<PAGE>
EXHIBIT 99.1
================================================================================
Monthly Operating Report
------------------------------------------------
CASE NAME: Physicians Resource Group, Inc. ACCRUAL Basis
CASE NUMBER: 0030748-RCM
JUDGE: Robert C. McGuire
------------------------------------------------
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF TEXAS
DALLAS DIVISION
MONTH ENDING: June 30, 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.
<TABLE>
<S> <C>
RESPONSIBLE PARTY:
/s/ Karen G. Nicolaou Controller-Secretary
_____________________________________________________________ ----------------------------------------------------------
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE
Karen G. Nicolaou 20-Jul-00
------------------------------------------------------------- ----------------------------------------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
/s/ Juliet C. Markovich Corporate Accounting Manager
_____________________________________________________________ ----------------------------------------------------------
ORIGINAL SIGNATURE OF PREPARER TITLE
Juliet C. Markovich 20-Jul-00
------------------------------------------------------------- ----------------------------------------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
</TABLE>
===============================================================================
<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 APRIL
ASSETS AMOUNT (1)*
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 UNRESTRICTED CASH 46,847,552 - 48,483,735 48,254,575 47,772,167
--------------------------------------------------------------------------------------------------------------------------------
2 RESTRICTED CASH - PAYROLL TAX REFUND 899,566 - 905,566 832,117 840,060
--------------------------------------------------------------------------------------------------------------------------------
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 48,612,227
--------------------------------------------------------------------------------------------------------------------------------
4 ACCOUNTS RECEIVABLE (NET) 2,963,426 - 10,561 6,991 -
--------------------------------------------------------------------------------------------------------------------------------
5 INVENTORY - - - -
--------------------------------------------------------------------------------------------------------------------------------
6 NOTES REC (SEE SCHEDULE) 529,848 - 529,878 519,948 519,133
--------------------------------------------------------------------------------------------------------------------------------
7 PREPAID EXPENSES 2,643,776 - 2,394,106 2,227,692 2,052,927
--------------------------------------------------------------------------------------------------------------------------------
8 OTHER (ATTACH LIST) - - 459,533 520,581 528,186
--------------------------------------------------------------------------------------------------------------------------------
9 TOTAL CURRENT ASSETS 53,884,168 - 52,783,378 52,361,903 51,712,473
--------------------------------------------------------------------------------------------------------------------------------
10 PROPERTY, PLANT & EQUIPMENT 201,837 - 4,525,708 4,485,554 4,485,554
--------------------------------------------------------------------------------------------------------------------------------
11 LESS: ACCUM DEPRECATION - - (3,281,910) (3,322,094) (3,379,131)
--------------------------------------------------------------------------------------------------------------------------------
12 NET PROPERTY, PLANT & EQUIP 201,837 - 1,243,798 1,163,461 1,106,423
--------------------------------------------------------------------------------------------------------------------------------
13 DUE FROM INSIDERS - - - - -
--------------------------------------------------------------------------------------------------------------------------------
14 OTHER ASSETS NET (ATTACH LIST) 80,910,621 - 76,928,562 76,936,716 76,936,716
--------------------------------------------------------------------------------------------------------------------------------
15 OTHER (ATTACH LIST) 40,390 - 40,390 20,072 20,072
--------------------------------------------------------------------------------------------------------------------------------
16 TOTAL ASSETS 135,037,016 - 130,996,128 130,482,152 129,775,684
--------------------------------------------------------------------------------------------------------------------------------
POSTPETITION LIABILITIES
-------------------------------------------- ========================================================================
17 ACCOUNTS PAYABLE - 3,487 57,986 348,108
-------------------------------------------- ------------------------------------------------------------------------
18 TAXES PAYABLE - - -
-------------------------------------------- ------------------------------------------------------------------------
19 NOTES PAYABLE - - -
-------------------------------------------- ------------------------------------------------------------------------
20 PROFESSIONAL FEES - 435,600 815,800 1,044,868
-------------------------------------------- ------------------------------------------------------------------------
21 SECURED DEBT - - -
-------------------------------------------- ------------------------------------------------------------------------
22 OTHER (ATTACH LIST) - 131,847 124,705 201,261
-------------------------------------------- ------------------------------------------------------------------------
23 TOTAL POSTPETITION LIABILITIES - 570,934 998,491 1,594,237
================================================================================================================================
PREPETITION LIABILITIES
--------------------------------------------------------------------------------------------------------------------------------
24 SECURED DEBT - - - -
--------------------------------------------------------------------------------------------------------------------------------
25 PRIORITY DEBT 569,603 - 569,603 569,603 566,693
--------------------------------------------------------------------------------------------------------------------------------
26 UNSECURED DEBT 135,307,165 - 140,982,547 141,098,226 140,927,149
--------------------------------------------------------------------------------------------------------------------------------
27 OTHER (ATTACH LIST) - - 442,726 442,726 444,697
--------------------------------------------------------------------------------------------------------------------------------
28 TOTAL PREPETITION LIABILITIES 135,876,768 - 141,994,876 142,110,554 141,938,540
--------------------------------------------------------------------------------------------------------------------------------
29 TOTAL LIABILITIES 135,876,768 - 142,565,810 143,109,045 143,520,015
================================================================================================================================
EQUITY
--------------------------------------------------------------------------------------------------------------------------------
30 PREPETITION OWNERS EQUITY (839,752) - (10,944,475) (11,050,372) (10,948,771)
--------------------------------------------------------------------------------------------------------------------------------
31 POSTPETITION CUMULATIVE PROFIT OR
(LOSS) - (625,207) (1,576,520) (2,795,560)
-------------------------------------------- ------------------------------------------------------------------------
32 DIRECT CHARGES TO EQUITY (ATTACH
EXPLANATION) - - - -
