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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2013 <br />NOTE 18 - OPERATING LEASES — Continued <br />A. Future Minimum Lease Receipts - Continued <br />The property being leased is included in the statement of net position governmental activities and <br />business -type activities columns and has a cost of $29,077,088 and a carrying value of $20,284,620. <br />Current year depreciation on property being leased was $474,346. <br />B. Future Minimum Lease Payments <br />The following is a schedule of minimum future rentals to be paid by the County for various non- <br />cancelable operating leases of office space, park land, and office equipment as of September 30, 2013: <br />Year Amount <br />2014 $ 287,135 <br />2015 205,160 <br />2016 154,472 <br />2017 108,421 <br />2018 29,969 <br />2019-2023 7,500 <br />2024-2028 7,500 <br />2029-2033 7,500 <br />2034-2038 6,300 <br />2039-2043 4,500 <br />2044-2048 4,500 <br />2049-2053 3,000 <br />2054-2058 2,100 <br />2059-2063 1,500 <br />2064-2068 1,500 <br />2069-2073 1,500 <br />2074-2076 1,200 <br />Total future minimum lease payments: $ 833,757 <br />93 <br />