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Finance and Audit Committee Meeting

December 12, 2011
09:00 AM - 12:00 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206

Agenda

Item #

Agenda Item Type

Description/Purpose/Action Required

Presenter

Time

 

 

Call Open Session to order and announce proxies

Clifton Karnei

9:00 am

1.

Vote

Approve general session minutes (10/17/11)

Clifton Karnei

 

2.

Discussion

Receive report on auditor independence from Maxwell, Locke & Ritter regarding the 2011 401(k) Savings Plan Audit

Bruno Ierullo;

Maxwell, Locke & Ritter

 

3.

Vote

Recommend Board acceptance of the 2011 Service Organization Control Audit report

Mark Ruane;

Brightline

 

4.

Discussion

Receive report on auditor independence from Brightline regarding the 2012 Service Organization Control Audit

Mark Ruane;

Brightline

 

5.

Discussion

Update on Commodities Exchange Act exemption

Mark Ruane

 

6.

Discussion

Review Finance and Audit Committee member responses to the committee’s annual self-assessment survey

Clifton Karnei

 

7.

Discussion

Quarterly Committee education on accounting developments

Rebecca Beckham

 

8.

Discussion

Review Committee briefs

Mike Petterson

 

9.

Discussion

Future agenda items

Mike Petterson

 

10.

 

Other business

Mike Petterson

 

 

 

Convene to Executive Session

Clifton Karnei

 

11.

Vote

Approve executive session minutes (10/17/11)

Clifton Karnei

 

12.

Discussion

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

 

 

 

13.

Discussion

Chief Audit Executive status report

Bill Wullenjohn

 

 

 

Reconvene to Open Session

Clifton Karnei

 

14.

Vote

Vote on Matters from Executive Session

Clifton Karnei

 

 

 

Adjourn meeting

Clifton Karnei

12:00 pm

Scheduled finance_audit Meetings

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