City government · Benzie County, MI

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

In the latest recorded fiscal year (ended June 30, 2022), Frankfort took in $8.7 million and spent $9.6 million.

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

See every government that serves your ZIP

Where it comes from

Fines and other46%City taxes25%Fees for services (sewer, parks and recreation)21%State tax money4.7%County and local tax money3.0%Federal tax money<0.1%

What stands out

46%

of Frankfort's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

City taxes25%

Property tax
25%$2.2 million
Other taxes
0.5%$46 thousand
What's in other taxesOther licenses
  • Other licenses$46 thousand

Amounts are by Census tax category.

Fees for services21%

Fees for services
21%$1.8 million
What's in fees for servicesSewer; parks and recreation and 4 more
  • Sewer$622 thousand
  • Parks and recreation$580 thousand
  • Water$389 thousand
  • Other service charges$185 thousand
  • Garbage collection$38 thousand
  • Parking$28 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$8 thousand

State tax money4.7%

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

From the state
4.7%$409 thousand

County and local tax money3.0%

Money passed on by the county or other local governments.

From the county and other local governments
3.0%$264 thousand

Fines and other46%

Interest, rents and other
46%$4.0 million
Fines
<0.1%$1 thousand

Where it goes

Parks, recreation and libraries47%Roads, transit and parking16%Water, sewer, trash and utilities14%Running the government and other costs13%Police, fire, courts and jails7.3%Interest on debt2.1%

What stands out

47%

of Frankfort's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Parks, recreation and libraries
47%$4.5 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$4.5 million
Roads, transit and parking
16%$1.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.5 million
Water, sewer, trash and utilities
14%$1.3 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$1.3 million
  • Garbage and solid waste$49 thousand
Running the government and other costs
13%$1.3 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$684 thousand
  • Central staff services (personnel, purchasing, technology)$340 thousand
  • Finance, tax collection and budgeting$213 thousand
  • Government buildings$50 thousand
Police, fire, courts and jails
7.3%$698 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$390 thousand
  • Fire protection$308 thousand
Interest on debt
2.1%$202 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$148 thousand
  • Interest on water supply debt$54 thousand
Sources and moreWhere these numbers come from and what they cover

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

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.