Agenda Book - Investment Committee

Meeting Agenda

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

Michael Bilandic Building
Room N-505
160 N. LaSalle St.
Chicago, IL

June 21, 2013
1:00 p.m.

1. Announcements
2. Approval of the April 5, 2013 Commission Meeting Minutes (Action)
   Action Taken: Approved
3. Executive Director’s Report (Information)
4. Legislative and Budget Update (Information)
5. Scholarships and Grants
   1. Approval of Monetary Award Program (MAP) Recompute Formula (Action)
      Action Taken: Approved
   2. MAP 2+2 Update – (Information)
6. Fiscal Year 2014 Budget Review and Approvals
   1. Approval of  the General Revenue Fund (GRF) Budget (Action)
      Action Taken: Approved
   2. Approval of the Student Loan Operating Fund (SLOF) Budget (Action)
      Action Taken: Approved
   3. Approval of the Illinois Designated Account Purchase Program (IDAPP) Budget (Action)
      Action Taken: Approved
   4. Approval of the College Access Challenge Grant (CACG) Budget (Action)
      Action Taken: Approved
   5. Approval of the College Illinois!® Prepaid Tuition Program Budget (Action)
      Action Taken: Approved
7. College Illinois!® Prepaid Tuition Program Investments
   1. Approval of Minutes of the May 30, 2013 Meeting of the Investment Committee (Action: Investment Committee)
      Action Taken: Approved
   2. Investment Update (Information)
   3. Approval of Active Core-Plus Fixed Income Investment Manager (Action)
      Action Taken: Approved
   4. Review of Asset Allocation Revisions (Information)
   5. Approval of the College Illinois! Prepaid Tuition Program Investment Policy (Action: Investment Committee) (Action)
      Action Taken: Approved as amended
8. College Illinois! Prepaid Tuition Program Marketing and Sales
   1. Approval of the Central Marketing Agent (Action)
      Action Taken: Approved
9. Legal and Contractual
   1. Notice of Contracts in Excess of a Million Dollars (Information) and Approval of the Building Manager Contract in Excess of Five Million Dollars (Action)
      Action Taken: Approved as amended
   2. Management Insurance Policy (Information)
10. Approval of Fiscal Year 2014 Internal Audit Plan (Action)
    Action Taken: Approved
11. Closed Session
    1. Approval of the Redetermination of Confidentiality of Approved Closed Session Minutes (Action)
       Action Taken: Approved
    2. Approval of Minutes of the Closed Sessions and Report of Determination Regarding Confidentiality (Action)
       Action Taken: Approved
    3. Internal Control Weaknesses (Information)