| UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II, | ||||||||||||||||
| A MICHIGAN LIMITED PARTNERSHIP | ||||||||||||||||
| STATEMENTS OF CASH FLOWS | ||||||||||||||||
| THREE MONTHS ENDED | ||||||||||||||||
| March 31,2002 | March 31,2001 | |||||||||||||||
| (unaudited) | (unaudited) | |||||||||||||||
| Cash Flows From Operating Activities: | ||||||||||||||||
| Net Income | $502,902 | $656,668 | ||||||||||||||
| Adjustments To Reconcile Net Income | ||||||||||||||||
| To Net Cash Provided By | ||||||||||||||||
| Operating Activities: | ||||||||||||||||
| Depreciation | 424,628 | 444,984 | ||||||||||||||
| Amortization | 5,229 | 5,253 | ||||||||||||||
| (Increase) Decrease in Manufactured Homes and Improvements | (132,088) | (16,573) | ||||||||||||||
| (Increase) Decrease In Other Assets | 155,483 | 293,116 | ||||||||||||||
| Increase (Decrease) In Accounts Payables | (86,614) | (65,827) | ||||||||||||||
| Increase (Decrease) Other Liabilities | 17,064 | 1,595 | ||||||||||||||
| Total Adjustments | 383,702 | 662,548 | ||||||||||||||
| Net Cash Provided By | ||||||||||||||||
| Operating Activities | 886,604 | 1,319,216 | ||||||||||||||
| Cash Flows Used In Investing Activities: | ||||||||||||||||
| Capital Expenditures | (160,785) | (85,364) | ||||||||||||||
| Cash Flows From Financing Activities: | ||||||||||||||||
| Distributions To Partners | (693,711) | (627,643) | ||||||||||||||
| Payment On Mortgage | (108,185) | (101,916) | ||||||||||||||
| Net Cash Provided By (Used In) | ||||||||||||||||
| Financing Activities | (801,896) | (729,559) | ||||||||||||||
| Increase (Decrease) In Cash and Equivalents | (76,077) | 504,293 | ||||||||||||||
| Cash and Equivalents, Beginning | 3,741,016 | 3,155,170 | ||||||||||||||
| Cash and Equivalents, Ending | $3,664,939 | $3,659,463 | ||||||||||||||
| See Notes to Financial Statements | ||||||||||||||||
| 5 | ||||||||||||||||