Finance and Audit Committee Meeting

February 08, 2016
01:00 PM - 03:00 PM
ERCOT Austin Room 206
7620 Metro Center Dr.
Austin, TX 78744

Agenda

1.

Call General Session to Order, Announce Proxies and Segment Alternates

--

Board Vice Chair

2

2.

Confirm Committee Membership and Leadership

--

--

--

2.1

Confirm Committee Membership

Discussion

Board Vice Chair

2

2.2

Election of Committee Chair

Vote

Board Vice Chair

2

2.3

Election of Committee Vice Chair

Vote

Board Vice Chair

2

2.4

Designation of Committee Secretary

Vote

Chair

2

3.

December 7, 2015 General Session Meeting Minutes

Vote

Chair

2

4.

Charter Review and Approval

--

--

--

4.1

Recommendation regarding Committee Charter

Vote

Chair

2

4.2

Review and Approval of Internal Audit Department Charter

Vote

Allison Atherton

2

4.3

Review and Ratification of Credit Work Group Charter

Vote

Mark Ruane

2

5.

Policy Review and Approval

--

--

--

5.1

Recommendation regarding Market Credit Risk Corporate Standard

Vote

Mark Ruane

2

5.2

Recommendation regarding Investment Corporate Standard

Vote

Leslie Wiley

2

5.3

Handling of Complaints Regarding Financial Matters

Discussion

Sean Taylor

--

5.4

Policy on Hiring Former Employees of the Independent Auditor

Discussion

Sean Taylor

--

5.5

Policy on Independent Auditor Selection

Discussion

Sean Taylor

--

6.

Preapproval of Non-Audit Services

Vote

Sean Taylor

2

7.

Confirmation of Credit Work Group Chair and Vice Chair

Vote

Mark Ruane

2

8.

Periodic Report on Credit Work Group Activity

Discussion

CWG Chair

20

9.

Committee Education Plan for 2016

Discussion

Michael Petterson

5

10.

Debt Strategy Discussion

Discussion

Leslie Wiley

60

11.

Forecast Adequacy of the Budgeted System Administrative Fee

Discussion

Sean Taylor

5

12.

Committee Briefs

Discussion

Staff

--

12.1

Review 2015 Financial Summary

Discussion

Sean Taylor

10

12.2

Periodic Report on Investments

Discussion

Leslie Wiley

5

12.3

Financial Institutions which are Market Participants

Discussion

Leslie Wiley

--

13.

Future Agenda Items

Discussion

Michael Petterson

2

14.

Other Business

Discussion

Michael Petterson

2

 

Convene Executive Session

--

--

73

 

December 7, 2015 Executive Session Meeting Minutes

Vote

Chair

--

 

Periodic Report on Internal Audit Activity

Discussion

Allison Atherton

--

 

Contract, Personnel, Security, Compliance, Risk Management, Litigation and Regulatory Matters

Discussion

Staff

--

 

Reconvene General Session

--

--

--

15.

Vote on Matters from Executive Session

Vote

Chair

2

16.

Adjournment

--

Chair

--

 

*All times shown in the Agenda are approximate, at best, and should not be relied upon for scheduling. 

Matters may be taken out of Agenda order or prior to their estimated time.

The next regularly-scheduled F&A Committee Meeting is expected to be held on

April 18, 2016 at 7620 Metro Center Drive, Austin, Texas.

Additional Information

Live and archived broadcasts of board meetings are available at: http://www.adminmonitor.com/tx/ercot/

If you experience difficulty viewing the broadcast, please contact the Admin Monitor Help Desk at 1-888-792-8686 (toll free) for assistance. 

Scheduled Finance & Audit Meetings