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INDIAN RIVER COUNTY, FLORIDA <br />NOTES TO FINANCIAL STATEMENTS - CONTINUED <br />Year Ended September 30, 1992 <br />13. Operatinq Leases - Continued: <br />Future Minimum Lease Receipts <br />The following is a schedule by years of minimum future rentals to be received on <br />noncancellable operating leases for office space as of September 30: <br />Year Ending September 30, <br />1993 <br />$ 68,541 <br />1994 <br />68,541 <br />1995 <br />59,315 <br />1996 <br />46,696 <br />1997 <br />45,000 <br />Remaining <br />549,375 <br />Total future minimum lease receipts S837,468 <br />The property being leased is included in the County's General Fixed Asset Account <br />Group and has a carrying value of $834,273. <br />Future Minimum Lease Payments <br />The following is a schedule by years of minimum future rentals to be paid by the <br />County for noncancellable operating leases for office space as of September 30: <br />Year Ending September 30, <br />1993 <br />$ 57,854 <br />1994 <br />56,663 <br />1995 <br />35,953 <br />1996 <br />17,016 <br />1997 <br />17,016 <br />Remaining <br />374,352 <br />Total future minimum lease payments 8558.854 <br />14. Fund Equity: <br />A. The County has established certain reserves for restricted assets of the <br />Enterprise Funds. These assets are restricted by various covenants within the <br />revenue bond issues, as described in Note 8. <br />Reserved retained earnings at September 30, 1992 consist of the following: <br />B-54 <br />