N-CSR 1 form-740.htm ANNUAL REPORT form-740
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549

FORM N-CSR 
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT 
INVESTMENT COMPANIES 
Investment Company Act file number 811-6489 

DREYFUS FLORIDA INTERMEDIATE MUNICIPAL BOND FUND 
(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:    12/31 
Date of reporting period:    12/31/06 

FORM N-CSR 

Item 1. Reports to Stockholders.

Dreyfus 
Florida Intermediate 
Municipal Bond Fund 

ANNUAL REPORT December 31, 2006

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The views expressed in this report reflect those of the portfolio manager only through the end of the period covered and do not necessarily represent the views of Dreyfus or any other person in the Dreyfus organization. Any such views are subject to change at any time based upon market or other conditions and Dreyfus disclaims any responsibility to update such views.These views may not be relied on as investment advice and, because investment decisions for a Dreyfus fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Dreyfus fund.

Not FDIC-Insured • Not Bank-Guaranteed • May Lose Value

Contents
 
    THE FUND 
2    A Letter from the CEO 
3    Discussion of Fund Performance 
6    Fund Performance 
7    Understanding Your Fund’s Expenses 
7    Comparing Your Fund’s Expenses 
With Those of Other Funds
8    Statement of Investments 
16    Statement of Assets and Liabilities 
17    Statement of Operations 
18    Statement of Changes in Net Assets 
19    Financial Highlights 
20    Notes to Financial Statements 
25    Report of Independent Registered 
    Public Accounting Firm 
26    Important Tax Information 
27    Board Members Information 
30    Officers of the Fund 
 
FOR MORE INFORMATION
    Back Cover 

The Fund

Dreyfus Florida Intermediate 
Municipal Bond Fund 

A LETTER FROM THE CEO

Dear Shareholder:

We are pleased to present this annual report for Dreyfus Florida Intermediate Municipal Bond Fund, covering the 12-month period from January 1, 2006, through December 31, 2006.

In 2006, the tax-exempt bond market achieved its seventh consecutive year of positive absolute returns, as measured by the performance of the Lehman Brothers Municipal Bond Index.Yet, a number of developments during the year might have suggested otherwise, including mounting economic uncertainty, volatile energy prices, softening real estate markets, a change in U.S. monetary policy and ongoing geopolitical turmoil.

Why did municipal bond investors appear to shrug off some of the year’s more negative influences? In our analysis, investors disregarded near-term concerns in favor of a longer view, looking to broader trends that showed moderately slower economic growth, subdued inflation, stabilizing short-term interest rates, a flat “yield curve” and strong fiscal conditions for most states and municipalities. Indeed, 2006 confirmed that reacting to near-term influences with extreme shifts in investment strategy rarely is the right decision.We believe that a better course is to set a portfolio mix to meet long-term goals, while attempting to ignore short term market fluctuations.

For information about how the fund performed during the reporting period, as well as market perspectives, we have provided a Discussion of Fund Performance given by the fund’s portfolio manager.

Thank you for your continued confidence and support.We wish you good health and prosperity in 2007.

2

DISCUSSION OF FUND PERFORMANCE

Douglas Gaylor, Portfolio Manager

How did Dreyfus Florida Intermediate Municipal Bond Fund perform relative to its benchmark?

For the 12-month period ended December 31, 2006, the fund achieved a total return of 3.24% .1 In comparison, the fund’s benchmark, the Lehman Brothers 7-Year Municipal Bond Index, achieved a total return of 3.98% for the same period.2

Despite heightened market volatility during the first half of the reporting period, stabilizing interest rates and robust investor demand generally supported higher municipal bond prices over the second half.The fund produced lower returns than its benchmark, due to its relatively short average duration during much of the reporting period and because the benchmark contains bonds from many states, not just Florida, and does not reflect fees and expenses.

Effective August 7, 2006, Douglas Gaylor became the fund’s portfolio manager.

What is the fund’s investment approach?

The fund seeks as high a level of current income exempt from federal income tax as is consistent with the preservation of capital.

To pursue this goal, the fund normally invests at least 80% of its assets in municipal bonds issued by the state of Florida, its political subdivisions, authorities and corporations, that provide income exempt from federal income tax and which enable the fund’s shares to be exempt from the Florida intangible personal property tax.The fund generally maintains a dollar-weighted average portfolio maturity between three and 10 years.

While the fund generally intends to invest only in investment-grade securities or the unrated equivalent as determined by Dreyfus, it does have the ability to invest up to 20% of its net assets in bonds rated below investment grade (“high yield” or “junk” bonds) or the unrated equivalent as determined by Dreyfus.

The Fund 3

  DISCUSSION OF FUND PERFORMANCE (continued)

We may buy and sell bonds based on credit quality, market outlook and yield potential. In selecting municipal bonds for investment, we may assess the current interest-rate environment and the municipal bond’s potential volatility in different rate environments.We focus on bonds with the potential to offer attractive current income, typically looking for bonds that can provide consistently attractive current yields or that are trading at competitive market prices.A portion of the fund’s assets may be allocated to “discount” bonds, which are bonds that sell at a price below their face value, or to “premium” bonds, which are bonds that sell at a price above their face value.The fund’s allocation to either discount bonds or to premium bonds will change along with our changing views of the current interest-rate and market environment.We also may look to select bonds that are most likely to obtain attractive prices when sold.

What other factors influenced the fund’s performance?

The municipal bond market’s returns were limited over the first half of the reporting period by robust economic growth and rising interest rates. Investors’ concerns intensified in May 2006, when hawkish comments from members of the Federal Reserve Board (the “Fed”) rekindled inflation fears. In fact, the Fed continued to raise the overnight federal funds rate to 5.25% by the end of June.

Investor sentiment subsequently improved, however, when softening housing markets indicated that U.S. economic growth and inflationary pressures were moderating. Accordingly, after more than two years of steady rate hikes, the Fed refrained from raising interest rates between July and December. Longer-term municipal bonds rallied over the reporting period’s second half as investors reacted to the Fed’s pause.

Like many other states, Florida’s fiscal condition benefited from the strong U.S. economy, and the state received more tax revenue than originally projected. Although the supply of newly issued Florida municipal bonds rose compared to the same period one year earlier, investor demand remained robust from investors seeking competitive

4

levels of federally tax-exempt income. However, Florida’s municipal bonds also were affected by the repeal of the state’s intangibles tax, erasing their trading “premium” and causing prices and yields to move closer to national averages.

The fund’s performance compared to its benchmark was hindered by its relatively short average duration over the first half of the year, which prevented it from participating more fully in the market rally.Although we increased the fund’s average duration over the second half, it was not enough to fully offset earlier weakness. In addition, because yield differences between lower-quality and higher-quality bonds had narrowed toward historically low levels, we generally maintained our focus on securities with higher credit ratings. However, lower-rated credits continued to outperform higher-quality securities in 2006.

What is the fund’s current strategy?

