EXHIBIT 1 

Time Detail

Case:17-03283-LTS Doc#:3521-1 Filed:07/16/18 Entered:07/16/18 11:01:52 Desc:

Exhibit 1 Page 1 of 8
Andrew Wolfe Time Detail February 2018

Invoice No.  Matter Name Date Timekeeper Name Position/Title Hourly Rate Hours Project Category Fees Task DescriptionFebruary‐18 Title III 2/1/2018 Andrew Wolfe Advisor to Board N/A 10.0       Business operations N/A Fiscal plan development includes mode 0 ling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/2/2018 Andrew Wolfe Advisor to Board N/A 12.0       Business operations N/A Meetings in NYC with FOMB and other a 0 dvisors to discuss fiscal plan and issues for FebFebruary‐18 Title III 2/3/2018 Andrew Wolfe Advisor to Board N/A 8.00         Business operations N/A Meetings in NYC with Judge Hauser's teamFebruary‐18 Title III 2/4/2018 Andrew Wolfe Advisor to Board N/A 3.00         Business operations N/A Meetings in DC with Proskauer lawyers to discuss upcoming Prepa deposition and trialFebruary‐18 Title III 2/5/2018 Andrew Wolfe Advisor to Board N/A 5.00         Business operations N/A Fiscal plan development includes modeling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/6/2018 Andrew Wolfe Advisor to Board N/A 8.00         Business operations N/A Fiscal plan development includes modeling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/7/2018 Andrew Wolfe Advisor to Board N/A 8.00         Business operations N/A Fiscal plan development includes modeling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/8/2018 Andrew Wolfe Advisor to Board N/A 9.00         Business operations N/A Fiscal plan development includes modeling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/9/2018 Andrew Wolfe Advisor to Board N/A 8.50         Business operations N/A Fiscal plan development includes modeling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/10/2018 Andrew Wolfe Advisor to Board N/A 2.0         Business operations N/A Fiscal plan development includes mo 0 deling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/11/2018 Andrew Wolfe Advisor to Board N/A 2.0         Business operations N/A Fiscal plan development includes mo 0 deling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/12/2018 Andrew Wolfe Advisor to Board N/A 8.0         Business operations N/A Fiscal plan development includes mo 0 deling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/13/2018 Andrew Wolfe Advisor to Board N/A 6.0         Business operations N/A Fiscal plan development includes mo 0 deling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/14/2018 Andrew Wolfe Advisor to Board N/A 6.0         Business operations N/A Fiscal plan development includes mo 0 deling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/14/2018 Andrew Wolfe Advisor to Board N/A 3.0         Nonworking travel time N/A Amtrak to NYC 0

February‐18 Title III 2/15/2018 Andrew Wolfe Advisor to Board N/A 10.       Business operations N/A Meetings in NYC with FOMB and other a 00 dvisors to discuss fiscal plan and issues for Feb

February‐18 Title III 2/16/2018 Andrew Wolfe Advisor to Board N/A 8.0         Business operations N/A Meetings in NYC with FOMB and other 0  advisors to discuss fiscal plan and issues for FebFebruary‐18 Title III 2/16/2018 Andrew Wolfe Advisor to Board N/A 3.0         Nonworking travel time N/A Amtrak to DC 0

February‐18 Title III 2/20/2018 Andrew Wolfe Advisor to Board N/A 8.0         Business operations N/A Fiscal plan development includes mo 0 deling work (mainly in excel) that covers excel for

February‐18 Title III 2/21/2018 Andrew Wolfe Advisor to Board N/A 8.0         Business operations N/A Fiscal plan development includes mo 0 deling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/22/2018 Andrew Wolfe Advisor to Board N/A 10.       Business operations N/A Fiscal plan development includes mode 00 ling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/23/2018 Andrew Wolfe Advisor to Board N/A 8.0         Business operations N/A Fiscal plan development includes mo 0 deling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/25/2018 Andrew Wolfe Advisor to Board N/A 1.0         Business operations N/A Fiscal plan development includes mo 0 deling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/26/2018 Andrew Wolfe Advisor to Board N/A 10.       Business operations N/A Fiscal plan development includes mode 00 ling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/27/2018 Andrew Wolfe Advisor to Board N/A 9.0         Business operations N/A Fiscal plan development includes mo 0 deling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/28/2018 Andrew Wolfe Advisor to Board N/A 4.0         Business operations N/A Fiscal plan development includes mo 0 deling work (mainly in excel) that covers excel forFebruary‐18 Title III 2/28/2018 Andrew Wolfe Advisor to Board N/A 5.0         Nonworking travel time N/A Flight from Houston to NYC. 0

