City government · Clinton County, IN

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

In the latest recorded fiscal year (ended December 31, 2023), Frankfort took in $82.5 million and spent $89.0 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

See every government that serves your ZIP

Where it comes from

Fees for services (electric power, water)69%City taxes27%Fines and other2.1%County and local tax money1.2%State tax money0.8%

What stands out

69%

of Frankfort's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 10,000 to 50,000 people gets 30%.

City taxes27%

Property tax
14%$11.2 million
Individual income tax
7.1%$5.9 million
Other taxes
6.7%$5.5 million
What's in other taxesOther selective sales taxes; motor vehicle licenses and 2 more
  • Other selective sales taxes$4.3 million
  • Motor vehicle licenses$1.1 million
  • Other licenses$58 thousand
  • Public utility licenses$34 thousand

Amounts are by Census tax category.

Fees for services69%

Fees for services
69%$56.5 million
What's in fees for servicesElectric power; water and 5 more
  • Electric power$38.8 million
  • Water$17.0 million
  • Other service charges$451 thousand
  • Parks and recreation$226 thousand
  • Parking$12 thousand
  • Garbage collection$4 thousand
  • Airport$1 thousand

Amounts are by Census type of charge.

State tax money0.8%

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

From the state
0.8%$678 thousand

County and local tax money1.2%

Money passed on by the county or other local governments.

From the county and other local governments
1.2%$962 thousand

Fines and other2.1%

Interest, rents and other
2.1%$1.7 million
Fines
<0.1%$14 thousand

Where it goes

Water, sewer, trash and utilities69%Running the government and other costs13%Police, fire, courts and jails10%Interest on debt3.4%Roads, transit and parking2.3%All other spending2.2%

What stands out

69%

of Frankfort's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
69%$61.3 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 2 more
  • Electric power$42.8 million
  • Sewer systems$10.2 million
  • Water supply$7.4 million
  • Garbage and solid waste$948 thousand
Running the government and other costs
13%$11.8 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 1 more
  • Central staff services (personnel, purchasing, technology)$10.9 million
  • Finance, tax collection and budgeting$487 thousand
  • Other and not broken out$402 thousand
Police, fire, courts and jails
10%$8.9 million
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$4.6 million
  • Police$4.2 million
  • Courts and legal services$67 thousand
Interest on debt
3.4%$3.1 million
Roads, transit and parking
2.3%$2.0 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.5 million
  • Airports$497 thousand
Parks, recreation and libraries
2.1%$1.8 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.8 million
Health and hospitals
<0.1%$82 thousand
What's in health and hospitalsPublic health
  • Public health$82 thousand
Sources and moreWhere these numbers come from and what they cover

City of Frankfort. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of City 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.