--------------------------------------------------------------------------------------------------------------------------------
33 TOTAL EQUITY (839,752) - (11,569,682) (12,626,893) (13,744,331)
--------------------------------------------------------------------------------------------------------------------------------
34 TOTAL LIABILITIES & OWNERS EQUITY 135,037,016 - 130,996,128 130,482,152 129,775,684
--------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------------------
COMPARATIVE BALANCE SHEET
UNAUDITED
--------------------------------------------
May June
ASSETS
-------------------------------------------------------------------------------------------
<S> <C> <C>
1 UNRESTRICTED CASH 47,279,916 28,401,239
-------------------------------------------------------------------------------------------
2 RESTRICTED CASH - PAYROLL TAX REFUND 843,161 857,139
-------------------------------------------------------------------------------------------
RESTRICTED CASH - EYE CORP 4,269,130
-------------------------------------------------------------------------------------------
RESTRICTED CASH - PRG GEORGIA 3,562,598
-------------------------------------------------------------------------------------------
RESTRICTED CASH - AOI 15,977,588
-------------------------------------------------------------------------------------------
RESTRICTED CASH - ESCROW STOCK REFUNDS 20,385
-------------------------------------------------------------------------------------------
3 TOTAL CASH 48,123,077 53,088,078
-------------------------------------------------------------------------------------------
4 ACCOUNTS RECEIVABLE (NET) 5,481,023 -
-------------------------------------------------------------------------------------------
5 INVENTORY - -
-------------------------------------------------------------------------------------------
6 NOTES REC (SEE SCHEDULE) 516,375 491,503
-------------------------------------------------------------------------------------------
7 PREPAID EXPENSES 1,892,640 1,842,429
-------------------------------------------------------------------------------------------
8 OTHER (ATTACH LIST) 547,873 567,018
-------------------------------------------------------------------------------------------
9 TOTAL CURRENT ASSETS 56,560,988 55,989,028
-------------------------------------------------------------------------------------------
10 PROPERTY, PLANT & EQUIPMENT 4,240,275 4,259,439
-------------------------------------------------------------------------------------------
11 LESS: ACCUM DEPRECATION (3,313,918) (3,370,147)
-------------------------------------------------------------------------------------------
12 NET PROPERTY, PLANT & EQUIP 926,357 889,292
-------------------------------------------------------------------------------------------
13 DUE FROM INSIDERS - -
-------------------------------------------------------------------------------------------
14 OTHER ASSETS NET (ATTACH LIST) 76,936,716 76,587,643
-------------------------------------------------------------------------------------------
15 OTHER (ATTACH LIST) 21,572 22,071
-------------------------------------------------------------------------------------------
16 TOTAL ASSETS 134,445,633 133,488,034
===========================================================================================
POSTPETITION LIABILITIES
-------------------------------------------------------------------------------------------
17 ACCOUNTS PAYABLE 349,955 336,046
-------------------------------------------------------------------------------------------
18 TAXES PAYABLE
-------------------------------------------------------------------------------------------
19 NOTES PAYABLE
-------------------------------------------------------------------------------------------
20 PROFESSIONAL FEES 1,194,868 1,152,003
-------------------------------------------------------------------------------------------
21 SECURED DEBT
-------------------------------------------------------------------------------------------
22 OTHER (ATTACH LIST) 131,644 157,792
-------------------------------------------------------------------------------------------
23 TOTAL POSTPETITION LIABILITIES 1,676,468 1,645,841
===========================================================================================
PREPETITION LIABILITIES
-------------------------------------------------------------------------------------------
24 SECURED DEBT
-------------------------------------------------------------------------------------------
25 PRIORITY DEBT 566,693.00 566,693
-------------------------------------------------------------------------------------------
26 UNSECURED DEBT 140,860,189.21 140,844,624
-------------------------------------------------------------------------------------------
27 OTHER (ATTACH LIST) 444,697.48 444,697
-------------------------------------------------------------------------------------------
28 TOTAL PREPETITION LIABILITIES 141,871,580 141,856,014
-------------------------------------------------------------------------------------------
29 TOTAL LIABILITIES 143,548,047 143,501,856
===========================================================================================
EQUITY
-------------------------------------------------------------------------------------------
30 PREPETITION OWNERS EQUITY (10,947,989) (11,278,792)
-------------------------------------------------------------------------------------------
31 POSTPETITION CUMULATIVE PROFIT OR
(LOSS) 1,845,575 1,264,971
-------------------------------------------------------------------------------------------
32 DIRECT CHARGES TO EQUITY (ATTACH
EXPLANATION) - -
-------------------------------------------------------------------------------------------
33 TOTAL EQUITY (9,102,414) (10,013,821)
-------------------------------------------------------------------------------------------
34 TOTAL LIABILITIES & OWNERS EQUITY 134,445,633 133,488,034
-------------------------------------------------------------------------------------------
====================================================================================================================================
</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: 1 OF 1 PAGES
<PAGE>
----------------------------------------------- DETAIL SCHEDULE
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS 1
MONTH: JUNE 2000
CASE NUMBER: 00-30748-RCM -----------------
-----------------------------------------------
<TABLE>
<CAPTION>
**** AMOUNTS ARE UNAUDITED ****
ITEM SCHEDULE
NO DESCRIPTION AMOUNT JANUARY FEBRUARY MARCH APRIL MAY JUNE
----------------------------------------------------------------------------------------------- ---------- --------- ---------
<S> <C> <C> <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 2,225,000
HALEY 77,215 77,215 77,215 77,215 77,215 77,215
WYLL 76,227 76,227 76,227 76,227 76,227 76,227
WESTFIELD 250,000 250,000 247,186 241,525 235,798 230,005
FRITCH (Note 1) 300,000 300,000 292,819 292,819 292,819 270,915
SHAFRON 60,000 60,000 60,000 60,000 60,000 60,000
WILEY 150,000 150,000 150,000 150,000 150,000 150,000
DOCTORS VISION CENTER 146,314 146,314 146,314 146,314 146,314 146,314
----------- ------------ ---------- ---------- ---------- ----------
TOTAL NOTES RECEIVABLE 3,284,756 3,284,756 3,274,761 3,269,100 3,263,374 3,235,676
ESTIMATED RESERVE AMOUNT (2,754,878) (2,754,878) (2,754,813) (2,749,967) (2,746,998) (2,744,173)
------------ ---------- ---------- ---------- ----------
ESTIMATED NET PRINCIPAL BALANCE 529,878 529,878 519,948 519,133 516,376 491,503
============ ========== ========== ========== ==========
Note 1: Payments for April & May 2000 were recorded in June 2000.
