Effective October 12, 2005, the standard mileage reimbursement rate used to reimburse travelers and employees for the use of their privately-owned vehicles for college business travel has increased to 48.5 cents per mile.
From this point forward, the College’s policy will be to follow the IRS allowable reimbursement rate for vehicle mileage. Travel prior to October 12, 2005 will be reimbursed at the 30 cents per mile rate. Expense report forms submitted prior to October 24, 2005 for the increased mileage rate will need to be manually calculated on the expense report form. Should you have any questions concerning this announcement, please contact Ann Martin at ext. 43808 or via email at [mailto:firstname.lastname@example.org].