Meeting · FINANCE_AUDIT

Finance & Audit Committee Meeting

Concluded date 2017-04-03 time 12:00 ercot.com

LocationERCOT Austin 8000 Metropolis (Building E), Suite 100 Austin, TX 78744 Room 206

Agenda 25 items

1. Call General Session to Order, Announce Proxies and Segment Alternates · Chair
2. February 13, 2017 General Session Meeting Minutes — Vote · Chair
3. Committee Education on the Clarification and Recodification of Service Organization Control Audit Standards — Discussion · Schellman & Company
4. Discussion of 2018-2019 Biennial Budget Assumptions — Discussion · Sean Taylor
5. Periodic Report on Credit Work Group Activity — Discussion · Donald Meek, CWG Chair
6. Letter of Credit Issuer Limits — Discussion · Mark Ruane
7. Revised Committee Education Plan for 2017 — Discussion · Michael Petterson
8. Committee Briefs — Discussion · Michael Petterson
8.1 Review 2017 Financial Summary — Discussion · Sean Taylor
8.2 Periodic Report on Investments — Discussion · Leslie Wiley
9. Periodic Meeting with Independent Financial Auditor — Discussion · Sean Taylor/
9.1 Review of Requirements for Annual Audit of Financial Statements — Discussion · Sean Taylor
9.2 Report on December 31, 2016 Financial Audit — Discussion · Baker Tilly
9.3 Review of Audited Financial Statements — Discussion · Sean Taylor
9.4 Recommendation Regarding Acceptance of Financial Statements Audit Report — Vote · Sean Taylor
10. Future Agenda Items — Discussion · Michael Petterson
11. Other Business — Discussion · Michael Petterson
Convene Executive Session · --
February 13, 2017 Executive Session Meeting Minutes — Vote · Chair
Periodic Report on Internal Audit Activity — Discussion · Penny Rychetsky
Contract, Personnel, Security, Compliance, Risk Management, Litigation and Regulatory Matters — Discussion · Staff
Reconvene General Session · --
12. Vote on Matters from Executive Session — Vote · Chair
13. 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. The next regularly-scheduled F&A Committee Meeting is expected to be held on June 12, 2017 at 7620 Metro Center Drive, Austin, Texas. Additional Information Live and archived broadcasts of board meetings are available at: http://www.adminmonitor.com/tx/ercot/. If you experience difficulty viewing the broadcast, please contact the Admin Monitor Help Desk at 1-888-792-8686 (toll free) for assistance.