UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549
 
 

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report:  August 1, 2003

(Date of earliest event reported)

UAL CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware	1-6033	36-2675207
(State or other jurisdiction       of incorporation)	(Commission   File Number)	(I.R.S. Employer    Identification No.)

 

1200 East Algonquin Road, Elk Grove Township, Illinois 60007

(Address of principal executive offices)

(847) 700-4000

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Item 5.            Other Events

On August 1, 2003, UAL Corporation filed its monthly operating report for the period June 1, 2003, through June 30, 2003, with the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division, a copy of which is attached hereto as Exhibit 99.1, in connection with its voluntary petitions for reorganization under Chapter 11 of Title 11 of the United States Bankruptcy Code in Case Nos. 02-48191 through 02-48218.
 
 
 

Item 7.             Financial Statements and Exhibits.

(c) Exhibits          Description

         99.1          Monthly Operating Report of UAL Corporation for the period June 1, 2003, through June 30, 2003
 
 

SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 

	UAL CORPORATION
By:	/s/ Paul R. Lovejoy____
Name:	Paul R. Lovejoy
Title:	Senior Vice President,
	General Counsel and Secretary

 
 
 
 
 
 
 

Dated:  August 1, 2003

 

		Exhibit 99.1
IN RE:	CHAPTER 11
UAL CORPORATION, ET AL.	CASE NUMBERS : 02-48191 through 02-48218
DEBTORS	Jointly Administered
	Hon. Eugene R. Wedoff
MONTHLY OPERATING REPORT FOR THE PERIOD
JUNE 1, 2003 THROUGH JUNE 30, 2003
1 The information contained in the Debtors' monthly operating report (the "MOR") is unaudited, is limited to the Debtors and their filing
subsidiaries, is limited to the time period indicated and is presented in a format prescribed by the bankruptcy court. The MOR does not
purport to represent financial statements prepared in accordance with GAAP nor is it intended to fully reconcile to the financial statements
filed by UAL Corporation or United Air Lines, Inc. with the Securities and Exchange Commission. Additionally, while every effort has been
made to assure its accuracy and completeness, errors or omissions may have inadvertently occurred and the Debtors reserve the right to
amend their MOR as necessary.

 
 

IN RE:	CHAPTER 11
UAL CORPORATION ET AL.		CASE NUMBERS : 02-48191 through 02-48218
DEBTORS	Jointly Administered
	Hon. Eugene R. Wedoff
MONTHLY OPERATING REPORT FOR THE PERIOD
JUNE 1, 2003 THROUGH JUNE 30, 2003
DEBTOR'S ADDRESS:	UAL Corporation
	1200 East Algonquin Road
	Elk Grove Township, IL 60007
DEBTOR'S ATTORNEYS:	James H. M. Sprayregen, P.C. (ARDC No. 6190206)
	Marc Kieselstein (ARDC No. 6199255)
	David R. Seligman (ARDC No. 0238064)
	KIRKLAND & ELLIS
	200 East Randolph Street
	Chicago, IL 60601
	(312) 861-2000 (telephone)
	(312) 861-2200 (facsimile)
	Counsel for the Debtors and Debtors In Possession
REPORT PREPARER:	UAL Corporation et al
I declare under penalty of perjury that the information contained in this monthly operating report
(including attached schedules) is true and correct to the best of my knowledge, information and belief.
Dated: 8/1/03	DEBTOR-IN-POSSESSION
Print Name/Title:
Signature:
Address:	1200 East Algonquin Road
	Elk Grove Township, IL 60007
Phone:

 
 

I.

Table of Contents

II.

UAL Corporation, et al. Unaudited Financial Statements

A.

Condensed Consolidating Statement of Operations (Discloses only filing entities)

B.

Statements of Consolidated Financial Position (Form 10Q to be filed by August 15, 2003)

C.

Statements of Consolidated Cash Flows (Form 10Q to be filed by August 15, 2003)

III.

Summary of Cash Receipts and Cash Disbursements

A.

Unaudited Consolidated Receipt Summary

B.

Unaudited Disbursements by Legal Filing Entity and Summary

IV.

Additional Schedules

A.

Insurance - - Certifications

B.

Payments to Insiders - Certification

C.

Description of Tax Trusts / Escrows

D.

Payments to Secured Creditors and Lessors

E.

Professional Fee Payments

F.

Accounts Receivable Schedule and Accounts Payable Schedule

G.

Bank Accounts and Financial Institution Relationships

V.

Tax Questionnaire

 
 

	UAL Corporation, et al. -Filing Entities
			Legal Filing Entity		Reporting Structure
	1		UAL Corporation		X-1
	2		United Air Lines, Inc.		X-1
	3		UAL Company Services, Inc.		X-1
	4		UAL Loyalty Services, Inc.		X-1
	5		Confetti Inc.		X-4
	6		Mileage Plus Holdings, Inc.		X-4
	7		Mileage Plus Marketing, Inc.		X-6
	8		MyPoints.com, Inc.		X-4
	9		Cybergold, Inc.		X-8
	10		iTarget.com, Inc.		X-8
	11		MyPoints Offline Services, Inc.		X-8
	12		UAL Benefits Management Inc.		X-1
	13		United BizJet Holdings, Inc.		X-1
	14		BizJet Charter, Inc.		X-13
	15		BizJet Fractional, Inc.		X-13
	16		BizJet Services, Inc.		X-13
	17		Kion Leasing, Inc.		X-2
	18		Premier Meeting and Travel Services, Inc.		X-2
	19		United Aviation Fuels Corporation		X-2
	20		United Cogen, Inc.		X-2
	21		Mileage Plus, Inc.		X-2
	22		United GHS, Inc.		X-2
	23		United Worldwide Corporation		X-2
	24		United Vacations, Inc.		X-2
	25		Four Star Leasing, Inc.		X-1
	26		Air Wis Services, Inc.		X-1
	27		Air Wisconsin, Inc.		X-26
	28		Domicile Management Services, Inc.		X-26

