N-Q 1 form.htm FORM N-Q form
    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- 6172 
 
DREYFUS MUNICIPAL CASH MANAGEMENT PLUS 
    (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) 
 
    Mark N. Jacobs, 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:    1/31 
 
Date of reporting period:    4/30/06 


FORM N-Q

Item 1. Schedule of Investments.

  STATEMENT OF INVESTMENTS
Dreyfus Municipal Cash Management Plus
April 30, 2006 (Unaudited)
    Coupon    Maturity    Principal     
Short-Term Investments--100.9%    Rate (%)    Date    Amount ($)    Value ($) 





Alabama--3.2%                 
Columbia Industrial Development                 
Board, PCR (Alabama Power                 
Company Project)    3.81    5/1/06    16,900,000 a    16,900,000 
Mobile Industrial Development                 
Board, PCR, Refunding                 
(Alabama Power Company Project)    3.55    5/1/06    12,000,000    12,000,000 
 
Arizona--3.9%                 
Maricopa County Industrial                 
Development Authority, MFHR                 
(San Clemente Apartments                 
Project) (Insured; FNMA and                 
Liquidity Facility; FNMA)    4.12    5/7/06    1,010,000 a    1,010,000 
Maricopa County Industrial                 
Development Authority, MFHR,                 
Refunding (San Martin                 
Apartments Project) (Insured;                 
FNMA and Liquidity Facility;                 
FNMA)    3.84    5/7/06    7,200,000 a    7,200,000 
Phoenix Civic Improvement                 
Corporation, Airport Revenue                 
(Merlots Program) (Insured;                 
FGIC and Liquidity Facility;                 
Wachovia Bank)    3.87    5/7/06    4,645,000 a,b    4,645,000 
Phoenix Civic Improvement                 
Corporation, Water System                 
Revenue (Insured; MBIA and                 
Liquidity Facility; Merrill                 
Lynch)    3.84    5/7/06    14,320,000 a,b    14,320,000 
Roaring Fork Municipal Products,                 
Revenue, COP (Insured; MBIA                 
and Liquidity Facility; The                 
Bank of New York)    3.88    5/7/06    8,025,000 a,b    8,025,000 
 
California--2.7%                 
California,                 
RAN    4.50    6/30/06    8,000,000    8,019,345 
FHLMC Multifamily Certificates,                 
Revenue (Insured; FHLMC and                 
Liquidity Facility; FHLMC)    3.90    5/7/06    16,748,197 a,b    16,748,197 
 
Colorado--5.2%                 
Colorado Health Facilities                 
Authority, Health Care                 
Facilities Revenue (Christian                 
Living Campus) (LOC; HSH                 
Nordbank)    3.82    5/7/06    2,575,000 a    2,575,000 
Colorado Housing and Finance                 
Authority, EDR (Wanco Inc.                 
Project) (LOC; U.S. Bank NA)    3.90    5/7/06    3,500,000 a    3,500,000 
Erie,                 
COP (LOC; Key Bank)    3.85    5/7/06    4,365,000 a    4,365,000 
Lower Colorado River Authority,                 
CP (Liquidity Facility;                 
JPMorgan Chase Bank)    3.83    5/4/06    9,300,000    9,300,000 
Southern Ute Indian Tribe of                 
Southern Ute Indian                 
Reservation, Industrial Revenue    3.83    5/7/06    11,000,000 a    11,000,000 
Vail,                 


MFHR (Liquidity Facility;                 
Merrill Lynch Capital Services                 
and LOC; Ixis Corporate and                 
Investment Bank)    3.93    5/7/06    16,090,000 a,b    16,090,000 
 
Delaware--.4%                 
Delaware Economic Development                 
Authority, Private Schools                 
Revenue (Saint Anne's                 
Episcopal School Project)                 
(LOC; Wilmington Trust Co.)    3.90    5/7/06    4,000,000 a    4,000,000 
 
