<PAGE>
EXHIBIT 99.1
================================================================================
Monthly Operating Report
---------------------------------------------
CASE NAME: Physicians Resource Group, Inc. ACCRUAL Basis
CASE NUMBER: 00-30748-RCM
JUDGE: Robert C. McGuire
---------------------------------------------
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF TEXAS
DALLAS DIVISION
MONTH ENDING: July 31, 2000
I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY
OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING
ATTACHMENTS AND THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF
THE PREPARER IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ Michael Yeary President
--------------------------------------- -------------------------------------
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE
Michael Yeary 20-Aug-00
--------------------------------------- -------------------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
/s/ Karen G. Nicolaou Controller - Secretary
--------------------------------------- -------------------------------------
ORIGINAL SIGNATURE OF PREPARER TITLE
Karen G. Nicolaou 20-Aug-00
--------------------------------------- -------------------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
================================================================================
PAGE: 1 OF 1 PAGES
<PAGE>
<TABLE>
<CAPTION>
==============================================================================================================
Monthly Operating Report
---------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS-1
CASE NUMBER: 00-30748-RCM
---------------------------------------------
---------------------------------------------
COMPARATIVE BALANCE SHEET
UNAUDITED ******** AMOUNTS ARE UNAUDITED *******
==========================================================================================================
SCHEDULE January February March
ASSETS AMOUNT (1) *
----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 UNRESTRICTED CASH 46,847,552 - 48,483,735 48,254,575
----------------------------------------------------------------------------------------------------------
2 RESTRICTED CASH - PAYROLL TAX REFUND 899,566 - 905,566 832,117
----------------------------------------------------------------------------------------------------------
RESTRICTED CASH - EYE CORP
----------------------------------------------------------------------------------------------------------
RESTRICTED CASH - PRG GEORGIA
----------------------------------------------------------------------------------------------------------
RESTRICTED CASH - AOI
----------------------------------------------------------------------------------------------------------
RESTRICTED CASH - ESCROW STOCK REFUNDS
----------------------------------------------------------------------------------------------------------
3 TOTAL CASH 47,747,118 - 49,389,301 49,086,692
----------------------------------------------------------------------------------------------------------
4 ACCOUNTS RECEIVABLE (NET) 2,963,426 - 10,561 6,991
----------------------------------------------------------------------------------------------------------
5 INVENTORY - - - -
----------------------------------------------------------------------------------------------------------
6 NOTES REC (SEE SCHEDULE) 529,848 - 529,878 519,948
----------------------------------------------------------------------------------------------------------
7 PREPAID EXPENSES 2,643,776 - 2,394,106 2,227,692
----------------------------------------------------------------------------------------------------------
8 OTHER (ATTACH LIST) - - 459,533 520,581
----------------------------------------------------------------------------------------------------------
9 TOTAL CURRENT ASSETS 53,884,168 - 52,783,378 52,361,903
----------------------------------------------------------------------------------------------------------
10 PROPERTY, PLANT & EQUIPMENT 201,837 - 4,525,708 4,485,554
----------------------------------------------------------------------------------------------------------
11 LESS: ACCUM DEPRECATION - - (3,281,910) (3,322,094)
----------------------------------------------------------------------------------------------------------
12 NET PROPERTY, PLANT & EQUIP 201,837 - 1,243,798 1,163,461
----------------------------------------------------------------------------------------------------------
13 DUE FROM INSIDERS - - - -
----------------------------------------------------------------------------------------------------------
14 OTHER ASSETS NET (ATTACH LIST) 80,910,621 - 76,928,562 76,936,716
----------------------------------------------------------------------------------------------------------
15 OTHER (ATTACH LIST) 40,390 - 40,390 20,072
----------------------------------------------------------------------------------------------------------
16 TOTAL ASSETS 135,037,016 - 130,996,128 130,482,152
==========================================================================================================
<CAPTION>
=============================================================================================================
April May June July
------------------------------------------------------------------------------------------------------------
ASSETS
<S> <C> <C> <C> <C>
1 UNRESTRICTED CASH 47,772,167 47,279,916 28,401,239 27,882,364
------------------------------------------------------------------------------------------------------------
2 RESTRICTED CASH - PAYROLL TAX REFUND 840,060 843,161 857,139 892,448
------------------------------------------------------------------------------------------------------------
RESTRICTED CASH - EYE CORP 4,269,130 4,292,830
------------------------------------------------------------------------------------------------------------
RESTRICTED CASH - PRG GEORGIA 3,562,598 3,582,321
------------------------------------------------------------------------------------------------------------
RESTRICTED CASH - AOI 15,977,588 16,067,029
------------------------------------------------------------------------------------------------------------
RESTRICTED CASH - ESCROW STOCK REFUNDS 20,385 20,314
------------------------------------------------------------------------------------------------------------
3 TOTAL CASH 48,612,227 48,123,077 53,088,078 52,737,307
------------------------------------------------------------------------------------------------------------
4 ACCOUNTS RECEIVABLE (NET) - 5,481,023 - -
------------------------------------------------------------------------------------------------------------
5 INVENTORY - - - -
------------------------------------------------------------------------------------------------------------
6 NOTES REC (SEE SCHEDULE) 519,133 516,375 491,503 257,880
------------------------------------------------------------------------------------------------------------
7 PREPAID EXPENSES 2,052,927 1,892,640 1,842,429 1,712,238
------------------------------------------------------------------------------------------------------------
8 OTHER (ATTACH LIST) 528,186 547,873 567,018 563,358
------------------------------------------------------------------------------------------------------------
9 TOTAL CURRENT ASSETS 51,712,473 56,560,988 55,989,028 55,270,783
------------------------------------------------------------------------------------------------------------
10 PROPERTY, PLANT & EQUIPMENT 4,485,554 4,240,275 4,259,439 4,295,825
------------------------------------------------------------------------------------------------------------
11 LESS: ACCUM DEPRECATION (3,379,131) (3,313,918) (3,370,147) (3,429,571)
------------------------------------------------------------------------------------------------------------
12 NET PROPERTY, PLANT & EQUIP 1,106,423 926,357 889,292 866,254
------------------------------------------------------------------------------------------------------------
13 DUE FROM INSIDERS - - - -
------------------------------------------------------------------------------------------------------------
14 OTHER ASSETS NET (ATTACH LIST) 76,936,716 76,936,716 76,587,643 76,587,643
------------------------------------------------------------------------------------------------------------
15 OTHER (ATTACH LIST) 20,072 21,572 22,071 22,071
------------------------------------------------------------------------------------------------------------
16 TOTAL ASSETS 129,775,684 134,445,633 133,488,034 132,746,751
============================================================================================================
==============================================================================================================
</TABLE>
PAGE: 1 OF 2 PAGES
<PAGE>
<TABLE>
<CAPTION>
=================================================================================================================
Monthly Operating Report
---------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS-1
CASE NUMBER: 00-30748-RCM
---------------------------------------------
---------------------------------------------
COMPARATIVE BALANCE SHEET
UNAUDITED ******** AMOUNTS ARE UNAUDITED *******
================================================================================================================
SCHEDULE JANUARY FEBRUARY MARCH
