IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: June 30, 2001
[Download Table]
BEGINNING BALANCE IN ALL ACCOUNTS $ -- RECEIPTS:
1. Receipts from Operations $ --
2. Other Receipts $ 8,876.95
DISBURSEMENTS
3. Net Payroll
a. Officers $ 209,766.34
b. Others $ 212,419.01
4. Taxes
a. Federal Income Taxes $ 137,670.12
b. FICA Withholdings $ 23,790.36
c. Employee's withholdings $ 89,843.03
d. Employer's FICA $ 23,790.29
e. Federal Unemployment Taxes $ 348.72
f. State Income Tax $ 34,826.96
g. State Employee withholdings $ 554.10
h. All other state taxes $ 2,517.23
5. Necessary Expenses
a. Rent or mortgage payment(s) $ --
b. Utilities $ 22,624.52
c. Insurance $ 145,271.30
d. Merchandise bought for manufacture or sell $ --
e. Garnishments w/h from payroll $ 4,588.62
Employee Expenses $ 17,237.37
Office Supplies & Expenses $ 4,757.22
Other $ 6,415.66
------------
TOTAL DISBURSEMENTS $ 936,420.85
------------
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $(927,543.90)
NET INTERCOMPANY SWEEPS/TRANSFERS - World Access Telecom Group $ --
NET INTERCOMPANY SWEEPS/TRANSFERS - Facilicom International, L.L.C $ --
NET INTERCOMPANY SWEEPS/TRANSFERS - NACT $ --
NET INTERCOMPANY SWEEPS/TRANSFERS - WA Telecom Products Co., Inc. $ 927,543.90
NET INTERCOMPANY SWEEPS/TRANSFERS - WorldXchange $ --
NET INTERCOMPANY SWEEPS/TRANSFERS - CURRENT PERIOD $ 927,543.90
------------
ENDING BALANCE IN Bank of America - Master 03751046297 $ --
ENDING BALANCE IN Bank of America - Disbursement 03299976144 $ --
ENDING BALANCE IN Bank of America - Payroll 03299944407 $ --
ENDING BALANCE IN Bank of America - Payroll Taxes 03751301149 $ --
ENDING BALANCE IN Bank of America - Unemp. Benefit 03751255062 $ --
ENDING BALANCE IN Bank of America - Money Market 851018 $ --
ENDING BALANCE IN Deustch Bank - S/T Investment $ --
ENDING BALANCE IN Bank of America - Restricted Cash $ --
ENDING BALANCE IN Wells Fargo - Restricted Cash 699-3295970 $ --
ENDING BALANCE IN First Union - Commercial Checking 2000003341528 $ --
ENDING BALANCE IN Chase Manhattan Bank - FISC 719-1-362214 $ --
------------
ENDING BALANCE IN ALL ACCOUNTS $ --
============
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOIS EASTERN DIVISION
CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Master Account
Account Number: 03751046297
[Download Table]
DATE DISBURSED DESCRIPTION AMOUNT
-------------- ----------- ------
6/4/2001 MERRILL LYNCH (401K W/H) $ 52,774.17 6/27/2001 MERRILL LYNCH (401K W/H) $ 37,068.86
-----------
$ 89,843.03***
===========
***Funds disbursed by WA Telecom Products Co., Inc. and transferred via Net
Intercompany Sweeps/Transfers
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Payroll Account
Account Number: 03299944407
[Download Table]
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
6/7/2001 Various 6/7/01 Corp Payroll Checks $ 101,212.50
6/11/2001 Various 6/11/01 Corp Payroll Checks $ 156,432.45
6/21/2001 Various 6/21/01 Corp Payroll Checks $ 164,540.40
------------
$ 422,185.35***
============
***Funds disbursed by WA Telecom Products Co., Inc. and transferred via Net
Intercompany Sweeps/Transfers
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Payroll Account
Account Number: 0751301149
[Download Table]
DATE DISBURSED DESCRIPTION AMOUNT
-------------- ----------- ------
6/1/2001 ADP (PROCESSING FEES) $ 313.32 6/7/2001 ADP - PAYROLL TAXES $ 57,729.16 6/8/2001 ADP (PROCESSING FEES) $ 238.00 6/11/2001 ADP - PAYROLL TAXES $ 91,820.88 6/15/2001 ADP (PROCESSING FEES) $ 254.24 6/20/2001 ADP - PAYROLL TAXES $ 73,947.74 6/22/2001 ADP (PROCESSING FEES) $ 115.52 6/29/2001 ADP (PROCESSING FEES) $ 250.22
------------
$ 224,669.08***
============
***Funds disbursed by WA Telecom Products Co., Inc. and transferred via Net
Intercompany Sweeps/Transfers
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Unemployment Benefit Plan and Trust
Account Number: 03751255062
[Download Table]
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
6/7/2001 1639 Allan Graf $ 199.43
--------
$ 199.43***
========
***Funds disbursed by WA Telecom Products Co., Inc. and transferred via Net
Intercompany Sweeps/Transfers
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Flexible Spending
Account Number: 03751039615
[Download Table]
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
6/1/2001 CBA FUND $ 581.00
--------
$ 581.00***
========
***Funds disbursed by WA Telecom Products Co., Inc. and transferred via Net
Intercompany Sweeps/Transfers
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS
For the Month Ending: June 30, 2001STATEMENT OF INVENTORY
[Download Table]
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
----
Ending inventory $ --
====