 
 

UAL CORPORATION AND SUBSIDIARY COMPANIES (filing entities only)
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
FOR THE MONTH ENDED JUNE 30, 2003
($ amounts in 000's)
		UAL
		CONSOLIDATING
Total operating revenues		1,258,531
Total operating expenses		1,238,920
Earnings (loss) from operations		19,611
Non-operating income (expenses):
Net interest expense		5,959
Reorganization items		(333,897)
Other income (expenses), net:		(1,883)
Total non-operating income (expenses):		(329,821)
Earnings (loss) before income taxes		(310,210)
Total tax provision (credit)		-
Net earnings (loss)		(310,210)

 
 

CASE NAME: UAL Corporation et al.		CASE NUMBERS : 02-48191 through 02-48218
Filed Entities of UAL Corporation 1
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For The Period Ending JUNE 30, 2003			(Amounts in US dollar $)
BEGINNING BALANCE (ending balance MAY 31, 2003 )
Operating Accounts - DOM			$15,688,694
Operating Accounts - INT			$25,206,124
London Overnight Investment Balance			$1,885,195
Liquidity Pool			$1,427,685,602
Restricted Cash 2			$659,395,307
Subsidiaries:
a. Mileage Plus, Inc.			$546,694
b. Premier Meeting and Travel Services, Inc.			$644,149
c. MyPoints.com, Inc.			$21,795,902
d. Domicile Management Services, Inc.			$264,621
e. UAL Loyalty Services, Inc.			$823,772
f. United Aviation Fuel Corporation			$5,934,296
TOTAL BEGINNING BALANCE			$2,159,870,357
RECEIPTS (Summary of all domestic and international bank accounts):
1. Receipts from operations (net of Intercompany receipts)		$1,333,645,303
2. Debtor -In- Possession Financing		$0
3. Other receipts 3		$28,544,652
TOTAL RECEIPTS	(A)	$1,362,189,955
DISBURSEMENTS (Summary of all accounts):
1. Net payroll 4
a. Officers		$1,028,759
b. Non-Officer		$191,223,606
2. Taxes paid or deposited:
a. Federal Income Tax and FICA withholdings		$76,318,312
b. State income tax w/held		$12,331,895
c. State sales or use tax		$160,133
d. Other 5		$112,410,929
3. Necessary Operational Disbursements 6
a. Operating Disbursements (net of Intercompany disbursements)		$877,782,320
b. Transferred to escrows / restricted cash		-
c. Other necessary expenses		$0
TOTAL DISBURSEMENTS	(B)	$1,271,255,954
NET RECEIPTS (Line (A) less Line (B))			$90,934,001
ENDING BALANCE (BEGINNING BALANCE PLUS NET RECEIPTS)			$2,250,804,358
Bank One Overnight Investment Account (month over month change) 7			$1,069,799
TOTAL ENDING BALANCE 8			$2,251,874,157
Check
ENDING BALANCE (as of JUNE 30, 2003 )
Operating Accounts - DOM		$32,738,323
Operating Accounts - INT		$27,576,585
London Overnight Investment		$5,206,635
Liquidity Pool		$1,488,071,391
Restricted Cash 2		$673,846,142
Subsidiaries:
Mileage Plus, Inc.		$181,406
Premier Meeting and Travel Services, Inc.		$800,462
MyPoints.com, Inc.		$20,198,995
Domicile Management Services, Inc.		$210,884
UAL Loyalty Services, Inc.		$356,539
United Aviation Fuel Corporation		$2,686,795
TOTAL ENDING BALANCE		$2,251,874,157
1 See Page 4 for a list of the 28 filing entities.
2 Restricted cash does not include $200 million held in a Tax Trust Escrow nor restricted cash amounts associated with any
non-filing entities. See Schedule C of this report for a description of the Tax Trust Escrow.
3 Includes $1.5 million draw against GE Capital Corporation Short-Term Liquidity Facility.
4 Includes information for domestic entities only.
5 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax,
state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.
6 Includes certain aircraft financing payments for the month of June (2003). These payments are highlighted in Schedule D of this report.
7 Account used to invest excess funds on a daily basis that are not transferred to liquidity pool.
8 Ending cash balance does not include $200 million held in a Tax Trust Escrow. See Schedule C of this report for a description of
the Tax Trust Escrow.

 

BANK

ENTITY:

RECEIPT SUMMARY 1

ACCTS:

See Schedule F for list of bank accounts

RECEIPT SOURCE

DESCRIPTION

AMOUNT

Domestic Operational Receipts

BANK ONE / JP MORGAN CHASE ACTIVITY

1,334,900,350

Domestic Operational Receipts

NON BANK ONE / JP MORGAN CHASE ACTIVITY

2,751,333

International Operational Receipts 2

BEG BALANCE (LESS) ENDING BALANCE

97,243,278

PLUS NET REPATRIATION

Total Operational Receipts

TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY

1,434,894,961

( A )

Other Non-Operational Receipts 3

SEE FOOTNOTE BELOW

28,544,652

( B )

Less, Non-filing entities

NONE FOR THIS PERIOD

0

GROSS RECEIPTS (tie to bank statements)

1,463,439,613

(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES

101,249,658

( D )

NET RECEIPTS

$1,362,189,955

Forward to MOR Summary:

Receipts from operations (net of Intercompany receipts)

1,333,645,303

(A-D )

Other receipts

28,544,652

( B )

$1,362,189,955

1 Includes receipt activity for United Airline's Liquidity Pool and the following subsidiaries: MyPoints.com, Inc., Premier Meeting & Travel Services, Inc., Mileage Plus, Inc., United Aviation Fuels Corporation, UAL Loyalty Services, Inc. and Domicile Management Services, Inc.