Recently mixed economic and inflation data indicate to us that the Fed is unlikely to raise interest rates over the foreseeable future.At the same time, demand for municipal bonds has remained robust from traditional and new market participants. Therefore, in anticipation of a further narrowing of yield differences along the market’s maturity spectrum, we intend to maintain the fund’s average duration in a range that is slightly longer than industry averages.

January 16, 2007

1    Total return includes reinvestment of dividends and any capital gains paid. Past performance is no 
    guarantee of future results. Share price, yield and investment return fluctuate such that upon 
    redemption, fund shares may be worth more or less than their original cost. Income may be subject 
    to state and local taxes, and some income may be subject to the federal alternative minimum tax 
    (AMT) for certain investors. Capital gains, if any, are fully taxable. 
2    SOURCE: LIPPER INC. — Reflects reinvestment of dividends and, where applicable, capital 
    gain distributions.The Lehman Brothers 7-Year Municipal Bond Index is an unmanaged total 
    return performance benchmark for the investment-grade, geographically unrestricted 7-year, tax- 
    exempt bond market, consisting of municipal bonds with maturities of 6-8 years. Index returns do 
    not reflect the fees and expenses associated with operating a mutual fund. 

The Fund 5

FUND PERFORMANCE

Average Annual Total Returns    as of 12/31/06         
 
    1 Year    5 Years    10 Years 
Fund    3.24%    3.94%    4.16% 
† Source: Lipper Inc.             
Past performance is not predictive of future performance.The fund’s performance shown in the graph and table does not 
reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. 
The above graph compares a $10,000 investment made in Dreyfus Florida Intermediate Municipal Bond Fund on 
12/31/96 to a $10,000 investment made in the Lehman Brothers 7-Year Municipal Bond Index (the “Index”) on 
that date. All dividends and capital gain distributions are reinvested.         
The fund invests primarily in Florida municipal securities and its performance shown in the line graph takes into account 
fees and expenses.The Index is not limited to investments principally in Florida municipal obligations and does not take 
into account charges, fees and other expenses.The Index, unlike the fund, is an unmanaged, total return performance 
benchmark for the investment-grade, geographically unrestricted 7-year tax-exempt bond market, consisting of municipal 
bonds with maturities of 6-8 years.These factors can contribute to the Index potentially outperforming or underperforming 
the fund. Further information relating to fund performance, including expense reimbursements, if applicable, is contained 
in the Financial Highlights section of the prospectus and elsewhere in this report.         

6

UNDERSTANDING YOUR FUND’S EXPENSES(Unaudited)

As a mutual fund investor, you pay ongoing expenses, such as management fees and other expenses. Using the information below, you can estimate how these expenses affect your investment and compare them with the expenses of other funds.You also may pay one-time transaction expenses, including sales charges (loads) and redemption fees, which are not shown in this section and would have resulted in higher total expenses. For more information, see your fund’s prospectus or talk to your financial adviser.

Review your fund’s expenses

The table below shows the expenses you would have paid on a $1,000 investment in Dreyfus Florida Intermediate Municipal Bond Fund from July 1, 2006 to December 31, 2006. It also shows how much a $1,000 investment would be worth at the close of the period, assuming actual returns and expenses.

Expenses and Value of a $1,000 Investment 
assuming actual returns for the six months ended December 31, 2006 
 
Expenses paid per $1,000 †    $ 4.05 
Ending value (after expenses)    $1,034.10 

COMPARING YOUR FUND’S EXPENSES 
WITH THOSE OF OTHER FUNDS (Unaudited) 

Using the SEC’s method to compare expenses

The Securities and Exchange Commission (SEC) has established guidelines to help investors assess fund expenses. Per these guidelines, the table below shows your fund’s expenses based on a $1,000 investment, assuming a hypothetical 5% annualized return. You can use this information to compare the ongoing expenses (but not transaction expenses or total cost) of investing in the fund with those of other funds.All mutual fund shareholder reports will provide this information to help you make this comparison. Please note that you cannot use this information to estimate your actual ending account balance and expenses paid during the period.

Expenses and Value of a $1,000 Investment 
assuming a hypothetical 5% annualized return for the six months ended December 31, 2006 
 
Expenses paid per $1,000 †    $ 4.02 
Ending value (after expenses)    $1,021.22 
 
† Expenses are equal to the fund’s annualized expense ratio of .79%, multiplied by the average account value over the 
period, multiplied by 184/365 (to reflect the one-half year period). 

The Fund 7

STATEMENT OF INVESTMENTS 
December 31, 2006 

Long-Term Municipal    Coupon    Maturity    Principal     
Investments—96.8%    Rate (%)    Date    Amount ($)    Value ($) 
Florida—87.1%                 
Bay County,                 
Sales Tax Revenue                 
(Insured; AMBAC)    5.00    9/1/24    3,325,000    3,574,142 
Brevard County,                 
Local Option Fuel Tax Revenue                 
(Insured; FGIC)    5.00    8/1/23    1,260,000    1,342,769 
Brevard County Health Facilities                 
Authority, Revenue (Holmes                 
Regional Medical Center)                 
(Insured; MBIA)    5.30    10/1/07    3,000,000    3,033,240 
Broward County School Board,                 
COP (Insured; FSA)    5.50    7/1/11    4,715,000 a    5,115,445 
Capital Projects Finance                 
Authority, Student Housing                 
Revenue (Capital Projects Loan                 
Program) (Insured; MBIA)    5.50    10/1/16    4,285,000    4,583,536 
Clay County Housing Finance                 
Authority, Revenue                 
(Multi-County Program)                 
(Collateralized: FNMA and GNMA)    4.85    10/1/11    375,000    383,340 
Collier County School Board,                 
COP (Master Lease Program                 
Agreement) (Insured; FSA)    5.25    2/15/20    3,500,000    3,929,940 
Collier County School Board,                 
COP (Master Lease Program                 
Agreement) (Insured; FSA)    5.25    2/15/22    2,000,000    2,258,480 
Dade County,                 
Special Obligation Revenue                 
(Insured; AMBAC)    0.00    10/1/10    6,825,000    5,917,685 
Dade County,                 
Water and Sewer System                 
Revenue (Insured; FGIC)    6.25    10/1/11    2,115,000    2,347,587 
Florida Board of Education,                 
Lottery Revenue (Insured; FGIC)    5.25    7/1/18    9,330,000    9,862,930 
Florida Board of Education,                 
Lottery Revenue (Insured; FGIC)    5.25    7/1/18    2,500,000    2,698,225 
Florida Board of Education,                 
Lottery Revenue (Insured; FGIC)    5.25    7/1/19    3,675,000    3,884,916 

