What We Do
The Audit Committee was created in 2006 when Denver voters voted to change the City Charter in order to streamline the city’s financial structure. This Charter change, effective January 1, 2008, included the establishment of an independent Audit Committee.
How To Watch
Denver 8 TV provides live and archival coverage of all meetings. You can view live broadcasts here. The video player works best in Chrome, Internet Explorer or Firefox. Please make sure you have the Flash player enabled. The Instructions for enabling Flash in each individual browser can be found in the Help (Streaming Video Support) link at the top of the Audit Committee Archive Page.
Annually, the Audit Committee commissions and oversees an independent external audit of the finances of the City and County of Denver. This audit is of the City’s Comprehensive Annual Financial Report (CAFR). The Audit Committee communicates findings and recommendations of the external auditor to the Mayor, Chief Financial Officer, City Council and to the general public.
Audit Committee Structure
The Audit Committee is chaired by the Auditor and consists of the Auditor and six other members, with two each appointed by the Mayor, the City Council, and the Auditor. With the exception of the Auditor, no member of the Committee may hold any other office or employment with the City while serving on the Committee. Members are appointed on the basis of education or experience in accounting, auditing, financial management, or related fields of expertise. They serve four-year terms and are eligible for reappointment.
Responsibilities: The Audit Committee receives the reports of audits conducted by the Audit Services Division of the Auditor’s Office. The Audits are made available to the public, the Mayor, City Council and other officials. You can view these audits on the Audit Reports page.
Auditor Timothy M. O’Brien, CPA
Auditor O’Brien, a CPA, was elected to a four-year term as Denver’s 24th Auditor in 2015. The Auditor’s Office is responsible for internal audit services and prevailing wage enforcement. Auditor O’Brien formerly served as the Colorado State Auditor, as a Board member for numerous organizations, and as an Audit Committee expert. His audit and business experience includes participation in hundreds of audits, facilitating the merger between two publicly held corporations, advising public pension plans, and providing expert financial advice to both private and public organizations.
Rudolfo (Rudy) Payan
Appointed January 2012 by Auditor Gallagher, Reappointed January 2016 by Auditor O’Brien
Mr. Payan retired in 2010 from the U.S. Government Accountability Office (GAO), where he served as the Denver Field Office Manager for 10 years. During his GAO tenure, he was responsible for examining organizational and operational issues and proposing ways to improve the efficiency, economy, and effectiveness of the Denver Field Office. He served on GAO-wide task forces and represented the agency at federal, state, and local government activities. Since joining the Audit Committee, Mr. Payan has helped organize inter-governmental audit forums that bring together auditors from city, state, and federal governments.
Appointed August 2015 by Auditor O’Brien
Mr. Blumenthal has more than 40 years of financial experience, including financial management, economic analysis, operations improvement, and debt restructuring. He has specialized in financial services, real estate, health care, and oil and gas. Licensed as a CPA in both Colorado and New York, Mr. Blumenthal led the largest CPA practice group in the U.S. in restructuring more than 15,000 tax-exempt bond issues and mortgage-backed securities. He has served as the chief financial officer and audit committee chair for both public and private organizations.
Appointed January 2012 by City Council, Reappointed February 2016 by City Council
Ms. Mitchell retired in 2010 after 26 years with FirstBank Holding Company. At the time of her retirement, she was the president of FirstBank of Cherry Creek. Her long community service list includes serving on the boards of AAA Colorado, the Emily Griffith Foundation, the Colorado Board of Mortgage Loan Originators, the Cherry Creek North Business Improvement District, the Denver Public Schools Foundation, the Colorado Board of Real Estate Appraisers, and St. Joseph’s Hospital Foundation. A marathoner, she coaches Girls on the Run, an after-school running program at Schmitt Elementary.
Appointed February 2016 by City Council
Ms. Nath has decades of financial experience in both the private sector and government. In addition to serving as Chief Financial Officer in a variety of private businesses, Ms. Nath was also CFO in Governor Owens’ office. She received the Attorney General’s Excellence Award in Administration while working as CFO in Attorney General John Suthers’ office. She has served in leadership positions in the Rocky Mountain Chapter of Financial Executives International, the Colorado Society of CPAs, and the American Institute of CPAs, and she is past Treasurer and Board member of DenverWorks. Her experience includes implementation of financial software systems, process improvement, and managing financial operations.
Appointed February 2016 by Mayor Hancock
Charles Scheibe is the Chief Financial Officer of the Colorado State Treasury Department. Prior to joining state government in 2007, Mr. Scheibe consulted on corporate governance and contract management with Fortune 500 companies. He also worked in the Texas State Auditor’s office. He holds three advanced degrees, including an MBA from the University of Texas, a JD from South Texas College of Law, and a Master of Laws (LL.M.) in Taxation from the University of Denver. He has participated in Denver’s East High School mentoring program.
Appointed August 2015 by Mayor Hancock, Reappointed January 2017 by Mayor Hancock
Mr. Scholz has served as Vice President of Finance and Business Operations at the Denver Museum of Nature & Science since 2011. He has held a number of fiscal planning and budget management-related positions with the City and County of Denver, including Chief Financial Officer, Deputy CFO, and Budget Director. Prior to his work for the governments of Denver and Broomfield, Mr. Scholz worked in banking and as a Development Manager for public television and radio in New York. He was educated at Binghamton University and the Kennedy School of Government at Harvard University.
Committee Meeting Video & Info
- 10/17 – Agenda – Minutes – Committee Video
- 09/15 – Agenda – Minutes – Committee Video
- 08/15 – Agenda – Minutes – Committee Video
- 07/18 – Agenda – Minutes – Committee Video
- 06/21 – Agenda – Minutes – Committee Video
- NO MAY MEETING
- 04/18 – Agenda – Minutes – Committee Video
- 03/21 – Agenda – Minutes – Committee Video
- 02/21 – Agenda – Minutes – Committee Video
- 01/17 – Agenda – Minutes – Committee Video
2019 Meeting Dates
- January 17, 2019 (Thursday) at 9:00 a.m.
- February 21, 2019 (Thursday) at 9:00 a.m.
- March 21, 2019 (Thursday) at 9:00 a.m.
- April 18, 2019 (Thursday) at 9:00 a.m.
- Please note there will be no regularly-scheduled public meeting in May
- June 20, 2019 (Thursday) at 9:00 a.m.
- July 18, 2019 (Thursday) from 9:00 a.m. to 12:00 p.m.
- August 15, 2019 (Thursday) at 9:00 a.m.
- September 19, 2019 (Thursday) at 9:00 a.m.
- October 17, 2019 (Thursday) at 9:00 a.m.
- November 21, 2019 (Thursday) at 9:00 a.m.
- December 19, 2019 (Thursday) at 9:00 a.m.