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and capital expenses shown in this master plan. At this time it is unclear whether these bills will pass or if any further changes will be made. The city and airport commission should remain informed on the progress of these bills. FAA FACILITIES AND EQUIPMENT PROGRAM The Airway Facilities Division of the FAA administers the national Facilities and Equipment (F&E) Program. This annual program provides funding for the installation and maintenance of various navigational aids and equipment for the national airspace system and airports. Under the F&E program, funding is provided for FAA air traffic control towers, en route navigational aids such as a VOR, and on-airport navigational aids (such as PAPIs and approach lighting systems). As activity levels and other development warrant, the airport may be considered by the FAA Airways Facilities Division for the installation and maintenance of navigational aids through the F&E program. This plan assumes financial assistance from the F&E program for the MALSR for Runway 35. LOCAL SHARE FUNDING The balance of project costs, after consideration has been given to the various grants available, must be funded through airport resources. Usually, this is accomplished through the use of airport earnings and reserves, to the extent possible, with the remammg costs financed through obligation bonding mechanisms. The airport is owned and operated by the city of San Marcos with support from revenues generated by the collection of various rates and charges from general aviation sources. These revenues are generated specifically by airport operations. There are, however, restrictions on the use of revenues collected by the airport. All receipts, excluding bond proceeds or related grants and interest, are irrevocably pledged to the punctual payment of operating and maintenance expenses, payment of debt service for as long as bonds remain outstanding, or to additions or improvements to airport facilities. Table 6B presents historical expenses and revenues for the San Marcos Municipal Airport. REVENUES Operating revenues at San Marcos include hangar leases, ground leases, agricultural leases, and city funding. As shown on Table 6B, revenues for the past five years have exceeded total expenditures. The largest revenue center by far for the airport is the operating transfer from Fund 100. In fact, this fund accounts for more than 50 percent of the airport's annual revenue. The next largest revenue center is warehouse/hangar rentals and lease receipts. This revenue is derived from the rental of City owned T-Hangars and shelters and land leases for privately 6-8