Exhibit B

Monthly Statement

Case:17-03283-LTS Doc#:2259-2 Filed:01/17/18 Entered:01/17/18 19:46:03 Desc:

Exhibit B Page 1 of 11
UNITED STATES DISTRICT COURT 

DISTRICT OF PUERTO RICO

---------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al.,

Debtors.1

---------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

COVER SHEET TO FIRST MONTHLY FEE APPLICATION OF ANDREW WOLFE FOR 

COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF 

EXPENSES INCURRED AS INDEPENDENT CONTRACTOR TO THE FINANCIAL 

OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE OF DEBTORS, THE COMMONWEALTH OF PUERTO RICO

FOR THE PERIOD AUGUST 1, 2017 THROUGH SEPTEMBER 30, 2017

Name of Applicant: Andrew Wolfe

Authorized to Provide

Professional Services to: Financial Oversight and Management Board, as 

Representative for the Debtors Pursuant to

PROMESA Section 315(b)

Period for which compensation

and reimbursement is sought: August 1, 2017 through September 30, 2017

Amount of compensation sought

as actual, reasonable and necessary: $50,000.00

Amount of expense reimbursement sought

as actual, reasonable and necessary: $7,526.14

 1 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number and the last four (4) 

digits of each Debtor’s federal tax identification number, as applicable, are the (i) Commonwealth of Puerto Rico 

(Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax ID: 3481); (ii) Puerto Rico Sales Tax 

Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four Digits of Federal Tax ID: 

8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) 

(Last Four Digits of Federal Tax ID: 3808); and (iv) Employees Retirement System of the Government of the 

Commonwealth of Puerto Rico (“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax 

ID: 9686). (Title III case numbers are listed as Bankruptcy Case numbers due to software limitations).

Case:17-03283-LTS Doc#:2259-2 Filed:01/17/18 Entered:01/17/18 19:46:03 Desc:

Exhibit B Page 2 of 11
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Total Amount for this Invoice: $57,526.14

This is a: X monthly __ interim __ final application.

This is Mr. Wolfe’s first monthly fee application in these cases.

Case:17-03283-LTS Doc#:2259-2 Filed:01/17/18 Entered:01/17/18 19:46:03 Desc:

Exhibit B Page 3 of 11
3

On December 22, 2017, Mr. Wolfe’s first monthly fee application was served on:

FOMB: Counsel for AAFAF:

Financial Oversight and Management Board O’Melveny & Myers LLP,

40 Washington Square South Times Square Tower, 7 Times Square

Office 314A New York, NY 10036

New York, NY 10012 Attn: John J. Rapisardi, Esq.,

Attn: Professor Arthur J. Gonzalez Suzzanne Uhland, Esq.,

 FOMB Board Member Diana M. Perez, Esq.

Office of United States Trustee Office of United States Trustee

Office of the United States Trustee for the District of Office of the United States Trustee for Region 21

Puerto Rico, 75 Spring Street, SW, Room 362

Edificio Ochoa, 500 Tanca Atlanta, GA 30303

Street, Suite 301 Attn: Guy G. Gebhardt

San Juan, PR 00901 Acting United States Trustee (Region 21)

(In re: Commonwealth of Puerto Rico) (In re: Commonwealth of Puerto Rico)

Co-Counsel for the Official Committee of Unsecured 

Creditors:

Fee Examiner (email service only per request):

Paul Hastings LLP Godfrey & Kahn S.C.

200 Park Avenue Attn: Brady C. Williamson

New York, NY 10166 bwilliam@gklaw.com

Attn: Luc. A. Despins, Esq.

 Andrew V. Tenzer, Esq.

 Michael E. Comerford, Esq.

 G. Alexander Bongartz, Esq.

Attn: Luc. A. Despins, Esq.

 and 

Casillas, Santiago & Torres, LLC (Proposed)

El Caribe Office Building 

53 Palmeras Street, Ste. 1601 

San Juan, Puerto Rico 00901-2419 

Attn: Juan J. Casillas Ayala, Esq.

 Diana M. Batlle-Barasorda, Esq.

 Alberto J. E. Añeses Negrón, Esq.

 Ericka C. Montull-Novoa, Esq.

Co-Counsel for the Official Committee of Retirees:

Jenner & Block LLP

919 Third Ave.

New York, NY 1022-3908

Attn.: Robert Gordon, Esq.

