| UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II, | ||||||||||||||||
| 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 | $1,157,887 | $1,153,695 | ||||||||||||||
| Adjustments To Reconcile Net Income | ||||||||||||||||
| To Net Cash Provided By | ||||||||||||||||
| Operating Activities: | ||||||||||||||||
| Depreciation | 869,870 | 870,981 | ||||||||||||||
| Amortization | 10,458 | 10,506 | ||||||||||||||
| Gain on Sale of Property and Equipment | (107,688) | 0 | ||||||||||||||
| (Increase ) Decrease in Manufactured Homes & Improvements | (320,196) | (6,449) | ||||||||||||||
| (Increase) Decrease In Other Assets | (8,286) | 105,903 | ||||||||||||||
| Increase (Decrease) In Accounts Payables | (170,032) | (52,819) | ||||||||||||||
| Increase (Decrease) In Other Liabilities | 209,449 | 190,734 | ||||||||||||||
| Total Adjustments | 483,575 | 1,118,856 | ||||||||||||||
| Net Cash Provided By | ||||||||||||||||
| Operating Activities | 1,641,462 | 2,272,551 | ||||||||||||||
| Cash Flows From Investing Activities: | ||||||||||||||||
| Capital Expenditures | (349,228) | (130,104) | ||||||||||||||
| Proceeds from Sale of Property and Equipment | 122,468 | 0 | ||||||||||||||
| Net Cash Provided By (Used In) | ||||||||||||||||
| Investing Activities | (226,760) | (130,104) | ||||||||||||||
| Cash Flows From Financing Activities: | ||||||||||||||||
| Distributions To Partners | (1,453,490) | (1,321,355) | ||||||||||||||
| Payment On Mortgage | (330,945) | (195,218) | ||||||||||||||
| Net Cash Provided By (Used In) | ||||||||||||||||
| Financing Activities | (1,784,435) | (1,516,573) | ||||||||||||||
| Increase (Decrease) In Cash and Equivalents | (369,733) | 625,874 | ||||||||||||||
| Cash and Equivalents, Beginning | 3,741,016 | 3,155,170 | ||||||||||||||
| Cash and Equivalents, Ending | $3,371,283 | $3,781,044 | ||||||||||||||
| See Notes to Financial Statements | ||||||||||||||||
| 5 | ||||||||||||||||