PAYROLL INFORMATION STATEMENT
[Download Table]
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
[Enlarge/Download Table]
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
----------------------- -------------- ---------------- -------------------- -------------------
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION
CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS
For the Month Ending: June 30, 2001STATEMENT OF AGED RECEIVABLES
[Download Table]
ACCOUNTS RECEIVABLE
Beginning of month balance $ --
Add: sales on account $ --
Less: collections $ --
----
End of month balance $ --
====
[Download Table]
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- ------------ ------------------
$ -- $ -- $ -- $ -- $ --
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
[Download Table]
Beginning of month balance $ 45,311.71
Add: sales on account $ 208,161.36
Less: payments $ 200,894.69
------------
End of month balance $ 52,578.38
============
[Download Table]
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- ------------ ------------------
$52,578.38 $ -- $ -- $ -- $ 52,578.38
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: World Access, Inc. CASE NUMBER: 01-14633-SPS
For the Month Ending: June 30, 2001TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes Yes (X) No ( )
If any of the above have not been paid, state below the tax not paid,
the amounts past due and the date of the last payment.
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISIONDECLARATION UNDER PENALTY OF PERJURY
I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in
Possession (Trustee) declare under penalty of perjury under the laws of the
United States that I have read and I certify that the figures, statements,
disbursement itemizations, and account balances as listed in this Monthly
Report of the Debtor are true and correct as of the date of this report to the
best of my knowledge, information and belief.
/s/ Henry C. Lyon
-------------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS
For the Month Ending: June 30, 2001
[Download Table]
BEGINNING BALANCE IN ALL ACCOUNTS $ 610,463.61 RECEIPTS:
1. Receipts from Operations $ 612,500.95
2. Other Receipts $ 150,000.00
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others (Paid by Parent) $ --
4. Taxes
a. Federal Income Taxes (Paid by Parent) $ --
b. FICA Withholdings (Paid by Parent) $ --
c. Employee's withholdings (Paid by Parent) $ --
d. Employer's FICA (Paid by Parent) $ --
e. Federal Unemployment Taxes (Paid by Parent) $ --
f. State Income Tax $ --
g. State Employee withholdings (Paid by Parent) $ --
h. All other state taxes (Paid by Parent) $ --
5. Necessary Expenses
a. Rent or mortgage payment(s) $ 123,168.45
b. Utilities $ 25,131.27
c. Insurance (Paid by Parent) $ 4,698.89
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses $ --
Computer Access (Paid By Parent) $ 9,250.00
Employee Expenses (Paid By Parent) $ 2,596.67
Building Maintenance $ 251.00
--------------
TOTAL DISBURSEMENTS $ 165,096.28
--------------
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 597,404.67 NET INTERCOMPANY SWEEP TRANSFERS - WATG $ 53,409.64 NET INTERCOMPANY SWEEP TRANSFERS - WATP $ (13,454.44)
--------------
ENDING BALANCE IN Citibank $ 8,411.54
ENDING BALANCE IN National City $ --
ENDING BALANCE IN BofA-Atlanta GA $ (29,755.29)
ENDING BALANCE IN BofA-Dallas TX $ 1,276,630.70
ENDING BALANCE IN Cash Receipts Clearing $ (7,866.52)
ENDING BALANCE IN Petty Cash-Corporate $ 403.05
--------------
ENDING BALANCE IN ALL ACCOUNTS $ 1,247,823.48
==============
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Citibank
Location: Washington, DC
Account Name: Money Management Account
Account Number: 66755141
[Download Table]
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
$ --
----
Total $ --
====
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Atlanta, GA
Account Name:
Account Number: 3299979536
[Download Table]
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
$ --
$ --
$ --
$ --
----
Total $ --
====
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: June 30, 2001
[Download Table]
STATEMENT OF INVENTORY
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
----
Ending inventory $ --
====
PAYROLL INFORMATION STATEMENT
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
[Enlarge/Download Table]
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
----------------------- -------------- --------------- ------------------- -------------------
TMR, Inc 6/1/2001 $ 40,174.00 0 $ --
New World Tower Partners 6/1/2001 $ 12,651.40 0 $ --
Quinby Building Inc 6/1/2001 $ 10,087.82 0 $ --
111 Eight Ave, LLC 6/1/2001 $ 42,485.59 0 $ --