8

Long-Term Municipal    Coupon    Maturity    Principal     
Investments (continued)    Rate (%)    Date    Amount ($)    Value ($) 
Florida (continued)                 
Florida Department of                 
Transportation,                 
Turnpike Revenue    5.25    7/1/23    1,945,000    2,051,819 
Florida Education System,                 
University of Florida Housing                 
Revenue (Insured; FGIC)    5.00    7/1/22    2,055,000    2,206,926 
Florida Municipal Power Agency,             
Revenue (Stanton II Project)                 
(Insured; AMBAC)    5.50    10/1/15    3,635,000    3,967,639 
Florida Ports Financing                 
Commission, Revenue                 
(Transportation Trust Fund—                 
Intermodal Program)                 
(Insured; FGIC)    5.50    10/1/16    1,745,000    1,834,484 
Florida Water Pollution Control                 
Financing Corp., Water PCR    5.25    1/15/21    2,545,000    2,765,422 
Hillsborough County,                 
GO (Unincorporated Area Parks             
and Recreation Program)                 
(Insured; MBIA)    5.00    7/1/22    1,155,000    1,289,627 
Hillsborough County,                 
Utility Revenue                 
(Insured; AMBAC)    5.50    8/1/14    3,205,000    3,573,030 
Hillsborough County Industrial                 
Development Authority, HR                 
(Tampa General Hospital)    5.25    10/1/15    3,000,000    3,196,110 
Hillsborough County School Board,             
COP (Insured; MBIA)    5.00    7/1/16    2,625,000    2,729,212 
Indian River County,                 
GO (Insured; MBIA)    5.00    7/1/20    2,265,000    2,449,144 
Indian Trace Development District,             
Water Management Special                 
Benefit Assessment                 
(Insured; MBIA)    5.00    5/1/20    1,500,000    1,625,265 
Jacksonville,                 
Guaranteed Entitlement                 
Revenue (Improvement)                 
(Insured; FGIC)    5.38    10/1/16    3,080,000    3,332,129 

The Fund 9

  STATEMENT OF INVESTMENTS (continued)
Long-Term Municipal    Coupon    Maturity    Principal     
Investments (continued)    Rate (%)    Date    Amount ($)    Value ($) 
Florida (continued)                 
Jacksonville,                 
Sales Tax Revenue                 
(Insured; AMBAC)    5.50    10/1/14    1,500,000    1,615,305 
Jacksonville,                 
Sales Tax Revenue                 
(Insured; AMBAC)    5.50    10/1/15    1,500,000    1,615,305 
Jacksonville,                 
Sales Tax Revenue (River City             
Renaissance Project)                 
(Insured; FGIC)    5.13    10/1/18    2,500,000    2,508,750 
Lakeland,                 
Electric and Water Revenue    5.90    10/1/07    2,385,000    2,426,189 
Lee County,                 
Transportation Facilities                 
Revenue (Insured; AMBAC)    5.50    10/1/15    2,500,000    2,692,175 
Martin County,                 
Utility System Revenue                 
(Insured; FGIC)    5.50    10/1/12    1,065,000    1,164,940 
Martin County,                 
Utility System Revenue                 
(Insured; FGIC)    5.50    10/1/13    1,485,000    1,642,455 
Miami,                 
Limited Ad Valorem Tax                 
(Homeland Defense/Neighborhood             
Capital Improvement Projects)             
(Insured; MBIA)    5.50    1/1/16    3,000,000    3,238,980 
Miami-Dade County,                 
Public Service Tax Revenue                 
(UMSA Public Improvements)             
(Insured; AMBAC)    5.50    4/1/16    2,190,000    2,377,442 
Miami-Dade County,                 
Transit System Sales Surtax                 
Revenue (Insured; XLCA)    5.00    7/1/24    2,530,000    2,706,720 
Miami-Dade County School Board,             
COP (Miami-Dade County School             
Board Foundation, Inc.)                 
(Insured; AMBAC)    5.00    11/1/26    3,000,000    3,192,870 
Northern Palm Beach County                 
Improvement District, Water                 
Control and Improvement (Unit             
of Development Number 5B)    5.75    8/1/09    795,000 a    822,054 

10

Long-Term Municipal    Coupon    Maturity    Principal     
Investments (continued)    Rate (%)    Date    Amount ($)    Value ($) 
Florida (continued)                 
Okaloosa County,                 
Water and Sewer Revenue                 
(Insured; FSA)    4.50    7/1/24    2,620,000    2,655,422 
Orange County,                 
Tourist Development Tax                 
Revenue (Insured; AMBAC)    5.00    10/1/15    1,010,000    1,043,774 
Orange County Health Facilities                 
Authority, HR (Orlando Regional                 
Healthcare) (Insured; MBIA)    6.25    10/1/11    1,770,000    1,968,718 
Palm Bay,                 
Educational Facilities Revenue                 
(Patriot Charter School Project)    6.75    7/1/22    3,000,000    3,312,900 
Palm Beach County,                 
Criminal Justice Facilities                 
Revenue (Insured; FGIC)    5.38    6/1/10    1,825,000    1,926,981 
Palm Beach County,                 
Public Improvement Revenue                 
(Convention Center Project)                 
(Insured; FGIC)    5.50    11/1/11    1,785,000 a    1,930,585 
Palm Beach County School Board,                 
COP (Insured; FGIC)    6.00    8/1/10    4,000,000 a    4,342,160 
Palm Beach County School Board,                 
COP (Insured; FSA)    5.50    8/1/12    4,910,000 a    5,356,270 
Polk County,                 
Constitutional Fuel Tax                 
Revenue Improvement                 
(Insured; MBIA)    5.00    12/1/19    1,330,000    1,444,247 
Saint Johns County,                 
Sales Tax Revenue (Insured; MBIA)    5.00    10/1/25    1,545,000    1,656,425 
Sarasota County School Board,                 
COP (Master Lease Program)                 
(Insured; FGIC)    5.00    7/1/15    1,000,000    1,080,860 
Seminole County,                 
Water and Sewer Revenue    5.00    10/1/21    1,050,000    1,125,653 
Seminole County,                 
Water and Sewer Revenue    5.00    10/1/22    4,530,000    4,849,456 
Tampa,                 
Cigarette Tax Allocation Revenue                 
(H. Lee Moffitt Cancer Research                 
Project) (Insured; AMBAC)    5.00    3/1/08    2,000,000    2,033,940 

The Fund 11

  STATEMENT OF INVESTMENTS (continued)
Long-Term Municipal    Coupon    Maturity    Principal     
Investments (continued)    Rate (%)    Date    Amount ($)    Value ($) 
Florida (continued)                 
Tampa Bay,                 
Water Utility Systems                 
Revenue (Insured; FGIC)    5.13    10/1/08    3,205,000 a    3,318,745 
Volusia County School Board,                 
Sales Tax Revenue (Insured; FSA)    5.38    10/1/15    4,000,000    4,338,200 
U.S. Related—9.7%                 
Children’s Trust Fund of Puerto                 
Rico, Tobacco Settlement                 
Asset-Backed Bonds    5.75    7/1/10    1,000,000 a    1,070,720 
Children’s Trust Fund of Puerto                 
Rico, Tobacco Settlement                 
Asset-Backed Bonds    5.75    7/1/10    3,000,000 a    3,212,160 
Puerto Rico Commonwealth,                 
Public Improvement    5.25    7/1/23    1,500,000    1,625,445 
Puerto Rico Highway and                 
Transportation Authority,                 
Highway Revenue (Insured; MBIA)    5.50    7/1/13    2,500,000    2,706,250 
Puerto Rico Highway and                 
Transportation Authority,                 
Transportation Revenue                 
(Insured; MBIA)    5.25    7/1/12    2,440,000    2,522,692 
Puerto Rico Infrastructure                 
Financing Authority, Special                 
Tax Revenue    5.00    7/1/16    1,510,000    1,620,396 
Puerto Rico Public Buildings                 
Authority, Guaranteed Revenue                 
(Government Facilities)                 
(Insured; XLCA)    5.25    7/1/20    2,000,000    2,269,000 
Virgin Islands Public Finance                 
Authority, Revenue, Virgin                 
Islands Gross Receipts                 
Taxes Loan Note    5.63    10/1/10    1,425,000    1,463,660 
Total Long-Term Municipal Investments             
(cost $158,876,680)                164,830,886 

12

Short-Term Municipal    Coupon    Maturity    Principal     
Investment—1.6%    Rate (%)    Date    Amount ($)    Value ($) 
Florida;                 
Broward County Health Facilities                 
Authority, Revenue, Refunding             
(John Knox Village of Florida,                 
Inc. Project) (Insured; Radian                 
Bank and Liquidity Facility;                 
SunTrust Bank)                 
(cost $2,800,000)    4.05    1/1/07    2,800,000 b    2,800,000 
 
Total Investments (cost $161,676,680)        98.4%    167,630,886 
 
Cash and Receivables (Net)            1.6%    2,712,847 
 
Net Assets            100.0%    170,343,733 
 
a 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.     
b Securities payable on demand.Variable interest rate—subject to periodic change.     
c At December 31, 2006, 26.7% of the fund’s net assets are insured by FGIC.     

The Fund 13

  STATEMENT OF INVESTMENTS (continued)
Summary of Abbreviations         
 
ACA    American Capital Access    AGC    ACE Guaranty Corporation 
AGIC    Asset Guaranty Insurance    AMBAC    American Municipal Bond 
    Company        Assurance Corporation 
ARRN    Adjustable Rate Receipt Notes    BAN    Bond Anticipation Notes 
BIGI    Bond Investors Guaranty Insurance    BPA    Bond Purchase Agreement 
CGIC    Capital Guaranty Insurance    CIC    Continental Insurance 
    Company        Company 
CIFG    CDC Ixis Financial Guaranty    CMAC    Capital Market Assurance 
            Corporation 
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    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 Corporation 
MFHR    Multi-Family Housing Revenue    MFMR    Multi-Family Mortgage Revenue 
PCR    Pollution Control Revenue    PILOT    Payment in Lieu of Taxes 
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 

14

Summary of Combined Ratings (Unaudited)     
 
Fitch    or Moody’s    or    Standard & Poor’s    Value (%) † 
AAA    Aaa        AAA    86.3 
AA    Aa        AA    4.8 
A        A        A    1.9 
BBB    Baa        BBB    2.8 
F1    MIG1/P1        SP1/A1    1.7 
Not Rated d    Not Rated d        Not Rated d    2.5 
                    100.0 
 
†    Based on total investments.             
d    Securities which, while not rated by Fitch, Moody’s and Standard & Poor’s, have been determined by the Manager to 
    be of comparable quality to those rated securities in which the fund may invest.     
See notes to financial statements.             

The Fund 15

STATEMENT OF ASSETS AND LIABILITIES 
December 31, 2006 

    Cost    Value 
Assets ($):         
Investments in securities—See Statement of Investments    161,676,680    167,630,886 
Cash        323,313 
Interest receivable        2,825,105 
Receivable for shares of Beneficial Interest subscribed        944 
Prepaid expenses        6,426 
        170,786,674 
Liabilities ($):         
Due to The Dreyfus Corporation and affiliates—Note 3(b)        99,443 
Payable for shares of Beneficial Interest redeemed        278,433 
Accrued expenses        65,065 
        442,941 
Net Assets ($)        170,343,733 
Composition of Net Assets ($):         
Paid-in capital        164,033,876 
Accumulated undistributed investment income—net        34,735 
Accumulated net realized gain (loss) on investments        320,916 
Accumulated net unrealized appreciation         
(depreciation) on investments        5,954,206 
Net Assets ($)        170,343,733 
Shares Outstanding         
( unlimited number of $.001 par value shares of Beneficial Interest authorized)    13,118,552 
Net Asset Value, offering and redemption price per share-Note3(d) ($)    12.98 

  See notes to financial statements.

16

STATEMENT OF OPERATIONS 
Year Ended December 31, 2006 

Investment Income ($):     
Interest Income    8,272,016 
Expenses:     
Management fee—Note 3(a)    1,076,129 
Shareholder servicing costs—Note 3(b)    174,565 
Professional fees    45,240 
Trustees’ fees and expenses—Note 3(c)    35,299 
Custodian fees    19,616 
Registration fees    17,096 
Prospectus and shareholders’ reports    16,448 
Loan commitment fees—Note 2    1,515 
Miscellaneous    22,164 
Total Expenses    1,408,072 
Investment Income—Net    6,863,944 
Realized and Unrealized Gain (Loss) on Investments—Note 4 ($): 
Net realized gain (loss) on investments    321,445 
Net unrealized appreciation (depreciation) on investments    (1,605,071) 
Net Realized and Unrealized Gain (Loss) on Investments    (1,283,626) 
Net Increase in Net Assets Resulting from Operations    5,580,318 

See notes to financial statements.

The Fund 17

STATEMENT OF CHANGES IN NET ASSETS

    Year Ended December 31, 
    2006    2005 
Operations ($):         
Investment income—net    6,863,944    7,648,551 
Net realized gain (loss) on investments    321,445    1,081,927 
Net unrealized appreciation         
(depreciation) on investments    (1,605,071)    (5,932,795) 
Net Increase (Decrease) in Net Assets         
Resulting from Operations    5,580,318    2,797,683 
Dividends to Shareholders from ($):         
Investment income—net    (6,848,552)    (7,629,208) 
Net realized gain on investments    (112,630)    (974,461) 
Total Dividends    (6,961,182)    (8,603,669) 
Beneficial Interest Transactions ($):         
Net proceeds from shares sold    8,251,759    12,847,319 
Dividends reinvested    4,711,046    5,823,507 
Cost of shares redeemed    (36,034,502)    (37,625,199) 
Increase (Decrease) in Net Assets         
from Beneficial Interest Transactions    (23,071,697)    (18,954,373) 
Total Increase (Decrease) in Net Assets    (24,452,561)    (24,760,359) 
Net Assets ($):         
Beginning of Period    194,796,294    219,556,653 
End of Period    170,343,733    194,796,294 
Undistributed investment income—net    34,735    19,343 
Capital Share Transactions (Shares):         
Shares sold    637,119    968,997 
Shares issued for dividends reinvested    363,612    439,784 
Shares redeemed    (2,780,902)    (2,827,932) 
Net Increase (Decrease) in Shares Outstanding    (1,780,171)    (1,419,151) 

  See notes to financial statements.

