Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

 

In re VeraSun Energy Corporation et al.
		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

CORPORATE MONTHLY OPERATING REPORT

File with the Court and submit a copy to the United States Trustee within 30 days after the end of the month and submit a copy of the report to any official committee appointed in the case.

 

REQUIRED DOCUMENTS		Form No.		Document Attached		Explanation Attached
Schedule of Cash Receipts		MOR-1a		x
Schedule of Disbursements		MOR-1b		x
Bank Account Information		MOR-1c		x
Copies of bank statements (See Notes to the MOR)						x
Cash disbursements journals (See Notes to the MOR)						x
Statement of Operations (Income Statement)		MOR-2		x
Balance Sheet		MOR-3		x
Status of Post-petition Taxes		MOR-4		x
Copies of IRS Form 6123 or payment receipt (See Notes to the MOR)						x
Copies of tax returns filed during reporting period (See Notes to the MOR)						x
Summary of Unpaid Post-petition Debts (See Notes to the MOR)		MOR-4				x
Listing of Aged Accounts Payable (See Notes to the MOR)						x
Accounts Receivable Reconciliation and Aging (See Notes to the MOR)		MOR-5		x		x
Taxes Reconciliation and Aging (See MOR-7)		MOR-5				x
Payments to Insiders and Professional		MOR-6		x
Post Petition Secured Notes Adequate Protection Payments		MOR-6		x
Debtor Questionnaire		MOR-7		x

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

 

/s/ Mark Dickey				11/02/09
Signature of Authorized Individual*				Date
Mark Dickey
Printed Name of Authorized Individual
SVP General Counsel & Secretary
Title

 

*	Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

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MOR NOTES

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

Notes to the Monthly Operating Report

GENERAL:

The report includes activity from the following Debtors and related case numbers:

 

Debtor		Case Number
ASA Albion, LLC		08-12607
ASA Bloomingburg, LLC		08-12608
ASA Linden, LLC		08-12609
ASA OpCo Holdings, LLC		08-12610
US Bio Marion, LLC		08-12611
US BioEnergy Corporation		08-12612
VeraSun Albert City, LLC		08-12613
VeraSun Aurora Corporation		08-12614
VeraSun BioDiesel, LLC		08-12605
VeraSun Central City, LLC		08-12615
VeraSun Charles City, LLC		08-12616
VeraSun Dyersville, LLC		08-12617
VeraSun Energy Corporation		08-12606
VeraSun Fort Dodge, LLC		08-12618
VeraSun Granite City, LLC		08-12619
VeraSun Hankinson, LLC		08-12620
VeraSun Hartley, LLC		08-12621
VeraSun Janesville, LLC		08-12622
VeraSun Litchfield, LLC		08-12623
VeraSun Marketing, LLC		08-12624
VeraSun Ord, LLC		08-12625
VeraSun Reynolds, LLC		08-12626
VeraSun Tilton, LLC		08-12627
VeraSun Welcome, LLC		08-12628
VeraSun Woodbury, LLC		08-12629

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MOR NOTES

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

Notes to the Monthly Operating Report

Notes to MOR-1a:

Cash receipts related to intercompany transfers among the various Debtor entities jointly administered under case number 08-12606 (each a “Debtor” and, collectively, the “Debtors”) are not included in this schedule except transfers of funding from VeraSun Energy Corporation (“VEC”) and ASA OpCo Holdings, LLC (“ASA OpCo”) to subsidiary Debtor entities and transfers of payments from VeraSun Marketing, LLC (“VeraSun Marketing”) to other VeraSun legacy Debtor entities.

Notes to MOR-1b:

All cash disbursements exclude intercompany transfers among the Debtor entities except transfers of funding from VEC and ASA OpCo to subsidiary debtor entities and transfers of payments from VeraSun Marketing to other VeraSun legacy Debtor entities.

Notes to MOR-1c:

All amounts listed are the bank balances as of the end of the month.

Notes to MOR-2:

The Statement of Operations (Income Statement) reflects revenue and expenses that directly correspond to the Debtor legal entity except VeraSun Tilton, LLC, which does not maintain separate accounting records.

