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Finance & Audit Committee Meeting

April 07, 2025 Add to personal calendar
11:30 AM - 03:00 PM

ERCOT Austin

8000 Metropolis (Building E), Suite 100
Austin, TX 78744

Boardroom A

Agenda

Item	Topic	Topic Type	Presenter
	Convene General Session	--	--
1.	Call General Session to Order	--	Chair
2.	Notice of Public Comment, if Any	Discussion	Chair
3.	February 3, 2025 General Session Meeting Minutes	Vote	Chair
4.	Periodic Meeting with Independent Financial Auditor	Discussion	Richard Scheel / Baker Tilly
4.1	Review of Requirements for Annual Audit of Financial Statements and Annual Servicer’s Certificate	Discussion	Richard Scheel
4.2	Report on December 31, 2024 Financial Audit and Annual Servicer’s Certificate	Discussion	Baker Tilly
4.3	Review of Audited Financial Statements and Annual Servicer’s Certificate	Discussion	Richard Scheel
5.	Committee Briefs	--	--
5.1	Review 2025 Financial Summary	Discussion	Richard Scheel
5.2	Periodic Report on Investments	Discussion	Richard Scheel
5.3	Periodic Report on Debt Compliance	Discussion	Richard Scheel
6.	Review Proposed 2026 / 2027 Biennial Budget	Discussion	Richard Scheel /Chad V. Seely /Jayapal Parakkuth /Woody Rickerson
7.	Future Agenda Items	Discussion	Richard Scheel
8.	Other Business	Discussion	Chair
	Break	--	--
	Convene Executive Session	--	--
	February 3, 2025 Executive Session Meeting Minutes	Vote	Chair
	Risk Management and Other Matters Authorized for Consideration in a Closed Meeting pursuant to Government Code Chapter 551	Discussion	Staff
	Periodic Report on Internal Audit Activity	Discussion	Penny Rychetsky
	Committee-only Discussion of Risk Management and Other Matters Authorized for Consideration in a Closed Meeting pursuant to Government Code Chapter 551	Discussion	Chair
	Reconvene General Session	--	--
9.	Vote on Matters from Executive Session	Vote	Chair
9.1	2024 Financial Statements Audit Reports	--	--
9.1.1	Recommendation regarding Acceptance of ERCOT Consolidated Financial Statements Audit Report	Vote	Richard Scheel
9.1.2	Recommendation regarding Acceptance of Texas Electric Market Stabilization Funding M LLC Financial Statements Audit Report	Vote	Richard Scheel
9.1.3	Recommendation regarding Acceptance of Texas Electric Market Stabilization Funding N LLC Financial Statements Audit Report	Vote	Richard Scheel
9.2	Selection of Independent Financial Auditor	--	--
9.2.1	Recommendation regarding Selection of Independent Financial Auditor for ERCOT Consolidated Financial Statements	Vote	Richard Scheel
9.2.2	Recommendation regarding Selection of Independent Financial Auditor for Texas Electric Market Stabilization Funding M LLC Financial Statements	Vote	Richard Scheel
9.2.3	Recommendation regarding Selection of Independent Financial Auditor for Texas Electric Market Stabilization Funding N LLC Financial Statements	Vote	Richard Scheel
10.	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:

Name
Company or organization, if applicable
Preferred email address
The agenda item(s) for which comments will be made
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).