2 Accounts for net repatriation to the liquidity pool in the amount of $94,674,451

3 Includes net activity related to the London overnight investment account, interest income, aircraft and other asset sales, local station bank activity, and transfers to restricted cash, and $1.5 million draw against GE Capital Corporation Short-Term Liquidity Facility.

 
 

									BANK
ENTITY:	LIQUIDITY POOL 1								ACCTS:	Bank One Acct. #51-67795
										(see schedule F for details)
RECEIPT SOURCE		DESCRIPTION																				AMOUNT
Domestic Operational Receipts		BANK ONE / JP MORGAN CHASE ACTIVITY																				1,187,332,098
Domestic Operational Receipts					NON BANK ONE / JP MORGAN CHASE ACTIVITY																	-
																						-
																						-
																						-
Total Non-Bank One Receipts																						-
International Operational Receipts		BEG BALANCE (LESS) ENDING BALANCE																				$97,044,912
		PLUS NET REPATRIATION
Total Operational Receipts		TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY																				1,284,377,010
Other Non-Operational Receipts 2		SEE FOOTNOTE BELOW																				$28,507,895
Less, Non-filing entities		NONE FOR THIS PERIOD																				-
						GROSS RECEIPTS																1,312,884,905
						UAL																-
						UAL Loyalty Services, Inc.																100,000
						UAL Company Services, Inc.																-
						Confetti Inc.																-
						MyPoints.com, Inc.																1,253,607
						Cybergold, Inc.																-
						iTarget.com, Inc.																-
						MyPoints Offline Services, Inc.																-
						UAL Benefits Management, Inc.																-
						United BizJet Holdings, Inc.																-
						United BizJet Charter, Inc.																-
						United BizJet Fractional, Inc.																-
						United BizJet Services, Inc.																-
						Kion Leasing, Inc.																-
						Premier Meeting and Travel Services, Inc.																118,845
						United Aviation Fuels Corporation																91,846,000
						United Cogen, Inc.																-
						Mileage Plus, Inc.																19,672
						United GHS, Inc.																-
						United Worldwide Corporation																-
						United Vacations, Inc.																-
						Four Star Leasing, Inc.																-
						Air Wisconsin Services, Inc.																-
						Air Wisconsin , Inc.																-
						Domicile Management Services, Inc.																-
						(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES																93,338,124
						NET RECEIPTS																$1,219,546,781
1 Includes receipt activity for all filing entities of UAL Corporation (refer to page 4) except those receipts collected by MyPoints.com, Inc., Premier Meeting & Travel Services, Inc. Mileage Plus, Inc., United Aviation Fuels Corporation, UAL Loyalty Services, Inc. and Domicile Management Services, Inc. in operating bank accounts outside of the Liquidity Pool.
2 Includes net activity related to the London overnight investment account, interest income, aircraft and other asset sales, local station bank activity, and transfers to restricted cash, and $1.5 million draw against GE Capital Corporation Short-Term Liquidity Facility.

 
 

Fleet Bank # 55157711

Wells Fargo #449-6837055, 10765100

MYPOINTS.COM, INC.

BANK

Silicon Valley Bank #3300066117, 3300042163

ENTITY:

AND SUBSIDIARIES 1

ACCTS:

Silicon Valley Bank #3700276606

(see schedule F for details)

RECEIPT SOURCE

DESCRIPTION

AMOUNT

Domestic Operational Receipts

BANK ONE / JP MORGAN CHASE ACTIVITY

-

Domestic Operational Receipts

NON BANK ONE / JP MORGAN CHASE ACTIVITY (see above for accounts)

1,551,333

-

-

-

Total Non-Bank One Receipts

1,551,333

International Operational Receipts

BEG BALANCE (LESS) ENDING BALANCE

-

Total Operational Receipts

TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY

1,551,333

Other Non-Operational Receipts

INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.

18,521

Less, Non-filing entities

NONE FOR THIS PERIOD

-

GROSS RECEIPTS (tie to bank statement)

1,569,854

(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES

-

NET RECEIPTS

1,569,854

BANK STATEMENT RECONCILIATION:

Beginning Balance

$21,795,902

Receipts

1,569,854

Disbursments

(3,166,761)

Reconciled Ending Balance

$20,198,995

Reported Ending Balance

$20,198,995

Difference

$0

1 Includes receipt activity for Cybergold, Inc., iTarget.com, Inc., MyPoints Offline Services, Inc.

 
 

PREMIER MEETING & TRAVEL

BANK

ENTITY:

SERVICES, INC.

ACCTS:

Bank One 55-78531

(see schedule F for details)

RECEIPT SOURCE

DESCRIPTION

AMOUNT

Domestic Operational Receipts

BANK ONE / JP MORGAN CHASE ACTIVITY

435,895

Domestic Operational Receipts

NON BANK ONE / JP MORGAN CHASE ACTIVITY

-

-

-

-

Total Non-Bank One Receipts

-

International Operational Receipts

BEG BALANCE (LESS) ENDING BALANCE

-

Total Operational Receipts

TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY

435,895

Other Non-Operational Receipts

INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.

294

Less, Non-filing entities

NONE FOR THIS PERIOD

-

GROSS RECEIPTS (tie to bank statement)

436,189

(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES

-

NET RECEIPTS

436,189

BANK STATEMENT RECONCILIATION:

Beginning Balance

$644,149

Receipts

436,189

Disbursments

(279,876)

Reconciled Ending Balance

$800,462

Reported Ending Balance

$800,462

Difference

$0

 
 

BANK

ENTITY:

MILEAGE PLUS, INC.

ACCTS:

SHORE BANK #17331100/17331200/17511000

(see schedule F for details)

RECEIPT SOURCE

DESCRIPTION

AMOUNT

Domestic Operational Receipts

BANK ONE / JP MORGAN CHASE ACTIVITY

-

Domestic Operational Receipts

SHORE BANK

1,200,000

-

-

-

Total Non-Bank One Receipts

1,200,000

International Operational Receipts

BEG BALANCE (LESS) ENDING BALANCE

-

Total Operational Receipts

TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY

1,200,000

Other Non-Operational Receipts

INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.

