Meeting · FINANCE_AUDIT

Finance and Audit Committee

Concluded date 2006-04-18 time 08:00–10:00 ercot.com

LocationERCOT Taylor, TCC1 800 Airport Drive Taylor, TX 76574 II-205

Agenda 10 items

1. Approval of Minutes* Vote — C Karnei · 8:00 a.m.
2. Update on 2005 Financial Audit — S Barry/PWC · 8:05 a.m.
3. Review of Employee Conduct Documents - Ethics Agreement - Code of Conduct - Fraud Prevention — C Shellman · 8:20 a.m.
4. Review Finance & Audit Self Assessment Results — S Byone · 8:30 a.m.
5. PMO Update - Organizational Changes - Large Project Update — R Connell · 8:40 a.m.
6. Audit Preparedness - Internal Controls - SAS 70 — S Byone/ J Brenton · 8:50 a.m.
7. Committee Briefs - Changes on ERM Stoplight (D Meek) - Credit Stats (Q&A) - Audit Point Update (Q&A) — All · 8:55 a.m.
8. Future Agenda Items - Review and approve ERCOT Annual Report - ERO Preliminary Budget Review - 2007 Budget Planning - Nodal Surcharge Filing - Credit Update — S Byone · 9:05 a.m.
Adjourn to Executive Session - SAS 70 Audit Planning (10 min) - Introduction of new Director, Internal Audit - Review Significant Audit Findings - EthicsPoint Update - Review Status of Annual Audit Plan — J Brenton C Karnei B Wullenjohn · 9:10 a.m.
Adjourn · 9:50 a.m.