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HomeMy WebLinkAbout5.r. Increase Mileage Reimbursement RateEXECUTIVE SUMMARY FOR ACTION CITY COUNCIL MEETING DATE: April 7, 1992 AGENDA ITEM: Increase Mileage Reimbursement AGENDA SECTION: Rate for City Use of Personal Vehicles Consent PREPARED BY: AGEND"M Jeff May, Finance Director # 5 R, ATTACHMENTS: Resolution AP D Y: Through literature that we have received and contacts that we have made, it has been brought to our attention that our mileage reimbursement rate isout of line with the standard rate that is allowed by the IRS. Our current rate of reimbursement is 19 cents per mile, while the standard rate allowed by the IRS is 28 cents per mile for 1992. We have not changed our reimbursement rate for the last 7 years(at least) and feel that now would be an appropriate time to do so.. The additional costs that the City incur will be minimal and still give our employees the knowledge that we are treating them as fairly as possible. RECOMMENDED ACTION: Motion to adopt -A RESOLUTION INCREASING THE MILEAGE REIMBURSEMENT RATE FOR CITY USE OF PERSONAL VEHICLES from the current 19 cents per mile to a new rate of 28 cents per mile effective immediately. COUNCIL ACTION: CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 1992 - A RESOLUTION INCREASING THE MILEAGE REIMBURSEMENT RATE FOR CITY USE OF PERSONAL VEHICLES WHEREAS, the City Council recognizes the need to increase the mileage reimbursement rate for City use of personal vehicles from 19 cents per mile to 28 cents per mile, as allowed by the IRS. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Rosemount hereby approves the increase of the mileage reimbursement rate for City use of personal vehicles to 28 cents per mile. ADOPTED this 7th day of April, 1992. E.B. McMenomy, Mayor ATTEST: Susan M. Walsh, City Clerk Motion by: Seconded by: Voted in favor: Voted Against•