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Finance & Audit Committee Meeting

February 27, 2023
10:30 AM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Boardroom B

Agenda

Item

Topic

Topic Type

Presenter


Convene General Session

--

--

1.

Call General Session to Order

--

Chair

2.

Designation of Committee Secretary

Vote

Chair

3.

Notice of Public Comment, if Any

Discussion

Chair

4.

December 19, 2022 General Session Meeting Minutes

Vote

Chair

5.

Charter Review and Approval

--

--

5.1

Recommendation regarding Committee Charter

Vote

Chair

5.2

Review and Approval of Internal Audit Department Charter

Vote

Penny Rychetsky

6.

Policy Review and Approval

--

--

6.1

Recommendation regarding Financial Corporate Standard

Vote

Leslie Wiley

6.2

Recommendation regarding Investment Corporate Standard

Vote

Leslie Wiley

6.3

Handling of Complaints Regarding Financial Matters

Discussion

Sean Taylor

6.4

Policy on Hiring Former Employees of the Independent Auditor

Discussion

Sean Taylor

6.5

Policy on Independent Auditor Selection

Discussion

Sean Taylor

7.

Forecast Adequacy of the Budgeted System Administration Fee Rate

Discussion

Sean Taylor

8.

Committee Briefs

Discussion

Staff

8.1

Review 2022 Financial Summary

Discussion

Sean Taylor

8.2

Periodic Report on Investments

Discussion

Leslie Wiley

8.3

Periodic Report on Debt Compliance

Discussion

Leslie Wiley

8.4

Financial Institutions which are Market Participants

Discussion

Leslie Wiley

9.

Future Agenda Items

Discussion

Sean Taylor

10.

Other Business

Discussion

Chair


Break




Convene Executive Session

--

--


December 19, 2022 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

--

--

11.

Vote on Matters from Executive Session

Vote

Chair

12.

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.


Any person who wants to comment at the meeting on one or more of the matters under discussion at public portions of the meeting can do so by completing a form provided at the meeting with the following information:

  1. Name
  2. Company or organization, if applicable
  3. Preferred email address
  4. The agenda item(s) for which comments will be made
  5. The general substance of the comments to be made

Please arrive at least 10 minutes prior to the start of the meeting to allow time to complete the form.

The live webcast of the General Session of the meeting may be viewed on the ERCOT website: https://www.ercot.com/committees/board/finance_audit.

If you experience technical problems associated with the webcasting service,
please contact webcast service provider Swagit Productions directly by phone at
(214) 432-5905 (main office) or (800) 573-3160 (toll free).

Scheduled FINANCE_AUDIT Meetings

All information is posted as Public in accordance with the ERCOT Websites Content Management Corporate Standard.

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