Finance & Audit Committee Meeting

    February 13, 2017
    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

    February 13, 2017; 1:00 p.m. to 3:30 p.m.*

     

    Item

    Topic

    Topic Type

    Presenter

    1.

    Call General Session to Order, Announce Proxies and Segment Alternates

    --

    Board Chair

    2.

    Confirm Committee Membership and Leadership

    --

    --

    2.1

    Confirm Committee Membership

    Discussion

    Board Chair

    2.2

    Election of Committee Chair

    Vote

    Board Chair

    2.3

    Election of Committee Vice Chair

    Vote

    Board Chair

    2.4

    Designation of Committee Secretary

    Vote

    Chair

    3.

    December 12, 2016 General Session Meeting Minutes

    Vote

    Chair

    4.

    Charter Review and Approval

    --

    --

    4.1

    Recommendation Regarding Committee Charter

    Vote

    Chair

    4.2

    Review and Approval of Internal Audit Department Charter

    Vote

    Penny Rychetsky

    4.3

    Review and Ratification of Credit Work Group Charter

    Vote

    Mark Ruane

    5.

    Policy Review and Approval

    --

    --

    5.1

    Recommendation Regarding Market Credit Risk Corporate Standard

    Vote

    Mark Ruane

    5.2

    Recommendation Regarding Financial Corporate Standard

    Vote

    Leslie Wiley

    5.3

    Recommendation Regarding Investment Corporate Standard

    Vote

    Leslie Wiley

    5.4

    Handling of Complaints Regarding Financial Matters

    Discussion

    Sean Taylor

    5.5

    Policy on Hiring Former Employees of the Independent Auditor

    Discussion

    Sean Taylor

    5.6

    Policy on Independent Auditor Selection

    Discussion

    Sean Taylor

    6.

    Confirmation of Credit Work Group Chair and Vice Chair

    Vote

    Mark Ruane

    7.

    Periodic Report on Credit Work Group Activity

    Discussion

    CWG Chair

    8.

    Committee Education Plan for 2017

    Discussion

    Michael Petterson

    9.

    Forecast Adequacy of the Budgeted System Administration Fee

    Discussion

    Sean Taylor

    10.

    Committee Briefs

    Discussion

    Staff

    10.1

    Review 2016 Financial Summary

    Discussion

    Sean Taylor

    10.2

    Periodic Report on Investments

    Discussion

    Leslie Wiley

    10.3

    Financial Institutions which are Market Participants

    Discussion

    Leslie Wiley

    11.

    Future Agenda Items

    Discussion

    Michael Petterson

    12.

    Other Business

    Discussion

    Michael Petterson

     

    Convene Executive Session

    --

    --

     

    December 12, 2016 Executive Session Meeting Minutes

    Vote

    Chair

     

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

    Discussion

    Staff

     

    Periodic Report on Internal Audit Activity

    Discussion

    Penny Rychetsky

     

    Reconvene General Session

    --

    --

    13.

    Vote on Matters from Executive Session

    Vote

    Chair

    14.

    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.

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

    April 3, 2017 at 7620 Metro Center Drive, Austin, Texas.

     

    Additional Information

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    If you experience difficulty viewing the broadcast, please contact the Admin Monitor Help Desk at 1-888-792-8686 (toll free) for assistance. 

     

    Scheduled Finance & Audit Meetings