Beginning on Jan. 1, 2018, the reimbursement rate for mileage will change to 54.5 cents per mile, up from 53.5 cents in 2017. Our forms on the Business Office website will be updated to reflect the new rate for travel by the end of the day today.
Edgewood College financially runs on a fiscal year basis from July 1 to June 30. A standard quarter is July-September, October-December, etc. For expense and budget purposes, expenses need to be recorded in the quarter in which they are incurred. For example, you would want to turn your October-December mileage in on or before the second week in January so they can be charged back to December.