Skip to Content Bruce Rauner, Governor, State of Illinois

Agenda Book - July 22, 2014

Joint meeting of the Illinois Student Assistance Commission, The Audit Committee and the Investment Committee

James R. Thompson Center
Room 2-025
100 W. Randolph St.
Chicago, IL

July 22, 2014
9:00 a.m.

  1. Announcements
  2. Approval of the April 22, 2014 Commission Meeting Minutes (Action)
    Action Taken: Approved
  3. Executive Director’s Report (Information)
  4. State Legislative Update (Information)
  5. Approval of Monetary Award Program (MAP) Recompute Formula (Action)
    Action Taken: Approved
  6. Fiscal Year 2015 Budget Review and Approvals
    Action Taken: Approved
    1. Approval of the General Revenue Fund (GRF) Budget (Action)
    2. Approval of the Student Loan Operating Fund (SLOF) Budget (Action)
    3. Approval of the Illinois Designated Account Purchase Program (IDAPP) Budget (Action)
    4. Approval of the College Illinois!® Prepaid Tuition Program Budget (Action)
    5. Approval of the ISACorps and Outreach Program Budget (Action)
  7. College Illinois!® Prepaid Tuition Program Investments
    1. Approval of Appointment of Investment Advisory Panel Members (Action)
      Action Taken: Approved
    2. Approval of Minutes of the May 28, 2014 Meeting of the Investment Committee (Action: Investment Committee)
      Action Taken: Approved by the Investment Committee
    3. Investment Update (Information)
    4. Review of Asset Allocation Revisions (Information)
    5. Approval of the College Illinois! Prepaid Tuition Program Investment Policy (Action)
  8. Internal Audit
    1. Audit Committee Update (Information) – Commissioner Savage
    2. Review and Approval of the Fiscal Year 2015 Internal Audit Plan to Present to the Commission for Final Approval (Action: Audit Committee)
      Action Taken: Approved by the Audit Committee
    3. Final Approval of the Fiscal Year 2015 Internal Audit Plan by Commission (Action: Commission)
      Action Taken: Approved
  9. Public Comment
  10. Closed Session
    1. Approval of Minutes of the Closed Sessions and Report of Determination Regarding Confidentiality (Action)
      Action Taken: Approved
    2. Litigation