7 PREPAID EXPENSES
INSURANCE PREMIUMS 1,118,669 1,042,041 983,619 905,708 874,310 838,433
RESOURCES CONNECTION - RETAINER/FEES 92,574 30,046 29,006 29,006 29,006 29,006
GEORGE, DONALDSON & FORD - RETAINER 35,000 35,000 35,000 35,000 35,000 35,000
ANDREWS & KURTH - RETAINER 283,863 283,863 283,863 283,863 283,863 283,863
ARENT FOX KINTER PLOTKIN & KAHN - RETAINER 14,926 14,926 18,373 18,373 18,373 17,854
HORNTHAL PILEY ELLIS & MALLAND - RETAINER 3,500 3,500 3,500 3,500 3,500 106
JAMES E. BOREN - RETAINER 8,709 8,709 8,709 18,709 18,709 18,709
LEE & McINNISH - RETAINER 709 709 709 709 709 709
MUNSCH HARDT KOPF & HARR - RETAINER 10,000 10,000 10,000 10,000 10,000 9,935
NEAL & HARWELL - RETAINER 3,611 3,611 3,611 3,611 3,611 3,611
WOLIN, RIDLEY & MILLER - RETAINER 40,875 40,875 - - 40,875
FARRIS MATTHEWS BRANAN BOBANGO - RETAINER 7,218 7,218 7,218 7,073 7,073 7,058
SMYSER, KAPLAN & VESELKA - RETAINER 50,000 50,000 50,000 49,888 49,888 49,888
HOULIHAN & LOKEY - RETAINER 35,000 35,000 35,000 35,000 35,000 35,000
JACKSON & WALKER - RETAINER 250,000 250,000 250,000 250,000 250,000 250,000
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 68,400
LAURA JAMES - RETAINER 20,000 20,000 20,000 20,000 20,000 20,000
DICKSON FLATO - RETAINER 20,000 20,000 20,000 20,000 20,000 20,000
GRUBB CONSULTING - RETAINER 8,400 8,400 8,400 5,495 5,495 5,495
CLOUGH & DOUGHERTY, PLLC - RETAINER 12,500 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 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 89,390
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 1,842,429
=========== ============ ========== ========== ========== ==========
8 OTHER CURRENT ASSETS
----------------------------------
ACCRUED INTEREST ON NOTES RECEIVABLE - 459,532 520,581 528,186 547,873 567,018
----------- ------------ ---------- ---------- ---------- ----------
TOTAL OTHER CURRENT ASSETS - 459,532 520,581 528,186 547,873 567,018
=========== ============ ========== ========== ========== ==========
</TABLE>
PAGE: 1 OF 2 PAGES
<PAGE>
----------------------------------------------- DETAIL SCHEDULE
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS 1
MONTH: JUNE 2000
CASE NUMBER: 00-30748-RCM -----------------
-----------------------------------------------
<TABLE>
<CAPTION>
**** AMOUNTS ARE UNAUDITED ****
ITEM SCHEDULE
NO DESCRIPTION AMOUNT JANUARY FEBRUARY MARCH APRIL MAY JUNE
----------------------------------------------------------------------------------------------- ---------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
14 OTHER ASSETS NET OF AMORTIZATION
-------------------------------------------
INVESTMENTS IN SUBSIDIARIES 80,910,621 76,928,562 76,936,716 76,936,716 76,936,716 76,587,643
----------- ------------ ---------- ---------- ---------- ----------
TOTAL OTHER ASSETS NET OF AMORTIZATION 80,910,621 76,928,562 76,936,716 76,936,716 76,936,716 76,587,643
=========== ============ ========== ========== ========== ==========
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 20,072
DEPOSIT-SKYTEL COMMUNICATIONS 499
DEPOSIT-FEDERAL EXPRESS - - - 1,500 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 22,071
=========== ============ ========== ========== ========== ==========
20 POST-PETITION LIABILITIES PROFESSIONAL FEES
-------------------------------------------
ACCRUAL FOR ANDREWS & KURTH 994,868 829,003
ACCRUAL FOR BELL NUNNALLY 23,000
ACCRUAL FOR HUGHES & LUCE 150,000
ACCRUAL FOR JACKSON WALKER 200,000 150,000
1,194,868 1,152,003
========== ==========
22 OTHER POST-PETITION LIABILITIES
-------------------------------------------
ACCRUALS FOR ORDINARY COURSE PROFESSIONALS 130,597 122,205 199,594 97,750 152,791
ACCRUALS FOR TRAVEL/COMMUNICATIONS - - - 30,560 -
ACCRUAL FOR US TRUSTEE FEE 1,250 2,500 1,667 3,334 5,001
------------ ---------- ---------- ---------- ----------
131,847 124,705 201,261 131,644 157,792
============ ========== ========== ========== ==========
27 OTHER PRE-PETITION LIABILITIES
-------------------------------------------
EMPLOYMENT TAX & W/H LIABILITY ESCROW * - 442,726 * 442,726 444,697 444,697 444,697
----------- ------------ ---------- ---------- ---------- ----------
TOTAL OTHER PRE PETITION LIABILITIES - 442,726 442,726 444,697 444,697 444,697
=========== ============ ========== ========== ========== ==========
</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: 2 OF 2 PAGES
<PAGE>
----------------------------------------------- Monthly Operating Report
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
ACCRUAL BASIS-2
CASE NUMBER: 00-30748-RCM
-----------------------------------------------
<TABLE>
<CAPTION>
-------------------------------------------
INCOME STATEMENT **** AMOUNTS ARE UNAUDITED ****
