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Finance and Audit Committee Meeting

July 19, 2005
07:30 AM - 09:10 AM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Rm. 168

Agenda

Call to Order

C. Karnei

7:30 AM

1.

Approval of June 17, 2005 Minutes

C. Karnei

(5 min)

2.

Budget Status & Schedule

D. Kasper

(15 min)

3.

Financial

  • Floating vs Fixed Rate -- PUC Response (possible vote)
  • Forecast of Financials for 2005 year end

 

S. Byone
M. Petterson

(10 min)

 

(5 min)

4.

Credit Update

  • Status of TAC Task Force activity
  • Status of TNT Credit
  • Collateral Status with QSE’s

C. Yager

(10 min)

5.

 

Audit Updates

  • Financial Audits -- 2004/2003
  • SAS 70 -- Plan/Briefing
  • Internal Audit 2005 Plan

 

S. Barry
S. Barry
E. Ettorre

(10 min)
(5 min)
(10 min)

6.

Capitalized Project Update

R. Connell

(10 min)

7.

Deloitte & Touche

  • Completion of ICMP implementation

 

R. Penshorn

(15 min)

8.

Future Agenda Items

  • Budget Presentation (public meeting Aug. 3; Special F&A Committee Meeting Aug 8)
  • Enterprise Risk Management (ERM)
  • Internal Control Management Process (ICMP)
  • Selection process for 2006 Auditors

 

R. Bowman/T. Schrader

(5 min)

 

 

Next Finance & Audit Committee Meeting -- August 16, 2005

 

 

 

Adjourn to Executive Session

C. Karnei

9:10 AM

Scheduled FINANCE_AUDIT Meetings

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