AMERICAN TAX CREDIT PROPERTIES II L P

CIK:0000842314|SEC Filings

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
STATEMENTS OF OPERATIONS - USD ($)	Sep. 29, 2016	Sep. 29, 2015	Sep. 29, 2016	Sep. 29, 2015
REVENUE
Interest	$ 8,057	$ 6,070	$ 16,887	$ 21,033
TOTAL REVENUE	8,057	6,070	16,887	21,033
EXPENSES
Administration fees	6,320	11,428	12,639	22,856
Management fees	6,320	11,428	12,639	22,856
Professional fees	11,285	13,724	22,422	26,269
State of New Jersey filing fee	29,193	13,054	58,386	26,107
Printing, postage and other	8,756	7,659	15,606	14,618
TOTAL EXPENSES	61,874	57,293	121,692	112,706
NET LOSS	(53,817)	(51,223)	(104,805)	(91,673)
NET LOSS ATTRIBUTABLE TO
General partner net loss	(538)	(512)	(1,048)	(917)
Limited partners net loss	$ (53,279)	$ (50,711)	$ (103,757)	$ (90,756)
NET LOSS per unit of limited partnership interest (55,746 units of limited partnership interest)	$ (0.95)	$ (0.91)	$ (1.86)	$ (1.63)

STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
STATEMENTS OF CASH FLOWS - USD ($)	Sep. 29, 2016	Sep. 29, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Interest received	$ 16,887	$ 13,320
Cash paid for administration fees	(6,946)	(6,961)
Cash paid for professional fees	(37,925)	(28,834)
Cash paid for State of New Jersey filing fee	(149,051)	(54,904)
Cash paid for printing, postage and other expenses	(15,606)	(17,015)
Net cash used in operating activities	(192,641)	(94,394)
CASH FLOWS FROM INVESTING ACTIVITIES
Investments in Pemberwick Fund	(16,390)	(12,800)
Proceeds in connection with sale of limited partner interests/local partnership properties		869,404
Redemptions from Pemberwick Fund		4,250,000
Net cash provided by (used in) investing activities	(16,390)	5,106,604
CASH FLOWS FROM FINANCING ACTIVITIES
Distributions to partners		(4,223,182)
Net cash used in financing activities		(4,223,182)
Net increase (decrease) in cash and cash equivalents	(209,031)	789,028
Cash and cash equivalents at beginning of period	560,502	265,061
CASH AND CASH EQUIVALENTS AT END OF PERIOD	351,471	1,054,089
SIGNIFICANT NONCASH INVESTING AND FINANCING ACTIVITIES
Unrealized gain (loss) on investment in Pemberwick Fund	$ 6,904	(5,255)
Reclassification of unrealized gain on investment in Pemberwick Fund		$ (3,492)

BALANCE SHEETS - USD ($)	Sep. 29, 2016	Mar. 30, 2016
Cash and liquid investments
Cash and cash equivalents	$ 351,471	$ 560,502
Investment in Pemberwick Fund - a short duration bond fund	3,487,225	3,463,931
Total assets	3,838,696	4,024,433
Liabilities
Accounts payable and accrued expenses	18,375	124,543
Payable to general partner and affiliates	38,155	19,823
Total liabilities	56,530	144,366
Commitments and contingencies
Partners' equity (deficit)
General partner	(455,014)	(453,966)
Limited partners (55,746 units of limited partnership interest outstanding)	4,230,942	4,334,699
Accumulated other comprehensive income (loss)	6,238	(666)
Total equity	3,782,166	3,880,067
Total liabilities & equity	$ 3,838,696	$ 4,024,433