SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date Report (Date of earliest event reported) December 15, 1996
BONNEVILLE PACIFIC CORPORATION
(Exact name of registrant as specified in charter)
Delaware 0-14846 87-0363215
(State or other (Commission (IRA Employer
jurisdiction of File Number) Identification No.)
incorporation)
50 West 300 South, Suite 300, Salt Lake City, Utah 84101
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code (801) 363-2520
--------------
(Former name or former address, if changed since last report) Not applicable
The only amendment made to this document is the addition of the Narrative
which was erroneously left out of the original filing.
<PAGE>
Item 3. Bankruptcy or Receivership.
On December 5, 1991, the Registrant filed a petition in the United States
Bankruptcy Court for the District of Utah, Central Division, Case No. 91A-27701,
seeking protection to reorganize under Chapter 11 of the Federal Bankruptcy
Code. Subsequent to the filing, the Registrant has applied to the Securities and
Exchange Commission (the "Commission") to modify its reporting obligations under
the Securities Exchange Act of 1934, as amended (the "Exchange Act"). On April
9, 1992, the Commission indicated that it would raise no objection if the
Registrant modified its reporting obligations under the Exchange Act. A copy of
the Monthly Financial Report for the period November 1, 1996 to November 30,
1996, as filed with the bankruptcy court is included as an exhibit hereto. On
June 12, 1992, Roger G. Segal was appointed as the Chapter 11 Bankruptcy Trustee
for the Company.
Item 5. Other Events.
For information on litigation and matters previously reported, refer to the
narrative on pages Form 2-G of the accompanying bankruptcy report.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused its report to be signed on its behalf by the
undersigned thereunto duly authorized.
BONNEVILLE PACIFIC CORPORATION
By: Roger G. Segal, Chapter 11 Trustee
DATED December 16, 1996
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused its report to be signed on its behalf by the
undersigned thereunto duly authorized.
BONNEVILLE PACIFIC CORPORATION
By: R. Stephen Blackham, Assistant Controller
DATED December 16, 1996
-3-
<PAGE>
INDEX TO EXHIBITS
Exhibit Page No.
28.1 Monthly Financial Report - Chapter 11, for the period
November 1, 1996 to November 30, 1996, of the
Registrant, dated December 15, 1996 as filed by the
Registrant with the United States Bankruptcy Court for the
District of Utah, Central Division on December 15, 1996....5
-4-
<PAGE>
MONTHLY FINANCIAL REPORT
CHAPTER 11
DEBTOR: BONNEVILLE PACIFIC CORPORATION
CASE NO. 91A-27701 For Period November 1 to November 30, 1996
--------------- ------------- ------------------
Accounting Method Used: |X| Accrual Basis | | Cash Basis
COVER SHEET
THIS REPORT IS DUE 15 DAYS AFTER THE END OF THE MONTH.
Mark One Box For Each The debtor must attach each of the following reports/
Required Report/ documents unless the U.S. Trustee has waived the
Document requirement in writing. File original with Clerk of
Court. File duplicate with U.S. Trustee.
Report/Document Previously
Attached Waived REQUIRED REPORTS/DOCUMENTS
[ x ] [ ] Cash Receipts & Disbursements Statement (Form 2-B)
[ x ] [ ] Balance Sheet (Form 2-C)
[ x ] [ ] Profit and Loss Statement (Form 2-D)
[ x ] [ ] Supporting Schedules (Form 2-E)
[ x ] [ ] Quarterly Fee Summary (Form 2-F)
[ x ] [ ] Narrative (Form 2-G)
[ x ] [ ] Bank Statement(s) for Debtor in Possession
Account(s)
I declare under penalty of perjury that the following Monthly Financial Report
and any attachments thereto, is true and correct to the best of my knowledge and
belief.
Executed on: December 15, 1996
Debtor(s): BONNEVILLE PACIFIC CORPORATION
By: R. Stephen Blackham
Position: Assistant Controller
-4-
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Bankruptcy No. 91A-27701
Narrative
For the Month Ended November 30, 1996
FORM 2G
_____________________________________________________________________________
Bonneville Pacific Corporation (the "Company" or "Bonneville") has
continued to conduct its normal business activities during the month of November
1996 (the reporting period). These activities have included responding to the
Operating Guidelines and Reporting Requirements for Chapter 11 debtors.
Significant actions related to the Company during the month of November and
the first part of December 1996 1 (other than administrative matters, including
professional fee applications) in accordance with various provisions of the
Bankruptcy Code are as follows:
1. The Segal v. Portland General, et al. action pending in the United
States District Court, Case No. 92-C-364-J (the "Litigation") has been discussed
at length in the previous Monthly Financial Reports filed by the Trustee and in
the Trustee's four (4) Annual Reports, including the Report for the period of
July 1, 1995 through June 30, 1996 filed on September 19, 1996 concerning the
Administration of the Estate. These Reports (which are on file with both the
Bankruptcy Court and the Securities & Exchange Commission) must be reviewed for
an understanding of the history and nature of the Litigation, including previous
settlements 2 reached by the Trustee. Except for the severed action of Segal
(Trustee) v. Dinuba Energy, Inc. & Ronald C. Yanke, United States District Court
for the District of Utah, Case No. 92-CV-1116-J-H, for all practical purposes
the Litigation has been concluded (see the discussion below concerning the
status of the Westinghouse, Calpine and Dunlop settlements).
On August 22, 1996 the Trustee entered into a comprehensive verbal
settlement agreement with Portland General Corporation ("PGC"), its wholly owned
subsidiary, Portland General
- --------
1 This narrative attempts to summarize significant events affecting the
Company through December 12, 1996.
2 Each settlement agreement should be reviewed in its entirety for all
terms and conditions (and consideration) of the settlement.
<PAGE>
Holding Inc. ("PGHI") and certain past and present officers of PGC or PGHI
(collectively such entities and persons are referred to as "Portland"). Pursuant
to the settlement, which was documented by formal settlement agreement2 dated
September 9, 1996, Portland released any and all claims against Bonneville, its
estate and related entities and individuals except that PGHI retained ownership
of 2,000,000 shares of common stock of Bonneville.
PGHI has, pursuant to the settlement, surrendered ownership of 7,842,067
shares of common stock of Bonneville and Portland has withdrawn with prejudice
its filed claim (in the amount of $230,369,276.00) against Bonneville. Portland
General has dismissed its counterclaim against Bonneville and its estate that
was pending in the Litigation. In exchange Portland has received a release from
Bonneville and its estate of all claims and causes of action, including those
asserted in the Litigation. The settlement is intended to resolve any and all
claims and/or rights and interest of the parties against one another and related
entities and individuals except for such restricted rights as PGHI will have as
the owner of 2,000,000 shares of common stock of Bonneville. Furthermore the
settlement has resulted in Thirty Million Six Hundred Twenty Thousand Five
Hundred Forty Dollars ($30,620,540.00) of liabilities heretofore reflected on
Bonneville's Balance Sheet being removed therefrom; and b) reduction of
approximately Two Hundred Million Dollars ($200,000,000.00) from the amount of
unbooked liabilities heretofore reflected in note 6 to the Balance Sheet. The
settlement was conditioned upon approval by the United States District Court and
the United States Bankruptcy Court. The Motion for Approval of the Settlement
Agreement was heard by the United States Bankruptcy Court as scheduled on
October 7, 1996, at which hearing the Bankruptcy Court approved the Motion. The
United States District Court, based upon the Stipulated Motion of the parties on
October 11, 1996, signed the Final Judgment and Order of Dismissal of Portland
General from the Litigation.
On December 2, 1996, the Trustee entered into a verbal settlement agreement
with Westinghouse Electric ("Westinghouse"). Pursuant to the settlement, which
was documented by formal settlement agreement dated December 3, 19962,
Westinghouse agreed a) to pay $6,000,000.00 to Bonneville Pacific Corporation
payable $3,000,000.00 not later than April 10, 1997 and $3,000,000.00 not later
than April 10, 1998; and b) withdraw with prejudice its unsecured $6,000,000.00
subordinated claim. The Company and Westinghouse also agreed to jointly release
one another from any and all claims or causes of action. The settlement is
conditioned upon approval of the settlement by the United States District Court
and the United States Bankruptcy Court. The Trustee's Motion for Approval of the
Settlement has been filed and a hearing on the Motion is scheduled before the
Bankruptcy Court on December 20, 1996.