LIABILTIES AMOUNT (1) *
---------------------------------------------
POSTPETITION LIABILITIES
-----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
17 ACCOUNTS PAYABLE - 3,487 57,986
-------------------------------------------------------- ---------------------------------------------
18 TAXES PAYABLE - - -
-------------------------------------------------------- ---------------------------------------------
19 NOTES PAYABLE - - -
-------------------------------------------------------- ---------------------------------------------
20 PROFESSIONAL FEES - 435,600 815,800
-------------------------------------------------------- ---------------------------------------------
21 SECURED DEBT - - -
-------------------------------------------------------- ---------------------------------------------
22 OTHER (ATTACH LIST) - 131,847 124,705
-------------------------------------------------------- ---------------------------------------------
23 TOTAL POSTPETITION LIABILITIES - 570,934 998,491
=================================================================================================================
PREPETITION LIABILITIES
-----------------------------------------------------------------------------------------------------------------
24 SECURED DEBT - - - -
-----------------------------------------------------------------------------------------------------------------
25 PRIORITY DEBT 569,603 - 569,603 569,603
-----------------------------------------------------------------------------------------------------------------
26 UNSECURED DEBT 135,307,165 - 140,982,547 141,098,226
-----------------------------------------------------------------------------------------------------------------
27 OTHER (ATTACH LIST) - - 442,726 442,726
-----------------------------------------------------------------------------------------------------------------
28 TOTAL PREPETITION LIABILITIES 135,876,768 - 141,994,876 142,110,554
-----------------------------------------------------------------------------------------------------------------
29 TOTAL LIABILITIES 135,876,768 - 142,565,810 143,109,045
=================================================================================================================
EQUITY
-----------------------------------------------------------------------------------------------------------------
30 PREPETITION OWNERS EQUITY (839,752) - (10,944,475) (11,050,372)
-----------------------------------------------------------------------------------------------------------------
31 POSTPETITION CUMULATIVE PROFIT OR (LOSS) - (625,207) (1,576,520)
-------------------------------------------------------- ---------------------------------------------
32 DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - - -
-----------------------------------------------------------------------------------------------------------------
33 TOTAL EQUITY (839,752) - (11,569,682) (12,626,893)
-----------------------------------------------------------------------------------------------------------------
34 TOTAL LIABILITIES & OWNERS EQUITY 135,037,016 - 130,996,128 130,482,152
-----------------------------------------------------------------------------------------------------------------
=================================================================================================================
LIABILTIES APRIL May June July
---------------------------------------------
POSTPETITION LIABILITIES
-----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
17 ACCOUNTS PAYABLE 348,108 349,955 336,046 410,643
-----------------------------------------------------------------------------------------------------------------
18 TAXES PAYABLE
-----------------------------------------------------------------------------------------------------------------
19 NOTES PAYABLE
-----------------------------------------------------------------------------------------------------------------
20 PROFESSIONAL FEES 1,044,868 1,194,868 1,152,003 1,273,401
-----------------------------------------------------------------------------------------------------------------
21 SECURED DEBT
-----------------------------------------------------------------------------------------------------------------
22 OTHER (ATTACH LIST) 201,261 131,644 157,792 251,481
-----------------------------------------------------------------------------------------------------------------
23 TOTAL POSTPETITION LIABILITIES 1,594,237 1,676,468 1,645,841 1,935,525
=================================================================================================================
PREPETITION LIABILITIES
-----------------------------------------------------------------------------------------------------------------
24 SECURED DEBT -
-----------------------------------------------------------------------------------------------------------------
25 PRIORITY DEBT 566,693 566,693.00 566,693 566,693
-----------------------------------------------------------------------------------------------------------------
26 UNSECURED DEBT 140,927,149 140,860,189.21 140,844,624 140,891,453
-----------------------------------------------------------------------------------------------------------------
27 OTHER (ATTACH LIST) 444,697 444,697.48 444,697 476,591
-----------------------------------------------------------------------------------------------------------------
28 TOTAL PREPETITION LIABILITIES 141,938,540 141,871,580 141,856,014 141,934,736
-----------------------------------------------------------------------------------------------------------------
29 TOTAL LIABILITIES 143,520,015 143,548,047 143,501,856 143,870,261
=================================================================================================================
EQUITY
-----------------------------------------------------------------------------------------------------------------
30 PREPETITION OWNERS EQUITY (10,948,771) (10,947,989) (11,278,792) (11,325,751)
-----------------------------------------------------------------------------------------------------------------
31 POSTPETITION CUMULATIVE PROFIT OR (LOSS) (2,795,560) 1,845,575 1,264,971 202,241
-----------------------------------------------------------------------------------------------------------------
32 DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - - -
-----------------------------------------------------------------------------------------------------------------
33 TOTAL EQUITY (13,744,331) (9,102,414) (10,013,821) (11,123,510)
-----------------------------------------------------------------------------------------------------------------
34 TOTAL LIABILITIES & OWNERS EQUITY 129,775,684 134,445,633 133,488,034 132,746,751
-----------------------------------------------------------------------------------------------------------------
====================================================================================================================
</TABLE>
* The balances reported in the "Schedule Amount" column represent the
"current market value of the debtors interest in property, without
deducting any secrued claim or exemption." The balances in the
monthly columns represent Physician Resources Group, Inc.'s
historical cost basis in the asset, net of any allowance for the
impariment of the asset.
(1) Amounts included under the "Scheduled Amount" caption have been
updated to reflect changes in reported amounts subsequent to filing
the debtor's Statement of Financial Affairs. PRG has filed
amendments to the original "Statement of Financial Affairs" and will
continue to do so as and when appropriate.
PAGE: 2 OF 2 PAGES
<PAGE>
DETAIL SCHEDULE
ACCRUAL BASIS 1
----------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
MONTH: JULY 2000
CASE NUMBER: 00-30748-RCM ----------------
----------------------------------------------
<TABLE>
<CAPTION>
**** AMOUNTS ARE UNAUDITED ****
ITEM SCHEDULE
NO DESCRIPTION AMOUNT JAN FEBRUARY MARCH APRIL MAY
===================================================================================================== ========== =========
<S> <C> <C> <C> <C> <C> <C>
6 NOTES RECEIVABLE
===========================================
E. MOORE 2,225,000 2,225,000 2,225,000 2,225,000 2,225,000
HALEY 77,215 77,215 77,215 77,215 77,215
WYLL 76,227 76,227 76,227 76,227 76,227
WESTFIELD 250,000 250,000 247,186 241,525 235,798
FRITCH (Note 1) 300,000 300,000 292,819 292,819 292,819
SHAFRON 60,000 60,000 60,000 60,000 60,000
WILEY 150,000 150,000 150,000 150,000 150,000
DOCTORS VISION CENTER 146,314 146,314 146,314 146,314 146,314
---------- ---------- ---------- ---------- ----------
TOTAL NOTES RECEIVABLE 3,284,756 3,284,756 3,274,761 3,269,100 3,263,374
ESTIMATED RESERVE AMOUNT (2,754,878) (2,754,878) (2,754,813 (2,749,967) (2,746,998
---------- ---------- ---------- ----------
ESTIMATED NET PRINCIPAL BALANCE 529,878 529,878 519,948 519,133 516,376
========== ========== ========== ==========
7 PREPAID EXPENSES
INSURANCE PREMIUMS 1,118,669 1,042,041 983,619 905,708 874,310
RESOURCES CONNECTION - RETAINER/FEES 92,574 30,046 29,006 29,006 29,000
GEORGE, DONALDSON & FORD - RETAINER 35,000 35,000 35,000 35,000 35,000
ANDREWS & KURTH - RETAINER 283,863 283,863 283,863 283,863 283,863
ARENT FOX KINTER PLOTKIN & KAHN - RETAINER 14,926 14,926 18,373 18,373 18,373
HORNTHAL PILEY ELLIS & MALLAND - RETAINER 3,500 3,500 3,500 3,500 3,500
