| UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND | ||||||||||||||||
| A MICHIGAN LIMITED PARTNERSHIP | ||||||||||||||||
| STATEMENTS OF CASH FLOWS | ||||||||||||||||
| (Unaudited) | ||||||||||||||||
| THREE MONTHS ENDED | ||||||||||||||||
| March 31,2002 | March 31, 2001 | |||||||||||||||
| Cash Flows From Operating Activities: | ||||||||||||||||
| Net Income | $268,983 | $267,783 | ||||||||||||||
| Adjustments To Reconcile Net Income | ||||||||||||||||
| To Net Cash Provided By | ||||||||||||||||
| Operating Activities: | ||||||||||||||||
| Depreciation | 198,693 | 212,538 | ||||||||||||||
| Amortization | 21,500 | 21,500 | ||||||||||||||
| (Increase) Decrease in Homes and Improvements | (305,102) | 83,444 | ||||||||||||||
| (Increase) Decrease In Other Assets | (136,943) | (222,589) | ||||||||||||||
| Increase (Decrease) In Accounts Payables | 478,556 | 145,810 | ||||||||||||||
| Increase (Decrease) Other Liabilities | 203,537 | 198,597 | ||||||||||||||
| Total Adjustments: | 460,241 | 439,300 | ||||||||||||||
| Net Cash Provided By | ||||||||||||||||
| Operating Activities | 729,224 | 707,083 | ||||||||||||||
| Cash Flows Used In Investing Activities: | ||||||||||||||||
| Capital Expenditures | (377,919) | 37,701 | ||||||||||||||
| Cash Flows From Financing Activities: | ||||||||||||||||
| Distributions To Partners | (260,250) | (249,813) | ||||||||||||||
| Net Payments on Line-Of-Credit | 0 | (78,264) | ||||||||||||||
| Principal Payments on Mortgage | (89,934) | (83,565) | ||||||||||||||
| Net Cash Used In | (350,184) | (411,642) | ||||||||||||||
| Financing Activities | ||||||||||||||||
| Increase (Decrease) In Cash and Equivalents | 1,121 | 257,740 | ||||||||||||||
| Cash and Equivalents, Beginning | 902,752 | 476,829 | ||||||||||||||
| Cash and Equivalents, Ending | $903,873 | $734,569 | ||||||||||||||
| See Notes to Financial Statements | ||||||||||||||||
| 5 | ||||||||||||||||