Meeting · FINANCE_AUDIT

Finance and Audit Committee Meeting

Concluded date 2006-09-19 time 07:45–10:00 ercot.com

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

Agenda 19 items

1. Executive Session
SAS 70 Auditor Selection for 2007 — B Wullenjohn · 7:50 a.m.
Update on Timeline for 2007 Internal Audit Plan — B Wullenjohn · 7:55 a.m.
Update on Internal Audit Staffing — B Wullenjohn · 8:00 a.m.
Update on Internal Audit 2007 Budget Request — B Wullenjohn · 8:05 a.m.
Significant Audit Findings — B Wullenjohn · 8:10 a.m.
Ethics Point — C Vance · 8:20 a.m.
Review of Liquidity Financing Alternatives — C Yager · 8:25 a.m.
Adjourn to Regular Session · 8:45 a.m.
2. Approval of Minutes* (08/15/06) Vote — C Karnei · 8:45 a.m.
3. Audit Update
Review Results of Annual Benefit Plan Audit — N Capezzuti · 8:50 a.m.
SAS 70 Update — S Barry · 8:55 a.m.
4. Vote: Liquidity Financing Alternatives · 9:00 a.m.
5. 2007 Budget Status Report — M Petterson · 9:05 a.m.
6. 2006 Project Delivery Checkpoint — D Troxtell · 9:25 a.m.
7. Committee Briefs (major changes / Q&A) — All · 9:45 a.m.
8. Future Agenda Items / Other Topics — S Byone · 9:50 a.m.
Adjourn · 9:55 a.m.