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Finance & Audit Committee Meeting |
|
February 13, 2017
01:00 PM |
|
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744 Room 206
|
Agenda
Finance and Audit (F&A) Committee Meeting
Room 206; 7620 Metro Center Drive, Austin, Texas
February 13, 2017; 1:00 p.m. to 3:30 p.m.*
| Item |
Topic |
Topic Type |
Presenter |
| 1. |
Call General Session to Order, Announce Proxies and Segment Alternates |
-- |
Board Chair |
| 2. |
Confirm Committee Membership and Leadership |
-- |
-- |
| 2.1 |
Confirm Committee Membership |
Discussion |
Board Chair |
| 2.2 |
Election of Committee Chair |
Vote |
Board Chair |
| 2.3 |
Election of Committee Vice Chair |
Vote |
Board Chair |
| 2.4 |
Designation of Committee Secretary |
Vote |
Chair |
| 3. |
December 12, 2016 General Session Meeting Minutes |
Vote |
Chair |
| 4. |
Charter Review and Approval |
-- |
-- |
| 4.1 |
Recommendation Regarding Committee Charter |
Vote |
Chair |
| 4.2 |
Review and Approval of Internal Audit Department Charter |
Vote |
Penny Rychetsky |
| 4.3 |
Review and Ratification of Credit Work Group Charter |
Vote |
Mark Ruane |
| 5. |
Policy Review and Approval |
-- |
-- |
| 5.1 |
Recommendation Regarding Market Credit Risk Corporate Standard |
Vote |
Mark Ruane |
| 5.2 |
Recommendation Regarding Financial Corporate Standard |
Vote |
Leslie Wiley |
| 5.3 |
Recommendation Regarding Investment Corporate Standard |
Vote |
Leslie Wiley |
| 5.4 |
Handling of Complaints Regarding Financial Matters |
Discussion |
Sean Taylor |
| 5.5 |
Policy on Hiring Former Employees of the Independent Auditor |
Discussion |
Sean Taylor |
| 5.6 |
Policy on Independent Auditor Selection |
Discussion |
Sean Taylor |
| 6. |
Confirmation of Credit Work Group Chair and Vice Chair |
Vote |
Mark Ruane |
| 7. |
Periodic Report on Credit Work Group Activity |
Discussion |
CWG Chair |
| 8. |
Committee Education Plan for 2017 |
Discussion |
Michael Petterson |
| 9. |
Forecast Adequacy of the Budgeted System Administration Fee |
Discussion |
Sean Taylor |
| 10. |
Committee Briefs |
Discussion |
Staff |
| 10.1 |
Review 2016 Financial Summary |
Discussion |
Sean Taylor |
| 10.2 |
Periodic Report on Investments |
Discussion |
Leslie Wiley |
| 10.3 |
Financial Institutions which are Market Participants |
Discussion |
Leslie Wiley |
| 11. |
Future Agenda Items |
Discussion |
Michael Petterson |
| 12. |
Other Business |
Discussion |
Michael Petterson |
| Convene Executive Session |
-- |
-- |
|
| December 12, 2016 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 |
Penny Rychetsky |
|
| Reconvene General Session |
-- |
-- |
|
| 13. |
Vote on Matters from Executive Session |
Vote |
Chair |
| 14. |
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
April 3, 2017 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
- Oct 10, 2016 - Finance and Audit Committee Meeting
- Dec 12, 2016 - Finance and Audit Committee Meeting
- Feb 13, 2017 - Finance & Audit Committee Meeting
- Apr 03, 2017 - Finance & Audit Committee Meeting
- Jun 12, 2017 - Finance & Audit Committee Meeting
- Aug 07, 2017 - Finance & Audit Committee Meeting
- Oct 16, 2017 - Finance & Audit Committee Meeting
Key Documents
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