| UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND | ||||||||||||||||
| A MICHIGAN LIMITED PARTNERSHIP | ||||||||||||||||
| STATEMENTS OF CASH FLOWS | ||||||||||||||||
| NINE MONTHS ENDED | ||||||||||||||||
| September 30, 2002 | September 30,2001 | |||||||||||||||
| (unaudited) | (unaudited) | |||||||||||||||
| Cash Flows From Operating Activities: | ||||||||||||||||
| Net Income | $827,287 | $878,685 | ||||||||||||||
| Adjustments To Reconcile Net Income | ||||||||||||||||
| To Net Cash Provided By | ||||||||||||||||
| Operating Activities: | ||||||||||||||||
| Depreciation | 619,612 | 615,541 | ||||||||||||||
| Amortization | 64,500 | 64,500 | ||||||||||||||
| (Increase) Decrease In Homes & Improvements | 78,699 | (319,320) | ||||||||||||||
| (Increase) Decrease In Other Assets | (287,092) | (565,051) | ||||||||||||||
| Increase (Decrease) In Accounts Payable | 53,035 | 139,970 | ||||||||||||||
| Increase (Decrease) In Other Liabilities | 269,553 | 362,198 | ||||||||||||||
| Total Adjustments: | 798,307 | 297,838 | ||||||||||||||
| Net Cash Provided By | ||||||||||||||||
| Operating Activities | 1,625,594 | 1,176,523 | ||||||||||||||
| Cash Flows From Investing Activities: | ||||||||||||||||
| Capital Expenditures | (781,162) | (89,003) | ||||||||||||||
| Net Cash Provided By (Used In) | ||||||||||||||||
| Investing Activities Activities | (781,162) | (89,003) | ||||||||||||||
| Cash Flows From Financing Activities: | ||||||||||||||||
| Net Payment on Line of Credit | (75,000) | (29,245) | ||||||||||||||
| Distributions To Partners | (778,750) | (770,313) | ||||||||||||||
| Principal Payments on Mortgage | (245,918) | (226,113) | ||||||||||||||
| Net Cash Provided By (Used In) Financing Activites | (1,099,668) | (1,025,671) | ||||||||||||||
| Increase (Decrease) In Cash and Equivalents | (255,236) | 61,849 | ||||||||||||||
| Cash and Equivalents, Beginning | 902,752 | 476,829 | ||||||||||||||
| Cash and Equivalents, Ending | $647,516 | $538,678 | ||||||||||||||
| See Notes to Financial Statements | ||||||||||||||||
| 5 | ||||||||||||||||