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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2020 <br />NOTE 15 - LEASES <br />A. Operating Leases <br />The County has entered into non -cancelable operating leases, both as lessor and lessee. <br />Lease terms vary from 1 to 99 years. Lease revenues totaled $769,509 and lease <br />expenditures totaled $256,827 for the year ended September 30, 2020. The County also <br />leases other equipment and office facilities as both lessor and lessee on a month-to-month <br />basis. <br />. Future Minimum Lease Receipts <br />Year Amount <br />2021 $ 673,193 <br />2022 593,244 <br />2023 542,272 <br />2024 493,475 <br />2025 419,321 <br />2026-2030 1,744,562 <br />2031-2035 859,492 <br />2036-2040 559,835 <br />2041-2045 530,110 <br />2046-2050 1,000 <br />Total future minimum receipts $ 6,416,504 <br />104 <br />