AGENDA

BANK OF NORTH DAKOTA

EXECUTIVE COMMITTEE MEETING

Friday, January 10, 2025 – 1:30 P.M. CT

Dial in Number 701-328-0950 Conference ID 975 169 850#

1. Consent Agenda
   1. Nonconfidential Executive Committee Minutes (December 12 & 19, January 06,

2025)

1. Annual BSA Officer Approval
2. 2024 Default Prevention and Collections and SLND Collections Audit
3. 2024 Open Meetings and Open Records Requirements Audit
4. 2024-2025 Bankwide Risk Assessment Summary
5. 2024 Imaging Audit
6. Global Internal Audit Standards Self-Assessment Report
7. Physical Security Program 2024 Annual Report

II.         New Business 

1. Presentation of Current Expected Credit Losses (CECL) Model Validation – Chad Flaherty, Jake Bennett
2. Presentation of 2024 Internal Audit Annual Report/2025 Work Plan – Nick Leintz
3. Presentation of Fourth Quarter 2025 Outstanding Internal/External Audit and Compliance Items – Nick Leintz, Jenni Lang
4. Presentation of 2024 Credit Review Annual Report/2025 Work Plan – Jenni Lang
5. Presentation of 2024 Compliance Annual Report/2025 Work Plan – Jenni Lang
6. Consideration for Approval of Amendments to Funds Management Policy – Kris Ahmann
7. Consideration for Approval of 2024 Ag Disaster Relief Program – Craig Hanson
8. Consideration for Approval of 2025 BND Annual Budget – Rob Pfennig
9. Legislative Update – Kelvin Hullet

III.        Upcoming Events

1. Tribal Economic Summit – Wednesday, January 22, 2025 – Friday, January 24, 2025
2. Bismarck Mandan Chamber Membership Mixer – Thursday, February 06, 2025
3. Bismarck Mandan Chamber Annual Dinner – Thursday, March 13, 2025
4. ND league of Cities NDLC Spring Workshop – Wednesday, March 19, 2025 – Thursday, March 20, 2025

IV.        Other Business

1. Service Area Updates by Managers

V.         Next Executive Committee Meeting/Adjournment

A.   Friday, January 17, 2025, at 12:00 p.m. & 1:30 p.m., 3rd Floor Missouri River Room

      301/Teleconference

******* Meeting closed pursuant to N.D.C.C. 06-09-35, 44-04-27 & 44-04-24 discuss items listed below on the agenda under Bank of North Dakota Confidential Business *******

1. Consent Agenda

A.   2024 Physical Security Audit Memo

1. New Business
2. Consideration for Approval of 2024 Firewall Audit – Bill Gogel, Larah Leach
3. Presentation of 2024 IT General Controls Audit – Chris Keller, Mehul Lalloobhai, Neha Patel
4. Presentation of Annual Risk Acceptance Tracker – Nick Leintz
5. Presentation of Fourth Quarter 2024 Outstanding Internal/External Audit and

      Compliance Items – Nick Leintz, Jenni Lang

1. Consideration for Approval of Compliance Consulting External Report – Student Loan Cosigner (Evidens Group) – Jenni Lang
2. Consideration for Approval of Compliance Consulting External Report – Deposit Regulations (Eide Bailly) – Jenni Lang
3. Presentation of Fourth Quarter 2024 Suspicious Activity Report – Jenni Lang

*****************************Meeting Returns to Open Session*****************************

Any person who requires an auxiliary aid or service must contact or notify Bank of North Dakota Administration at 328-5881 at least three (3) working days prior to the scheduled meeting.