 Richard Levin, Esq.

 and 

Bennazar, Garcia & Millian, C.S.P.

Edificio Union Plaza, PH-A Piso 18

Avenida Ponce de Leon #416

Halto Rey, San Juan

Puerto Rico 00918

Attn.: A.J. Bennazar-Zequeira

Case:17-03283-LTS Doc#:2259-2 Filed:01/17/18 Entered:01/17/18 19:46:03 Desc:

Exhibit B Page 4 of 11
Summary of Legal Fees for the Period August 1, 2017 through September 30, 2017

4

Mr. Wolfe’s fee is set at $25,000 per month, so long as he devotes at least half of the 

month’s normal business hours to services for the Financial Oversight and Management Board 

for Puerto Rico (“FOMB”). 

Month Hours of Services 

Performed Fee per Month Notes

August 2017 144 $25,000 Includes two days spent in San 

Juan

September 2017 165 $25,000

TOTAL 309 $50,000

Case:17-03283-LTS Doc#:2259-2 Filed:01/17/18 Entered:01/17/18 19:46:03 Desc:

Exhibit B Page 5 of 11
Summary of Expenses for the Period August 1, 2017 through September 30, 2017

5

EXPENSE CATEGORY AMOUNTS

Taxicab / Car Services Related to Travel $552.56

Meals Related to Travel $109.20

Airplane $4,943.40

Lodging $1,920.98

Total $7,526.14

Case:17-03283-LTS Doc#:2259-2 Filed:01/17/18 Entered:01/17/18 19:46:03 Desc:

Exhibit B Page 6 of 11
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Mr. Wolfe requests payment and reimbursement in accordance with the procedures set 

forth in the Interim Compensation Order [ECF No. 1715] (i.e., payment of ninety percent (90%) 

of the compensation sought, in the amount of $45,000.00, and reimbursement of one-hundred 

percent (100%) of expenses incurred, in the amount of $7,526.14) in the total amount of 

$52,526.14.

Case:17-03283-LTS Doc#:2259-2 Filed:01/17/18 Entered:01/17/18 19:46:03 Desc:

Exhibit B Page 7 of 11
Exhibit A

Case:17-03283-LTS Doc#:2259-2 Filed:01/17/18 Entered:01/17/18 19:46:03 Desc:

Exhibit B Page 8 of 11
Page 1 of Exhibit A

Date Service Description Hours

8/1/2017 Advisory work on HTA 2.0

8/3/2017 Budget call 2.0

8/4/2017 Budget call 2.0

8/6/2017 Advisory work on PREPA 2.0

8/7/2017 Travel to San Juan and work for hearing on HTA 8.0

8/8/2017 Travel to San Juan and work for hearing on HTA 8.0

8/9/2017 Travel to San Juan and work for hearing on HTA; Budget 

work 8.0

8/10/2017 Work on pensions, PREPA, and UPR 4.0

8/12/2017 Travel to New York for meetings and preparation 4.0

8/13/2017 Meeting with mediators 4.0

8/14/2017 Meeting on fiscal plan projections 4.0

8/16/2017 Advisory work on mediation plan 4.0

8/17/2017 Advisory work on mediation plan 4.0

8/18/2017 Advisory work on mediation plan 4.0

8/19/2017 Advisory work on mediation plan 4.0

8/20/2017 Advisory work on mediation plan 4.0

8/21/2017 Advisory work on mediation plan 6.0

8/22/2017 Advisory work on mediation plan 6.0

8/23/2017 Advisory work on mediation plan 6.0

8/24/2017 Advisory work on mediation plan 8.0

8/25/2017 Advisory work on mediation plan 8.0

8/26/2017 Advisory work on mediation plan 4.0

8/27/2017 Advisory work on mediation plan 6.0

8/28/2017 Advisory work on mediation plan 8.0

8/29/2017 Mediation session call-in 8.0

8/30/2017 Mediation session call-in 8.0

8/31/2017 Mediation session call-in 8.0

Subtotal 144.0

9/5/2017 Mediation meeting preparation and advisors call 8.0

9/6/2017 Mediation meeting preparation 8.0

9/7/2017 Mediation meeting preparation 8.0

9/8/2017 Mediation meeting preparation 5.0

9/9/2017 Mediation meeting preparation 2.0

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Exhibit B Page 9 of 11
Page 2 of Exhibit A