Reorganization items primarily represent legal and other professional fees.

Any changes to prior period income/expense amounts will be reflected in the current Monthly Operating Report (the “MOR”).

Notes to MOR-3:

The Balance Sheet reflects assets, liabilities, and shareholders’ equity that directly correspond to the Debtor legal entity except VeraSun Tilton, LLC, which does not maintain separate accounting records. The accounting records of the parent VEC includes land owned by VeraSun Tilton, LLC, carried at approximately $4.3 million.

On February 19, 2009, the Bankruptcy Court entered the Order Pursuant to 11 U.S.C. §§ 105(A), 363, 365 and Fed. R. Bankr. P. 2002, 6004, 6006 Establishing Bidding and Auction Procedures Related to the Sale of Some or All of the Debtors’ Assets. Accordingly, VEC and its subsidiary Debtor entities reclassified the long-lived assets to the line captioned “Assets held for sale” on MOR-3 and ceased depreciating such assets in accordance with Statements of Financial Accounting Standards No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets.”

On January 7, 2009, the Bankruptcy Court entered the Order Under 11 U.S.C. §§ 105 and 363 Approving Procedures to Sell Certain De Minimis Assets Free and Clear of Liens Claims, and Encumbrances Without Further Order of the Court (Docket No. 453). Pursuant to paragraph 2 of the De Minimis Asset Sale Order, the Debtors are required to disclose all de minimis asset sales with an aggregate sale price of less than $50,000 (the “Level 1 Sales”) consummated during any given month in their MOR. VEC incurred Level 1 Sales of $2,385 in the month of September 2009 for the sale of computer equipment and various office furniture.

Certain accruals are recorded monthly at VEC, ASA OpCo, and US BioEnergy Corporation and allocated to other Debtor entities when paid.

Because the Debtor entities file a joint Federal Income Tax return, individual Debtor entity balances would reflect assets and liabilities that net to the financial statement line on a combined basis. However, VEC recorded a full valuation allowance against deferred tax assets and liabilities; thus, these captions do not appear on MOR-3.

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MOR NOTES

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

Notes to the Monthly Operating Report

Intercompany balances subject to compromise and not subject to compromise are shown net by Debtor entity.

Any changes to prior period balances will be reflected in the current month MOR.

Notes to MOR-4:

The tax walk forward reflects both pre-petition and post-petition taxes, and the beginning balance for this MOR reflects accrued taxes as of August 31, 2009.

VEC and related Debtors are current on all post petition payments other than disputes that arise in the ordinary course of business transactions.

Notes to MOR-5:

Ending third party accounts receivable balances by Debtor legal entity are listed on MOR-3, which balance differs from the Accounts Receivable Aging primarily due to certain aged receivables that are included on the line “Prepaid expenses and other assets”.

Notes to MOR-6:

Payments to insiders exclude intercompany payments between Debtor entities.

Notes to MOR-7:

The Debtor entities have made certain payments on account of pre-petition liabilities in accordance with orders of the Bankruptcy Court specifically authorizing payment of certain pre-petition liabilities.

Debtor entities from time to time have sold product to insider CHS, Inc and to its 100% owned subsidiary Provista LLC.

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MOR-1a

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

Schedule of Cash Receipts

(000’s)

 

						TIME PERIOD:
						9/1/2009—9/30/2009
						(see Notes to the MOR related to MOR-1a)

 

Debtor		Case Number		Cash Receipts
ASA Albion, LLC		08-12607		$	—
ASA Bloomingburg., LLC		08-12608			—
ASA Linden, LLC		08-12609			—
ASA OpCo Holdings, LLC		08-12610			—
US Bio Marion, LLC		08-12611			—
US BioEnergy Corporation		08-12612			1,346
VeraSun Albert City, LLC		08-12613			—
VeraSun Aurora Corporation		08-12614			—
VeraSun BioDiesel, LLC		08-12605			—
VeraSun Central City, LLC		08-12615			—
VeraSun Charles City, LLC		08-12616			—
VeraSun Dyersville, LLC		08-12617			—
VeraSun Energy Corporation		08-12606			411
VeraSun Fort Dodge, LLC		08-12618			—
VeraSun Granite City, LLC		08-12619			—
VeraSun Hankinson, LLC		08-12620			—
VeraSun Hartley, LLC		08-12621			—
VeraSun Janesville, LLC		08-12622			—
VeraSun Litchfield, LLC		08-12623			—
VeraSun Marketing, LLC		08-12624			25
VeraSun Ord, LLC		08-12625			—
VeraSun Reynolds, LLC		08-12626			—
VeraSun Tilton, LLC		08-12627			—
VeraSun Welcome, LLC		08-12628			—
VeraSun Woodbury, LLC		08-12629			—
Total Cash Receipts				$	1,783