* Corban Communications 6/1/2001 $ 2,220.58 0 $ --
Descalso Howard 6/1/2001 $ 8,585.00 0 $ --
One Wilshire Arcade 6/1/2001 $ 7,938.44 0 $ --
Hatfield Philips 6/1/2001 $ 5,371.63 0 $ --
* Waterton Printers Square 6/1/2001 $ 12,784.41 0 $ --
* Corban lease has been cancelled
* Waterton Printers Square leasee is World Access Telecommunications Group
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: June 30, 2001STATEMENT OF AGED RECEIVABLES
[Enlarge/Download Table]
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY
--------------- ---------------
Beginning of month balance $108,863,992.07 $548,655,308.68
Add: sales on account $ -- $ --
Less: collections $ 612,500.95 $ --
--------------- ---------------
End of month balance $108,251,491.12 $548,655,308.68
=============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
------------- -------------- -------------- -------------- ------------------
$5,430,116.63 $ 2,720,417.45 $40,867,182.55 $59,233,774.49 $ 108,251,491.12
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
[Download Table]
Beginning of month balance $8,872,132.31
Add: sales on account $ 430,701.98
Less: payments of account $ 148,550.72
-------------
End of month balance $9,154,283.57
=============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
----------- -------------- ---------- ------------ ------------------
$282,151.26 $ 8,872,132.31 $ -- $ -- $ 9,154,283.57
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For The Month Ending: June 30, 2001 TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
[Download Table]
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes Yes (X) No ( )
If any of the above have not been paid, state below the tax not paid,
the amounts past due and the date of the last payment.
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISIONDECLARATION UNDER PENALTY OF PERJURY
I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in
Possession (Trustee) declare under penalty of perjury under the laws of the
United States that I have read and I certify that the figures, statements,
disbursement itemizations, and account balances as listed in this Monthly Report
of the Debtor are true and correct as of the date of this report to the best of
my knowledge, information and belief.
/s/ Henry C. Lyon
--------------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS
For the Month Ending: June 30, 2001
[Download Table]
BEGINNING BALANCE IN ALL ACCOUNTS $18,680,103.85 RECEIPTS:
1. Receipts from Operations $ --
2. Other Receipts $ 124,983.28
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others $ --
4. Taxes
a. Federal Income Taxes $ --
b. FICA Withholdings $ --
c. Employee's withholdings $ --
d. Employer's FICA $ --
e. Federal Unemployment Taxes $ --
f. State Income Tax $ --
g. State Employee withholdings $ --
h. All other state taxes $ --
5. Necessary Expenses
a. Rent or mortgage payment(s) $ 56,142.39
b. Utilities $ --
c. Insurance $ --
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses $ --
Employee Expenses $ --
Office Supplies & Expenses $ 1,215.96
Other $ 1,791.18
--------------
TOTAL DISBURSEMENTS $ 59,149.53
--------------
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 65,833.75
NET INTERCOMPANY SWEEPS/TRANSFERS - World Access Telecom Group $ 47.88
NET INTERCOMPANY SWEEPS/TRANSFERS - Facilicom International, L.L.C $ 13,454.44
NET INTERCOMPANY SWEEPS/TRANSFERS - NACT $ 24,656.98
NET INTERCOMPANY SWEEPS/TRANSFERS - World Access, Inc. $ (927,543.90)
NET INTERCOMPANY SWEEPS/TRANSFERS - WorldXchange $ (20,772.31)
NET INTERCOMPANY SWEEPS/TRANSFERS - CURRENT PERIOD $ (910,156.91)
--------------
ENDING BALANCE IN Bank of America - Master 03751046297 $ 424,233.21
ENDING BALANCE IN Bank of America - Disbursement 03299976144 $ 2,131,621.80
ENDING BALANCE IN Bank of America - Payroll 03299944407 $ 236,866.73
ENDING BALANCE IN Bank of America - Payroll Taxes 03751301149 $ 401,362.07
ENDING BALANCE IN Bank of America - Unemp. Benefit 03751255062 $ 9,800.57
ENDING BALANCE IN Bank of America - Money Market 851018 $ 7,896,241.91
ENDING BALANCE IN Deustch Bank - S/T Investment $ 5,026,436.02
ENDING BALANCE IN Bank of America - Restricted Cash $ 1,333,333.95
ENDING BALANCE IN Wells Fargo - Restricted Cash 699-3295970 $ 370,788.39
ENDING BALANCE IN First Union - Commercial Checking 2000003341528 $ 106.04
ENDING BALANCE IN Chase Manhattan Bank - FISC 719-1-362214 $ 4,990.00
--------------
ENDING BALANCE IN ALL ACCOUNTS $17,835,780.69
==============
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: - Payroll Account
Account Number: 03299944407
[Download Table]
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
6/1/2001 XFER IN FROM WXC $ 488,983.10
