Village government · Herkimer County, NY

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

In the latest recorded fiscal year (ended May 31, 2022), Frankfort took in $4.8 million and spent $7.0 million.

Latest recorded year: ended May 31, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (electric power, water)60%Village taxes26%County and local tax money5.2%State tax money3.9%Fines and other3.7%Federal tax money0.5%

What stands out

60%

of Frankfort'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%.

Village taxes26%

Property tax
22%$1.1 million
Other taxes
4.5%$217 thousand
What's in other taxesOther selective sales taxes; public utility taxes and 1 more
  • Other selective sales taxes$159 thousand
  • Public utility taxes$53 thousand
  • Other licenses$5 thousand

Amounts are by Census tax category.

Fees for services60%

Fees for services
60%$2.9 million
What's in fees for servicesElectric power; water and 3 more
  • Electric power$2.3 million
  • Water$583 thousand
  • Sewer$60 thousand
  • Other service charges$10 thousand
  • Parks and recreation$8 thousand

Amounts are by Census type of charge.

Federal tax money0.5%

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

From the federal government
0.5%$22 thousand

State tax money3.9%

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

From the state
3.9%$188 thousand

County and local tax money5.2%

Money passed on by the county or other local governments.

From the county and other local governments
5.2%$252 thousand

Fines and other3.7%

Interest, rents and other
3.7%$178 thousand
Fines
<0.1%$2 thousand

Where it goes

Water, sewer, trash and utilities38%Running the government and other costs36%Police, fire, courts and jails12%Roads, transit and parking9.7%Interest on debt2.7%All other spending1.3%

What stands out

36%

of Frankfort's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Water, sewer, trash and utilities
38%$2.6 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 1 more
  • Electric power$2.2 million
  • Water supply$414 thousand
  • Sewer systems$28 thousand
Running the government and other costs
36%$2.6 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$2.3 million
  • Government buildings$125 thousand
  • Central staff services (personnel, purchasing, technology)$70 thousand
  • Finance, tax collection and budgeting$13 thousand
Police, fire, courts and jails
12%$874 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$652 thousand
  • Fire protection$204 thousand
  • Courts and legal services$18 thousand
Roads, transit and parking
9.7%$679 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$679 thousand
Interest on debt
2.7%$187 thousand
Sent to other local governments
0.7%$52 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$52 thousand
Parks, recreation and libraries
0.5%$35 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$35 thousand
Health and hospitals
<0.1%$3 thousand
What's in health and hospitalsPublic health
  • Public health$3 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Frankfort. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended May 31, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village 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.