invoice / Service Commission
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Sunterra St. Croix, Inc. Various St Croix July Payroll
Sub-Total for Payroll -
<CAPTION>
Legal Pre- Post - Petition check Check/wire
Entity Other Petition 1st Day Order Subsequent wire Date Total
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Sunterra St. Croix, Inc. 25,000.00 25,000.00 25,000.00
0.00
25,000.00 - - 25,000.00 25,000.00
---------------
Total Outflows for Sunterra St. Croix, Inc. 25,000.00
==============
00-5-6966-JS
</TABLE>
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Williamsburg
Legal entity Vacations, Inc.
Bankruptcy filing number 00-5-6967-JS
------------
Revenues:
--------
Vacation interests sales $ -
Interest income -
Other income (loss) -
---------------
Total revenues -
---------------
Costs & operating expenses:
--------------------------
Vacation interests cost of sales -
Advertising, sales and marketing -
Provision for doubtful accounts -
Loan portfolio expenses -
General & administrative -
Depreciation & amortization -
---------------
Total costs & operating expenses -
---------------
(Loss) income from operations -
Interest expense -
Realized loss on available-for-sale securities -
Bankruptcy expenses -
---------------
Income before provision for taxes -
Provision for income taxes -
---------------
Net (loss) income $ -
===============
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Williamsburg
Legal entity Vacations, Inc.
Bankruptcy filing number 00-5-6967-JS
------------
Assets:
------
Cash and cash equivalents $ -
Cash in escrow and restricted cash -
Mortgage receivables, net -
Retained interests -
Intercompany receivable 114,090
Due from related parties -
Other receivables, net 250
Prepaid expenses and other assets 100,000
Investment in joint ventures 2,822,054
Real estate and development costs 4,600
Property and equipment, net -
Intangible assets -
-------------
Total assets $ 3,040,994
=============
Liabilities and equity:
----------------------
Accounts payable subject to compromise $ -
Notes payable subject to compromise -
Accounts payable not subject to compromise -
Accrued liabilities (1)
Notes payable not subject to compromise -
Deferred taxes -
-------------
Total liabilities (1)
-------------
Stockholders' equity 3,040,995
Total liabilities and equity $ 3,040,994
=============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Williamsburg
Legal entity Vacations, Inc.
Bankruptcy filing number 00-5-6967-JS
------------
No Cash Flow for this entity.
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Income Statement
For the Month Ended July 31, 2000
Design
Internationale-
Legal entity RMI, Inc.
Bankruptcy filing number 00-5-8313-JS
------------
Revenues:
--------
Vacation interests sales $ -
Interest income -
Other income (loss) 1,018
------------
Total revenues 1,018
------------
Costs & operating expenses:
--------------------------
Vacation interests cost of sales 999
Advertising, sales and marketing -
Provision for doubtful accounts -
Loan portfolio expenses -
General & administrative 20,181
Depreciation & amortization -
------------
Total costs & operating expenses 21,180
------------
(Loss) income from operations (20,162)
Interest expense -
Realized loss on available-for-sale securities -
Bankruptcy expenses -
------------
Loss before provision for taxes (20,162)
Provision for income taxes -
------------
Net (loss) income $ (20,162)
============
<PAGE>
United States Bankruptcy Court for the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Balance Sheet
July 31, 2000
Design
Internationale-
Legal entity RMI, Inc.
Bankruptcy filing number 00-5-8313-JS
------------
Assets:
-------
Cash and cash equivalents $ -
Cash in escrow and restricted cash -
Mortgage receivables, net -
Retained interests -
Intercompany receivable 3,152,575
Due from related parties -
Other receivables, net 85,529
Prepaid expenses and other assets 2,471
Investment in joint ventures -
Real estate and development costs -
Property and equipment, net -
Intangible assets -
------------
Total assets $ 3,240,575
============
Liabilities and equity:
-----------------------
Accounts payable subject to compromise $ 1,438,650
Notes payable subject to compromise -
Accounts payable not subject to compromise 40,688
Accrued liabilities 394
Notes payable not subject to compromise -
Deferred taxes -
------------
Total liabilities 1,479,732
------------
Stockholders' equity 1,760,843
Total liabilities and equity $ 3,240,575
============
<PAGE>
Form No. 8
United States Bankruptcy Court For the District of
Maryland
Office of the United States Trustee
In Re: Sunterra Corporation, et al., Debtors
Cash Flow Statement
For the Month Ended July 31, 2000
Design
Internationale-
Legal entity RMI, Inc.
Bankruptcy filing number 00-5-8313-JS
------------
Inflows:
--------
Deposit/Collection
------------------
Other-Design International $ 10,147
------------
Subtotal-Deposit/Collection Inflows 10,147
Other
-----
Asset Sales -
------------
Total Cash Inflows 10,147
Outflows:
--------
Operating-Resorts 1,317
------------
Total Cash Inflows $ 1,317
<PAGE>
<TABLE>
<CAPTION>
Legal Date Payable Description of Pre-
Entity Received Invoice Payable to From Invoice/Service Comm Other Petition
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Design Internationale -RMI, Inc. 7/13/00 Dina Caruso Design Expense Advance 450.00
Sub-Total for Expense Reports - 450.00 -
Design Internationale -RMI, Inc. 7/12/00 Fulford Van Design Moving 314.82
Design Internationale -RMI, Inc. 7/25/00 Fulford Design Moving 182.91
Sub-Total for Repairs & Maintenance - 497.73 -
Design Internationale -RMI, Inc. 7/12/00 Tropitone Furniture Design 369.08
Sub-Total for Miscellaneous - 369.08 -
<CAPTION>
Legal Post - Petition check Check/wire
Entity 1st Day Order Subsequent wire Date Total
-----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Design Internationale -RMI, Inc. 450.00 450.00
-
- 450.00 450.00
Design Internationale -RMI, Inc. 314.82 314.82
Design Internationale -RMI, Inc. 182.91 182.91
-
- 497.73 497.73
Design Internationale -RMI, Inc. 369.08 369.08
-
- 369.08 369.08
------------
Total Outflows for Design Internationale - RMI, Inc. 1,316.81
============
00-5-8313-JS
</TABLE>
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