-----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, I078LtJN9T5XvB7FEnFxCWLQ5KRSLLgGx7KTjiC2PMp4b9Ux1jaL6mxZBwj7I9pC 5tuXOyUtijsc/uU1Km5YWw== 0000935069-04-001878.txt : 20041124 0000935069-04-001878.hdr.sgml : 20041124 20041124172624 ACCESSION NUMBER: 0000935069-04-001878 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040930 FILED AS OF DATE: 20041124 DATE AS OF CHANGE: 20041124 EFFECTIVENESS DATE: 20041124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTENNIAL CALIFORNIA TAX EXEMPT TRUST CENTRAL INDEX KEY: 0000854437 IRS NUMBER: 841121370 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-05871 FILM NUMBER: 041168134 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 N-Q 1 rq180_11970nq.txt RQ180_11970NQ.TXT 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 811-05871 Centennial California Tax Exempt Trust (Exact name of registrant as specified in charter) 6803 South Tucson Way, Centennial, Colorado 80112-3924 (Address of principal executive offices) (Zip code) Robert G. Zack, Esq. OppenheimerFunds, Inc. Two World Financial Center, New York, New York 10281-1008 (Name and address of agent for service) Registrant's telephone number, including area code: (303) 768-3200 Date of fiscal year end: June 30 Date of reporting period: September 30, 2004 ITEM 1. SCHEDULE OF INVESTMENTS. STATEMENT OF INVESTMENTS September 30, 2004 (Unaudited) ================================================================================ Centennial California Tax Exempt Trust
Principal Amount Value - -------------------------------------------------------------------------------------------------------------------------- SHORT-TERM TAX-EXEMPT OBLIGATIONS--100.0% - -------------------------------------------------------------------------------------------------------------------------- CALIFORNIA--99.2% ABAG FAU for Nonprofit Corporations RB, Valley Christian Schools, Series 2003, 1.68% 1 $ 7,000,000 $ 7,000,000 - -------------------------------------------------------------------------------------------------------------------------- CA Department of Water Resources Power Supply RB, Series C- 14, 1.70% 1 2,100,000 2,100,000 - -------------------------------------------------------------------------------------------------------------------------- CA Department of Water Resources Power Supply RB, Series C- 2, 1.70% 1 4,500,000 4,500,000 - -------------------------------------------------------------------------------------------------------------------------- CA Department of Water Resources Power Supply RB, Series C- 9, 1.70% 1 10,050,000 10,050,000 - -------------------------------------------------------------------------------------------------------------------------- CA Department of Water Resources Power Supply RRB, Central Valley Project, MERLOTS Series 2003 B32, 1.71% 1,2 1,995,000 1,995,000 - -------------------------------------------------------------------------------------------------------------------------- CA Economic Recovery Bonds, Series 2004 C-16, 1.70% 1 1,000,000 1,000,000 - -------------------------------------------------------------------------------------------------------------------------- CA EDFAU IDV RB, Applied Aerospace Structure Corp., Series 1998, 1.77% 1 2,600,000 2,600,000 - -------------------------------------------------------------------------------------------------------------------------- CA HFFAU RB, Kaiser Permanente, Series A, MSTFC Series 1998 26, 1.69% 1,2 5,000,000 5,000,000 - -------------------------------------------------------------------------------------------------------------------------- CA Infrastructure & ED Bank RB, Salvation Army Western Territory, Series 2001, 1.02%, 11/17/04 3 4,400,000 4,400,000 - -------------------------------------------------------------------------------------------------------------------------- CA Infrastructure & ED Bank RRB, Independent System Operator Corp. Project, Series 2000C, 1.72% 1 1,100,000 1,100,000 - -------------------------------------------------------------------------------------------------------------------------- CA MSR PPA RRB, San Juan Project, Sub. Lien, Series E, 1.70% 1 400,000 400,000 - -------------------------------------------------------------------------------------------------------------------------- CA PCFAU RRB, Pacific Gas & Electric, Series C, 1.74% 1 4,200,000 4,200,000 - -------------------------------------------------------------------------------------------------------------------------- CA PCFAU SWD RB, Burrtec Waste Industries, Series A, 1.75% 1 2,500,000 2,500,000 - -------------------------------------------------------------------------------------------------------------------------- CA SCDAU MH RB, Las Flores Apt. Project, Series 2004 JJ, 2.09% 1 10,000,000 10,000,000 - -------------------------------------------------------------------------------------------------------------------------- CA