UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A  MICHIGAN LIMITED PARTNERSHIP
STATEMENTS OF CASH FLOWS
	SIX MONTHS ENDED
	June 30, 2004	June 30,2003
	(Unaudited)	(Unaudited)
Cash Flows From Operating Activities:
Net Income	$861,549	$1,154,081
Adjustments To Reconcile Net Income
To Net Cash Provided By
Operating Activities:
Depreciation	899,022	873,953
Amortization	10,458	10,458
Gain on Sale of Equipment	0	(8,846)
(Increase) Decrease in Manufactured Homes and Improvements	(259,076)	(187,248)
(Increase) Decrease In Other Assets	87,554	4,097
Increase  (Decrease) In Accounts Payables	(102,943)	7,524
Increase (Decrease) In Other Liabilities	234,107	206,441
Total Adjustments	869,122	906,379
Net Cash Provided By
Operating Activities	1,730,671	2,060,460
Cash Flows From Investing Activities:
Capital Expenditures	(200,756)	(196,927)
Proceeds from sale of  Equipment	0	8,846
Net Cash Used In
Investing Actvities	(200,756)	($188,081)
Cash Flows From Financing Activities:
Distributions To Partners	(1,519,557)	(1,519,558)
Payment On Mortgage	(235,600)	(225,776)
Net Cash Used In
Financing Activities	(1,755,157)	(1,745,334)
Increase (Decrease) In Cash and Equivalents	(225,242)	127,045
Cash and Equivalents, Beginning	2,652,394	3,118,034
Cash and Equivalents, Ending	$2,427,152	$3,245,079
See Notes to Financial Statements
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