District of Columbia--1.7%                 
Bank of New York Municipal                 
Certificates Trust (GIC;                 
Trinity Plus Funding Co. and                 
Liquidity Facility; The Bank                 
of New York)    3.94    5/7/06    10,000,000 a,b    10,000,000 
District of Columbia,                 
Revenue (American Association                 
Homes and Services) (LOC;                 
Unicredito Italiano SPA)    3.85    5/7/06    5,545,000 a    5,545,000 
 
Florida--1.2%                 
Miami-Dade County Industrial                 
Development Authority, IDR                 
(Fine Art Lamps Project) (LOC;                 
SunTrust Bank)    3.85    5/7/06    3,850,000 a    3,850,000 
Orange County Housing Finance                 
Authority, Homeowner Revenue                 
(Insured: FNMA and GNMA and                 
Liquidity Facility; Lehman                 
Liquidity LLC)    3.64    5/7/06    3,050,000 a,b    3,050,000 
Orange County Industrial                 
Development Authority, IDR                 
(Central Florida YMCA Project)                 
(LOC; Bank of America)    3.85    5/7/06    3,900,000 a    3,900,000 
 
Georgia--2.1%                 
Atlanta,                 
Subordinate Lien Tax Allocation                 
(Atlantic Station Project) (LOC;                 
Wachovia Bank)    3.90    5/7/06    4,000,000 a    4,000,000 
Atlanta Urban Residential Finance                 
Authority, MFHR (Lindbergh                 
City Center Apartment) (LOC;                 
Regions Bank)    3.87    5/7/06    5,000,000 a    5,000,000 
Burke County Development                 
Authority, PCR, CP (Insured;                 
AMBAC and Liquidity Facility;                 
Rabobank Nederland)    3.78    5/17/06    10,000,000    10,000,000 


Illinois--3.7%                 
Chicago,                 
IDR (Victoria Limited LLC                 
Project) (LOC; ABN-AMRO)    3.88    5/7/06    3,500,000 a    3,500,000 
Chicago School Finance Authority,                 
GO, School Assistance,                 
Refunding (Insured; FGIC)    4.96    6/1/06    1,395,000    1,397,062 
Illinois                 
(Merlots Program) (Insured;                 
FGIC and Liquidity Facility;                 
Wachovia Bank)    3.82    5/7/06    5,350,000 a,b    5,350,000 
Illinois Finance Authority,                 
Revenue (The Landing at                 
Plymouth Place Project) (LOC;                 
ABN-AMRO)    3.80    5/7/06    10,000,000 a    10,000,000 
Illinois Finance Authority,                 
Revenue (The Landing at                 
Plymouth Place Project) (LOC;                 
Lloyds TSB Bank PLC)    3.80    5/7/06    5,000,000 a    5,000,000 
Upper Illinois River Valley                 
Development Authority, SWDR                 
(Exolon-Esk Co. Project) (LOC;                 
Bank of America)    3.86    5/7/06    8,405,000 a    8,405,000 
 
Indiana--3.9%                 
Elkhart County,                 
EDR (Four Seasons                 
Manufacturing Project) (LOC;                 
National City Bank)    3.92    5/7/06    4,000,000 a    4,000,000 
Hammond,                 
Sewer and Solid Waste Disposal                 
Revenue, Refunding (Cargill                 
Inc. Project)    3.87    5/7/06    6,500,000 a    6,500,000 
Indiana Educational Facilities                 
Authority, College and                 
University Revenue (Martin                 
University Project) (LOC; Key                 
Bank)    3.81    5/7/06    3,235,000 a    3,235,000 
Indiana Finance Authority,                 
EDR (JRL Leasing, Inc. and                 
LaSarre Co., LLC Project)                 
(LOC; National City Bank)    3.85    5/7/06    3,800,000 a    3,800,000 
Indiana Health Facility Financing                 
Authority, Health Facility                 
Revenue (Clark Memorial                 
Hospital Project) (LOC;                 
JPMorgan Chase Bank)    3.87    5/7/06    8,690,000 a    8,690,000 
Indiana Toll Road Commission,                 
Toll Road Revenue (Merlots                 
Program) (Liquidity Facility;                 
Wachovia Bank)    3.82    5/7/06    3,280,000 a,b,c    3,280,000 
Indianapolis Local Public                 
Improvement Bond Bank, Revenue    4.50    7/6/06    3,025,000    3,031,720 
Saint Joseph County,                 
Health Care Facility Revenue                 
(South Bend Medical Foundation                 
Project) (LOC; National City                 
Bank)    3.87    5/7/06    2,900,000 a    2,900,000 
 