JAMES E. BOREN - RETAINER 8,709 8,709 8,709 18,709 18,709
LEE & McINNISH - RETAINER 709 709 709 709 709
MUNSCH HARDT KOPF & HARR - RETAINER 10,000 10,000 10,000 10,000 10,000
NEAL & HARWELL -RETAINER 3,611 3,611 3,611 3,611 3,611
WOLIN, RIDLEY & MILLER - RETAINER 40,875 40,875 - -
FARRIS MATTHEWS BRANAN BOBANGO -RETAINER 7,218 X 7,218 7,218 7,073 7,073
SMYSER, KAPLAN & VESELKA -RETAINER 50,000 50,000 50,000 49,888 49,888
HOULIHAN & LOKEY - RETAINER 35,000 35,000 35,000 35,000 35,000
JACKSON & WALKER - RETAINER 250,000 250,000 250,00 250,000 250,000
JONES DAY REAVIS & POGUE -RETAINER 75,000 75,000 75,000 75,000 -
MANN FRANKFORT -RETAINER 80,000 80,000 80,000 68,400 68,400
LAURA JAMES -RETAINER 20,000 20,000 20,000 20,000 20,000
DICKSON FLATO -RETAINER 20,000 20,000 20,000 20,000 20,000
GRUBB CONSULTING -RETAINER 8,400 8,400 8,400 5,495 5,495
CLOUGH & DOUGHERTY, PLLC -RETAINER 12,500 12,500 12,500 12,500 12,500
QUANTUM INTERESTS/DAVID HORN -RETAINER 80,000 40,000 - - -
TONY ROVINSKY -RETAINER 8,000 5,034 2,674 2,674 -
DAVID SEGERS -RETAINER 6,600 6,600 6,600 6,600 6,600
AM SURG - PREPAID MANAGEMENT FEES 228,453 174,289 120,124 80,082 40,041
5005 RIVERWAY - PREPAID RENT 143,677 134,085 122,911 111,738 100,564
14800 LANDMARK - PREPAID RENT 38,793 - -
BAKERSFIELD CBO - PREPAID RENT 3,174 - - -
ORLANDO CBO - PREPAID RENT 5,400 2,700 - - -
----------- ---------- ---------- ---------- ----------
TOTAL PREPAID EXPENSES 2,643,776 2,394,106 2,227,692 2,052,927 1,892,640
=========== ========== ========== ========== ==========
8 OTHER CURRENT ASSETS
===========================================
<CAPTION>
ITEM
NO DESCRIPTION JUNE JULY
=================================================== ------------- ------------
<S> <C> <C>
6 NOTES RECEIVABLE
-------------------------------------------
E. MOORE 2,225,000 2,225,000
HALEY 77,215 77,215
WYLL 76,227 76,227
WESTFIELD 230,005 -
FRITCH (Note 1) 270,915 263,492
SHAFRON 60,000 60,000
WILEY 150,000 150,000
DOCTORS VISION CENTER 146,314 146,314
------------- ------------
TOTAL NOTES RECEIVABLE 3,235,676 2,998,248
ESTIMATED RESERVE AMOUNT (2,744,173) (2,740,368)
------------- ------------
ESTIMATED NET PRINCIPAL BALANCE 491,503 257,880
============= ============
7 PREPAID EXPENSES
INSURANCE PREMIUMS 838,433 795,290
RESOURCES CONNECTION - RETAINER/FEES 29,006 29,006
GEORGE, DONALDSON & FORD - RETAINER 35,000 35,000
ANDREWS & KURTH - RETAINER 283,863 283,863
ARENT FOX KINTER PLOTKIN & KAHN - RETAINER 17,854 17,854
HORNTHAL PILEY ELLIS & MALLAND - RETAINER 106 106
JAMES E. BOREN - RETAINER 18,709 18,709
LEE & McINNISH - RETAINER 709 709
MUNSCH HARDT KOPF & HARR - RETAINER 9,935 9,935
NEAL & HARWELL -RETAINER 3,611 3,611
WOLIN, RIDLEY & MILLER - RETAINER 40,875 -
FARRIS MATTHEWS BRANAN BOBANGO -RETAINER 7,058 7,058
SMYSER, KAPLAN & VESELKA -RETAINER 49,888 49,888
HOULIHAN & LOKEY - RETAINER 35,000 -
JACKSON & WALKER - RETAINER 250,000 250,000
JONES DAY REAVIS & POGUE -RETAINER - -
MANN FRANKFORT -RETAINER 68,400 68,400
LAURA JAMES -RETAINER 20,000 20,000
DICKSON FLATO -RETAINER 20,000 20,000
GRUBB CONSULTING -RETAINER 5,495 5,495
CLOUGH & DOUGHERTY, PLLC -RETAINER 12,500 12,500
QUANTUM INTERESTS/DAVID HORN -RETAINER - -
TONY ROVINSKY -RETAINER - -
DAVID SEGERS -RETAINER 6,600 6,600
AM SURG - PREPAID MANAGEMENT FEES - -
5005 RIVERWAY - PREPAID RENT 89,390 78,216
14800 LANDMARK - PREPAID RENT - -
BAKERSFIELD CBO - PREPAID RENT - -
ORLANDO CBO - PREPAID RENT - -
------------- ------------
TOTAL PREPAID EXPENSES 1,842,429 1,712,238
============= ============
8 OTHER CURRENT ASSETS
===========================================
</TABLE>
PAGE: 1 OF 3 PAGES
<PAGE>
DETAIL SCHEDULE
ACCRUAL BASIS 1
----------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
MONTH: JULY 2000
CASE NUMBER: 00-30748-RCM ----------------
----------------------------------------------
<TABLE>
<CAPTION>
**** AMOUNTS ARE UNAUDITED ****
ITEM SCHEDULE
NO DESCRIPTION AMOUNT JAN FEBRUARY MARCH APRIL MAY
====================================================================================================== ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
ACCRUED INTEREST ON NOTES RECEIVABLE - 459,532 520,581 528,186 547,873
----------- ---------- ---------- ---------- ----------
TOTAL OTHER CURRENT ASSETS - 459,532 520,581 528,186 547,873
=========== ========== ========== ========== ==========
14 OTHER ASSETS NET OF AMORTIZATION
================================
INVESTMENTS IN SUBSIDIARIES 80,910,621 76,928,562 76,936,716 76,936,716 76,936,716
----------- ---------- ---------- ---------- ----------
TOTAL OTHER ASSETS NET OF AMORTIZATION 80,910,621 76,928,562 76,936,716 76,936,716 76,936,716
=========== ========== ========== ========== ==========
PRG HOLDS EQUITY INTERESTS IN APPROXIMATELY SEVENTY-FIVE MANAGEMENT SERVICE ORGANIZATIONS AND AMBULATORY SURGICAL
CENTERS. FOR AMOUNTS INCLUDED IN THE "SCHEDULE" COLUMN, PRG HAS ESTIMATED THE CURRENT MARKET VALUE TO BE
APPROXIMATELY $80,000,000 FOR THESE INTERESTS DISCOUNTED APPROPRIATELY FOR THE UNCERTAINTITIES ASSOCIATED WITH REALIZING
SUCH VALUE, AND EXCLUDING THE VALUE OF POTENTIAL CLAIMS WHICH MAY BE ASSERTED AGAINST THE PRACTICES BY PRG.
MONTHLY BALANCES REPRESENT HISTORICAL COST BASIS, LESS ANY RESERVE FOR IMPAIRMENT OF THE ASSET.
15 OTHER NON-CURRENT ASSETS
================================================
DEPOSIT - CMD REALTY INVESTMENT DALLAS 38,790 38,790 20,072 20,072 20,072
DEPOSIT-SKYTEL COMMUNICATIONS
DEPOSIT-FEDERAL EXPRESS - - - 1,500
DEPOSIT - CATALINA BARBER CORP BAKERSFIELD 1,600 1,600 - - -
----------- ---------- ---------- ---------- ----------
TOTAL OTHER NON-CURRENT ASSETS 40,390 40,390 20,072 20,072 21,572
=========== ========== ========== ========== ==========
20 POST-PETITION LIABILITIES PROFESSIONAL FEES
================================================
ACCRUAL FOR ANDREWS & KURTH 994,868
ACCRUAL FOR BELL NUNNALLY
ACCRUAL FOR MANN FRANKFORT
ACCRUAL FOR HUGHES & LUCE
ACCRUAL FOR JACKSON WALKER 200,000
----------
1,194,868
==========
22 OTHER POST-PETITION LIABILITIES
================================================
ACCRUALS FOR ORDINARY COURSE PROFESSIONALS 130,597 122,205 199,594 97,750
ACCRUALS FOR TRAVEL/COMMUNICATIONS - - - 30,560
ACCRUAL FOR US TRUSTEE FEE 1,250 2,500 1,667 3,334
---------- ---------- ---------- ----------
131,847 124,705 201,261 131,644
========== ========== ========== ==========
27 OTHER PRE-PETITION LIABILITIES
================================================
<CAPTION>
ITEM
NO DESCRIPTION JUNE JULY
=================================================== ------------- ------------
<S> <C> <C>
ACCRUED INTEREST ON NOTES RECEIVABLE 567,018 583,891
------------- ------------
TOTAL OTHER CURRENT ASSETS 567,018 583,891
============= ============
14 OTHER ASSETS NET OF AMORTIZATION
================================================
INVESTMENTS IN SUBSIDIARIES 76,587,643 76,587,643
------------- ------------
TOTAL OTHER ASSETS NET OF AMORTIZATION 76,587,643 76,587,643
============= ============
15 OTHER NON-CURRENT ASSETS
================================================
DEPOSIT - CMD REALTY INVESTMENT DALLAS 20,072 20,072
DEPOSIT-SKYTEL COMMUNICATIONS 499 499
DEPOSIT-FEDERAL EXPRESS 1,500 1,500
DEPOSIT - CATALINA BARBER CORP BAKERSFIELD
------------- ------------
TOTAL OTHER NON-CURRENT ASSETS 22,071 22,071
============= ============
20 POST-PETITION LIABILITIES PROFESSIONAL FEES
================================================
ACCRUAL FOR ANDREWS & KURTH 829,003 931,297
ACCRUAL FOR BELL NUNNALLY 23,000 35,949
ACCRUAL FOR MANN FRANKFORT 30,000
ACCRUAL FOR HUGHES & LUCE 150,000 160,291
ACCRUAL FOR JACKSON WALKER 150,000 115,864
------------- ------------
1,152,003 1,273,401
============= ============
22 OTHER POST-PETITION LIABILITIES
================================================
ACCRUALS FOR ORDINARY COURSE PROFESSIONALS 152,791 249,814
ACCRUALS FOR TRAVEL/COMMUNICATIONS -
ACCRUAL FOR US TRUSTEE FEE 5,001 1,667
------------- ------------
157,792 251,481
============= ============
27 OTHER PRE-PETITION LIABILITIES
================================================
</TABLE>
PAGE: 2 OF 3 PAGES
<PAGE>
DETAIL SCHEDULE
ACCRUAL BASIS 1
----------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
MONTH: JULY 2000
CASE NUMBER: 00-30748-RCM ----------------
----------------------------------------------
<TABLE>
<CAPTION>
**** AMOUNTS ARE UNAUDITED ****
ITEM SCHEDULE
NO DESCRIPTION AMOUNT JAN FEBRUARY MARCH APRIL MAY
================================================================================================= ========== ==========
<S> <C> <C> <C> <C> <C> <C>
EMPLOYMENT TAX & W/H LIABILITY ESCROW * - 442,726 * 442,726 444,697 444,697
----------- ---------- --------- ---------- ----------
TOTAL OTHER PRE PETITION LIABILITIES - 442,726 442,726 444,697 444,697
=========== ========== ========= ========== ==========
<CAPTION>
ITEM
NO DESCRIPTION JUNE JULY
------------------------------------------------- -------------- --------------
<S> <C> <C>
EMPLOYMENT TAX & W/H LIABILITY ESCROW 444,697 476,591
-------------- --------------
TOTAL OTHER PRE PETITION LIABILITIES 444,697 476,591
============== ==============
</TABLE>
* ACCRUED LIABILITY FOR ADJUSTMENTS WHICH MAY ARISE FORM ERNST & YOUNG'S
REVIEW OF IRS TRANSCRIPTS OF EMPLOYMENT TAX ACTIVITY OF PHYSICIANS
RESOURCE GROUP, INC. AND AFFILIATED ENTITIES. THIS AMOUNT IS INCLUDED IN
THE RESTRICTED CASH BALANCE.
