-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, I+NYWsdlY4cY7peS5dbBJcpNO/5JxpCfcNDZ1pDY9PgKGVTLmgGyQa3Q/672Hzgv cIPt1dlJ93lHOSffIQhKKA== 0001193125-07-256033.txt : 20071129 0001193125-07-256033.hdr.sgml : 20071129 20071129143412 ACCESSION NUMBER: 0001193125-07-256033 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070930 FILED AS OF DATE: 20071129 DATE AS OF CHANGE: 20071129 EFFECTIVENESS DATE: 20071129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL TAX FREE MONEY FUND INC CENTRAL INDEX KEY: 0000311561 IRS NUMBER: 132993505 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-02927 FILM NUMBER: 071274374 BUSINESS ADDRESS: STREET 1: GATEWAY CENTER THREE, 4TH FLOOR STREET 2: 100 MULBERRY STREET CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 973-802-6469 MAIL ADDRESS: STREET 1: GATEWAY CENTER THREE, 4TH FLOOR STREET 2: 100 MULBERRY STREET CITY: NEWARK STATE: NJ ZIP: 07102 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL BACHE TAX FREE MONEY FUND INC DATE OF NAME CHANGE: 19920603 FORMER COMPANY: FORMER CONFORMED NAME: CHANCELLOR TAX FREE MONEY FUND INC DATE OF NAME CHANGE: 19830516 FORMER COMPANY: FORMER CONFORMED NAME: CHANCELLOR TAX EXEMPT DAILY INCOME FUND INC DATE OF NAME CHANGE: 19810811 0000311561 S000010002 Dryden Tax-Free Money Fund C000027667 Dryden Tax-Free Money Fund N-Q 1 dnq.htm PRUDENTIAL TAX-FREE MONEY FUND, INC. -- DRYDEN TAX-FREE MONEY FUND Prudential Tax-Free Money Fund, Inc. -- Dryden Tax-Free Money Fund

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


FORM N-Q

 


QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

 

Investment Company Act file number:   811-02927
Exact name of registrant as specified in charter:  

Prudential Tax-Free Money Fund, Inc.

(d/b/a Dryden Tax-Free Money Fund)

Address of principal executive offices:  

Gateway Center 3,

100 Mulberry Street,

Newark, New Jersey 07102

Name and address of agent for service:  

Deborah A. Docs

Gateway Center 3,

100 Mulberry Street,

Newark, New Jersey 07102

Registrant’s telephone number, including area code:   800-225-1852
Date of fiscal year end:   12/31/2007
Date of reporting period:   9/30/2007

 


 


Item 1. Schedule of Investments

 


Dryden Tax-Free Money Fund

Schedule of Investments

as of September 30, 2007 (Unaudited)

 

Description (a)

  

Moody’s

Rating

  

Interest

Rate

   

Maturity

Date

  

Principal

Amount (000)

   Value

SHORT-TERM INVESTMENTS 99.7%

             

Arkansas 4.6%

             

Fort Smith Sales & Use Tax

   Aaa    5.00 %   09/01/08    $ 1,500    $ 1,517,351
                 

Florida 12.8%

             

Florida St. Brd. Ed., Cap. Outlay Pub. Ed., Ser. A, G.O.

   Aa1    6.00     06/01/08      200      202,849

Florida St. Brd. Pub. Ed., Muni. Secs. Tr. Rcpts., F.R.D.D.,
Ser. SGA 102, G.O.

   A-1+(c)    4.05     10/01/07      1,200      1,200,000

Marion Cnty. Sch Brd. Ctfs. Partn., Ser. B, A.M.B.A.C.

   Aaa    4.00     06/01/08      105      105,156

Muni. Secs. Tr. Ctfs., Ser. 2001-131, Cl. A, 144A, G.O., F.R.D.D.

   A-1(c)    4.05     10/01/07      1,600      1,600,000

Muni. Secs. Tr. Ctfs., Ser. 2001-160, Cl. A, Rev., F.G.I.C., F.R.D.D.

   A-1(c)    4.05     10/01/07      800      800,000

Orange Cnty. Tourist Dev. Tax Rev., Ser. A, A.M.B.A.C.

