Meeting · FINANCE_AUDIT

Finance and Audit Committee Meeting: ERCOT

Concluded date 2008-05-20 time 08:15–10:00 ercot.com

LocationERCOT Austin 8000 Metropolis (Building E), Suite 100 Austin, TX 78744 Room 168

Agenda 19 items

1. Call to order Executive Session — C. Karnei · 8:15am
2. a. Approval of executive session minutes (04/15/08) Vote — C. Karnei · 8:15am
b. Approval of Internal Audit department charter Vote — B. Wullenjohn · 8:17am
c. Internal Audit status report — B. Wullenjohn · 8:20am
d. Internal Audit 2008 Goals Update — B. Wullenjohn · 8:25am
e. EthicsPoint update — B. Wullenjohn · 8:30am
f. Review of ERCOT security projects — J. Brenton · 8:35am
g. Review insurance coverage(s) — C. Yager · 8:50am
Recess Executive Session · 9:00am
Convene General Session
3. Approval of general session meeting minutes (04/03/08) (04/15/08) Vote — C. Karnei · 9:00am
4. Final review of proposed 2009 budget, proposed fees and financial performance measures Vote — M. Petterson · 9:02am
5. Application of the 2007 actual vs budget revenue requirement variance Vote — M. Petterson · 9:15am
6. Financial audit - Review/acceptance of final changes — M. Petterson · 9:20am
7. Review procedures for handling reporting violations — M. Petterson · 9:25am
8. Update on Credit Work Group activities — A. List / C. Yager · 9:30am
9. Committee Briefs (Q&A only) — All · 9:40am
10. Future agenda items — S. Byone · 9:45am
Adjourn ISO meeting — C. Karnei · 9:50am