excel-academy-meeting-minutes-2024-06-27_21f.pdf
Charter Management Fee Approved for Friends of Excel
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Description
Excel Academy Rhode Island approved a charter management fee agreement with Friends of Excel, setting the FY25 fee at 12.5% of public revenue, which is lower than the agreement's original 14%. The contract covers school management services for the fiscal year.
Contract Details
Contract Amount
12.5% of public revenue for FY25
Vendor
FRIENDS OF EXCEL
Agency
Excel Academy, TX
Contract Type
CONSULTING
Document Date
June 27, 2024
Contract Term
FY25 (July 1, 2024 – June 30, 2025)
Renewal Date
2025-06-30
Renewal Info
Fee for FY25 set at 12.5%; original agreement had a 14% rate. Future renewals subject to board approval and annual budget.
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Related Contracts
Excel Academy Rhode Island Board of Trustees Meeting Agenda 2026-06-02
PENDINGExcel Academy Rhode Island Board of Trustees Meeting Agenda 2026-06-02
PENDINGexcel-academy-charter-district-meeting-minutes-2023-09-14_16d.pdf
approvedexcel-academy-charter-district-meeting-minutes-2023-09-14_e30.pdf
AMENDEDexcel-academy-meeting-minutes-2023-09-14_9d0.pdf
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