City government · Howard County, MO

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

In the latest recorded fiscal year (ended June 30, 2022), New Franklin took in $783 thousand and spent $377 thousand.

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

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Where it comes from

Fees for services (water, sewer)59%City taxes24%Federal tax money14%State tax money3.7%Fines and other0.1%

What stands out

14%

of New Franklin's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes24%

Other taxes
9.5%$74 thousand
What's in other taxesPublic utility taxes; motor vehicle licenses and 2 more
  • Public utility taxes$66 thousand
  • Motor vehicle licenses$4 thousand
  • Tobacco taxes$2 thousand
  • Occupation and business licenses$2 thousand

Amounts are by Census tax category.

Sales tax
8.4%$66 thousand
Property tax
5.7%$45 thousand

Fees for services59%

Fees for services
59%$460 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$229 thousand
  • Sewer$189 thousand
  • Garbage collection$42 thousand

Amounts are by Census type of charge.

Federal tax money14%

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

From the federal government
14%$108 thousand

State tax money3.7%

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

From the state
3.7%$29 thousand

Fines and other0.1%

Fines
0.1%$1 thousand

Where it goes

Water, sewer, trash and utilities45%Interest on debt16%Police, fire, courts and jails15%Sent to other local governments14%Running the government and other costs8.8%

What stands out

14%

of New Franklin's spending goes to local governments.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
45%$170 thousand
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$133 thousand
  • Garbage and solid waste$37 thousand
Interest on debt
16%$62 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$61 thousand
  • Interest on general debt$1 thousand
Police, fire, courts and jails
15%$58 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$54 thousand
  • Courts and legal services$4 thousand
Sent to other local governments
14%$54 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$54 thousand
Running the government and other costs
8.8%$33 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$24 thousand
  • Finance, tax collection and budgeting$9 thousand
Sources and moreWhere these numbers come from and what they cover

City of New 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 City of New 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.