0000863471-11-000015.txt : 20110428 0000863471-11-000015.hdr.sgml : 20110428 20110428161129 ACCESSION NUMBER: 0000863471-11-000015 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110228 FILED AS OF DATE: 20110428 DATE AS OF CHANGE: 20110428 EFFECTIVENESS DATE: 20110428 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND INC CENTRAL INDEX KEY: 0000863471 IRS NUMBER: 000000000 STATE OF INCORPORATION: NY FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-06014 FILM NUMBER: 11788577 BUSINESS ADDRESS: STREET 1: 144 GLENN CURTISS BLVD CITY: UNIONDALE STATE: NY ZIP: 11556 BUSINESS PHONE: 2129226789 MAIL ADDRESS: STREET 1: C/O DREYFUS CORP STREET 2: 200 PARK AVENUE, 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10166 0000863471 S000000064 DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND INC C000000100 DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND INC DRCXX N-Q 1 formnq-101.htm FORM N-Q formnq-101.htm - Generated by SEC Publisher for SEC Filing

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY

Investment Company Act file number

811-6014

 

 

 

DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND, INC.

 

 

(Exact name of Registrant as specified in charter)

 

 

 

 

 

 

c/o The Dreyfus Corporation

200 Park Avenue

New York, New York  10166

 

 

(Address of principal executive offices)        (Zip code)

 

 

 

 

 

Michael A. Rosenberg, Esq.

200 Park Avenue

New York, New York  10166

 

 

(Name and address of agent for service)

 

 

Registrant's telephone number, including area code: 

(212) 922-6000

 

 

Date of fiscal year end:

 

11/30    

 

Date of reporting period:

2/28/11

 

             

 

 


 

 

FORM N-Q

Item 1.                        Schedule of Investments.

 


 

STATEMENT OF INVESTMENTS           
Dreyfus Connecticut Municipal Money Market Fund, Inc.         
 
February 28, 2011 (Unaudited)           
 
  Coupon  Maturity  Principal    
Short-Term Investments--99.0%  Rate (%)  Date  Amount ($)   Value ($) 
Connecticut--93.3%           
Connecticut,           
GO Notes  4.15  4/15/11  150,000   150,653 
Connecticut,           
GO Notes, BAN  4.00  6/1/11  2,565,000   2,588,600 
Connecticut,           
Special Tax Obligation           
(Transportation Infrastructure           
Purposes)  4.00  8/1/11  200,000   202,703 
Connecticut,           
Special Tax Obligation,           
Refunding (Transportation           
Infrastructure Purposes)  5.50  10/1/11  200,000   205,561 
Connecticut Development Authority,           
Airport Hotel Revenue,           
Refunding (Bradley Airport           
Hotel Project) (LOC; TD Bank)  0.24  3/7/11  6,300,000 a  6,300,000 
Connecticut Development Authority,           
IDR (AcuCut, Inc. Project)           
(LOC; Wells Fargo Bank)  0.44  3/7/11  890,000 a  890,000 
Connecticut Development Authority,           
IDR (Lapham-Hickey Steel           
Corporation Project) (LOC;           
Bank of Montreal)  0.44  3/7/11  4,995,000 a  4,995,000 
Connecticut Development Authority,           
Solid Waste Disposal Facility           
Revenue (Rand-Whitney           
Containerboard Limited           
Partnership Project) (LOC;           
Bank of Montreal)  0.26  3/7/11  1,500,000 a  1,500,000 
Connecticut Development Authority,           
Water Facility Revenue,           
Refunding (Connecticut Water           
Company Project) (LOC; RBS           
Citizens NA)  0.55  3/7/11  2,125,000 a  2,125,000 

 


 

Connecticut Health and Educational           
Facilities Authority, Revenue           
(Avon Old Farms School Issue)           
(LOC; Bank of America)  0.43  3/7/11  500,000 a  500,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Charlotte Hungerford Hospital           
Issue) (LOC; Bank of America)  0.49  3/7/11  320,000 a,b  320,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Community Renewal Team Issue)           
(LOC; Bank of America)  0.49  3/7/11  875,000 a  875,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Eastern Connecticut Health           
Network Issue) (LOC; TD Bank)  0.24  3/7/11  5,000,000 a,b  5,000,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Hamden Hall Country Day           
School Issue) (LOC; RBS           
Citizens NA)  0.36  3/7/11  3,900,000 a  3,900,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Hospital for Special Care           
Issue) (LOC; FHLB)  0.24  3/7/11  4,185,000 a,b  4,185,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Hospital of Saint Raphael           
Issue) (LOC; KBC Bank)  0.34  3/7/11  4,500,000 a,b  4,500,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Mansfield Center for Nursing           
and Rehabilitation Issue)           
(LOC; Bank of America)  0.49  3/7/11  4,065,000 a,b  4,065,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Masonicare Issue) (LOC; Wells           
Fargo Bank)  0.24  3/1/11  1,300,000 a,b  1,300,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Putters Program) (Salisbury           
School Issue) (Insured;           
Assured Guaranty Municipal           

