MONTGOMERY COLLEGE
Office of Business Services
January 6, 2010
MEMORANDUM
To: The Montgomery College Community
From: Thomas Sheeran, Chief Business Officer
Subject: Employee Mileage Reimbursement Rate Change as of January 1, 2010
In accordance with Montgomery College Travel Policy (65001CP II.B), the Montgomery College standard business mileage reimbursement rate for transportation use of an employee's personal vehicle is being revised to $0.50 per mile from $0.55 per mile. This new reimbursement rate will be effective for travel on and after January 1, 2010.
The decision to change our reimbursement rate was influenced by the recent Internal Revenue Service (IRS) announcement which decreased the standard business mileage reimbursement rate to $0.50 per mile from $0.55 per mile. This change in mileage reimbursement has been updated on the Office of Business Services - Accounts Payable website and travel forms.
Please contact, Sandra King, Accounts Payable Manager, on extension 75338 or Alemitu Admassu on extension 75313, if you have any questions concerning this information.
