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Exhibit 10.2
 
In re
CHARYS HOLDING COMPANY, INC
Case No.
 
08-10289 (BLS)
  Debtor
Reporting Period:
 
July 1 through 31

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 disbursement 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. [Sec MOR-I (CON'T)]

         
BANK ACCOUNTS
 
Account Type
 
OPERATING
   
PAYROLL
   
TAX
   
OTHER
   
CURRENT MONTH ACTUAL (TOTAL OF ALL ACCOUNTS)
 
ACCOUNT NUMBER (LAST 4 DIGITS)
                             
CASH BEGINNING OF MONTH
  $ 6,450     $ -     $ -     $ -     $ 6,450  
RECEIPTS
                                       
CASH SALES
    -       -       -       -       -  
ACCOUNTS RECEIVABLE - PREPETITION
            -       -       -       -  
ACCOUNTS RECEIVABLE - POSTPETITTON
            -       -       -       -  
LOANS AND ADVANCES
            -       -       -       -  
SALE OF ASSETS
            -       -       -       -  
OTHER (Attach List)
            -       .       .       -  
TRANSFERS (From Subsidiaries)
    596,958       -       -       -       596,958  
TOTAL RECEIPTS
    596,958       -       -       -       596,958  
DISBURSEMENTS
                         
 
   
 
 
NET PAYROLL
    (69,971 )             -       -       (69,971 )
PAYROLL TAXES
    (31,077 )     -       -       -       (31,077 )
EMPLOYEE BENEFITS
    (8,655 )     -       -       -       (8,655 )
TRAVEL EXPENSES
    (8,409 )     -       -               (8,409 )
SALES, USE, & OTHER TAXES
    (16,054 )     -       -       -       (16,054 )
INVENTORY PURCHASES
    -       -       -               -  
SECURED/ RENTAL/ LEASES
    (16,407 )     -       -       -       (16,407 )
INSURANCE
    -       -       -       -       -  
ADMINISTRATIVE
    (11.922 )     -       -       -       (11,922 )
TEMPORARY SERVICES
    (49,281 )     -       -       -       (49,281 )
CONSULTING FEES
    (21,175 )     -       -       -       (21.175 )
DIRECTOR FEES & EXPENSES
    (19,000 )             -       -       (19,000 )
OWNER DRAW
    -       -       -       -       -  
TRANSFERS (To/For Subsidaries)
    (15,039 )     -       -       -       (15,039 )
PROFESSIONAL FEES
    (47,528 )             -       -       (47,528 )
U.S. TRUSTEE QUARTERLY FEES
    (4,875 )     -       -       -       (4,875 )
COURT COSTS
            -       -       -       -  
TOTAL DISBURSEMENTS
    (319,393 )     -       -       -       (319,393 )                          
               
NET CASH FLOW
    277,565       -       -       -       277,565  
(RECEIPTS LESS DISBURSEMENTS)
                                                                               
 
CASH-END OF MONTH
  $ 284,015     $       $ -     $ -     $ 284,015  
* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE
      0  

Cash Receipts and Disbursements - Information Sunnortine above Amounts:
 
OTHER RECEIPTS:
                -         -  
TOTAL OTHER RECEIPTS
  $ -            
TRANSFERS IN FROM SUBSIDIARIES:
       
Mitchell Site Acquisition, Inc.
  $ 150,000  
Viasys
  $ 15,000  
Cotton
  $ 100,000  
Contemporary Constructors, Inc.
  $ 76,814  
Cotton Telecom
  $ 5,144  
LFC, Inc
  $ 185,000  
Ayin Tower Management
  $ 65,000  
TOTAL TRANSFERS IN
  $ 596,958            
TRANSFERS OUT TO/FOR THE BENEFIT OF SUBSIDIARIES:
       
Contemporary Constructors, Inc.
  $ 15,039         -  
TOTAL TRANSFERS OUT
  $ 15,039  

THE FOLLOWING SECTION MUST BE COMPLETED

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: {FROM CURRENT MONTH
ACTUAL COLUMN)

TOTAL DISBURSEMENTS
  $ 319,393  

 
 

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