FY2016 CCDOA Financial Report as of 6302016.pdf - page 24

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The following schedule presents the Airport's activities for FY 2016 and the previous nine fiscal years.
Passenger and Operating Statistics
Last Ten Fiscal Years
(Unaudited)
Percentage
Percentage
Total
Percentage
Percentage
Fiscal
Aircraft Operations of Increase/
Landed Weight
of Increase/
Enplaned
of Increase/
Cargo
of Increase/
Year
Departures
Decrease
(000 lbs.)
Decrease
Passengers
Decrease
Tons
Decrease
2007
257,743
13.3%
28,831,044
4.7%
23,628,484
4.8%
104,761
-6.8%
2008
260,343
1.0%
28,941,564
0.4%
23,525,862
-0.4%
100,929
-3.7%
2009
230,925
-11.3%
25,973,079
-10.3%
20,739,408
-11.8%
90,746
-10.1%
2010
218,706
-5.3%
24,306,053
-6.4%
19,952,800
-3.8%
90,248
-0.5%
2011
224,386
2.6%
24,288,033
-0.1%
20,266,091
1.6%
95,555
5.9%
2012
227,206
1.3%
24,855,800
2.3%
20,962,087
3.4%
96,173
0.6%
2013
221,755
-2.4%
24,314,564
-2.2%
20,872,526
-0.4%
105,100
9.3%
2014
219,437
-1.0%
24,431,409
0.5%
21,224,639
1.7%
104,101
-1.0%
2015
219,172
-0.1%
24,682,869
1.0%
21,879,137
3.1%
109,319
5.0%
2016
221,746
1.2%
25,836,770
4.7%
23,343,172
6.7%
108,695
-0.6%
Average Annual Increase/Decrease
-1.7%
-1.2%
-0.1%
0.4%
Airline Rates and Charges
Effective July 1, 2010, the Department entered into a new Airline-Airport Use and Lease Agreement ("Agreement")
with Airlines serving the Las Vegas market. The Agreement has a five-year term with a two-year extension option,
and it incorporates the lease and use of the terminal complex, apron areas, and airfield at the Airport. On
November 5, 2014, the Clark County Board of County Commissioners ("Board") approved an amendment
("Amendment") to the Agreement which extended the terms of the Agreement through June 30, 2020. As of June
30, 2016, and June 30, 2015 a total of 15 signatory airlines have executed the Agreement and the Amendment
extending the terms, with one airline pending final approval. The Agreement establishes a residual rate-making
methodology for the Airport System through both direct and indirect cost centers. The net revenues or net expenses
of each indirect cost center are reallocated, as specified in the Agreement, to direct cost centers to establish a
residual rate-making approach for calculating landing fees, terminal building rental rates, and gate use fees. The
net cash flows from the Airport’s gaming fees and the Consolidated Rental Car Facility are set aside in a capital
improvement account, the balance of which may be used to pay the costs of future capital projects or pay down
outstanding Department debt. Capital projects funded from the capital improvement account are amortized back
to the associated cost center on a straight-line basis over the assets' useful lives and are included in the residual
rental rate at 50 percent of the amortized amount. The Agreement provides for non-signatory carriers to pay a
premium rate of 25 percent over the signature rates for all terminal rentals and gate use fees.
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