Department of Finance, Director Desmond Chin, CPA

Department Headlines

PALMETTO BAY RECEIVES DISTINGUISHED BUDGET PRESENTATION AWARD
The Government Finance Officers Association of the United States & Canada is pleased to announce that the Village of Palmetto Bay, Florida has received the GFOA's Distinguished Budget Presentation Award for its budget. FEB 4, 2016

 

LIBRARY BOND REFINANCING GETS COUNCIL APPROVAL
Village Council has approved refinancing of its 2005 Bond used in the construction of the Palmetto Bay Branch Library at Ludovici Park. Village administration was able to reduce the interest from 4.46% to 2.359% and reduce the maturity date by five years. This resulted in a present value savings of $217,528 while only increasing the annual payments by an average of $6,823. NOV 2, 2015

2015-16 ADOPTED BUDGET ONLINE FOR PUBLIC REVIEW
The FY 2015-16 Adopted Operating and Capital Budget is posted in the Annual Budgets & Financial Reports section. OAUG 29, 2015

 

 

CHECK REGISTER PROMOTES TRANSPARENCY
We invite the public to take a look through the Village books on a regular basis. Palmetto Bay provides a monthly Village Check Register, online, in an ongoing effort to be a more transparent government. DEC 09, 2015

 

Finance News Archive


About Finance

The Finance Department operates under the management and leadership of Finance Director Desmond Chin, and reports to the Village Manager. The Finance Department is responsible for administration of the Village’s financial and fiscal affairs, including:

  • Accounting practices
  • Financial planning and analysis
  • Audit coordination processing
  • Recording of daily fiscal activities in accordance with generally accepted governmental accounting principles
  • Budget coordination and monitoring
  • Preparation of financial reports
  • Providing support on fiscal and financial matters

Department Goals:

  • Ensure proper implementation of financial and accounting practices for the effective and efficient use of the Village’s financial resources.
  • Maintain proper accountability over the Village’s financial resources.
  • Prepare timely financial reports on the Village’s financial condition.

Biography - Desmond Chin

Director Chin comes to our municipality with a great deal of experience, namely serving as Assistant Finance Director at the City of Florida City for 10 years. He has a Bachelor’s Degree in Accounting from Florida International University and is a Certified Public Accountant (CPA). In his capacity as Finance Director, Mr. Chin manages the daily finance/accounting activities of the Village, including:

  • Budget preparation and administration;
  • Preparation of the Village’s annual financial statements, including the Comprehensive Annual Financial Report;
  • Accounts payable/receivable;
  • Revenue collection;
  • Cash management;
  • Procurement management;
  • Risk management and loss prevention; and
  • Payroll

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HOURS OF OPERATION & CONTACT INFORMATION

Monday through Friday (except on observed holidays)
8:30 am - 5:00 pm

ADDRESS & PHONE NUMBER:

Village of Palmetto Bay Municipal Center
Finance Department
9705 East Hibiscus Street
Palmetto Bay, FL 33157

Phone:  305-259-1234
Fax:  305-259-1290

STAFF DIRECTORY

Desmond Chin, CPA, Director
Donna Latchman, Sr. Accountant
Cesar Durand, Accountant
Litsy Pittser, Procurement Specialist
Idalmy Vidaurre, Accounting Clerk
Wanner Fonseca, Cashier

Phone: 305-259-1234
Fax: 305-259-1290

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