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Finance & Audit Committee Meeting

February 19, 2018 01:00 PM
ERCOT Austin Room 206
7620 Metro Center Dr.
Austin, TX 78744

Agenda

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 11, 2017 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.

Proposed Updates to Board of Directors Material on DAM Net Flow vs. Real-Time Load

Discussion

Kenan Ögelman

9.

Data Center Refresh Update

Discussion

Bryan Hanley

10.

Committee Education Plan for 2018

Discussion

Michael Petterson

11.

Forecast Adequacy of the Budgeted System Administration Fee

Discussion

Sean Taylor

12.

Committee Briefs

Discussion

Staff

 
12.1

Review 2017 Financial Summary

Discussion

Sean Taylor

 
12.2

Periodic Report on Investments

Discussion

Leslie Wiley

 
12.3

Financial Institutions which are Market Participants

Discussion

Leslie Wiley

13.

Future Agenda Items

Discussion

Michael Petterson

14.

Other Business

Discussion

Michael Petterson

 

Convene Executive Session

--

--

 

December 11, 2017 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

--

--

15.

Vote on Matters from Executive Session

Vote

Chair

16.

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 9, 2018 at 7620 Metro Center Drive, Austin, Texas.

 

 

Additional Information

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Scheduled Finance & Audit Meetings