16,698

Less, Non-filing entities

NONE FOR THIS PERIOD

-

GROSS RECEIPTS (tie to bank statement)

1,216,698

(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES

1,200,000

NET RECEIPTS

16,698

BANK STATEMENT RECONCILIATION:

Beginning Balance

$546,694

Receipts

1,216,698

Disbursments

(1,581,986)

Reconciled Ending Balance

$181,406

Reported Ending Balance

$181,406

Difference

$0

 

UNITED AVIATION FUELS

BANK

ENTITY:

CORPORATION

ACCTS:

NORTHERN TRUST ACCT. 792705

(see schedule F for details)

RECEIPT SOURCE

DESCRIPTION

AMOUNT

Domestic Operational Receipts

BANK ONE / JP MORGAN CHASE ACTIVITY

140,573,808

Domestic Operational Receipts

NORTHERN TRUST COMPANY

-

-

-

-

Total Non-Bank One Receipts

-

International Operational Receipts

BEG BALANCE (LESS) ENDING BALANCE

-

Total Operational Receipts

TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY

140,573,808

Other Non-Operational Receipts

INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.

-

Less, Non-filing entities

NONE FOR THIS PERIOD

-

GROSS RECEIPTS (tie to bank statement)

140,573,808

(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES

-

(Provide detail above)

NET RECEIPTS

140,573,808

BANK STATEMENT RECONCILIATION:

Beginning Balance

5,934,296

Receipts

140,573,808

Disbursments

(143,821,309)

Reconciled Ending Balance

$2,686,795

Reported Ending Balance

$2,686,795

Difference

($0)

 
 

BANK

BANK ONE ACCT. 11-01955, 11-02250,

ENTITY:

UAL LOYALTY SERVICES, INC.

ACCTS:

10-61639, 11-33545

(see schedule F for details)

RECEIPT SOURCE

DESCRIPTION

AMOUNT

Domestic Operational Receipts

BANK ONE / JP MORGAN CHASE ACTIVITY

6,558,549

Domestic Operational Receipts

NON BANK ONE / JP MORGAN CHASE ACTIVITY

-

-

-

-

Total Non-Bank One Receipts

-

International Operational Receipts

BEG BALANCE (LESS) ENDING BALANCE

-

Total Operational Receipts

TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY

6,558,549

Other Non-Operational Receipts

INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.

-

Less, Non-filing entities

NONE FOR THIS PERIOD

-

GROSS RECEIPTS (tie to bank statement)

6,558,549

(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES

6,513,168

NET RECEIPTS

45,381

BANK STATEMENT RECONCILIATION:

Beginning Balance

$823,772

Receipts

6,558,549

Disbursments

(7,025,783)

Reconciled Ending Balance

$356,539

Reported Ending Balance

$356,539

Difference

$0

 
 

BANK

ENTITY:

DOMICILE MGMT SERVICES, INC.

ACCTS:

Citibank #0-157487-016

(see schedule F for details)

RECEIPT SOURCE

DESCRIPTION

AMOUNT

Domestic Operational Receipts

BANK ONE / JP MORGAN CHASE ACTIVITY

-

Domestic Operational Receipts

CITIBANK

-

-

-

-

Total Non-Bank One Receipts

-

International Operational Receipts

BEG BALANCE (LESS) ENDING BALANCE

198,366

Total Operational Receipts

TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY

198,366

Other Non-Operational Receipts

INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.

1,244

Less, Non-filing entities

NONE FOR THIS PERIOD

-

GROSS RECEIPTS (tie to bank statement)

199,610

(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES

198,366

NET RECEIPTS

1,244

BANK STATEMENT RECONCILIATION:

Beginning Balance

264,621

Receipts

199,610

Disbursments

(253,347)

Reconciled Ending Balance

$210,884

Reported Ending Balance

$210,884

Difference

$0

 
 

BANK

ENTITY:

DISBURSEMENT SUMMARY 1

ACCTS:

See Schedule F for list of bank accounts

BY APO DISBURSEMENT TYPE

(based on Cleared Check Date):

NOTES:

AMOUNT:

xxx

PAYROLL OFFICER

1,028,759

( A )

xxx

PAYROLL NON-OFFICER

191,223,606

( B )

04

AVIATION FUEL 2

(SEE FUEL SUMMARY BELOW)

279,303,681

06

CATERING

29,862,965

03

RECURRING RENT

42,774,767

01

GENERAL PAYABLES

517,712,145

17

INSURANCE

23,861,473

18

LANDING FEES

24,751,215

xxx

OTHER

60,765,733

SUBTOTAL EXCLUDING PAYROLL

979,031,978

( C )

GROSS DISBURSEMENTS (tie to bank statement)

1,171,284,344

(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES

101,249,658

( D )

TAXES:

a. Federal Income Tax and FICA withholdings

76,318,312

b. State income tax w/held

12,331,895

c. State sales or use tax

160,133

d. Other 3

112,410,929

TOTAL TAXES

201,221,268

( E )

NET MONTHLY DISBURSEMENTS

$ 1,271,255,954

Forward to MOR Summary:

Officers Payroll

1,028,759

( A )

Non-Officer Payroll

191,223,606

( B )

Taxes

201,221,268

( E )

Necessary Operational Disbursements (less intercompany transfers)

877,782,320

(C-D)

$ 1,271,255,954

1 Includes disbursement activity for all filing entities of UAL Corporation (refer to page 4).

2 Fuel Summary:

UAFC Fuel Disbursements

143,821,309

United Fuel Disbursements

135,482,371

Total Fuel Disbursements

279,303,681

Less: Intercompany Transfers

(91,846,000)