Iowa--.5%                 
Iowa Finance Authority,                 
SFMR (Backed Securities                 
Program) (Liquidity Facility;                 
State Street Bank and Trust                 
Co.)    3.85    5/7/06    4,500,000 a    4,500,000 


Kansas--.4%                 
Mission,                 
MFHR, Refunding (The Falls                 
Apartments Project) (Insured;                 
FNMA)    3.90    5/7/06    3,350,000 a    3,350,000 
 
Kentucky--4.6%                 
Kenton County Airport Board,                 
Special Facilities Revenue                 
(Airis Cincinnati LLC) (LOC;                 
Deutsche Postbank)    3.90    5/7/06    31,800,000 a    31,800,000 
Roaring Fork Municipal Products                 
LLC, Revenue (Insured; AMBAC                 
and Liquidity Facility; The                 
Bank of New York)    3.94    5/7/06    9,535,000 a,b    9,535,000 
 
Louisiana--.8%                 
New Orleans,                 
Sewerage Service, BAN    2.99    7/26/06    7,000,000    7,000,000 
 
Maine--.3%                 
Auburn,                 
Obligation Securities Revenue                 
(J&A Properties) (LOC;                 
Citizens Bank of Massachusetts)    3.87    5/7/06    2,550,000 a    2,550,000 
 
Maryland--.2%                 
Maryland Economic Development                 
Corporation, Revenue,                 
Refunding (United Cerebral                 
Palsy Project) (LOC; M&T Bank)    3.92    5/7/06    2,144,500 a    2,144,500 
 
Massachusetts--4.3%                 
Massachusetts Development Finance                 
Agency, Private Schools Revenue             
(North Field Mount Herman)                 
(Insured; Radian Bank and Liquidity             
Facility; Bank of America)    3.87    5/7/06    5,000,000 a    5,000,000 
Massachusetts Development Finance                 
Agency, College and University                 
Revenue (Suffolk University Series)             
(Insured; Assured Guaranty and                 
Liquidity Facility; Citizens Bank of                 
Massachusetts)    3.84    5/7/06    7,500,000 a    7,500,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Putters                 
Program) (Insured; FGIC and                 
Liquidity Facility; PB Finance                 
Inc.)    3.86    5/7/06    10,950,000 a,b    10,950,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue, CP                 
(Harvard University)    3.60    6/12/06    10,000,000    10,000,000 
Pembroke,                 
GO Notes, BAN    3.95    8/3/06    5,000,000    5,014,139 
 
Michigan--4.5%                 
Michigan,                 
GO Notes    4.44    9/29/06    7,600,000    7,639,217 
Michigan Hospital Finance                 
Authority, Revenue (Chelsea                 
Community Hospital) (LOC;                 
National City Bank)    3.83    5/7/06    3,685,000 a    3,685,000 
Michigan Hospital Finance                 
Authority, Revenue (Health                 