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MOR-1b

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

Schedule of Disbursements

(000’s)

 

						TIME PERIOD:
						9/1/2009—9/30/2009
						(see Notes to the MOR related to MOR-1b)

 

Debtor		Case Number		Disbursements
ASA Albion, LLC		08-12607		$	32
ASA Bloomingburg, LLC		08-12608			32
ASA Linden, LLC		08-12609			32
ASA OpCo Holdings, LLC		08-12610			1
US Bio Marion, LLC		08-12611			32
US BioEnergy Corporation		08-12612			—
VeraSun Albert City, LLC		08-12613			32
VeraSun Aurora Corporation		08-12614			1
VeraSun BioDiesel, LLC		08-12605			—
VeraSun Central City, LLC		08-12615			—
VeraSun Charles City, LLC		08-12616			—
VeraSun Dyersville, LLC		08-12617			—
VeraSun Energy Corporation		08-12606			619
VeraSun Fort Dodge, LLC		08-12618			—
VeraSun Granite City, LLC		08-12619			—
VeraSun Hankinson, LLC		08-12620			—
VeraSun Hartley, LLC		08-12621			—
VeraSun Janesville, LLC		08-12622			—
VeraSun Litchfield, LLC		08-12623			—
VeraSun Marketing, LLC		08-12624			—
VeraSun Ord, LLC		08-12625			10
VeraSun Reynolds, LLC		08-12626			—
VeraSun Tilton, LLC		08-12627			—
VeraSun Welcome, LLC		08-12628			—
VeraSun Woodbury, LLC		08-12629			14
Total Disbursements				$	803

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MOR-1c

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

Bank Account Information

(000’s)

 

Legal Entity		Case No.		Bank and account description		Bank Account No.		Bank Balance
ASA Albion, LLC		08-12607		First National Bank Omaha - O&M		110118507		$	593
ASA Bloomingburg LLC		08-12608		First National Bank Omaha - O&M		110118497			90
ASA Linden, LLC		08-12609		First National Bank Omaha - O&M		110118484			836
ASA OpCo Holdings, LLC		08-12610		Bank of America		3755553825			2,787
US Bio Marion LLC		08-12611		Bank of America		3755551267			512
		08-12611		Bank of America		3755553663			1,012
US BioEnergy Corporation		08-12612		Bank of America		3755551199			1,346
VeraSun Albert City, LLC		08-12613		Bank of America		3755551131			961
(a)		08-12613		US Bank- Valero Admin Payable		130625001			57
VeraSun Aurora Corporation		08-12614		First National Bank Omaha - O&M		110197793			157
VeraSun BioDiesel, LLC		08-12605		NONE		NONE			—
VeraSun Central City, LLC		08-12615		Bank of America		3755551144			27
		08-12615		Bank of America - wind down acct		3755553427			388
VeraSun Charles City, LLC		08-12616		First National Bank Omaha - O&M		110211417			179
VeraSun Dyersville, LLC		08-12617		Bank of America		3755551160			—
		08-12617		Bank of America - wind down acct		3755553456			514
VeraSun Energy Corporation		08-12606		First National Bank Omaha - O&M		110193438			7,960
		08-12606		Bank of America Payroll		3755551241			—
		08-12606		Bank of America Sale Proceeds		3755552871			33,063
(c)		08-12606		Bank of America - AgStar Litigation		3755553207			—
		08-12606		Bank of America - Mechanic Lien Acct		3755553210			10,495
(a)		08-12606		US Bank-Valero Admin Payable		130624001			7,218
(b)		08-12606		First National Bank Omaha Money Market		201651766-20			886
VeraSun Fort Dodge, LLC		08-12618		First National Bank Omaha - O&M		110118073			236
VeraSun Granite City, LLC		08-12619		NONE		NONE			—
VeraSun Hankinson, LLC		08-12620		Bank of America Account		3755551186			—
		08-12620		Bank of America Account		3755552541			142
		08-12620		Bank of America - wind down acct		3755553511			615
		08-12620		Bank of America - Cure		3755553524			246
VeraSun Hartley, LLC		08-12621		First National Bank Omaha - O&M		110210845			1,417
VeraSun Janesville, LLC		08-12622		Bank of America		3755551173			—
		08-12622		Bank of America - wind down acct		3755553485			97
VeraSun Litchfield, LLC		08-12623		NONE		NONE			—
VeraSun Marketing, LLC		08-12624		First National Bank Omaha - Revenue		110203784			56,198
		08-12624		First National Bank Omaha - O&M		110203690			1,041
VeraSun Ord, LLC		08-12625		Bank of America		3755551157			—
(c)		08-12625		Bank of America - Professional fees		3755553537			—
		08-12625		Bank of America - wind down acct		3755553540			365
VeraSun Reynolds, LLC		08-12626		NONE		NONE			—
VeraSun Tilton, LLC		08-12627		NONE		NONE			—
VeraSun Welcome, LLC		08-12628		First National Bank Omaha - O&M		110203920			1
VeraSun Woodbury, LLC		08-12629		Bank of America		3755551128			—
		08-12629		Bank of America - Professional fees		3755553566			115
		08-12629		Bank of America - wind down acct		3755553579			284
								$	129,835

