| UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II, | ||||||||||||||||
| A MICHIGAN LIMITED PARTNERSHIP | ||||||||||||||||
| STATEMENTS OF CASH FLOWS | ||||||||||||||||
| NINE MONTHS ENDED | ||||||||||||||||
| September 30,2003 | September 30,2002 | |||||||||||||||
| (unaudited) | (unaudited) | |||||||||||||||
| Cash Flows From Operating Activities: | ||||||||||||||||
| Net Income | $1,610,761 | $1,589,521 | ||||||||||||||
| Adjustments To Reconcile Net Income | ||||||||||||||||
| To Net Cash Provided By | ||||||||||||||||
| Operating Activities: | ||||||||||||||||
| Depreciation | 1,314,688 | 1,307,775 | ||||||||||||||
| Amortization | 15,687 | 15,687 | ||||||||||||||
| Gain on Sale of Property and Equipment | (8,846) | (107,668) | ||||||||||||||
| (Increase ) Decrease in Manufactured Homes & Improvements | (314,670) | (106,780) | ||||||||||||||
| (Increase) Decrease In Other Assets | (182,609) | (298,752) | ||||||||||||||
| Increase (Decrease) In Accounts Payables | 187,730 | (133,710) | ||||||||||||||
| Increase (Decrease) In Other Liabilities | 272,968 | 229,390 | ||||||||||||||
| Total Adjustments | 1,284,948 | 905,942 | ||||||||||||||
| Net Cash Provided By | ||||||||||||||||
| Operating Activities | 2,895,709 | 2,495,463 | ||||||||||||||
| Cash Flows From Investing Activities: | ||||||||||||||||
| Capital Expenditures | (381,057) | (424,616) | ||||||||||||||
| Proceeds from Sale of Property and Equipment | 8,846 | 122,468 | ||||||||||||||
| Net Cash Provided By (Used In) | ||||||||||||||||
| Investing Activities | (372,211) | (302,148) | ||||||||||||||
| Cash Flows From Financing Activities: | ||||||||||||||||
| Distributions To Partners | (2,279,337) | (2,213,269) | ||||||||||||||
| Payment On Mortgage | (336,461) | (434,438) | ||||||||||||||
| Net Cash Provided By (Used In) | ||||||||||||||||
| Financing Activities | (2,615,798) | (2,647,707) | ||||||||||||||
| Increase (Decrease) In Cash and Equivalents | (92,300) | (454,392) | ||||||||||||||
| Cash and Equivalents, Beginning | 3,118,034 | 3,741,016 | ||||||||||||||
| Cash and Equivalents, Ending | $3,025,734 | $3,286,624 | ||||||||||||||
| See Notes to Financial Statements | ||||||||||||||||
| 5 | ||||||||||||||||