The purpose of the Office of Budget and Performance is to lead the City of Franklin's budgeting, innovation and operational performance efforts. The primary functions are:

• Supervise all aspects of the City's Annual Operating and Capital Budgeting processes
• Provide ongoing support and analysis for the City's long-range Capital Investment Plan along with the Engineering Department
• Spearhead Benchmarking and Performance Measurement efforts for the City of Franklin
• Oversee and shepherd the City's Strategic Plan, FranklinForward
• Conduct regular Citizen's Surveys of the City's population
• Identify process improvement opportunities in City functions
• With the Finance Department, provide long-range financial planning and modeling

What's New?

***New: FY 2025 Approved Budget Summary***

 ***New: FY 2025 Approved Operating Budget***

 ***New: FY 2025 Proposed Budget - City Administrator's Presentation***

Check out FranklinForward - the City's first Open Data Performance Measurement website.

Budget Basics

The Budget is composed of separate funds that are balanced independently -- revenues equal expenditures. Within each fund, there are revenues, personnel expenditures if applicable, operating and maintenance expenditures, and capital expenditures.

• Go to FY 2025 budget documents by clicking this link

The City's budget is shown in program areas to make it more user friendly and understandable. Those program areas are: 

• Governance & Management
• Finance & Administration
• Community & Economic Development
• Public Safety
• Public Works
• