Village government · Oakland County, MI

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

In the latest recorded fiscal year (ended June 30, 2022), Franklin took in $6.3 million and spent $7.0 million.

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

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Where it comes from

Village taxes49%Fees for services (sewer)26%State tax money15%Fines and other9.6%County and local tax money0.3%Federal tax money0.1%

What stands out

46%

of Franklin's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Village taxes49%

Property tax
46%$2.9 million
Other taxes
3.2%$201 thousand
What's in other taxesOther licenses
  • Other licenses$201 thousand

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$1.6 million
What's in fees for servicesSewer and other service charges
  • Sewer$822 thousand
  • Other service charges$822 thousand

Amounts are by Census type of charge.

Federal tax money0.1%

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

From the federal government
0.1%$8 thousand

State tax money15%

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

From the state
15%$918 thousand

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$22 thousand

Fines and other9.6%

Interest, rents and other
8.7%$552 thousand
Fines
0.9%$54 thousand

Where it goes

Police, fire, courts and jails38%Roads, transit and parking18%Running the government and other costs17%Water, sewer, trash and utilities17%Parks, recreation and libraries4.8%Interest on debt4.8%

What stands out

38%

of Franklin's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
38%$2.7 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$2.0 million
  • Fire protection$473 thousand
  • Inspections and regulation$164 thousand
Roads, transit and parking
18%$1.3 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.3 million
Running the government and other costs
17%$1.2 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$873 thousand
  • Central staff services (personnel, purchasing, technology)$225 thousand
  • Government buildings$117 thousand
  • Finance, tax collection and budgeting$4 thousand
Water, sewer, trash and utilities
17%$1.2 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$974 thousand
  • Garbage and solid waste$189 thousand
Parks, recreation and libraries
4.8%$336 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$234 thousand
  • Parks and recreation$102 thousand
Interest on debt
4.8%$334 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 June 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 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.