-------------------------------------------------------------------------------------
UNAUDITED
----------------------------------------------------------------------------------------------------------------------------------
JANUARY FEBRUARY MARCH APRIL MAY JUNE TOTAL
REVENUES
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
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 63,750 318,750
----------------------------------------------------------------------------------------------------------------------------------
10 SELLING & MARKETING - - -
----------------------------------------------------------------------------------------------------------------------------------
11 GENERAL & ADMINISTRATIVE - 482,174 531,478 723,904 662,231 364,287 2,764,074
----------------------------------------------------------------------------------------------------------------------------------
12 RENT & LEASE - 55,586 83,135 58,337 62,421 37,018 296,497
----------------------------------------------------------------------------------------------------------------------------------
13 OTHER (ATTACH LIST) - 54,165 54,165 40,042 40,042 40,042 228,455
----------------------------------------------------------------------------------------------------------------------------------
14 TOTAL OPERATING EXPENSES - 655,674 732,529 886,033 828,444 505,097 3,607,777
----------------------------------------------------------------------------------------------------------------------------------
15 INCOME(LOSS) BEFORE NON-
OPERATING INCOME & EXPENSE - (655,674) (732,529) (886,033) (828,444) (505,097) (3,607,777)
----------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME & EXPENSE
----------------------------------------------------------------------------------------------------------------------------------
16 NON-OPERATING INCOME - 547,292 296,243 251,012 5,943,767 288,029 7,326,341
----------------------------------------------------------------------------------------------------------------------------------
17 NON-OPERATING EXPENSE - 108 - (2,577) - (2,469)
----------------------------------------------------------------------------------------------------------------------------------
18 INTEREST EXPENSE - - - -
----------------------------------------------------------------------------------------------------------------------------------
19 DEPRECIATION/DEPLETION - 54,284 59,625 57,038 53,242 56,230 280,418
----------------------------------------------------------------------------------------------------------------------------------
20 AMORTIZATION - -
----------------------------------------------------------------------------------------------------------------------------------
21 OTHER (ATTACH LIST) - 33,953 (67) 51,806 7,280 92,972
----------------------------------------------------------------------------------------------------------------------------------
22 NET OTHER INCOME & EXPENSES - 492,900 202,666 196,618 5,838,719 224,519 6,955,422
----------------------------------------------------------------------------------------------------------------------------------
REORGANIZATION EXPENSES
----------------------------------------------------------------------------------------------------------------------------------
23 PROFESSIONAL FEES - 461,183 420,200 526,239 366,692 298,359 2,072,669
----------------------------------------------------------------------------------------------------------------------------------
24 U. S. TRUSTEE FEES - 1,250 1,250 4,167 1,667 1,667 10,001
----------------------------------------------------------------------------------------------------------------------------------
25 OTHER (ATTACH LIST) - -
----------------------------------------------------------------------------------------------------------------------------------
26 TOTAL REORGANIZATION EXPENSES - 462,433 421,450 530,406 368,359 300,026 2,082,674
----------------------------------------------------------------------------------------------------------------------------------
27 INCOME TAX - -
----------------------------------------------------------------------------------------------------------------------------------
28 NET PROFIT (LOSS) - (625,207) (951,313) (1,219,821) 4,641,916 (580,604) 1,264,971
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) Expenses previously reported as professional fees were reclassed to
consulting fees (G&A) line 11 in May 2000. Professional fees
include only professionals listed in MOR-6 Professionals detail.
Prior months have also been restated.
(2) Taboada settlement completed May 2, 2000. Funds were deposited into
Andrews & Kurth's account and transferred to PRG in June 2000.