   Aaa    5.00     10/01/07      300      300,000
                 
                4,208,005
                 

Georgia 4.6%

             

Stephens Cnty. Dev. Auth. Solid Wste. Disp. Facs. Rev., Caterpillar, Inc. Proj., Ser. 2000, A.M.T., F.R.W.D.

   P-1    4.04     10/04/07      1,520      1,520,000
                 

Illinois 6.9%

             

Cook Kane Lake & MC Henry Cntys. Cmtny. College Dist. No. 512, William Rains Harper College, Ser. A, G.O., F.S.A.

   Aaa    5.50     12/01/07      200      200,617

Fulton Cnty. Unified Sch. Dist. No. 066, Canton, G.O., F.S.A.

   Aaa    4.55     12/01/07      290      290,448

Illinois Dev. Fin. Auth. Rev., Aurora Cent. Catholic High School, Ser. 1994, F.R.W.D.

   A-1(c)    4.10     10/04/07      1,000      1,000,000

Illinois Hlth. Facs. Auth. Rev., Mem. Hlth. Sys., Ser. 2003, F.R.D.D.

   VMIG1    4.10     10/01/07      700      700,000

Will Cnty. Cmnty. United Sch. Dist. No. 365, VY View, Ser. A, G.O., F.S.A.

   Aaa    4.35     11/01/07      100      100,062
                 
                2,291,127
                 

Indiana 3.0%

             

Indiana Transn. Fin. Auth. Hwy. Rev. Mun. Secs. Tr. Rcpts.,
Ser. SGA 113, F.R.D.D.

   A-1+(c)    4.05     10/01/07      1,000      1,000,000
                 

Kentucky 3.8%

             

Kentucky Economic Dev. Fin. Auth. Hosp. Facs., Rev., Ser. 99 C

   VMIG1    4.07     10/01/07      1,255      1,255,000
                 


Louisiana 0.6%

              

St. Charles Parish Pollutn. Ctl. Rev., Var., Ref. Shell Oil Co., Norco Proj.,
Ser. 99 B, F.R.D.D., A.M.T.

   VMIG1    4.13    10/01/07    190    190,000
                

Maine 9.0%

              

York Rev., Stonewall Realty LLC Proj., Ser. 1999, A.M.T., F.R.W.D.

   VMIG1    4.04    10/04/07    2,965    2,965,001
                

Maryland 3.2%

              

Maryland ST Economic Dev., Corp. Economic Dev., Rev., F.R.D.D.

   VMIG1    4.02    10/01/07    1,050    1,050,000
                

Michigan 0.8%

              

Hamilton, Cmnty. Schs. Dist., Ref., F.G.I.C., G.O.

   Aaa    5.50    05/01/08    250    252,359
                

Minnesota 6.1%

              

Owatonna Hsg. Rev., Second Century Proj., Ser. 2003 A, F.R.W.D., F.H.L.B.

   VMIG1    4.04    10/04/07    1,400    1,400,000

St. Paul Hsg. & Redev. Auth. Rev., Minn. Pub. Radio Proj., Ser. 2002, F.R.D.D.

   VMIG1    4.10    10/01/07    600    600,000
                
               2,000,000
                

Mississippi 0.4%

              

Mississippi Dev. Bk. Spl. Oblig., F.S.A.

   Aaa    4.00    09/01/08    150    150,333
                

Missouri 9.0%

              

Missouri St. Hlth. & Edl. Facs. Auth., Edl. Facs. Rev., Bethesda Hlth. Group,
Ser. 2001 A, F.R.D.D.

   VMIG1    4.05    10/01/07    530    530,000

St. Louis Univ., Rev.,

              

Ser. 2002, F.R.D.D.

   VMIG1    4.08    10/01/07    1,540    1,540,000

Ser. B, F.R.D.D.

   VMIG1    4.08    10/01/07    910    910,000
                
               2,980,000
                

New York 1.5%

              

Mun. Secs. Trust Ctfs. Rev., Ser. 2001-109, Class A, 144A, F.R.D.D.

   VMIG1    4.05    10/01/07    500    500,000
                

Ohio 2.8%

              

East Lake Ind. Dev. Rev., Astro Model Dev. Corp. Proj., Ser. 1996, A.M.T., F.R.W.D.