PAGE: 3 OF 3 PAGES
<PAGE>
<TABLE>
<CAPTION>
====================================================================================== ==================================
Monthly Operating Report
-------------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
ACCRUAL BASIS-2
CASE NUMBER: 00-30748-RCM
-------------------------------------------------
--------------------------------------------------
INCOME STATEMENT ****** AMOUNTS ARE UNAUDITED ******
UNAUDITED -----------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY TOTAL
<S> <C> <C> <C> <C> <C> <C> <C> <C>
REVENUES
-----------------------------------------------------------------------------------------------------------------------------------
1 GROSS REVENUES - - - - - -
-------------------------------------------- --------------------------------------------------------------------------------------
2 LESS: RETURNS & DISCOUNTS - - - - - -
-------------------------------------------- --------------------------------------------------------------------------------------
3 NET REVENUE - - - - - - - -
-------------------------------------------- --------------------------------------------------------------------------------------
COST OF GOODS SOLD
-----------------------------------------------------------------------------------------------------------------------------------
4 MATERIAL - - - - - -
-----------------------------------------------------------------------------------------------------------------------------------
5 DIRECT LABOR - - - - - -
-----------------------------------------------------------------------------------------------------------------------------------
6 DIRECT OVERHEAD - - - - - -
-----------------------------------------------------------------------------------------------------------------------------------
7 TOTAL COST OF GOODS SOLD - - - - - -
===================================================================================================================================
8 GROSS PROFIT - - - - - - - -
-----------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
-----------------------------------------------------------------------------------------------------------------------------------
9 OFFICER/INSIDER COMPENSATION - 63,750 63,750 63,750 63,750 63,750 371,250 690,000
-----------------------------------------------------------------------------------------------------------------------------------
10 SELLING & MARKETING - - -
-----------------------------------------------------------------------------------------------------------------------------------
11 GENERAL & ADMINISTRATIVE - 482,174 531,478 723,904 662,231 364,287 580,722 3,344,766
-----------------------------------------------------------------------------------------------------------------------------------
12 RENT & LEASE - 55,586 83,135 58,337 62,421 37,018 33,618 330,115
-----------------------------------------------------------------------------------------------------------------------------------
13 OTHER (ATTACH LIST) - 54,165 54,165 40,042 40,042 40,042 27,080 255,535
-----------------------------------------------------------------------------------------------------------------------------------
14 TOTAL OPERATING EXPENSES - 655,674 732,529 886,033 828,444 505,097 1,012,670 4,620,447
-----------------------------------------------------------------------------------------------------------------------------------
15 INCOME(LOSS) BEFORE NON-
OPERATING INCOME & EXPENSE - (655,674) (732,529) (886,033) (828,444) (505,097) (1,012,670) (4,620,447)
-----------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME & EXPENSE
-----------------------------------------------------------------------------------------------------------------------------------
16 NON-OPERATING INCOME - 547,292 296,243 251,012 5,943,767 288,029 272,642 7,598,983
-----------------------------------------------------------------------------------------------------------------------------------
17 NON-OPERATING EXPENSE - 108 - (2,577) - (2,469)
-----------------------------------------------------------------------------------------------------------------------------------
18 INTEREST EXPENSE - - - -
-----------------------------------------------------------------------------------------------------------------------------------
19 DEPRECIATION/DEPLETION - 54,284 59,625 57,038 53,242 56,230 59,424 339,842
-----------------------------------------------------------------------------------------------------------------------------------
20 AMORTIZATION - -
-----------------------------------------------------------------------------------------------------------------------------------
21 OTHER (ATTACH LIST) - 33,953 (67) 51,806 7,280 3,889 96,861
-----------------------------------------------------------------------------------------------------------------------------------
22 NET OTHER INCOME & EXPENSES - 492,900 202,666 196,618 5,838,719 224,519 209,329 7,164,751
-----------------------------------------------------------------------------------------------------------------------------------
REORGANIZATION EXPENSES
-----------------------------------------------------------------------------------------------------------------------------------
23 PROFESSIONAL FEES - 461,183 420,200 526,239 366,692 298,359 257,722 2,330,391
-----------------------------------------------------------------------------------------------------------------------------------
24 U.S. TRUSTEE FEES - X 1,250 1,250 4,167 1,667 1,667 1,667 11,668
-----------------------------------------------------------------------------------------------------------------------------------
25 OTHER (ATTACH LIST) - -
-----------------------------------------------------------------------------------------------------------------------------------
26 TOTAL REORGANIZATION EXPENSES - 462,433 421,450 530,406 368,359 300,026 259,389 2,342,063
-----------------------------------------------------------------------------------------------------------------------------------
27 INCOME TAX - -
-----------------------------------------------------------------------------------------------------------------------------------
28 NET PROFIT (LOSS) - (625,207) (951,313) (1,219,821) 4,641,916 (580,604) (1,062,730) 202,241
-----------------------------------------------------------------------------------------------------------------------------------
===================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
DETAIL SCHEDULES
------------------------------------------------- ACCRUAL BASIS 2
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
CASE NUMBER: 00-30748-RCM MONTH: JULY 2000
------------------------------------------------- ------------------------
ITEM *** AMOUNTS ARE UNAUDITED ***
NO DESCRIPTION JANUARY FEBRUARY MARCH APRIL
================================================================================================================ --------------
<S> <C> <C> <C> <C> <C>
11 GENERAL & ADMINISTRATIVE:
========================================================
SALARIES 221,522 231,686 179,593
CONSULTING FEES 159,746 101,958 335,318
AUDIT FEES
PAYROLL TAXES 22,068 42,398 14,772
INSURANCE 61,938 58,888 83,900
TRAVEL 2,096 8,108 5,832
LODGING 914 3,839 1,766
CONTRACT LABOR 6,732 5,779 8,559
OFFICE SUPPLIES & EXPENSE 5,144 10,220 11,872
POSTAGE & DELIVERY - 1,519 816
TELEPHONE 935 23,527 76,988
MAINTENANCE & REPAIR 456 42,651 2,279
DATA PROCESSING 623 906 2,208
---------- ---------- ----------
TOTAL GENERAL & ADMINISTRATIVE 482,174 531,479 723,903
========== ========== ==========
X
13 OTHER OPERATING EXPENSES
========================================================
ASC MANAGEMENT FEES 54,165 54,165 40,042
---------- ---------- ----------
TOTAL OTHER OPERATING EXPENSES 54,165 54,165 40,042
========== ========== ==========
16 NON-OPERATING INCOME
========================================================
TABOADA SETTLEMENT
GAIN (LOSS) ON SALE OF ASSETS - (22,077) 1,375
TAX REFUND 6,664 - -
INTEREST INCOME 190,627 315,080 245,515
LEGAL EXPENSE REIMBURSEMENT 350,000 - -
<CAPTION>
NO DESCRIPTION MAY JUNE JULY
============================================================================== ------------------ ------------- ---------
<S> <C> <C> <C> <C>
11 GENERAL & ADMINISTRATIVE:
========================================================
SALARIES 142,340 149,020 140,659
CONSULTING FEES 307,648 127,981 268,945
AUDIT FEES 30,000
PAYROLL TAXES 13,277 11,578 14,905
INSURANCE 131,953 38,194 47,669
TRAVEL 9,189 15,894 7,209
LODGING 3,216 4,874 1,563
CONTRACT LABOR 3,533 9,054 5,565
OFFICE SUPPLIES & EXPENSE 13,795 9,604 13,512
POSTAGE & DELIVERY 1,991 869 1,013
TELEPHONE 32,709 (8,447) 42,821
MAINTENANCE & REPAIR 1,657 5,538 6,143
DATA PROCESSING 922 128 719
---------- ---------- ----------
TOTAL GENERAL & ADMINISTRATIVE 662,230 364,287 580,723
========== ========== ==========
X
13 OTHER OPERATING EXPENSES
========================================================
ASC MANAGEMENT FEES 40,042 40,042 27,080
---------- ---------- ----------
TOTAL OTHER OPERATING EXPENSES 40,042 40,042 27,080
========== ========== ==========
16 NON-OPERATING INCOME
========================================================
TABOADA SETTLEMENT 5,759,551 -
GAIN (LOSS) ON SALE OF ASSETS (114,547) -
TAX REFUND - -
INTEREST INCOME 298,748 261,322 272,642
LEGAL EXPENSE REIMBURSEMENT - - -
</TABLE>
PAGE: 1 OF 2 PAGES
<PAGE>
<TABLE>
<CAPTION>
DETAIL SCHEDULES
----------------------------------------------- ACCRUAL BASIS 2
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
CASE NUMBER: 00-30748-RCM MONTH: JULY 2000
----------------------------------------------- ------------------------
ITEM *** AMOUNTS ARE UNAUDITED ***
NO DESCRIPTION JANUARY FEBRUARY MARCH APRIL
============================================================================================================== -------------
<S> <C> <C> <C> <C> <C>
941 TAX REFUNDS (1996)
MISCELLANEOUS - 3,240 4,123
---------- ---------- ----------
TOTAL OTHER INCOME & EXPENSE 547,291 296,243 251,012
========== ========== ==========
21 NON-OPERATING EXPENSES
========================================================
PENALTIES & LATE FEES - 20,096 (67)
FRANCHISE TAXES - - -
ANNUAL REPORTS - - -
PROPERTY TAXES - 13,857 -
