AMERICAN TAX CREDIT PROPERTIES LP

CIK:0000830159|SEC Filings

STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
STATEMENTS OF OPERATIONS (USD $)	Dec. 30, 2013	Dec. 30, 2012	Dec. 30, 2013	Dec. 30, 2012
REVENUE
Interest	$ 10,996	$ 5,884	$ 20,296	$ 12,821
TOTAL REVENUE	10,996	5,884	20,296	12,821
EXPENSES
Administration fees	9,629	17,393	43,246	54,722
Management fee	9,197	16,611	41,303	52,262
Professional fees	7,536	15,380	36,967	47,184
State of New Jersey filing fee		17,840		53,520
Printing, postage and other	15,628	5,440	21,409	12,935
TOTAL EXPENSES	41,990	72,664	142,925	220,623
LOSS PRIOR TO EQUITY IN LOSS OF INVESTMENT IN LOCAL PARTNERSHIPS AND GAIN ON SALE OF LIMITED PARTNER INTERESTS/LOCAL PARTNERSHIP PROPERTIES	(30,994)	(66,780)	(122,629)	(207,802)
Equity in loss of investment in local partnerships				(10,295)
LOSS PRIOR TO GAIN ON SALE OF LIMITED PARTNER INTERESTS/ LOCAL PARTNERSHIP PROPERTIES	(30,994)	(66,780)	(122,629)	(218,097)
GAIN ON SALE OF LIMITED PARTNER INTERESTS/LOCAL PARTNERSHIP PROPERTIES		30,539		1,705,243
NET INCOME (LOSS)	(30,994)	(36,241)	(122,629)	1,487,146
NET INCOME (LOSS) ATTRIBUTABLE TO
General partner income (loss)	(310)	(363)	(1,226)	14,871
Limited partners income (loss)	$ (30,684)	$ (35,878)	$ (121,403)	$ 1,472,275
NET INCOME (LOSS) per unit of limited partnership interest (41,286 units of limited partnership interest)	$ (0.74)	$ (0.87)	$ (2.94)	$ 35.66

STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
STATEMENTS OF CASH FLOWS (USD $)	Dec. 30, 2013	Dec. 30, 2012
STATEMENTS OF CASH FLOWS
Interest received	$ 20,296	$ 12,821
Cash paid for administration fees	(56,465)	(84,335)
Cash paid for management fees	(51,000)	(100,311)
Cash paid for professional fees	(70,142)	(58,294)
Cash paid for State of New Jersey filing fee	(1,438)	(83,950)
Cash paid for printing, postage and other expenses	(27,051)	(14,973)
Net cash used in operating activities	(185,800)	(329,042)
Investments in Pemberwick Fund	(1,913,957)	(10,661)
Redemptions from Pemberwick Fund	984,284	258,431
Distributions received from local partnerships		87,500
Proceeds in connection with sale of limited partner interests/local partnership properties		2,263,340
Net cash provided by (used in) investing activities	(929,673)	2,598,610
Distributions to partners	(1,044,366)
Net cash used in financing activities	(1,044,366)
Net increase (decrease) in cash and cash equivalents	(2,159,839)	2,269,568
Cash and cash equivalents at beginning of period	2,286,126	29,291
CASH AND CASH EQUIVALENTS AT END OF PERIOD	126,287	2,298,859
Unrealized gain (loss) on investment in Pemberwick Fund	$ (8,475)	$ 8,160

BALANCE SHEETS (USD $)	Dec. 30, 2013	Mar. 30, 2013
ASSETS
Cash and cash equivalents	$ 126,287	$ 2,286,126
Investment in Pemberwick Fund - a short duration bond fund	1,849,485	928,287
Total assets	1,975,772	3,214,413
Liabilities
Accounts payable and accrued expenses	14,375	54,630
Payable to general partner and affiliates	4,172	27,088
Total liabilities	18,547	81,718
Commitments and contingencies
Partners' equity (deficit)
General partner	(346,133)	(334,477)
Limited partners (41,286 units of limited partnership interest outstanding)	2,301,525	3,456,864
Accumulated other comprehensive income	1,833	10,308
Total equity (deficit)	1,957,225	3,132,695
Total liabilities & equity (deficit)	$ 1,975,772	$ 3,214,413