Skip to Content Bruce Rauner, Governor, State of Illinois

Agenda Book - July 27, 2017

Joint meeting of the Illinois Student Assistance Commission and the Audit Committee

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

July 27, 2017
10:00 a.m.

  1. Announcements
    1. Approval of an Audit Committee Member (Action)
      Action Taken: Approved
  2. Approval of the April 12, 2017 Commission Meeting Minutes (Action)
    Action Taken: Approved
  3. State Legislative Update (Information)
  4. Approval of Fiscal Year 2018 Monetary Award Program (MAP) Recompute Formula (Action)
    Action Taken: Approved
  5. Fiscal Year 2018 Budget Review and Approvals
    Action Taken: Approved
    1. Approval of the Student Loan Operating Fund (SLOF) Budget (Action)
    2. Approval of the Illinois Designated Account Purchase Program (IDAPP) Budget (Action)
    3. Approval of the College Illinois!® Prepaid Tuition Program Budget (Action)
    4. Approval of the GEAR UP Grant Budget (Action)
  6. College Illinois!® Prepaid Tuition Program Investments
    1. Investment Update (Information)
    2. Investment Policy Asset Allocation (Action)
      Action Taken: Approved
    3. Approval of Appointment of Investment Advisory Panel Members (Action)
      Action Taken: Approved
    4. Program Update (Information)
  7. Internal Audit
    1. Approval of the Audit Committee Charter (Action: Audit Committee Member)
      Action Taken: Approved
    2. Approval of the Fiscal Year 2018 Internal Audit Plan (Action: Audit Committee Member)
      Action Taken: Approved
    3. Approval of the Audit Committee Charter (Action: Commission)
      Action Taken: Approved
    4. Approval of the Fiscal Year 2018 Internal Audit Plan (Action: Commission)
      Action Taken: Approved
    5. Audit Committee Update (Information)
  8. Closed Session: Personnel and Closed Minutes Redetermination
    Action Taken: Approved
  9. Approval of Closed Session Action Items
    1. Personnel Evaluation (Action)
    2. Report of Redetermination Regarding Confidentiality (Action)
      Action Taken: Approved
  10. Information Technology Presentation (Information)
  11. Public Comment
  12. Executive Director’s Report (Information)