Notes to SEFA
The Authority did not make subawards of federal awards or state financial assistance during the year ended September 30, 2025.
The Authority did not recover its indirect costs using the de minimis indirect cost rate provided under Section 200.414 of the Uniform Guidance.
The Aviation Safety and Capacity Expansion Act of 1990 (Public Law 101 508, Title II, Subtitle B) authorized domestic airports to impose a passenger facility charge (PFC) on enplaning passengers. PFCs may be used for airport projects that meet at least one of the following criteria: • Preserve or enhance safety, security, or capacity of the national air transportation system • Reduce noise or mitigate noise impacts resulting from an airport • Furnish opportunities for enhanced competition between or among carrier Since 1993, the Federal Aviation Administration (FAA) has approved 12 PFC applications and amendments submitted by Jacksonville Aviation Authority. The Authority is currently authorized to collect PFCs in the amount of $4.50 per enplaned passenger up to a total for approved collections of approximately $390 million. Project expenditures may include amounts for the payment of principal, interest, and other financing costs on bonds for which the proceeds are used to pay PFC eligible costs on approved projects. As of September 30, 2025, the Authority had received approximately $318.3 million of PFC revenue and $9.1 million of interest earnings. The Authority had expended approximately $303.2 million on approved projects and debt repayments.