I found this recipe on a friend's recipe blog. Go here if you want the recipe.
We made it for our Christmas morning breakfast. It was a hit with the entire family, Emma included. The only thing I did differently from this recipe is, I used a container of store bought cream cheese frosting to frost the monkey bread with. I just put it in the microwave at 30 second intervals until it was the right pouring consistency and then pored over the monkey bread while it was still warm. You really only need about 1/2 the container, but I used it all because I knew I didn't have another purpose for the frosting coming up soon.