6/7/2001 XFER IN FROM WXC $ 25,347.14
6/19/2001 XFER IN FROM ADP $ 66,320.50
------------
Total $ 580,650.74
Less WorldxChange and NACT receipts transferred through Net Intercompany
[Download Table]
WorldxChange
6/1/2001 XFER IN FROM WXC $ 488,983.10
6/7/2001 XFER IN FROM WXC $ 25,347.14
NACT 6/19/2001 XFER IN FROM ADP $ 66,320.50
------------
$ 580,650.74
------------
Total WATP Receipts $ --
============
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: - Payroll Tax Account
Account Number: 03751301149
[Download Table]
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
6/6/2001 XFER IN FROM WXC $ 215,707.75
6/7/2001 XFER IN FROM WXC $ 10,563.84
------------
Total $ 226,271.59
Less WorldxChange receipts transferred through Net Intercompany
[Download Table]
6/6/2001 XFER IN FROM WXC $ 215,707.75
6/7/2001 XFER IN FROM WXC $ 10,563.84
------------
$ 226,271.59
------------
Total WATP Receipts $ --
============
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America (Nations Funds)
Location: Charlotte, NC
Account Name: Money Market
Account Number: 851018
[Download Table]
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
6/29/2001 INTEREST RECEIVED $ 29,336.38
-----------
Total WATP Receipts $ 29,336.38
===========
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Wells Fargo
Location: Minneapolis, MN
Account Name: Restricted Cash
Account Number: 699-3295970
[Download Table]
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
6/29/2001 INTEREST RECEIVED $ 461.41
--------
Total WATP Receipts $ 461.41
========
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Deutsche Bank Alex. Brown
Location: Baltimore, MD
Account Name: Investment Account
Account Number: 206-19648
[Download Table]
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
6/29/2001 INTEREST RECEIVED $ 26,123.49
-----------
Total WATP Receipts $ 26,123.49
===========
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Master Account
Account Number: 03751046297
[Download Table]
DATE DISBURSED DESCRIPTION AMOUNT
-------------- ----------- ------
6/4/2001 MERRILL LYNCH (401K W/H) $ 52,774.17
6/4/2001 XFER TO FACILICOM $ 60,000.00
6/5/2001 BANK FEE $ 30.00
6/5/2001 XFER TO FACILICOM $ 60,000.00
6/8/2001 PAT AELVOET $ 7,437.71
6/25/2001 VERIZON (FOR WXC) $200,000.00
6/27/2001 MERRILL LYNCH (401K W/H) $ 37,068.86
-----------
Total $417,310.74
===========
Less: World Access, Inc., Facilicom, WA Telecommunications Group, NACT and
WorldxChange disbursements transferred through Net Intercompany
[Download Table]
World Access, Inc.
6/4/2001 MERRILL LYNCH (401K W/H) $ 52,774.17
6/27/2001 MERRILL LYNCH (401K W/H) $ 37,068.86
Facilicom
6/4/2001 XFER TO FACILICOM $ 60,000.00
6/5/2001 XFER TO FACILICOM $ 60,000.00
WorldxChange
6/8/2001 PAT AELVOET $ 7,437.71
6/25/2001 VERIZON (FOR WXC) $200,000.00
-----------
$417,280.74
-----------
Total WATP Disbursements $ 30.00
===========
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Payroll Account
Account Number: 03299944407
[Download Table]
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
6/1/2001 Various 6/1/01 WXC Payroll Checks $ 488,983.10
6/8/2001 Various 6/8/01 WXC Payroll Checks $ 25,347.14
6/11/2001 Various 6/11/01 WXC Payroll Checks $ 47,570.13
6/7/2001 Various 6/7/01 NACT Payroll Checks $ 16,066.03
6/21/2001 Various 6/21/01 NACT Payroll Checks $ 16,338.54
6/7/2001 Various 6/7/01 Corp Payroll Checks $ 101,212.50
6/11/2001 Various 6/11/01 Corp Payroll Checks $ 156,432.45
6/21/2001 Various 6/21/01 Corp Payroll Checks $ 164,540.40
-------------
Total $1,016,490.29
Less: World Access, Inc., Facilicom, WA Telecommunications Group, NACT and
WorldxChange disbursements transferred through Net Intercompany
[Enlarge/Download Table]
World Access, Inc.
6/7/2001 Various 6/7/01 Corp Payroll Checks $ 101,212.50
6/11/2001 Various 6/11/01 Corp Payroll Checks $ 156,432.45
6/21/2001 Various 6/21/01 Corp Payroll Checks $ 164,540.40
NACT
6/7/2001 Various 6/7/01 NACT Payroll Checks $ 16,066.03
6/21/2001 Various 6/21/01 NACT Payroll Checks $ 16,338.54
WorldxChange
6/1/2001 Various 6/1/01 WXC Payroll Checks $ 488,983.10
6/8/2001 Various 6/8/01 WXC Payroll Checks $ 25,347.14
6/11/2001 Various 6/11/01 WXC Payroll Checks $ 47,570.13
-------------
$1,016,490.29
-------------
Total WATP Disbursements $ --
=============
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Unemployment Benefit Plan and Trust
Account Number: 03751255062
[Download Table]
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- --------
6/7/2001 1639 Allan Graf $ 199.43
--------
Total $ 199.43
Less: World Access, Inc., Facilicom, WA Telecommunications Group, NACT and
WorldxChange disbursements transferred through Net Intercompany.
