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Finance & Audit Committee Meeting

April 22, 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.

February 26, 2024 General Session Meeting Minutes

Vote

Chair

4.

Periodic Meeting with Independent Financial Auditor

Discussion

Richard Scheel / Baker Tilly

4.1

Review of Requirements for Annual Audit of Financial Statements and Annual Servicer’s Certificate

Discussion

Richard Scheel

4.2

Report on December 31, 2023 Financial Audit and Annual Servicer’s Certificate

Discussion

Baker Tilly

4.3

Review of Audited Financial Statements and Annual Servicer’s Certificate

Discussion

Richard Scheel

5.

Committee Briefs

--

--

5.1

Review 2024 Financial Summary

Discussion

Sean Taylor

5.2

Periodic Report on Investments

Discussion

Sean Taylor

5.3

Periodic Report on Debt Compliance

Discussion

Sean Taylor

6.

Future Agenda Items

Discussion

Sean Taylor

7.

Other Business

Discussion

Chair


Break

--

--


Convene Executive Session

--

--


February 26, 2024 Executive Session Meeting Minutes

Vote

Chair


Recommendation regarding Selection of Independent Financial Auditor for ERCOT Consolidated Financial Statements

Discussion

Richard Scheel


Recommendation regarding Selection of Independent Financial Auditor for Texas Electric Market Stabilization Funding M LLC Financial Statements

Discussion

Richard Scheel


Recommendation regarding Selection of Independent Financial Auditor for Texas Electric Market Stabilization Funding N LLC Financial Statements

Discussion

Richard Scheel


Periodic Report on Internal Audit Activity

Discussion

Penny Rychetsky


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

Discussion

Staff


Reconvene General Session

--

--

8.

2023 Financial Statements Audit Reports

--

Richard Scheel

8.1

Recommendation regarding Acceptance of ERCOT Consolidated Financial Statements Audit Report

Vote

Richard Scheel

8.2

Recommendation regarding Acceptance of Texas Electric Market Stabilization Funding M LLC Financial Statements Audit Report

Vote

Richard Scheel

8.3

Recommendation regarding Acceptance of Texas Electric Market Stabilization Funding N LLC Financial Statements Audit Report

Vote

Richard Scheel

9.

Vote on Matters from Executive Session

Vote

Chair

10.

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

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

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