| UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II, | ||||||||||||||||
| 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 | $1,589,521 | $1,662,663 | ||||||||||||||
| Adjustments To Reconcile Net Income | ||||||||||||||||
| To Net Cash Provided By | ||||||||||||||||
| Operating Activities: | ||||||||||||||||
| Depreciation | 1,307,775 | 1,308,608 | ||||||||||||||
| Amortization | 15,687 | 15,759 | ||||||||||||||
| Gain on Sale of Property and Equipment | (107,668) | 0 | ||||||||||||||
| (Increase ) Decrease in Manufactured Homes & Improvements | (106,780) | 98,783 | ||||||||||||||
| (Increase) Decrease In Other Assets | (298,752) | 53,933 | ||||||||||||||
| Increase (Decrease) In Accounts Payables | (133,710) | 4,055 | ||||||||||||||
| Increase (Decrease) In Other Liabilities | 229,390 | 311,454 | ||||||||||||||
| Total Adjustments | 905,942 | 1,792,592 | ||||||||||||||
| Net Cash Provided By | ||||||||||||||||
| Operating Activities | 2,495,463 | 3,455,255 | ||||||||||||||
| Cash Flows From Investing Activities: | ||||||||||||||||
| Capital Expenditures | (424,616) | (266,089) | ||||||||||||||
| Proceeds from Sale of Property and Equipment | 122,468 | 0 | ||||||||||||||
| Net Cash Provided By (Used In) | ||||||||||||||||
| Investing Activities | (302,148) | (266,089) | ||||||||||||||
| Cash Flows From Financing Activities: | ||||||||||||||||
| Distributions To Partners | (2,213,269) | (2,015,066) | ||||||||||||||
| Payment On Mortgage | (434,438) | (290,080) | ||||||||||||||
| Net Cash Provided By (Used In) | ||||||||||||||||
| Financing Activities | (2,647,707) | (2,305,146) | ||||||||||||||
| Increase (Decrease) In Cash and Equivalents | (454,392) | 884,020 | ||||||||||||||
| Cash and Equivalents, Beginning | 3,741,016 | 3,155,170 | ||||||||||||||
| Cash and Equivalents, Ending | $3,286,624 | $4,039,190 | ||||||||||||||
| See Notes to Financial Statements | ||||||||||||||||
| 5 | ||||||||||||||||