182.50

Case:17-03283-LTS Doc#:3521-1 Filed:07/16/18 Entered:07/16/18 11:01:52 De

Exhibit 1 Page 2 of 8
rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings. Worked during the tarin ride through phone call with FOMB advisors.

b 3 mediation session.

.

rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings. Includes 1 hour of meeting at Meculus Think Tank.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings. 

b 16 meeting with Governor and his team.b 3 mediation session.

rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.rmula manipulation, data updating, and background research on my part and interactions with Government or other FOMB advisors through phone calls and/or meetings.

Case:17-03283-LTS Doc#:3521-1 Filed:07/16/18 Entered:07/16/18 11:01:52 De

Exhibit 1 Page 3 of 8
Timekeeper: Andrew Wolfe Independent Contractor to the FOMB, Adjunct Professor at Rice and American Universities

Fee of $25,000 for contracted on a Monthly Retainer for Half‐time Work. Invoice No.  Matter Name Date Timekeeper Name Position/Title Hourly  Hours Project Category Fees Task DescriptionMarch‐18 Title III 3/1/2018 Andrew Wolfe Advisor to Board $500 9.00   Business operations‐‐Fiscal plan development for the Commonwealth  4,500.00 $    Meeting in New York with the FOMB andMarch‐18 Title III 3/2/2018 Andrew Wolfe Advisor to Board $500 8.00   Business operations‐‐Fiscal plan development for the Commonwealth  4,000.00 $    Meetings in NYC with FOMB and GovernoMarch‐18 Title III 3/3/2018 Andrew Wolfe Advisor to Board $500 5.00   Non‐working travel 2,500.00 $    Flight back to HoustonMarch‐18 Title III 3/4/2018 Andrew Wolfe Advisor to Board $500 1.00   Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $        Phone work with FOMB advisor on pensi

March‐18 Title III 3/5/2018 Andrew Wolfe Advisor to Board $500 1.00   Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $        Phone work with Commonwealth adviso

March‐18 Title III 3/6/2018 Andrew Wolfe Advisor to Board $500 4.00   Other economic analysis as required by the FOMB 2,000.00 $    Review of outside report on Puerto Rico.March‐18 Title III 3/7/2018 Andrew Wolfe Advisor to Board $500 2.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Phone call with advisors on pension proje

March‐18 Title III 3/7/2018 Andrew Wolfe Advisor to Board $500 2.00   Other economic analysis as required by the FOMB 1,000.00 $    Review of outside report on Puerto Rico.March‐18 Title III 3/8/2018 Andrew Wolfe Advisor to Board $500 6.00   Other economic analysis as required by the FOMB 3,000.00 $    Review of literature and recommendatio

March‐18 Title III 3/9/2018 Andrew Wolfe Advisor to Board $500 4.00   Other economic analysis as required by the FOMB 2,000.00 $    Review of ETI study on Maria and outside

March‐18 Title III 3/9/2018 Andrew Wolfe Advisor to Board $500 4.00   Business operations‐‐Fiscal plan development for the Commonwealth  2,000.00 $    Preparation for and Board call on fiscal p

March‐18 Title III 3/12/2018 Andrew Wolfe Advisor to Board $500 1.00   Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $        Design work with other advisors on surve

March‐18 Title III 3/12/2018 Andrew Wolfe Advisor to Board $500 4.00   Other economic analysis as required by the FOMB 2,000.00 $    Review of CNE study on Maria.March‐18 Title III 3/12/2018 Andrew Wolfe Advisor to Board $500 1.00   Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $        Phone meeting with advisors  on pension