On December 10, 1996 the Trustee entered into a verbal settlement agreement
with Calpine Corporation, a Defendant in an action severed from the main
Litigation. Pursuant to the settlement, which is to be documented by formal
settlement agreement, Calpine has agreed a) to pay to Bonneville Pacific the sum
of $767,500.00; and b) to release and withdraw with prejudice its filed claims
in the total amount of $3,057,969.60. The Company and Calpine also agreed to
jointly release one another from any and all claims or causes of action. The
settlement is conditioned upon approval of the settlement by the United States
District Court and the United States Bankruptcy Court. Once the verbal
settlement agreement has
<PAGE>
been reduced to a formal written settlement agreement, the Trustee will
promptly file a Motion for Approval of the Settlement Agreement and schedule a
hearing.
On or about December 4, 1996 the Trustee entered into a formal settlement
agreement with Jack & Nancy Dunlop. The settlement agreement provides for
payment of $10,000.00 by Jack Dunlop and other consideration to Bonneville
Pacific Corporation in exchange for a full release of any and all claims which
the estate may have against Jack Dunlop. The settlement is conditioned upon
approval of the settlement by the United States District Court and the United
States Bankruptcy Court; the hearing on the motion has not yet been set.
All litigation settlement recoveries actually received by the Company are
subject to a contingency fee in favor of the law firm of Beus, Gilbert &
Morrill, special litigation counsel for the Trustee. The "Legal Representation
Agreement" between the Trustee and Beus, Gilbert & Morrill, which agreement sets
forth the terms of the contingent fee arrangement, was approved by the
Bankruptcy Court in 1992. Pursuant to the contingent fee agreement, Beus,
Gilbert & Morrill would, after subtracting for litigation costs, be paid forty
percent (40%) of any settlement or litigation recoveries received after trial
commences, thirty-three percent (33%) of any settlement sums received after the
litigation is filed but before trial commences, or, as the case may be, twenty
percent (20%) of the settlement sum received if the settlement occurs before
litigation is commenced ( in all instances less amounts paid to the Trustee's
General Counsel, Cohne, Rappaport & Segal, P.C., for fees related to the
Litigation). Any fees or costs to be paid to Beus, Gilbert & Morrill must first
be allowed (approved) by the Bankruptcy Court upon application after notice and
hearing. Beus, Gilbert & Morrill, on October 10, 1996, filed its Fifth
Application for Allowance of Interim Fees seeking allowance of $10,678,397.33 in
fees based upon (a) the Ten Million Dollar ($10,000,000.00) Fraser & Beatty
settlement, (b) the Fifteen Million Dollar ($15,000,000.00) Kidder Peabody
Settlement, (c) the Seven Million Dollar ($7,000,000.00) settlement sum paid by
Piper Jaffray, (d) the One Million Dollar ($1,000,000.00) Hixson Settlement, and
(e) miscellaneous other litigation recoveries which collectively for the period
total less then One Million Dollars ($1,000,000.00). Beus, Gilbert & Morrill was
also seeking, based upon its thirteenth interim cost application, reimbursement
for litigation costs expended during the period from June 1, 1996 to September
30, 1996 which total $655,956.09. The United States Bankruptcy Court allowed the
requested fees and costs at a hearing held on November, 4, 1996 and the estate
paid such fees and costs (which totaled $11,334,353.42) to Beus, Gilbert &
Morrill on or about November 5, 1996.
A continued hearing was held by the Court on November 1, 1996 in one of the
actions severed from the main Litigation concerning the Motion by Defendant
William Cerutti for Summary Judgment (Segal v. Cerutti, United States District
Court for the District of Utah, Case No. 92-CV-1115-J-C). At the hearing the
Court made an oral ruling granting the Defendant's motion; the Trustee may file
a motion to reconsider or appeal the Court's decision.
Further hearings are scheduled in December in the Segal (Trustee) v. Ronald
Yanke & Dinuba Energy severed litigation.
<PAGE>
In addition to the above described litigation matters, the Company
continues in its business operations. Significant actions and events during
November 1996 related to business matters are as follows:
1. The Trustee and his counsel continue to monitor the Company's 50% general
partnership interest in NCA #1 owned through the Company's wholly owned
subsidiary, Bonneville Nevada Corporation. NCA #1 is a Nevada general
partnership that owns an 85-megawatt cogeneration project located near Las
Vegas, Nevada. As previously reported, Nevada Power Company ("NPC")
curtailed its purchases of electrical power from NCA #1 during significant
portions of 1994 and 1995. The curtailments have continued during 1996.
As previously reported, various appeals have been filed by the NCA #1 and
NPC relative to NPC curtailment actions. The Trustee and his counsel
continues to monitor these cases. Presently the project is awaiting oral
argument before the Nevada Supreme Court relative to NPC's appeal of a
lower court's decision not to enjoin arbitration of curtailment issues.
Oral arguments on the appeal are expected to be heard in the Spring of
1997.
Since January 1, 1996, curtailments of NCA #1 have continued but at
significantly lower levels than during the same period in 1995. No NPC
curtailments occurred during the reporting period. There is no assurance
that this trend will continue. It is NCA #1's position that the
curtailments are in possible violation of applicable curtailment protocols
and possible breach of NCA #1's Power Purchase Contract with NPC. The
Trustee will continue to monitor this situation.
On June 7, 1995, NPC filed a petition with the Public Service Commission of
Nevada ("PSCN") seeking to ratify its prior curtailment practices. NCA #1
filed an objection to this petition and the First Judicial District Court
of the State of Nevada stayed further action on the petition pending
resolution of collateral matters. On September 18, 1996 NPC has submitted a
motion to clarify and limit the scope of the stay relative to other
cogeneration facilities which may have a collateral effect upon the First
Judicial District Court's prior rulings. NCA #1 has prepared its brief in
opposition and the Trustee will also monitor this litigation.
On September 27, 1996, NCA #1 was served with Findings and Notices of
Violation ("NOV") issued by Region IX of the United States Environmental
Protection Agency (the "EPA") for alleged violations of the Clean Air Act's
Prevention of Significant Deterioration program applicable for the State of
Nevada. Specifically, EPA alleges that NCA #1, contrary to applicable
operating permits, failed to timely install "Best Available Control
Technology" at the plant in the form of a selective catalytic reduction
system to control NOx emissions. NCA #1 refutes these allegations. During
the reporting period a follow-up meeting was held with EPA representatives.
Some progress toward resolving the NOV was made and the EPA has requested
additional information from the facility.
On December 11, 1996, NCA #1 made a partnership distribution pursuant to
which Bonneville Nevada received $4,480,000.00.
<PAGE>
During the reporting period, NCA#1 and NCA#2 (a related power project) have
executed an amendment to the Project Credit Facilities which provides
reduced interest rates and administrative burden.
Analysis of Claims and Possible Distributions.
Prepetition claims against the Bonneville Pacific bankruptcy estate total
approximately two hundred million dollars in booked and unbooked liabilities
(excluding any addition for possible post-petition interest). The exact amount
of such claims (which include unfiled subordinated claims relating to the
purchase or sale of the Company's stock and bonds for which a December 16, 1996
bar date has now been established) is still undetermined and the distribution
priority for such claims is still being researched, investigated, litigated or
negotiated by the Trustee and other parties in interest.
On August 20, 1996 the Trustee filed a Motion for Establishment of a
Supplementary Claims Bar Date seeking to set December 16, 1996 as the
supplementary claims bar date by which all creditors of Bonneville who had not
previously been adequately notified to file claims must complete and file a
proof of claim with the Clerk of the Bankruptcy Court. The Trustee believes that
most of the new claims which may be filed would relate to possible claims
against Bonneville arising out of the purchase or sale of its securities. The
Motion also sought approval of a form of notice to be sent to potential
creditors, approval of a form proof of claim, approval of a procedure to
identify potential claimants and a procedure for notice by publication. A
hearing on the Motion was scheduled before the Bankruptcy Court on September 10,
1996. No objections to the Motion were filed and at the hearing the Court
granted the Motion and signed an order establishing the supplementary claims bar
deadline. Consequently, the Trustee is proceeding with the action authorized by
the order granting the Motion. Pursuant to the Order Approving the Motion,
notice has been sent to thousands of potential claimants and notice has been
published in newspapers throughout the United States. Through November 30, 1996
approximately 1,700 new proofs of claim have been filed with the Bankruptcy
Court.
