Laramie Regional Airport Brief History and Mission Statement ➢ Brees Field Airport Opened in 1934 ➢ 5- Person Joint Powers Board formed in 1965 – Members are jointly appointed by City Council and County Commissioners ➢ Name Changed to Laramie Regional Airport in 1992 ➢ LRA has two All-Weather Runways on 1,600 acres ➢ Home to 40 Based Aircraft ➢ Twice-Daily Jet Service to/from DIA on United Express Airlines – 50 passenger aircraft Brief History and Mission Statement ➢ 10,000 Annual Boardings Entitles LRA to $1,000,000 of FAA Grant Funds to be used on Capital Improvements ➢ LRA is an Essential Air Service Airport - Airline receives an annual subsidy to serve LRA ➢ Airline Passenger #’s Continue to Grow – Total Passengers 2018 – 32,521 ➢ Mission Statement: Provide a safe and secure facility for the benefit of the commercial and general aviation community by providing: services, professional staff, coordination and cooperation with the Federal Aviation Administration, Wyoming State Aeronautics Division, Laramie City Council, and the Albany County Commissioners. Bombardier CRJ-200 50-Passenger Regional Jet University of Wyoming Flight Facility and King Air 200 Aircraft LRA is a FAA Certificated Airport ➢ LRA Required to Meet Specific FAA Safety Standards that Enable Airlines to Operate in and out of Laramie - Highly Trained Staff in Airport Operations - Aircraft Rescue Fire Fighters (ARFF) - Emergency Response - Aircraft Fueling - Airfield Snow Removal - TSA Airport Security Requirements ➢ Maintaining the Airfield to these Important Safety Standards Continues to be a Priority at LRA – Costs to meet Standards continue to rise. Airport Firetruck – Oshkosh Striker 1500 Effectiveness of LRA Services Two Measurable Items that LRA Constantly Analyze Include: 1. Total Number of Passengers In/Out of Laramie - 32,521 in 2018 (Highest on Record) - Previous High - 29,280 in 2016 - Previous 5-Year Average - 26,761 2. Total Number of Gallons of Jet Fuel Sold - 323,822 Gallons Sold in 2018 (Record Year) - Previous High 304,667 Gallons in 2016 - Previous 5-Year Average – 257,191 Gallons Marketing Activities at LRA 2018-2019 ➢Launched New Web-Site for the Airport – 2 ways to get there - Laramieairport.com - FlyLaramie.com ➢ Launched New Instagram Site - laramieairport ➢ Increased Coverage/Activity on Airport’s Facebook Page ➢ Third Annual “Airport Day” – July 2018 – Huge Success - More Than 130 People received Free Airplane Rides ➢ Fourth Annual “Airport Day” – SATURDAY JULY 13TH 2019 LARAMIE “AIRPORT DAY” Self Sufficiency Strategy Ideas Revenue Enhancements Discussed: ➢ Increase Revenue from Rental Car Companies 1. “Off-Airport” Rental Car Agencies 2. Rental Car Agencies Located at LRA ➢ Charging Corporate Aircraft that Use LRA 1. “Ramp Fees” and/or “Facility Fees” 2. Fees are Waived with Minimum Fuel Purchase ➢ LRA has Space Available for Hangar Development Self Sufficiency Strategy Ideas Revenue Enhancements - Continued: ➢ LRA Property Available for both Aviation and Non-Aviation Development – LRAB Continues to make Progress in Attracting Potential Drone Development to LRA ➢ Increased Revenue Opportunities with the Completion of the New Terminal LRAB and Management had a lengthy discussion regarding expenditure line items and determined there was no room to decrease expenditures at this time. Leverage Funds - Grants Fiscal Year 2018 – 2019 Grant Activity: 1. Rehabilitate Runway 03-21 & Replace All Signage on Airfield to LED FAA Portion – 95% $4,450,000 State Aeronautics – 3% 140,526 Local Portion – 2% 93,685 TOTAL PROJECT $4,684,211 2. Seal Coat and Marking Airfield Pavements State Aeronautics – 90% $ 267,638 Local Portion – 10% 29,738 TOTAL PROJECT $ 297,376 Leverage Funds - Grants Fiscal Year 2018 – 2019 Grant Activity (Continued): 3. Tractor Mower with Attachments State Aeronautics – 90% $ 90,940 Local Portion – 10% 10,104 TOTAL PROJECT $101,044 4. Crack Seal & Spall Repair State Aeronautics – 80% $ 120,070 Local Portion – 10% 30,018 TOTAL PROJECT $ 150,088 Leverage Funds - Grants Fiscal Year 2018 – 2019 Grant Activity (Continued): TOTAL CAPITAL IMPROVEMENTS AT LRA FOR FY 2018-2019 UTILIZING FAA, WYDOT AERONAUTICS, AND LOCAL FUNDS: FAA FUNDS: $4,450,000 WYDOT AERONAUTICS FUNDS: 619,174 LOCAL FUNDS: 163,545 TOTAL PROJECT IMPROVEMENTS $5,232,719 Very Successful Year Leveraging Local Funds! Local Funds Breakdown: County - $50,000 - City $45,617 - Airport $67,928 Runway & Marking Improvements FY 2018-2019 Financial Information Laramie Regional Airport Operates with Four Funds: 1. Laramie Regional Airport Fund 2. Cowboy Aviation Fund 3. Professional Airpark Research Center (PARC) 4. Capital Improvement Fund Operating Funds (LRA, Cowboy, PARC) Revenues: Fuel Sales $ 1,070,850 Leases/Agreements/Services 354,545 Miscellaneous Fees/Sales 90,200 Governmental – City & County 100,000 TOTAL OPERATING REVENUES $ 1,615,595 Financial Information (Continued) Operating Funds (LRA, Cowboy, PARC) Expenditures: Cost of Sales $ 787,200 Personnel Expenses 331,165 Utilities 78,565 Insurance 60,943 Debt Service 78,651 Other Operating Expenses 279,071 TOTAL OPERATING EXPENSES $1,615,595 Total Operating Budget for Current FY 2018-2019 $1,615,595 – City Contribution of $50,000 is 3.1% of total Operating Budget. An extremely important funding piece in the operation of Laramie Regional Airport. Current Improvement Projects at LRA New Terminal Building at LRA Current Improvement Projects at LRA ➢ Break Ground – Summer 2019 ➢ Completion – Fall 2020 ➢ Existing Facility – 7,400 sq. ft. ➢ New Facility – 16,000 sq. ft. ➢ Existing Budget - $ 11,000,000 FY 2019-2020 Local Match Requirement : FAA Funding - 93.75% $2,000,000 State Match – 3.75% 80,000 Local Match - 2.5% 53,333 LRA is a valuable asset for the Laramie Community and a vital part of the economic stability and development in the Laramie Valley. ➢ WYDOT Aeronautics Economic Impact Study: - Total Impact Related to Airline Activities $ 20,883,780 – 2013 Study ➢ New Economic Impact Study to begin this Summer. The Laramie Regional Airport Board, and Management, appreciates the City’s support of our Community Airport, and look forward to a continued partnership with the City of Laramie. QUESTIONS ??.