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SHERBURNE-WRIGHT COUNTY CABLE COMMUNICATIONS COMMISSION II <br /> NOTES TO FINANCIAL STATEMENTS <br /> 1 DECEMBER 31, 2007 <br /> NOTE 3 ON BEHALF PAYMENTS FOR COMMISSIONERS <br /> 1 The Commission has agreed to pay for basic cable for each of the Commissioners and <br /> appointed alternates for each Member City, Total payments on behalf of the commissioners <br /> for these services for the year ended December 31, 2007 amounted to $14.305, and is <br /> reported as cable service expenditures. <br /> 1 NOTE 4 CONCENTRATIONS <br /> The Commission received approximately 95% of its revenues from one cable television <br /> service provider for the year ended December 31, 2007. <br /> NOTE 5 COMMITMENTS <br /> 1 The Commissions' Restated Joint and Cooperative Agreement (the Agreement) requires the <br /> Commission to adopt and annual budget. The Agreement also requires that any payments <br /> ' received in excess of the Commission's budget shall be returned to participating <br /> municipalities in the same proportion as each participating municipality's contribution to the <br /> Commission budget. Participating municipalities are required to use any returned <br /> contributions for cable-related expenses. <br /> 1 <br /> i <br /> 1 <br /> i <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 1 (7) <br />