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Quarterly Financials: Revenue Up, Passenger Facility Charges Lag Expectations
Summary
Airport staff reported an 8% revenue increase in operations (new food & beverage and parking rate changes) but noted a roughly $150,000 variance on passenger facility charge postings due to travel patterns; staff said capital reimbursements remain pending and overall financials are favorable pending final June postings.
Lowell Valencia Miller, executive program administrator for revenue, presented the quarterly financial update. She described fund-level positions: customer facility charges (Fund 405) reflect timing variances and a capital encumbrance for a rental car facility; passenger facility charges (Fund 410) showed about a $150,000 shortfall tied to fewer 'legs' per passenger; airport operations (Fund 415) were about 8% ahead on revenue year-to-date driven by new food-and-beverage openings and higher parking fees.
Miller noted the airport applied a fee increase (hourly and daily parking rates) that contributed to higher non-aeronautical revenue and that landing-fee collections remain an area for negotiation with airlines. Leadership said they are monitoring June 30 close entries and pending reimbursements for capital projects, which produce a reported deficit in the airport capital account until reimbursements arrive.
Commissioners asked about passenger leakage to larger airports and marketing efforts to capture full itineraries; staff flagged ongoing outreach and partnerships with Visit Greater Palm Springs and marketing campaigns encouraging travelers to book through PSP.