 

(a)	Account was opened during April 2009 for professional fee activity.

(b)	First National Bank Omaha maintains in its name an escrow account for cash backed letters of credit. Balance in this escrow account at September 30, 2009 was $9.7 million.

(c)	Account was officially closed and will not appear on future filed MOR-1c schedules.

 

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MOR-2

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

Statement of Operations (Income Statement)

(000’s)

 

Case Number		VeraSun Energy Corporation 08-12606				Aurora 08-12614				Fort Dodge 08-12618				Charles City 08-12616				Bio Diesel 08-12605			Marketing 08-12624				Litchfield 08-12623			Welcome 08-12628
Net revenue			—				—				—				—				—			(0	)			—			—
Cost of goods sold			—				0				15				(11	)			—			3				—			—
Gross profit (loss)			—				(0	)			(15	)			11				—			(4	)			—			—
Selling, general and administrative expenses			727				6				—				—				—			—				—			—
Operating income (loss)			(727	)			(7	)			(15	)			11				—			(4	)			—			—
Other income (expense):
Interest expense			—				—				—				—				—			—				—			—
Interest income			1				—				—				—				—			—				—			—
Other income (expense)			—				—				—				—				—			—				—			—
Reorganization items, net			(46	)			—				—				—				—			—				—			—
			(46	)			—				—				—				—			—				—			—
Income (loss) before income taxes			(772	)			(7	)			(15	)			11				—			(4	)			—			—
Income tax expense (benefit)			—				—				—				—				—			—				—			—
Net income (loss)		$	(772	)		$	(7	)		$	(15	)		$	11			$	—		$	(4	)		$	—		$	—

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MOR-2

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

Statement of Operations (Income Statement)

(000’s)

 

Case Number		Hartley 08-12621				Granite City 08-12619			Reynolds 08-12626			Opco 08-12610				Linden 08-12609				Albion 08-12607				Bloomingburg 08-12608				US BioEnergy Corporate 08-12612
Net revenue			—				—			—			—				—				—				—				—
Cost of goods sold			1				—			—			—				(1	)			1				(1	)			—
Gross profit (loss)			(1	)			—			—			—				1				(1	)			1				—
Selling, general and administrative expenses			(1	)			—			—			4				—				—				—				13
Operating income (loss)			0				—			—			(4	)			1				(1	)			1				(13	)
Other income (expense):
Interest expense			—				—			—			—				—				—				—				—
Interest income			—				—			—			—				—				—				—				—
Other income (expense)			—				—			—			—				—				—				—				—
Reorganization items, net			—				—			—			—				(32	)			(32	)			(32	)			1,331
			—				—			—			—				(32	)			(32	)			(32	)			1,331
Income (loss) before income taxes			0				—			—			(4	)			(31	)			(32	)			(31	)			1,318
Income tax expense (benefit)			—				—			—			—				—				—				—				—
Net income (loss)		$	0			$	—		$	—		$	(4	)		$	(31	)		$	(32	)		$	(31	)		$	1,318

