ISU Board of Trustees Approves Seven Items

Illinois State University's Board of Trustees today approved the following seven items.

• Authorization to spend FY2011 appropriations - the Board is required to approve the University's FY2011 operating budget, but the state appropriations are not yet known.  Until the Trustees act on the University budget at the October meeting, the University is authorized to expend funds from internal allocations.

• Authorization for investment services - the Board approved Loop Capital Markets, LLC; Roth Capital Partners, LLC; Samuel A. Ramirez & Company, Inc.; and Stephens, Inc. as providers of investment services.  The University investment portfolio generally ranges between $80-100 million.

• Authorization to increase the budget for the iPeople/Cedar Crestone contract - additional consulting services are needed for the Oracle PeopleSoft Human Capital Management system for $2 million more than the originally budgeted $3.5 million.

• Replacement of Watterson Towers furniture - the University is authorized to get bids for furnishings in Watterson student rooms for an amount not to exceed $2.5 million, phased over a number of years and paid for from Housing reserve balances.

• Pharmaceuticals - the Board approved the FY2011 blanket purchase order to HD Smith for $1.25 million for pharmaceuticals for the Student Health Service Pharmacy.

• Extension of three-year volume purchase agreement for Cisco hardware, software - the Trustees approved a fourth one-year extension of the current agreement with the Burwood Group for Cisco hardware and software at a cost not to exceed $1.95 million.

• TechZone Apple purchases - Student Technology Support and TechZone are authorized to provide Apple products and services up to $1 million for up to five years.