At this time it is not clear what post petition taxes for periods after
April 30, 1995, if any, are owed by the Company.3 In an effort to resolve tax
issues relating to the material litigation settlements which have occurred since
May 1, 1996, the Trustee has filed with the Internal Revenue Service an
application to change the Company's tax year from one ending on April 30th to
one ending on December 31st. The Trustee desires to change the Company's tax
year period (if changed the Company's present tax year would be from May 1, 1996
through December 31, 1996 and thereafter would be on a calendar year basis) in
order to facilitate the filing of a plan of reorganization of the Company. By
shortening the Companys tax year, the Trustee may be able to receive a prompt
tax determination for the tax year ending December 31, 1996, which determination
will facilitate any party in interest filing a plan of reorganization because
the amount of tax owed by the Debtor, if any, should be quantified (See 11
U.S.C. Section 505).
On December 4, 1996 the Trustee filed a Motion for Approval of the
Trustee's Resolution of Intercompany Receivable and Payables by which certain
debts allegedly due and owing by Bonneville Pacific Corporation to its
wholly-owned subsidiaries and certain obligations of the
- --------
3 The Company's consolidated income tax returns for the tax year ending
April 30, 1996 have not yet been filed but appropriate extensions have been
obtained by the Company.
<PAGE>
subsidiaries due and owing to Bonneville Pacific pre-petition would be
offset and any net payable to Bonneville Pacific would be converted to equity. A
hearing on the motion is scheduled for December 20, 1996.
In preparation for a plan of reorganization, the Trustee on behalf of the
Company has made a decision to employ Hein + Associates, a national accounting
firm, to prepare audited financial statements for Bonneville Pacific
Corporation. An application seeking approval of the employment has been filed
and hearing on the application is scheduled for December 20, 1996.
At this time it is not known whether interest will ever be paid on any
allowed unsecured claim because (a) it is not at all clear that the estate will
possess sufficient funds to pay interest on any particular class of claims, and
(b) the law concerning payment of interest to any particular class of claims is
not clear and therefore, even if sufficient funds did exist, the issue of
payment of interest (and the applicable rate of interest, if any) to any
particular class of claims would have to be either consensually resolved in a
plan of reorganization or would have to be adjudicated by a court of competent
jurisdiction.
No plan of reorganization negotiations which include the Trustee are now
being conducted. However, in light of the settlements to date reached in the
Litigation and in light of the December 16, 1996 supplementary claim deadline,
the Company is now in the position to begin the process of formulating and
proposing a plan of reorganization. Plan negotiations with creditors will not
begin at the earliest for several weeks and it will be several months, if not
substantially more, before any creditor with an allowed claim can anticipate
receiving any distribution from the estate.
For a discussion of some of the claims against the estate, see Section VII
of the Trustee's Fourth Annual Report for the period from July 1, 1995 through
June 30, 1996. Claims of the bondholders (debenture holders) may be subordinate
in payment priority to the claims of banks and those creditors similarly
situated. The Trustee is continuing with efforts to resolve claims against the
estate and recently several claim objections have been filed and after hearing
resolved in favor of the estate.
The Trustee has employed the law firm of Weil, Gotshall & Manges, L.L.P.,
with its principal office in New York City, as Special Plan Counsel. The purpose
of the employment includes, but is not limited to, advising the Trustee
concerning tax issues and assisting the Trustee and his General Counsel
concerning a plan of reorganization and issues relating thereto.
<PAGE>
Statement of Chapter 11 Trustee
Roger G. Segal, Chapter 11 Trustee of the bankruptcy case of Bonneville
Pacific Corporation, having been so appointed on June 12, 1992, hereby states
that he has reviewed the following Monthly Financial Report and any attachments
thereto and that, based on his review and the representations of officers and
employees of the debtor, Bonneville Pacific Corporation, he believes that the
information contained in the Monthly Financial Report and attachments is true
and correct. However, neither Roger G. Segal, Chapter 11 Trustee, nor Neilson,
Elggren, Durkin & Company, as accountants for Roger G. Segal, Chapter 11
Trustee, has had an opportunity to independently verify that the information
contained in the following Monthly Financial Report and the attachments thereto
is true and correct.
DATED this 15th day of December 1996.
---------------------------------------
Roger G. Segal, Chapter 11 Trustee
-4-
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Cash Receipts and Disbursements Statement
For Period November 1 - November 30, 1996
- ------------------------------------------------------------------------------
CASH RECONCILIATION
1. Beginning Cash Balance: 130,057,802.11
2. Cash Receipts: (See Page 2 of 2)105 237,767.80
3. Cash Disbursements: (See Page 2 of 2) (11,906,288.46)
--------------
4. Net Cash Flow: (11,668,520.66)
5. Ending Cash Balance: (to Form 2-C) $118,389,281.45
CASH ACCOUNT SUMMARY - ENDING BALANCES
ACCOUNT AMOUNT FINANCIAL INSTITUTION
PAYROLL ACCOUNT $1,014.06 FIRST SECURITY/BANK OF UTAH
PAYROLL TAX ACCOUNT 352.72 KEY BANK OF UTAH
GENERAL CORP CASH (107,409.77) KEY BANK OF UTAH
CHPTR 11 TRUSTEE JOINT ACCT 4,083,456.90 (A) KEY BANK OF UTAH
CHPTR 11 US TRUSTEE JT ACCT 0.00 (A) US BANK
CHPTR 11 TRUSTEE - CD ACCT 10,838,290.64 (A) US BANK
CHPTR 11 TRUSTEE - JNT CD 5,273,014.77 (A) KEY BANK OF UTAH
CHPTR 11 TRUSTEE JOINT ACCT 5,151,590.83 (A) BANK ONE
CHPTR 11 TRUSTEE JT SAVINGS 348,081.71(A) BANK ONE
UNITED STATES TREASURY BONDS 92,609,028.79 BANK ONE
PROCEEDS FROM ASSET SALES 3,967.52(A) KEY BANK OF UTAH
KYOCERA MAINTENANCE RESERVE 187,893.28 KEY BANK OF UTAH
--------------
$118,389,281.45
===============
(A) Accounts requiring signatures of both the US Trustee and Chapter 11
Trustee for disbursements.
