HomeMy WebLinkAbout2005 09 26 Informational 302
COMMISSION AGENDA
ITEM 302
CONSENT
INFORMATIONAL X
PUBLIC HEARING
REGULAR
September 26, 2005
Meeting
MGR ~ IDEPT ti!iJ)
Authorization
REQUEST: The Finance Department wishes to notify the Commission that the 2005 Calendar
Year Standard Mileage Rate of 40.5 cents per business mile has been amended to
48.5 cents by the Internal Revenue Service (IRS) per IR-2005-99 dated
September 9, 2005.
PURPOSE: The purpose of this Agenda item is to notify the City Commission of the change in the
standard mileage rate as of September 1, 2005.
CONSIDERATION: The Calendar Year 2005 Standard Mileage Rate of 40.5 cents a mile for all
business miles driven has been increased to 48.5 cents per mile. This notification is in
accordance with the Commission's actions on September 20, 2004, Regular Agenda
Item 506. The Calendar Year 2005 Standard Mileage Rate is up from the 40.5 cents a
mile set in January 2005 by the IRS in recognition of the recent gasoline increases.
The IRS will hold off on setting the Calendar Year 2006 rate until closer to January
because there is a chance of a decline in the gasoline prices in the final quarter of 2005.
The Travel Reimbursement Request Form, located on the City's shared drive, has been
revised to reflect these new rates.
FUNDING: To be paid out of department's travel budget.
RECOMMENDATION: None
ATTACHMENTS: None
COMMISSION ACTION: