FY2016 CCDOA Financial Report as of 6302016.pdf - page 39

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Total parking revenues at the Airport during FY 2015 increased by 6.9 percent over FY 2014. Public parking provided
at the Airport includes short-term, long-term, and valet parking in two parking structures comprising 10,274 parking
spaces as well as economy parking at a remote surface parking lot. Public parking revenue from short-term, long-
term, and economy parking increased by 7.2 percent due to an increase in the number of parking exits. Parking
revenues for FY 2015 from these sources totaled $28.5 million versus $26.6 million in FY 2014. Valet parking revenue
for FY 2015 increased by 5.6 percent as a result of additional use of valet parking services, as the number of valet
parking exits increased by 4.5 percent in FY 2015 over FY 2014. Employee parking revenue for FY 2015 increased
from $4.3 million to $4.5 million, an increase of 4.7 percent.
Percentage rents paid to the Department from the rental car companies increased from $31.6 million in FY 2014 to
$33.9 million in FY 2015, an increase of 7.0 percent. This increase is attributable to an increase in gross revenues
generated by the rental car companies in FY 2015 over FY 2014.
Ground rentals charged by the Department for private hangar tenants, fixed-base operators, and concessionaires
increased to $22.1 million in FY 2015 from $21.6 million in FY 2014, an increase of 2.4 percent. This increase can be
attributed to amended lease agreements generating additional rental revenues.
Ground transportation fees charged by the Airport increased by 5.6 percent from $15.9 million in FY 2014 to $16.8
million in FY 2015. Ground transportation fees consist of percentage fees or trip charges paid to the Airport by
limousine operators, courtesy van operators, bus operators, and taxicabs. Taxicab trip fee revenues increased from
$7.4 million to $7.9 million, an increase of 6.1 percent. This increase can be attributed to an increase in the number
of trips. Percentage fees for limousines, courtesy vehicles, and buses increased by 5.2 percent during FY 2015 to $8.9
million. This increase is due to an increase in revenue earned by the limousine companies.
Gaming revenue at the Airport during FY 2015 increased by 8.2 percent over FY 2014, from $25.6 million to $27.7
million. The increase in gaming revenue can be attributed to the increase in passenger traffic and the strategic
placement of new gaming machines in higher traffic areas.
Profits from general aviation fuel sales increased from $4.1 million during FY 2014 to $4.5 million during FY 2015, an
increase of 10.8 percent. This increase relates to an increase of 5.7 percent in gross profit percentages on fuel sales.
Other operating revenue for FY 2015 decreased by $0.8 million compared to FY 2014. The majority of this decrease is
attributable to a decline in revenues generated from modifications of deed restrictions in connection with land
parcels that were formerly situated within noise contours. The majority of these modifications of deed restrictions
occurred during the first phase of the modification program, which was completed in FY 2014. The second phase of
the program was completed in FY 2015. Note that the majority of these parcels are located within the Co-operative
Management Area ("CMA"). Refer to Note 16, "Airport Land Transfers," for further details.
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