UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
CURRENT REPORT
FORM 8-K
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
December 17, 1998
Date of Report (Date of earliest event reported)
DECADE COMPANIES INCOME PROPERTIES, A LIMITED PARTNERSHIP
(Exact name of registrant as specified in its charter)
Wisconsin
0-21455 39-1518732
(State or other jurisdiction (Commission File (IRS
Employer
of incorporation) Number) Identification
No.)
250 Patrick Blvd, Suite 140
Brookfield, WI
53045-5864
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (414) 792-9200
ITEM 4: Changes in Registrant's Certifying Accountants
In December 1998, the General Partner of the Partnership approved the
engagement of Virchow, Krause & Company, LLP as its independent auditors for
the fiscal year ending December 31, 1998 to replace the firm of Ernst & Young
LLP, who were dismissed as auditors of the Partnership effective December 17,
1998.
The reports of Ernst & Young LLP on the Partnership's financial
statements for the past two fiscal years did not contain an adverse opinion or
a disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope, or accounting principles. In connection with the audits of the
Partnership's financial statements for each of the two fiscal years ended
December 31, 1997 and 1996, and for the subsequent interim period, there were
no disagreements with Ernst & Young LLP on any matters of accounting
principles or practices, financial statement disclosure, or auditing scope and
procedures which, if not resolved to the satisfaction of Ernst & Young LLP
would have caused Ernst & Young LLP to make reference to the matter in their
report.
The Partnership has provided Ernst & Young LLP with a copy of the disclosures
contained herein and has requested Ernst & Young LLP to furnish it a letter
addressed to the Securities and Exchange Commission stating whether it agrees
with the above statements. A copy of that letter, dated December 18, 1998, is
filed as Exhibit 16 to this Form 8-K.
ITEM 7: Financial Statements and Exhibits
(c) Exhibits. See "Exhibit Index" on the last page of this
report, which is incorporated herein by reference.
SIGNATURE
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.
Decade Companies Income Properties,
A Limited Partnership
(Registrant)
By: Decade
Companies (General
Partner of the Registrant)
Date: December 18, 1998 By:/s/ Jeffrey
Keierleber Jeffrey
Keierleber, Principal Executive
Officer and
Principal Financial and
Accounting Officer of the
Registrant
Decade Companies Income Properties
Exhibit Index
to
Form 8-K Current Report
(Date of Event Reported: December 17, 1998)
Exhibit Filed
Number Description Herewith
16 Letter of Ernst & Young, LLP to the Securities and
Exchange Commission dated December 18, 1998 X
EXHIBIT 16 to Form 8-K
December 18, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 dated December 18, 1998, of Decade Companies Income
Properties, A Limited Partnership and are in agreement with the statements
contained in the first, second and third paragraphs on page 2 therein. We
have no basis to agree or disagree with other statements of the registrant
contained therein.
/s/ Ernst & Young LLP