PAGE: 1 OF 1 PAGES
<PAGE>
----------------------------------------------- DETAIL SCHEDULE
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS 2
MONTH: JUNE 2000
CASE NUMBER: 00-30748-RCM -----------
-----------------------------------------------
<TABLE>
<CAPTION>
**** AMOUNTS ARE UNAUDITED ****
ITEM
NO DESCRIPTION JANUARY FEBRUARY MARCH APRIL MAY JUNE
----------------------------------------------------------------------------------------- ---------- --------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
11 GENERAL & ADMINISTRATIVE:
-------------------------------------------
SALARIES 221,522 231,686 179,593 142,340 149,020
CONSULTING FEES 159,746 101,958 335,318 307,648 127,981
PAYROLL TAXES 22,068 42,398 14,772 13,277 11,578
INSURANCE 61,938 58,888 83,900 131,953 38,194
TRAVEL 2,096 8,108 5,832 9,189 15,894
LODGING 914 3,839 1,766 3,216 4,874
CONTRACT LABOR 6,732 5,779 8,559 3,533 9,054
OFFICE SUPPLIES & EXPENSE 5,144 10,220 11,872 13,795 9,604
POSTAGE & DELIVERY 1,519 816 1,991 869
TELEPHONE 935 23,527 76,988 32,709 (8,447) ##
MAINTENANCE & REPAIR 456 42,651 2,279 1,657 5,538
DATA PROCESSING 623 906 2,208 922 128
--------- ---------- ---------- --------- ----------
TOTAL GENERAL & ADMINISTRATIVE 482,174 531,479 723,903 662,230 364,287
========= ========== ========== ========= ==========
(1) Reversal of previous accrual in excess of expenses for
cable, wireless, & MCI
13 OTHER OPERATING EXPENSES
-------------------------------------------
ASC MANAGEMENT FEES 54,165 54,165 40,042 40,042 40,042
--------- ---------- ---------- --------- ----------
TOTAL OTHER OPERATING EXPENSES 54,165 54,165 40,042 40,042 40,042
========= ========== ========== ========= ==========
16 NON-OPERATING INCOME
-------------------------------------------
TABOADA SETTLEMENT 5,759,551 -
GAIN (LOSS) ON SALE OF ASSETS - (22,077) 1,375 (114,547) -
TAX REFUND 6,664 - - - -
INTEREST INCOME 190,627 315,080 245,515 298,748 261,322
LEGAL EXPENSE REIMBURSEMENT 350,000 - - - -
941 TAX REFUNDS (1996) 9,873
MISCELLANEOUS - 3,240 4,123 15 16,834
--------- ---------- ---------- --------- ----------
TOTAL OTHER INCOME & EXPENSE 547,291 296,243 251,012 5,943,767 288,029
========= ========== ========== ========= ==========
21 NON-OPERATING EXPENSES
-------------------------------------------
PENALTIES & LATE FEES - 20,096 (67) 25 0
FRANCHISE TAXES - - - 66,650 -
ANNUAL REPORTS - - - - 7,280
PROPERTY TAXES - 13,857 - (14,870) -
--------- ---------- ---------- --------- ----------
TOTAL OTHER NON OPERATING EXPENSES - 33,953 (67) 51,805 7,280
========= ========== ========== ========= ==========
</TABLE>
PAGE: 1 OF 1 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 JUNE QUARTER
DISBURSEMENTS - UN AUDITED TOTAL
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 BEGINNING BALANCE 47,747,118 47,747,118 49,389,301 49,086,692 48,612,065 48,123,077 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) - 2,100,148 317,020 256,327 375,929 5,828,607 8,878,031
------------------------------------------------------------------------------------------------------------------------------
9 TOTAL NON-OPERATING RECEIPTS - 2,100,148 317,020 256,327 375,929 5,828,607 8,878,031
==============================================================================================================================
10 TOTAL RECEIPTS - 2,100,148 317,020 256,327 375,929 5,828,607 8,878,031
==============================================================================================================================
11 TOTAL CASH AVAILABLE 47,747,118 49,847,266 49,706,321 49,343,019 48,987,994 53,951,684 56,625,149
------------------------------------------------------------------------------------------------------------------------------
OPERATING DISBURSEMENTS
------------------------------------------------------------------------------------------------------------------------------
12 NET PAYROLL - 212,195 156,307 172,989 142,770 143,995 828,257
------------------------------------------------------------------------------------------------------------------------------
13 PAYROLL TAXES PAID - 214,427 76,264 87,977 71,297 76,379 526,343
------------------------------------------------------------------------------------------------------------------------------
14 SALES, USE & OTHER TAXES PAID - - 73,448 53,141 87,626 330 214,545
------------------------------------------------------------------------------------------------------------------------------
15 SECURED/ RENTAL/ LEASES (NOTE 1) - - - - - - -
------------------------------------------------------------------------------------------------------------------------------
16 UTILITIES - 923 24,575 30,030 42,742 26,622 124,892
------------------------------------------------------------------------------------------------------------------------------
17 INSURANCE - 1,927 17,581 16,222 81,202 56,192 173,123
------------------------------------------------------------------------------------------------------------------------------
18 INVENTORY PURCHASES - - - - - - -
------------------------------------------------------------------------------------------------------------------------------
19 VEHICLE EXPENSE - - - - - - -
------------------------------------------------------------------------------------------------------------------------------
20 TRAVEL - 3,377 9,233 8,057 6,759 27,293 54,719
------------------------------------------------------------------------------------------------------------------------------
21 ENTERTAINMENT - ONSITE MEALS - 764 340 - 1,167 1,112 3,383
------------------------------------------------------------------------------------------------------------------------------
22 REPAIRS & MAINTENANCE - 456 5,479 2,604 9,071 25,012 42,621
------------------------------------------------------------------------------------------------------------------------------
23 SUPPLIES - 6,066 8,801 11,451 14,289 9,003 49,610
------------------------------------------------------------------------------------------------------------------------------
24 ADVERTISING - - - - - - -
------------------------------------------------------------------------------------------------------------------------------
25 OTHER (ATTACH LIST) - 17,829 238,431 136,581 279,825 250,971 923,638
------------------------------------------------------------------------------------------------------------------------------
26 TOTAL OPERATING DISBURSEMENTS - 457,965 610,459 519,051 736,749 616,908 2,941,131
------------------------------------------------------------------------------------------------------------------------------
REORGANIZATION FEES
------------------------------------------------------------------------------------------------------------------------------
