| UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND | ||||||||||||||||
| A MICHIGAN LIMITED PARTNERSHIP | ||||||||||||||||
| STATEMENTS OF CASH FLOWS | ||||||||||||||||
| SIX MONTHS ENDED | ||||||||||||||||
| June 30, 2002 | June 30,2001 | |||||||||||||||
| (unaudited) | (unaudited) | |||||||||||||||
| Cash Flows From Operating Activities: | ||||||||||||||||
| Net Income | $586,465 | $542,220 | ||||||||||||||
| Adjustments To Reconcile Net Income | ||||||||||||||||
| To Net Cash Provided By | ||||||||||||||||
| Operating Activities: | ||||||||||||||||
| Depreciation | 413,562 | 410,361 | ||||||||||||||
| Amortization | 43,000 | 43,000 | ||||||||||||||
| (Increase) Decrease In Homes & Improvements | (46,380) | (202,500) | ||||||||||||||
| (Increase) Decrease In Other Assets | (148,011) | (338,959) | ||||||||||||||
| Increase (Decrease) In Accounts Payable | (42,804) | 90,212 | ||||||||||||||
| Increase (Decrease) In Other Liabilities | 299,858 | 286,324 | ||||||||||||||
| Total Adjustments: | 519,225 | 288,438 | ||||||||||||||
| Net Cash Provided By | ||||||||||||||||
| Operating Activities | 1,105,690 | 830,658 | ||||||||||||||
| Cash Flows From Investing Activities: | ||||||||||||||||
| Capital Expenditures | (708,424) | (47,080) | ||||||||||||||
| Net Cash Provided By (Used In) | ||||||||||||||||
| Investing Activities Activities | (708,424) | (47,080) | ||||||||||||||
| Cash Flows From Financing Activities: | ||||||||||||||||
| Net Payment on Line of Credit | (75,000) | (78,264) | ||||||||||||||
| Distributions To Partners | (519,500) | (510,063) | ||||||||||||||
| Principal Payments on Mortgage | (167,080) | (154,063) | ||||||||||||||
| Net Cash Provided By (Used In) Financing Activites | (761,580) | (742,390) | ||||||||||||||
| Increase (Decrease) In Cash and Equivalents | (364,314) | 41,188 | ||||||||||||||
| Cash and Equivalents, Beginning | 902,752 | 476,829 | ||||||||||||||
| Cash and Equivalents, Ending | $538,438 | $518,017 | ||||||||||||||
| See Notes to Financial Statements | ||||||||||||||||
| 5 | ||||||||||||||||