March‐18 Title III 3/13/2018 Andrew Wolfe Advisor to Board $500 1.00   Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $        Phone call with other advisors and a ban

March‐18 Title III 3/13/2018 Andrew Wolfe Advisor to Board $500 2.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Prep work and coordination with advisor

March‐18 Title III 3/14/2018 Andrew Wolfe Advisor to Board $500 1.00   Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $        Phone call with other advisors and a ban

March‐18 Title III 3/14/2018 Andrew Wolfe Advisor to Board $500 3.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,500.00 $    Phone call with advisors on pension proje

March‐18 Title III 3/15/2018 Andrew Wolfe Advisor to Board $500 4.00   Business operations‐‐Fiscal plan development for the Commonwealth  2,000.00 $    Phone call with advisors on pension proje

March‐18 Title III 3/16/2018 Andrew Wolfe Advisor to Board $500 3.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,500.00 $    Phone call with advisors on pension proje

March‐18 Title III 3/16/2018 Andrew Wolfe Advisor to Board $500 2.00   Other economic analysis as required by the FOMB 1,000.00 $    Review of outside report on Puerto Rico.March‐18 Title III 3/17/2018 Andrew Wolfe Advisor to Board $500 10.00     Business operations‐‐Fiscal plan development for the Commonwealth  5,000.00 $    Work with advisors on long term projecti

March‐18 Title III 3/18/2018 Andrew Wolfe Advisor to Board $500 8.00   Business operations‐‐Fiscal plan development for the Commonwealth  4,000.00 $    Work on long term projections/model reMarch‐18 Title III 3/19/2018 Andrew Wolfe Advisor to Board $500 7.00   Business operations‐‐Fiscal plan development for the Commonwealth  3,500.00 $    Work with advisors in prep for Board callMarch‐18 Title III 3/19/2018 Andrew Wolfe Advisor to Board $500 3.50   Business operations‐‐Fiscal plan development for the Commonwealth  1,750.00 $    Board call of fiscal plan.March‐18 Title III 3/20/2018 Andrew Wolfe Advisor to Board $500 2.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Excel modeling work on long term projecMarch‐18 Title III 3/20/2018 Andrew Wolfe Advisor to Board $501 2.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,002.00 $    Call with FOMB CEO and other advisors oMarch‐18 Title III 3/20/2018 Andrew Wolfe Advisor to Board $500 2.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Follow‐up discussions with certain adviso

March‐18 Title III 3/21/2018 Andrew Wolfe Advisor to Board $500 3.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,500.00 $    Excel modeling work on long term projecMarch‐18 Title III 3/21/2018 Andrew Wolfe Advisor to Board $500 3.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,500.00 $    Phone calls (2 separate) to review McKinMarch‐18 Title III 3/22/2018 Andrew Wolfe Advisor to Board $500 2.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Excel modeling work on long term projecMarch‐18 Title III 3/22/2018 Andrew Wolfe Advisor to Board $500 2.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    E‐mail exchange and analyses of labor ma

March‐18 Title III 3/22/2018 Andrew Wolfe Advisor to Board $500 2.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Phone meeting with CEO of Board and adMarch‐18 Title III 3/22/2018 Andrew Wolfe Advisor to Board $500 1.50   Business operations‐‐Fiscal plan development for the Commonwealth  750.00 $        Phone meeting with CEO of Board, certai

March‐18 Title III 3/23/2018 Andrew Wolfe Advisor to Board $500 1.50   Business operations‐‐Fiscal plan development for the Commonwealth  750.00 $        Phone meeting with Board and advisors.

March‐18 Title III 3/23/2018 Andrew Wolfe Advisor to Board $500 1.50   Business operations‐‐Fiscal plan development for the Commonwealth  750.00 $        Phone discussions with advisors in prepa

March‐18 Title III 3/23/2018 Andrew Wolfe Advisor to Board $500 1.00   Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $        Phone discussions with government advi

March‐18 Title III 3/23/2018 Andrew Wolfe Advisor to Board $500 1.00   Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $        Phone discussion with McKinsie on 30‐ye

March‐18 Title III 3/23/2018 Andrew Wolfe Advisor to Board $500 3.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,500.00 $    Excel work on the 2018‐60 model.