Date Service Description Hours

9/11/2017 Mediation meeting preparation 12.0

9/12/2017 Mediation meeting preparation 10.0

9/13/2017 Mediation meeting 8.0

9/15/2017 Debt sustainability analysis 4.0

9/16/2017 Debt sustainability analysis 4.0

9/17/2017 Debt sustainability analysis 4.0

9/18/2017 Debt sustainability analysis 4.0

9/19/2017 Debt sustainability analysis 4.0

9/20/2017 Revision of work to Hurricane Maria 8.0

9/21/2017 Revision of work to Hurricane Maria 8.0

9/22/2017 Revision of work to Hurricane Maria 8.0

9/23/2017 Revision of work to Hurricane Maria 8.0

9/24/2017 Revision of work to Hurricane Maria 8.0

9/25/2017 Revision of work to Hurricane Maria 8.0

9/26/2017 Revision of work to Hurricane Maria 8.0

9/27/2017 Revision of work to Hurricane Maria 8.0

9/28/2017 Revision of work to Hurricane Maria; Analyze mediation 

questions 8.0

9/29/2017 Meeting in Washington DC regarding Hurricane Maria 8.0

9/30/2017 Revision of work to Hurricane Maria 4.0

Subtotal 165.0

TOTAL 309.0

Date Expenses Amount

7/24/2017 United airfare for travel to San Juan (August 7-9, 2017) $1088.20

8/7/2017 Uber from home to Houston airport $37.21

8/7/2017 Breakfast at Houston airport (Cal Cora’s Kitchen) $19.38

8/7/2017 Taxi from San Juan airport to Hilton $23.00

8/8/2017 Taxi from Borges Law Offices to Hilton $18.00

8/8/2017 Palmeras Restaurant in Hilton hotel in San Juan $20.00

8/8/2017

United airfare for travel to New York (August 13-15, 2017) –

Original return flight on 14th changed to 15th without 

additional fee

$1,322.40

8/9/2017 Lodging at Hilton in San Juan (August 7-9, 2017) $671.14

Case:17-03283-LTS Doc#:2259-2 Filed:01/17/18 Entered:01/17/18 19:46:03 Desc:

Exhibit B Page 10 of 11
Page 3 of Exhibit A

Date Expenses Amount

8/9/2017 Taxi from Hilton to San Juan airport $25.00

8/9/2017 Uber from Houston airport to home $50.68

8/13/2017 Uber from home to Houston airport $33.81

8/13/2017 Taxi from New York airport to Manhattan for Monday 

meeting at Proskauer $42.67

8/14/2017 Lodging at Hampton Inn (August 13-14, 2017) $289.23

8/15/2017 Lodging at Hampton Inn (August 14-15, 2017) $373.47

8/15/2017 Taxi from meeting at Rothschild office to New York airport $45.67

8/15/2017 Lunch at New York airport (Au Bon Pain) $13.80

9/5/2017 United airfare for travel to New York (September 12-13, 

2017) $1,022.40

9/12/2017 Uber from home to Houston airport $39.67

9/12/2017 Taxi from New York airport for meeting at Proskauer $53.47

9/12/2017 Lunch at Maoz Falafel & Grill (New York) $10.76

9/13/2017 Lodging at Hilton Garden Inn (September 12-13, 2017) $587.14

9/13/2017 Taxi from Proskauer office to New York airport $51.06

9/13/2017 Lunch at New York airport (Au Bon Pain) $5.30

9/26/2017 United airfare for travel to Washington DC (September 27-29, 

2017) $1,510.40

9/27/2017 Uber from home to Houston airport $50.47

9/27/2017 Lunch at Houston airport (American Craft Tavern) $4.28

9/27/2017 Taxi from Washington DC airport to Proskauer $45.93

9/29/2017 Uber from Bethesda to Proskauer office in Washington DC $22.42

9/29/2017 Breakfast in Washington DC (Cosi) $10.07

9/29/2017 Uber from Proskauer office to Washington DC airport $13.50

9/29/2017 Dinner at Washington DC airport (Bracket Room & Green 

Beans Coffee) $25.61

TOTAL $7,526.14

Case:17-03283-LTS Doc#:2259-2 Filed:01/17/18 Entered:01/17/18 19:46:03 Desc:

Exhibit B Page 11 of 11