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Finance and Audit Committee Meeting: Includes 2011 Budget Discussion

October 18, 2010
12:30 PM - 03:00 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206

Agenda

1.

Call to order Executive Session

C. Karnei

12:30pm

 

2.

a.  Announcement of proxies

C. Karnei

 

 

b.  Approval of executive session minutes (Vote) (09/21/10)

C. Karnei

 

 

c.  Internal Audit status report

B. Wullenjohn

 

 

d.  Review Draft 2011 Internal Audit Plan

B. Wullenjohn

 

 

e.  2011 Internal Audit Budget and Resources (Vote)

B. Wullenjohn/    T. Doggett

 

 

f.  EthicsPoint Historical Metrics and Trends

B. Wullenjohn

 

 

g.  EthicsPoint monthly update

B. Wullenjohn

 

 

h.  Quarterly private discussion with Chief Audit Executive

B. Wullenjohn

 

 

3.

Contracts, personnel, litigation and security

Various

 

 

 

Recess Executive Session

 

 

 

 

Convene General Session

 

 

 

4.

Approval of general session minutes (Vote) (09/21/10)

C. Karnei

 

 

5.

Review assumptions and preliminary schedules for the 2011 annual operating budget

M. Petterson

 

 

6.

Nodal credit (Vote)

 

 

 

-  Oliver Wyman report on Nodal credit policy and practices

Oliver Wyman

 

 

-  ERCOT credit status and recommendation

C. Yager

 

 

-  CWG status and recommendation

T. Nikazm

 

 

7.

Discussion of SAS 70 transition to Nodal

C. Moseley

 

 

8.

Committee Briefs (Q&A only)

All

 

 

9.

Future agenda items

M. Petterson

 

 

10.

Other business

M. Petterson

 

 

 

Adjourn meeting

C. Karnei

3:00pm

Scheduled FINANCE_AUDIT Meetings

Key Documents

20101018 FA Materials
Finance & Audit Meeting Materials
Oct 11, 2010 - pdf - 1.5 MB
20101018 - F & A Committee Meeting Minutes - General Session - F
Supplemental October 18, 2010 Finance & Audit Committee Approved Meeting Minutes
Nov 29, 2010 - pdf - 716.6 KB

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