Agenda Book – June 20, 2024

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

June 20, 2024
1:00 p.m.

Deerfield Office
3^rd Floor – Room 3030
1755 Lake Cook Road
Deerfield, Illinois

Springfield Office
3^rd Floor Conference
500 W. Monroe
Springfield, Illinois

1. Announcements
2. Approval of the joint Commission Meeting Minutes (Action)
   1. Approval of the April 18, 2024, Investment Portion of Minutes of the Joint Meeting of the Commission/Investment Committee/Investment Advisory Panel Meeting (Action: Investment Committee)
      Action Taken: Approved
   2. Approval of the April 18, 2024 Full Minutes of the Joint Commission/Investment Committee/Investment Advisory Panel Meeting (Action: Commission)
      Action Taken: Approved
   3. Approval of the April 22, 2024 Investment Portion of the Special Joint Commission/Investment Committee Meeting (Action: Investment Committee)
      Action Taken: Approved
   4. Approval of the April 22, 2024 Full Minutes of the Special Joint Commission/Investment Committee Meeting (Action: Commission)
      Action Taken: Approved
3. Approval for the Destruction of Open Meeting Verbatim Records (Action: Commission, Investment Committee)
   1. Approval of Investment Committee Open Meeting Verbatim Records for Destruction (Action: Investment Committee)
      Action Taken: Approved
   2. Approval of the Commission Open Meeting Verbatim Records for Destruction (Action: Commission)
      Action Taken: Approved
4. Executive Director's Report (Information)
5. Legislative Update (Information)
6. Approval of Fiscal Year 2025 Monetary Award Program (MAP) Recompute Formula (Action)
   Action Taken: Approved
7. Approval of Institutional Application To Participate In ISAC Gift Assistance Programs Methodist College (Action)
   Action Taken: Approved
8. Fiscal Year 2025 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
9. College Illinois! Prepaid Tuition Program Investments
   1. Prepaid Tuition Program Update (Information)
   2. Investment Update (Information)
   3. Approval of Changes to the Watch List (Action)
      Action Taken: No action at this time
   4. Compliance Review (Information)
10. ISAC Strategic Plan Update (Information)
11. Audit Committee
    1. Approval of the Fiscal Year 2025 Internal Audit Plan (Action)
       Action Taken: Approved
    2. Audit Committee Update (Information)
12. Public Comment
13. Closed Session: Closed Minutes and Personnel Matter  (Review)
14. Approval of Closed Session Action Items
    1. Personnel Matter (Action: Commission)
    2. Approval of the Closed Minutes of the April 18, 2024 Meeting & Approval to Open (Action: Commission)
       Action Taken: Approved