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MOR-2

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

Statement of Operations (Income Statement)

(000’s)

 

Case Number		Marion 08-12611				Hankinson 08-12620				Albert City 08-12613				Woodbury 08-12629				Central City 08-12615			Ord 08-12625				Dyersville 08-12617				Janesville 08-12622
Net revenue			—				—				—				—				—			—				—				—
Cost of goods sold			0				0				—				8				—			0				1				—
Gross profit (loss)			(0	)			(0	)			—				(8	)			—			(0	)			(1	)			—
Selling, general and administrative expenses			(1	)			5				—				—				—			—				57				0
Operating income (loss)			0				(5	)			—				(8	)			—			(0	)			(58	)			(0	)
Other income (expense):
Interest expense			—				—				—				—				—			—				—				—
Interest income			—				—				—				—				—			—				—				—
Other income (expense)			—				—				—				—				—			—				—				—
Reorganization items, net			(32	)			(64	)			(32	)			(17	)			—			(10	)			—				(9	)
			(32	)			(64	)			(32	)			(17	)			—			(10	)			—				(9	)
Income (loss) before income taxes			(31	)			(69	)			(32	)			(26	)			—			(10	)			(58	)			(10	)
Income tax expense (benefit)			—				—				—				—				—			—				—				—
Net income (loss)		$	(31	)		$	(69	)		$	(32	)		$	(26	)		$	—		$	(10	)		$	(58	)		$	(10	)

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MOR-3

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

Balance Sheet

(000’s)

 

Case Number		VeraSun Energy Corporation 08-12606				Aurora 08-12614				Fort Dodge 08-12618				Charles City 08-12616				Bio Diesel 08-12605				Marketing 08-12624				Litchfield 08-12623				Welcome 08-12628
Assets
Assets
Cash and cash equivalents		$	41,009			$	157			$	236			$	177			$	—			$	57,238			$	—			$	0
Restricted cash			26,381				—				—				—				—				—				—				—
Receivables			—				—				—				—				—				5,996				—				—
Prepaid expenses and other assets			5,434				68				116				2,076				—				350				—				—
Assets held for sale			4,469				1				0				0				235				—				2,741				—
Total Assets		$	77,292			$	226			$	352			$	2,253			$	235			$	63,585			$	2,741			$	0
Liabilities and Stockholders’ Equity
Liabilities
Accounts payable		$	1,554			$	105			$	97			$	(6	)		$	—			$	1,988			$	—			$	(7	)
Accrued expenses and other liabilities			8,032				—				—				587				—				—				—				—
Intercompany (receivable)/payable			(24,931	)			(1,597	)			(3,130	)			133				1				52,462				20				1,448
Total Liabilities Not Subject to Compromise			(15,345	)			(1,492	)			(3,033	)			714				1				54,450				20				1,441
Liabilities subject to compromise			458,139				9,246				3,669				8,885				—				70,370				—				10,012
Intercompany (receivable)/payable subject to compromise			(781,156	)			(31,687	)			29,275				148,376				1,497				13,133				12,774				220,428
Total Liabilities Subject to Compromise			(323,017	)			(22,441	)			32,943				157,261				1,497				83,503				12,774				230,440
Total Liabilities			(338,362	)			(23,933	)			29,911				157,975				1,498				137,953				12,794				231,881
Shareholders’ Equity
Common stock			1,581				0				20,924				—				—				—				—				—
Additional paid-in capital			1,406,878				25,263				—				—				—				—				—				—
Retained earnings			(992,804	)			(1,104	)			(50,482	)			(155,722	)			(1,264	)			(74,369	)			(10,053	)			(231,881	)
Total Shareholders’ Equity			415,655				24,159				(29,558	)			(155,722	)			(1,264	)			(74,369	)			(10,053	)			(231,881	)
Total Liabilities and Shareholders’ Equity		$	77,292			$	226			$	352			$	2,253			$	235			$	63,585			$	2,741			$	0

