reimbursed for actual expenses. The board appoints a General Manager as CEO to supervise the day-to-day operation of the Authority. Under the terms of the "Procedures for WMATA Board of Directors", none of the individual board members, including the chairman, have any power to act regarding the operations of the Authority or to issue instructions to the General Manager or employees; only the entire board as a body has the power to instruct the General Manager. It states, "The authority of the Board of Directors is vested in the collective body and not in its individual Members. Accordingly, the Board, in establishing or providing any policies, orders, guidance, or instructions to the General Manager or WMATA staff, shall act as a body. No Member individually shall direct or supervise the General Manager or any WMATA employee or contractor." The board approves WMATA's annual budget. The budget is approximately $3.1 billion in fiscal year 2019. In fiscal year 2019, 40.3% of revenues came from capital contributions, 23.2% from passenger revenues, 31.7% from local jurisdiction operating subsidies, 3.5% from interest income, 1.6% from advertising revenue, 0.9% from rental revenue, and 0.2% from other sources. The WMATA board has the following standing committees: Executive, Finance and Capital, Capital & Strategic Planning, and Safety and Operation. The position of board chairman rotates between the three jurisdictions. Article III Section 5 of the Compact specifies the method of appointment. The Compact prohibits WMATA from paying board members. However, Maryland pays its voting board members $20,000 per year and Virginia pays $50 per meeting. The District of Columbia does not compensate its board members. On February 17, 2011, outgoing 2010–11 WMATA Board Chairman Peter Benjamin announced he was leaving the board and will be replaced by former Congressman Michael D. Barnes. On that date, the new Governance Committee of the WMATA board, which is chaired by Mary Hynes, held its first meeting and established a work plan to develop a new relationship between the board and WMATA management. The committee will draft new bylaws that will better define the role and term of the WMATA Board Chairman. The Governance Committee will also draft a code of conduct for board members. Management The General Manager is the chief executive officer of WMATA and leads all staff except that the General Counsel, Inspector General, and Board Secretary, who report directly to the board. WMATA has a Chief Safety