FORM 2-B
Page 1 of 2
-4-
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Cash Receipts and Disbursements Statement
For Period November 1 - November 30, 1996
- -----------------------------------------------------------------------------
CASH RECEIPTS JOURNALS
BANK ACCOUNT TOTAL PAGE REF
PAYROLL ACCOUNT $20,232.40 A
PAYROLL TAX ACCOUNT 8,912.82 B
GENERAL CORP CASH 81,352.46 C
CHPTR 11 TRUSTEE JOINT ACCT 3,742,449.56 E
CHPTR 11 US TRUSTEE JT ACCT 9,768.98 F
CHPTR 11 TRUSTEE - CD ACCT 67,530.06 G
CHPTR 11 TRUSTEE - JNT CD 64,606.27 H
CHPTR 11 TRUSTEE JOINT ACCT 0.00 N/A
CHPTR 11 TRUSTEE JT SAVINGS 1,351.80 I
UNITED STATES TREASURY BONDS 0.00 N/A
PROCEEDS FROM ASSET SALES 10.23 J
KYOCERA MAINTENANCE RESERVE 11,817.19 K
4,008,031.77
LESS: ACCOUNT TRANSFERS (3,770,263.97)
TOTAL CASH RECEIPTS $237,767.80
===========
CASH DISBURSEMENTS JOURNALS
BANK ACCOUNT TOTAL PAGE REF
PAYROLL ACCOUNT $20,265.78 A
PAYROLL TAX ACCOUNT 8,917.39 B
GENERAL CORP CASH 583,048.58 D
CHPTR 11 TRUSTEE JOINT ACCT 43.51 E
CHPTR 11 US TRUSTEE JT ACCT 15,064,277.17 F
CHPTR 11 TRUSTEE - CD ACCT 0.00 G
CHPTR 11 TRUSTEE - JNT CD 0.00 H
CHPTR 11 TRUSTEE JOINT ACCT 0.00 N/A
CHPTR 11 TRUSTEE JT SAVINGS 0.00 I
UNITED STATES TREASURY BONDS 0.00 N/A
PROCEEDS FROM ASSET SALES 0.00 J
KYOCERA MAINTENANCE RESERVE 0.00 K
15,676,552.43
LESS: ACCOUNT TRANSFERS (3,770,263.97)
TOTAL CASH DISBURSEMENTS $11,906,288.46
==============
FORM 2-B
Page 2 of 2
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Payroll Account
For Period November 1 - November 30, 1996
- -------------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/13/96 CK# 5976 BPC - GENERAL $10,269.81 PAYROLL TRANSFER
11/25/96 CK# 6003 BPC - GENERAL 9,962.59 PAYROLL TRANSFER
TOTAL CASH RECEIPTS $20,232.40
==========
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
11/15/96 PAYROLL SUMMARY $10,269.81
11/30/96 PAYROLL SUMMARY 9,962.59
11/30/96 BNK STMT KEY BANK OF UTAH 33.38 SERVICE CHARGE
TOTAL CASH DISBURSEMENTS $20,265.78
==========
Page 2 of 2
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Payroll Tax Account
For Period November 1 - November 30, 1996
- ------------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/13/96 CK# 5977 BPC - GENERAL $4,536.18 PR TAX TRANSFER
11/25/96 CK# 6004 BPC - GENERAL 4,376.64 PR TAX TRANSFER
---------
TOTAL CASH RECEIPTS $8,912.82
=========
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
11/13/96 CK# 1213 KEY BANK OF UTAH $3,765.72 FEDERAL TAX DEPOSIT
11/25/96 CK# 1214 KEY BANK OF UTAH 3,634.37 FEDERAL TAX DEPOSIT
11/25/96 CK# 1215 UTAH STATE TAX COMM. 1,512.73 STATE INCOME TAX
11/30/96 BNK STMT KEY BANK OF UTAH 4.57 SERVICE CHARGE
TOTAL CASH DISBURSEMENTS $8,917.39
=========
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
General Corp Cash
For Period November 1 - November 30, 1996
- ------------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
11/22/96 DS112296 BANK OF AMERICA $10.00 ESOP FEE REFUND
11/22/96 DS112296 ERNST & YOUNG 26,764.00 FEE DISGORGEMENT
11/22/96 DS112296 KYOCERA AMERICA 50,322.94 ENERGY REVENUE-KYOCERA
11/22/96 DS112296 D. GARDINER 369.59 INSURANCE REIMBURSEMENT
11/22/96 DS112296 BONNEVILLE NEVADA 1,221.28 EXPENSE REIMBURSEMENT
11/22/96 DS112296 SAN DIEGO GAS/ELEC. 1,208.41 ENERGY REVENUE-KYOCERA
11/22/96 DS112296 C. MOWER 10.75 EXPENSE REIMBURSEMENT
11/30/96 BNK STMT KEY BANK OF UTAH 1,445.49 INTEREST INCOME
TOTAL CASH RECEIPTS $81,352.46
===========
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
General Corp Cash
For Period November 1 - November 30, 1996
- ------------------------------------------------------------------------------
CASH DISBURSEMENTS JOURNAL
<TABLE>
<CAPTION>
DATE CHECK # PAYEE AMOUNT DESCRIPTION
<S> <C> <C> <C> <C>
11/01/96 1005951 TUSCANY 250.00 EMPLOYEE PARTY DEPOSIT
11/01/96 1005952 ALPHA GRAPHICS 866.99 OFFICE SUPPLIES & EXPENSE
11/05/96 1005953 50 WEST BROADWAY ASSOC INC 12,413.00 RENT OFFICE SPACE & PARKING
11/05/06 1005954 AIRBORNE EXPRESS 33.18 EXPRESS MAIL EXPENSE
11/05/96 1005955 AMPCO SYSTEM PARKING 591.00 RENT - PARKING
11/05/96 1005956 BENEFICIAL LIFE INSURANCE 714.90 INSURANCE - LIFE
11/05/96 1005957 BONNEVILLE PACIFIC SERVICE 315.25 O&M EXPENSE - KYOCERA
11/05/96 1005958 BPC-KYOCERA MAINT RESERVE 11,195.00 TRANSFER - MAINT RESERVE ACCT
11/05/96 1005959 FIDELITY INVESTMENTS/NFSC 60.75 OFFICE SUPPLIES & EXPENSE
11/05/96 1005960 FRONTIER COMMUNICATIONS SR 725.43 TELEPHONE EXPENSE
11/05/96 1005961 INSTY PRINTS INC 83.31 OFFICE SUPPLIES & EXPENSE
11/05/06 1005962 MOUNT OLYMPUS WATER 34.70 OFFICE SUPPLIES & EXPENSE
11/05/96 1005963 PITNEY BOWES INC 160.78 OFFICE SUPPLIES & EXPENSE
11/05/96 1005964 PRINTELLIGENT INC 90.21 OFFICE SUPPLIES & EXPENSE
11/05/96 1005965 REDMAN VAN & STORAGE CO IN 84.87 RENT-STORAGE SPACE
11/05/96 1005966 UNUM LIFE INSURANCE CO OF 1,469.73 INSURANCE DISABILITY
11/05/96 1005967 WELLS FARGO BANK 1,483.38 401K TRUST FEES
11/05/96 1005968 GLASSER LEGAL WORKS SEMINAR 875.00 CONFERENCES AND SEMINARS
11/12/96 1005969 GENERATOR POWER SYSTEMS INC 16,016.9O O&M EXPENSE - KYOCERA
11/12/96 1005970 INSTY PRINTS INC 67.92 OFFICE SUPPLIES & EXPENSE
11/12/96 1005971 REDMAN VAN & STORAGE CO IN 532.81 RENT - STORAGE SPACE
11/12/96 1005972 SEDGWICK JAMES OF COLORADO 40.00 INSURANCE FIDELITY CHARGE
11/12/96 1005973 UNITED PARCEL SERVICE 16.34 EXPRESS MAIL EXPENSE
<PAGE>
11/12/96 1005974 VOID VOID VOID
11/12/96 1005975 WEDBUSH MORGAN SECURITIES 128.10 OFFICE SUPPLIES & EXPENSE
11/13/96 1005976 BONNEVILLE PACIFIC/PAYROLL 10,269.81 TRANSFER - PAYROLL ACCT
11/13/96 1005977 BPC PAYROLL TAX ACCOUNT 4,536.18 TRANSFER - PAYROLL TAX ACCT
11/13/96 1005978 WELLS FARGO BANK 788.67 401K CONTRIBUTIONS
1005979 VOID VOID VOID
11/13/96 1005980 US TRUSTEE 5,000.00 3RD QUARTER TRUSTEE FEE
11/18/96 1005981 VOID VOID VOID
11/18/96 1005982 NATIONAL PASSPORT CENTER 85.00 OFFICE SUPPLIES & EXPENSE
11/18/96 1005983 ALPHA GRAPHICS 254.70 OFFICE SUPPLIES & EXPENSE
11/20/96 BANK STMT RECEIVER GENERAL FOR CANADA 38.68 BONNE MCKENZIE ANNUAL RPT
11/22/96 1005984 AIRBORNE EXPRESS 124.00 EXPRESS MAIL EXPENSE
11/22/96 1005985 A T & T 11.38 TELEPHONE EXPENSE
11/22/96 1005986 EXPRESS MESSENGER SYSTEMS 5.00 RUNNER SERVICES
11/22/96 1005987 MICRON ELECTRONICS INC 5,333.88 EQUIPMENT PURCHASE
11/22/96 1005988 MOUNT OLYMPUS WATER 45.31 OFFICE SUPPLIES & EXPENSE
11/22/96 1005989 MOUNTAIN STATES OFF PRODCT 152.82 OFFICE SUPPLIES & EXPENSE
11/22/96 1005990 CLARK MOWER 810.21 TRAVEL REIMBURSEMENT
11/22/96 1005991 NATIONAL INFORMATION DATA 36.90 OFFICE SUPPLIES & EXPENSE
11/22/96 1005992 THE PRUDENTIAL 948.97 INSURANCE -DISABILITY
</TABLE>
D-1
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
General Corp Cash
For Period November 1 - November 30, 1996
- -------------------------------------------------------------------------------
CASH DISBURSEMENTS JOURNAL (CONT.)
