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Finance & Audit Committee Meeting

February 11, 2020
09:00 AM

ERCOT Austin

8000 Metropolis (Building E), Suite 100
Austin, TX 78744

Room 206

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 9, 2019 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 2020	Discussion	Sean Taylor
9.	Forecast Adequacy of the Budgeted System Administration Fee	Discussion	Sean Taylor
10.	Committee Briefs	Discussion	Staff
	10.1 Review 2019 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	Sean Taylor
12.	Other Business	Discussion	Sean Taylor
	Break

*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 13, 2020 at 7620 Metro Center Drive, Austin, Texas.

Additional Information

A live meeting webcast will be available on the main web page for the Finance & Audit Committee: https://www.ercot.com/committees/board/finance_audit. If you experience technical problems associated with the webcasting service, please contact webcast service provider Swagit Productions directly by phone at (214) 432-5905 (main office) or (800) 573-3160 (toll free).