Excel Academy Rhode Island Board of Trustees Meeting Agenda 2026-06-02
Board to confirm reduced FY27 CMO fee to Friends of Excel
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Description
Excel Academy Rhode Island plans to set the FY27 CMO fee payable to Friends of Excel at 12.25% of public revenue, instead of the 14% rate stated in the current agreement. The revision aligns the fee with the adopted FY27 budget for School Year 26-27.
Contract Details
Contract Amount
12.25% of public revenue for FY27
Vendor
FRIENDS OF EXCEL
Agency
Excel Academy Charter (District), MA
Contract Type
FINANCIAL_SERVICES
Document Date
May 27, 2026
Contract Term
FY27 (School Year 26-27)
Renewal Date
2027-06-30
Renewal Info
This action adjusts the fee percentage under the existing CMO agreement between XLRI and Friends of Excel for the FY27 term from the contracted 14% down to 12.25%.
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Related Contracts
Excel Academy Rhode Island Board of Trustees Meeting Agenda 2026-06-02
PENDINGexcel-academy-meeting-minutes-2024-06-27_21f.pdf
APPROVEDexcel-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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