FY2016 CCDOA Financial Report as of 6302016.pdf - page 23

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Management’s Discussion and Analysis
The following is Management’s Discussion and Analysis ("MD&A") of the financial performance and activity of the
Clark County Department of Aviation ("Department"). The MD&A provides an introduction to and understanding of
the financial statements of the Department for the fiscal years ended June 30, 2016 and 2015, with selected
comparisons to prior fiscal periods. The information presented should be read in conjunction with the financial
statements and accompanying notes in this report.
The Department is an enterprise fund of Clark County, Nevada ("County"), and it acquires, operates, and maintains
the necessary services and resources for the aviation facilities owned and operated by the County ("Airport
System"). The Airport System comprises McCarran International Airport ("Airport"), the eighth largest airport in the
United States in terms of passenger volume; North Las Vegas Airport, which caters to general aviation activity and is
the second largest airport in the State of Nevada in terms of aircraft operations; Henderson Executive Airport, a
premier corporate aviation facility that features a state-of-the-art terminal and private hangar facilities as well as a
new control tower designed to meet the needs of the business aviation community; and Jean Sports Aviation
Center and Overton-Perkins Field, which are primarily used for aviation-related recreational purposes.
The Department is a self-supporting entity which generates revenues from Airport System users to fund operating
expenses and debt service requirements. Capital projects are funded by bond issuances, Passenger Facility
Charges, federal awards, and internally generated cash flows from net operating income. The Department is not
subsidized by any tax revenues of the County.
Activity Highlights
Introduction
For the fiscal year ("FY") ended June 30, 2016, passenger enplanements totaled 23,343,172, compared to 21,879,137
in FY 2015 and 21,224,639 in FY 2014. The FY 2016 enplanements represent an increase of 6.7 percent over FY 2015.
By comparison, according to the United States Department of Transportation Bureau of Transportation Statistics,
domestic and international airline passenger traffic in the United States for the same 12-month period ended June
30, 2016, increased 5.0 percent over the prior 12-month period.
Aircraft landed weights in FY 2016 totaled 25,836,770 thousand pounds, compared to 24,682,869 thousand pounds
in FY 2015 and 24,431,409 thousand pounds in FY 2014. The FY 2016 landed weights represent a 4.7 percent increase
compared to FY 2015. The number of departures for domestic and international flights increased 1.2 percent over
the prior fiscal year from 219,172 departures in FY 2015 to 221,746 in FY 2016.
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