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Finance and Audit Committee Meeting

February 10, 2014
12:00 PM - 05:00 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206

Agenda

Item

Topic

Topic Type

Presenter

Time

Allocation in Minutes

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

5

2.2

Election of Committee Chair

Vote

Board Vice Chair

3

2.3

Election of Committee Vice Chair

Vote

Chair

3

2.4

Designation of Committee Secretary

Vote

Chair

2

3.

Committee Education on Project Priority List

Discussion

Betty Day

60

 

Break

--

--

5

4.

November 18, 2013 General Session Meeting Minutes

Vote

Chair

5

5.

Charter Review and Approval

--

--

--

5.1

Recommendation Regarding Committee Charter

Vote

Chair

10

5.2

Review and Approval of Internal Audit Department Charter

Vote

Bill Wullenjohn

5

5.3

Review and Ratification of Credit Work Group Charter

Vote

Mark Ruane

5

6.

Policy Review and Approval

--

--

--

6.1

Recommendation Regarding Market Credit Risk Corporate Standard

Vote

Mark Ruane

5

6.2

Recommendation Regarding Financial Corporate Standard

Vote

Leslie Wiley

5

6.3

Recommendation Regarding Investment Corporate Standard

Vote

Leslie Wiley

5

6.4

Handling of Complaints Regarding Financial Matters

Discussion

Sean Taylor

--

6.5

Policy on Hiring Former Employees of the Independent Auditor

Discussion

Sean Taylor

--

6.6

Policy on Independent Auditor Selection

Discussion

Sean Taylor

--

7.

Preapproval of Non-Audit Services

Vote

Sean Taylor

5

8.

Confirmation of Credit Work Group Chair and Vice Chair

Vote

Mark Ruane

5

9.

Periodic Report on Credit Work Group Activity

Discussion

CWG Chair

10

10.

Update on Affordable Care Act

Discussion

Chuck Manning

10

11.

Committee Education Plan for 2014

Discussion

Michael Petterson

5

12.

Committee Briefs

Discussion

Michael Petterson

--

12.1

Review Unaudited 2013 Financial Statements

Discussion

Sean Taylor

15

12.2

2013 Financial Summary

Discussion

Sean Taylor

10

12.3

Periodic Report on Investments

Discussion

Leslie Wiley

--

12.4

Financial Institutions Which Are Market Participants

Discussion

Leslie Wiley

--

13.

Future Agenda Items

Discussion

Michael Petterson

5

14.

Other Business

Discussion

Chair

--

 

Convene Executive Session

--

--

90

 

November 18, 2013 Executive Session Meeting Minutes

Vote

Chair

--

 

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

Discussion

Staff

--

 

Periodic Report on Internal Audit Activity

Discussion

Bill Wullenjohn

--

 

Reconvene General Session

--

--

--

15.

Vote on Matters from Executive Session

Vote

Chair

5

16.

Adjourn

--

Chair

--

Scheduled FINANCE_AUDIT Meetings

Key Documents

Feb 3, 2014 - pdf - 16.1 KB
Feb 3, 2014 - pdf - 928.3 KB
Feb 3, 2014 - pdf - 1.1 MB
Feb 2, 2014 - pdf - 146.5 KB
Feb 2, 2014 - pdf - 98.8 KB
Feb 2, 2014 - pdf - 103.3 KB
Feb 2, 2014 - pdf - 334.3 KB
Feb 2, 2014 - pdf - 104.1 KB
Feb 3, 2014 - pdf - 1.2 MB
Feb 2, 2014 - pdf - 51.6 KB
Feb 3, 2014 - pdf - 731.8 KB

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