Finance & Audit Committee Meeting

    April 03, 2017
    12:00 PM
    ERCOT Austin
    Room 206
    7620 Metro Center Dr.
    Austin, TX 78744

    Agenda

    1.

    Call General Session to Order, Announce Proxies and Segment Alternates

    --

    Chair

    2.

    February 13, 2017 General Session Meeting Minutes

    Vote

    Chair

    3.

    Committee Education on the Clarification and Recodification of Service Organization Control Audit Standards

    Discussion

    Schellman & Company

    4.

    Discussion of 2018-2019 Biennial Budget Assumptions

    Discussion

    Sean Taylor

    5.

    Periodic Report on Credit Work Group Activity

    Discussion

    Donald Meek, CWG Chair

    6.

    Letter of Credit Issuer Limits

    Discussion

    Mark Ruane

    7.

    Revised Committee Education Plan for 2017

    Discussion

    Michael Petterson

    8.

    Committee Briefs

    Discussion

    Michael Petterson

     
    8.1

    Review 2017 Financial Summary

    Discussion

    Sean Taylor

     
    8.2

    Periodic Report on Investments

    Discussion

    Leslie Wiley

    9.

    Periodic Meeting with Independent Financial Auditor

    Discussion

    Sean Taylor/

         

    Baker Tilly

     
    9.1

    Review of Requirements for Annual Audit of Financial Statements

    Discussion

    Sean Taylor

     
    9.2

    Report on December 31, 2016 Financial Audit

    Discussion

    Baker Tilly

     
    9.3

    Review of Audited Financial Statements

    Discussion

    Sean Taylor

     
    9.4

    Recommendation Regarding Acceptance of Financial Statements Audit Report

    Vote

    Sean Taylor

    10.

    Future Agenda Items

    Discussion

    Michael Petterson

    11.

    Other Business

    Discussion

    Michael Petterson

     

    Convene Executive Session

    --

    --

     

    February 13, 2017 Executive Session Meeting Minutes

    Vote

    Chair

     

    Periodic Report on Internal Audit Activity

    Discussion

    Penny Rychetsky

     

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

    Discussion

    Staff

     

    Reconvene General Session

    --

    --

    12.

    Vote on Matters from Executive Session

    Vote

    Chair

    13.

    Adjournment

    --

    Chair

           
     

    * The conclusion time shown on the Agenda is approximate.

    The meeting may conclude earlier or later than the noted time.

    Matters may also be taken out of Agenda order.

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

    June 12, 2017 at 7620 Metro Center Drive, Austin, Texas.

     

    Additional Information

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

       

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