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Finance and Audit Committee Meeting

February 20, 2012
01:00 PM - 04:00 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206
Agenda

Item

Topic

Topic Type

Presenter

Time

1.

Call Open Session to order and announce proxies

Discussion

Trip Doggett

1:00 pm

2.

Confirm Finance and Audit Committee membership

Discussion

Trip Doggett

 

3.

Elect Chair of the Finance and Audit Committee

Vote

Trip Doggett

 

4.

Elect Vice Chair of the Finance and Audit Committee

Vote

Chair

 

5.

Designate Secretary of the Finance and Audit Committee

Vote

Chair

 

6.

Approve general session minutes (12/12/11)

Vote

Chair

 

7.

Review and assess adequacy of the Finance and Audit Committee charter

Discussion

Chair

 

8.

Approve the Credit Work Group charter

Vote

Mark Ruane

 

9.

Appoint Credit Work Group Chair and Vice Chair

Vote

Mark Ruane

 

 

10.

Review and recommend Board Approval of the Market Credit Risk Corporate Standard

Vote

Mark Ruane

 

11.

Review and recommend Board approval of the Financial Corporate Standard

Vote

Leslie Wiley

 

12.

Review and recommend Board approval of the Investment Corporate Standard

Vote

Leslie Wiley

 

13.

Review forecast liquidity requirements and debt structure options

Vote

Leslie Wiley

 

14.

Review Committee briefs

  1. Management report on significant accounting judgments and estimates
  2. Management procedures for handling of complaints regarding financial reporting
  3. Management policy for hiring former employees of the independent auditor
  4. 2011 IRS Form 990 preparation schedule and related questionnaire to be distributed to board members
  5. Report of audit activity
  6. Periodic investment report

Discussion

Mike Petterson

 

15.

Future agenda items

Discussion

Chair

 

16.

Other business

Discussion

Mike Petterson

 

 

Convene to Executive Session

 

Chair

 

17.

Approve executive session minutes (12/12/11)

Vote

Chair

 

18.

Contract, personnel, security, compliance, risk management, litigation and regulatory matters

Discussion

Chair

 

 

19.

Chief Audit Executive status report

Discussion

Bill Wullenjohn

 

 

Reconvene to Open Session

 

Chair

 

20.

Vote on Matters from Executive Session

Vote

Chair

 

 

Adjourn meeting

 

Chair

4:00 pm

Scheduled finance_audit Meetings

Key Documents

F&A General Session 2012-02-20v1
Feb 13, 2012 - pdf - 7.6 MB
February 20, 2012 F&A Committee Meeting Minutes
Oct 3, 2012 - pdf - 277.8 KB
Final version 20120220 FA Agenda_20120213v4_MWP_20120213
Feb 13, 2012 - doc - 89 KB

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