What does the media upload area supposed look like?

Hi, in a regular wordpress single site set up http://mysite.com/wp-admin/options-media.php has this option:

"Uploading Files

Store uploads in this folder
Default is wp-content/uploads
Full URL path to files
Configuring this is optional. By default, it should be blank."

I don't see this option in my multisite set up under site admin or network admin. Am I missing something? Is multisite supposed to have this declaration of the upload folder?