March‐18 Title III 3/23/2018 Andrew Wolfe Advisor to Board $500 1.00   Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $        Follow up from calls Excel work on the 20

March‐18 Title III 3/24/2018 Andrew Wolfe Advisor to Board $500 2.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Prep work on projection model for phone

March‐18 Title III 3/24/2018 Andrew Wolfe Advisor to Board $500 2.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Phone call with a Board member and adv

March‐18 Title III 3/24/2018 Andrew Wolfe Advisor to Board 5.00   Non‐working travel ‐ $                 Travel from Houston to San Juan for BoarMarch‐18 Title III 3/25/2018 Andrew Wolfe Advisor to Board $500 10.00     Business operations‐‐Fiscal plan development for the Commonwealth  5,000.00 $    Meetings in San Juan with the Board and

March‐18 Title III 3/25/2018 Andrew Wolfe Advisor to Board $500 1.50   Business operations‐‐Fiscal plan monitoring for Prepa 750.00 $        Meetings in San Juan with the Board andMarch‐18 Title III 3/25/2018 Andrew Wolfe Advisor to Board $500 2.00   Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Meetings in San Juan at Vanderbilt Conda

March‐18 Title III 3/26/2018 Andrew Wolfe Advisor to Board 5.00   Non‐working travel ‐ $                 Travel from San Juan to Houston followin

March‐18 Title III 3/27/2018 Andrew Wolfe Advisor to Board $500 10.00     Business operations‐‐Fiscal plan development for the Commonwealth  5,000.00 $    Wok with advisors on the 30‐year project

March‐18 Title III 3/28/2018 Andrew Wolfe Advisor to Board $500 6.00   Business operations‐‐Fiscal plan development for the Commonwealth  3,000.00 $    Wok with advisors on the 30‐year project

March‐18 Title III 3/29/2018 Andrew Wolfe Advisor to Board $500 6.00   Business operations‐‐Fiscal plan development for the Commonwealth  3,000.00 $    Discussion with advisors on outside entit

Case:17-03283-LTS Doc#:3521-1 Filed:07/16/18 Entered:07/16/18 11:01:52 De

Exhibit 1 Page 4 of 8
March‐18 Title III 3/30/2018 Andrew Wolfe Advisor to Board $500 1.00   Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $        Discussion with advisors on fiscal plan/bu

152.50 $  70,252.00

Case:17-03283-LTS Doc#:3521-1 Filed:07/16/18 Entered:07/16/18 11:01:52 De

Exhibit 1 Page 5 of 8
Timekeeper: Andrew Wolfe Independent Contractor to the FOMB, Adjunct Professor at Rice and American Universities

Fee of $25,000 for contracted on a Monthly Retainer for Half‐time Work (in April 21 days at 4 hours a day is 85 hours). $25,000100% of services were rendered on behalf of the Commonwealth of Puerto RicoInvoice No.  Matter Name Date Timekeeper Name Position/Title Hourly  Hours Project Category Fees Task DescriptionApril‐18 Title III 4/1/2018 Andrew Wolfe Advisor to Board $500 1.00       Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $       Organization and phone discussion with lawyers about a phone meeting with Cofina creditors on Monday.April‐18 Title III 4/2/2018 Andrew Wolfe Advisor to Board $500 1.00       Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $       Phone meeting with lawyers and Cofina creditors.April‐18 Title III 4/2/2018 Andrew Wolfe Advisor to Board $500 4.00       Business operations‐‐Fiscal plan development for the Commonwealth  2,000.00 $    Deep review of 297 page fiscal plan slides.April‐18 Title III 4/2/2018 Andrew Wolfe Advisor to Board $500 1.00       Other economic analysis as required by the FOMB 500.00 $       Review of poverrty information.April‐18 Title III 4/3/2018 Andrew Wolfe Advisor to Board $500 1.00       Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $       Telephone call with McKinsie on fiscal plan format and reconciliation of models.April‐18 Title III 4/3/2018 Andrew Wolfe Advisor to Board $500 1.00       Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $       Telephone call with DevTec to align on macro forecast modelApril‐18 Title III 4/3/2018 Andrew Wolfe Advisor to Board $500 2.00       Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Excel model work on fiscal plan reconciliation with McKinsie.April‐18 Title III 4/4/2018 Andrew Wolfe Advisor to Board $500 2.00       Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Excel model work on fiscal plan reconciliation with McKinsie.April‐18 Title III 4/4/2018 Andrew Wolfe Advisor to Board $500 1.00       Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $       Review of presentation for Fiday Board meeting.April‐18 Title III 4/5/2018 Andrew Wolfe Advisor to Board $500 6.00       Business operations‐‐Fiscal plan development for the Commonwealth  3,000.00 $    Work on reconcilation of my model with McKinsie'sApril‐18 Title III 4/5/2018 Andrew Wolfe Advisor to Board $500 1.00       Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $       Phone meeting with McKinsie to prep for Friday Board call.