Fuel Disbursements

$ 187,457,681

3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 

													BANK
ENTITY:			UAL CORPORATION 1										ACCTS:		See Schedule F for list of bank accounts
BY APO DISBURSEMENT TYPE
(based on Cleared Check Date):													NOTES:																		AMOUNT:
xxx	PAYROLL OFFICER												Payroll disbursed through United Airlines																		-
xxx	PAYROLL NON-OFFICER																														-
04	AVIATION FUEL																														-
06	CATERING																														-
03	RECURRING RENT																														-
01	GENERAL PAYABLES1																														10,699
17	INSURANCE																														-
18	LANDING FEES																														-
xxx	OTHER
	SUBTOTAL EXCLUDING PAYROLL																														10,699
						GROSS DISBURSEMENTS (tie to bank statement)																									10,699
						(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES																									-
						TAXES:
						a. Federal Income Tax and FICA withholdings																									-
						b. State income tax w/held																									-
						c. State sales or use tax																									-
						d. Other 2																									-
						TOTAL TAXES																									-
						NET MONTHLY DISBURSEMENTS																									10,699
1 Includes expenses incurred by members of the Board of Directors.
2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment , tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 

														BANK
ENTITY:			UNITED AIRLINES, INC. 1											ACCTS:				See Schedule F for list of bank accounts
BY APO DISBURSEMENT TYPE
(based on Cleared Check Date):														NOTES:																								AMOUNT:
xxx	PAYROLL OFFICER																																					1,028,759
xxx	PAYROLL NON-OFFICER																																					189,816,150
04	AVIATION FUEL													(Includes intercompany transfer to UAFC, see below)																								135,482,371
06	CATERING																																					29,862,965
03	RECURRING RENT																																					42,774,767
01	GENERAL PAYABLES																																					509,728,243
17	INSURANCE																																					23,861,473
18	LANDING FEES																																					24,751,215
xxx	OTHER 2																																					60,765,733
	SUBTOTAL EXCLUDING PAYROLL																																					827,226,766
							GROSS DISBURSEMENTS (tie to bank statement)																															1,018,071,676
							(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
							MyPoints.com, Inc.																															-
							Premier Meeting and Travel Services, Inc.																															-
							Mileage Plus, Inc.																															1,200,000
							United Aviation Fuels Corporation																															-
							UAL Loyalty Services, Inc.																															6,513,168
							Domicile Management Services, Inc.																															198,366
							TOTAL TRANSFERS TO OTHER ACCOUNTS / ENTITIES																															7,911,534
							TAXES:
							a. Federal Income Tax and FICA withholdings																															76,092,637
							b. State income tax w/held																															12,311,078
							c. State sales or use tax																															159,759
							d. Other (specify) 3																															109,406,526
							TOTAL TAXES																															197,969,999
							NET MONTHLY DISBURSEMENTS																															$ 1,208,130,140
1 Includes activity for United Airlines, Inc., UAL Company Services, Inc., United GHS, Inc., UAL Benefits Management, Inc. and Air Wisconsin, Inc.
2 Includes corporate volume agreements (APO8), maintenance (APO 9), crew housing (APO 11), damaged bags (APO 12), GSA's (APO14), group deposits (APO 15), tour payables (APO 16), lost baggage claims (APO 19), ORD JJ (APO 21), passenger facility charges (APO 22), cargo claims (APO 23), property work orders (APO 24), travel agency incentives (APO 25), back end commissions (APO 26),cargo correspondence (APO 29), employee travel expenses (APO 45), DIP fees and interest, 401K, pilot directed account plan and sick leave trust payments.
3 Includes US Federal fuel tax, transportation tax, transportation security fess, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 

												BANK		BANK ONE ACCT. 11-01955, 11-02250, 10-61639,
ENTITY:			UAL LOYALTY SERVICES, INC 1									ACCTS:		11-33545
														(see schedule F for details)
BY APO DISBURSEMENT TYPE
(based on Cleared Check Date):												NOTES:													AMOUNT:
xxx	PAYROLL OFFICER											Payroll disbursed through United Airlines													-
xxx	PAYROLL NON-OFFICER																								-
04	AVIATION FUEL																								-
06	CATERING																								-
03	RECURRING RENT																								-
01	GENERAL PAYABLES																								4,025,783
17	INSURANCE																								-
18	LANDING FEES																								-
xxx	OTHER																								-
	SUBTOTAL EXCLUDING PAYROLL																								4,025,783
					GROSS DISBURSEMENTS (tie to bank statement)																				4,025,783
					(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES																				100,000
					TAXES:
					a. Federal Income Tax and FICA withholdings																				-
					b. State income tax w/held																				-
					c. State sales or use tax																				-
					d. Other 2																				3,000,000
					TOTAL TAXES																				3,000,000
					NET MONTHLY DISBURSEMENTS																				$ 6,925,783
1 Includes disbursement activity for Confetti, Inc., Mileage Plus Holdings, Inc. and Mileage Plus Marketing, Inc.
2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 

												BANK
ENTITY:			MILEAGE PLUS HOLDINGS, INC 1									ACCTS:		See Schedule F for list of bank accounts
BY APO DISBURSEMENT TYPE
(based on Cleared Check Date):												NOTES:														AMOUNT:
xxx	PAYROLL OFFICER																									-
xxx	PAYROLL NON-OFFICER																									-
04	AVIATION FUEL																									-
06	CATERING																									-
03	RECURRING RENT																									-
01	GENERAL PAYABLES																									-
17	INSURANCE																									-
18	LANDING FEES																									-
xxx	OTHER																									-
	SUBTOTAL EXCLUDING PAYROLL																									-
								GROSS DISBURSEMENTS (tie to bank statement)																		-
							(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES																			-
							TAXES:
							a. Federal Income Tax and FICA withholdings																			-
							b. State income tax w/held																			-
							c. State sales or use tax																			-
							d. Other 2																			-
							TOTAL TAXES																			-
							NET MONTHLY DISBURSEMENTS																			-
1 Disbursement activity conducted through UAL Loyalty Services, Inc.
2 Includes US Federal fuel tax, transportation tax, transportation security fess, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 

