The Airport utilizes three primary funding sources -- the Airport Improvement Program (AIP), the Passenger Facility Charge (PFC) Program and local funds from rates and charges at the Airport.
The Airport Improvement Program (AIP), is a federal grant program administered by the Federal Aviation Administration. AIP funding is utilized for AIP eligible and FAA-approved projects for the airfield and Terminal Building projects and typically requires a percentage of matching local funds from the Airport.
The Passenger Facility Charge (PFC) Program allows for the collection of PFC fees up to $4.50 for every eligible passenger at commercial service airports. PFCs are capped at $4.50 per flight segment with a maximum of two PFCs charged on a one-way trip and four PFCs on a round trip. PFCs are used to fund FAA-approved projects that enhance safety, security or capacity; reduce noise; or increase air carrier competition.
The Airport generates local funds from the rates and charges at the Airport from sources such as building and ground rentals, various concession fees, and advertising fees.
The Airport has a number of key financial and financial planning documents. These documents are included below.