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042898 - Consideration of increasing the mialge reimburstment rate - box 067TO: HONORABLE MAYOR AND MEMBERS ROSEMEAD CITY COUNCIL FROM: JeRANKG. TRIPEPI, CITY MANAGER V DATE: APRIL 23, 1998 RE: CONSIDERATION OF INCREASING THE MILEAGE REIMBURSEMENT RATE The IRS approved standard business mileage rate for 1998 is 32.5 cents per mile. The City's current mileage reimbursement rate is 20.0 cents per mile, a difference of 12.5 cents per mile. During Fiscal year 1996-97, approximately $1,060 was expended for mileage reimbursement. If the City were to adopt the IRS approved rate of 32.5 cents per mile, 1996-97 mileage reimbursement would have increased by $400 (38%). RECOMMENDATION: It is recommended that the City Council adopt the standard mileage rate of 32.5 cents per mile. 1do:wpwin60\wpdocs\mi1ereb.doc COUNCIL AGENDA APR 2 8 1998 ITEM No. 7-7- . CtA