Laserfiche WebLink
<br /> 102 <br />City of Elk River <br />Notes to Basic Financial Statements <br /> <br /> <br />NOTE 17 – OTHER INFORMATION (CONTINUED) <br /> <br />B. Joint Ventures <br />The City has agreements with government and other entities which provide reduced costs , better <br />service, and additional benefits to the participants. In 2007 , the City and neighboring municipalities <br />formed the Sherburne/Wright Cable Communications Commission (the Commission). The purpose of <br />the organization is to monitor the operation and activities of cable communications of the member <br />municipalities. The Commission also provides coordination , administration, and enforcement of the <br />franchises for the cable communication system. The City has no ongoing financial interest or <br />responsibility with regards to the Cable Commission. Financial statements for the Commission can be <br />obtained by writing to: Sherburne/Wright Cable Communications Commission at 444 Cedar Street , <br />Suite 950, St. Paul, Minnesota 55101. <br /> <br />C. Segment Information <br />The City maintains six enterprise funds that account for the municipal liquor operations , garbage <br />collections, sewer, storm water, water, and electric utilities. The City considers each of its <br />enterprise funds to be a segment. Since the required segment information is already included in the <br />City's proprietary funds' balance sheet and statement of revenues , expenses, and changes in net <br />position balance, this information has not been repeated in the notes to the basic financial <br />statements. <br />Page 292 of 637