Thanks for the replies everyone!
I think I have everything worked out. Below is how I updated my local repository and the yum.conf on my clients.
create a local directory for repository
mkdir /home/e-smith/files/ibays/mirror/yum-repository
create subdirectories for distro and base/updates
mkdir /home/e-smith/files/ibays/mirror/yum-repository/fedora mkdir /home/e-smith/files/ibays/mirror/yum-repository/fedora/base mkdir /home/e-smith/files/ibays/mirror/yum-repository/fedora/updates
run the following rsync commands manually or add to a shell script and call it from cron daily
rsync the base directory excluding things I don't need
/usr/bin/rsync --archive --verbose --stats --partial --progress --exclude SRPMS --exclude dosutils/ --exclude images/ --exclude isolinux/ mirrors.kernel.org::fedora/core/1/i386/os/ /home/mirror/yum-repository/fedora/base/
rsync the updates directory excluding things I don't need
/usr/bin/rsync --archive --verbose --stats --partial --progress --exclude SRPMS --exclude debug/ mirrors.kernel.org::fedora/core/updates/1/i386/ /home/e-smith/files/ibays/mirror/files/yum-repository/fedora/updates/
modify base/updates section of client /etc/yum.conf as follows
[base] name=Fedora Core $releasever - $basearch - Base #baseurl=http://fedora.redhat.com/releases/fedora-core-$releasever baseurl=ftp://mirror@xxxxxxxxxx/yum-repository/fedora/base
[updates-released] name=Fedora Core $releasever - $basearch - Released Updates #baseurl=http://fedora.redhat.com/updates/released/fedora-core-$releasever baseurl=ftp://mirror@xxxxxxxxxx/yum-repository/fedora/updates
