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Finance & Audit Committee Meeting

February 26, 2024
09:00 AM - 11:30 AM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Boardroom A

Agenda

Item

Topic

Topic Type

Presenter


Convene General Session

--

--

1.

Call General Session to Order

--

Chair

2.

Notice of Public Comment, if Any

Discussion

Chair

3.

December 18, 2023 General Session Meeting Minutes

Vote

Chair

4.

Annual Charter Review and Approval

--

--

4.1

Recommendation regarding Committee Charter

Vote

Chair

4.2

Internal Audit Department Charter

Vote

Penny Rychetsky

5.

Annual Policy Review

--

--

5.1

Handling of Complaints Regarding Financial Matters

Discussion

Richard Scheel

5.2

Policy on Hiring Former Employees of the Independent Auditor

Discussion

Richard Scheel

5.3

Policy on Independent Auditor Selection

Discussion

Richard Scheel

6.

Annual Risk Assessments

--

--

6.1

Forecast Adequacy of the Budgeted System Administration Fee Rate

Discussion

Richard Scheel

6.2

Review of Financial Institutions that are Market Participants

Discussion

Leslie Wiley

7.

Annual Corporate Standards Review and Approval

--

--

7.1

Recommendation regarding Financial Corporate Standard

Vote

Leslie Wiley

7.2

Recommendation regarding Investment Corporate Standard

Vote

Leslie Wiley

8.

Committee Briefs

Discussion

Staff

8.1

Review 2023 Financial Summary

Discussion

Sean Taylor

8.2

Periodic Report on Investments

Discussion

Sean Taylor

8.3

Periodic Report on Debt Compliance

Discussion

Sean Taylor

8.3.1

Timing of Subchapter M Refinancing

Discussion

Sean Taylor

9.

Future Agenda Items

Discussion

Sean Taylor

10.

Other Business

Discussion

Chair


Break

--

--


Convene Executive Session

--

--


December 18, 2023 Executive Session Meeting Minutes

Vote

Chair


Risk Management and Other Matters Authorized for Consideration in a Closed Meeting pursuant to Government Code Chapter 551

Discussion

Staff


Annual Certification of Internal Controls

Discussion

Pablo Vegas 


Periodic Report on Internal Audit Activity 

Discussion

Penny Rychetsky 


Reconvene General Session

--

--

11.

Vote on Matters from Executive Session

Vote

Chair

12.

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.

 

Any person who wants to comment at the meeting on one or more of the matters under discussion at public portions of the meeting can do so by completing a form provided at the meeting with the following information:

  1. Name
  2. Company or organization, if applicable
  3. Preferred email address
  4. The agenda item(s) for which comments will be made
  5. The general substance of the comments to be made

 

Please arrive at least 10 minutes prior to the start of the meeting to allow time to complete the form.

 

The live webcast of the General Session of the meeting may be viewed on the ERCOT website: 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).

Scheduled finance_audit Meetings

Key Documents

All information is posted as Public in accordance with the ERCOT Websites Content Management Corporate Standard.

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