[Download Table]
World Access, Inc.
6/7/2001 1639 Allan Graf $ 199.43
--------
Total $ 199.43
--------
Total WATP Disbursements $ --
========
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Flexible Spending
Account Number: 03751039615
[Download Table]
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
6/1/2001 CBA FUND $ 581.00
--------
Total $ 581.00
Less: World Access, Inc., Facilicom, WA Telecommunications Group, NACT and
WorldxChange disbursements transferred though Net Intercompany.
[Download Table]
World Access, Inc.
6/1/2001 CBA FUND $ 581.00
--------
Total $ 581.00
--------
Total WATP Disbursements $ --
========
IN THE UNITED STATES BANKRUPTCY COURTFOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: First Union
Location: Delaware
Account Name: World Access Invesment Corp
Account Number: 2000003341528
[Download Table]
DATE DISBURSED DESCRIPTION AMOUNT
-------------- ----------- --------
6/1/2001 Griffin Corp Fees $ 462.14
6/11/2001 Bank Fees $ 24.51
6/29/2001 Griffin Corp Fees $ 455.50
--------
Total WATP Disbursements $ 942.15
IN THE UNITED STATES BANKRUPTCY COURTFOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
For the Month Ending: June 30, 2001
[Download Table]
STATEMENT OF INVENTORY
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
----
Ending inventory $ --
====
PAYROLL INFORMATION STATEMENT
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
[Enlarge/Download Table]
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
----------------------- -------------- --------------- ------------------- -------------------
GE Capital Monthly $ 575.72 2 $ 1,151.44*
Imperial Business Credit Quarterly $ 546.02 0 $ --
North Atlanta Realty Monthly $28,046.00 0 $ --
*Lease is being turned over to attorney's to be rejected.
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
For the Month Ending: June 30, 2001STATEMENT OF AGED RECEIVABLES ACCOUNTS RECEIVABLE
[Download Table]
Beginning of month balance $14,081,460.70
Add: sales on account $ --
Less: collections $ 99,703.46
--------------
End of month balance $13,981,757.24
==============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- --------------- ------------------
$ -- $ -- $ -- $ 13,981,757.24 $ 13,981,757.24
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
[Download Table]
Beginning of month balance $ --
Add: sales on account $ 89,704.34
Less: payments $ 59,149.53
-----------
End of month balance $ 30,554.81
===========
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
---------- ---------- ---------- ------------ ------------------
$30,554.81 $ -- $ -- $ -- $ 30,554.81
IN THE UNITED STATES BANKRUPTCY COURTFOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WA Telcom Products Co., Inc. CASE NUMBER: 01-14635-SPS
For the Month Ending: June 30, 2001 TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
[Download Table]
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
If any of the above have not been paid, state below the tax not paid,
the amounts past due and the date of the last payment.
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISIONDECLARATION UNDER PENALTY OF PERJURY
I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in
Possession (Trustee) declare under penalty of perjury under the laws of the
United States that I have read and I certify that the figures, statements,
disbursement itemizations, and account balances as listed in this Monthly Report
of the Debtor are true and correct as of the date of this report to the best of
my knowledge, information and belief.