Care Equipment Loan Program)                 
(LOC; ABN-AMRO)    3.84    5/7/06    5,000,000 a    5,000,000 
Michigan Municipal Bond Authority,                 
Revenue (LOC; JPMorgan Chase             
Bank)    3.98    8/18/06    10,500,000    10,523,063 
Michigan Strategic Fund,                 
LOR (HME Inc. Project) (LOC;                 
Fifth Third Bank)    3.89    5/7/06    2,235,000 a    2,235,000 
Michigan Strategic Fund,                 
LOR (Kaumagraph Flint Corp.                 
Project) (LOC; Bank One)    3.91    5/7/06    2,600,000 a    2,600,000 
Michigan Strategic Fund,                 
LOR (Peckham Vocational                 
Industries Project) (LOC;                 
ABN-AMRO)    3.85    5/7/06    2,225,000 a    2,225,000 
Michigan Strategic Fund,                 
LOR (PFG Enterprises Inc.                 
Project) (LOC; Huntington NB)    4.10    5/7/06    2,875,000 a    2,875,000 
Oakland County Economic                 
Development Corporation, LOR                 
(Michigan Seamless Tube LLC                 
Project) (LOC; ABM-AMRO)    3.96    5/7/06    4,000,000 a    4,000,000 
 
Minnesota--1.1%                 
Minneapolis-Saint Paul                 
Metropolitan Airports                 
Commission, Airport Revenue                 
(Insured; FGIC and Liquidity                 
Facility; Merrill Lynch)    3.84    5/7/06    9,685,000 a,b    9,685,000 
 
Missouri--1.3%                 
Missouri Health and Educational                 
Facilities Authority, Health                 
Facilities Revenue (Deaconess                 
Long Term Care of Missouri,                 
Inc.) (LOC; Bank One)    3.81    5/7/06    8,345,000 a    8,345,000 
Saint Louis Industrial Development                 
Authority, MFHR (GIC; IXIS                 
Corporate and Investment Bank                 
and Liquidity Facility;                 
Merrill Lynch Capital Services)    3.83    5/7/06    3,570,000 a,b    3,570,000 
 
Nevada--1.5%                 
Roaring Fork Municipal Products                 
LLC, Revenue (Insured; FNMA                 
and Liquidity Facility; The                 
Bank of New York)    3.95    5/7/06    13,565,000 a,b    13,565,000 
 
New Hampshire--.5%                 
New Hampshire Health and Education             
Facilities Authority, Revenue                 
(Currier Museum of Art Issue)                 
(LOC; Royal Bank of Scotland                 
PLC)    3.83    5/7/06    4,700,000 a    4,700,000 
 
New Jersey--1.7%                 
New Jersey,                 
TRAN    3.95    6/23/06    15,000,000    15,024,562 
 
New Mexico--.7%                 
Dona Ana County,                 
IDR (Foamex Products Inc.                 
Project) (LOC; Bank of Nova                 
Scotia)    3.89    5/7/06    5,900,000 a    5,900,000 
 
New York--.4%                 


TSASC Inc. of New York,                 
Tobacco Settlement                 
Asset-Backed Bonds (Liquidity                 
Facility; Merrill Lynch)    3.87    5/7/06    3,280,000 a,b    3,280,000 
 
North Carolina--3.5%                 
Board of Governors of the                 
University of North Carolina,                 
CP    3.83    5/1/06    30,000,000    30,000,000 
Burke County Industrial Facilities                 
and Pollution Control                 
Financing Authority,                 
Industrial Revenue (Bauer                 
Industries Inc. Project) (LOC;                 
Bank of Montreal)    3.90    5/7/06    1,655,000 a    1,655,000 
 