---------- ---------- ----------
TOTAL OTHER NON OPERATING EXPENSES - 33,953 (67)
========== ========== ==========
<CAPTION>
NO DESCRIPTION MAY JUNE JULY
============================================================================ -------------------- ------------- ---------
<S> <C> <C> <C> <C>
941 TAX REFUNDS (1996) 9,873 -
MISCELLANEOUS 15 16,834 -
--------- ---------- ----------
TOTAL OTHER INCOME & EXPENSE 5,943,767 288,029 272,642
========= ========== ==========
21 NON-OPERATING EXPENSES
==========================================================
PENALTIES & LATE FEES 25 0 0
FRANCHISE TAXES 66,650 - 0
ANNUAL REPORTS - 7,280 0
PROPERTY TAXES (14,870) - -
--------- ---------- ----------
TOTAL OTHER NON OPERATING EXPENSES 51,805 7,280 -
========= ========== ==========
</TABLE>
PAGE: 2 OF 2 PAGES
<PAGE>
<TABLE>
<CAPTION>
===================================================================================================================================
Monthly Operating Report
--------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
ACCRUAL BASIS-3
CASE NUMBER: 00-30748-RCM
--------------------------------------------
****** AMOUNTS ARE UNAUDITED ******
------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
CASH RECEIPTS AND JANUARY FEBRUARY MARCH APRIL MAY
DISBURSEMENTS - UN AUDITED
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 BEGINNING BALANCE 47,747,118 47,747,118 49,389,301 49,086,692 48,612,065
-------------------------------------------------------------------------------------------------------------------------------
RECEIPTS FROM OPERATIONS
-------------------------------------------------------------------------------------------------------------------------------
2 CASH SALES -
-------------------------------------------------------------------------------------------------------------------------------
COLLECTION OF ACCOUNTS RECEIVABLE
-------------------------------------------------------------------------------------------------------------------------------
3 PREPETITION -
-------------------------------------------------------------------------------------------------------------------------------
4 POSTPETITION -
-------------------------------------------------------------------------------------------------------------------------------
5 TOTAL OPERATING RECEIPTS - - -
-------------------------------------------------------------------------------------------------------------------------------
NON-OPERATING RECEIPTS
-------------------------------------------------------------------------------------------------------------------------------
6 LOANS & ADVANCES (ATTACH LIST)
-------------------------------------------------------------------------------------------------------------------------------
7 SALE OF ASSETS
-------------------------------------------------------------------------------------------------------------------------------
8 OTHER (ATTACH LIST) - 2,100,148 317,020 256,327 375,929
-------------------------------------------------------------------------------------------------------------------------------
9 TOTAL NON-OPERATING RECEIPTS - 2,100,148 317,020 256,327 375,929
===============================================================================================================================
10 TOTAL RECEIPTS - 2,100,148 317,020 256,327 375,929
===============================================================================================================================
11 TOTAL CASH AVAILABLE 47,747,118 49,847,266 49,706,321 49,343,019 48,987,994
-------------------------------------------------------------------------------------------------------------------------------
OPERATING DISBURSEMENTS
-------------------------------------------------------------------------------------------------------------------------------
12 NET PAYROLL - 212,195 156,307 172,989 142,770
-------------------------------------------------------------------------------------------------------------------------------
13 PAYROLL TAXES PAID - 214,427 76,264 87,977 71,297
-------------------------------------------------------------------------------------------------------------------------------
14 SALES, USE & OTHER TAXES PAID - - 73,448 53,141 87,626
-------------------------------------------------------------------------------------------------------------------------------
15 SECURED/ RENTAL/ LEASES (NOTE 1) - - - - -
-------------------------------------------------------------------------------------------------------------------------------
16 UTILITIES - 923 24,575 30,030 42,742
-------------------------------------------------------------------------------------------------------------------------------
17 INSURANCE - 1,927 17,581 16,222 81,202
-------------------------------------------------------------------------------------------------------------------------------
18 INVENTORY PURCHASES - - - - -
-------------------------------------------------------------------------------------------------------------------------------
19 VEHICLE EXPENSE - - - - -
-------------------------------------------------------------------------------------------------------------------------------
20 TRAVEL - 3,377 9,233 8,057 6,759
-------------------------------------------------------------------------------------------------------------------------------
21 ENTERTAINMENT - ONSITE MEALS - 764 340 - 1,167
-------------------------------------------------------------------------------------------------------------------------------
22 REPAIRS & MAINTENANCE - 456 5,479 2,604 9,071
-------------------------------------------------------------------------------------------------------------------------------
23 SUPPLIES - 6,066 8,801 11,451 14,289
-------------------------------------------------------------------------------------------------------------------------------
24 ADVERTISING - - - - -
-------------------------------------------------------------------------------------------------------------------------------
25 OTHER (ATTACH LIST) - 17,829 238,431 136,581 279,825
-------------------------------------------------------------------------------------------------------------------------------
26 TOTAL OPERATING DISBURSEMENTS - X 457,965 610,459 519,051 736,749
-------------------------------------------------------------------------------------------------------------------------------
REORGANIZATION FEES
-------------------------------------------------------------------------------------------------------------------------------
27 PROFESSIONAL FEES - - - 206,903 128,168
-------------------------------------------------------------------------------------------------------------------------------
28 U. S. TRUSTEE FEES - - - 5,000 -
-------------------------------------------------------------------------------------------------------------------------------
29 OTHER (ATTACH LIST) - - 9,171 - -
-------------------------------------------------------------------------------------------------------------------------------
30 TOTAL REORGANIZATION EXPENSES - - 9,171 211,903 128,168
-------------------------------------------------------------------------------------------------------------------------------
31 TOTAL DISBURSEMENTS - 457,966 619,629 730,954 864,917
-------------------------------------------------------------------------------------------------------------------------------
32 NET CASH FLOW - 1,642,183 (302,609) (474,627) (488,988)
-------------------------------------------------------------------------------------------------------------------------------
33 CASH - END OF MONTH 47,747,118 49,389,301 49,086,692 48,612,065 48,123,077
-------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
CASH RECEIPTS AND JUNE JULY TOTAL
DISBURSEMENTS - UN AUDITED
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1 BEGINNING BALANCE 48,123,077 53,088,078 47,747,118
-------------------------------------------------------------------------------------------------------------------------------
RECEIPTS FROM OPERATIONS
-------------------------------------------------------------------------------------------------------------------------------
2 CASH SALES -
-------------------------------------------------------------------------------------------------------------------------------
COLLECTION OF ACCOUNTS RECEIVABLE
-------------------------------------------------------------------------------------------------------------------------------
3 PREPETITION -
-------------------------------------------------------------------------------------------------------------------------------
4 POSTPETITION -
-------------------------------------------------------------------------------------------------------------------------------
5 TOTAL OPERATING RECEIPTS -
-------------------------------------------------------------------------------------------------------------------------------
NON-OPERATING RECEIPTS
-------------------------------------------------------------------------------------------------------------------------------
6 LOANS & ADVANCES (ATTACH LIST) -
-------------------------------------------------------------------------------------------------------------------------------
7 SALE OF ASSETS -
-------------------------------------------------------------------------------------------------------------------------------
8 OTHER (ATTACH LIST) 5,828,607 559,317 9,437,348
-------------------------------------------------------------------------------------------------------------------------------
9 TOTAL NON-OPERATING RECEIPTS 5,828,607 559,317 9,437,348
===============================================================================================================================
10 TOTAL RECEIPTS 5,828,607 559,317 9,437,348
===============================================================================================================================
11 TOTAL CASH AVAILABLE 53,951,684 53,647,395 57,184,466
-------------------------------------------------------------------------------------------------------------------------------
OPERATING DISBURSEMENTS
-------------------------------------------------------------------------------------------------------------------------------
