CONTRACTAPPROVED

Leman Classical Academy Awards Professional Services Contract to Faustus Management Company (May 2025)

Leman Classical Academy logoLeman Classical Academy
Disclosed value
10% management fee; proposed increase to 11% disapproved
From minutes
Approved
May 23, 2025
Term
2025/2026 fiscal year

The 30-second brief

What it covers

Leman Classical School approved its 2025/2026 budget with the existing 10% management fee paid to FAUSTUS Management Company. The Board rejected a proposed increase to 11% and retained the option to defer some or all of the fee to address the unbalanced budget.

Who holds it

Faustus Management Company holds this professional services contract with Leman Classical Academy. Its other public contracts on record include work for Leman Academy Of Excellence East Mesa.

What happens next

Term as filed: 2025/2026 fiscal year.

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Contract details

Contract type
Professional Services
Amount
10% management fee; proposed increase to 11% disapproved
Document date
May 23, 2025
Term
2025/2026 fiscal year
Source document
Leman Classical School Special Board Meeting Minutes 2025-05-23 (Minutes)

Faustus Management Company's other public contracts

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Questions about this contract

Who was awarded the professional services contract by Leman Classical Academy?

Faustus Management Company was awarded this professional services contract by Leman Classical Academy, as recorded on May 23, 2025. The contract value is 10% management fee; proposed increase to 11% disapproved.

How much is the Faustus Management Company contract with Leman Classical Academy worth?

The Faustus Management Company contract with Leman Classical Academy is valued at 10% management fee; proposed increase to 11% disapproved, covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Leman Classical School Special Board Meeting Minutes 2025-05-23 (Minutes), dated May 23, 2025 from Leman Classical Academy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Faustus Management Company hold?

Faustus Management Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Leman Classical Academy currently buying?

Explore Leman Classical Academy's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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