<TABLE>
<CAPTION>
DATE CHECK # PAYEE AMOUNT DESCRIPTION
<S> <C> <C> <C> <C>
11/22/96 1005993 PRUDENTIAL SECURITIES 110.50 OFFICE SUPPLIES & EXPENSE
11/22/96 1005994 SAN DIEGO GAS & ELECTRIC 101.26 O&M EXPENSE - KYOCERA
11/22/96 1005995 SECRETARY OF STATE-NEVADA 85.00 OFFICE SUPPLIES & EXPENSE
11/22/96 1005996 SMITH BARNEY PROXY DEPARTMENT 212.50 OFFICE SUPPLIES & EXPENSE
11/22/96 1005997 TRAVEL ZONE CRUISE ZONE 3,563.97 TRAVEL EXPENSE
11/22/96 1005998 BRENDA L. TRIMBLE 271.20 TRAVEL REIMBURSEMENT
11/22/96 1005999 UNUM LIFE INSURANCE CO OF 1,553.55 INSURANCE - DISABILITY
11/22/96 1006000 US WEST COMMUNICATIONS 896.15 TELEPHONE EXPENSE
11/22/96 1006001 WATERHOUSE SECURITIES INC 85.00 OFFICE SUPPLIES & EXPENSE
11/22/96 1006002 XEROX CORPORATION 464.34 OFFICE SUPPLIES & EXPENSE
11/25/96 1006003 BONNEVILLE PACIFIC/PAYROLL 9,962.59 TRANSFER - PAYROLL ACCT
11/25/96 1006004 BPC PAYROLL TAX ACCOUNT 4,376.64 TRANSFER - PAYROLL TAX ACCT
11/25/96 1006005 WELLS FARGO BANK 788.67 401K CONTRIBUTIONS
11/25/96 1006006 SEDGWICK JAMES OF COLORADO 7,135.00 INSURANCE - GENERAL LIABILITY
11/25/96 1006007 ROGER G. SEGAL 66,633.85 PROFESSIONAL FEES & COSTS
11/25/96 1006008 COHNE RAPPAPORT & SEGAL PC 239,203.12 PROFESSIONAL FEES & COSTS
11/25/96 1006009 NEILSON ELGGREN DURKIN 170,743.95 PROFESSIONAL FEES & COSTS
11/30/96 BANK STMT KEY BANK 170.19 INTEREST INCOME
------------
TOTAL CASH DISBURSEMENTS $583,048.58
===========
</TABLE>
D-2
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Chapter 11 Trustee Joint Account
For Period November 1 - November 30, 1996
- -------------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/30/96 AJE1126 BONNEVILLE PACIFIC CORP $3,729,923.75 TRANSFER
11/30/96 BNK STMT KEY BANK OF UTAH 12,525.81 INTEREST INCOME
TOTAL CASH RECEIPTS $3,742,449.56
=============
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
11/30/96 BANK STMT KEY BANK OF UTAH $43.51 BANK SERVICE CHARGE
E
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Chapter 11 US Trustee Joint Account
For Period November 1 - November 30, 1996
- -----------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/30/96 BANK STMT US BANK $9,768.98 INTEREST INCOME
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
11/30/96 AJE1125 BEUS GILBERT & MORRILL $11,334,353.42 PROFESSIONAL FEES PMT
11/30/96 AJE1126 BONNEVILLE PACIFIC CORP 3,729,923.75 TRANSFER
TOTAL CASH DISBURSEMENTS $15,064,277.17
==============
F
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Chapter 11 Trustee - CD Account
For Period November 1 - November 30, 1996
- ------------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/30/96 AJE1107 US BANK $67,530.06 INTEREST INCOME
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
NONE
G
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Chapter 11 Trustee JT - CD Account
For Period November 1 - November 30, 1996
- ------------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/30/96 AJE1106 KEY BANK $64,606.27 INTEREST INCOME
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
H
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Chapter 11 Trustee JT Savings
For Period November 1 - November 30, 1996
- ------------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/30/96 BANK STMT BANK ONE $1,351.80 INTEREST INCOME
CASH DISBURSEMENTS JOURNAL
DAT DOC # PAYEE AMOUNT DESCRIPTION
NONE
I
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Proceeds From Asset Sales
For Period November 1 - November 30, 1996
- -----------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/30/96 BANK STMT KEY BANK OF UTAH $10.23 INTEREST INCOME
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
NONE
J
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Kyocera Maintenance Reserve
For Period November 1 - November 30, 1996
- ------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/01/96 CK# 5958 BONNEVILLE PACIFIC CORP $11,195.00 TRANSFER
11/30/96 BNK STMT KEY BANK OF UTAH 622.19 INTEREST INCOME
TOTAL CASH RECEIPTS $11,817.19
==========
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
K
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Balance Sheet
As of November 30, 1996
- ------------------------------------------------------------------------------
ASSETS
Current Assets:
Cash $118,389,281
Accounts receivable - trade 33,819
Accounts receivable - settlements (Note 4) 4,300,000
Accounts receivable - affiliates 280,838
Prepaid Insurance 48,747
Accrued interest receivable 1,217,379
------------
Total current assets $124,270,064
Fixed Assets:
Land 198,424
Equipment, furniture and fixtures 3,748,302
Total fixed assets 3,946,726
Less: Accumulated depreciation (2,937,990)
Net fixed assets 1,008,736
Other Assets:
Investment in and advances to subsidiaries
and partnership 29,163,926
Other assets 1,820
Total other asset 29,165,746
TOTAL ASSETS $154,444,546
LIABILITIES
Post-petition liabilities:
Accounts payable - trade $ 30,486
Accounts payable - professional fees
and costs (Note 4) 2,170,986
Accrued income taxes payable (Note 5) 1,172,656
Taxes payable 90,897
Accrued interest 0
------------
Total post-petition liabilities $3,465,025
<PAGE>
Pre-petition liabilities:
Priority claims 61,186
Secured debt 0
Unsecured debt (Notes 1 and 3) 101,200,994
------------
Total pre-petition liabilities 101,262,180
TOTAL LIABILITIES 104,727,205
Commitments and Contingent Liabilities (Note 3)
OWNERS' EQUITY
Capital stock or owners' investment 213,752
Paid-in-capital 121,590,029
Treasury stock (2,308,255)
Retained earnings:
Pre-petition (56,551,908)
Post-petition (13,226,277)
TOTAL OWNERS' EQUITY (Notes 1 and 3) 49,717,341
TOTAL LIABILITIES AND OWNERS' EQUITY $154,444,546
============
Form 2-C
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Profit and Loss Statement
For Period November 1 - November 30, 1996
- ----------------------------------------------------------------------------
Goss operating revenue $ 120,040
Less discount, returns and allowances 0
----------
Net operating revenue $ 120,040
Cost of goods sold (113,204)
Gross profit 6,836
Operating expenses:
Salaries and wages 29,951
Rent and leases 12,263
Payroll taxes 1,491
Insurance 3,702
Other 10,732
----------
Total operating expenses (58,139)
-----------
Operating income (loss) (51,303)
Legal and professional fees and costs
(Note 4) 139,755
Depreciation, depletion and amortization 59,423
Interest expense 0
----------
Total (199,178)
Net operating income (loss) (250,481)
Non-operating income and (expenses):
Interest income 516,878
Other income 2,568
Gain on settlement of claims 9,065
Equity in earnings (losses) of subsidiaries
and partnerships (Note 2) 242,182
----------
Net non-operating income or (expenses) 770,693
---------
Net income (loss) before income taxes 520,212
Provision for income taxes (Note 5) 182,000
-----------
NET INCOME (LOSS) $ 338,212
===========
Form 2-D
Page 1 of 3
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
General Notes to Financial Statements
For Period November 1 to November 30, 1996
- ------------------------------------------------------------------------------
1. The Balance Sheet and Income Statement of Bonneville Pacific
Corporation, included in the Monthly Financial Report, are
prepared on the accrual basis. As a result, revenues are
generally recorded when earned rather than when received and
expenses are generally recognized when the obligation is
incurred rather than when the expenses are paid. During
bankruptcy accrued interest payable is recorded only on post
petition debt and pre-petition secured debt to the extent
that the underlying collateral equals or exceeds the
outstanding principal plus the accrued interest payable.
Specifically, prepetition unsecured debt does not include
-------------------------------------------
any accrual of interest after December 5, 1991. These
----------------------------------------------
financial statements are prepared in a format required by
the U.S. Bankruptcy Code. While every effort is made to
comply with generally accepted accounting principles (GAAP),
these financial statements may not comply with GAAP in all
respects. Also see the narrative which is attached hereto.
2. Equity in earnings of subsidiaries and partnerships
represents an accrual of the Company's share of earnings or
losses of its operating subsidiaries and partnerships.
These earnings are affected by a number of factors including
seasonality, operating costs and operating efficiency. The
operating entities which comprise these earnings include
Bonneville Pacific Services Company, Bonneville Fuels
Corporation, and Bonneville Nevada Corporation through its
investment in the NCA #1 Partnership.