12 NET PAYROLL 143,995 376,443 1,204,699
-------------------------------------------------------------------------------------------------------------------------------
13 PAYROLL TAXES PAID 76,379 146,688 673,032
-------------------------------------------------------------------------------------------------------------------------------
14 SALES, USE & OTHER TAXES PAID 330 4,485 219,030
-------------------------------------------------------------------------------------------------------------------------------
15 SECURED/ RENTAL/ LEASES (NOTE 1) - -
-------------------------------------------------------------------------------------------------------------------------------
16 UTILITIES 26,622 39,947 164,839
-------------------------------------------------------------------------------------------------------------------------------
17 INSURANCE 56,192 5,636 178,759
-------------------------------------------------------------------------------------------------------------------------------
18 INVENTORY PURCHASES - - -
-------------------------------------------------------------------------------------------------------------------------------
19 VEHICLE EXPENSE - - -
-------------------------------------------------------------------------------------------------------------------------------
20 TRAVEL 27,293 9,658 64,376
-------------------------------------------------------------------------------------------------------------------------------
21 ENTERTAINMENT - ONSITE MEALS 1,112 758 4,141
-------------------------------------------------------------------------------------------------------------------------------
22 REPAIRS & MAINTENANCE 25,012 39,548 82,169
-------------------------------------------------------------------------------------------------------------------------------
23 SUPPLIES 9,003 12,637 62,247
-------------------------------------------------------------------------------------------------------------------------------
24 ADVERTISING - - -
-------------------------------------------------------------------------------------------------------------------------------
25 OTHER (ATTACH LIST) 250,971 178,576 1,102,214
-------------------------------------------------------------------------------------------------------------------------------
26 TOTAL OPERATING DISBURSEMENTS - X 616,908 814,376 3,755,507
-------------------------------------------------------------------------------------------------------------------------------
REORGANIZATION FEES
-------------------------------------------------------------------------------------------------------------------------------
27 PROFESSIONAL FEES 246,697 90,712 672,481
-------------------------------------------------------------------------------------------------------------------------------
28 U. S. TRUSTEE FEES - 5,000 10,000
-------------------------------------------------------------------------------------------------------------------------------
29 OTHER (ATTACH LIST) - - 9,171
-------------------------------------------------------------------------------------------------------------------------------
30 TOTAL REORGANIZATION EXPENSES 246,697 95,712 691,651
-------------------------------------------------------------------------------------------------------------------------------
31 TOTAL DISBURSEMENTS 863,605 910,088 4,447,159
-------------------------------------------------------------------------------------------------------------------------------
32 NET CASH FLOW 4,965,001 (350,771) 4,990,189
-------------------------------------------------------------------------------------------------------------------------------
33 CASH - END OF MONTH 53,088,078 52,737,307 52,737,307
-------------------------------------------------------------------------------------------------------------------------------
===================================================================================================================================
</TABLE>
NOTE 1: Amounts previously reported on this line have been reclassified to
Other and included as Office and Storage Unit Rental on the
detailed schedule. There are no capital leases or secured lease
obligations.
PAGE: 1 OF 1 PAGES
<PAGE>
<TABLE>
<CAPTION>
------------------------------------------ DETAIL SCHEDULES
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS 3
CASE NUMBER: 00-30748-RCM MONTH: JULY 2000
------------------------------------------- ---------
ITEM *** AMOUNTS ARE UNAUDITED ***
NO DESCRIPTION JAN FEBRUARY MARCH APRIL MAY JUNE JULY
================================================================================= ----- --- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
NON OPERATING RECEIPTS
==========================================
7 SALE OF ASSETS:
EXCESS FURNITURE FROM THE DALLAS OFFICE - - - 20,000 -
--------- ------- ------- ------- ---------
SUB-TOTAL SALES OF ASSETS - - - 20,000 -
========= ======= ======= ======= =========
8 OTHER:
COLLECTION ON RECEIVABLE 1,682,317 47,462 10,516 8,544 5,508,721 240,112
INTEREST INCOME - 204,985 235,025 276,244 242,160 273,618
D & O INSURANCE CLAIM REFUND 350,000 - - - - -
TAX REFUNDS 35,460 - - - 10,799 31,893
COBRA PAYMENTS RECEIVED 13,346 17,667 6,171 4,990 17,973 5,292
REPAYMENT WORKING CAPITAL ADVANCE 12,000 - - - - -
SALE OF FURNITURE & FIXTURES (REMOTE OFCS) 6,654 3,275 500 - - -
RETURNED CHECKS (see Note 1) - 41,521 - - 20,385 -
CLOSE BANK ACCOUNTS 13,434 -
REFUND OF LEGAL RETAINER - - - 66,051 4,011 1,447
REIMBURSEMENT OF ADMIN EXPENSES 371 2,111 4,115 100 11,125 6,955
--------- ------- ------- ------- --------- -------
2,100,148 317,020 256,327 355,929 5,828,607 559,317
========= ======= ======= ======= ========= =======
TOTAL NON OPERATING RECEIPTS 2,100,148 317,020 256,327 375,929 5,828,607 559,317
--------- ------- ------- ------- --------- -------
Note 1 Returned checks are from former PRG
employees (forwarding address unknown) for
employee stock plan purchases. Funds were
deposited into escrow account June 27,
2000. X
25 OTHER OPERATING DISBURSEMENTS
==========================================
INVESTOR RELATIONS - 3,500 4,130 379 - -
CONTRACT LABOR - OTHER 6,732 10,992 19,899 6,505 5,100 6,892
PENALTIES & LATE FEES 108 65 1,038 4,285 7,384 183
CONSULTING FEES 8,616 129,425 83,675 216,417 165,736 141,342
OFFICE & STORAGE UNIT RENTAL 350 93,108 25,610 51,319 55,558 28,090
DATA PROCESSING SERVICES 623 906 1,707 624 928 719
TRAINING - - 522 297 450 1,350
TAX SOFTWARE/SOFTWARE MAINTENACE - - - - 15,815 -
TAX LIABILITY - CURRENT PORTION 1,400 435 - - - -
--------- ------- ------- ------- --------- -------
TOTAL OTHER OPERATING DISBURSEMENTS 17,829 238,431 136,581 279,825 250,971 178,576
========= ======= ======= ======= ========= =======
29 OTHER REORGANIZATION FEES
==========================================
ADVERTISING OF BANKRUPTCY IN WSJ & OTHER PUBS - 5,669 - - -
INVESTOR RELATIONS - 3,500 - - -
--------- ------- ------- ------- ---------
- 9,169 - - -
========= ======= ======= ======= =========
</TABLE>
PAGE: 1 0F 1 PAGES
<PAGE>
<TABLE>
<CAPTION>
====================================================================================================================================
Monthly Operating Report
------------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
ACCRUAL BASIS-4
CASE NUMBER: 00-30748-RCM
------------------------------------------------
********** ALL AMOUNTS ARE UNAUDITED **********
----------------------------------------------------------------------------------------------------------------------
SCHEDULE
ACCOUNTS RECEIVABLE AGING AMOUNT JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY
----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1 0 - 60 -
----------------------------------------------------------------------------------------------------------------------
2 31 - 60 -
----------------------------------------------------------------------------------------------------------------------
3 61 - 90 -
----------------------------------------------------------------------------------------------------------------------
4 91 + -
======================================================================================================================
5 TOTAL ACCOUNTS RECEIVABLE - - - - - - - -
----------------------------------------------------------------------------------------------------------------------
6 AMOUNT CONSIDERED UNCORRECTABLE - - - -
======================================================================================================================
7 ACCOUNTS RECEIVABLE (NET) - - - - - - - -
=======================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
--------------------------------
AGING OF POSTPETITION TAXES MONTH: JULY 2000
-----------------------
AND PAYABLES
==========================================================================================
TAXES PAYABLE 0 - 30 DAYS 31 - 60 DAYS 61 - 90 DAYS TOTAL
==========================================================================================
<S> <C> <C> <C> <C>
1 FEDERAL - -
------------------------------------------------------------------------------------------
2 STATE - -
------------------------------------------------------------------------------------------
3 LOCAL - -
------------------------------------------------------------------------------------------
4 OTHER (ATTACH LIST) -
==========================================================================================
5 TOTAL TAXES PAYABLE - - -
==========================================================================================
==========================================================================================
6 ACCOUNTS PAYABLE 44,418 267,129 (1) 99,095 (2) 410,643
==========================================================================================
</TABLE>
(1) In accordance with court order, unpaid liabilities to professionals
(Jackson Walker liability of $112,510, and Hughes & Luce liability
of $124,066, and Bell & Nunnelly liability of $25,6445) until
approved for payment by court. Disputed invoice with MCI of $4,908
(2) Unpaid liabilities to professionals (Andrews & Kurth liability of
$92,426) until approved for payment by court. Disputed invoice with
MCI $6,669.
