Village government · Will County, IL

Frankfort's money: where it comes from and where it goes

In the latest recorded fiscal year (ended April 30, 2022), Frankfort took in $42.2 million and spent $27.8 million.

Latest recorded year: ended April 30, 2022Comes fromGoes to

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Where it comes from

Fees for services (water)39%State tax money35%Village taxes18%County and local tax money6.2%Fines and other1.2%

What stands out

35%

of Frankfort's money comes from state tax money.A typical U.S. city of 10,000 to 50,000 people gets 7%.

Village taxes18%

Property tax
9.5%$4.0 million
Other taxes
8.8%$3.7 million
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$1.8 million
  • Other licenses$1.1 million
  • Other selective sales taxes$782 thousand

Amounts are by Census tax category.

Fees for services39%

Fees for services
39%$16.3 million
What's in fees for servicesWater and other service charges
  • Water$13.7 million
  • Other service charges$2.6 million

Amounts are by Census type of charge.

State tax money35%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
35%$15.0 million

County and local tax money6.2%

Money passed on by the county or other local governments.

From the county and other local governments
6.2%$2.6 million

Fines and other1.2%

Interest, rents and other
0.7%$298 thousand
Fines
0.5%$197 thousand

Where it goes

Water, sewer, trash and utilities36%Police, fire, courts and jails28%Running the government and other costs14%Roads, transit and parking12%Interest on debt9.3%

What stands out

9.3%

of Frankfort's spending goes to interest on debt.A typical U.S. city of 10,000 to 50,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
36%$10.1 million
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$8.5 million
  • Garbage and solid waste$1.6 million
Police, fire, courts and jails
28%$7.9 million
What's in police, fire, courts and jailsPolice
  • Police$7.9 million
Running the government and other costs
14%$3.9 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$2.1 million
  • Other and not broken out$1.4 million
  • Finance, tax collection and budgeting$383 thousand
Roads, transit and parking
12%$3.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.4 million
Interest on debt
9.3%$2.6 million
Sources and moreWhere these numbers come from and what they cover

Village of Frankfort. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended April 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Frankfort itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.