---

MOR-3

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

Balance Sheet

(000’s)

 

Case Number		Hartley 08-12621				Granite City 08-12619				Reynolds 08-12626				Opco 08-12610				Linden 08-12609				Albion 08-12607				Bloomingburg 08-12608				US BioEnergy Corporate 08-12612
Assets
Assets
Cash and cash equivalents		$	1,415			$	—			$	—			$	2,787			$	836			$	593			$	90			$	1,346
Restricted cash			—				—				—				—				—				—				—				—
Receivables			—				—				—				—				—				0				—				—
Prepaid expenses and other assets			2,093				—				—				300				71				2,627				527				511
Assets held for sale			3				1,760				12				—				—				—				—				—
Total Assets		$	3,512			$	1,760			$	12			$	3,087			$	907			$	3,220			$	617			$	1,857
Liabilities and Stockholders’ Equity
Liabilities
Accounts payable		$	112			$	—			$	12			$	535			$	(3	)		$	(10	)		$	19			$	(3	)
Accrued expenses and other liabilities			—				43				—				—				—				—				—				56
Intercompany (receivable)/payable			(402	)			(117	)			(258	)			(18,939	)			4,563				6,045				8,831				(327	)
Total Liabilities Not Subject to Compromise			(290	)			(74	)			(246	)			(18,404	)			4,560				6,036				8,850				(273	)
Liabilities subject to compromise			9,398				0				3,751				119				46,500				56,719				47,348				5,109
Intercompany (receivable)/payable subject to compromise			231,698				11,172				89,091				(440,302	)			189,019				167,348				183,042				(78,845	)
Total Liabilities Subject to Compromise			241,096				11,172				92,842				(440,183	)			235,519				224,067				230,390				(73,736	)
Total Liabilities			240,806				11,098				92,596				(458,587	)			240,079				230,103				239,240				(74,010	)
Shareholders’ Equity
Common stock			—				—				—				—				—				—				—				648
Additional paid-in capital			—				—				—				439,626				—				—				—				751,266
Retained earnings			(237,294	)			(9,338	)			(92,584	)			22,048				(239,172	)			(226,883	)			(238,623	)			(676,047	)
Total Shareholders’ Equity			(237,294	)			(9,338	)			(92,584	)			461,674				(239,172	)			(226,883	)			(238,623	)			75,867
Total Liabilities and Shareholders’ Equity		$	3,512			$	1,760			$	12			$	3,087			$	907			$	3,220			$	617			$	1,857

---

MOR-3

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

Balance Sheet

(000’s)

 

Case Number		Marion 08-12611				Hankinson 08-12620				Albert City 08-12613				Woodbury 08-12629				Central City 08-12615				Ord 08-12625				Dyersville 08-12617				Janesville 08-12622
Assets
Assets
Cash and cash equivalents		$	1,524			$	757			$	961			$	284			$	415			$	365			$	514			$	97
Restricted cash			—				246				57				115				—				—				—				—
Receivables			—				—				—				(4	)			—				—				—				—
Prepaid expenses and other assets			61				61				2,664				52				55				28				62				35
Assets held for sale			—				—				—				—				—				—				7				—
Total Assets		$	1,585			$	1,064			$	3,682			$	447			$	470			$	392			$	582			$	133
Liabilities and Stockholders’ Equity
Liabilities
Accounts payable		$	(98	)		$	(183	)		$	0			$	44			$	(1	)		$	21			$	71			$	0
Accrued expenses and other liabilities			—				46				114				233				56				114				46				—
Intercompany (receivable)/payable			(235	)			(359	)			(128	)			(231	)			(356	)			(72	)			(71	)			147
Total Liabilities Not Subject to Compromise			(333	)			(495	)			(14	)			46				(301	)			63				47				148
Liabilities subject to compromise			19,102				18,150				16,661				10,311				15,978				14,126				16,097				24,437
Intercompany (receivable)/payable subject to compromise			9,257				8,082				(3,690	)			175				13,376				(1,114	)			7,688				1,363
Total Liabilities Subject to Compromise			28,359				26,233				12,972				10,486				29,354				13,012				23,785				25,800
Total Liabilities			28,026				25,737				12,958				10,531				29,053				13,075				23,832				25,948
Shareholders’ Equity
Common stock			—				—				—				—				—				—				—				—
Additional paid-in capital			120,899				110,308				110,272				48,119				104,363				57,911				98,480				83,542
Retained earnings			(147,340	)			(134,981	)			(119,548	)			(58,203	)			(132,946	)			(70,594	)			(121,729	)			(109,357	)
Total Shareholders’ Equity			(26,441	)			(24,673	)			(9,277	)			(10,084	)			(28,583	)			(12,683	)			(23,250	)			(25,815	)
Total Liabilities and Shareholders’ Equity		$	1,585			$	1,064			$	3,682			$	447			$	470			$	392			$	582			$	133

