Agenda Item #

Description/Purpose/Action Required

Presenter

Time

Call to order

C Karnei

7:30 a.m.

1.       

Adjourn to executive session

-  Significant audit findings

B Wullenjohn

7:30 a.m.

-  EthicsPoint update

E Arterberry

7:35 a.m.

-  Update on Internal Audit staffing

B Wullenjohn

7:40 a.m.

-  Update on Internal Audit goals

B Wullenjohn

7:45 a.m.

-   Discussion with executive management

Jones/Byone

7:50 a.m.

-   Assessment of the adequacy & effectiveness of IA staff

B Wullenjohn;  then committee discussion

8:00 a.m.

Reconvene to general session

8:15 a.m.

2.       

Approval of Minutes* (Vote) (1/16/07)

C Karnei

8:15 a.m.

3.       

Review Finance and Audit Committee charter

S Byone

8:20 a.m.

4.       

Lessons learned from 2006 SAS 70

S Barry/
J Brenton

8:35 a.m.

5.       

Review of 2006 financial results & vote on use of surplus funds (VOTE)

M Petterson

8:45 a.m.

6.       

Approval of selected auditors for final audit of MPP (VOTE)

M Petterson

8:55 a.m.

7.       

Assessment of compliance, the internal control environment and systems of internal controls

C Moseley/
M Petterson

9:00 a.m.

8.       

Briefing on nodal surcharge filing

S Byone

9:10 a.m.

9.       

Liquidity Update

C Yager

9:20 a.m.

10.   

Capital Project Update

D Troxtell

9:30 a.m.

11.   

Committee Briefs (Q&A only)

n/a

9:40 a.m.

12.   

Future Agenda Items

S Byone

9:50 a.m.

Adjourn

9:55 a.m.