0000889169-11-000018.txt : 20111027 0000889169-11-000018.hdr.sgml : 20111027 20111027122630 ACCESSION NUMBER: 0000889169-11-000018 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110831 FILED AS OF DATE: 20111027 DATE AS OF CHANGE: 20111027 EFFECTIVENESS DATE: 20111027 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: 111161049 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 form-101.htm FORM N-Q form-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:

8/31/11

 

             

 

 


 

 

FORM N-Q

Item 1.                        Schedule of Investments.

 


 

STATEMENT OF INVESTMENTS 
Dreyfus Connecticut Municipal Money Market Fund, Inc. 
August 31, 2011 (Unaudited) 

 

  Coupon  Maturity  Principal   
Short-Term Investments--93.1%  Rate (%)  Date  Amount ($)  Value ($) 
Connecticut--90.3%         
Beacon Falls,         
GO Notes, BAN   1.50  7/19/12  1,454,000  1,462,875 
Connecticut,         
GO Notes, Refunding   5.50  12/15/11  250,000  253,533 
Connecticut,         
Special Tax Obligation,         
Refunding (Transportation         
Infrastructure Purposes)   5.50  10/1/11  200,000  200,824 
Connecticut,         
Special Tax Obligation,         
Refunding (Transportation         
Infrastructure Purposes)   2.00 12/1/11  250,000  250,959 
Connecticut,         
State Revolving Fund General         
Revenue, Refunding   2.00 10/1/11  400,000  400,515 
Connecticut Development Authority,         
Airport Hotel Revenue,         
Refunding (Bradley Airport         
Hotel Project) (LOC; TD Bank)   0.21 9/7/11  3,800,000 a  3,800,000 
Connecticut Development Authority,         
IDR (AcuCut, Inc. Project)         
(LOC; Wells Fargo Bank)   0.36 9/7/11  830,000 a  830,000 
Connecticut Development Authority,         
Solid Waste Disposal Facility         
Revenue (Rand-Whitney         
Containerboard Limited         
Partnership Project) (LOC;         
Bank of Montreal)   0.18 9/7/11  1,500,000 a  1,500,000 
Connecticut Health and Educational         
Facilities Authority, Revenue         
(Community Renewal Team Issue)         
(LOC; Bank of America)   0.32 9/7/11  760,000 a  760,000 
Connecticut Health and Educational         
Facilities Authority, Revenue         

 



(Corporation for Independent         
Living Community Resources         
Issue) (LOC; HSBC Bank USA)  0.19  9/7/11  2,500,000 a  2,500,000 
Connecticut Health and Educational         
Facilities Authority, Revenue         
(Eastern Connecticut Health         
Network Issue) (LOC; TD Bank)  0.18  9/7/11  1,500,000 a  1,500,000 
Connecticut Health and Educational         
Facilities Authority, Revenue         
(Edgehill Issue) (LOC;         
JPMorgan Chase Bank)  0.16  9/1/11  800,000 a  800,000 
Connecticut Health and Educational         
Facilities Authority, Revenue         
(Hoffman Summerwood Community         
Issue) (LOC; TD Bank)  0.16  9/7/11  3,400,000 a  3,400,000 
Connecticut Health and Educational         
Facilities Authority, Revenue         
(Hospital for Special Care         
Issue) (LOC; FHLB)  0.18  9/7/11  3,555,000 a  3,555,000 
Connecticut Health and Educational         
Facilities Authority, Revenue         
(Lawrence and Memorial         
Hospital Issue) (LOC; JPMorgan         
Chase Bank)  0.15  9/7/11  200,000 a  200,000 
Connecticut Health and Educational         
Facilities Authority, Revenue         
(Mansfield Center for Nursing         
and Rehabilitation Issue)         
(LOC; Bank of America)  0.32  9/7/11  2,000,000 a  2,000,000 
Connecticut Health and Educational         
Facilities Authority, Revenue         
(Taft School Issue) (LOC;         
Wells Fargo Bank)  0.24  9/7/11  1,800,000 a,b  1,800,000 
Connecticut Health and Educational         
Facilities Authority, Revenue         
(The Children's School Issue)         
(LOC; JPMorgan Chase Bank)  0.25  9/7/11  4,320,000 a,b  4,320,000 
Connecticut Health and Educational         
Facilities Authority, Revenue         
(The Hotchkiss School Issue)         
(Liquidity Facility; U.S. Bank         
NA)  0.17  9/7/11  5,300,000 a,b  5,300,000 
Connecticut Health and Educational         