---

MOR-4

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

Status of Post-petition Taxes

(000’s)

 

VeraSun Energy Corporation et al.		Beginning Tax Liability				Amount Withheld or Accrued				Amount Paid			Ending Tax Liability
Payroll		$	—			$	(24	)		$	24			—
Real Estate and Personal Property			(53	)			—				10			(43	)
Sales and Use			(12	)			(29	)			12			(29	)
Other			(166	)			—				—			(166	)
Total Taxes		$	(231	)		$	(53	)		$	46		$	(238	)

---

MOR-5

In re VeraSun Energy Corporation et al.

 

		Case No.		08-12606
		Reporting Period:		30-Sep-09

 

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

(000’s)

 

Accounts Receivable Aging		0-30 Days			31-60 Days			61-90 Days			91+ Days			Total
0 - 30 days old														$	—
31 - 60 days old															—
61 - 90 days old															—
91+ days old (a)											$	7,640			7,640
Total Accounts Receivable		$	—		$	—		$	—		$	7,640		$	7,640

 

(a)	“91+ days” category includes approximately $7.24 million of VeraSun Marketing, LLC receivable of which approximately $5.2 million is being disputed by three of its customers.

---

MOR-6

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

Payments to Insiders and Professional

(000’s)

Of the total disbursements shown on the Schedule of Disbursements Report (MOR-1b) list the amount paid to insiders (as defined in Section 101(31) (A)-(F) of the U.S. Bankruptcy Code) and to professionals. For payments to insiders, identify the type of compensation paid (e.g. Salary, Bonus, Commissions, Insurance, Housing Allowance, Travel, Car Allowance, Etc.). Attach additional sheets if necessary.

Insiders

 

Name		Amount Paid During Month			Total Paid to Date
Barry Schaps, Senior Vice President, Sales and Logistics		$	—		$	39
Bryan D. Meier, Vice President, Finance and Chief Accounting Officer			—			192
Chad D. Hatch, Vice President of Corporate Development			—			40
Danny Herron, President and Chief Financial Officer			—			107
Donald L. Endres, Chief Executive Officer and Director			—			411
Duane Gilliam, Board Director			—			17
Jack Huggins, Board Director			—			18
James Dauwalter, Board Director			—			15
Joel West, Vice President, Commodity Management			—			137
Mark D. Dickey, Senior Vice President, General Counsel, and Corporate Secretary			23			253
Paul J. Caudill, Senior Vice President, Operations			—			112
Paul Schock, Board Director			—			15
Robert L. Antoine, Jr., Senior Vice President, Human Resources			—			149
Steven Kirby, Board Director			—			17
Virg Garbers, Vice President and Corporate Controller			32			157
William L. Honnef, Senior Vice President, Sales and Marketing and Strategic Initiatives			—			292
CHS, Inc., Shareholder			—			178
Total Payments to Insiders		$	55		$	2,148
Professionals
Name		Amount Paid During Month			Total Paid to Date
Akin Gump Strauss Hauer & Feld, LLP		$	—		$	2,091
AP Services, LLP			—			7,020
Deloitte & Touche, LLP			47			280
Deloitte Tax, LLP			—			704
Greenberg Traurig, LLP			—			62
Houlihan, Lokey, Howard and Zukin Capital, Inc.			—			1,649
McGladrey & Pullen, LLP			—			1,001
Rothschild, Inc.			—			538
Skadden, Arps, Slate, Meagher, & Flom, LLP			331			9,057
Total Payments to Professionals		$	378		$	22,401
Post Petition Secured Notes Adequate Protection Payments
Name of Creditor		Amount Paid During Month			Total Paid to Date
AgStar Financial Services—Albert City		$	—		$	54,833
AgStar Financial Services—Central City			—			1,844
AgStar Financial Services—Dyersville			—			2,428
AgStar Financial Services—Ord			—			925
AgStar Financial Services—Woodbury			—			875
AgStar Financial Services—Hankinson			—			1,832
AgStar Financial Services—Janesville			—			1
9 7/8% senior secured notes due 2012			—			121,075
UBS			—			97,065
Dougherty Funding			—			1,769
First Bank and Trust—Marion			—			323
West LB Ag			—			28,972
Total Payments		$	—		$	311,944