18

FINANCIAL HIGHLIGHTS

The following tables describe the performance for the fiscal periods indicated.Total return shows how much your investment in the fund would have increased (or decreased) during each period, assuming you had reinvested all dividends and dis-tributions.These figures have been derived from the portfolio’s financial statements.

        Year Ended December 31,     
    2006    2005    2004    2003    2002 
Per Share Data ($):                     
Net asset value, beginning of period    13.07    13.45    13.63    13.64    13.15 
Investment Operations:                     
Investment income—net a    .50    .50    .49    .49    .53 
Net realized and unrealized                     
gain (loss) on investments    (.09)    (.31)    (.16)    .04    .60 
Total from Investment Operations    .41    .19    .33    .53    1.13 
Distributions:                     
Dividends from investment income—net    (.49)    (.50)    (.49)    (.49)    (.53) 
Dividends from net realized                     
gain on investments    (.01)    (.07)    (.02)    (.05)    (.11) 
Total Distributions    (.50)    (.57)    (.51)    (.54)    (.64) 
Net asset value, end of period    12.98    13.07    13.45    13.63    13.64 
Total Return (%)    3.24    1.38    2.49    4.00    8.75 
Ratios/Supplemental Data (%):                     
Ratio of total expenses                     
to average net assets    .79    .80    .79    .79    .80 
Ratio of net investment income                     
to average net assets    3.83    3.75    3.63    3.64    3.96 
Portfolio Turnover Rate    29.38    25.86    12.63    20.68    33.26 
Net Assets, end of period ($ x 1,000)    170,344    194,796    219,557    241,153    254,810 
 
a Based on average shares outstanding at each month end.                 
See notes to financial statements.                     

The Fund 19

NOTES TO FINANCIAL STATEMENTS

NOTE 1—Significant Accounting Policies:

Dreyfus Florida Intermediate Municipal Bond Fund (the “fund”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as a non-diversified open-end management investment com-pany.The fund’s investment objective is to provide investors with as high a level of income exempt from federal income tax as is consistent with the preservation of capital.The Dreyfus Corporation (the “Manager” or “Dreyfus”) serves as the fund’s investment adviser. The Manager is a wholly-owned subsidiary of Mellon Financial Corporation (“Mellon Financial”). Dreyfus Service Corporation (the “Distributor”), a wholly-owned subsidiary of the Manager, is the distributor of the fund’s shares, which are sold to the public without a sales charge.

On December 4, 2006, Mellon Financial and The Bank of New York Company, Inc. announced that they had entered into a definitive agreement to merge. The new company will be called The Bank of New York Mellon Corporation. As part of this transaction, Dreyfus would become a wholly-owned subsidiary of The Bank of New York Mellon Corporation.The transaction is subject to certain regulatory approvals and the approval of The Bank of New York Company, Inc.’s and Mellon Financial’s shareholders, as well as other customary conditions to closing. Subject to such approvals and the satisfaction of the other conditions, Mellon Financial and The Bank of New York Company, Inc. expect the transaction to be completed in the third quarter of 2007.

The fund’s financial statements are prepared in accordance with U.S. generally accepted accounting principles, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fund enters into contracts that contain a variety of indemnifications. The fund’s maximum exposure under these arrangements is unknown.The fund does not anticipate recognizing any loss related to these arrangements.

20

(a) Portfolio valuation: Investments in securities are valued each business day by an independent pricing service (the “Service”) approved by the Board of Trustees. Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Other investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Service, based on methods which include consideration of: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions.

On September 20, 2006, the Financial Accounting Standards Board (FASB) released Statement of Financial Accounting Standards No. 157 “Fair Value Measurements” (“FAS 157”). FAS 157 establishes an authoritative definition of fair value, sets out a framework for measuring fair value, and requires additional disclosures about fair-value mea-surements.The application of FAS 157 is required for fiscal years beginning after November 15, 2007 and interim periods within those fiscal years. Management does not believe that the application of this standard will have a material impact on the financial statements of the fund.

(b) Securities transactions and investment income: Securities transactions are recorded on a trade date basis. Realized gain and loss from securities transactions are recorded on the identified cost basis. Interest income, adjusted for accretion of discount and amortization of premium on investments, is earned from settlement date and recognized on the accrual basis. Securities purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date.

The fund has an arrangement with the custodian bank whereby the fund receives earnings credits from the custodian when positive cash

The Fund 21

NOTES TO FINANCIAL STATEMENTS (continued)

balances are maintained, which are used to offset custody fees. For financial reporting purposes, the fund includes net earnings credits, if any, as an expense offset in the Statement of Operations.

The fund follows an investment policy of investing primarily in municipal obligations of one state. Economic changes affecting the state and certain of its public bodies and municipalities may affect the ability of issuers within the state to pay interest on, or repay principal of, municipal obligations held by the fund.

(c) Dividends to shareholders: It is the policy of the fund to declare dividends daily from investment income-net. Such dividends are paid monthly. Dividends from net realized capital gain, if any, are normally declared and paid annually, but the fund may make distributions on a more frequent basis to comply with the distribution requirements of the Internal Revenue Code of 1986, as amended (the “Code”).To the extent that net realized capital gain can be offset by capital loss carryovers it is the policy of the fund not to distribute such gain. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. generally accepted accounting principles.

(d) Federal income taxes: It is the policy of the fund to continue to qualify as a regulated investment company, which can distribute tax exempt dividends, by complying with the applicable provisions of the Code, and to make distributions of income and net realized capital gain sufficient to relieve it from substantially all federal income and excise taxes.

On July 13, 2006, the FASB released FASB Interpretation No. 48 “Accounting for Uncertainty in Income Taxes” (FIN 48). FIN 48 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. FIN 48 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the fund’s tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority.Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense

22

in the current year. Adoption of FIN 48 is required for fiscal years beginning after December 15, 2006 and is to be applied to all open tax years as of the effective date. Management does not believe that the application of this standard will have a material impact on the financial statements of the fund.

At December 31, 2006, the components of accumulated earnings on a tax basis were as follows: undistributed tax exempt income $86,071, undistributed capital gains $320,916 and unrealized appreciation $5,954,206.

The tax character of distributions paid to shareholders during the fiscal periods ended December 31, 2006 and December 31, 2005 were as follows: tax exempt income $6,848,552 and $7,629,208 and long-term capital gains $112,630 and $974,461, respectively.

NOTE 2—Bank Line of Credit:

The fund participates with other Dreyfus-managed funds in a $350 million redemption credit facility (the”Facility”) to be utilized for temporary or emergency purposes, including the financing of redemptions. In connection therewith, the fund has agreed to pay commitment fees on its pro rata portion of the Facility. Interest is charged to the fund based on prevailing market rates in effect at the time of borrowing. During the period ended December 31, 2006, the fund did not borrow under the Facility.