   NR    4.15    10/04/07    925    925,000
                

Pennsylvania 0.9%

              

Schuylkill Cnty. Ind. Dev. Auth. Res. Recovery Rev., Northeastern Pwr. Co.,
Ser. 1997 A, F.R.D.D.

   A-1+(c)    4.02    10/01/07    310    310,000
                

Tennessee 5.2%

              

Blount Cnty. Pub. Bldg. Loc. Auth., Govt. Pub. Impt.,

              

A-1-D, Rev., A.M.B.A.C., F.R.D.D.

   VMIG1    4.10    10/01/07    100    100,000

Ser. A-2C, A.M.B.A.C., F.R.D.D.

   VMIG1    4.10    10/01/07    400    400,000

Sevier Cnty. Pub. Bldg. Auth.

              

IV-2, F.S.A., F.R.D.D.

   VMIG1    4.10    10/01/07    200    200,000

IV-B-12, A.M.B.A.C., F.R.D.D.

   VMIG1    4.10    10/01/07    1,000    1,000,000
                
               1,700,000
                


Texas 16.6%

              

Bexar Cnty., CTFS Oblig-Comb Ctl. Tax G.O., F.S.A.

   Aaa    4.00    06/15/08    810      811,753

Brownsville Impt. Corp., Sales Tax Rev., M.B.I.A.

   Aaa    4.00    02/15/08    155      155,176

Dallas-Fort Worth Regl., Arpt., Rev., A.M.T., M.B.I.A., F.R.D.D.

   A-1+(c)    4.08    10/01/07    200      200,000

DelValle Indpt. Sch. Dist. Sch. Bldg., G.O., P.S.F. Gtd.

   AAA(c)    4.50    06/15/08    505      507,306

EL Paso Cnty. Ctfs. Oblig., F.S.A., G.O.

   Aaa    4.00    02/15/08    150      150,160

Harris Cnty. Hlth. Facs. Dev. Corp.,

              

Ser D, C.P.

   P-1    3.75    10/12/07    425      425,000

Hosp. Rev., Var., Texas Childrens Hosp.

              

Ser. 1999 B-1, M.B.I.A., F.R.D.D.

   VMIG1    4.07    10/01/07    450      450,000

Keller Indpt. Sch. Dist., Mun. Secs. Tr. Rcpts., Ser. SGA 111, P.S.F. Gtd., F.R.D.D., 144A, G.O.

   A-1+(c)    4.05    10/01/07    700      700,000

Mckinney Indpt. Sch. Dist., G.O., P.S.F. Gtd.

   Aaa    5.00    02/15/08    100      100,453

Texas St. Tpk., Auth. Cent. Tpksys. Rev., Bd. Antic. Nts., Second Tier

   Aa3    5.00    06/01/08    1,710      1,723,850

Texas Wtr. Dev. Brd. Rev., Ser. A

   Aaa    5.25    07/15/08    250      252,869
                  
                 5,476,567
                  

Utah 2.2%

              

Salt Lake Cnty. Pollutn. Ctl. Rev., Var. Ref. Svc., Station Hldgs. PJ., Ser. 94, F.R.D.D.

   P-1    4.05    10/01/07    715      715,000
                  

Virginia 0.3%

              

Richmond VA Indl. Dev. Auth. Rev., Ser. 2001, F.R.D.D.

   VMIG1    4.08    10/01/07    100      100,000
                  

Washington 2.0%

              

Benton Cnty. Sch. Dist. No. 17 Kennewick, Sch. BD, G.O., F.S.A.

   Aaa    4.25    12/01/07    250      250,264

Seattle Mun. Lt. & Pwr. Rev., Ser. SGA 96, F.R.D.D., M.B.I.A.

   A-1(c)    4.05    10/01/07    400      400,000
                  
                 650,264
                  

Wisconsin 3.4%

              

Green Bay Wtr. Sys. Rev., F.S.A.

   Aaa    4.00    11/01/07    100      100,033

Whitewater Ind. Dev. Rev., Trek Bicycle Corp. Proj., Ser. 1995, A.M.T., F.R.W.D.

