Audit Committee Meeting - April 17, 2020

Due to Governor Greg Abbott’s March 13, 2020 proclamation of a state of disaster affecting all counties in Texas due to the Coronavirus (COVID-19) and the Governor’s March 16, 2020 suspension of certain provisions of the Texas Open Meetings Act, the April 17, 2020 meeting of the Finance Commission of Texas will be held by telephonic conference call, as authorized under Texas Government Code section 551.125.

Members of the public who would like to participate in this meeting will need to register for the Audit Committee and Finance Commission Meeting. The agenda is available below, and a copy of the meeting materials will be available on April 9, 2020 on the Finance Commission website. To access the recording visit the meeting material and packets section of the website after April 17, 2020. 

 

 
Packet
 
 
Audio
 
 
Minutes

 

Time:
8:30 a.m.
Via Webinar

Public comment on any agenda item or issue under the jurisdiction of the Finance Commission agencies is allowed. Finance Commission members who are not members of the Audit Committee may be present at this committee meeting creating a quorum of the Finance Commission.

  1. Review and Approval of the Minutes of the February 14, 2020, Audit Committee Meeting
     
  2. Review of Agencies’ Activities
     
    1. Texas Department of Banking
    2. Department of Savings and Mortgage Lending
    3. Office of Consumer Credit Commissioner
       
  3. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Agencies’ Fiscal Year 2020 Internal Auditor’s Risk Assessment and Audit Plan
     
    1. Texas Department of Banking
    2. Department of Savings and Mortgage Lending
    3. Office of Consumer Credit Commissioner
       
  4. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Agencies’ February 29, 2020 Investment Officer Reports
     
    1. Texas Department of Banking
    2. Department of Savings and Mortgage Lending
    3. Office of Consumer Credit Commissioner
       
  5. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Agencies’ 2020 Second Quarter Financial Statements
     
    1. Texas Department of Banking
    2. Department of Savings and Mortgage Lending
    3. Office of Consumer Credit Commissioner
       
  6. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Reduction of Assessment Rates, and the Reserve and Expenditure of Funds for Thrift Examination and Supervision for FY2020, as needed, in Connection with the Charles Schwab Bank, SSB and Charles Schwab Premier Bank, SSB Conversions
     
  7. Report on Activities Relating to the Texas Financial Education Endowment Fund
     

Note: The Audit Committee may go into executive session (close its meeting to the public) on any agenda item if appropriate and authorized by the Open Meetings Act, Texas Government Code, Chapter 551.

Meeting Accessibility:Under the Americans with Disabilities Act, the Finance Commission will accommodate special needs. Those requesting auxiliary aids or services should notify the Texas Department of Banking, 2601 North Lamar Boulevard, Austin, Texas 78705, (512) 936-6222, as far in advance of the meeting as possible.