Tri Valley Learning Corporation

“Ceo and director of finance review with the back office.”

“Board members complete a form 700 and the ceo submits them to the appropriate authority.”

“Review of market analysis, calibration of job responsibilities, and application of both to specific positions.”

“No documents are currently or expected to be available.”

“Client Note 1 - FORM 8275 -- DISCLOSURE STATEMENT A___________________________________ON NOVEMBER 8, 2016, TRI-VALLEY LEARNING CORPORATION ("DEBTOR") FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE UNITED STATES BANKRUPTCY CODE (CASE NO. 16-43112, ON FILE WITH THE UNITED STATES BANKRUPTCY COURT IN THE NORTHERN DISTRICT OF CALIFORNIA).THE DEBTOR WAS INCORPORATED IN CALIFORNIA AS A NONPROFIT CORPORATION ON OR ABOUT MARCH 10, 2004. THE DEBTOR HAS INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT STATUS. THE DEBTOR OWNED, MANAGED AND OPERATED FOUR CHARTER SCHOOLS IN NORTHERN CALIFORNIA.THE DEBTOR CONTINUED TO OPERATE AS A DEBTOR-IN-POSSESSION AS IT PURSUED REORGANIZATION EFFORTS. THE DEBTOR WAS NOT ULTIMATELY ABLE TO OBTAIN A COURT-APPROVED REORGANIZATION PLAN. SUBSEQUENT TO THE CURRENT YEAR ENDED JUNE 30, 2017, THE CASE WAS CONVERTED TO CHAPTER 7 ON JULY 10, 2017. MICHAEL G. KASOLAS APPOINTED AS CHAPTER 7 TRUSTEE. THE TRUSTEE HAD NO PREVIOUS INVOLVEMENT WITH THE DEBTOR AND MAKES NO WARRANTIES OR REPRESENTATIONS REGARDING THE FINANCIAL RECORDS USED TO PREPARE THIS RETURN.THE DEBTOR AND ITS BNKRUPTCY PROFESSIONALS WISH TO DISCLOSE THE FOLLOWING INFORMATION AND LIMITATIONS INVOLVED IN THE PREPARATION OF ITS ANNUAL INFORMATION RETURN FOR THE YEAR ENDED JUNE 30, 2017.(1) THIS RETURN REPORTS ACTIVITIES FOR THE OPERATIONAL PRE-PETITION (JULY 1, 2016 THROUGH NOVEMBER 7, 2016) AND POST-PETITION PETITION (NOVEMBER 8, 2016 THROUGH MAY 31, 2017) PORTIONS OF THE YEAR ENDED JUNE 30, 2017. NO INFORMATION WAS PROVIDED FOR THE PERIOD JUNE 1, 2017 THROUGH JUNE 30, 2017. THIS RETURN HAS BEEN PREPARED USING THE BEST INFORMATION AVAILABLE TO THE CHAPTER 7 TRUSTEE.(2) DUE TO THE DEBTOR'S BANKRUPTCY CASE FILING, ALL OF THE DEBTOR'S ACCCOUNTING AND FINANCE PROFESSIONALS DEPARTED PRIOR TO THE PREPARATION AND FILING OF THIS RETURN. CONSEQUENTLY, INFORMATION WAS NOT AVAILABLE DURING THE PREPARATION OF THIS RETURN REGARDING THE DEBTOR'S HISORICAL ACCOUNTING, INCLUDING, BUT NOT LIMITED TO, DONATION AND PAYROLL RECORDS, THE BREAKDOWN OF EXPENSE CATEGORIES REPORTED ON THE STATEMENT OF FUNCTIONAL EXPENSES AND THE COMPOSITION OF WAGES AND COMPENSATION, ETC, WHICH IN TURN IMPACTS INFORMATIONAL DISCLOSURES ON PART VII, PART IX, AND SCHEDULE B. IF ADDITIONAL INFORMATION HAD BEEN AVAILABLE, IT MIGHT HAVE CAUSED DIFFERENCES IN CLASSIFICATIONS OF ITEMS; HOWEVER, ANY DIFFERENCES WOULD NOT HAVE AN IMPACT ON REPORTED OVERALL NET ACTIVITY.”

“The organization is in chapter 11 bankruptcy, which was converted to a chapter 7 filing subsequent to year end. No accounting or bookkeeping personnel were available at the time of return preparation. No information is available to the preparer relating to form 1099 or w-2/w-3 preparation for the calendar year ending december 31, 2016.”

“Due to the chapter 11 bankruptcy filing, the organization's accounting and financial personnel were not avilable to provide any information concerning whether any federal award was made during the fiscal year ended june 30, 2017. No audit is anticipated.”