												BANK
ENTITY:			MILEAGE PLUS MARKETING, INC 1									ACCTS:			See Schedule F for list of bank accounts
BY APO DISBURSEMENT TYPE
(based on Cleared Check Date):												NOTES:														AMOUNT:
xxx	PAYROLL OFFICER																									-
xxx	PAYROLL NON-OFFICER																									-
04	AVIATION FUEL																									-
06	CATERING																									-
03	RECURRING RENT																									-
01	GENERAL PAYABLES																									-
17	INSURANCE																									-
18	LANDING FEES																									-
xxx	OTHER																									-
	SUBTOTAL EXCLUDING PAYROLL																									-
							GROSS DISBURSEMENTS (tie to bank statement)																			-
							(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES																			-
							TAXES:
							a. Federal Income Tax and FICA withholdings																			-
							b. State income tax w/held																			-
							c. State sales or use tax																			-
							d. Other 2																			-
							TOTAL TAXES																			-
							NET MONTHLY DISBURSEMENTS																			-
1 Disbursement activity conducted through UAL Loyalty Services, Inc.
2 Includes US Federal fuel tax, transportation tax, transportation security fess, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 

													BANK
ENTITY:			CONFETTI, INC 1										ACCTS:		See Schedule F for list of bank accounts
BY APO DISBURSEMENT TYPE
(based on Cleared Check Date):													NOTES:												AMOUNT:
xxx	PAYROLL OFFICER																								-
xxx	PAYROLL NON-OFFICER																								-
04	AVIATION FUEL																								-
06	CATERING																								-
03	RECURRING RENT																								-
01	GENERAL PAYABLES																								-
17	INSURANCE																								-
18	LANDING FEES																								-
xxx	OTHER																								-
	SUBTOTAL EXCLUDING PAYROLL																								-
									GROSS DISBURSEMENTS (tie to bank statement)																-
								(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES																	-
								TAXES:
								a. Federal Income Tax and FICA withholdings																	-
								b. State income tax w/held																	-
								c. State sales or use tax																	-
								d. Other 2																	-
								TOTAL TAXES																	-
								NET MONTHLY DISBURSEMENTS																	-
1 Disbursement activity conducted through UAL Loyalty Services, Inc.
2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 

												BANK
ENTITY:			UAL COMPANY SERVICES, INC. 1									ACCTS:				See Schedule F for list of bank accounts
BY APO DISBURSEMENT TYPE
(based on Cleared Check Date):												NOTES:														AMOUNT:
xxx	PAYROLL OFFICER																									-
xxx	PAYROLL NON-OFFICER																									-
04	AVIATION FUEL																									-
06	CATERING																									-
03	RECURRING RENT																									-
01	GENERAL PAYABLES																									-
17	INSURANCE																									-
18	LANDING FEES																									-
xxx	OTHER
	SUBTOTAL EXCLUDING PAYROLL																									-
								GROSS DISBURSEMENTS (tie to bank statement)																		-
							(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES																			-
							TAXES:
							a. Federal Income Tax and FICA withholdings																			-
							b. State income tax w/held																			-
							c. State sales or use tax																			-
							d. Other 2																			-
							TOTAL TAXES																			-
							NET MONTHLY DISBURSEMENTS																			-
1 Disbursement activity conducted through United Airlines, Inc.
2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 

Fleet Bank # 55157711

Wells Fargo #449-6837055, 10765100

MYPOINTS.COM, INC.

BANK

Silicon Valley Bank #3300066117, 3300042163

ENTITY:

AND SUBSIDIARIES 1

ACCTS:

Silicon Valley Bank #3700276606

(see schedule F for details)

BY APO DISBURSEMENT TYPE

(based on Cleared Check Date):

NOTES:

AMOUNT:

xxx

PAYROLL OFFICER

-

xxx

PAYROLL NON-OFFICER

734,879

04

AVIATION FUEL

-

06

CATERING

-

03

RECURRING RENT

-

01

GENERAL PAYABLES

2,431,882

17

INSURANCE

-

18

LANDING FEES

-

xxx

OTHER

-

SUBTOTAL EXCLUDING PAYROLL

2,431,882

GROSS DISBURSEMENTS (tie to bank statement)

3,166,761

(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES

1,253,607

TAXES:

a. Federal Income Tax and FICA withholdings

-

b. State income tax w/held

-

c. State sales or use tax

-

d. Other 2

-

TOTAL TAXES

-

NET MONTHLY DISBURSEMENTS

$ 1,913,154

1 Includes disbursement activity for Cybergold, Inc., iTarget.com, Inc., MyPoints Offline Services, Inc.

2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 

Fleet Bank # 55157711

Wells Fargo #449-6837055, 10765100

BANK

Silicon Valley Bank #3300066117, 3300042163

ENTITY:

CYBERGOLD, INC. 1

ACCTS:

Silicon Valley Bank #3700276606

(see schedule F for details)

BY APO DISBURSEMENT TYPE

(based on Cleared Check Date):

NOTES:

AMOUNT:

xxx

PAYROLL OFFICER

-

xxx

PAYROLL NON-OFFICER

-

04

AVIATION FUEL

-

06

CATERING

-

03

RECURRING RENT

-

01

GENERAL PAYABLES

-

17

INSURANCE

-

18

LANDING FEES

-

xxx

OTHER

-

SUBTOTAL EXCLUDING PAYROLL

-

GROSS DISBURSEMENTS (tie to bank statement)

-

(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES

-

TAXES:

a. Federal Income Tax and FICA withholdings

-

b. State income tax w/held

-

c. State sales or use tax

-

d. Other 2

-

TOTAL TAXES

-

NET MONTHLY DISBURSEMENTS

-

1 Disbursement activity conducted through MyPoints.com, Inc.

2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 

Fleet Bank # 55157711

Wells Fargo #449-6837055, 10765100

BANK

Silicon Valley Bank #3300066117, 3300042163

ENTITY:

iTARGET.COM, INC. 1

ACCTS:

