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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2020 <br />NOTE 15 - LEASES - Continued <br />A. Operating Leases - Continued <br />The property being leased is included in the Statement of Net Position governmental <br />activities and business -type activities columns and has a cost of $32,314,621 and a carrying <br />value of $20,205,277. Current year depreciation on property being leased was $663,926. <br />2. Future Minimum Lease Payments <br />The following is a schedule of minimum future lease payments to be paid by the County for <br />various non -cancelable operating leases such as office space and office equipment as of <br />September 30, 2020: <br />Year Amount <br />2021 $ 238,904 <br />2022 126,913 <br />2023 47,912 <br />2024 20,887 <br />2025 19,559 <br />2026-2030 7,500 <br />2031-2035 7,500 <br />2036-2040 5,400 <br />2041-2045 4,500 <br />2046-2050 3,600 <br />20512055 2,400 <br />2056-2060 1,500 <br />2061-2065 1,500 <br />2066-2070 1,500 <br />2071-2075 300 <br />Total future minimum lease payments $ 489,875 <br />105 <br />