Sent on behalf of the Denver Department of Finance
FOR IMMEDIATE RELEASE:
December 18, 2007
Rika Mead, 720-913-5626
Denver Names Ed Scholz
New Director of Budget and Management
(DENVER) Claude Pumilia, the City and County of Denver’s Chief Financial Officer, announced the hiring of Edward Scholz as the City and County of Denver’s new Director of Budget and Management.
“Ed’s experience working with budgets in municipal government will be a great addition to Denver’s Budget and Management team,” Pumilia said. “He understands the relationship between balancing sound fiscal practices and fully utilizing the City’s resources and is constantly aware of Budget and Management’s stewardship of taxpayer dollars.”
When Pumilia was appointed as Denver’s first CFO in 2007, he was charged with creating a new City agency that integrated the City’s various financial functions into a new, cabinet-rank Denver Department of Finance. Those include the City Controller, Budget and Management, Treasury, Revenue, Assessment, Risk Management and Department of Motor Vehicles.
“It’s great to be back serving the citizens and employees of the City and County of Denver,” Scholz said. “This role is about helping departments meet the needs of citizens in a fiscally sustainable manner that we can be proud of. I look forward to working with Claude Pumilia and the City team to strategically allocate resources where they are needed most.”
Scholz replaces Melvin Thompson, who left last summer to join the Mayor’s Office of Safety as deputy manager. Thompson had served as budget director for six years.
A proven organizational leader and manager, Scholz has extensive experience with public finance, including capital projects, resource allocation and revenue forecasting. Scholz has served as Acting Budget Director for Denver since June 2007. Prior to that, Scholz served four years as Budget Director for the City and County of Broomfield, managing a $200 million budget process that included capital improvements, debt financing, grants and utility enterprises.
Before joining Broomfield, he worked as Financial Management Specialist for the City and County of Denver, preparing capital improvement and revenue budgets, cost benefit and debt analysis. He holds an MBA in Human Resources and Non-Profit Management from Binghamton University in New York and is a Certified Public Finance Officer. A member of the Government Finance Officers Association, he has taught classes and delivered presentations on topics ranging from long-range capital planning to conducting citizen surveys.
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