April‐18 Title III 4/6/2018 Andrew Wolfe Advisor to Board $500 2.00       Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Phone meeting with advisors and then with Board as well.April‐18 Title III 4/6/2018 Andrew Wolfe Advisor to Board $500 2.00       Business operations‐‐Fiscal plan monitoring for uncovered entities 1,000.00 $    Phone meeting with Board subcommittee on UPRApril‐18 Title III 4/9/2018 Andrew Wolfe Advisor to Board $500 2.00       Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Revised macro and fiscal projection modeling work, post Board decisions of April 6.April‐18 Title III 4/10/2018 Andrew Wolfe Advisor to Board $500 1.00       Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $       Discussion with McKinsie on revenue projectionsApril‐18 Title III 4/10/2018 Andrew Wolfe Advisor to Board $500 2.00       Other economic analysis as required by the FOMB 1,000.00 $    Research report to CEO of FOMB on structural reforms and monetary policy.April‐18 Title III 4/10/2018 Andrew Wolfe Advisor to Board $500 2.00       Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Discussion with McKinsey consultants on fiscal planApril‐18 Title III 4/11/2018 Andrew Wolfe Advisor to Board $500 2.00       Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Discussion with CEO and McKinsey on fiscal plan and follow up modeling workApril‐18 Title III 4/11/2018 Andrew Wolfe Advisor to Board $500 2.00       Other economic analysis as required by the FOMB 1,000.00 $    Report to CEO of FOMB on structural reforms and fiscal policy mix for fiscal plan..April‐18 Title III 4/11/2018 Andrew Wolfe Advisor to Board $500 2.00       Business operations‐‐Fiscal plan monitoring for uncovered entities 1,000.00 $    Phone meeting with Board subcommittee on UPRApril‐18 Title III 4/12/2018 Andrew Wolfe Advisor to Board $500 3.00       Business operations‐‐Fiscal plan development for the Commonwealth  1,500.00 $    Work with DevTec on revised macro forecast to account for new data for 2015‐17 from the Planning Board

April‐18 Title III 4/12/2018 Andrew Wolfe Advisor to Board $500 3.00       Other economic analysis as required by the FOMB 1,500.00 $    Preparation of Q and A for the CEO of the Board.April‐18 Title III 4/12/2018 Andrew Wolfe Advisor to Board $500 1.50       Business operations‐‐Fiscal plan development for the Commonwealth  750.00 $       Phone meeting with advisors on fiscal plan.April‐18 Title III 4/13/2018 Andrew Wolfe Advisor to Board $500 1.00       Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $       Phone meeting with advisors continued from last night's call on fiscal plan.April‐18 Title III 4/13/2018 Andrew Wolfe Advisor to Board $500 2.00       Other economic analysis as required by the FOMB 1,000.00 $    Preparation of Q and A for the CEO of the Board.April‐18 Title III 4/13/2018 Andrew Wolfe Advisor to Board $500 1.50       Business operations‐‐Fiscal plan development for the Commonwealth  750.00 $       Board conference call on fiscal plan.April‐18 Title III 4/13/2018 Andrew Wolfe Advisor to Board $500 1.00       Business operations‐‐Fiscal plan monitoring for other covered entities 500.00 $       Board subcommittee call on HTA.April‐18 Title III 4/13/2018 Andrew Wolfe Advisor to Board $500 1.00       Business operations‐‐Fiscal plan monitoring for other covered entities 500.00 $       Board subcommittee call on COSSEC.April‐18 Title III 4/14/2018 Andrew Wolfe Advisor to Board $500 1.00       Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $       Work on fiscal plan model on phone call with McKinsey.April‐18 Title III 4/14/2018 Andrew Wolfe Advisor to Board $500 3.00       Business operations‐‐Fiscal plan development for the Commonwealth  1,500.00 $    Work on fiscal plan model with new data to analyzeApril‐18 Title III 4/14/2018 Andrew Wolfe Advisor to Board $500 1.00       Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $       Work on fiscal plan model on phone call with McKinsey and Citi.

