1. Finance and Audit Committee Judy Walsh FAC Chair April 30, 2009

2. MOTION: Approve the 2008 audited financial statements. 2

3. Performance Against Budget @ 3/31/2009 (in 000s) 3 2 Excludes RCs, Training, DSW and WREGIS; Includes NERC/WIRAB Assessments

4. 2009 Budget (in 000s) 4 2 Excludes RCs, Training, DSW and WREGIS; Includes NERC, WIRAB and Reserves Increase

5. Potential 2009 Budget Issues CIP Audits ~ $250K NERC AUP Consultant ~ $200K WECC will attempt to find savings elsewhere in the budget to cover these unanticipated 2009 expenditures. 5

6. 2010 Budget – Major Drivers Increase of 32.5 FTEs; 21 in Compliance, 7 in RC Centers Increase of one million dollars for CIP audits Decrease of $540K due to termination of RC liability policy 6

7. 2010 Budget – Open Issues NERC Assessments were budgeted to increase 5% ($290K) based on preliminary conversations with NERC in January Proposed and most current NERC budget increase is 41%; approximate $2.3 million increase in assessments to WECC region 7

8. WECC 2009/2010 Reserve Analysis 1 (in 000s) 8