City government · Renville County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Franklin took in $915 thousand and spent $866 thousand.

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

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Where it comes from

Fees for services (water, sewer)43%State tax money22%City taxes21%Fines and other11%Federal tax money3.6%

What stands out

22%

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

City taxes21%

Property tax
20%$185 thousand
Other taxes
0.9%$8 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$5 thousand
  • Public utility taxes$3 thousand

Amounts are by Census tax category.

Fees for services43%

Fees for services
43%$391 thousand
What's in fees for servicesWater; sewer and 2 more
  • Water$160 thousand
  • Sewer$128 thousand
  • Other service charges$66 thousand
  • Garbage collection$37 thousand

Amounts are by Census type of charge.

Federal tax money3.6%

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

From the federal government
3.6%$33 thousand

State tax money22%

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

From the state
22%$200 thousand

Fines and other11%

Interest, rents and other
11%$98 thousand

Where it goes

Water, sewer, trash and utilities45%Interest on debt15%Running the government and other costs12%Police, fire, courts and jails12%Roads, transit and parking9.4%All other spending6.5%

What stands out

15%

of Franklin's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
45%$392 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$202 thousand
  • Water supply$154 thousand
  • Garbage and solid waste$36 thousand
Interest on debt
15%$130 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$91 thousand
  • Interest on water supply debt$39 thousand
Running the government and other costs
12%$107 thousand
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 1 more
  • Finance, tax collection and budgeting$54 thousand
  • Other and not broken out$46 thousand
  • Central staff services (personnel, purchasing, technology)$7 thousand
Police, fire, courts and jails
12%$100 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$56 thousand
  • Fire protection$44 thousand
Roads, transit and parking
9.4%$81 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$81 thousand
Parks, recreation and libraries
3.9%$34 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$34 thousand
Health and hospitals
2.5%$22 thousand
What's in health and hospitalsPublic health
  • Public health$22 thousand
Sources and moreWhere these numbers come from and what they cover

City of Franklin. 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 City 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.