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Exhibit 10.2
 
In re
 
CHARYS HOLDING COMPANY, INC
 
Case No.
 
08-10289 (BLS)
   
Debtor
 
Reporting Period:
 
June 1 through 30

 
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
 
Amounts reported should be from the debtor’s books and not the bank statement.
The beginning cash should be the ending cash from the prior month or, if this is
the first report, the amount should be the balance on the date the petition was
filed. The amounts reported in the "CURRENT MONTH -ACTUAL” column must equal the
sum of the four bank account columns. Attach copies of the bank statements and
the cash disbursements journal. The total disbursements listed in the
disbursements journal must equal the total disbursements reported on this page.
A bank reconciliation must be attached for each account. [See MOR-1 (CON’T)]
 

   
BANK ACCOUNTS
 
ACCOUNT TYPE
 
OPERATING
   
PAYROLL
   
TAX
   
OTHER
   
CURRENT MONTH
ACTUAL (TOTAL OF
ALL ACCOUNTS)
 
ACCOUNT NUMBER (LAST 4 DIGITS)
 
2061
                         
CASH BEGINNING OF MONTH
  $ 3,880     $ -     $ -     $ -     $ 3,880  
RECEIPTS
                                       
CASH SALES
    -       -       -       -       -  
ACCOUNTS RECEIVABLE - PREPETITION
            -       -       -       -  
ACCOUNTS RECEIVABLE - POSTPETITION
            -       -       -       -  
LOANS AND ADVANCES SALE OF ASSETS
            --       --       --       --  
OTHER (Attach List)
    743       -       -       -       743  
TRANSFERS (From Subsidiaries)
    300,495       -       -       -       300,495  
TOTAL RECEIPTS
    301,238       -       -       -       301,238  
DISBURSEMENTS
                                       
NET PAYROLL
    (74,682 )             -       -       (74,682 )
PAYROLL TAXES
    (33,848 )     -       -       -       (33,848 )
EMPLOYEE BENEFITS
    (6,721 )     -       -       -       (6,721 )
TRAVEL EXPENSES
    (9,448 )     -       -       -       (9,448 )
SALES, USE, & OTHER TAXES
            -       -       -       -  
INVENTORY PURCHASES
            -       -       -       -  
SECURED/ RENTAL/ LEASES
    (18,336 )     -       -       -       (18,336 )
INSURANCE
    (24,843 )     -       -       -       (24,843 )
ADMINISTRATIVE
    (10,832 )     -       -       -       (10,832 )
TEMPORARY SERVICES
            -       -       -       -  
CONSULTING FEES
    (39,849 )     -       -       -       (39,849 )
DIRECTOR FEES & EXPENSES
    (24,042 )     -       -       -       (24,042 )
OWNER DRAW
            -       -       -       -  
TRANSFERS (To/For Subsidiaries)
    (2,807 )     -       -       -       (2,807 )
PROFESSIONAL FEES
    (53,260 )     -       -       -       (53,260 )
U.S. TRUSTEE QUARTERLY FEES
            -       -       -       -  
COURT COSTS
            -       -       -       -  
TOTAL DISBURSEMENTS
    (298,668 )     -       -       -       (298,668 )                          
               
NET CASH FLOW
    2,570       -       -       -       2,570  
(RECEIPTS LESS DISBURSEMENTS)
                                                                               
 
CASH – END OF MONTH
  $ 6,450     $ -     $ -     $ -     $ 6,450  

* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE
 
Cash Receipts and Disbursements - Information Supporting above Amounts:
     
OTHER RECEIPTS:
     
Insurance refund
  $ 743         -  
TOTAL OTHER RECEIPTS
  $ 743            
TRANSFERS IN FROM SUBSIDIARIES:
       
Mitchell Site Acquisition, Inc.
  $ 100,000  
Viasys
  $ 35,000  
Cotton Telecom
  $ 9,000  
Contemporary Constructors, Inc.
  $ 6,495  
LFC, Inc
    110,000  
Ayin Tower Management
    40,000  
TOTAL TRANSFERS IN
  $ 300,495            
TRANSFERS OUT TO/FOR THE BENEFIT OF SUBSIDIARIES
       
Contemporary Constructors, Inc.
    2,807         -  
TOTAL TRANSFERS OUT
  $ 2,807  

 
THE FOLLOWING SECTION MUST BE COMPLETED
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH
ACTUAL COLUMN)
 
TOTAL DISBURSEMENTS
  $ 298,668  
LESS: TRANSFERS TO OTHER DEBTOR IN POSSESSION ACCOUNTS
    -  

 
 

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