Item K2 K.2
Coty f � ,�� ,' BOARD OF COUNTY COMMISSIONERS
�� Mayor David Rice,District 4
The Florida Keys � Mayor Pro Tem Craig Cates,District 1
y Michelle Coldiron,District 2
James K.Scholl,District 3
Ij Holly Merrill Raschein,District 5
County Commission Meeting
October 19, 2022
Agenda Item Number: K.2
Agenda Item Summary #11121
BULK ITEM: Yes DEPARTMENT: Airports
TIME APPROXIMATE: STAFF CONTACT: Richard Strickland(305) 809-5200
N/A
AGENDA ITEM WORDING: Approval of the FY2023 Airline Rates and Charges for the Key
West International Airport effective October 1, 2022. The rates are adjusted as follows: Average
Terminal Rental Rate $65.38 per square feet ($2.36 increase over FY2022 mid-year rate), Landing
Fee Rate $3.34 ($0.31 increase) and Checkpoint Security Charge $1.67 per enplaned passenger
($0.15 increase). The average Airline Cost per Enplaned Passenger will be $8.86 ($0.11 decrease
from FY2022 mid-year).
ITEM BACKGROUND: As part of the Airport's annual budget process, Newton& Associates,
Inc. has updated the Airport's Rates and Charges. On August 30, 2022, a meeting was conducted
with the Airlines to discuss the FY2023 Budget Rates and Charges. Participating Airline
representatives were Allegiant and American. All airlines have received and reviewed the FY2023
Budget Rates and Charges. A mid-year review and a final year-end reconciliation will be conducted
based upon the rate structure in place with the Airlines. Airline underpayments will be billed to the
air carriers and overpayments will be refunded by the Airport via credits to the air carriers invoices.
PREVIOUS RELEVANT BOCC ACTION: Approval of annual Airline Rates and Charges each
year if changes are made.
CONTRACT/AGREEMENT CHANGES:
New Airline Rates and Charges.
STAFF RECOMMENDATION: Approval
DOCUMENTATION:
FY2023 Airline Budget Rates and Charges
FINANCIAL IMPACT:
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K.2
Effective Date: 10/01/2022
Expiration Date: 09/30/2023
Total Dollar Value of Contract: N/A
Total Cost to County: 0
Current Year Portion:
Budgeted: N/A
Source of Funds:
CPI:
Indirect Costs:
Estimated Ongoing Costs Not Included in above dollar amounts:
Revenue Producing: Yes If yes, amount: Approximately$6,898,422 for FY2023
Grant: N/A
County Match: N/A
Insurance Required: N/A
Additional Details:
REVIEWED BY:
Beth Leto Completed 09/17/2022 5:12 PM
Richard Strickland Completed 10/04/2022 10:29 AM
Pedro Mercado Completed 10/04/2022 12:31 PM
Purchasing Completed 10/04/2022 12:37 PM
Budget and Finance Completed 10/04/2022 12:40 PM
Brian Bradley Completed 10/04/2022 1:31 PM
Lindsey Ballard Completed 10/04/2022 2:34 PM
Board of County Commissioners Pending 10/19/2022 9:00 AM
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K.2.a
KEY WEST INTERNATIONAL AIRPORT
FY 2023 Budget Rates & Charges
SUMMARY
Mid-Year Budget Variance Variance
FY 2022 FY 2023 Amount Percent
Total Airport Operating&Maintenance Expense $9,740,236 $10,355,229 $614,994 6.31%
CID
Total Airport Capital Expense 370,090 401,043 $30,953 8.4%
Total Airport Operating, Maintenance&Capital Expense $10,110,326 $10,756,273 $645,946 6.39%
06
Terminal Building:
Terminal Requirement $3,879,909 $4,025,356 $145,447 3.75%
Terminal Productive Square Footage 61,564 61,564 $0 0.0%
Terminal Rental Rate Per Square Foot $63.02 $65.38 $2.36 3.75%
Airline Square Footage-Occupied 36,233 36,233 0 0.00%
Airline Terminal Rentals-Occupied $2,283,489 $2,369,091 $85,602 3.75%
Airline Direct Amortization Charge(Baggage Device) $4,527 $0 ($4,527) -100.00%
$2,288,016 $2,369,091 $81,075 3.5%
04
Airfield:
I
Net Airfield Requirement $3,016,081 $3,253,640 $237,559 7.88% 04
Total Aircraft Landed Weight 993,774 974,117 (19,657) -1.98%
Airfield Landing Fee Rate Per 1,000 Pounds $3.03 $3.34 $0.31 10.05%
Mid-Year Rate $2.76
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(D
Passenger Aircraft Landed Weight 985,712 966,055 (19,657) -1.99%
Passenger Airline Landing Fees $2,991,613 $3,226,712 $235,099 7.86%
Security Reimbursement Direct Bill Charges $1,076,770 $1,302,619 $225,849 20.97%
Enplaned Passengers 708,391 778,199 69,808 9.85%
Per Enplaned Passenger $1.52 $1.67 $0.15 10.12%
Total Estimated Airline Payments $6,356,399 $6,898,422 $542,023 8.53% as
Total Cost Per Airline Enplaned Passenger $8.97 $8.89 ($0.11) -1.21% (D
CD
Newton&Associates,Inc. 8/30/2022
FY 2023 Budget Rates&Charges >-
(D
E
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