Ohio--7.6%                 
Butler County,                 
Capital Funding Revenue (CCAO             
Low Cost Capital) (LOC; U.S.                 
Bank NA)    3.82    5/7/06    3,255,000 a    3,255,000 
Hamilton County,                 
Health Care Facilities Revenue                 
(Twin Towers and Twin Lakes                 
Project) (LOC; U.S. Bank NA)    3.83    5/7/06    8,000,000 a    8,000,000 
Hamilton County,                 
Hospital Facilities Revenue                 
(Insured; FSA and Liquidity                 
Facility; Svenska                 
Handelsbanken)    3.89    5/7/06    10,000,000 a,b    10,000,000 
Middletown,                 
Hospital Facilities Revenue                 
(Liquidity Facility; Merrill                 
Lynch Capital Services and                 
LOC; Merrill Lynch)    3.89    5/7/06    20,510,000 a,b    20,510,000 
Ohio Water Development Authority,                 
PCR (FirstEnergy Nuclear                 
Generation Corp. Project)                 
(LOC; Barclays Bank PLC)    3.86    5/7/06    9,700,000 a    9,700,000 
University of Cincinnatti,                 
General Receipts, BAN    4.44    1/25/07    5,000,000    5,042,789 
University of Toledo,                 
General Receipts (Insured; FGIC             
and Liquidity Facility; US                 
Bank NA)    3.82    5/1/06    12,400,000 a    12,400,000 
 
Oregon--1.6%                 
Oregon,                 
Homeowner Revenue (Liquidity                 
Facility; Landesbank Hessen-Thuringen             
Girozentrale and LOC; Trinity Funding             
Corporation)    3.89    5/7/06    14,450,000 a,b    14,450,000 
 
Pennsylvania--11.0%                 
Dauphin County General Authority,                 
Revenue (School District                 
Pooled Financing Program II)                 
(Insured; AMBAC and Liquidity                 
Facility; Bank of Nova Scotia)    3.83    5/7/06    2,250,000 a    2,250,000 
Emmaus General Authority,                 
Local Government Revenue (GIC;             
Goldman Sachs and Co.)    3.83    5/7/06    19,000,000 a    19,000,000 
Emmaus General Authority,                 
Local Government Revenue (LOC;             
DEPFA Bank PLC)    3.83    5/7/06    6,200,000 a    6,200,000 
Emmaus General Authority,                 


Local Government Revenue (LOC;             
DEPFA Bank PLC)    3.83    5/7/06    5,250,000 a    5,250,000 
Emmaus General Authority,                 
Local Government Revenue (LOC;             
DEPFA Bank PLC)    3.83    5/7/06    13,500,000 a    13,500,000 
Lancaster Municipal Authority,                 
Revenue (Ephrata Community                 
Hospital Project) (LOC; Fulton                 
Bank)    3.90    5/7/06    4,000,000 a    4,000,000 
Montgomery County Industrial                 
Development Authority,                 
Industrial Revenue (Recigno                 
Laboratories) (LOC; Wachovia                 
Bank)    3.95    5/7/06    1,685,000 a    1,685,000 
North Lebanon Township Municipal                 
Authority, Sewer Revenue                 
(Insured; FSA and Liquidity                 
Facility; Dexia Credit Locale)    3.85    5/7/06    3,400,000 a    3,400,000 
Pennsylvania Housing Finance                 
Agency, SFHR (Liquidity                 
Facility; DEPFA Bank PLC)    3.82    5/7/06    30,000,000 a    30,000,000 
Philadelphia,                 
Airport Revenue, Refunding                 
(Insured; MBIA and Liquidity                 
Facility; JPMorgan Chase Bank)    3.88    5/7/06    11,000,000 a    11,000,000 
West Cornwall Township Municipal                 
Authority, Revenue                 
(Pennsylvania General                 
Government Loan Program)                 
(Insured; FSA and Liquidity                 
Facility; Dexia Credit Locale)    3.83    5/7/06    2,518,000 a    2,518,000 