NOTE 3—Management Fee and Other Transactions With Affiliates:

(a) Pursuant to a management agreement (“Agreement”) with the Manager, the management fee is computed at the annual rate of .60% of the value of the fund’s average daily net assets and is payable monthly.

(b) Under the fund’s Shareholder Services Plan, the fund reimburses the Distributor an amount not to exceed an annual rate of .25% of the value of the fund’s average daily net assets for certain allocated expenses of providing personal services and/or maintaining shareholder accounts.The services provided may include personal services relating

The Fund 23

NOTES TO FINANCIAL STATEMENTS (continued)

to shareholder accounts, such as answering shareholder inquiries regarding the fund and providing reports and other information, and services related to the maintenance of shareholder accounts. During the period ended December 31, 2006, the fund was charged of $103,891 pursuant to the Shareholder Services Plan.

The fund compensates Dreyfus Transfer, Inc., a wholly-owned subsidiary of the Manager, under a transfer agency agreement for providing personnel and facilities to perform transfer agency services for the fund. During the period ended December 31, 2006, the fund was charged $62,130 pursuant to the transfer agency agreement.

During the period ended December 31, 2006, the fund was charged $4,204 for services performed by the Chief Compliance Officer.

The components of Due to The Dreyfus Corporation and affiliates in the Statement of Assets and Liabilities consist of: management fees $87,044, chief compliance officer fees $2,044 and transfer agency per account fees $10,355.

(c) Each Board member also serves as a Board member of other funds within the Dreyfus complex. Annual retainer fees and attendance fees are allocated to each fund based on net assets.

(d) A 1% redemption fee is charged and retained by the fund on certain shares redeemed within thirty days following the date of issuance, including redemptions made through the use of the fund’s exchange privilege.

NOTE 4—Securities Transactions:

The aggregate amount of purchases and sales of investment securities, excluding short-term securities, during the period ended December 31, 2006, amounted to $52,119,814 and $76,598,456, respectively.

At December 31, 2006, the cost of investments for federal income tax purposes was $161,676,680; accordingly, accumulated net unrealized appreciation on investments was $5,954,206, consisting of $5,962,073 gross unrealized appreciation and $7,867 gross unrealized depreciation.

24

REPORT OF INDEPENDENT REGISTERED 
PUBLIC ACCOUNTING FIRM 

Shareholders and Board of Trustees 
Dreyfus Florida Intermediate Municipal Bond Fund 

We have audited the accompanying statement of assets and liabilities of Dreyfus Florida Intermediate Municipal Bond Fund, including the statement of investments, as of December 31, 2006, and the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended and financial highlights for each of the years indicated therein. These financial statements and financial highlights are the responsibility of the Fund’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement.We were not engaged to perform an audit of the Fund’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of December 31, 2006 by correspondence with the custodian and others. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Dreyfus Florida Intermediate Municipal Bond Fund at December 31, 2006, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the indicated periods, in conformity with U.S. generally accepted accounting principles.

New York, New York 
February 15, 2007 

The Fund 25

IMPORTANT TAX INFORMATION (Unaudited)

In accordance with federal tax law, the fund hereby makes the following designations regarding its fiscal year ended December 31, 2006:

—all the dividends paid from investment income-net during the fiscal year ended December 31, 2006 as “exempt-interest dividends” (not subject to regular federal income tax and, for residents of Florida, not subject to taxation by Florida), and

—the fund hereby designates $.0083 per share as a long-term capital gain distribution paid on July 21, 2006.

As required by federal tax law rules, shareholders will receive notification of their portion of the fund’s taxable ordinary dividends (if any) and capital gains (if any) distributions paid for the 2006 calendar year on Form 1099-DIV and their portion of the fund’s exempt-interest dividends paid for the 2006 calendar year on Form 1099-INT, both which will be mailed by January 31, 2007.

26

BOARD MEMBERS INFORMATION (Unaudited)

Joseph S. DiMartino (63) 
Chairman of the Board (1995) 

Principal Occupation During Past 5 Years: 
• Corporate Director and Trustee 

Other Board Memberships and Affiliations:

  • The Muscular Dystrophy Association, Director
  • Century Business Services, Inc., a provider of outsourcing functions for small and medium size companies, Director
  • The Newark Group, a provider of a national market of paper recovery facilities, paperboard mills and paperboard converting plants, Director
  • Sunair Services Corporation, engaging in the design, manufacture and sale of high frequency systems for long-range voice and data communications, as well as providing certain outdoor-related services to homes and businesses, Director

No. of Portfolios for which Board Member Serves: 190

———————

Gordon J. Davis (65) 
Board Member (1993) 

Principal Occupation During Past 5 Years:

  • Partner in the law firm of LeBoeuf, Lamb, Greene & MacRae, LLP
  • President, Lincoln Center for the Performing Arts, Inc. (2001)

Other Board Memberships and Affiliations:

  • Consolidated Edison, Inc., a utility company, Director
  • Phoenix Companies Inc., a life insurance company, Director
  • Board Member/Trustee for several not-for-profit groups

No. of Portfolios for which Board Member Serves: 39

———————

David P. Feldman (67) 
Board Member (1985) 

Principal Occupation During Past 5 Years: 
• Corporate Director and Trustee 

Other Board Memberships and Affiliations:

  • BBH Mutual Funds Group (11 funds), Director
  • The Jeffrey Company, a private investment company, Director
  • QMED, a medical device company, Director

No. of Portfolios for which Board Member Serves: 57

The Fund 27

BOARD MEMBERS INFORMATION (Unaudited) (continued)

Lynn Martin (67) 
Board Member (1993) 

Principal Occupation During Past 5 Years:

  • Advisor to the international accounting firm of Deloitte & Touche, LLP and Chair to its Council for the Advancement of Women from March 1993-September 2005
  • Advisor to Ameritech (11/05 to present)

Other Board Memberships and Affiliations:

  • SBC Communications, Inc., Director
  • AT&T Inc., Director
  • Ryder System, Inc., a supply chain and transportation management company, Director
  • The Proctor & Gamble Co., a consumer products company, Director
  • Constellation Energy Group, Director
  • Chicago Council on Foreign Relations

No. of Portfolios for which Board Member Serves: 9

———————

Daniel Rose (77) 
Board Member (1992) 

  Principal Occupation During Past 5 Years:
  • Chairman and Chief Executive Officer of Rose Associates, Inc., a New York based real estate development and management firm
  Other Board Memberships and Affiliations:
  • Baltic-American Enterprise Fund,Vice Chairman and Director
  • Harlem Educational Activities Fund, Inc., Chairman
  • Housing Committee of the Real Estate Board of New York, Inc., Director

No. of Portfolios for which Board Member Serves: 41

———————

Philip L. Toia (73) 
Board Member (1997) 

Principal Occupation During Past 5 Years: 
• Retired 

No. of Portfolios for which Board Member Serves: 9

28
Sander Vanocur (78) 
Board Member (1992) 

Principal Occupation During Past 5 Years: 
• President, Old Owl Communications 

No. of Portfolios for which Board Member Serves: 41

———————

Anne Wexler (76) 
Board Member (1994) 

Principal Occupation During Past 5 Years:

  • Chairman of the Wexler & Walker Public Policy Associates, consultants specializing in govern- ment relations and public affairs

Other Board Memberships and Affiliations:

  • Wilshire Mutual Funds (5 funds), Director
  • Methanex Corporation, a methanol producing company, Director
  • Member of the Council of Foreign Relations
  • Member of the National Park Foundation

No. of Portfolios for which Board Member Serves: 57

———————

Once elected all Board Members serve for an indefinite term, but achieve Emeritus status upon reaching age 80.The address of the Board Members and Officers is in c/o The Dreyfus Corporation, 200 Park Avenue, New York, New York 10166. Additional information about the Board Members is available in the fund’s Statement of Additional Information which can be obtained from Dreyfus free of charge by calling this toll free number: 1-800-554-4611.