3. Unrecorded Liabilities and Potential Claims.
Deeply subordinated claims $14,945,000
Subordinated CIGNA claim 10,000,000
Potential claims (estimated) 125,000,000
Deeply subordinated claims are court approved claims in which the creditor
has agreed to be subordinated to all other claims. The subordinated CIGNA
claim is an allowed
<PAGE>
claim on par with allowed equity claims. Potential claims are unrecorded
claims pending trustee and or court approval. This estimated amount
includes but is not limited to potential claims of limited partners,
potential claims of equity holders, claims against Bonneville arising out
of the purchase and subsequent sale of its securities, disputed claims,
and accrued interest on certain claims, and potential administrative fees
as may be allowed by the Bankruptcy Court. The recording of any of these
liabilities and potential claims may reduce equity by a corresponding
amount. See narrative for information concerning the December 16, 1996
supplemental claims bar deadline.
Form 2-D
Page 2 of 3
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
General Notes to Financial Statements
For Period November 1 to November 30, 1996
- ------------------------------------------------------------------------------
4. Accounts Receivable Settlements represent only court approved settlements
where all conditions precedent have occurred and the settlements were
fully effective as of November 30, 1996 and are reflected on the November
30, 1996 Financial Statements.
5. As of April 30, 1995, Bonneville and Subsidiaries had approximately
$124,000,000 in federal net operating loss carryforwards and approximately
$114,000,000 in alternative minimum tax loss carryforwards for Federal
Income Tax purposes. The April 30, 1996 tax return for Bonneville Pacific
and Subsidiaries is currently being prepared by the Trustee's accountants.
Although this tax return is not yet complete it is estimated that the tax
return will show a federal net operating loss carryforward of approximately
$100,000,000 for regular income tax purposes and an alternative minimum tax
loss carryforward of approximately $90,000,000. Pursuant to current tax
law, only 90 percent of current alternative minimum taxable income can be
offset by alternative minimum tax loss carryforwards. The financial
statements reflect the accrual of an estimated $2,300,000 alternative
minimum tax liability resulting from operations and the receipt of proceeds
from settlements.
Form 2-D
Page 3 of 3
<PAGE>
BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Taxes Payable Schedule (Post-Petition)
For Period November 1 to November 30, 1996
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Beginning Payments Date Check Ending
Balance Adjustments Additions Deposits Paid Numb. Balance
<S> <C> <C> <C> <C> <C> <C>
Income tax withheld:
Federal $ -0- $ $ (4,417.53) $2,241.28 11/13/96 1213
2,176.25 11/25/96 1214 $ -0-
State -0- (1,512.73) 1,512.73 11/25/96 1215 -0-
FICA tax withheld -0- (1,491.28) 762.22 11/13/96 1213
729.06 11/25/96 1214 -0-
Employer's FICA tax -0- (1,491.28) 762.22 11/13/96 1213
729.06 11/25/96 1214 -0-
Unemployment tax:
Federal -0- -0-
State -0-
Sales, use & excise taxes -0- -0-
Property taxes (88,680.00) (2,217.00) (90,897.00)
Accrued income tax:
Federal (1,167,399.00) (182,000.00) (1,349,399.00)
State 176,743.00 176,743.00
Delaware franchise tax -0- -0-
Employee withholding -0- (1,577.34) 788.67 11/13/96 1005978 -0-
788.67 11/25/96 1006005
--------------- ----------- ------------- __________ _________________
TOTALS $(1,079,336.00) $ -0- $(194,707.16) $ 10,490.16 $(1,263,553.00)
============== =========== ============== =========== ==============
</TABLE>
<PAGE>
9EBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Insurance Schedule
For Period November 1 to November 30, 1996
- ------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Policy
Amount of Expiration Premium Paid
Carrier/Agent Coverage Date Thru Date
<S> <C> <C> <C>
Worker's Compensation Various State Funds Statutory
$1,000,000 (A) 11/30/96
General Liability Travelers Insurance/
Sedgwick James 5,000,000 06/06/97 06/06/97
Vehicles Travelers Insurance/
[Hired/Non-owned] Sedgwick James 5,000,000 06/06/97 06/06/97
Property:
Bonneville Pacific Federal Insurance Co./
Sedgwick James 735,000 08/17/96 08/17/97
Kyocera Federal/Hartford Steam/
Sedgwick James 5,352,879 08/17/96 08/17/97
</TABLE>
(A) All workers compensation insurance policies are insured through various
state insurance funds. As such, they continue in force as premiums are
paid and have no policy expiration dates.
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Accounts Receivable and Payable Aging
For Period November 1 to November 30, 1996
- ----------------------------------------------------------------------------
Non-Affiliate
Accounts Accounts
Receivable Payable
Under 30 days $ 4,333,183 $ 1,924,558
30 to 60 days 17 0
61 to 90 days 3 0
Over 90 days 616 276,914
----------- -----------
Total post-petition 4,333,819 2,201,472
Pre-petition amounts 0 3,937,435
----------- -----------
Total accounts receivable $ 4,333,819
===========
Total accounts payable $ 6,138,907
===========
Affiliate
Accounts
Receivable
Under 30 days $ 26,963
30 to 60 days 7,043
61 to 90 days 21,394
Over 90 days 225,438
-----------
Total post-petition affiliate
accounts receivable $ 280,838
===========
(*) Accounts payable over 90 days past due primarily represents professional
fees incurred prior to the Trustee's appointment currently being
considered by the court for payment.
Form 2-E
Page 3 of 5
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Schedule of Payments of Fees and Costs to Attorneys and Other Professionals
For Period November 1 to November 30, 1996
- -------------------------------------------------------------------------------
Date of
Court Estimated
Amount Paid Approval Balance Due
Counsel for Unsecured
Creditors' Committee $0 $139,487
Court Appointed Trustee 66,634 25,762 (1)
Trustee's Counsel 239,203 90,144 (1)
Trustee's Accountants 170,744 37,939
Trustee's Special Plan Counse 0 130,000
Special Litigation Counsel for
Trustee - Costs 655,956 195,801
Trustee - Fees 10,678,397 1,419,000 (2)
Buccino and Associates 0 132,85 (3)
Total $11,810,934 $2,170,986
============ ==========
(1) Includes only hourly rate and miscellaneous Trustee costs. Does not
include any additional amounts that may be awarded by the court relating
to 11 USC Section 326 or as an enhanced fee to either the Trustee or the
Trustee's general counsel.
(2) Includes an accrual for any contingent fees due as a result of court
approved settlements or recoveries. Estimated contingent fees will be
accrued when settlements are approved by the court and the accrual will
be revised when fee applications are filed with the Bankruptcy Court.
(3) Pursuant to Order dated October 15, 1996, the Court approved the
application for certain costs in the amount of $60,297.24 of
Buccino & Associates taken under advisement at a hearing held
on August 11, 1992. Payment of the $60,297.24 was ordered but
Buccino & Associates was paid an $80,000.00 pre-petition retainer,
for which it may not have accounted and therefore the amount actually
due and owing to Buccino & Associates is undetermined.
Further information concerning settlements is contained in the narrative
which is attached.
Form 2-E
Page 4 of 5
<PAGE>
DEBTOR: BONNEVIllE PACIFIC CORPORATION
Case No. 91A-27701
Schedule of Payments to Principal/Executives
For Period November 1 to November 30, 1996
- -------------------------------------------------------------------------------
Payee Name Position Nature of Payment Amount
Ralph F Cox Director Director fees -0-
Calvin L Rampton Director Director fees -0-
Clark M Mower President Salary 12,014.60
Expense Reimbursement 810.21
Form 2-E
Page 6 of 6
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Quarterly Fee Summary (1)
Month Ended November 30, 1996
- ------------------------------------------------------------------------------
Cash Quarterly Payment
Disbursement Fee Due Check No. Date
January $1,328,436.60
February 250,804.29
March 2,301,171.04
-------------
Total 1st Quarter 3,880,411.93 $5,000.00 1005634 4/23/96
April 262,428.76
May 113,914.30
June 793,980.15
-------------
Total 2nd Quarter 1,170,323.21 3,750.00 1005783 7/25/96
July 4,435,215.07
August 1,092,955.09
September 3,406,763.83
-------------
Total 3rd Quarter 38,934,933.99 5,000.00 1005980 11/13/96
October 1,792,229.61
November 11,800,656.99
December
-------------
Total 4th Quarter 13,592,886.60
(1) This summary is to reflect the current calendar year's information
cumulative to the end of the current reporting period.
