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INDIAN RIVER COUNTY, FLORIDA NOTES TO FINANCIAL STATEMENTS - CONTINUED Year Ended September 30, 1992 S. Lona -Term Debt - Continued: E. Capital Leases and Notes Payable - Continued The following is an analysis of the leased property under capital leases: 9. Provision for Closure Costs: As explained in Note 1.0., current regulations of the U.S. Environmental Protection Agency (EPA) and the Florida Department of Environmental Regulation (FDER) require the Solid Waste Disposal District (SWDD) to place a final cover on closed landfill areas, and to maintain those areas for up to thirty years after closure. The SWDD recognizes the expenses associated with final closure and post -closure maintenance of the landfill areas over the active life of those areas. These costs are recog- nized in each operating period based on the amount of waste received during that period, regardless of when cash disbursements are made for these costs. The SWDD periodically obtains updated and revised estimates of total future closure and post -closure costs from its consulting engineers. The provision for closure costs reported in the financial statements as operating expense represents the portion of these estimated future outlays which are allocable to the current year based on the amount of waste received at active landfill areas during the year. The total unrecognized closure and post -closure costs attributable to the currently active landfill area (Segment II) is approximately $2.1 million. These costs will be recognized in future periods as the remaining capacity is filled. This landfill area is expected to close in the year 1996. In addition, the SWDD has already purchased land which is expected to provide landfill capacity through the year 2002. B-46 Capitalized Cost Clerk Board of of the Type of County Circuit Property Property Commissioners Court Sheriff Appraiser Total Computer equipment S - $ - 5 - $440,694 $ 440,694 Copier equipment - 7,671 70,163 - 77,834 Automotive equipment 475,775 - - - 475,775 Communication equipment - - 129,605 - 129,605 S475.775 S 7,671 S199,768$440,694 $1.123.908 The equipment listed above is recorded in the General Fixed Assets Account Group. 9. Provision for Closure Costs: As explained in Note 1.0., current regulations of the U.S. Environmental Protection Agency (EPA) and the Florida Department of Environmental Regulation (FDER) require the Solid Waste Disposal District (SWDD) to place a final cover on closed landfill areas, and to maintain those areas for up to thirty years after closure. The SWDD recognizes the expenses associated with final closure and post -closure maintenance of the landfill areas over the active life of those areas. These costs are recog- nized in each operating period based on the amount of waste received during that period, regardless of when cash disbursements are made for these costs. The SWDD periodically obtains updated and revised estimates of total future closure and post -closure costs from its consulting engineers. The provision for closure costs reported in the financial statements as operating expense represents the portion of these estimated future outlays which are allocable to the current year based on the amount of waste received at active landfill areas during the year. The total unrecognized closure and post -closure costs attributable to the currently active landfill area (Segment II) is approximately $2.1 million. These costs will be recognized in future periods as the remaining capacity is filled. This landfill area is expected to close in the year 1996. In addition, the SWDD has already purchased land which is expected to provide landfill capacity through the year 2002. B-46