Town government · Madison County, IN

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

In the latest recorded fiscal year (ended December 31, 2021), Frankton took in $3.5 million and spent $4.7 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

See every government that serves your ZIP

Where it comes from

Fees for services (electric power, water)75%State tax money17%Town taxes5.9%County and local tax money0.9%Fines and other0.5%

What stands out

75%

of Frankton'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%.

Town taxes5.9%

Property tax
5.7%$201 thousand
Other taxes
0.2%$6 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$5 thousand
  • Public utility taxes$1 thousand

Amounts are by Census tax category.

Fees for services75%

Fees for services
75%$2.7 million
What's in fees for servicesElectric power; water and 2 more
  • Electric power$2.0 million
  • Water$343 thousand
  • Sewer$337 thousand
  • Other service charges$5 thousand

Amounts are by Census type of charge.

State tax money17%

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

From the state
17%$617 thousand

County and local tax money0.9%

Money passed on by the county or other local governments.

From the county and other local governments
0.9%$33 thousand

Fines and other0.5%

Interest, rents and other
0.5%$18 thousand

Where it goes

Water, sewer, trash and utilities90%Running the government and other costs8.5%Roads, transit and parking0.9%Parks, recreation and libraries0.3%Police, fire, courts and jails0.1%Interest on debt<0.1%

What stands out

90%

of Frankton'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
90%$4.2 million
What's in water, sewer, trash and utilitiesSewer systems; electric power and 1 more
  • Sewer systems$2.1 million
  • Electric power$2.0 million
  • Water supply$206 thousand
Running the government and other costs
8.5%$399 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$396 thousand
  • Other and not broken out$3 thousand
Roads, transit and parking
0.9%$44 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$44 thousand
Parks, recreation and libraries
0.3%$15 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$15 thousand
Police, fire, courts and jails
0.1%$6 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$6 thousand
Interest on debt
<0.1%$3 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Frankton. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Frankton 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.