Operations

University of Nebraska Halves Reimbursement Rate

August 21, 2017

In light of its budget crisis, the University of Nebraska system has lowered its vehicle mileage reimbursement rate from 53.5 cents per mile, the Internal Revenue Service’s recommended rate, to 25 cents per mile.

The lower reimbursement rate matches the average cost for the university to rent a vehicle using private rental or pool vehicles and is expected to save up to $500,000 annually. According to a statement, the university will work with employees to obtain the necessary transportation, which may include leasing or longer-term contracts for fleet use.

The university system is currently battling a $49 million budget shortfall, due to cuts in state funding and rising costs. Earlier this month, Nebraska University President Hank Bounds announced several structure changes and policies to reduce expenses, including the elimination of at least 100 jobs, reports the Lincoln Journal-Star. Among these changes, the university system’s director of procurement services was tasked with overseeing procurement policies to save $6.8 million on fuel, vehicles, and insurance.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 10000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

FleetFAQ

Public Fleet Tracking And Telematics

Amin Amini from Verizon will answer your questions and challenges

View All

Recent Topics

How many of you use bench marking in regards to Fleet stats? am interested learning and participating with bench marking and how it...

View Topic

What do you do for spare key storage? Currently, we have a key cabinet that holds keys in rows, but with the new key fobs we're using...

View Topic

Fleet Documents

1018 Fleet Documents (and counting) to Download!

Sponsored by

A fabricator that manufactures and installs special equipment for vehicles

Read more