SCDAU RB, IDV-Fibrebond, Inc., 1.75% 1 520,000 520,000 - -------------------------------------------------------------------------------------------------------------------------- Hayward, CA MH RB, Lord Tennyson Apt. Project, Series 2004A, 2.09%, 1/31/05 1 8,000,000 8,000,000 - -------------------------------------------------------------------------------------------------------------------------- Livermore, CA COP, Capital Projects, 1.70% 1 400,000 400,000 - -------------------------------------------------------------------------------------------------------------------------- Long Beach, CA USD COP, Capital Improvement Refinancing Project, Series 2001, 1.69% 1 2,400,000 2,400,000 - -------------------------------------------------------------------------------------------------------------------------- Los Angeles, CA Community RA RB, Baldwin Hills Public Parking Facilities Project, Series 1984, 1.65% 1 300,000 300,000 - -------------------------------------------------------------------------------------------------------------------------- Los Angeles, CA Community RA RB, Skyline at Southpark Apts., Series 1985, 1.73% 1 1,500,000 1,500,000 - -------------------------------------------------------------------------------------------------------------------------- Los Angeles, CA USD GOB, AAMC Series 1999-7, 1.73% 1,2 6,000,000 6,000,000 - -------------------------------------------------------------------------------------------------------------------------- Los Angeles, CA Wastewater System GOB, AAMC Series 1998- 25, 1.71% 1,2 2,000,000 2,000,000 - -------------------------------------------------------------------------------------------------------------------------- Mt. Diablo, CA USD GOB, AAMC Series 2004-36, 1.71% 1,2 7,590,000 7,590,000 - -------------------------------------------------------------------------------------------------------------------------- Oakland, CA Joint Powers FAU Lease RB, Series 1998, 1.70% 1 2,900,000 2,900,000 - -------------------------------------------------------------------------------------------------------------------------- Oakland/Alameda Cnty., CA Coliseum Authority Lease RB, Coliseum Project, Series C-2, 1.68% 1 5,000,000 5,000,000 - -------------------------------------------------------------------------------------------------------------------------- Oceanside, CA MH RRB, Lakeridge Apts. Project, 1.68% 1 3,300,000 3,300,000 - -------------------------------------------------------------------------------------------------------------------------- Orange Cnty., CA Apt. Development RB, Niguel Summit 2, Series B, 1.65% 1 4,161,000 4,161,000 - -------------------------------------------------------------------------------------------------------------------------- Orange Cnty., CA MH HAU RB, Lantern Pines Project-CC, 1.65% 1 700,000 700,000 - -------------------------------------------------------------------------------------------------------------------------- San Bernardino Cnty., CA MH HAU RRB, Montclair Heritage-A, 1.53% 1 4,620,000 4,620,000 - -------------------------------------------------------------------------------------------------------------------------- San Bernardino Cnty., CA MH HAU RRB, Somerset Apts.-A, 1.68% 1 1,395,000 1,395,000 - -------------------------------------------------------------------------------------------------------------------------- San Diego Cnty., CA Regional Airport Authority RB, Lindbergh Field, Series B, 1.17%, 10/4/04 5,000,000 5,000,000 - -------------------------------------------------------------------------------------------------------------------------- San Diego, CA Water Utility Fund Net System GOB, AAMC Series 1998-10, 1.71% 1,2 1,650,000 1,650,000 - -------------------------------------------------------------------------------------------------------------------------- San Francisco, CA City & Cnty. PUC Clean Water RRB, MERLOTS Series 2003 B20, 1.71% 1,2 6,995,000 6,995,000 - -------------------------------------------------------------------------------------------------------------------------- Santa Clara Cnty., CA FAU Lease RB, Housing Authority Office Project, Series 2004A, 1.72% 1 3,550,000 3,550,000 - -------------------------------------------------------------------------------------------------------------------------- Santa Clara Cnty., CA Transit District RRB, Equipment Trust Certificates, Series 1985A, 1.70% 1 1,200,000 1,200,000 - -------------------------------------------------------------------------------------------------------------------------- Stockton, CA CFD No. 99-02 SPTX Bonds, Arch Road East, 1.70% 1 2,605,000 2,605,000 - -------------------------------------------------------------------------------------------------------------------------- University of California Regents RB, 1.38%, 