The Fund 29

OFFICERS OF THE FUND (Unaudited)

J. DAVID OFFICER, President since 
December 2006. 

Chief Operating Officer,Vice Chairman and a director of the Manager, and an officer of 90 investment companies (comprised of 190 portfolios) managed by the Manager. He is 58 years old and has been an employee of the Manager since April 1, 1998.

MARK N. JACOBS, Vice President since 
March 2000. 

Executive Vice President, Secretary and General Counsel of the Manager, and an officer of 91 investment companies (comprised of 206 portfolios) managed by the Manager. He is 60 years old and has been an employee of the Manager since June 1977.

MICHAEL A. ROSENBERG, Vice President 
and Secretary since August 2005. 

Associate General Counsel of the Manager, and an officer of 91 investment companies (comprised of 206 portfolios) managed by the Manager. He is 46 years old and has been an employee of the Manager since October 1991.

JAMES BITETTO, Vice President and 
Assistant Secretary since August 2005. 

Associate General Counsel and Assistant Secretary of the Manager, and an officer of 91 investment companies (comprised of 206 portfolios) managed by the Manager. He is 40 years old and has been an employee of the Manager since December 1996.

JONI LACKS CHARATAN, Vice President 
and Assistant Secretary since 
August 2005. 

Associate General Counsel of the Manager, and an officer of 91 investment companies (comprised of 206 portfolios) managed by the Manager. She is 51 years old and has been an employee of the Manager since October 1988.

JOSEPH M. CHIOFFI, Vice President and 
Assistant Secretary since August 2005. 

Associate General Counsel of the Manager, and an officer of 91 investment companies (comprised of 206 portfolios) managed by the Manager. He is 45 years old and has been an employee of the Manager since June 2000.

JANETTE E. FARRAGHER, Vice President 
and Assistant Secretary since 
August 2005. 

Associate General Counsel of the Manager, and an officer of 91 investment companies (comprised of 206 portfolios) managed by the Manager. She is 44 years old and has been an employee of the Manager since February 1984.

JOHN B. HAMMALIAN, Vice President and 
Assistant Secretary since August 2005. 

Associate General Counsel of the Manager, and an officer of 91 investment companies (comprised of 206 portfolios) managed by the Manager. He is 43 years old and has been an employee of the Manager since February 1991.

ROBERT R. MULLERY, Vice President and 
Assistant Secretary since August 2005. 

Associate General Counsel of the Manager, and an officer of 91 investment companies (comprised of 206 portfolios) managed by the Manager. He is 54 years old and has been an employee of the Manager since May 1986.

JEFF PRUSNOFSKY, Vice President and 
Assistant Secretary since August 2005. 

Associate General Counsel of the Manager, and an officer of 91 investment companies (comprised of 206 portfolios) managed by the Manager. He is 41 years old and has been an employee of the Manager since October 1990.

30

JAMES WINDELS, Treasurer since 
November 2001. 

Director – Mutual Fund Accounting of the Manager, and an officer of 91 investment companies (comprised of 206 portfolios) managed by the Manager. He is 48 years old and has been an employee of the Manager since April 1985.

ERIK D. NAVILOFF, Assistant Treasurer 
since August 2005. 

Senior Accounting Manager – Taxable Fixed Income Funds of the Manager, and an officer of 91 investment companies (comprised of 206 portfolios) managed by the Manager. He is 38 years old and has been an employee of the Manager since November 1992.

ROBERT ROBOL, Assistant Treasurer 
since August 2005. 

Senior Accounting Manager – Money Market and Municipal Bond Funds of the Manager, and an officer of 91 investment companies (comprised of 206 portfolios) managed by the Manager. He is 42 years old and has been an employee of the Manager since October 1988.

ROBERT SVAGNA, Assistant Treasurer 
since August 2005. 

Senior Accounting Manager – Equity Funds of the Manager, and an officer of 91 investment companies (comprised of 206 portfolios) managed by the Manager. He is 39 years old and has been an employee of the Manager since November 1990.

GAVIN C. REILLY, Assistant Treasurer 
since December 2005. 

Tax Manager of the Investment Accounting and Support Department of the Manager, and an officer of 91 investment companies (comprised of 206 portfolios) managed by the Manager. He is 38 years old and has been an employee of the Manager since April 1991.

JOSEPH W. CONNOLLY, Chief Compliance 
Officer since October 2004. 

Chief Compliance Officer of the Manager and The Dreyfus Family of Funds (91 investment companies, comprised of 206 portfolios). From November 2001 through March 2004, Mr. Connolly was first Vice-President, Mutual Fund Servicing for Mellon Global Securities Services. In that capacity, Mr. Connolly was responsible for managing Mellon’s Custody, Fund Accounting and Fund Administration services to third-party mutual fund clients. He is 49 years old and has served in various capacities with the Manager since 1980, including manager of the firm’s Fund Accounting Department from 1997 through October 2001.

WILLIAM GERMENIS, Anti-Money 
Laundering Compliance Officer since 
October 2002. 

Vice President and Anti-Money Laundering Compliance Officer of the Distributor, and the Anti-Money Laundering Compliance Officer of 87 investment companies (comprised of 202 portfolios) managed by the Manager. He is 36 years old and has been an employee of the Distributor since October 1998.

The Fund 31

NOTES

For More    Information 
 
Dreyfus        Transfer Agent & 
Florida Intermediate    Dividend Disbursing Agent 
Municipal Bond Fund     
        Dreyfus Transfer, Inc. 
200 Park Avenue     
        200 Park Avenue 
New York, NY    10166     
        New York, NY 10166 
 
Manager        Distributor 
The Dreyfus Corporation     
        Dreyfus Service Corporation 
200 Park Avenue     
        200 Park Avenue 
New York, NY    10166     
        New York, NY 10166 
Custodian         
The Bank of New York     
One Wall Street     
New York, NY    10286     
 
 
Telephone 1-800-645-6561     

Mail The Dreyfus Family of Funds, 144 Glenn Curtiss Boulevard, Uniondale, NY 11556-0144 E-mail Send your request to info@dreyfus.com Internet Information can be viewed online or downloaded at: http://www.dreyfus.com

The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (“SEC”) for the first and third quarters of each fiscal year on Form N-Q. The fund's Forms N-Q are available on the SEC’s website at http://www.sec.gov and may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-202-551-8090.

