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