Silicon Valley Bank #3700276606

(see schedule F for details)

BY APO DISBURSEMENT TYPE

(based on Cleared Check Date):

NOTES:

AMOUNT:

xxx

PAYROLL OFFICER

-

xxx

PAYROLL NON-OFFICER

-

04

AVIATION FUEL

-

06

CATERING

-

03

RECURRING RENT

-

01

GENERAL PAYABLES

-

17

INSURANCE

-

18

LANDING FEES

-

xxx

OTHER

-

SUBTOTAL EXCLUDING PAYROLL

-

GROSS DISBURSEMENTS (tie to bank statement)

-

(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES

-

TAXES:

a. Federal Income Tax and FICA withholdings

-

b. State income tax w/held

-

c. State sales or use tax

-

d. Other 2

-

TOTAL TAXES

-

NET MONTHLY DISBURSEMENTS

-

1 Disbursement activity conducted through MyPoints.com, Inc.

2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 

Fleet Bank # 55157711

Wells Fargo #449-6837055, 10765100

BANK

Silicon Valley Bank #3300066117, 3300042163

ENTITY:

MYPOINTS OFFLINE SERVICES, INC. 1

ACCTS:

Silicon Valley Bank #3700276606

(see schedule F for details)

BY APO DISBURSEMENT TYPE

(based on Cleared Check Date):

NOTES:

AMOUNT:

xxx

PAYROLL OFFICER

-

xxx

PAYROLL NON-OFFICER

-

04

AVIATION FUEL

-

06

CATERING

-

03

RECURRING RENT

-

01

GENERAL PAYABLES

-

17

INSURANCE

-

18

LANDING FEES

-

xxx

OTHER

-

SUBTOTAL EXCLUDING PAYROLL

-

GROSS DISBURSEMENTS (tie to bank statement)

-

(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES

-

TAXES:

a. Federal Income Tax and FICA withholdings

-

b. State income tax w/held

-

c. State sales or use tax

-

d. Other 2

-

TOTAL TAXES

-

NET MONTHLY DISBURSEMENTS

-

1 Disbursement activity conducted through MyPoints.com, Inc.

2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 

													BANK
ENTITY:			UAL BENEFITS MANAGEMENT, INC.1										ACCTS:			List Accounts per attached list
																(see schedule F for details)
BY APO DISBURSEMENT TYPE
(based on Cleared Check Date):													NOTES:																AMOUNT:
xxx	PAYROLL OFFICER																												-
xxx	PAYROLL NON-OFFICER																												-
04	AVIATION FUEL																												-
06	CATERING																												-
03	RECURRING RENT																												-
01	GENERAL PAYABLES																												-
17	INSURANCE																												-
18	LANDING FEES																												-
xxx	OTHER																												-
	SUBTOTAL EXCLUDING PAYROLL																												-
									GROSS DISBURSEMENTS (tie to bank statement)																				-
								(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES																					-
								TAXES:
								a. Federal Income Tax and FICA withholdings																					-
								b. State income tax w/held																					-
								c. State sales or use tax																					-
								d. Other 2																					-
								TOTAL TAXES																					-
								NET MONTHLY DISBURSEMENTS																					-
1 Disbursement activity conducted through United Airlines, Inc.
2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

																					BANK
ENTITY:					UNITED BIZJET HOLDINGS, INC.1																ACCTS:		Bank One #10-96072
																							(see schedule F for details)
BY APO DISBURSEMENT TYPE
(based on Cleared Check Date):																					NOTES:																	AMOUNT:
xxx	PAYROLL OFFICER																																					-
xxx	PAYROLL NON-OFFICER																																					-
04	AVIATION FUEL																																					-
06	CATERING																																					-
03	RECURRING RENT																																					-
01	GENERAL PAYABLES																																					-
17	INSURANCE																																					-
18	LANDING FEES																																					-
xxx	OTHER																																					-
	SUBTOTAL EXCLUDING PAYROLL																																					-
											GROSS DISBURSEMENTS (tie to bank statement)																											-
											(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES																											-
											TAXES:
											a. Federal Income Tax and FICA withholdings																											-
											b. State income tax w/held																											-
											c. State sales or use tax																											-
											d. Other 2																											-
											TOTAL TAXES																											-
											NET MONTHLY DISBURSEMENTS																											-
1 Includes disbursement activity for BizJet Fractional, Inc., BizJet Charter, Inc., and BizJet Services, Inc.
2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax,
state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.
																		BANK
ENTITY:						BIZJET CHARTER, INC. 1												ACCTS:				List Accounts per attached list
																						(see schedule F for details)
BY APO DISBURSEMENT TYPE
(based on Cleared Check Date):																		NOTES:																AMOUNT:
xxx			PAYROLL OFFICER																															-
xxx			PAYROLL NON-OFFICER																															-
04			AVIATION FUEL																															-
06			CATERING																															-
03			RECURRING RENT																															-
01			GENERAL PAYABLES																															-
17			INSURANCE																															-
18			LANDING FEES																															-
xxx			OTHER																															-
			SUBTOTAL EXCLUDING PAYROLL																															-
												GROSS DISBURSEMENTS (tie to bank statement)																						-
												(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES																						-
												TAXES:
												a. Federal Income Tax and FICA withholdings																						-
												b. State income tax w/held																						-
												c. State sales or use tax																						-
												d. Other 2																						-
												TOTAL TAXES																						-
												NET MONTHLY DISBURSEMENTS																						-
1 Disbursement activity conducted through United BizJet Holdings, Inc.
2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax,
state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.
																			BANK
ENTITY:							BIZJET FRACTIONAL, INC. 1												ACCTS:						List Accounts per attached list
																									(see schedule F for details)
BY APO DISBURSEMENT TYPE
(based on Cleared Check Date):																			NOTES:																		AMOUNT:
xxx				PAYROLL OFFICER																																	-
xxx				PAYROLL NON-OFFICER																																	-
04				AVIATION FUEL																																	-
06				CATERING																																	-
03				RECURRING RENT																																	-
01				GENERAL PAYABLES																																	-
17				INSURANCE																																	-
18				LANDING FEES																																	-
xxx				OTHER																																	-
				SUBTOTAL EXCLUDING PAYROLL																																	-
													GROSS DISBURSEMENTS (tie to bank statement)																								-
													(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES																								-
													TAXES:
													a. Federal Income Tax and FICA withholdings																								-
													b. State income tax w/held																								-
													c. State sales or use tax																								-
													d. Other 2																								-
													TOTAL TAXES																								-
													NET MONTHLY DISBURSEMENTS																								-
1 Disbursement activity conducted through United BizJet Holdings, Inc.
2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax,
state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.
																				BANK
ENTITY:						BIZJET SERVICES, INC. 1														ACCTS:				List Accounts per attached list
																								(see schedule F for details)
BY APO DISBURSEMENT TYPE
(based on Cleared Check Date):																				NOTES:																AMOUNT:
xxx		PAYROLL OFFICER																																		-
xxx		PAYROLL NON-OFFICER																																		-
04		AVIATION FUEL																																		-
06		CATERING																																		-
03		RECURRING RENT																																		-
01		GENERAL PAYABLES																																		-
17		INSURANCE																																		-
18		LANDING FEES																																		-
xxx		OTHER																																		-
		SUBTOTAL EXCLUDING PAYROLL																																		-
												GROSS DISBURSEMENTS (tie to bank statement)																								-
												(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES																								-
												TAXES:
												a. Federal Income Tax and FICA withholdings																								-
												b. State income tax w/held																								-
												c. State sales or use tax																								-
												d. Other 2																								-
												TOTAL TAXES																								-
												NET MONTHLY DISBURSEMENTS																								-
1 Disbursement activity conducted through United BizJet Holdings, Inc.
2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax,
state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 

