Village government · Morgan County, IL

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

In the latest recorded fiscal year (ended March 31, 2022), Franklin took in $1.2 million and spent $950 thousand.

Latest recorded year: ended March 31, 2022Comes fromGoes to

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Where it comes from

Fees for services (water, gas)67%State tax money17%Fines and other9.4%Federal tax money3.5%Village taxes2.9%

What stands out

67%

of Franklin's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

Village taxes2.9%

Property tax
2.7%$32 thousand
Other taxes
0.2%$2 thousand
What's in other taxesOther licenses
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services67%

Fees for services
67%$787 thousand
What's in fees for servicesWater; gas and 1 more
  • Water$332 thousand
  • Gas$329 thousand
  • Sewer$126 thousand

Amounts are by Census type of charge.

Federal tax money3.5%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
3.5%$41 thousand

State tax money17%

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

From the state
17%$198 thousand

Fines and other9.4%

Interest, rents and other
9.4%$110 thousand

Where it goes

Water, sewer, trash and utilities67%Running the government and other costs17%Roads, transit and parking12%Interest on debt3.9%

What stands out

67%

of Franklin's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
67%$638 thousand
What's in water, sewer, trash and utilitiesGas supply; water supply and 1 more
  • Gas supply$373 thousand
  • Water supply$252 thousand
  • Sewer systems$13 thousand
Running the government and other costs
17%$164 thousand
What's in running the government and other costsFinance, tax collection and budgeting and other and not broken out
  • Finance, tax collection and budgeting$150 thousand
  • Other and not broken out$14 thousand
Roads, transit and parking
12%$111 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$111 thousand
Interest on debt
3.9%$37 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Franklin. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended March 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Franklin 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.