DEBTOR BONNEVILLE PACIFIC CORPORATION
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Cash Receipts and Disbursements Statement
For Period November 1 - November 30, 1996
- -----------------------------------------------------------------------------
CASH RECONCILIATION
1. Beginning Cash Balance: $130,057,802.11
2. Cash Receipts: (See Page 2 of 2)105 237,767.80
3. Cash Disbursements: (See Page 2 of 2) (11,906,288.46)
4. Net Cash Flow: (11,668,520.66
5. Ending Cash Balance: (to Form 2-C) $118,389,281.45
===============
CASH ACCOUNT SUMMARY - ENDING BALANCES
ACCOUNT AMOUNT FINANCIAL INSTITUTION
PAYROLL ACCOUNT $1,014.06 FIRST SECURITY BANK OF UTAH
PAYROLL TAX ACCOUNT 352.72 KEY BANK OF UTAH
GENERAL CORP CASH (107,409.77) KEY BANK OF UTAH
CHPTR 11 TRUSTEE JOINT ACCT 4,083,456.90 (A) KEY BANK OF UTAH
CHPTR 11 US TRUSTEE JT ACCT 0.00 (A) US BANK
CHPTR 11 TRUSTEE - CD ACCT 10,838,290.64 (A) US BANK
CHPTR 11 TRUSTEE - JNT CD 5,273,014.77 (A) KEY BANK OF UTAH
CHPTR 11 TRUSTEE JOINT ACCT 5,151,590.83 (A) BANK ONE
CHPTR 11 TRUSTEE JT SAVINGS 348,081.71 (A) BANK ONE
UNITED STATES TREASURY BONDS 92,609,028.79 BANK ONE
PROCEEDS FROM ASSET SALES 3,967.52 (A) KEY BANK OF UTAH
KYOCERA MAINTENANCE RESERVE 187,893.28 (A) KEY BANK OF UTAH
$118,389,281.45
===============
(A) Accounts requiring signatures of both the US Trustee and Chapter 11 Trustee
for disbursements.
<PAGE>
FORM 2-B
Page 1 of 2
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Cash Receipts and Disbursements Statement
For Period November 1 - November 30, 1996
- -----------------------------------------------------------------------------
CASH RECEIPTS JOURNALS
BANK ACCOUNT TOTAL PAGE REF
PAYROLL ACCOUNT $20,232.40 A
PAYROLL TAX ACCOUNT 8,912.82 B
GENERAL CORP CASH 81,352.46 C
CHPTR 11 TRUSTEE JOINT ACCT 3,742,449.56 E
CHPTR 11 US TRUSTEE JT ACCT 9,768.98 F
CHPTR 11 TRUSTEE - CD ACCT 67,530.06 G
CHPTR 11 TRUSTEE - JNT CD 64,606.27 H
CHPTR 11 TRUSTEE JOINT ACCT 0.00 N/A
CHPTR 11 TRUSTEE JT SAVINGS 1,351.80 I
UNITED STATES TREASURY BONDS 0.00 N/A
PROCEEDS FROM ASSET SALES 10.23 J
KYOCERA MAINTENANCE RESERVE 11,817.19 K
4,008,031.77
LESS: ACCOUNT TRANSFERS (3,770,263.97)
TOTAL CASH RECEIPTS $237,767.80
===========
CASH DISBURSEMENTS JOURNALS
BANK ACCOUNT TOTAL PAGE REF
PAYROLL ACCOUNT $20,265.78 A
PAYROLL TAX ACCOUNT 8,917.39 B
GENERAL CORP CASH 583,048.58 D
CHPTR 11 TRUSTEE JOINT ACCT 43.51 E
CHPTR 11 US TRUSTEE JT ACCT 15,064,277.17 F
CHPTR 11 TRUSTEE - CD ACCT 0.00 G
CHPTR 11 TRUSTEE - JNT CD 0.00 H
CHPTR 11 TRUSTEE JOINT ACCT 0.00 N/A
CHPTR 11 TRUSTEE JT SAVINGS 0.00 I
UNITED STATES TREASURY BONDS 0.00 N/A
PROCEEDS FROM ASSET SALES 0.00 J
KYOCERA MAINTENANCE RESERVE 0.00 K
15,676,552.43
LESS: ACCOUNT TRANSFERS (3,770,263.97)
TOTAL CASH DISBURSEMENTS $11,906,288.46
FORM 2-B
Page 2 of 2
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Payroll Account
For Period November 1 - November 30, 1996
- -------------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/13/96 CK# 5976 BPC - GENERAL $10,269.81 PAYROLL TRANSFER
11/25/96 CK# 6003 BPC - GENERAL 9,962.59 PAYROLL TRANSFER
TOTAL CASH RECEIPTS $20,232.40
==========
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
11/15/96 PAYROLL SUMMARY $10,269.81
11/30/96 PAYROLL SUMMARY 9,962.59
11/30/96 BNK STMT KEY BANK OF UTAH 33.38 SERVICE CHARGE
TOTAL CASH DISBURSEMENTS $20,265.78
==========
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Payroll Tax Account
For Period November 1 - November 30, 1996
- -----------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/13/96 CK# 5977 BPC - GENERAL $4,536.18 PR TAX TRANSFER
11/25/96 CK# 6004 BPC - GENERAL 4,376.64 PR TAX TRANSFER
TOTAL CASH RECEIPTS $8,912.82
=========
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
11/13/96 CK# 1213 KEY BANK OF UTAH $3,765.72 FEDERAL TAX DEPOSIT
11/25/96 CK# 1214 KEY BANK OF UTAH 3,634.37 FEDERAL TAX DEPOSIT
11/25/96 CK# 1215 UTAH STATE TAX COMMISSION 1,512.73 STATE INCOME TAX
11/30/96 BNK STMT KEY BANK OF UTAH 4.57 SERVICE CHARGE
TOTAL CASH DISBURSEMENTS $8,917.39
=========
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
General Corp Cash
For Period November 1 - November 30, 1996
- ------------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
11/22/96 DS112296 BANK OF AMERICA $10.00 ESOP FEE REFUND
11/22/96 DS112296 ERNST & YOUNG 26,764.00 FEE DISGORGEMENT
11/22/96 DS112296 KYOCERA AMERICA 50,322.94 ENERGY REVENUE-KYOCERA
11/22/96 DS112296 D. GARDINER 369.59 INSURANCE REIMBURSEMENT
11/22/96 DS112296 BONNEVILLE NEVADA 1,221.28 EXPENSE REIMBURSEMENT
11/22/96 DS112296 SAN DIEGO GAS & ELECTRIC 1,208.41 ENERGY REVENUE-KYOCERA
11/22/96 DS112296 C. MOWER 10.75 EXPENSE REIMBURSEMENT
11/30/96 BNK STMT KEY BANK OF UTAH 1,445.49 INTEREST INCOME
TOTAL CASH RECEIPTS $81,352.46
==========
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
General Corp Cash
For Period November 1 - November 30, 1996
- -------------------------------------------------------------------------------
CASH DISBURSEMENTS JOURNAL
<TABLE>
<CAPTION>
DATE CHECK # PAYEE AMOUNT DESCRIPTION
<S> <C> <C> <C> <C>
11/01/96 1005951 TUSCANY 250.00 EMPLOYEE PARTY DEPOSIT
11/01/96 1005952 ALPHA GRAPHICS 866.99 OFFICE SUPPLIES & EXPENSE
11/05/96 1005953 50 WEST BROADWAY ASSOC INC 12,413.00 RENT OFFICE SPACE & PARKING
11/05/06 1005954 AIRBORNE EXPRESS 33.18 EXPRESS MAIL EXPENSE
11/05/96 1005955 AMPCO SYSTEM PARKING 591.00 RENT - PARKING
11/05/96 1005956 BENEFICIAL LIFE INSURANCE 714.90 INSURANCE - LIFE
11/05/96 1005957 BONNEVILLE PACIFIC SERVICE 315.25 O&M EXPENSE - KYOCERA
11/05/96 1005958 BPC-KYOCERA MAINT RESERVE 11,195.00 TRANSFER - MAINT RESERVE ACCT
11/05/96 1005959 FIDELITY INVESTMENTS/NFSC 60.75 OFFICE SUPPLIES & EXPENSE
11/05/96 1005960 FRONTIER COMMUNICATIONS SR 725.43 TELEPHONE EXPENSE
11/05/96 1005961 INSTY PRINTS INC 83.31 OFFICE SUPPLIES & EXPENSE
11/05/06 1005962 MOUNT OLYMPUS WATER 34.70 OFFICE SUPPLIES & EXPENSE
11/05/96 1005963 PITNEY BOWES INC 160.78 OFFICE SUPPLIES & EXPENSE
11/05/96 1005964 PRINTELLIGENT INC 90.21 OFFICE SUPPLIES & EXPENSE
11/05/96 1005965 REDMAN VAN & STORAGE CO IN 84.87 RENT-STORAGE SPACE
