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…will occur through fiscal year 2046, which is the term of the lease.
As of June 30, 2020, future lease payments are as follows.
Year Ending June 30:
2021
2022
2023
2024
2025
2026‐2030
2031‐2035
2036‐2040
2041‐2045
2046‐2050
Future
Minimum Lease
Payments
Interest
Principal
$
5,064,724
4,561,893
4,053,672
4,053,962
4,053,212
20,275,912
20,271,487…
https://www.wichita.edu/_archive/services/controller/Accounting/_documents/afr_20.pdf