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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2018 <br />NOTE 15 - OPERATING LEASES - 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 $33,928,527 and a carrying value of $23,503,799. <br />Current year depreciation on property being leased was $599,980. <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 such as office space and office equipment as of September 30, 2018: <br />Year Amount <br />2019 $ 244,887 <br />2020 122,278 <br />2021 123,350 <br />2022 66,563 <br />2023 1,500 <br />2024-2028 7,500 <br />2029-2033 7,500 <br />2034-2038 6,900 <br />2039-2043 4,500 <br />2044-2048 4,200 <br />2049-2053 2,100 <br />2054-2058 1,500 <br />2059-2063 1,500 <br />2064-2068 1,500 <br />2069-2073 1,500 <br />2074-2077 900 <br />Total future minimum lease payments: $ 598,178 <br />103 <br />