 


 

Corp. and Liquidity Facility;           
JPMorgan Chase Bank)  0.36  3/7/11  1,500,000 a,c  1,500,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Taft School Issue) (LOC;           
Wells Fargo Bank)  0.35  3/7/11  1,800,000 a  1,800,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(The Children's School Issue)           
(LOC; JPMorgan Chase Bank)  0.29  3/7/11  4,460,000 a  4,460,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(The Hotchkiss School Issue)           
(Liquidity Facility; U.S. Bank           
NA)  0.20  3/7/11  3,900,000 a  3,900,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(United Methodist Home of           
Sharon, Inc. Issue) (LOC;           
Wells Fargo Bank)  0.32  3/7/11  4,805,000 a,b  4,805,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Westminster School Issue)           
(LOC; Bank of America)  0.32  3/7/11  6,105,000 a  6,105,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Yale University Issue)  0.15  3/1/11  500,000 a  500,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Yale University Issue)  0.20  3/7/11  1,150,000 a  1,150,000 
Connecticut Health and Educational           
Facilities Authority, Revenue           
(Yale-New Haven Hospital           
Issue) (LOC; JPMorgan Chase           
Bank)  0.23  3/7/11  3,125,000 a,b  3,125,000 
Connecticut Housing Finance           
Authority, Housing Revenue           
(CIL Realty Inc. Issue) (LOC;           
HSBC Bank USA)  0.25  3/7/11  1,550,000 a  1,550,000 
Connecticut Housing Finance           
Authority, Revenue           
(Corporation for Independent           
Living Realty Incorporated           

 


 

Issue) (LOC; HSBC Bank USA)  0.22  3/7/11  5,000,000 a  5,000,000 
Connecticut Housing Finance           
Authority, Revenue (Housing           
Mortgage Finance Program)  0.45  11/15/11  1,000,000   1,000,000 
Connecticut Housing Finance           
Authority, Revenue (Housing           
Mortgage Finance Program)           
(Liquidity Facility; FHLB)  0.30  3/7/11  6,410,000 a  6,410,000 
Hamden,           
GO Notes, BAN  2.00  8/24/11  1,725,000   1,735,919 
Hartford,           
GO Notes, BAN  2.50  4/14/11  1,000,000   1,002,422 
Milford,           
GO Notes  2.50  11/1/11  165,000   167,038 
Monroe,           
GO Notes  3.25  4/15/11  100,000   100,325 
Shelton,           
GO Notes, BAN  1.25  8/2/11  3,160,000   3,170,214 
Stafford,           
GO Notes, BAN  1.50  8/8/11  3,500,000   3,513,261 
 
U.S. Related--5.7%           
Puerto Rico Commonwealth,           
Public Improvement GO Notes,           
Refunding (Insured; Assured           
Guaranty Municipal Corp. and           
Liquidity Facility; Dexia           
Credit Locale)  0.25  3/7/11  5,800,000 a  5,800,000 
 
 
Total Investments (cost $100,396,696)      99.0 %  100,396,696 
Cash and Receivables (Net)      1.0 %  1,012,304 
Net Assets      100.0 %  101,409,000 

 

a     

Variable rate demand note - rate shown is the interest rate in effect at February 28, 2011. Maturity date represents the next demand date, or the ultimate maturity date if earlier.

b     

At February 28, 2011, the fund had $27,300,000 or 26.9% of net assets invested in securities whose payment of principal and interest is dependent upon revenues generated from health care.

c     

Security exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2011, this security amounted to $1,500,000 or 1.5% of net assets.


 

At February 28, 2011, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes.