11/05/96 1005966 UNUM LIFE INSURANCE CO OF 1,469.73 INSURANCE DISABILITY
11/05/96 1005967 WELLS FARGO BANK 1,483.38 401K TRUST FEES
11/05/96 1005968 GLASSER LEGAL WORKS SEMINAR 875.00 CONFERENCES AND SEMINARS
11/12/96 1005969 GENERATOR POWER SYSTEMS INC 16,016.94 O&M EXPENSE - KYOCERA
11/12/96 1005970 INSTY PRINTS INC 67.92 OFFICE SUPPLIES & EXPENSE
11/12/96 1005971 REDMAN VAN & STORAGE CO IN 532.81 RENT - STORAGE SPACE
11/12/96 1005972 SEDGWICK JAMES OF COLORADO 40.00 INSURANCE FIDELITY CHARGE
11/12/96 1005973 UNITED PARCEL SERVICE 16.34 EXPRESS MAIL EXPENSE
11/12/96 1005974 VOID VOID VOID
11/12/96 1005975 WEDBUSH MORGAN SECURITIES 128.10 OFFICE SUPPLIES & EXPENSE
11/13/96 1005976 BONNEVILLE PACIFIC/PAYROLL 10,269.81 TRANSFER - PAYROLL ACCT
11/13/96 1005977 BPC PAYROLL TAX ACCOUNT 4,536.18 TRANSFER - PAYROLL TAX ACCT
11/13/96 1005978 WELLS FARGO BANK 788.67 401K CONTRIBUTIONS
1005979 VOID VOID VOID
11/13/96 1005980 US TRUSTEE 5,000.00 3RD QUARTER TRUSTEE FEE
11/18/96 1005981 VOID VOID VOID
11/18/96 1005982 NATIONAL PASSPORT CENTER 85.00 OFFICE SUPPLIES & EXPENSE
11/18/96 1005983 ALPHA GRAPHICS 254.70 OFFICE SUPPLIES & EXPENSE
11/20/96 BANK STMT RECEIVER GENERAL FOR CANADA 38.68 BONNE MCKENZIE ANNUAL RPT
11/22/96 1005984 AIRBORNE EXPRESS 124.00 EXPRESS MAIL EXPENSE
11/22/96 1005985 A T & T 11.38 TELEPHONE EXPENSE
11/22/96 1005986 EXPRESS MESSENGER SYSTEMS 5.00 RUNNER SERVICES
11/22/96 1005987 MICRON ELECTRONICS INC 5,333.88 EQUIPMENT PURCHASE
11/22/96 1005988 MOUNT OLYMPUS WATER 45.31 OFFICE SUPPLIES & EXPENSE
11/22/96 1005989 MOUNTAIN STATES OFF PRODCT 152.82 OFFICE SUPPLIES & EXPENSE
11/22/96 1005990 CLARK MOWER 810.21 TRAVEL REIMBURSEMENT
11/22/96 1005991 NATIONAL INFORMATION DATA 36.90 OFFICE SUPPLIES & EXPENSE
11/22/96 1005992 THE PRUDENTIAL 948.97 INSURANCE - DISABILITY
D-1
</TABLE>
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
General Corp Cash
For Period November 1 - November 30, 1996
- ------------------------------------------------------------------------------
CASH DISBURSEMENTS JOURNAL (CONT.)
DATE CHECK # PAYEE AMOUNT DESCRIPTION
11/22/96 1005993 PRUDENTIAL SECURITIES 110.50 OFFICE SUPPLIES/EXPENSE
11/22/96 1005994 SAN DIEGO GAS & ELECTRIC 101.26 O&M EXPENSE - KYOCERA
11/22/96 1005995 SECRETARY OF STATE-NEVADA 85.00 OFFICE SUPPLIES/EXPENSE
11/22/96 1005996 SMITH BARNEY PROXY DEPARTMENT 212.50 OFFICE SUPPLIES/EXPENSE
11/22/96 1005997 TRAVEL ZONE CRUISE ZONE 3,563.97 TRAVEL EXPENSE
11/22/96 1005998 BRENDA L. TRIMBLE 271.20 TRAVEL REIMBURSEMENT
11/22/96 1005999 UNUM LIFE INSURANCE CO OF 1,553.55 INSURANCE - DISABILITY
11/22/96 1006000 US WEST COMMUNICATIONS 896.15 TELEPHONE EXPENSE
11/22/96 1006001 WATERHOUSE SECURITIES INC 85.00 OFFICE SUPPLIES/EXPENSE
11/22/96 1006002 XEROX CORPORATION 464.34 OFFICE SUPPLIES/EXPENSE
11/25/96 1006003 BONNEVILLE PACIFIC/PAYROLL 9,962.59 TRANSFER - PAYROLL ACCT
11/25/96 1006004 BPC PAYROLL TAX ACCOUNT 4,376.64 TRANS.-PAYROLL TAX ACCT
11/25/96 1006005 WELLS FARGO BANK 788.67 401K CONTRIBUTIONS
11/25/96 1006006 SEDGWICK JAMES OF COLORADO 7,135.00 INSURANCE-GENERAL LIAB.
11/25/96 1006007 ROGER G. SEGAL 66,633.85 PROFESSIONAL FEES/COSTS
11/25/96 1006008 COHNE RAPPAPORT & SEGAL 239,203.12 PROFESSIONAL FEES/COSTS
11/25/96 1006009 NEILSON ELGGREN DURKIN 170,743.95 PROFESSIONAL FEES/COSTS
11/30/96 BANK STMT KEY BANK 170.19 INTEREST INCOME
TOTAL CASH DISBURSEMENTS $583,048.58
===========
D-2
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Chapter 11 Trustee Joint Account
For Period November 1 - November 30, 1996
- ----------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/30/96 AJE1126 BONNEVILLE PACIFIC CORP $3,729,923.75 TRANSFER
11/30/96 BNK STMT KEY BANK OF UTAH 12,525.81 INTEREST INCOME
TOTAL CASH RECEIPTS $3,742,449.56
=============
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
11/30/96 BANK STMT KEY BANK OF UTAH $43.51 BANK SERVICE CHARGE
E
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Chapter 11 US Trustee Joint Account
For Period November 1 - November 30, 1996
- --------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/30/96 BANK STMT US BANK $9,768.98 INTEREST INCOME
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
11/30/96 AJE1125 BEUS GILBERT & MORRILL $11,334,353.42 PROF. FEES PMT
11/30/96 AJE1126 BONNEVILLE PACIFIC CORP 3,729,923.75 TRANSFER
TOTAL CASH DISBURSEMENTS $15,064,277.17
==============
F
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Chapter 11 Trustee - CD Account
For Period November 1 - November 30, 1996
- ---------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/30/96 AJE1107 US BANK $67,530.06 INTEREST INCOME
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
NONE
G
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Chapter 11 Trustee JT - CD Account
For Period November 1 - November 30, 1996
- -------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/30/96 AJE1106 KEY BANK $64,606.27 INTEREST INCOME
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
H
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Chapter 11 Trustee JT Savings
For Period November 1 - November 30, 1996
- ------------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/30/96 BANK STMT BANK ONE $1,351.80 INTEREST INCOME
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
NONE
I
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Proceeds From Asset Sales
For Period November 1 - November 30, 1996
- ---------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/30/96 BANK STMT KEY BANK OF UTAH $10.23 INTEREST INCOME
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
NONE
J
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Kyocera Maintenance Reserve
For Period November 1 - November 30, 1996
- -----------------------------------------------------------------------------
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
11/01/96 CK# 5958 BONNEVILLE PACIFIC CORP $11,195.00 TRANSFER
11/30/96 BNK STMT KEY BANK OF UTAH 622.19 INTEREST INCOME
TOTAL CASH RECEIPTS $11,817.19
==========
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
NONE
K
<PAGE>
