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Foley board approves IRS mileage rate, stipends and routine financial designations
Summary
The board unanimously approved the IRS 2026 business mileage rate of $0.73/mile, set board member stipends and designated publication, posting place, depositories and electronic funds transfer authority during the Jan. 5 meeting.
The Foley Public School District board approved a bundle of routine administrative and financial items on Jan. 5, 2026, each by unanimous 7–0 votes. The board adopted the Internal Revenue Service’s 2026 standard business mileage rate of $0.73 per mile and approved a $4,000 annual stipend for board members (with specified additional amounts of $100 per year for clerk and treasurer, and $500 per year for the chair), and family passes to district events at the field house.
Other unanimous actions included naming the Benton County Herald News as the district’s official publication, designating the Foley District Office as the official posting place, approving designated depositories for 2025–26, and authorizing designated personnel and the superintendent to make electronic fund transfers. Each motion was moved and seconded in accordance with the meeting minutes and recorded as passing 7–0.
