Monthly Archives: December 2023

2024 Mileage Reimbursement Rate

The CSU adjusted its mileage reimbursement rates to reflect the new IRS rates. The mileage rate changes are as follows and apply to business travel occurring on or after January 1, 2024:

      • The standard mileage rate has increased from 65.5 cents per mile to 67 cents per mile.
      • Miles driven for moving purposes will be reimbursed at 21 cents per mile, decreased from 22 cents per mile.

The FTS Travel module reflects the standard mileage rate appropriate to the date(s) the mileage was incurred. If you have any questions, please contact FinanceConnect at ext. 4-1558 or financeconnect@sjsu.edu.

November Accounting Period Close

For employees who track or manage department budgets, please note that the month of November 2023 is now closed in CFS.

This means the General Ledger (GL) system will not accept any more entries with a November journal date. November transactions can still be entered into the GL system, but the journal date must be 12/1/23 or later. The current period open is December 2023.