| UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II, | ||||||||||||||||
| 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 | $1,154,081 | $1,157,887 | ||||||||||||||
| Adjustments To Reconcile Net Income | ||||||||||||||||
| To Net Cash Provided By | ||||||||||||||||
| Operating Activities: | ||||||||||||||||
| Depreciation | 873,953 | 869,870 | ||||||||||||||
| Amortization | 10,458 | 10,458 | ||||||||||||||
| Gain on Sale of Equipment | (8,846) | (107,688) | ||||||||||||||
| (Increase) Decrease in Manufactured Homes and Improvements | (187,248) | (320,196) | ||||||||||||||
| (Increase) Decrease In Other Assets | 4,097 | (8,286) | ||||||||||||||
| Increase (Decrease) In Accounts Payables | 7,524 | (170,032) | ||||||||||||||
| Increase (Decrease) In Other Liabilities | 206,441 | 209,449 | ||||||||||||||
| Total Adjustments | 906,379 | 483,575 | ||||||||||||||
| Net Cash Provided By | ||||||||||||||||
| Operating Activities | 2,060,460 | 1,641,462 | ||||||||||||||
| Cash Flows From Investing Activities: | ||||||||||||||||
| Capital Expenditures | (196,927) | (349,228) | ||||||||||||||
| Proceeds from sale of Equipment | 8,846 | 122,468 | ||||||||||||||
| Net Cash Used In | ||||||||||||||||
| Investing Actvities | (188,081) | ($226,760) | ||||||||||||||
| Cash Flows From Financing Activities: | ||||||||||||||||
| Distributions To Partners | (1,519,558) | (1,453,490) | ||||||||||||||
| Payment On Mortgage | (225,776) | (330,945) | ||||||||||||||
| Net Cash Used In | ||||||||||||||||
| Financing Activities | (1,745,334) | (1,784,435) | ||||||||||||||
| Increase (Decrease) In Cash and Equivalents | 127,045 | (369,733) | ||||||||||||||
| Cash and Equivalents, Beginning | 3,118,034 | 3,741,016 | ||||||||||||||
| Cash and Equivalents, Ending | $3,245,079 | $3,371,283 | ||||||||||||||
| See Notes to Financial Statements | ||||||||||||||||
| 5 | ||||||||||||||||