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Travel policy revised

PULASKI — Rising gas prices have led the Pulaski County School Board to revise its travel policy.
Last November, the Internal Revenue Service issued its annual optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes for 2008.
As of Jan. 1, 2008, that rate was 50.5 cents per mile for business miles driven, according to the Internal Revenue Service’s website at www.irs.gov.
However, as gas prices have risen tremendously since last fall when that rate was calculated, the IRS issued another optional standard mileage rate early last week of 58.5 cents per mile for the final six months of 2008, which was set to begin on July 1.
At the suggestion of Chris Stafford, director of finance for Pulaski County Public Schools, the School Board voted at its meeting last week to revise its travel policy (DLC-R) and raise the current rate of 32.5 cents per mile to 50.5 cents per mile for authorized local travel for employees using a privately owned vehicle.
Examples of authorized travel for school system employees include travel from work site (office location, school) to work site, travel to meetings and conferences during normal duty day, and travel outside the county in support of interscholastic athletic or extracurricular activities or events for designated school or school board representatives.
This increase is expected to have an estimated $13,000 annual impact on the school board’s budget, Stafford noted.
According to the IRS website, the IRS normally updates the mileage rates once a year in the fall for the next calendar year, but in recognition of recent gasoline price increases, the IRS made this special adjustment for the final months of 2008.
“Rising gas prices are having a major impact on individual Americans.” said IRS Commissioner Doug Shulman in a news release on the IRS website. “Given the increase in prices, the IRS is adjusting the standard mileage rates to better reflect the real cost of operating an automobile. We want the reimbursement rate to be fair to taxpayers.”
In addition to gasoline as a significant factor in defining mileage rates, other items, such as depreciation, insurance, and other fixed and variable costs enter into the calculation of these rates.
The new six-month rate for computing deductible medical or moving expenses will also increase by eight cents to 27 cents a mile, up from 19 cents for the first six months of 2008. The rate for providing services for charitable organizations is set by statute, not the IRS, and remains at 14 cents a mile, according to the IRS website.

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Travel policy revised

PULASKI — Rising gas prices have led the Pulaski County School Board to revise its travel policy.
Last November, the Internal Revenue Service issued its annual optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes for 2008.
As of Jan. 1, 2008, that rate was 50.5 cents per mile for business miles driven, according to the Internal Revenue Service’s website at www.irs.gov.
However, as gas prices have risen tremendously since last fall when that rate was calculated, the IRS issued another optional standard mileage rate early last week of 58.5 cents per mile for the final six months of 2008, which was set to begin on July 1.
At the suggestion of Chris Stafford, director of finance for Pulaski County Public Schools, the School Board voted at its meeting last week to revise its travel policy (DLC-R) and raise the current rate of 32.5 cents per mile to 50.5 cents per mile for authorized local travel for employees using a privately owned vehicle.
Examples of authorized travel for school system employees include travel from work site (office location, school) to work site, travel to meetings and conferences during normal duty day, and travel outside the county in support of interscholastic athletic or extracurricular activities or events for designated school or school board representatives.
This increase is expected to have an estimated $13,000 annual impact on the school board’s budget, Stafford noted.
According to the IRS website, the IRS normally updates the mileage rates once a year in the fall for the next calendar year, but in recognition of recent gasoline price increases, the IRS made this special adjustment for the final months of 2008.
“Rising gas prices are having a major impact on individual Americans.” said IRS Commissioner Doug Shulman in a news release on the IRS website. “Given the increase in prices, the IRS is adjusting the standard mileage rates to better reflect the real cost of operating an automobile. We want the reimbursement rate to be fair to taxpayers.”
In addition to gasoline as a significant factor in defining mileage rates, other items, such as depreciation, insurance, and other fixed and variable costs enter into the calculation of these rates.
The new six-month rate for computing deductible medical or moving expenses will also increase by eight cents to 27 cents a mile, up from 19 cents for the first six months of 2008. The rate for providing services for charitable organizations is set by statute, not the IRS, and remains at 14 cents a mile, according to the IRS website.

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