The following forms are to be used in the preparation of monthly operating reports for ALL chapter 11 cases. As indicated in the Operating Instructions, additional forms or reports in addition to those that follow may be required by the Office of the United States Trustee in appropriate cases.
The financial reports incorporate standard accounting concepts. However, some of them (most notably the Balance Sheet) adopt formats somewhat different than commonly found to better reflect the unique financial aspects of business in the chapter 11 environment.
Accrual accounting is to be used in all cases. The following forms must be used in all cases unless otherwise noted below.
Form 1 -- TRANSMITTAL AND CERTIFICATIONThis document is to be affixed to the top of the monthly operating report, originals of which are to be filed with the court and the United States Trustee, with copies submitted to the other parties as described in the Operating Requirements.
Form 2 - - OPERATING STATEMENT (Profit and Loss)This form follows standard format. "Total Revenue/Sales" is defined as the total selling price of goods or services transferred by a business to its customers during the reporting period. Extraordinary expense or income is that which occurs outside of the ordinary and usual course of business, including overhead costs related to operating in chapter 11. They are broken out to better reflect the debtor's performance as an ongoing business entity.
Form 3 -- BALANCE SHEETThe asset portion of the balance sheet parallels customary format. Whereas the liability portion is formatted in a manner appropriate for operation under chapter 11, notably, differentiation is made between pre- and post-petition liabilities instead of short and long term liabilities. Additionally,secured debts are to be segregated into those which are the subject of post-petition collateral or financing orders and those which are not.
Form 4 -- SUMMARY OF OPERATIONS
This form is self-explanatory.
Form 5 -- MONTHLY CASH STATEMENT
This form is self-explanatory.
This form is self-explanatory.