Texas--15.1%                 
Bexar County Housing Finance                 
Corporation, MFHR (Gates                 
Capernaum Apartments Project)                 
(Liquidity Facility; Merrill                 
Lynch)    3.93    5/7/06    3,980,000 a,b    3,980,000 
East Texas Housing Finance                 
Corporation, MFHR (Liquidity                 
Facility; Merrill Lynch)    3.93    5/7/06    4,320,000 a,b    4,320,000 
Harris County,                 
GO, CP (Liquidity                 
Facility: Bank of Nova Scotia                 
and Lloyds TSB Bank PLC)    3.19    5/10/06    5,000,000    5,000,000 
Harris County Health Facilities                 
Development Corporation,                 
Revenue (The Methodist                 
Hospital System)    3.60    7/3/06    15,000,000    15,000,000 
Harris County Housing Finance                 
Corporation, MFHR (Liquidity                 
Facility; Merrill Lynch and                 
LOC; Merrill Lynch)    3.93    5/7/06    13,145,000 a,b    13,145,000 
Harris County Metropolitan                 
Transportation Authority,                 
Sales and Use Tax Revenue, CP                 
(LOC; DEPFA Bank PLC)    3.50    5/16/06    10,000,000    10,000,000 
Houston,                 
Airport System Revenue, CP                 
(LOC; Dexia Credit Locale)    3.15    5/8/06    5,500,000    5,500,000 
Mansfield Independent School                 
District, GO (Insured;                 
Permanent School Fund                 
Guaranteed and Liquidity                 
Facility; Deutsche Bank)    3.84    5/7/06    5,620,000 a,b    5,620,000 
Montgomery County Housing Finance                 
Corporation, MFHR (Park at                 
Woodline Townhomes) (LOC;                 
Citigroup NA)    3.93    5/7/06    7,500,000 a    7,500,000 
Revenue Bond Certificate Series                 
Trust Various States, Housing                 
Revenue (Pebble Brooke) (GIC;                 
AIG Funding Inc.)    4.13    5/7/06    7,000,000 a,b    7,000,000 
Revenue Bond Certificate Series                 
Trust, Various States Revenue                 
(Chimney Project) (GIC; AIG                 
Funding Inc.)    4.13    5/7/06    6,210,000 a,b    6,210,000 
San Antonio,                 
Water Revenue, Refunding                 
(Insured; MBIA and Liquidity                 
Facility; JPMorgan Chase Bank)    3.82    5/7/06    19,850,000 a    19,850,000 
Texas,                 
TRAN    4.50    8/31/06    12,000,000    12,057,934 
Texas Department of Housing and                 
Community Affairs, MFHR                 
(Liquidity Facility; Merrill                 
Lynch and LOC; Merrill Lynch)    3.93    5/7/06    7,500,000 a,b    7,500,000 
Texas Department of Housing and                 
Community Affairs, Single                 
Family Revenue, CP    3.40    6/1/06    3,200,000    3,200,000 
Texas Public Finance Authority,                 
GO, CP (LOC; Transamerica                 
Occidental Life Insurance Company)    3.15    5/10/06    10,900,000    10,900,000 
 
Utah--2.2%                 
Intermountain Power Agency,                 
Power Supply Revenue, CP                 
(Liquidity Facility; JPMorgan                 
Chase Bank)    3.37    5/11/06    9,400,000    9,400,000 


Murray City,                 
HR (IHC Health Services Inc.)    3.80    5/1/06    10,000,000 a    10,000,000 
 
Vermont--.5%                 
Winooski,                 
Special Obligation, Refunding                 
(LOC; TD Banknorth, N.A.)    3.75    5/1/06    4,700,000 a    4,700,000 
 
Virginia--2.6%                 
Norfolk Economic Development                 
Authority, New Empowerment                 
Zone Facility Revenue                 
(Metropolitan Machine Corp.                 
Project) (LOC; Wachovia Bank)    3.85    5/7/06    6,600,000 a    6,600,000 
Virginia Beach Development                 
Authority, IDR, Refunding                 
(Giant Square Shopping Center                 
Co. LLP Project) (LOC;                 
Wachovia Bank)    3.85    5/7/06    3,500,000 a    3,500,000 
Virginia Housing Development                 
Authority, Commonwealth                 
Mortgage Revenue    3.01    5/16/06    10,000,000    10,000,000 
Winchester Industrial Development                 
Authority, Residential Care                 
Facility Revenue                 
(Westminister-Canterbury of                 
Winchester, Inc.) (LOC; Branch                 
Banking and Trust Co.)    3.82    5/7/06    3,000,000 a    3,000,000 
 