April‐18 Title III 4/15/2018 Andrew Wolfe Advisor to Board $500 6.00       Business operations‐‐Fiscal plan development for the Commonwealth  3,000.00 $    Review of 150 pages of fiscal plan documentationApril‐18 Title III 4/16/2018 Andrew Wolfe Advisor to Board $500 2.00       Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Continued review of fiscal planApril‐18 Title III 4/17/2018 Andrew Wolfe Advisor to Board $500 2.00       Business operations‐‐Fiscal plan monitoring for uncovered entities 1,000.00 $    Review of UPR fiscal planApril‐18 Title III 4/17/2018 Andrew Wolfe Advisor to Board $500 6.00       Business operations‐‐Fiscal plan development for the Commonwealth  3,000.00 $    Continued review of fiscal planApril‐18 Title III 4/18/2018 Andrew Wolfe Advisor to Board 5.00       Non‐working travel ‐ $             April‐18 Title III 4/18/2018 Andrew Wolfe Advisor to Board $500 2.00       Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $    Finalization work on fiscal planApril‐18 Title III 4/19/2018 Andrew Wolfe Advisor to Board $500 6.00       Business operations‐‐Fiscal plan development for the Commonwealth  3,000.00 $    Board meeting in San Juan to certify fiscal plan of CW Prepa and PrasaApril‐18 Title III 4/20/2018 Andrew Wolfe Advisor to Board $500 6.00       Business operations‐‐Fiscal plan development for the Commonwealth  3,000.00 $    Board meeting in San Juan to certify fiscal plans of COSSEC, UPR, GDB, and HTAApril‐18 Title III 4/22/2018 Andrew Wolfe Advisor to Board 5.00       Non‐working travel ‐ $             April‐18 Title III 4/25/2018 Andrew Wolfe Advisor to Board $500 1.00       Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $       Coordination call with McKinsey on finalizing fiscalmodel for publicationApril‐18 Title III 4/25/2018 Andrew Wolfe Advisor to Board $500 1.00       Other economic analysis as required by the FOMB 500.00 $       Draft for Ceo to answer certain press queries on the minimum wage.April‐18 Title III 4/25/2018 Andrew Wolfe Advisor to Board $500 2.00       Business operations‐‐Fiscal plan monitoring for other covered entities 1,000.00 $    Work for Board and CEO on impact of tolls on the poor.April‐18 Title III 4/26/2018 Andrew Wolfe Advisor to Board $500 5.00       Business operations‐‐Fiscal plan development for the Commonwealth  2,500.00 $    Work with McKinsey to prepare documentation for posting.April‐18 Title III 4/26/2018 Andrew Wolfe Advisor to Board $500 1.00       Business operations‐‐Fiscal plan monitoring for other covered entities 500.00 $       Work on regressivity of toll hikes.April‐18 Title III 4/27/2018 Andrew Wolfe Advisor to Board $500 4.00       Business operations‐‐Fiscal plan development for the Commonwealth  2,000.00 $    Work with McKinsey to prepare documentation for posting and my own note for posting on methodology of forecast.

111.00 $ 50,500.00

Share of work in Puerto Rico 0.11 $   2,702.70Share of work outside Puerto Rico 0.89 $22,297.30

Case:17-03283-LTS Doc#:3521-1 Filed:07/16/18 Entered:07/16/18 11:01:52 De

Exhibit 1 Page 6 of 8
Timekeeper: Andrew Wolfe Independent Contractor to the FOMB, Adjunct Professor at Rice and American Universities

Fee of $25,000 for contracted on a Monthly Retainer for Half‐time Work (in May 22 days at 4 hours a day is 88 hours). 