																		BANK
ENTITY:						KION LEASING, INC. 1												ACCTS:		List Accounts per attached list
																				(see schedule F for details)
BY APO DISBURSEMENT TYPE
(based on Cleared Check Date):																		NOTES:														AMOUNT:
xxx			PAYROLL OFFICER															Payroll disbursed through United Airlines														-
xxx			PAYROLL NON-OFFICER																													-
04			AVIATION FUEL																													-
06			CATERING																													-
03			RECURRING RENT																													-
01			GENERAL PAYABLES																													-
17			INSURANCE																													-
18			LANDING FEES																													-
xxx			OTHER																													-
			SUBTOTAL EXCLUDING PAYROLL																													-
											GROSS DISBURSEMENTS (tie to bank statement)																					-
											(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES																					-
											TAXES:
											a. Federal Income Tax and FICA withholdings																					-
											b. State income tax w/held																					-
											c. State sales or use tax																					-
											d. Other 2																					-
											TOTAL TAXES																					-
											NET MONTHLY DISBURSEMENTS																					-
1 Approximated from Income Statement for the month ended June 30, 2003.
2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax,
state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.
					PREMIER MEETING AND TRAVEL											BANK
ENTITY:					SERVICES, INC.											ACCTS:					Bank One 5578531
																					(see schedule F for details)
BY APO DISBURSEMENT TYPE
(based on Cleared Check Date):																NOTES:															AMOUNT:
xxx	PAYROLL OFFICER															Payroll disbursed through United Airlines															-
xxx	PAYROLL NON-OFFICER																														-
04	AVIATION FUEL																														-
06	CATERING																														-
03	RECURRING RENT																														-
01	GENERAL PAYABLES																														279,876
17	INSURANCE																														-
18	LANDING FEES																														-
xxx	OTHER																														-
	SUBTOTAL EXCLUDING PAYROLL																														279,876
												GROSS DISBURSEMENTS (tie to bank statement)																			279,876
												(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES																			118,845
												TAXES:
												a. Federal Income Tax and FICA withholdings																			-
												b. State income tax w/held																			-
												c. State sales or use tax																			-
												d. Other 1																			-
												TOTAL TAXES																			-
												NET MONTHLY DISBURSEMENTS																			$ 161,031
1 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax,
state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.
				UNITED AVIATION FUELS											BANK
ENTITY:				CORPORATION											ACCTS:		NORTHERN TRUST ACCT. 792705
																	(see schedule F for details)
BY APO DISBURSEMENT TYPE
(based on Cleared Check Date):															NOTES:													AMOUNT:
xxx		PAYROLL OFFICER													Payroll disbursed through United Airlines													-
xxx		PAYROLL NON-OFFICER																										-
04		AVIATION FUEL																										143,821,309
06		CATERING																										-
03		RECURRING RENT																										-
01		GENERAL PAYABLES																										-
17		INSURANCE																										-
18		LANDING FEES																										-
xxx		OTHER																										-
		SUBTOTAL EXCLUDING PAYROLL																										143,821,309
										GROSS DISBURSEMENTS (tie to bank statement)																		143,821,309
										(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES																		91,846,000
										TAXES:
										a. Federal Income Tax and FICA withholdings																		-
										b. State income tax w/held																		-
										c. State sales or use tax																		-
										d. Other 1																		-
										TOTAL TAXES																		-
										NET MONTHLY DISBURSEMENTS																		$ 51,975,309
1 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax,
state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 

ENTITY:

UNITED COGEN , INC.

ACCTS:

List Accounts per attached list

(see schedule F for details)

BY APO DISBURSEMENT TYPE

(based on Cleared Check Date):

NOTES:

AMOUNT:

xxx

PAYROLL OFFICER

Payroll disbursed through United Airlines

-

xxx

PAYROLL NON-OFFICER