Report of Independent Registered Public Accounting Firm
To the Board of Directors
Dreyfus California Municipal Income, Inc.
We have examined management's assertion about Dreyfus
California Municipal Income, Inc.'s (the "Company")
compliance with the requirements of subsections
(b) and (c) of Rule 17f-2 of the Investment Company
Act of 1940 ("the Act") as of September 30, 2003,
with respect to securities and similar investments
reflected in the investment account of the Company,
included in the accompanying Management Statement
Regarding Compliance with Certain Provisions of the
Investment Company Act of 1940. Management is
responsible for the Company's compliance with those
requirements. Our responsibility is to express an
opinion on management's assertion about the Company's
compliance based on our examination.
Our examination was made in accordance with attestation
standards established by the Public Company Accounting
Oversight Board (United States) and accordingly,
included examining, on a test basis, evidence about
the Company's compliance with those requirements and
performing such other procedures as we considered
necessary in the circumstances. Included among our
procedures were the following tests performed as of
September 30, 2003, and with respect to agreement of
security and similar investments purchases and sales,
for the period from May 31, 2003 (the date of last
examination) through September 30, 2003;
Count and inspection of all securities and similar
investments located in the vault of Mellon Bank in
New York, without prior notice to management;
Confirmation of all securities and similar investments
held by institutions in book entry form (i.e., the
Federal Reserve Bank of Boston, the Depository
Trust Company and the Participant Trust Company);
Reconciliation of confirmation results as to all
such securities and investments to the books and
records of the Company and Mellon Bank;
Confirmation of all repurchase agreements, if any,
with brokers/banks and agreement of underlying
collateral with Mellon Bank's records;
Agreement of investment purchases and sales or
maturities since our last examination from the books
and records of the Company to broker confirmations.
We believe that our examination provides a reasonable
basis for our opinion. Ourexamination does not provide
a legal determination on the Company's compliance with
specified requirements.
In our opinion, management's assertion that Dreyfus
California Municipal Income, Inc. was in compliance
with the requirements of subsections (b) and (c) of
Rule 17f-2 of the Investment Company Act of 1940 as
of September 30, 2003 with respect to securities and
similar investments reflected in the investment
account of the Company is fairly stated, in all
material respects.
This report is intended solely for the information
and use of management of Dreyfus California Municipal
Income, Inc. and the Securities and Exchange Commission
and should not be used for any other purpose.
ERNST & YOUNG LLP
New York, New York
November 7, 2003
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-17f-2
Certificate of Accounting or Securities and Similar
Investments in the Custody of
Management Investment Companies
Pursuant to Rule 17f-2 [17 CRF 270.17f-2]
1. Investment Company Act File Date examination
Number: completed:
811- 5653 11/07/2003
2. State Identification Number:
AL AK AZ AR CA CO
CT DE DC FL GA HI
ID IL IN IA KS KY
LA ME MD MA MI MN
MS MO MI NE NV NH
NJ NM NY NC ND OH
OK OR PA RI SC SD
TN TX UT VT VA WA
WV WI WY PUERTO
RICO
Other
Specify:
3. Exact name of investment company as specified
in registration statement:
4. Address of principal executive office: (number,
street, city, state, zip code)
200 Park Avenue, 55th Floor , New York, NY 10166
INSTRUCTIONS
The Form must be completed by investment
companies that have custody of securities or
similar investments
Investment Company
1. All items must be completed by the investment
company.
2. Give this Form to the independent public accountant
who, in compliance with Rule 17f-2 under the Act and
applicable state law, examine securities and similar
investments in the custody of the investment company.
Accountant
3. Submit this Form to the Securities and Exchange
Commission and appropriate state securities administrators
when filing the certificate of accounting required by Rule
17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange
Commissions's principal office in Washington D.C., one
copy with the regional office for the region in which
the investment company's principal business operations
are conducted, and one copy with the appropriate state
administrator(s), if applicable.
THIS FORM MUST BE GIVEN TO YOUR
INDEPENDENT PUBLIC ACCOUNTANT
Management Statement Regarding Compliance with
Certain Provisions
of the Investment Company Act of 1940
We, as members of management of Dreyfus California Municipal
Income, Inc. (the "Company"), are responsible for complying
with the requirements of subsections (b) and (c) of Rule 17f-2,
"Custody of Investments by Registered Management Investment
Companies," of the Investment Company Act of 1940. We are
also responsible for establishing and maintaining effective
controls over compliance with those requirements. We have
performed an evaluation of the Company's compliance with
the requirements of subsections (b) and (c) of Rule 17f-2
as of September 30, 2003.
Based on this evaluation, we assert that the Company was
in compliance with the requirements of subsections (b) and
(c) of Rule 17f-2 of the Investment Company Act of 1940
as of September 30, 2003 with respect to securities and
similar investments reflected in the investment account
of the Company.
Dreyfus California Municipal Income, Inc.
By:
/s/Jim Windels
Jim Windels,
Treasurer
The Dreyfus Corporation