Department of Finance, Director Desmond Chin, CPA

FY 2014-15 ADOPTED BUDGET RELEASED FOR PUBLIC REVIEW
The FY 2014-15 Adopted Operating and Capital Budget has been posted in the Forms & Documents section below. As outlined in the budget statement, the main focus is to implement recommendations of the Downtown Redevelopment Task Force – with an eye on enhancing the Village's overall financial viability. OCT 27, 2014
 

FITCH AGAIN AFFIRMS HIGH RATING FOR PALMETTO BAY BONDS
Fitch Ratings has affirmed the “AA” rating on $14 million in revenue bonds issued by Florida Municipal Loan Council (FMLC) to the Village of Palmetto Bay in August 2010. In addition, Fitch assigns an “AA+” implied general obligation (GO) bond rating to the Village. Read more. JUN 2, 2014

 

FINANCIAL ADVISORY BOARD ACCEPTING CANDIDATE APPLICATIONS
The newly formed Financial Advisory Board will support Council and Administration on financial matters. To apply, resident board candidates must have a background in finance, and a strong desire to serve your Village. Learn more. MAY 5, 2014

 

TYLER TECHNOLOGY AWARDS 2014 PUBLIC SECTOR AWARDS
Palmetto Bay received the "Tyler Excellence Award" from Tyler Technologies, its provider of public sector info-management services. Tyler acknowledges municipalities annually for embracing technology and using their Enterprise Resource Management solutions to solve unique challenges. Read more. MAY 8, 2014

 

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. SEP 02, 2014
 

S&P UPGRADES TO 'AA' PALMETTO BAY BONDS
Standard & Poor's Rating Service has raised Palmetto Bay's bond rating to "AA" from "AA-" and reports the Village has "strong management conditions and a strong track record of consistently maintaining balanced operations." JAN 14, 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, Accountant
Idalmy Vidaurre, Accounting Clerk
Kristy Bada, Procurement Specialist
Wanner Fonseca, Cashier

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

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Forms and Documents

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

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

Alarm Registration Application
Credit Card Authorization Form


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