Memorandum #210 Personal Automobile Mileage Reimbursement

Revised: Decembr 20, 2023
Original Date of Issue: April 12, 1974
Policyholder: Controller
Approved by: Board

At its meeting of May 2, 1985, the Board of Trustees established that the auto mileage reimbursement rate would be consistent with the rate allowed by the Internal Revenue Service regulations on non-taxable reimbursable expenses. The IRS standard mileage rate has increased by 2.5 cents from 70 cents to 72.5 cents per mile. This reimbursement rate will become effective January 1, 2026.

Automobile parking costs associated with the use of personal automobile on College business must be supported by receipts.