11/15/04 7,500,000 7,500,000 - -------------------------------------------------------------------------------------------------------------------------- Vallejo, CA COP, Golf Course Facilities Financing Project, Series 2001, 1.76% 1 10,200,000 10,200,000 --------------- 146,331,000 - -------------------------------------------------------------------------------------------------------------------------- U.S. POSSESSIONS--0.8% PR CMWLTH Public Improvement GOUN, Puttable Tax Exempt Receipts, Series 491, 1.73% 1,2 1,200,000 1,200,000 - -------------------------------------------------------------------------------------------------------------------------- Total Investments, at Value (Cost $147,531,000) 100.0% 147,531,000 - -------------------------------------------------------------------------------------------------------------------------- Liabilities in Excess of Other Assets -- (65,527) -------------------------------------------- Net Assets 100.0% $ 147,465,473 ============================================ Footnotes to Statement of Investments To simplify the listings of securities, abbreviations are used per the table below: AAMC ABN AMRO Munitops Certificates CFD Community Facilities District CMWLTH Commonwealth COP Certificates of Participation ED Economic Development EDFAU Economic Development Finance Authority FAU Finance Authority GOB General Obligation Bonds GOUN General Obligation Unlimited Nts. HAU Housing Authority HFFAU Health Facilities Finance Authority IDV Industrial Development MERLOTS Municipal Exempt Receipts Liquidity Option Tender MH Multifamily Housing MSR Modesta Irrigation District of the City of Santa Clara and the City of Redding MSTFC Morgan Stanley & Co., Inc. Trust Floater Certificates PCFAU Pollution Control Finance Authority PPA Public Power Agency PUC Public Utilities Commission RA Redevelopment Agency/Authority RB Revenue Bonds RRB Revenue Refunding Bonds SCDAU Statewide Communities Development Authority SPTX Special Tax SWD Solid Waste Disposal USD Unified School District 1. Floating or variable rate obligation maturing in more than one year. The interest rate, which is based on specific, or an index of, market interest rates, is subject to change periodically and is the effective rate on September 30, 2004. This instrument has a demand feature which allows, on up to 30 days' notice, the recovery of principal at any time, or at specified intervals not exceeding one year. 2. Represents securities sold under Rule 144A, which are exempt from registration under the Securities Act of 1933, as amended. These securities have been determined to be liquid under guidelines established by the Board of Trustees. These securities amount to $31,230,000 or 21.18% of the Trust's net assets as of September 30, 2004. 3. Put obligation redeemable at full principal value on the date reported.
SECURITIES VALUATION. The net asset value of shares of the Trust is normally determined twice each day, at 12:00 Noon Eastern time and at 4:00 P.M. Eastern time on each day The New York Stock Exchange (the Exchange) is open for trading. Portfolio securities are valued on the basis of amortized cost, which approximates market value. ITEM 2. CONTROLS AND PROCEDURES. (a) Based on their evaluation of registrant's disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940 (17 CFR 270.30a-3(c)) as of September 30, 2004, registrant's principal executive officer and principal financial officer found registrant's disclosure controls and procedures to provide reasonable assurances that information required to be disclosed by registrant in the reports that it files under the Securities Exchange Act of 1934 (a) is accumulated and communicated to registrant's management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission. (b) There have been no significant changes in registrant's internal controls over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS. (a) Exhibits attached hereto. (Attach certifications as exhibits) EX-99.CERT 2 rq180_11970ex99cert.txt RQ180_11970EX99CERT.TXT Exhibit 99.CERT CERTIFICATIONS I, JOHN V. MURPHY, certify that: 1. I have reviewed this report on Form N-Q of Centennial California Tax Exempt Trust; 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 trustees (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. /s/ John V. Murphy - ---------------------------- John V. Murphy Chief Executive Officer Date: 11/16/04 Exhibit 99.CERT Section 302 Certifications CERTIFICATIONS I, BRIAN W. WIXTED, certify that: 1. I have reviewed this report on Form N-Q of Centennial California Tax Exempt Trust; 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 trustees (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. /s/ Brian W. Wixted - ---------------------------- Brian W. Wixted Chief Financial Officer Date: 11/16/04 -----END PRIVACY-ENHANCED MESSAGE-----