<TABLE>
<CAPTION>
---------------------------------
STATUS OF POSTPETITION TAXES MONTH: JULY 2000
-----------------------------
---------------------------------------------------------------------------------------------
BEGINNING AMOUNT ENDING TAX
FEDERAL (ADP REPORTS ATTACHED) TAX LIABILITY WITHELD AMOUNT PAID LIABILITY
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 WITHHOLDING ** - 116,690 116,690 -
---------------------------------------------------------------------------------------------
2 FICA-EMPLOYEE ** - X 14,905 14,905 -
---------------------------------------------------------------------------------------------
3 FICA-EMPLOYER ** - 14,905 14,905 -
---------------------------------------------------------------------------------------------
4 UNEMPLOYMENT - - - -
---------------------------------------------------------------------------------------------
5 INCOME - - - -
---------------------------------------------------------------------------------------------
6 OTHER(ATTACH LIST) - - - -
=============================================================================================
7 TOTAL FEDERAL TAXES - 146,500 146,500 -
=============================================================================================
STATE AND LOCAL
---------------------------------------------------------------------------------------------
8 WITHHOLDING - 188 188 -
---------------------------------------------------------------------------------------------
9 SALES - - -
---------------------------------------------------------------------------------------------
10 EXCISE - - -
---------------------------------------------------------------------------------------------
11 UNEMPLOYMENT (Note 1) - - -
---------------------------------------------------------------------------------------------
12 REAL PROPERTY - - - -
---------------------------------------------------------------------------------------------
13 PERSONAL PROPERTY - - - -
---------------------------------------------------------------------------------------------
14 OTHER (ATTACH LIST) - - - -
=============================================================================================
15 TOTAL STATE & LOCAL - 188 188 -
=============================================================================================
16 TOTAL TAXES - 146,688 146,688 -
=============================================================================================
</TABLE>
* Beginning tax liability should represent the liability from the prior
month or, if this is the first operating report, the amount should be
zero.
** Attach photocopies of IRS Form 6123 or your FTD coupon and payment
receipt to verify payment or deposit.
================================================================================
PAGE: 1 OF 1 PAGES
<PAGE>
================================================================================
Monthly Operating Report
------------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
ACCRUAL BASIS-5
CASE NUMBER: 00-30748-RCM
------------------------------------------------
The debtor in possession must complete the reconciliation below for each
bank account, including general, payroll and tax accounts, as well as all
savings and investment accounts, money market accounts, certificates of
deposit, government obligations, etc. Accounts with restricted funds should
be identified by placing an asterisk next to the account number. Attach
additional sheets if necessary.
********** ALL AMOUNTS ARE UNAUDITED **********
<TABLE>
<CAPTION>
---------------------------------------
BANK RECONCILIATIONS MONTH: JULY 2000
------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A. BANK SWBOT SWBOT * SWBOT * SWBOT * SWBOT * COMERICA *
---------------------------------------------------------------------------------------------------------------------------
B. ACCOUNT NUMBER 326003 300993 30100 301019 290084 1880647522 TOTAL
---------------------------------------------------------------------------------------------------------------------------
Eye Corp PRG Georgia Stock Plan
C. PURPOSE (TYPE) OPERATING(1) Proceeds Proceeds AOI Proceeds Escrow(3) TAX ESCROW
====================================================================================================================================
1 BALANCE PER BANK STATEMENT 2,803,909 49,327 50,828 52,212 20,314 892,448 3,869,039
------------------------------------------------------------------------------------------------------------------------------------
2 ADD: TOTAL DEPOSITS NOT CREDITED 68,985 68,985
------------------------------------------------------------------------------------------------------------------------------------
3 SUBTRACT: OUTSTANDING CHECKS 274,181 274,181
------------------------------------------------------------------------------------------------------------------------------------
4 (2) OTHER RECONCILING ITEMS 120 120
------------------------------------------------------------------------------------------------------------------------------------
5 MONTH END BALANCE PER BOOKS 2,598,833 49,327 50,828 52,212 20,314 892,448 3,663,963
------------------------------------------------------------------------------------------------------------------------------------
6 NUMBER OF LAST CHECK WRITTEN 1948 N/A
====================================================================================================================================
</TABLE>
* Escrow for potential tax payments resulting from the Ernst & Young review
of IRS transcripts for Physicians Resource Group, Inc. and affiliated
companies.
(1) This is a zero balance account. Cash balances at the end of the day are
swept into overnight interest bearing investments.
(2) Account Analysis Fee ($120) to be refunded in August 2000.
(3) Escrow account for checks returned for former employees for stock plan
purchases due to employees. Forwarding addresses are currently unknown, so
funds were deposited June 27, 2000 into an escrow account.
<TABLE>
<CAPTION>
------------------------------------------
INVESTMENT ACCOUNTS MONTH: JULY 2000
------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
DATE OF CURRENT
BANK ACCOUNT NAME AND NUMBER PURCHASE TYPE OF INSTRUMENT PURCHASE PRICE VALUE
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
7a Southwest Bank of Texas 18-May-00 US Treasury Bill 21,844,285 22,112,633
------------------------------------------------------------------------------------------------------------------------------------
7b Southwest Bank of Texas 30-Jun-00 US Treasury Bill 2,999,564 3,012,531
------------------------------------------------------------------------------------------------------------------------------------
Southwest Bank of Texas -
8a Investments for Eye Corp * 29-Jun-00 US FNMA 4,219,373 4,243,503
------------------------------------------------------------------------------------------------------------------------------------
Southwest Bank of Texas -Investments
8b for PRG Georgia * 29-Jun-00 US FNMA 3,511,411 3,531,493
------------------------------------------------------------------------------------------------------------------------------------
Southwest Bank of Texas -Investments
8c for AOI * 29-Jun-00 US FNMA 15,923,750 16,014,817
------------------------------------------------------------------------------------------------------------------------------------
9 Southwest Bank of Texas 21-Jan-00 Certificate of Deposit 154,000 158,367
====================================================================================================================================
10 TOTAL INVESTMENTS 48,652,383 49,073,344
====================================================================================================================================
------------------------------------------
CASH
------------------------------------------------------------------------------------------------------------------------------------
11 CURRENCY ON HAND -
------------------------------------------------------------------------------------------------------------------------------------
12 TOTAL CASH - END OF MONTH 52,737,307
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
NOTE: Physician's Resource Group, Inc. established escrow accounts for
the following subsidiaries: EyeCorp, PRG Georgia, and AOI on June
29, 2000. Balances in the accounts represent the net proceeds
received as a result of the sale of assets by these subsidiaies
during 1999 and 2000. Amounts transferred to the escrow accounts
have not be reduced by allocated corporate overhead.
PAGE: 1 OF 1 PAGES
<PAGE>
================================================================================
Monthly Operating Report
-----------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
CASE NUMBER: 00-30748-RCM ACCRUAL BASIS-6
-----------------------------------------------
MONTH: JULY 2000
-----------
********** ALL AMOUNTS ARE UNAUDITED **********
--------------------------------------------
PAYMENTS TO INSIDERS AND PROFESSIONALS
--------------------------------------------
OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO
INSIDERS (AS DEFINED IN SECTION 101(31)(A)-(F) OF THE U.S. BANKRUPTCY CODE)
AND THE PROFESSIONALS. ALSO FOR INSIDERS, IDENTIFY THE TYPE OF COMPENSATION
PAID (e. g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL,
CAR ALLOWANCE, ETC.) ATTACH ADDITIONAL SHEETS IF NECESSARY.
