Department of Finance, Director Desmond Chin, CPA

Department Headlines

AUDITORS LAUD VILLAGE FINANCES IN 2012 CAFR REPORT
Our Comprehensive Financial Statements contain excellent news! Auditors Cherry, Bekaert and Holland, LLP, report the statements are not only free of any material misstatement, but "The Mayor, Vice Mayor, and Village Council must be credited ... for maintaining the highest standards of professionalism in the management of the Village's finances." APR 1, 2013

MONTHLY CHECK REGISTER PART OF "TRANSPARENT" VILLAGE
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. MAY 1, 2013

 

ALARM REGISTRATION TEMPORARILY UNAVAILABLE
Alarm Registration forms are available online. Please download and complete an Alarm Registration Form. If you wish to pay by credit card, the Village currently accepts Visa, Mastercard and American Express; complete your Credit Card Authorization Form and mail in it along with the Alarm Registration Form. Read more about our Alarm Ordinance. JAN 1, 2013

2012-13 ANNUAL BUDGET APPROVED BY VILLAGE COUNCIL
Village Council approved the 2012-13 Operating & Capital Budget, maintaining a millage rate of 2.4470 on an operating budget of $13,973,375. You may view the first and second Budget meetings leading up to finalization of the Budget, which commenced Oct. 1, 2012. OCT 1, 2012
 

About Finance

The Finance Department reports to the Village Manager and is responsible for the administration of the Village’s financial and fiscal affairs. This includes accounting practices, financial planning and analysis, audit coordination, processing and recording of daily fiscal activities in accordance with generally accepted governmental accounting principles, budget coordination and monitoring, preparation of financial reports, and providing support on fiscal and financial matters.  The Finance Department operates under the management and leadership of the Finance Director.

Back to top

Biography - Desmond Chin

Mr. 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

Back to top

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.

Back to top

Staff and Contact Information

Desmond Chin, CPA, Director
Donna Latchman, Sr. Accountant
Litsy Pittser, Accountant
Idalmy Vidaurre, Accounting Clerk

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

Back to top

Forms and Document

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

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

Alarm Registration Application
Credit Card Authorization Form

Back to top