/s/ Henry C. Lyon
---------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
SUMMARY OF CASH RECIEPTS AND CASH DISBURSEMENTS
For the Month Ending June 30, 2001
[Download Table]
BEGINNING BALANCE IN ALL ACCOUNTS $487,554.99
RECEIPTS:
1. Receipts from Operations $139,164.87
2. Other Receipts $ 50,604.81
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others (Paid by Parent) $ --
4. Taxes
a. Federal Income Taxes (Paid by Parent) $ --
b. FICA Withholdings (Paid by Parent) $ --
c. Employee's withholdings $ --
d. Employer's FICA (Paid by Parent) $ --
e. Federal Unemployment Taxes (Paid by Parent) $ --
f. State Income Tax $ --
g. State Employee withholdings $ --
h. All other state taxes (Paid by Parent) $ --
5. Necessary Expenses
a. Rent or mortgage payment(s) $ --
b. Utilities $ --
c. Insurance (Paid by Parent) $ 56.93
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses $ --
Employee Expenses $ --
Temporary Help $ --
WorldCom (Paid by Parent) $ --
-----------
TOTAL DISBURSEMENTS $ 56.93
-----------
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $189,712.75
NET INTERCOMPANY SWEEP TRANSFERS - FCI $ 53,409.64
NET INTERCOMPANY SWEEP TRANSFERS - WATP $ 47.88
-----------
ENDING BALANCE IN Bank of America 3751607047 $ 6,487.49
ENDING BALANCE IN Bank of America 3751567556 $291,140.81
ENDING BALANCE IN Bank of America 2591500124 $279,781.10
ENDING BALANCE IN 00-2662-5 Bank West $ 1,067.05
ENDING BALANCE IN CNSC-Merrill Lynch $ 383.40
ENDING BALANCE IN CNSC-SW Bank of TX $ 1,365.58
ENDING BALANCE IN CNSC Tax Acct-Bank of West $ 31,050.76
ENDING BALANCE IN Int Transfer-Cash Transfer $ 7,582.95
ENDING BALANCE IN Bank of the West $ 39.06
ENDING BALANCE IN Mexico Bills $ 35.87
ENDING BALANCE IN Merrill Lynch $ 4,876.15
-----------
ENDING BALANCE IN ALL ACCOUNTS $623,810.22
===========
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
RECEIPTS LISTING
For the Month Ending June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Customer Connection Analyzed Checking
Account Number: 3751607047
[Download Table]
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- --------
06/04/01 Thompson Print Solutions $ 334.26
06/04/01 Little Elm Independent School District $ 343.32
06/04/01 Stephen R. Mathers $ 57.69
06/08/01 Sandra Replogle $ 5.64
06/08/01 Gunter First Baptist Church $ 8.85
06/08/01 James W. Fry $ 35.45
06/13/01 Weilbacher & Associates P.C. $ 2.08
06/13/01 Garner Ministries $ 13.35
06/22/01 SNAP Auto Parts, Inc., #4 $ 25.60
--------
$ 826.24
========
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
RECEIPTS LISTING
For the Month Ending June 30, 2001
Bank: Bank of America
Location: Dallas, Texas
Account Name: Customer Connection Analyzed Checking
Account Number: 3751567556
[Download Table]
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------------
06/05/01 Webway Communications LLC $ 73.16
06/08/01 Norbel Telecom Inc. $ 686.28
06/13/01 VarTec $ 134,484.29
06/28/01 SBC Communications, Inc. Refund $ 185.26
------------
Total $ 135,428.99
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
DISBURSEMENT LISTING
For the Month Ending June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Customer Connection Analyzed Checking
Account Number: 3751607047
[Download Table]
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
No Disbursements in June $ --
----
Total $ --
====
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
DISBURSEMENT LISTING
For the Month Ending June 30, 2001
Bank: Bank of America
Location: Dallas, TX
Account Name: Customer Connection Analyzed Checking
Account Number: 3751567556
[Download Table]
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
No Disbursements in June $ --
----
Total $ --
====
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
For the Month Ending June 30, 2001STATEMENT OF INVENTORY
[Download Table]
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
----
Ending inventory $ --
====
PAYROLL INFORMATION STATEMENT
[Download Table]
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
[Enlarge/Download Table]
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
----------------------- -------------- --------------- -------------------- -------------------
Lease Obligation for Waterton Printers Square disbursement of $12,784.41 is made by Facilicom International, L.L.C.
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
For the Month Ending June 30, 2001STATEMENT OF AGED RECEIVABLES
[Enlarge/Download Table]
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY
Beginning of month balance $106,190,816.31 $38,841,437.35
Add: sales on account $ 10,085.65 $ --
Add: intercompany funding $ 25,952.88
Less: collections $ 138,979.61 $ --
--------------- --------------
End of month balance $106,061,922.35 $38,867,390.23
=============== ==============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
------------ -------------- -------------- -------------- ------------------
$ 564,802.40 $ 5,162,980.31 $18,763,351.96 $81,570,787.68 $ 106,061,922.35
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)**
[Download Table]
Beginning of month balance $ 2,129,962.79
Add: sales on account $ (1,443.09)
Less: payments $ --
--------------
End of month balance $ 2,128,519.70
==============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- -------------- ---------- ------------ ------------------
$ -- $ 2,128,519.70 $ -- $ -- $ 2,128,519.70
** The post-petition balances itemized above are subject to customary
audit and review. Furthermore, the post-petition accounts payable
balance at June 30, 2001 does not include $1,624,136 of invoices
received because the debtor has reviewed and disputes the entire
amounts of such invoices.
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: World Access Telecommunications Group CASE NUMBER: 01-14645-SPS
For The Month Ending: June 30, 2001 TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
[Download Table]
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes Yes (X) No ( )
If any of the above have not been paid, state below the tax not paid,
the amounts past due and the date of the last payment.
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISIONDECLARATION UNDER PENALTY OF PERJURY
I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in
Possession (Trustee) declare under penalty of perjury under the laws of the
United States that I have read and I certify that the figures, statements,
disbursement itemizations, and account balances as listed in this Monthly Report
of the Debtor are true and correct as of the date of this report to the best of
my knowledge, information and belief.