--------------------------------------------------------------------------------
INSIDERS
--------------------------------------------------------------------------------
NAME TYPE OF AMOUNT TOTAL PAID
PAYMENT PAID TO DATE
--------------------------------------------------------------------------------
1 LANE EDENBURN SALARY 14,583 87,500
--------------------------------------------------------------------------------
2 KAREN NICOLAOU SALARY 11,667 70,000
--------------------------------------------------------------------------------
3 MICHAEL YEARY SALARY 37,500 225,000
--------------------------------------------------------------------------------
SUBTOTAL (See Note 1) 63,750 382,500
--------------------------------------------------------------------------------
4 KAREN NICOLAOU (See Note 2) BONUS 70,000 70,000
--------------------------------------------------------------------------------
5 MICHAEL YEARY (See Note 2) BONUS 150,000 150,000
--------------------------------------------------------------------------------
6 LANE EDENBURN (See Note 2) BONUS 87,500 87,500
--------------------------------------------------------------------------------
7 KAREN NICOLAOU EXP REIMBRMT 1,788 8,575
--------------------------------------------------------------------------------
8 MICHAEL YEARY EXP REIMBRMT 886 6,741
--------------------------------------------------------------------------------
9 LANE EDENBURN EXP REIMBRMT - 991
====================================================----------------------------
10 TOTAL PAYMENTS TO INSIDERS 373,925 706,307
====================================================----------------------------
-
Note 1: Insiders Salary is reported on line 9, MOR-2. Expense reimbursements
for insiders is included in line 11, MOR-2
Note 2: Bonuses are paid in accordance with individual employee agreements.
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------
PROFESSIONALS
------------------------------------------------------------------------------------------------------------------------
DATE OF COURT AMOUNT AMOUNT PAID TOTAL PAID TOTAL
NAME ORDER AUTHORIZING APPROVED DATE INCURRED &
PAYMENT UNPAID * (1)
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 ANDREWS & KURTH X - - 165,865 931,297
------------------------------------------------------------------------------------------------------------------------
2 JACKSON WALKER - - 171,701 115,864
------------------------------------------------------------------------------------------------------------------------
3 MANN FRANKFORT - - 30,000
------------------------------------------------------------------------------------------------------------------------
4 QUANTUM INTERESTS 78,132 78,132 282,361 -
------------------------------------------------------------------------------------------------------------------------
5 HUGHES & LUCE - - 97,298 160,291
------------------------------------------------------------------------------------------------------------------------
6 BELL & NUNNELLY 12,580 12,580 35,257 35,949
------------------------------------------------------------------------------------------------------------------------
5 TOTAL PAYMENTS TO
PROFESSIONALS 90,712 90,712 752,482 1,273,401
------------------------------------------------------------------------------------------------------------------------
</TABLE>
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED.
-----------------------------------------------------------------------------
POST PETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION
-----------------------------------------------------------------------------
-------------
PAYMENTS
-------------
------------------------------------------------------------------------------
SCHEDULED AMOUNTS PAID TOTAL UNPAID
MONTHLY DURING MONTH POSTPETITION
NAME OF CREDITOR PAYMENTS DUE
------------------------------------------------------------------------------
1
------------------------------------------------------------------------------
2
------------------------------------------------------------------------------
3
------------------------------------------------------------------------------
4
------------------------------------------------------------------------------
5
------------------------------------------------------------------------------
6 TOTAL
------------------------------------------------------------------------------
================================================================================
PAGE:1 OF 1 PAGES
<PAGE>
-------------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. MONTHLY OPERATING REPORT
CASE NUMBER: 00-30748-RCM ACCRUAL BASIS - 7
-------------------------------------------------
<TABLE>
<CAPTION>
-------------------------------------------------
QUESTIONNAIRE MONTH: July 2000
---------
--------------------------------------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 Have any assets been sold or transferred outside the normal
course of business in this reporting period? X
--------------------------------------------------------------------------------------------------------------
2 Have any funds been disbursed from any account other than
a debtor in possession account? X
--------------------------------------------------------------------------------------------------------------
3 Are any postpetition receivables (accounts, notes or loans)
due from related parties? X
--------------------------------------------------------------------------------------------------------------
4 Have any payments been made on prepetition liabilities this
reporting period? X
--------------------------------------------------------------------------------------------------------------
5 Have any postpetition loans been received by the debtor
from any party? X
--------------------------------------------------------------------------------------------------------------
6 Are any postpetition payroll taxes past due? X
--------------------------------------------------------------------------------------------------------------
7 Are any postpetition state or federal income taxes past due? X
--------------------------------------------------------------------------------------------------------------
8 Are any postpetition real estate taxes past due? X
--------------------------------------------------------------------------------------------------------------
9 Are any other postpetition taxes past due? X
--------------------------------------------------------------------------------------------------------------
10 Are any amounts owed to postpetition creditors delinquent? X
--------------------------------------------------------------------------------------------------------------
11 Have any prepetition taxes been paid during the reporting period? X
--------------------------------------------------------------------------------------------------------------
12 Are any wage payments past due. X
--------------------------------------------------------------------------------------------------------------
</TABLE>
If the answer to any of the above questions is "yes," provide a detailed
explanation of each item. Attach additional sheets if necessary.
In acccordance with court order, payment of one hundred thirty dollars and
thirty-six cents ($130.36) was paid to Sharp Electronics for 1999 property
taxes.
<TABLE>
<CAPTION>
---------------------------------------------------------------------
INSURANCE
--------------------------------------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 Are workers compensation, general liability and other necessary X
insurance coverages in effect?
--------------------------------------------------------------------------------------------------------------
2 Are all premium payments paid current. X
--------------------------------------------------------------------------------------------------------------
3 Please itemized policies below. SCHEDULE ATTACHED
--------------------------------------------------------------------------------------------------------------
</TABLE>
If the answer to any of the above questions is "no", or if any policies have
been cancelled or not renewed during the reporting period, provide and
explanation below. Attach additional sheets if necessary.
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
INSTALLMENT PAYMENTS
-----------------------------------------------------------------------------------------------------------------------------------
TYPE OF POLICY CARRIER PERIOD PAYMENT
-----------------
COVERED AMOUNT FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 Property "all risk" except policy exclusions Hartford 12/99 - 12/00 11,673 MNTHLY
-----------------------------------------------------------------------------------------------------------------------------------
2 Umbrella Liability excess of schedule of underlying insurance TIG Specialty 06/99 - 06/00 48,579 QTRLY
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
===================================================================================================================================
</TABLE>
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<PAGE>
<TABLE>
<CAPTION>
----------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
RESPONSES TO QUESTIONNAIRE
CASE NUMBER: 00-30748-RCM
MONTH: JULY 2000
---------------------------------------------- ----------------
<S> <C> <C>
QUESTIONNAIRE
==========================================================================================
11 Prepetition taxes
================================================================================
Taxing Authority Amount Paid Description
Sharp Electronics 130.36 1999 Property Taxes
-------
Total Paid $130.36
=======
Insurance:
==========================================================================================
</TABLE>
2 Premiums paid currently.
======================================================================
In accordance with the cash management orders, PRG instructed its bank
not to honor checks presented after February 01, 2000 dated January
31, 2000 and prior. Included in these outstanding items were $12,200
in checks payable to AON Risk Services of Texas. AON is in the process
of re-billing PRG and its subsidiaries. The accounts will be brought
current as soon as new invoices are received. Corporate invoices are
being paid currently, and PRG has not received notice of cancellation
or potential cancellation.
X
PAGE: 1 OF 1 PAGES
<PAGE>
<TABLE>
<CAPTION>
-------------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. MONTHLY OPERATING REPORT
CASE NUMBER: 00-30748-RCM SCHEDULE OF INSURANCE COVERAGE
-------------------------------------------------
MONTH: JULY 2000
-----------------
POLICY PERIOD
====================== LIMIT OF
TYPE OF COVERAGE CARRIER INCEPTION EXPIRATION PREMIUM: LIABILITY
=================================================================================================================================
<S> <C> <C> <C> <C> <C>
1 Directors, Officers and Corporate Liability National Union Fire Insur 20-Apr-00 20-Apr-01 $450,000 $10,000,000
(One year extension of coverage) Co of Pittsburgh, PA
2 Directors, Officers and Corporate Liability National Union Fire Insur 20-Apr-01 20-Apr-07 $450,000 $10,000,000
(Six year run off.) Co of Pittsburgh, PA
3 Commercial Crime National Union Fire Insur 20-Apr-00 20-Apr-01 $ 17,365 $ 5,000,000
Co of Pittsburgh, PA
4 Workers Compensation - Standard forms; Extended B1 Hartford Insurance Co/ 31-Dec-99 31-Dec-00 $ 28,259 $ 1,000,000
Form endorsement where applicable Hartford Mid West Insur
5 Auto Standard Forms & Broad Form Auto Endorseme Hartford Insurance Co 31-Dec-99 31-Dec-00 $ 2,300 $ 1,000,000
6 Property Hartford Insurance Co 31-Dec-99 31-Dec-00 $140,073 $43,835,755
7 Umbrella Liability TIG Specialty Insurance 01-Jun-00 01-Jun-01 $ 50,000 $10,000,000
Healthcare Professional Liability & Managed Care E
8 & O TIG Specialty Insurance 01-Jun-00 01-Jun-01 $ 11,240 $ 3,000,000
X
</TABLE>
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