Audit Committee Meeting - August 21, 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 August 21, 2020 meeting of the Finance Commission of Texas will be held via webinar/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 August 13, 2020 on the Finance Commission website. To access the recording visit the meeting material and packets section of the website after August 21, 2020. 

 

 
Packet
 
 
Minutes
 
 
Audio
 

 

Time:
8:30 a.m.
Via Webinar

Webinar ID:
805-573-147

Public comment on any agenda item or issue under the jurisdiction of the Finance Commission of Texas 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 June 19, 2020 Audit Committee Meeting
     
  2. Review of Agencies’ Activities
     
    1. Department of Savings and Mortgage Lending
    2. Office of Consumer Credit Commissioner
    3. Texas Department of Banking
       
  3. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Agencies’ 2020 Third Quarter Investment Officer Reports
     
    1. Department of Savings and Mortgage Lending
    2. Office of Consumer Credit Commissioner
    3. Texas Department of Banking
       
  4. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Readoption of the Investment Policies for:
     
    1. Department of Savings and Mortgage Lending
    2. Office of Consumer Credit Commissioner
    3. Texas Department of Banking
       
  5. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Agencies’ 2020 Third Quarter Financial Statements
     
    1. Department of Savings and Mortgage Lending
    2. Office of Consumer Credit Commissioner
    3. Texas Department of Banking
       
  6. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Agencies’ Fiscal Year 2021 Operating Budgets
     
    1. Department of Savings and Mortgage Lending
    2. Office of Consumer Credit Commissioner
    3. Texas Department of Banking
       
  7. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Department of Savings and Mortgage Lending’s 2020 Annual Internal Audit Report as Prepared and Presented by Garza/Gonzalez & Associates
     
  8. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Office of Consumer Credit Commissioner’s 2020 Annual Internal Audit Report as Prepared and Presented by Garza/Gonzalez & Associates
     
  9. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Texas Department of Banking’s Revenue Accounting Process Audit Report as Prepared and Presented by Garza/Gonzalez & Associates
     
  10. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Texas Department of Banking’s 2020 Annual Internal Audit Report as Prepared and Presented by Garza/Gonzalez & Associates
     
  11. Report on Activities Relating to the Texas Financial Education Endowment Fund
     

Note: The Audit Committee of the Finance Commission of Texas 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 of Texas 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