Okaloosa County BOCC — August 11, 2015 — Airports

BOARD OF COUNTY COMMISSIONERS OKALOOSA COUNTY, FLORIDA SERVICE AREA: TRANSPORTATION DEPARTMENT/PROGRAM: AIRPORTS/DESTIN-FORT WALTON BEACH AIRPORT (VPS) – OPERATIONS AND MAINTENANCE PROGRAM DESCRIPTION: Northwest Florida Regional Airport operates and maintains a 130 acre facility with a 121,000 square foot terminal building to provide schedules airline service to over 800,000 passengers annually through four (4) airlines. Six (6) rental car companies (7 brands) and other concessions provide services to an additional 1 million visitors. REVENUE: Destin-Fort Walton Beach Airport generates revenue from concession agreements, parking fees, landing fees and terminal rents. Passenger Facility Charges (PFC) associated with airline tickets and Customer Facility Charges (CFC) associated with rental car agreements provides revenue for specific projects. MAJOR ACCOMPLISHMENTS LAST YEAR: Ø Maintained an upgraded bond rating from Standard & Poor’s of BBB+ with stable outlook for 5th straight year. Ø Upgraded three Passenger Loading Bridges (PLBs) with Bag Lifts Ø Replaced two Regional Boarding Ramps with PLBs Ø Installed automated Exit Lane Security System Ø Secured 4 acre lease on Eglin to construct a joint Aircraft Rescue and Fire Fighting Facility: designed and bid same for construction to be completed for Eglin firefighters in early FY 2016. Ø Completed repairs resulting from significant storm event in the amount of $250,000. The following projects are planned for Fiscal Year 2016: Ø Baggage Inspection System modernization/upgrade Ø Replace Terminal area carpeting with terrazzo Construct an ARFF on EAFB. PROGRAM GOAL: To provide safe, affordable, dependable air transportation and support services in a premier facility that ensures comfort and convenience for business, military and leisure travelers. KEY OBJECTIVES: 1. Exceed all federal (FAA, TSA, etc.) and state (FDOT) regulatory operating standard for safety and security. 2. Provide a financially self-sufficient enterprise where airport specific revenue exceeds expenditures. 3. Continue to develop air carrier services and support businesses that provide a positive economic impact on the community that exceeds $500 million annually. 4. Build upon successful advertising and marketing campaigns to showcase the attributes of VPS to prevent passenger leakage to other competing airports in the region. 5. Maintain the lowest cost per enplaned passenger in the region. 6. Keep all operations and maintenance related expenses at the lowest possible level. 7. Increase sources of non-airline revenue to lower airport rates and charges. PERFORMANCE MEASURES: Actual Estimated Adopted Performance Measures FY13/14 FY14/15 FY15/16 Achieve the lowest Cost per Enplaned Passenger (CEP) $4.98 $5.38 $5.50 Maintain lowest debt per enplaned passenger $46.32 $43.26 $43.10 Maintain high debt service coverage ratio 1.81 2.01 2.10 Increase non-airline revenue per sq. ft. of terminal space $44.13 $45.50 $45.58 Achieve high non-airline revenue per enplaned passenger $14.31 $15.00 $15.65 Compare enplaned passengers per employee 7,460:1 7,680:1 7,900:1 Notes: FY 15 CEP rose due to increased expenditures and fewer passengers than anticipated.  BOARD OF COUNTY COMMISSIONERS OKALOOSA COUNTY, FLORIDA SERVICE AREA: TRANSPORTATION DEPARTMENT/PROGRAM: AIRPORTS/DESTIN EXECUTIVE AIRPORT (DTS), GENERAL AVIATION PROGRAM DESCRIPTION: This program consists of the operation and mainte