/s/ Henry C. Lyon
----------------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: June 30, 2001
[Download Table]
BEGINNING BALANCE IN ALL ACCOUNTS $ 1,696,217.48 RECEIPTS:
1. Receipts from Operations $ 141,017.16
2. Other Receipts $ 317,987.75
I-Link AR Collections and Interest $ 2,711,470.54
DISBURSEMENTS
3. Net Payroll
a. Officers $ 39,555.53
b. Others $ 522,344.84
4. Taxes
a. Federal Income Taxes $ 116,115.22
b. FICA Withholdings $ 52,537.63
c. Employee's withholdings $ --
d. Employer's FICA $ 52,537.65
e. Federal Unemployment Taxes $ 238.61
f. State Income Tax $ 26,662.95
g. State Employee withholdings $ 4,789.78
h. All other state taxes $ 1,154.22
5. Necessary Expenses
a. Rent or mortgage payment(s) $ --
b. Utilities $ --
c. Insurance $ 20,369.21
d. Insurance (Paid by Parent) $ --
e. Merchandise bought for manufacture or sell $ --
f. Other necessary expenses $ --
Equipment Move $ 7,661.92
Employee Expenses $ 3,029.56
Employee Expenses (Paid by Parent) $ 7,937.71
Network Expense $ 847,702.35
Network Expense (Paid by Parent) $ 200,000.00
Garnishments $ 2,864.25
Commissions $ 482,710.06
I-Link Sweeps $ 2,211,139.67
IBM Lease (Paid By Parent) $ 40,000.00
Cisco Lease - Automatic Deduction $ 4,175.73
--------------
TOTAL DISBURSEMENTS $ 4,643,526.89
--------------
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $(1,473,051.44)
NET INTERCOMPANY SWEEP TRANSFERS $ 20,772.31
--------------
ENDING BALANCE IN High Mark Treasury $ 8,348.63
ENDING BALANCE IN Operating $ 176,718.50
ENDING BALANCE IN WxC/WAXS $ 23,027.28
ENDING BALANCE IN B of A Checking $ 1,118,844.83
ENDING BALANCE IN Chase Manhattan $ (967,196.74)
ENDING BALANCE IN Foothill $ 1,201.97
ENDING BALANCE IN Petty Cash-Corp $ 1,700.00
ENDING BALANCE IN Petty Cash-Cust Srvs $ 200.00
ENDING BALANCE IN GWB Operating $ 1,206.66
ENDING BALANCE IN UBC Operating $ (114,503.39)
ENDING BALANCE IN UBC Payroll $ --
ENDING BALANCE IN UBC Operating $ (5,909.39)
ENDING BALANCE IN Petty Cash $ 300.00
--------------
ENDING BALANCE $ 243,938.35
==============
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Union Bank of California
Location: San Deigo, CA
Account Name: Checking
Account Number: 891009271
[Download Table]
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
06/01/01 N/A CISCO Lease Payment $ 4,175.73
$ --
----------
Total $ 4,175.73
==========
[Download Table]
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ------
06/15/01 0000363190 US WEST $ 524.86
06/15/01 0000363191 US WEST $ 992.89
06/15/01 0000363192 US WEST $ 323.64
06/15/01 0000363193 US WEST $ 1,001.66
06/15/01 0000363194 US WEST $ 2,645.61
06/15/01 0000363195 US WEST $ 5,764.93
06/15/01 0000363196 US WEST $ 1,977.66
06/15/01 0000363197 US WEST $ 5,502.65
06/15/01 0000363198 US WEST $ 103.26
06/15/01 0000363199 US WEST $ 185.02
06/15/01 0000363200 US WEST $ 360.24
06/15/01 0000363201 US WEST $ 5,727.70
06/15/01 0000363202 US WEST $ 0.28
06/15/01 0000363203 US WEST $ 112.08
06/15/01 0000363204 US WEST $ 32.94
06/15/01 0000363205 US WEST $ 41.92
06/15/01 0000363206 US WEST $ 14.24
06/15/01 0000363207 US WEST $ 314.33
06/15/01 0000363208 US WEST $ 13.03
06/15/01 0000363209 US WEST $ 108.67
06/15/01 0000363210 US WEST $ 53.72
06/15/01 0000363211 SPRINT $ 213.88
06/15/01 0000363212 US WEST $ 43.89
06/15/01 0000363213 US WEST $ 40.06
06/15/01 0000363214 US WEST $ 31.78
06/15/01 0000363215 BELL SOUTH $ 923.78
06/15/01 0000363216 BELL SOUTH $ 918.37
06/15/01 0000363217 BELL SOUTH $ 1,311.74
06/15/01 0000363218 P O BOX 105373 $ 0.16
06/15/01 0000363219 BELL SOUTH $ 0.40
06/15/01 0000363220 BELL SOUTH $ 254.42
06/15/01 0000363221 BELL SOUTH $ 124.13
06/15/01 0000363222 BELL SOUTH $ 0.29
06/15/01 0000363223 BELL SOUTH $ 1,744.24
06/15/01 0000363224 BELL SOUTH $ 337.70
06/15/01 0000363225 BELL SOUTH $ 2.05
06/15/01 0000363226 GTE $ 126.95
06/15/01 0000363227 GTE $ 63.54
06/15/01 0000363228 GTE $ 0.04
06/15/01 0000363229 BELL SOUTH $ 1,357.06
06/15/01 0000363230 BELL SOUTH $ 0.27
06/15/01 0000363231 BELL SOUTH $ 0.86
06/15/01 0000363232 BELL SOUTH $ 5.55
06/15/01 0000363233 BELL SOUTH $ 0.28
