Call to Order

C. Karnei

8:00 A.M.

1.

Approval of January 18, 2005 Minutes

C. Karnei

(5 min)

2.

Financial Dashboard

• Committee Input

R. Bowman

(5 min)

3.

Treasury

• Market pricing update

R. Bowman

(10 min)

4.

Cost Savings
Fixed Asset & Lawson Study
Capital Projects in Planning

M. Petterson
M. Petterson
R. Connell

(15 min)

5.

KEMA Cost Comparison Report -- Highlights

A. Galiunas

(10 min)

6.

Credit Working Group Update

•  TNT update
• Changes to standard forms (Vote)*
  • US Guaranty and Foreign Guaranty

  • TCR Guaranty

  • Letter of Credit

• Credit implications of PRRs for BOD

M. Davies
S. Vincent



V. Spells

(15 min)

7.

Audit Updates

• SAS 70 Timing
• Financial Audit

S. Barry
S. Barry 

(10 min)

8.

Next Finance & Audit Committee Meeting—April 19, 2005

Adjourn to Joint Executive Session of Finance & Audit and Special Committees

C. Karnei

9:10 AM