Agenda Book – June 16, 2022

Joint Meeting of the Illinois Student Assistance Commission and the Investment Committee

WebEx Virtual Event - Audio recording here https://youtu.be/EErOLPOw_Sg

June 16, 2022
1:00 p.m.

1. Announcements
2. Approval of the Commission and Investment Committee Meeting Minutes (Action)(Action)
   1. Approval of the April 14, 2022, Minutes of the Joint Commission/Investment/Advisory Panel Meeting (Action: Commission)
      Action Taken: Approved
   2. Approval of the May 26, 2022, minutes of the Investment Committee Meeting (Action: Investment Committee)
      Action Taken: Approved
3. Executive Director’s Report (Information)
4. Approval of Fiscal Year 2023 Monetary Award Program (MAP) Recompute Formula (Action)
   Action Taken: Approved
5. Fiscal Year 2023 Budget Review and Approvals
   
   1. Approval of the Student Loan Operating Fund (SLOF) Budget (Action)
      Action Taken: Approved
   2. Approval of the Illinois Designated Account Purchase Program (IDAPP) Budget (Action)
      Action Taken: Approved
   3. Approval of the College Illinois!^® Prepaid Tuition Program Budget (Action)
      Action Taken: Approved
   4. Approval of the GEAR UP Grant Budget (Action)
      Action Taken: Approved
   5. Contracts for Annual Budget Approval Process (Action)
      Action Taken: Approved
6. College Illinois! Prepaid Tuition Program Investments
   1. Prepaid Tuition Program Update (Information)
   2. Investment Update (Information)
   3. Compliance Review (Information)
   4. Asset Allocation Review (Action: Commission)
      Action Taken: Approved
   5. Treasury Proposal for State Funding Received (Action: Commission)
      Action Taken: Approved
   6. Investment Policy Review and Adoption (Action: Commission)
      Action Taken: Approved
7. Audit Committee
   1. Approval of the Fiscal Year 2023 Internal Audit Plan (Action)
   2. Audit Committee Update (Information)
8. Public Comment