06/15/01 0000363235 BELL SOUTH $ 2,830.61
06/15/01 0000363236 BELL SOUTH $ 19.51
06/15/01 0000363237 BELL SOUTH $ 0.85
06/15/01 0000363238 BELL SOUTH $ 6.18
06/15/01 0000363239 BELL SOUTH $ 0.29
06/15/01 0000363240 BELL SOUTH $ 478.93
06/15/01 0000363241 BELL SOUTH $ 52.93
06/15/01 0000363242 BELL SOUTH $ 0.65
06/15/01 0000363243 BELL SOUTH $ 3,838.52
06/15/01 0000363244 BELL SOUTH $ 1.29
06/15/01 0000363245 BELL SOUTH $ 706.04
06/15/01 0000363246 BELL SOUTH $ 0.08
06/15/01 0000363248 BELL SOUTH $ 1,140.58
06/15/01 0000363249 BELL SOUTH $ 0.10
06/15/01 0000363250 BELL SOUTH $ 0.54
06/15/01 0000363251 BELL SOUTH $ 2,221.41
06/15/01 0000363252 BELL SOUTH $ 2,608.77
06/15/01 0000363253 BELL SOUTH $ 800.95
06/15/01 0000363254 BELL SOUTH $ 0.24
06/15/01 0000363255 BELL SOUTH $ 0.04
06/15/01 0000363256 BELL SOUTH $ 0.08
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
DISBURSEMENT LISTING
For the Month Ending: June 30, 2001
Bank: Union Bank of California
Location: San Diego, CA
Account Name: Zero Balance Master Account
Account Number: 890106749
[Download Table]
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
-------------- ------------ ----------- ----------
06/25/01 ACH Returned Deposit-I-Link $ 35.16
06/26/01 ACH Returned Deposit-I-Link $ 1,699.70
----------
Total $ 1,734.86
==========
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
For the Month Ending: June 30, 2001STATEMENT OF AGED RECEIVABLES
[Download Table]
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY
-------------- ---------------
Beginning of month balance $39,906,828.67 $476,334,670.91
Add: sales on account $ 1,002,533.73 $ 241,122.80
Add: other I/C transactions $ -- $ 25,270.62
Less: collections $ 140,531.36 $ --
Less: sale of receivables to I-Link $40,768,831.04 $ --
-------------- ---------------
End of month balance $ -- $476,601,064.33
============== ===============
[Download Table]
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- ------------ ------------------
$ -- $ -- $ -- $ -- $ --
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)**
[Download Table]
3RD PARTY INTERCOMPANY
------------- -------------
Beginning of month balance $8,150,266.84 $4,895,607.84
Add: credit extended $1,587,857.94 $ --
Less: payments on account $1,609,233.08 $ --
------------- -------------
End of month balance $8,128,891.70 $4,895,607.84
============= =============
[Download Table]
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
--------- ---------- ---------- ------------ ------------------
$1,286,124.04 $6,842,767.66 $ -- $ -- $8,128,891.70
** The accounts payable balance at June 30, 2001 itemized above may be reduced
in the future by the assumption of certain contracts by I-Link.
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
RECEIPTS LISTING
For the Month Ending: June 30, 2001
Bank: Union Bank of California
Location:
Account Name: World XChange Depository
Account Number: 890009271
[Download Table]
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
06/21/01 Interest $ 28.00
-------
Total $ 28.00
=======
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHER DISTRICT OF ILLINOISEASTERN DIVISION
CASE NAME: WorldxChange Communications CASE NUMBER: 01-14637-SPS
For The Month Ending: June 30, 2001TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes Yes (X) No ( )
If any of the above have not been paid, state below the tax not paid,
the amounts past due and the date of the last payment.
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISIONDECLARATION UNDER PENALTY OF PERJURY
I, Howard R. Hoover, acting as the duly authorized agent for the Debtor in
Possession (Trustee) declare under penalty of perjury under the laws of the
United States that I have read and I certify that the figures, statements,
disbursement itemizations, and account balances as listed in this Monthly
Report of the Debtor are true and correct as of the date of this report to the
best of my knowledge, information and belief.
/s/ Howard R. Hoover
----------------------------------
For the Debtor In Possession
Howard R. Hoover
Designated Officer
