Mileage Reimbursement Rate
Effective July 1, 2008, the University’s reimbursement rate for the use of a personal vehicle in the conduct of University business will increase from 50.5 cents per mile to 58.5 cents per mile. For all employee business travel that occurs on or after July 1, 2008, please use the new reimbursement rate of 58.5 cents per mile when preparing travel expense vouchers.
Please note that this rate is established in accordance with Board of Trustee Policy T92-031 (Appendix B). Under the policy, the University Treasurer sets rates at the levels established by the United States Internal Revenue Service. The Internal Revenue Service has issued Revenue Procedure 2008-82 to increase the allowable standard mileage rate for the final six months of 2008.
Questions about travel arrangements and reimbursements can be directed to Wanda Alston (7-5124) or Elizabeth Samedi (7-5138) in the Controller’s Office