Laserfiche WebLink
Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2018 <br />NOTE 14 — OTHER POSTEMPLOYMENT BENEFITS PLAN (OPEB) - Continued <br />J. OPEB Expense and Deferred Outflows and Inflows of Resources Related to OPEB-Continued <br />Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB <br />will be recognized in OPEB expense as follows: <br />Year Ending Net Deferred Outflows <br />September 30 of Resources <br />2019 $ (970,890) <br />2020 (970,890) <br />2021 (970,890) <br />2022 (970,892) <br />2023 (1,020,377) <br />Thereafter (3,061,133) <br />Total $ (7,965,072) <br />NOTE 15 - OPERATING LEASES <br />The County has entered into non -cancelable operating leases, both as lessor and lessee. Lease terms <br />vary from 1 to 99 years. Lease revenues totaled $766,252 and lease expenditures totaled $192,013 for <br />the year ended September 30, 2018. The County also leases other equipment and office facilities as <br />both lessor and lessee on a month-to-month basis. <br />A. Future Minimum Lease Receipts <br />Year Amount <br />2019 $ 699,312 <br />2020 721,788 <br />2021 678,876 <br />2022 695,360 <br />2023 711,993 <br />2024-2028 2,381,619 <br />2029-2033 1,238,195 <br />2034-2038 586,647 <br />2039-2043 490,192 <br />2044-2047 225,167 <br />Total future minimum receipts: $ 8,429,149 <br />102 <br />