| UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II, | ||||||||||||||||
| A MICHIGAN LIMITED PARTNERSHIP | ||||||||||||||||
| STATEMENTS OF CASH FLOWS | ||||||||||||||||
| THREE MONTHS ENDED | ||||||||||||||||
| March 31,2005 | March 31,2004 | |||||||||||||||
| (Unaudited) | (Unaudited) | |||||||||||||||
| Cash Flows From Operating Activities: | ||||||||||||||||
| Net Income | $179,940 | $377,145 | ||||||||||||||
| Adjustments To Reconcile Net Income | ||||||||||||||||
| To Net Cash Provided By | ||||||||||||||||
| Operating Activities: | ||||||||||||||||
| Depreciation | 467,657 | 448,897 | ||||||||||||||
| Amortization | 5,229 | 5,229 | ||||||||||||||
| Increase in Manufactured Homes and Improvements | (325,705) | (189,868) | ||||||||||||||
| Decrease In Other Assets | 217,492 | 135,607 | ||||||||||||||
| Decrease In Accounts Payables | (139,999) | (36,860) | ||||||||||||||
| Increase In Other Liabilities | 20,689 | 32,543 | ||||||||||||||
| Total Adjustments | 245,363 | 395,548 | ||||||||||||||
| Net Cash Provided By | ||||||||||||||||
| Operating Activities | 425,303 | 772,693 | ||||||||||||||
| Cash Flows From Investing Activities: | ||||||||||||||||
| Capital Expenditures | (104,939) | (124,212) | ||||||||||||||
| Net Cash Used In | ||||||||||||||||
| Investing Actvities | (104,939) | ($124,212) | ||||||||||||||
| Cash Flows From Financing Activities: | ||||||||||||||||
| Distributions To Partners | (759,779) | (759,778) | ||||||||||||||
| Payment On Mortgage | (131,839) | (119,262) | ||||||||||||||
| Net Cash Used In | ||||||||||||||||
| Financing Activities | (891,618) | (879,040) | ||||||||||||||
| Decrease In Cash and Equivalents | (571,254) | (230,559) | ||||||||||||||
| Cash and Equivalents, Beginning | 2,017,513 | 2,652,394 | ||||||||||||||
| Cash and Equivalents, Ending | $1,446,259 | $2,421,835 | ||||||||||||||
| See Notes to Financial Statements | ||||||||||||||||
| 5 | ||||||||||||||||