Summary of Abbreviations     
ABAG  Association of Bay Area Governments  ACA  American Capital Access 
AGC  ACE Guaranty Corporation  AGIC  Asset Guaranty Insurance Company 
AMBAC  American Municipal Bond Assurance Corporation  ARRN  Adjustable Rate Receipt Notes 
BAN  Bond Anticipation Notes  BPA  Bond Purchase Agreement 
CIFG  CDC Ixis Financial Guaranty  COP  Certificate of Participation 
CP  Commercial Paper  EDR  Economic Development Revenue 
EIR  Environmental Improvement Revenue  FGIC  Financial Guaranty Insurance Company 
FHA  Federal Housing Administration  FHLB  Federal Home Loan Bank 
FHLMC  Federal Home Loan Mortgage Corporation  FNMA  Federal National Mortgage Association 
GAN  Grant Anticipation Notes  GIC  Guaranteed Investment Contract 
GNMA  Government National Mortgage Association  GO  General Obligation 
HR  Hospital Revenue  IDB  Industrial Development Board 
IDC  Industrial Development Corporation  IDR  Industrial Development Revenue 
LOC  Letter of Credit  LOR  Limited Obligation Revenue 
LR  Lease Revenue  MFHR  Multi-Family Housing Revenue 
MFMR  Multi-Family Mortgage Revenue  PCR  Pollution Control Revenue 
PILOT  Payment in Lieu of Taxes  PUTTERS  Puttable Tax-Exempt Receipts 
RAC  Revenue Anticipation Certificates  RAN  Revenue Anticipation Notes 
RAW  Revenue Anticipation Warrants  RRR  Resources Recovery Revenue 
SAAN  State Aid Anticipation Notes  SBPA  Standby Bond Purchase Agreement 
SFHR  Single Family Housing Revenue  SFMR  Single Family Mortgage Revenue 
SONYMA  State of New York Mortgage Agency  SWDR  Solid Waste Disposal Revenue 
TAN  Tax Anticipation Notes  TAW  Tax Anticipation Warrants 
TRAN  Tax and Revenue Anticipation Notes  XLCA  XL Capital Assurance 

 


 

Various inputs are used in determining the value of the fund's investments relating to fair value measurements.

These inputs are summarized in the three broad levels listed below.

Level 1 - unadjusted quoted prices in active markets for identical investments.
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds,
credit risk, etc.)
Level 3 - significant unobservable inputs (including fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used as of February 28, 2011 in valuing the fund's investments:

Valuation Inputs  Short-Term Investments ($)+ 
Level 1 - Unadjusted Quoted Prices  - 
Level 2 - Other Significant Observable Inputs  100,396,696 
Level 3 - Significant Unobservable Inputs  - 
Total  100,396,696 

 

+ See Statement of Investments for additional detailed categorizations. 

 


 

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

It is the fund’s policy to maintain a continuous net asset value per share of $1.00; the fund has adopted certain investment, portfolio valuation and dividend and distribution policies to enable it to do so. There is no assurance, however, that the fund will be able to maintain a stable net asset value per share of $1.00.

Portfolio valuation: Investments in securities are valued at amortized cost in accordance with Rule 2a-7 of the Act, which has been determined by the Board of Trustees to represent the fair value of the fund’s investments.

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.


 

 

 

Item 2.                        Controls and Procedures.

(a)        The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b)        There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting. 

Item 3.                        Exhibits.

(a)        Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.

 


 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND, INC.

By:       /s/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:

April 26, 2011

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

 

By:       /s/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:

April 26, 2011

 

By:       /s/ James Windels

            James Windels

            Treasurer

 

Date:

April 26, 2011

 

EXHIBIT INDEX

(a)        Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.  (EX-99.CERT)

 


 
EX-99.CERT 2 certification-101.htm CERTIFICATION certification-101.htm - Generated by SEC Publisher for SEC Filing

 

SECTION 302 CERTIFICATION

I, Bradley J. Skapyak, certify that:

1.  I have reviewed this report on Form N-Q of Dreyfus Connecticut Municipal Money Market Fund, Inc.;

2.  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4.  The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting;

5.  The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

By:       /s/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

Date:    April 26, 2011

 


 

 

SECTION 302 CERTIFICATION

I, James Windels, certify that:

1.  I have reviewed this report on Form N-Q of Dreyfus Connecticut Municipal Money Market Fund, Inc.;

2.  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4.  The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting;

5.  The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

By:       /s/ James Windels

            James Windels

            Treasurer

Date:    April 26, 2011