Finance & Audit Committee Meeting

    April 09, 2018
    01:00 PM
    ERCOT Austin Room 206
    7620 Metro Center Dr.
    Austin, TX 78744

    Agenda

     

    Item

    Topic

    Topic Type

    Presenter

    1.

    Call General Session to Order, Announce Proxies and Segment Alternates

    --

    Chair

    2.

    February 19, 2018 General Session Meeting Minutes

    Vote

    Chair

    3.

    Periodic Report on Credit Work Group Activity

    Discussion

    Donald Meek, CWG Chair

    4.

    Letter of Credit Issuer Limits

    Discussion

    Mark Ruane

    5.

    Proposed Updates to Board of Directors Material on DAM Net Flow vs. Real-Time Load

    Discussion

    Kenan Ögelman

    6.

    Committee Briefs

    Discussion

    Staff

     
    6.1

    Review 2018 Financial Summary

    Discussion

    Sean Taylor

     
    6.2

    Periodic Report on Investments

    Discussion

    Leslie Wiley

    7.

    Periodic Meeting with Independent Financial Auditor

    Discussion

    Sean Taylor/ Baker Tilly

     
    7.1

    Review of Requirements for Annual Audit of Financial Statements

    Discussion

    Sean Taylor

     
    7.2

    Report on December 31, 2017 Financial Audit

    Discussion

    Baker Tilly

     
    7.3

    Review of Audited Financial Statements

    Discussion

    Sean Taylor

     
    7.4

    Recommendation Regarding Acceptance of Financial Statements Audit Report

    Vote

    Sean Taylor

    8.

    Future Agenda Items

    Discussion

    Michael Petterson

    9.

    Other Business

    Discussion

    Michael Petterson

     

    Convene Executive Session

    --

    --

     

    February 19, 2018 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

     

    Recommendation Regarding Selection of Independent Financial Auditor

    Discussion

    Sean Taylor

     

    Reconvene General Session

    --

    --

    10.

    Vote on Matters from Executive Session

    Vote

    Chair

    11.

    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 11, 2018 at 7620 Metro Center Drive, Austin, Texas.

     

    Additional Information

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    Scheduled Finance & Audit Meetings