---

MOR-7

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

Debtor Questionnaire

 

		Must be completed each month. If the answer to any of the questions is “Yes”, provide a detailed explanation of each item. Attach additional sheets if necessary.		Yes		No
1		Have any assets been sold or transferred outside the normal course of business this reporting period?				X
2		Have any funds been disbursed from any account other than a debtor in possession account this reporting period?				X
3		Is the Debtor delinquent in the timely filing of any post-petition tax returns?				X
4		Are workers compensation, general liability or other necessary insurance coverages expired or cancelled, or has the Debtor received notice of expiration or cancellation of such policies?				X
5		Is the Debtor delinquent in paying any insurance premium payment?				X
6		Have any payments been made on pre-petition liabilities this reporting period?				X
7		Are any post petition receivables (accounts, notes or loans) due from related parties?				X
8		Are any post petition payroll taxes past due?				X
9		Are any post petition State or Federal income taxes past due?				X
10		Are any post petition real estate taxes past due?				X
11		Are any other post petition taxes past due?				X
12		Have any pre-petition taxes been paid during this reporting period?				X
13		Are any amounts owed to post petition creditors delinquent?				X
14		Are any wage payments past due?				X
15		Have any post petition loans been received by the Debtor from any party?				X
16		Is the Debtor delinquent in paying any U.S. Trustee fees? (a)				X
17		Is the Debtor delinquent with any court ordered payments to attorneys or other professionals?				X
18		Have the owners or shareholders received any compensation outside of the normal course of business?				X

 

(a)

The Debtors received a Delinquency Notice (the “Notice”) from the Office of the U.S. Trustee (the “Trustee”) that was processed on August 6, 2009. The Notice stated that US BioEnergy Corporation owed an estimated balance of $5,850.16. However the Debtors-upon additional review and analysis, including discussions with officials from the Trustee’s office-have concluded that they overstated the “disbursements” on their June monthly operating report for purposes of calculating the quarterly fees due to the Trustee. The Debtors included in the disbursements certain accounts receivable funds that were collected and then distributed, pursuant to an asset purchase agreement, to the entity that recently purchased substantially all of US BioEnergy Corporation’s assets. The distribution of those funds was erroneously included as a disbursement, which, in turn, led to an inflated calculation of the Debtors’ quarterly fee due to the Trustee. The Debtors are working with the Trustee to correct this error. Once it is corrected, the Debtors do not believe that they will owe any balance to the Trustee.

---

In re VeraSun Energy Corporation et al.

 

		Case No. (Jointly Administered)		08-12606
		Reporting Period:		30-Sep-09
		Federal Tax I.D. #		20-3430241

 

If additional information is required for the current or any future Monthly Operating Reports, please send the request to:

 

		VeraSun Energy Corporation
		110 N. Minnesota Ave. Suite 300 Sioux Falls, SD 57104 Attn: Mark Dickey