AMENDMENT 1 TO 10Q SUBMISSION
FOR
FLORIDA INCOME FUND, L.P.
INDEX
DOCUMENT 1 - 10Q-A
Amended Balance Sheet
Signature Page
DOCUMENT 2 - Cover Letter
DOCUMENT 3 - Exhibit 27 Financial Data Schedule
PAGE 1<PAGE>
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PART I - FINANCIAL INFORMATION
FLORIDA INCOME FUND, L.P.
BALANCE SHEETS
(Unaudited)
March 31 Dec. 31
1995 1994
_______________________
<S> <C> <C>
ASSETS
Current Assets
Cash 333,883 522,415
A/R Trade 33,771 39,114
Prepaid Expenses and Other 52,784 50,240
_______ _______
Total Current Assets 420,438 611,769
Rental Properties, Net of Accumulated
Depreciation of $2,991,456 at
03/31/95 and $2,915,367 at 12/31/94 7,900,683 7,631,508
Intangible Assets
Deferred Loan Costs 81,923 92,394
_________ _________
Total Assets 8,403,044 8,335,671
LIABILITIES AND PARTNER'S CAPITAL
Current Liabilities
Current maturities of notes
and mortgages payable 2,576,960 2,601,993
Current maturities of notes
payable to affiliates 1,350,000 1,350,000
Accounts Payable - Trade 112,017 145,417
Accrued Expenses 91,745 170,877
Customer and Security Deposits 114,747 97,067
_________ _________
Total Current Liabilities 4,245,469 4,365,354
NOTES AND MORTGAGES PAYABLE 2,364,833 2,203,949
PARTNERS'S CAPITAL
General Partners Capital (85,806) (83,172)
Limited Partners Capital 1,799,490 1,849,540
Net Income 79,058 -0-
__________ __________
Total Partners Equity 1,792,742 1,766,368
Total Liabilities and
Partners Capital 8,403,044 8,335,671
See Accompanying Notes to the Financial Statements
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
FLORIDA INCOME FUND, L.P.
MARINER CAPITAL MANAGEMENT, INC.
MANAGING GENERAL PARTNER
(Registrant)
5/3/95 Lawrence A. Raimondi
President and Director, and CEO
Mariner Capital Management, Inc.
(Principal Executive Officer)
(SIGNATURE)
5/3/95 Michael J. Scullion
Secretary/Treasurer
Mariner Capital Management, Inc.
(Principal Financial and
Accounting Officer)
(SIGNATURE)
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<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-31-1995
<CASH> 330,883
<SECURITIES> 0
<RECEIVABLES> 33,771
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 420,438
<PP&E> 10,892,139
<DEPRECIATION> 2,991,456
<TOTAL-ASSETS> 8,403,044
<CURRENT-LIABILITIES> 4,2451469
<BONDS> 0
<COMMON> 0
0
0
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 8,403,044
<SALES> 0
<TOTAL-REVENUES> 654,428
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 403,669
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 171,701
<INCOME-PRETAX> 79,058
<INCOME-TAX> 0
<INCOME-CONTINUING> 79,058
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 79,058
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>