100% of services were rendered on behalf of the Commonwealth of Puerto Rico, save one hour on May 18 (Row 48, PREPA)Invoice No.  Matter Name Date Timekeeper Name Position/Title Hourly RHours Project Category Fees Task Description

May‐18 Title III 5/1/2018 Andrew Wolfe Advisor to Board $500 3.00      Work with legal teams on Commonwealth debt 1,500.00 $      Work on "best int

May‐18 Title III 5/1/2018 Andrew Wolfe Advisor to Board $500 3.00      Business operations‐‐Fiscal plan development for the Commonwealth  1,500.00 $      Work on documen

May‐18 Title III 5/1/2018 Andrew Wolfe Advisor to Board $500 1.00      Other economic analysis as required by the FOMB 500.00 $         Work for CEO JareMay‐18 Title III 5/1/2018 Andrew Wolfe Advisor to Board $500 5.00      Other economic analysis as required by the FOMB 2,500.00 $      Work for CEO JareMay‐18 Title III 5/2/2018 Andrew Wolfe Advisor to Board $500 4.00      Work with legal teams on Commonwealth debt 2,000.00 $      Review of legal doMay‐18 Title III 5/2/2018 Andrew Wolfe Advisor to Board $500 2.00      Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $      Work on growth p

May‐18 Title III 5/4/2018 Andrew Wolfe Advisor to Board $500 2.00      Work with legal teams on Commonwealth debt 1,000.00 $      Work on "best int

May‐18 Title III 5/4/2018 Andrew Wolfe Advisor to Board $500 2.00      Work with advisors on Commonwealth debt 1,000.00 $      Work on "best intMay‐18 Title III 5/4/2018 Andrew Wolfe Advisor to Board $500 1.00      Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $         Work on growth p

May‐18 Title III 5/4/2018 Andrew Wolfe Advisor to Board $500 2.00      Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $      Call with Board an

May‐18 Title III 5/6/2018 Andrew Wolfe Advisor to Board $500 2.00      Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $      Work on labor ref

May‐18 Title III 5/7/2018 Andrew Wolfe Advisor to Board $500 2.00      Other economic analysis as required by the FOMB 1,000.00 $      Work on organizinMay‐18 Title III 5/8/2018 Andrew Wolfe Advisor to Board $500 2.00      Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $      Work on structura

May‐18 Title III 5/8/2018 Andrew Wolfe Advisor to Board $500 1.00      Other economic analysis as required by the FOMB 500.00 $         Work on organizinMay‐18 Title III 5/9/2018 Andrew Wolfe Advisor to Board $500 1.00      Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $         Board subcommit

May‐18 Title III 5/9/2018 Andrew Wolfe Advisor to Board $500 3.50      Business operations‐‐Fiscal plan development for the Commonwealth  1,750.00 $      Call with advisors 

May‐18 Title III 5/9/2018 Andrew Wolfe Advisor to Board $500 0.50      Other economic analysis as required by the FOMB 250.00 $         Work on preparatMay‐18 Title III 5/10/2018 Andrew Wolfe Advisor to Board $500 0.50      Work with legal teams on Commonwealth debt 250.00 $         Discussion with PrMay‐18 Title III 5/10/2018 Andrew Wolfe Advisor to Board $500 0.50      Other economic analysis as required by the FOMB 250.00 $         Work on organizinMay‐18 Title III 5/10/2018 Andrew Wolfe Advisor to Board $500 3.00      Business operations‐‐Fiscal plan development for the Commonwealth  1,500.00 $      Work on evaluatin

May‐18 Title III 5/11/2018 Andrew Wolfe Advisor to Board $500 1.00      Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $         Work on evaluatin

May‐18 Title III 5/14/2018 Andrew Wolfe Advisor to Board $500 5.00      Non‐work travel 2,500.00 $      Travel to NYC for m

