City of Columbia, Missouri  
Meeting Minutes - Final  
Finance Advisory and Audit Committee  
City Hall  
Conference Room  
1A/1B  
Monday, November 17, 2025  
Regular  
1:00 PM  
701 E. Broadway  
Columbia, MO.  
I. CALL TO ORDER  
The meeting was called to order at approximately 1:17 p.m.  
Attending from the Finance Department was Matthew Lue, Ashley Wilson, Chelsea Miller  
and Kristina Wolf. Brian Holst and Jonathan Nibarger with Allen, Gibbs and Houlik were  
also present.  
Other staff and members of the public in attendance were Nancy Thompson (Law  
Department), Jim Windsor, John Conway, Mike Murphy, and Pat Fowler.  
4 - Maria Oropallo, Randy Minchew, Brian Toohey and Peter Schneeberger  
Present:  
Excused:  
2 - Ryan Euliss and Jeff Shockley  
1 - Kristian Bloom  
Unexcused:  
II. INTRODUCTIONS  
Staff, Board members and members from the public introduced themselves.  
III. APPROVAL OF AGENDA  
Motion to approve the agenda made by Minchew, seconded by Schneeberger;  
motion carries.  
IV. APPROVAL OF MINUTES  
October 20, 2025 Draft FAAC Minutes  
Attachments: October 20, 2025 DRAFT FAAC Minutes  
Motion to approve the October 20, 2025 minutes made by Toohey, seconded by  
Minchew; motion carries.  
V. OLD BUSINESS  
None.  
VI. NEW BUSINESS  
Allen, Gibbs, and Houlik (AGH) - Scope of the FY25 Audit  
Jonathan Nibarger (Senior Vice President) and Brian Holst (Vice President) both with  
Allen, Gibbs, and Houlik (AGH) presented the committee with information regarding the  
FY25 audit.  
The Scope of Services include:  
- Audit of the City's Financial Statements  
- Single Audit  
- Passenger Facility Charges Audit for the Columbia Regional Airport  
They discussed the audit timeline next. Planning and interim fieldwork set for November,  
audit fieldwork set for December and the final audit presentation is planned for the end of  
February.  
Members and Staff discussed further.  
Pooled Cash Investment Broker Selection Process and Questionnaire  
Chelsea Miller, Treasurer, discussed the selection process and questionnaire for the  
pooled cash investment broker.  
VII. REPORTS  
Monthly Economic Report  
There is no economic report due to the government shutdown.  
Monthly Finance Report  
Attachments: Council Memo  
Monthly Finance Report  
Matthew Lue, Finance Director, reviewed the monthly finance report, specifically the  
general fund 1 cent sales tax amounts by FY, with members.  
VIII. GENERAL COMMENTS BY PUBLIC, MEMBERS AND STAFF  
Jim Windsor - Revenue Discussion  
Mr. Windsor shared several ideas regarding the budget book and noted a few  
inconsistencies he observed. He recommended developing an approach that presents the  
budget information in a way that is clear and accessible from a resident’s perspective.  
Lue added that the Finance Department has been conducting multiple Budget Town Hall  
meetings to help the public gain a better understanding of the budget.  
IX. NEXT MEETING DATE  
December 15, 2025  
X. ADJOURNMENT  
Motion to adjourn the meeting at approximately 2:06 p.m. made by Minchew,  
seconded by Toohey; motion carries.