Finance and Audit Committee Meeting

    December 12, 2016
    01:00 PM
    ERCOT Austin Room 206
    7620 Metro Center Dr.
    Austin, TX 78744

    Agenda

    Finance and Audit (F&A) Committee Meeting

    Room 206; 7620 Metro Center Drive, Austin, Texas

    December 12, 2016; 1:00 p.m. to 3:00 p.m.*

     

    Item

    Topic

    Topic Type

    Presenter

    1.

    Call General Session to Order, Announce Proxies and Segment Alternates

    --

    Vice Chair

    2.

    October 10, 2016 General Session Meeting Minutes

    Vote

    Vice Chair

    3.

    Results of Examination and Independence Report from the Service Organization Control (SSAE 16) Auditor

    Discussion

    Schellman & Company

    4.

    Recommendation Regarding Acceptance of 2016 Service Organization Control (SSAE 16) Audit Report

    Vote

    Allison Atherton and Schellman & Company

    5.

    Periodic Report on Credit Work Group Activity

    Discussion

    Donald Meek, CWG Chair

    6.

    Recommendation Regarding Modifications to Guarantee Agreement, Letter of Credit and Surety Bond Standard Forms

    Vote

    Mark Ruane

    7.

    Annual Committee Self-Evaluation Survey Results

    Discussion

    Vice Chair

    8.

    Committee Briefs

    Discussion

    Staff

    8.1

    Review 2016 Financial Summary

    Discussion

    Sean Taylor

    8.2

    Periodic Report on Investments

    Discussion

    Leslie Wiley

    9.

    Future Agenda Items

    Discussion

    Michael Petterson

    10.

    Other Business

    Discussion

    Michael Petterson

     

    Convene Executive Session

    --

    --

     

    October 10, 2016 Executive Session Meeting Minutes

    Vote

    Vice Chair

     

    Contract, Personnel, Security, Compliance, Risk Management, Litigation and Regulatory Matters

    Discussion

    Staff

     

    Recommendation regarding Selection of 2017 Independent Service Organization Control (SSAE 16) Auditor

    Discussion

    Allison Atherton

     

    Periodic Report on Internal Audit Activity

    Discussion

    Penny Rychetsky

     

    Reconvene General Session

    --

    --

    11.

    Vote on Matters from Executive Session

    Vote

    Vice Chair

    12.

    Adjournment

    --

    Vice 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.

     

    The next regularly-scheduled F&A Committee Meeting is expected to be held on

    February 13, 2017 at 7620 Metro Center Drive, Austin, Texas.

    Additional Information

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    Scheduled Finance & Audit Meetings