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
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