| UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND | ||||||||||||||||
| A MICHIGAN LIMITED PARTNERSHIP | ||||||||||||||||
| STATEMENTS OF CASH FLOWS | ||||||||||||||||
| (Unaudited) | ||||||||||||||||
| THREE MONTHS ENDED | ||||||||||||||||
| March 31,2003 | March 31, 2002 | |||||||||||||||
| Cash Flows From Operating Activities: | ||||||||||||||||
| Net Income | $303,817 | $268,983 | ||||||||||||||
| Adjustments To Reconcile Net Income | ||||||||||||||||
| To Net Cash Provided By | ||||||||||||||||
| Operating Activities: | ||||||||||||||||
| Depreciation | 207,912 | 198,693 | ||||||||||||||
| Amortization | 21,500 | 21,500 | ||||||||||||||
| (Increase) Decrease in Homes and Improvements | 37,504 | (305,102) | ||||||||||||||
| (Increase) Decrease In Other Assets | (286,561) | (136,943) | ||||||||||||||
| Increase (Decrease) In Accounts Payable | 13,802 | 478,556 | ||||||||||||||
| Increase (Decrease) In Other Liabilities | 204,557 | 203,537 | ||||||||||||||
| Total Adjustments: | 198,714 | 460,241 | ||||||||||||||
| Net Cash Provided By | ||||||||||||||||
| Operating Activities | 502,531 | 729,224 | ||||||||||||||
| Cash Flows Used In Investing Activities: | ||||||||||||||||
| Capital Expenditures | 0 | (377,919) | ||||||||||||||
| Cash Flows From Financing Activities: | ||||||||||||||||
| Distributions To Partners | (259,250) | (260,250) | ||||||||||||||
| Principal Payments on Mortgage | (97,029) | (89,934) | ||||||||||||||
| Net Cash Used In | (356,279) | (350,184) | ||||||||||||||
| Financing Activities | ||||||||||||||||
| Increase (Decrease) In Cash and Equivalents | 146,252 | 1,121 | ||||||||||||||
| Cash and Equivalents, Beginning | 607,207 | 902,752 | ||||||||||||||
| Cash and Equivalents, Ending | $753,459 | $903,873 | ||||||||||||||
| See Notes to Financial Statements | ||||||||||||||||
| 5 | ||||||||||||||||