27 PROFESSIONAL FEES - - - 206,903 128,168 246,697 581,769
------------------------------------------------------------------------------------------------------------------------------
28 U. S. TRUSTEE FEES - - - 5,000 - - 5,000
------------------------------------------------------------------------------------------------------------------------------
29 OTHER (ATTACH LIST) - - 9,171 - - - 9,171
------------------------------------------------------------------------------------------------------------------------------
30 TOTAL REORGANIZATION EXPENSES - - 9,171 211,903 128,168 246,697 595,940
------------------------------------------------------------------------------------------------------------------------------
31 TOTAL DISBURSEMENTS - 457,966 619,629 730,954 864,917 863,605 3,537,071
------------------------------------------------------------------------------------------------------------------------------
32 NET CASH FLOW - 1,642,183 (302,609) (474,627) (488,988) 4,965,001 5,340,960
------------------------------------------------------------------------------------------------------------------------------
33 CASH - END OF MONTH 47,747,118 49,389,301 49,086,692 48,612,065 48,123,077 53,088,078 53,088,078
------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</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>
DETAIL SCHEDULES
--------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS 3
CASE NUMBER: 0030-748-RCM MONTH: JUNE 2000
------------
--------------------------------------------
<TABLE>
<CAPTION>
ITEM *** AMOUNTS ARE UNAUDITED ***
NO DESCRIPTION JANUARY FEBRUARY MARCH APRIL MAY JUNE
------------------------------------------------------------------------------------------ ------------ ----------- -----------
<S> <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
INTEREST INCOME - 204,985 235,025 276,244 242,160
D & O INSURANCE CLAIM REFUND 350,000 - - - -
TAX REFUNDS 35,460 - - - 10,799
COBRA PAYMENTS RECEIVED 13,346 17,667 6,171 4,990 17,973
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
REIMBURSEMENT OF ADMIN EXPENSES 371 2,111 4,115 100 11,125
--------- ---------- ------------ ----------- -----------
2,100,148 317,020 256,327 355,929 5,828,607
========= ========== ============ =========== ===========
TOTAL NON OPERATING RECEIPTS 2,100,148 317,020 256,327 375,929 5,828,607
--------- ---------- ------------ ----------- -----------
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.
25 OTHER OPERATING DISBURSEMENTS
--------------------------------------------
INVESTOR RELATIONS - 3,500 4,130 379 -
CONTRACT LABOR - OTHER 6,732 10,992 19,899 6,505 5,100
PENALTIES & LATE FEES 108 65 1,038 4,285 7,384
CONSULTING FEES 8,616 129,425 83,675 216,417 165,736
OFFICE & STORAGE UNIT RENTAL 350 93,108 25,610 51,319 55,558
DATA PROCESSING SERVICES 623 906 1,707 624 928
TRAINING - - 522 297 450
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
========= ========== ============ =========== ===========
29 OTHER REORGANIZATION FEES
--------------------------------------------
ADVERTISING OF BANKRUPTCY IN WSJ & OTHER PUBS - 5,669 - - -
INVESTOR RELATIONS - 3,500 - - -
--------- ---------- ------------ ----------- -----------
- 9,169 - - -
========= ========== ============ =========== ===========
</TABLE>
PAGE: 1 OF 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 JANUARY FEBRUARY MARCH APRIL MAY JUNE
ACCOUNTS RECEIVABLE AGING AMOUNT
-----------------------------------------------------------------------------------------------------------------------------
<S> <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: JUNE 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 157,976 28,622 (1) 149,449 (2) 336,046
================================================================================================
</TABLE>
(1) In accordance with court order, unpaid liabilities to professionals
(Jackson Walker liability of $12,470, and Hughes & Luce liability of
$16,152) until approved for payment by court.
(2) Unpaid liabilities to professionals (Andrews & Kurth liability of
$92,426; Jackson Walker liability of $28,350; Bell Nunnally liability
of $4,688; Hughes Luce liability of $7,289) until approved for
payment by court. Disputed invoice with MCI $16,695.
<TABLE>
<CAPTION>
----------------------------------
STATUS OF POSTPETITION TAXES MONTH: JUNE 2000
----------------------------------
------------------------------------------------------------------------------------------------
BEGINNING TAX AMOUNT WITHHELD AMOUNT PAID ENDING TAX
FEDERAL (ADP REPORTS ATTACHED) LIABILITY* LIABILITY
------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 WITHHOLDING ** - 51,529 51,529 -
------------------------------------------------------------------------------------------------
2 FICA-EMPLOYEE ** - 11,498 11,498 -
------------------------------------------------------------------------------------------------
3 FICA-EMPLOYER ** - 11,498 11,498 -
------------------------------------------------------------------------------------------------
4 UNEMPLOYMENT - - - -
------------------------------------------------------------------------------------------------
5 INCOME - - - -
------------------------------------------------------------------------------------------------
6 OTHER(ATTACH LIST) - - - -
================================================================================================
7 TOTAL FEDERAL TAXES - 74,524 74,524 -
================================================================================================
STATE AND LOCAL
------------------------------------------------------------------------------------------------
8 WITHHOLDING - 1,774 1,774 -
------------------------------------------------------------------------------------------------
9 SALES - - - -
------------------------------------------------------------------------------------------------
10 EXCISE - - - -
------------------------------------------------------------------------------------------------
11 UNEMPLOYMENT (Note 1) - 80 80 -
------------------------------------------------------------------------------------------------
12 REAL PROPERTY - - - -
------------------------------------------------------------------------------------------------
13 PERSONAL PROPERTY - - - -
------------------------------------------------------------------------------------------------
14 OTHER (ATTACH LIST) - - - -
================================================================================================
15 TOTAL STATE & LOCAL - 1,855 1,855 -
================================================================================================
16 TOTAL TAXES - 76,379 76,379 -
================================================================================================
* 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.