May‐18 Title III 5/14/2018 Andrew Wolfe Advisor to Board $500 2.00      Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $      Prep for Mediatio

May‐18 Title III 5/14/2018 Andrew Wolfe Advisor to Board $500 2.00      Work with legal teams on Commonwealth debt 1,000.00 $      "Best interest" an

May‐18 Title III 5/15/2018 Andrew Wolfe Advisor to Board $500 8.00      Business operations‐‐Fiscal plan development for the Commonwealth  4,000.00 $      Mediation session

May‐18 Title III 5/16/2018 Andrew Wolfe Advisor to Board $500 8.00      Business operations‐‐Fiscal plan development for the Commonwealth  4,000.00 $      Mediation session

May‐18 Title III 5/17/2018 Andrew Wolfe Advisor to Board $500 8.00      Business operations‐‐Fiscal plan development for the Commonwealth  4,000.00 $      Board meeting in 

May‐18 Title III 5/17/2018 Andrew Wolfe Advisor to Board $500 5.00      Non‐work travel 2,500.00 $      Travel from NYC toMay‐18 Title III 5/21/2018 Andrew Wolfe Advisor to Board $500 6.00      Non‐work travel 3,000.00 $      Travel to NYC for mMay‐18 Title III 5/21/2018 Andrew Wolfe Advisor to Board $500 3.00      Work with advisors on Commonwealth debt 1,500.00 $      Best interest meetMay‐18 Title III 5/21/2018 Andrew Wolfe Advisor to Board $500 2.00      Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $      Work on educatio

May‐18 Title III 5/22/2018 Andrew Wolfe Advisor to Board $500 1.00      Business operations‐‐Fiscal plan monitoring for Prepa 500.00 $         Phone meeting wiMay‐18 Title III 5/22/2018 Andrew Wolfe Advisor to Board $500 2.00      Other economic analysis as required by the FOMB 1,000.00 $      Work on labor refMay‐18 Title III 5/23/2018 Andrew Wolfe Advisor to Board $500 2.00      Other economic analysis as required by the FOMB 1,000.00 $      Work on labor refMay‐18 Title III 5/24/2018 Andrew Wolfe Advisor to Board $500 2.00      Other economic analysis as required by the FOMB 1,000.00 $      Work on labor refMay‐18 Title III 5/24/2018 Andrew Wolfe Advisor to Board $500 3.00      Business operations‐‐Fiscal plan development for the Commonwealth  1,500.00 $      programming wor

May‐18 Title III 5/25/2018 Andrew Wolfe Advisor to Board $500 1.00      Work with legal teams on Commonwealth debt 500.00 $         Board subcommitMay‐18 Title III 5/25/2018 Andrew Wolfe Advisor to Board $500 2.00      Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $      Weekly Board call

May‐18 Title III 5/29/2018 Andrew Wolfe Advisor to Board $500 2.00      Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $      Checking of fiscal 

May‐18 Title III 5/30/2018 Andrew Wolfe Advisor to Board $500 1.00      Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $         Call with advisors 

May‐18 Title III 5/30/2018 Andrew Wolfe Advisor to Board $500 1.00      Business operations‐‐Fiscal plan development for Prepa 500.0 $         Call with advisors 

0

May‐18 Title III 5/30/2018 Andrew Wolfe Advisor to Board $500 1.00      Business operations‐‐Fiscal plan development for the Commonwealth  500.00 $         Call with advisors 

May‐18 Title III 5/31/2018 Andrew Wolfe Advisor to Board $500 2.00      Business operations‐‐Fiscal plan development for the Commonwealth  1,000.00 $      Adapting of fiscal 

111.00 $   55,500.00

Share of work in Puerto Rico 0.00 $0.00

Share of work outside Puerto Rico 111.00 $25,000.00

Case:17-03283-LTS Doc#:3521-1 Filed:07/16/18 Entered:07/16/18 11:01:52 De

Exhibit 1 Page 7 of 8
.

.

ategy

C.

E&Y on debt strategy

Case:17-03283-LTS Doc#:3521-1 Filed:07/16/18 Entered:07/16/18 11:01:52 De

Exhibit 1 Page 8 of 8