 



Facilities Authority, Revenue         
(United Methodist Home of         
Sharon, Inc. Issue) (LOC;         
Wells Fargo Bank)  0.26  9/7/11  4,365,000 a  4,365,000 
Connecticut Health and Educational         
Facilities Authority, Revenue         
(Westminster School Issue)         
(LOC; Bank of America)  0.26  9/7/11  6,005,000 a,b  6,005,000 
Connecticut Health and Educational         
Facilities Authority, Revenue         
(Yale University Issue)  0.05  9/1/11  2,185,000 a,b  2,185,000 
Connecticut Health and Educational         
Facilities Authority, Revenue         
(Yale University Issue)  0.07  9/1/11  9,650,000 a,b  9,650,000 
Connecticut Health and Educational         
Facilities Authority, Revenue         
(Yale University Issue)  0.07  9/1/11  2,240,000 a,b  2,240,000 
Connecticut Housing Finance         
Authority, Revenue         
(Corporation for Independent         
Living Realty Incorporated         
Issue) (LOC; HSBC Bank USA)  0.19  9/7/11  3,450,000 a  3,450,000 
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; Bank of         
Tokyo-Mitsubishi UFJ)  0.24  9/7/11  2,880,000 a  2,880,000 
Hartford,         
GO Notes, BAN  2.00  4/12/12  2,000,000  2,016,775 
Milford,         
GO Notes  2.50  11/1/11  165,000  165,507 
Puttable Floating Option Tax         
Exempt Receipts (Connecticut         
Health and Educational         
Facilities Authority, Revenue         
(Windham Community Memorial         
Hospital Issue) (Liquidity         
Facility; Bank of America and         
LOC; Bank of America)  0.47  9/7/11  980,000 a,c,d  980,000 

 



U.S. Related--2.8%         
JPMorgan Chase Putters/Drivers         
Trust (Puerto Rico         
Commonwealth, Public         
Improvement GO Notes)         
(Liquidity Facility; JPMorgan         
Chase Bank and LOC; JPMorgan         
Chase Bank)  0.14  9/1/11  2,200,000 a,c,d  2,200,000 
 
 
Total Investments (cost $71,970,988)      93.1%  71,970,988 
Cash and Receivables (Net)      6.9%  5,366,630 
Net Assets      100.0%  77,337,618 

 

a     

Variable rate demand note - rate shown is the interest rate in effect at August 31, 2011. Maturity date represents the next demand date, or the ultimate maturity date if earlier.

b     

At August 31, 2011, the fund had $31,500,000 or 40.7% of net assets invested in securities whose payment of principal and interest is dependent upon revenues generated from education.

c     

Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At August 31, 2011, these securities amounted to $3,180,000 or 4.1% of net assets.

d     

The fund does not directly own the municipal security indicated; the fund owns an interest in a special purpose entity that, in turn, owns the underlying municipal security. The special purpose entity permits the fund to own interests in underlying assets, but in a manner structured to provide certain advantages not inherent in the underlying bonds (e.g., enhanced liquidity, yields linked to short-term rates).

At August 31, 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 

 



The following is a summary of the inputs used as of August 31, 2011 in valuing the fund's investments:

Valuation Inputs  Short-Term Investments ($)+ 
Level 1 - Unadjusted Quoted Prices  - 
Level 2 - Other Significant Observable Inputs  71,970,988 
Level 3 - Significant Unobservable Inputs  - 
Total  71,970,988 
 
+ 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.

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 Directors to represent the fair value of the fund’s investments.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e. the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

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 the 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 Act. 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.

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:

October 24, 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:

October 24, 2011

 

By: /s/ James Windels

James Windels

Treasurer

 

Date:

October 24, 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 cert302.htm CERTIFICATION cert302.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: October 24, 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: October 24, 2011