Washington--3.6%                 
Everett Industrial Development                 
Corporation, Exempt Facilities                 
Revenue (Kimberly Clark Corp.                 
Project)    3.85    5/7/06    3,200,000 a    3,200,000 
Port of Seattle,                 
Revenue (Insured; FGIC and                 
Liquidity Facility; BNP                 
Paribas)    3.88    5/7/06    2,870,000 a,b    2,870,000 
Seattle Housing Authority,                 
Revenue (Newholly                 
Project-Phase III) (LOC; Key                 
Bank)    3.86    5/7/06    2,450,000 a    2,450,000 
Washington Economic Development                 
Finance Authority, SWDR (Cedar                 
Grove Composing Project) (LOC;                 
Wells Fargo Bank)    3.85    5/7/06    5,400,000 a    5,400,000 
Washington Economic Development                 
Finance Authority, SWDR (Lemay                 
Enterprises Project) (LOC;                 
Bank of America)    3.85    5/7/06    5,660,000 a    5,660,000 
Washington Economic Development                 
Finance Authority, SWDR (Waste                 
Management Project) (LOC; Bank                 
of America)    3.88    5/7/06    5,500,000 a    5,500,000 
Washington Housing Finance                 
Commission, MFHR (Queen Anne                 
Project) (LOC; Bank of America)    3.92    5/7/06    7,500,000 a    7,500,000 
 
Wisconsin--1.3%                 
Middleton-Cross Plains Area School                 
District, BAN    3.96    12/1/06    1,800,000    1,802,670 
Onalaska School District,                 
BAN    3.63    11/15/06    10,000,000    10,008,568 
 
Wyoming--1.1%                 
Campbell County,                 


IDR (Two Elk Power Generation                 
Project) (LOC; Citibank NA)    3.50    11/30/06    10,000,000    10,000,000 
 
 
Total Investments (cost $910,516,766)            100.9%    910,516,766 
Liabilities, Less Cash and Receivables            (.9%)    (8,228,073) 
Net Assets            100.0%    902,288,693 

a Securities payable on demand. Variable interest rate--subject to periodic change.
b 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 April 30, 2006, these securities
amounted to $227,698,197 or 25.2% of net assets.
c These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are
collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the
municipal issue and to retire the bonds in full at the earliest refunding date.

Securities valuation policies and other 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.


Summary of Abbreviations         



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 
BIGI    Bond Investors Guaranty Insurance    BPA    Bond Purchase Agreement 
CGIC    Capital Guaranty Insurance Company    CIC    Continental Insurance Company 
CIFG    CDC Ixis Financial Guaranty    CMAC    Capital Market Assurance Corporation 
COP    Certificate of Participation    CP    Commercial Paper 
EDR    Economic Development Revenue    EIR    Environment 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    FSA    Financial Security Assurance 
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    MBIA    Municipal Bond Investors Assurance Insurance 
MFHR    Multi-Family Housing Revenue    MFMR    Multi-Family Mortgage Revenue 
PCR    Pollution Control Revenue    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         


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 MUNICIPAL CASH MANAGEMENT PLUS

By:    /s/ Stephen E. Canter 

    Stephen E. Canter 
    President 
Date:    June 22, 2006 

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/ Stephen E. Canter 

    Stephen E. Canter 
    Chief Executive Officer 
Date:    June 22, 2006 
 
By:    /s/ James Windels 

James Windels
    Chief Financial Officer 
Date:    June 22, 2006 

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)