Information regarding how the fund voted proxies relating to portfolio securities for the 12-month period ended June 30, 2006, is available on the SEC’s website at http://www.sec.gov and without charge, upon request, by calling 1-800-645-6561.

© 2007 Dreyfus Service Corporation

Item 2. Code of Ethics.

The Registrant has adopted a code of ethics that applies to the Registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. There have been no amendments to, or waivers in connection with, the Code of Ethics during the period covered by this Report.

Item 3. Audit Committee Financial Expert.

The Registrant's Board has determined that David P. Feldman, a member of the Audit Committee of the Board, is an audit committee financial expert as defined by the Securities and Exchange Commission (the "SEC"). David P. Feldman is "independent" as defined by the SEC for purposes of audit committee financial expert determinations.

Item 4. Principal Accountant Fees and Services

(a) Audit Fees. The aggregate fees billed for each of the last two fiscal years (the "Reporting Periods") for professional services rendered by the Registrant's principal accountant (the "Auditor") for the audit of the Registrant's annual financial statements, or services that are normally provided by the Auditor in connection with the statutory and regulatory filings or engagements for the Reporting Periods, were $29,480 in 2005 and $30,881 in 2006.

(b) Audit-Related Fees. The aggregate fees billed in the Reporting Periods for assurance and related services by the Auditor that are reasonably related to the performance of the audit of the Registrant's financial statements and are not reported under paragraph (a) of this Item 4 were $0 in 2005 and $0 in 2006.

The aggregate fees billed in the Reporting Periods for non-audit assurance and related services by the Auditor to the Registrant's investment adviser (not including any sub-investment adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by or under common control with the investment adviser that provides ongoing services to the Registrant ("Service Affiliates"), that were reasonably related to the performance of the annual audit of the Service Affiliate, which required pre-approval by the Audit Committee were $0 in 2005 and $0 in 2006.

Note: For the second paragraph in each of (b) through (d) of this Item 4, certain of such services were not pre-approved prior to May 6, 2003, when such services were required to be pre-approved. On and after May 6, 2003, 100% of all services provided by the Auditor were pre-approved as required. For comparative purposes, the fees shown assume that all such services were pre-approved, including services that were not pre-approved prior to the compliance date of the pre-approval requirement.

(c) Tax Fees. The aggregate fees billed in the Reporting Periods for professional services rendered by the Auditor for tax compliance, tax advice and tax planning ("Tax Services") were $2,725 in 2005 and $3,124 in 2006. These services consisted of (i) review or preparation of U.S. federal, state, local and excise tax returns; (ii) U.S. federal, state and local tax planning, advice and assistance regarding statutory, regulatory or administrative developments, (iii) tax advice regarding tax qualification matters and/or treatment of various

financial instruments held or proposed to be acquired or held, and (iv) determination of Passive Foreign Investment Companies (as applicable).

The aggregate fees billed in the Reporting Periods for Tax Services by the Auditor to Service Affiliates which required pre-approval by the Audit Committee were $0 in 2005 and $0 in 2006.

(d) All Other Fees. The aggregate fees billed in the Reporting Periods for products and services provided by the Auditor, other than the services reported in paragraphs (a) through (c) of this Item, were $156 in 2005 and $163 in 2006. These services consisted of a review of the Registrant's anti-money laundering program.

The aggregate fees billed in the Reporting Periods for Non-Audit Services by the Auditor to Service Affiliates, other than the services reported in paragraphs (b) through (c) of this Item, which required pre-approval by the Audit Committee were $0 in 2005 and $6 in 2006.

Audit Committee Pre-Approval Policies and Procedures. The Registrant's Audit Committee has established policies and procedures (the "Policy") for pre-approval (within specified fee limits) of the Auditor's engagements for non-audit services to the Registrant and Service Affiliates without specific case-by-case consideration. Pre-approval considerations include whether the proposed services are compatible with maintaining the Auditor's independence. Pre-approvals pursuant to the Policy are considered annually.

Non-Audit Fees. The aggregate non-audit fees billed by the Auditor for services rendered to the Registrant, and rendered to Service Affiliates, for the Reporting Periods were $758,091 in 2005 and $383,726 in 2006.

Auditor Independence. The Registrant's Audit Committee has considered whether the provision of non-audit services that were rendered to Service Affiliates which were not pre-approved (not requiring pre-approval) is compatible with maintaining the Auditor's independence.

Item 5.    Audit Committee of Listed Registrants. 
    Not applicable. 
Item 6.    Schedule of Investments. 
    Not applicable. 
Item 7.    Disclosure of Proxy Voting Policies and Procedures for Closed-End Management 
    Investment Companies. 
    Not applicable. 
Item 8.    Portfolio Managers of Closed-End Management Investment Companies. 
    Not applicable. 
Item 9.    Purchases of Equity Securities by Closed-End Management Investment Companies and 
    Affiliated Purchasers. 
    Not applicable. 
Item 10.    Submission of Matters to a Vote of Security Holders. 

The Registrant has a Nominating Committee (the "Committee"), which is responsible for selecting and nominating persons for election or appointment by the Registrant's Board as Board members. The Committee has adopted a Nominating Committee Charter (the "Charter"). Pursuant to the Charter, the Committee will consider recommendations for nominees from shareholders submitted to the Secretary of the Registrant, c/o The Dreyfus Corporation Legal Department, 200 Park Avenue, 8th Floor East, New York, New York 10166. A nomination submission must include information regarding the recommended nominee as specified in the Charter. This information includes all information relating to a recommended nominee that is required to be disclosed in solicitations or proxy statements for the election of Board members, as well as information sufficient to evaluate the factors to be considered by the Committee, including character and integrity, business and professional experience, and whether the person has the ability to apply sound and independent business judgment and would act in the interests of the Registrant and its shareholders.

Nomination submissions are required to be accompanied by a written consent of the individual to stand for election if nominated by the Board and to serve if elected by the shareholders, and such additional information must be provided regarding the recommended nominee as reasonably requested by the Committee.

Item 11. 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-CSR 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-CSR 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 second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

Item 12. Exhibits.

(a)(1)    Code of ethics referred to in Item 2. 
(a)(2)    Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) 
under the Investment Company Act of 1940. 
(a)(3)    Not applicable. 
(b)    Certification of principal executive and principal financial officers as required by Rule 30a-2(b) 
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 FLORIDA INTERMEDIATE MUNICIPAL BOND FUND

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.

    EXHIBIT INDEX 
(a)(1)    Code of ethics referred to in Item 2. 
(a)(2)    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) 
(b)    Certification of principal executive and principal financial officers as required by Rule 30a- 
2(b) under the Investment Company Act of 1940. (EX-99.906CERT)