UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND
A  MICHIGAN LIMITED PARTNERSHIP
STATEMENTS OF CASH FLOWS
	SIX MONTHS ENDED
	June 30, 2003	June 30,2002
	(unaudited)	(unaudited)
Cash Flows From Operating Activities:
Net Income	$572,284	$586,465
Adjustments To Reconcile Net Income
To Net Cash Provided By
Operating Activities:
Depreciation	415,894	413,562
Amortization	43,000	43,000
(Increase) Decrease In Homes & Improvements	(60,059)	(46,380)
(Increase) Decrease In Other Assets	(653,987)	(148,011)
Increase (Decrease) In Accounts Payable	(13,671)	(42,804)
Increase (Decrease) In Other Liabilities	317,489	299,858
Total Adjustments:	48,666	519,225
Net Cash Provided By
Operating Activities	620,950	1,105,690
Cash Flows Used In  Investing Activities:
Capital Expenditures	(10,786)	(708,424)
Cash Flows From Financing Activities:
Net Payment  on Line of Credit	(50,000)	(75,000)
Distributions To Partners	(522,625)	(519,500)
Principal Payments on Mortgage	(188,735)	(167,080)
Net Cash Used In Financing Activites	(761,360)	(761,580)
Increase (Decrease) In Cash and Equivalents	(151,196)	(364,314)
Cash and Equivalents, Beginning	607,207	902,752
Cash and Equivalents, Ending	$456,011	$538,438
See Notes to Financial Statements
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