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Finance and Audit Committee Meeting: Includes 2012 Budget Discussion

July 18, 2011
11:30 AM - 02:00 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206

Agenda

 

Call Open Session to order and announce proxies

Clifton Karnei

11:30am

 

1.

Approve general session minutes (6/20/11)

Clifton Karnei

 

 

2.

Review proposed 2012 budget

Misti Hancock

 

 

3.

Update on Commodities Exchange Act exemption

Mark Ruane

 

 

4.

Recommend changes to standard forms of Letter of Credit and Market Participant Guarantee Agreements

Chad Seely

 

 

5.

Credit update - procedures for setting nodal day-ahead market credit requirement parameters

Mark Ruane

 

 

6.

Review Committee briefs

Mike Petterson

 

 

7.

Future agenda items

Mike Petterson

 

 

8.

Other business

Mike Petterson

 

 

 

Convene to Executive Session

Clifton Karnei

 

 

9.

Approve executive session minutes (6/20/11)

Clifton Karnei

 

 

10.

a.  Internal Audit status report

Bill Wullenjohn

 

 

b.  Discussion of Internal Audit staffing for 2012

Bill Wullenjohn / Trip Doggett

 

 

c.  Quarterly Update on EthicsPoint Historical Metrics and Trends

Bill Wullenjohn

 

 

d.  EthicsPoint update

Bill Wullenjohn

 

 

e.  Quarterly Private Discussion with Chief Audit Executive

Bill Wullenjohn

 

 

11.

Contract, personnel, security, compliance, risk management, litigation and regulatory matters

Clifton Karnei

 

 

 

Reconvene to Open Session

 

 

 

 

Adjourn meeting

Clifton Karnei

2:00pm

 

Scheduled FINANCE_AUDIT Meetings

Key Documents

Feb 28, 2014 - pdf - 213.9 KB
20110718 FA Meeting Materials
Finance & Audit Committee Meeting Materials
Jul 11, 2011 - pdf - 1.3 MB

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