====================================================================================================================================
</TABLE>
PAGE: 1 OF 1 PAGES
<PAGE>
<TABLE>
===========================================================================================================================
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 **********
----------------------------------
BANK RECONCILIATIONS MONTH: JUNE 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
--------------------------------------------------------------------------------------------------------------
PRG
Eye Corp Georgia AOI Stock Plan TAX ESCROW
C. PURPOSE (TYPE) OPERATING (1) Proceeds Proceeds Proceeds Escrow (3)
---------------------------------------------------------------------------------------------------------------------------
1 BALANCE PER BANK
STATEMENT 3,321,700 49,327 50,828 52,212 20,385 857,139 4,351,590
---------------------------------------------------------------------------------------------------------------------------
2 ADD: TOTAL DEPOSITS NOT
CREDITED
---------------------------------------------------------------------------------------------------------------------------
3 SUBTRACT: OUTSTANDING
CHECKS 85,202 85,202
---------------------------------------------------------------------------------------------------------------------------
4 (2) OTHER RECONCILING ITEMS 120 120
---------------------------------------------------------------------------------------------------------------------------
5 MONTH END BALANCE PER
BOOKS 3,236,618 49,327 50,828 52,212 20,385 857,139 4,266,509
---------------------------------------------------------------------------------------------------------------------------
6 NUMBER OF LAST CHECK
WRITTEN 1,818 N/A
---------------------------------------------------------------------------------------------------------------------------
* 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 to be refunded in July 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.
--------------------------------
INVESTMENT ACCOUNTS MONTH: JUNE 2000
----------------------------------------
---------------------------------------------------------------------------------------------------------------------------
BANK ACCOUNT NAME AND NUMBER DATE OF PURCHASE TYPE OF INSTRUMENT PURCHASE PRICE CURRENT VALUE
---------------------------------------------------------------------------------------------------------------------------
7a Southwest Bank of Texas 18-May-00 US Treasury Bill 21,844,285 22,008,688
---------------------------------------------------------------------------------------------------------------------------
7b Southwest Bank of Texas 30-Jun-00 US Treasury Bill 2,999,564 2,998,271
---------------------------------------------------------------------------------------------------------------------------
Southwest Bank of Texas -
8a Investments for Eye Corp* 29-Jun-00 US FNMA 4,219,373 4,219,803
---------------------------------------------------------------------------------------------------------------------------
Southwest Bank of Texas _
8b Investments for PRG Georgia* 29-Jun-00 US FNMA 3,511,411 3,511,770
----------------------------------------------------------------------------------------------------------------------------
Southwest Bank of Texas -
8c Investments for AOI* 29-Jun-00 US FNMA 15,923,750 15,925,375
----------------------------------------------------------------------------------------------------------------------------
9 Southwest Bank of Texas 21-Jan-00 Certificate of Deposit 154,000 157,662
----------------------------------------------------------------------------------------------------------------------------
10 TOTAL INVESTMENTS 48,652,383 48,821,569
----------------------------------------------------------------------------------------------------------------------------
----------------------------------
CASH
----------------------------------------------------------------------------------------------------------------------------
11 CURRENCY ON HAND -
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
12 TOTAL CASH - END OF MONTH 53,088,078
----------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</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 subsidiaries 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: JUNE 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.
<TABLE>
-------------------------------------------------------------------------------------------
INSIDERS
-------------------------------------------------------------------------------------------
NAME TYPE OF PAYMENT AMOUNT PAID TOTAL PAID
TO DATE
-------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 LANE EDENBURN SALARY 14,583 72,917
-------------------------------------------------------------------------------------------
2 KAREN NICOLAOU SALARY 11,667 58,334
-------------------------------------------------------------------------------------------
3 MICHAEL YEARY SALARY 37,500 187,500
-------------------------------------------------------------------------------------------
SUBTOTAL (See Note 1) 63,750 318,750
-------------------------------------------------------------------------------------------
4 KAREN NICOLAOU EXP REIMBRMT 1,265 8,051
-------------------------------------------------------------------------------------------
5 MICHAEL YEARY EXP REIMBRMT 9,577 15,432
(See Note 2)
-------------------------------------------------------------------------------------------
6 LANE EDENBURN EXP REIMBRMT - 991
-------------------------------------------------------------------------------------------
6 TOTAL PAYMENTS TO INSIDERS 74,592 342,234
-------------------------------------------------------------------------------------------
</TABLE>
Note 1: Insiders Salary is reported on line 9, MOR-2. Expense
reimbursements for insiders is included in line 11, MOR-2
Note 2: Although expenses have been accrued into the appropriate
accounting periods, current reimbursements include expenses for
the period covering April 00 through June 00.
