City of Columbia, Missouri
Meeting Minutes
City Council
City Hall
Conference Room
1A/1B
Monday, June 15, 2026
4:30 PM
Pre-Council
701 E. Broadway
Columbia, MO
I. CALL TO ORDER
The meeting was called to order at approximately 4:30 p.m.
6 - Buffaloe, Peters, Carroll, Sample, Elwood, and Hartman
Present:
Capital Improvement Projects (CIP) Discussion
Mayor Buffaloe introduced Matthew Lue, Finance Director. Matthew clarified that this
would be a high level introduction to the Capital Improvement Plan (CIP). He emphasized
that the CIP is made up of multi-year planned projects. He provided some common
examples, including roads and bridges. He explained the difference between a capital
improvement project and a capital expense. Generally, capital improvement projects have
a budget of $10,000 or more, take more than one year to complete, have dedicated
funding sources, and use a life-to-date budgeting method. Capital expenses generally can
be completed in one year.
He explained why the City has a CIP and why it is important. He emphasized fiscal
responsibility, adding that they are large projects that cities generally have to save up to
complete. He added some of the complications, including changes in prices for
construction materials.
He highlighted some upcoming 2027 capital projects. Meganne Montesinos, Budget
Officer, noted that these projects are subject to change. For each project, Meganne
provided the goals, timeline, and anticipated budget. She covered examples in a variety of
departments, including Fire, Public Works, and Utilities.
Matthew discussed how the CIP budget is created, as well as funding sources. These
generally include taxes, like the capital improvement sales tax, parks sales tax, and
transportation sales tax, or bonds, such as general obligation bonds or revenue bonds.
He noted some other funding sources including grants, development fees, and utility
rates/fees.
Matthew outlined the budget process, adding that departments prepare a list as early as
January. Once Finance reviews the list with the City Manager, staff prepare the CIP
budget and present it to Council. Matthew shared an overview of upcoming Council
budget dates.
Council member Elwood asked for clarification on how projects end up on the CIP, as
well as how citizen input is considered. Erin Keys, Utilities Director, shared the example