   NR    4.04    10/04/07    865      865,000

Wisconsin St. Clean Wtr. Rev., Ref. Ser. 2, M.B.I.A.

   Aaa    5.25    06/01/08    150      151,452
                  
                 1,116,485
                  

Total Investments 99.7%
(cost $32,872,492)(d)

                 32,872,492

Other assets in excess of liabilities 0.3%

                 95,498
                  

Net Assets 100.0%

               $ 32,967,990
                  

 



(a) The following abbreviations are used in the portfolio descriptions:

144A – Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, 144A securities are deemed to be liquid.

A.M.B.A.C. – American Municipal Bond Assurance Corporation.

A.M.T. – Alternative Minimum Tax.

C.P. – Commercial Paper.

F.G.I.C. – Financial Guaranty Insurance Company.

F.H.L.B. – Federal Home Loan Bank.

F.R.D.D. – Floating Rate (Daily) Demand Note (b).

F.R.W.D. – Floating Rate (Weekly) Demand Note (b).

F.S.A. – Financial Security Assurance.

M.B.I.A. – Municipal Bond Insurance Association.

G.O. – General Obligation.

NR – Not Rated by Moody’s or Standard & Poor’s.

P.S.F. – Permanent School Fund.

 

(b) For purposes of amortized cost valuation, the maturity date of these instruments is considered to be the later of the next date on which the security can be redeemed at par or the next date on which the rate of interest is adjusted.
(c) Standard & Poor’s Rating.
(d) The cost basis for federal income tax purposes is substantially the same as that used for financial statements purposes.

The Fund’s current Prospectus contains a description of Moody’s and Standard & Poor’s ratings.

Notes to Schedule of Investments (Unaudited)

Securities are valued at amortized cost, which approximates market value. The amortized cost method involves valuing a security at its cost on the date of purchase and thereafter assuming a constant amortization to maturity of the difference between the principal amount due at maturity and cost. If the amortized cost method is determined not to represent fair value, the fair value is determined by or under the direction of the Board of Directors. When determining the fair valuation of securities some of the factors influencing the valuation include, the nature of any restrictions on disposition of the securities; assessment of the general liquidity of the securities; the issuer’s financial condition and the markets in which it does business; the cost of the investment; the size of the holding and the capitalization of issuer; the prices of any recent transactions or bids/offers for such securities or any comparable securities; any available analyst media or other reports or information deemed reliable by the investment adviser regarding the issuer or the markets or industry in which it operates. Using fair value to price securities may result in a value that is different from a security’s most recent closing price and from the price used by other mutual funds to calculate their net asset values.

Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).


Item 2. Controls and Procedures

 

  (a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

 

  (b) There have been no significant changes in the registrant’s internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

 

Item 3. Exhibits

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 – Attached hereto.

 


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.

(Registrant) Prudential Tax-Free Money Fund, Inc.

 

By (Signature and Title)*  

/s/ Deborah A. Docs

 
  Deborah A. Docs  
  Secretary of the Fund  
Date November 26, 2007    

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 (Signature and Title)*  

/s/ Judy A. Rice

 
  Judy A. Rice  
  President and Principal Executive Officer  
Date November 26, 2007    
By (Signature and Title)*  

/s/ Grace C. Torres

 
  Grace C. Torres  
  Treasurer and Principal Financial Officer  

Date November 26, 2007


* Print the name and title of each signing officer under his or her signature.
EX-99.CERT 2 dex99cert.htm CERTIFICATIONS Certifications

CERTIFICATIONS

I, Judy A. Rice, certify that:

 

1. I have reviewed this report on Form N-Q of Prudential Tax-Free Money 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 schedules 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; and

 


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.

 

Date: November 26, 2007  

/s/ Judy A. Rice

  Judy A. Rice
  President and Principal Executive Officer

 


CERTIFICATIONS

I, Grace C. Torres, certify that:

 

1. I have reviewed this report on Form N-Q of Prudential Tax-Free Money 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 schedules 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; and

 


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.

 

Date: November 26, 2007  

/s/ Grace C. Torres

  Grace C. Torres
  Treasurer and Principal Financial Officer
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