Agenda Book - June 19, 2015

Joint Meeting of the Illinois Student Assistance Commission, The Investment Committee and the Investment Advisory Panel

Robert Morris University
401 South State Street
Room 803
Chicago, IL

June 19, 2015
1:00 p.m.

1. Announcements
2. Approval of Minutes of the April 1, 2015 Commission Meeting (Action)
   Action Taken: Approved
3. Executive Director’s Report (Information)
4. College Illinois!® Prepaid Tuition Program Investments
   1. Approval of Minutes of the May 19, 2015 Meeting of the Investment Committee (Action: Investment Committee)
      Action Taken: Approved
   2. Investment Update (Information)
   3. Approval of the Asset Allocation and Investment Policy Revisions (Action)
      Action Taken: Approved
   4. Approval of the Transactional and Contractual Authority Relating to Custodial Services for the College Illinois! Prepaid Tuition Trust Fund
      (Action: Investment Committee) (Action: Commission)
      Action Taken: Approved
   5. Approval of the Investment Procurement Rules (Action: Investment Committee) (Action: Commission)
      Action Taken: Approved
   6. Approval of the Fixed Income Procurement (Action: Investment Committee) (Action: Commission)
      Action Taken: Approved
   7. Investment Advisory Panel Advice to the Commission (Information)
5. College Illinois! Prepaid Tuition Program Contract Prices and Fees for 2015-2016 Enrollment Period (Action)
   Action Taken: Approved
6. State Legislative Update (Information)
7. Approval of Fiscal Year 2016 Monetary Award Program (MAP) Recompute Formula (Action)
   Action Taken: Approved
8. Fiscal Year 2016 Budget Review and Approvals
   1. Approval of the General Revenue Fund (GRF) Budget (Action)
      Action Taken: Approved
   2. Approval of the Student Loan Operating Fund (SLOF) Budget (Action)
      Action Taken: Approved
   3. Approval of the Illinois Designated Account Purchase Program (IDAPP) Budget (Action)
      Action Taken: Approved
   4. Approval of the College Illinois!® Prepaid Tuition Program Budget (Action)
      Action Taken: Approved
9. Internal Audit
   1. Audit Committee Update (Information)
   2. Approval of the Fiscal Year 2016 Internal Audit Plan (Action)
      Action Taken: Approved
10. Public Comment
11. Closed Session: Personnel and Review of Closed Minutes (Action)
    Action Taken: Approved
12. Approval of Closed Session Action Items
    1. Approval of Minutes of the January 27, 2015 Closed Session and Determination Regarding Confidentiality (Action)
       Action Taken: Approved
    2. Approval of Closed Session Minutes Redetermination Regarding Confidentiality (Action)
       Action Taken: Approved
    3. Approval of Closed Meetings Records Retention Determination (Action)
       Action Taken: Approved
    4. Personnel Evaluation (Action)
       Action Taken: Approved
13. Approval of Open Meetings Records Retention Determination (Action)
    Action Taken: Approved