Department of Finance, Director Desmond Chin, CPA

Department Headlines

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

The FY 2015-16 Adopted Operating and Capital Budget is posted in the Forms & Documents section below. OAUG 29, 2015



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. NOV 01, 2015


Visit our Alarm Registration page for a Registration Application and Credit Card Authorization Form to pay via Visa, Mastercard, or American Express. You may also conduct the entire transaction online here. NOV 18, 2014


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

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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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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.

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Staff and Contact Information

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

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

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Forms and Documents

Alarm Registration Application
Credit Card Authorization Form

FY 2015-16 Adopted Operating and Capital Budget
FY 2014-15 Adopted Operating and Capital Budget
FY 2013-14 Adopted Operating and Capital Budget

FY 2012-13 Adopted Operating and Capital Budget

FY 2011-12 Adopted Operating and Capital Budget

FY 2010-11 Adopted Operating and Capital Budget

FY 2009-10 Adopted Operating and Capital Budget
FY 2008-09 Adopted Operating and Capital Budget
FY 2007-08 Adopted Operating and Capital Budget
FY 2006-07 Adopted Operating and Capital Budget
FY 2005-06 Adopted Operating and Capital Budget

2014 Comprehensive Annual Financial Report
2013 Comprehensive Annual Financial Report
2012 Comprehensive Annual Financial Report
2011 Comprehensive Annual Financial Report
2010 Comprehensive Annual Financial Report

2009 Comprehensive Annual Financial Report
2008 Comprehensive Annual Financial Report
2007 Comprehensive Annual Financial Report
2006 Comprehensive Annual Financial Report
2005 Comprehensive Annual Financial Report
2004 Comprehensive Annual Financial Report


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