Controller
118 University Hall
Columbia MO, 65211
Telephone: (573) 882-2412
E-mail: clostermanj@umsystem.edu
The IRS has announced an increase in the optional standard mileage rates for business miles driven from July 1, 2008 through December 31, 2008 to 58.5 cents per mile, an increase of 8 cents over the 50.5 cent rate in effect for the first six months of 2008. In recognition of recent gasoline price increases, the IRS made this special adjustment for the final six months of 2008. Consistent with the IRS rate and University practice, the maximum mileage reimbursement rate for business transportation expenses will change to 58.5 cents per mile for business miles driven during the period July 1, 2008 through December 31, 2008. In addition, the maximum rate for medical and moving expenses will increase to 27 cents per mile, an increase of 8 cents per mile over the 19 cent rate in effect for the first six months of 2008.
We have a new Accounting Policy and Procedure Manual. See Accounting Services within the Office of the Controller Website.
Meal expense allowance is $42 per day.
Office of the Controller encompasses the areas of Accounting, Financial Information Systems and Central Payroll for the University of Missouri System. The Office of the Controller is responsible for directing and controlling the financial integrity of the University of Missouri System through the oversight of the four campuses, development and implementation of University policies and procedures, transactional analysis and review, internal and external reporting and by maintaining compliance with applicable laws, rules and regulations.
