FY2016 CCDOA Financial Report as of 6302016.pdf - page 38

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The total amortization amount collected during FY 2015 was $11.3 million, of which $1.2 million was deposited to the
rate stabilization account (50 percent included in the residual rental rates) with the remaining $10.1 million
deposited into the capital improvement account, as provided by the Agreement. The Agreement also provides
that any amount due to airlines for which adequate funds are available within the amortization due from airline
account shall be deposited into the capital improvement account. For FY 2015, the amount deposited was $11.6
million.
Non-Airline Revenues
Non-airline revenues, consisting primarily of concession related fees, increased from $258.0 million in FY 2014 to
$267.9 million in FY 2015, an increase of 3.8 percent. The largest source of non-airline revenues is terminal concession
fees, which are generated from an agreed-upon percentage of gross sales from various concessionaire-related
sources, including the food and beverage concessionaire, news and gift concessionaires, specialty retail outlets,
advertising revenue, and passenger services revenue. Percentage rents paid to the Airport from terminal
concessionaire-related sources increased from $65.9 million in FY 2014 to $66.6 in FY 2015, an increase of 1.0
percent. Revenues from terminal food and beverage sales increased 6.3 percent, from $20.8 million in FY 2014 to
$22.1 million in FY 2015, due mainly to new and improved concepts which were made by the Airport’s food and
beverage concessionaire. Revenues from news and gift sales and specialty retail sales also increased, from $28.6
million in FY 2014 to $28.7 million in FY 2015, due to a combination of increased percentage rental rates being
assessed the news and gift concessionaires and the continued introduction of nationally branded specialty retail
stores. In-terminal advertising during FY 2015 was down by 7.5 percent from the prior fiscal year for a total of $12.8
million. This decrease was due to the existence of a temporary advertising campaign in the prior year at the south
baggage claim area in Terminal 1. Revenues from passenger services in the terminal increased from $2.3 million in
FY 2014 to $2.6 million FY 2015, an increase of 13.0 percent. This increase resulted from the provision of additional
services for passengers.
Building rentals associated with the Consolidated Rental Car Facility increased slightly during FY 2015 from $35.6
million to $35.7 million, an increase of 0.5 percent. Building rents are paid from the car rental companies that
occupy the facility together with the proceeds of a $3.75 Customer Facility Charge ("CFC"), which is collected by
the car rental companies from car rental customers for each day they rent a car. For FY 2015, the car rental
companies paid $6.1 million in space rental payments, and CFC revenue for FY 2015 totaled $29.6 million. CFC
revenue increased by $1.1 million over FY 2014, an increase of 3.8 percent, due to an increase in the number of
transaction days from the prior year. The annual rental requirement declined by $0.9 million in FY 2015, a decrease
of 13.2 percent. This decrease resulted from a reduction in the facilities reserve deposits.
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