midterm Flashcards
1
Q
what is capital improvement expense
A
big items that are bought once
2
Q
what is operating expense
A
the day-to-day operations
3
Q
what can grants be used for?
A
planning, help with development, capacity enhancements, noise projects, capital costs
4
Q
what can grants not be used for?
A
revenue generating projects, operating costs
5
Q
who owns airports?
A
majority are owned by city and county
6
Q
What is an airport master plan?
A
short, medium, and long-term development plans. a continuum that varies by level of detail and effort.
7
Q
what are two basic types of plans?
A
master plan: address major revisions
master plan updates: change only parts of an existing documents
8
Q
what does the FAA really only approve?
A
forecasts, and design standards.
9
Q
A