<TABLE>
--------------------------------------------------------------------------------------------------------------------------
PROFESSIONALS
--------------------------------------------------------------------------------------------------------------------------
NAME DATE OF COURT AMOUNT AMOUNT PAID TOTAL PAID TO TOTAL INCURRED
ORDER AUTHORIZING APPROVED DATE & UNPAID * (1)
PAYMENT
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 ANDREWS & KURTH 0 0 165,865 829,003
--------------------------------------------------------------------------------------------------------------------------
2 JACKSON WALKER 105,092 105,092 171,701 150,000
--------------------------------------------------------------------------------------------------------------------------
3 MANN FRANKFORT - -
--------------------------------------------------------------------------------------------------------------------------
4 QUANTUM INTERESTS 62,417 (1) 62,417 204,229 -
--------------------------------------------------------------------------------------------------------------------------
5 HUGHES & LUCE 67,816 67,816 97,298 150,000
--------------------------------------------------------------------------------------------------------------------------
6 BELL & NUNNELLY 11,372 11,372 22,677 23,000
--------------------------------------------------------------------------------------------------------------------------
5 TOTAL PAYMENTS TO PROFESSIONALS 246,697 246,697 541,794 1,152,003
--------------------------------------------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED.
(1) Payment for services for the May 16-31, 2000 and June 1-30, 2000 was remitted in June 2000, plus expenses of $2,417.
--------------------------------------------------------------------------------------------------------
POST PETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS
--------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
NAME OF CREDITOR SCHEDULED MONTHLY AMOUNTS PAID TOTAL UNPAID
PAYMENTS DUE DURING MONTH POSTPETITION
------------------------------------------------------------------------------------------------------------
1
------------------------------------------------------------------------------------------------------------
2
------------------------------------------------------------------------------------------------------------
3
------------------------------------------------------------------------------------------------------------
4
------------------------------------------------------------------------------------------------------------
5
------------------------------------------------------------------------------------------------------------
6 TOTAL
------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
PAGE: 1 OF 1 PAGES
<PAGE>
================================================================================
_________________________________________________ Monthly Operating Report
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
_________________________________________________ ACCRUAL BASIS - 7
CASE NUMBER: 00-30748-RCM
_________________________________________________
_________________________________________________
QUESTIONNAIRE MONTH: JUNE 2000
_________________________________________________ ______________
______________________________________________________________________
YES NO
______________________________________________________________________
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
______________________________________________________________________
If the answer to any of the above questions is "yes," provide a
detailed explanation of each item. Attach additional sheets
if necessary.
In accordance with court order, payment of fifteen thousand eight
hundred fifteen and thirty-three cents ($15,815.33) was paid to
Vantagesource LLP for tax software maintenace.
In accordance with court order, a total of three hundred seventy
nine dollars and zero cents ($379) was paid for prepetition
franchise taxes for Physicians
Resource Group, Inc. and its affiliated companies.
___________________________________
INSURANCE
______________________________________________________________________
YES NO
______________________________________________________________________
1 Are workers compensation, general liability and other
necessary insurance coverages in effect? X
______________________________________________________________________
2 Are all premium payments paid current. X
______________________________________________________________________
3 Please itemized policies below. SCHEDULE
ATTACHED
______________________________________________________________________
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.
__________________________________________________________________________
INSTALLMENT PAYMENTS
__________________________________________________________________________
TYPE OF POLICY CARRIER PERIOD PAYMENT
________________
COVERED AMOUNT FREQUENCY
__________________________________________________________________________
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
__________________________________________________________________________
__________________________________________________________________________
================================================================================
PAGE: 1 OF 1 PAGES
<PAGE>
______________________________________________
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
RESPONSES TO QUESTIONNAIRE
______________________________________________
CASE NUMBER: 00-30748-RCM MONTH: JUNE 2000
_______________________________________________ _____________
QUESTIONNAIRE
________________________________________________________________
11 Prepetition taxes
____________________________________________________________
Taxing Authority Amount Paid Description
Pennsylvania Dept of Revenue 379.00 1997 Franchise Tax
-----------
Total Paid $379.00
===========
Insurance:
________________________________________________________________
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.
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: JUNE 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 20-Apr-99 20-Apr-00 $ 724,000 $10,000,000
(Renewal and Extension) Insur Co of
Pittsburgh, PA
2 Directors, Officers and Corporate Liability National Union Fire 20-Apr-00 20-Apr-01 $ 450,000 $10,000,000
(One year extension of coverage) Insur Co of
Pittsburgh, PA
3 Directors, Officers and Corporate Liability National Union Fire 20-Apr-01 20-Apr-07 $ 450,000 $10,000,000
(Six year run off.) Insur Co of
Pittsburgh, PA
4
5 Commercial Crime National Union Fire 20-Apr-99 20-Apr-00 $ 15,591 $ 5,000,000
(Note 2) Insur Co of
Pittsburgh, PA
6 Workers Compensation - Standard forms; Hartford Insurance Co/ 31-Dec-99 31-Dec-00 $ 28,259 $ 1,000,000
Extended Broad Form endorsement where Hartford Mid West Insur
applicable
7 Auto Standard Forms & Broad Form Auto Hartford Insurance Co 31-Dec-99 31-Dec-00 $ 2,300 $ 1,000,000
Endorsement
8 Property Hartford Insurance Co 31-Dec-99 31-Dec-00 $ 140,073 $43,835,755
9 Umbrella Liability TIG Specialty Insurance 01-Jun-99 01-Jun-00 $ 185,061 $10,000,000
Note 1: Policy has been extended for a period of one year on terms substantailly the same as the expiring coverage.
Note 2: Policy has been extended for a period of approximately thirty days pending completion of negotiations with
the underwriter.
</TABLE>
PAGE: 1 OF 1 PAGES
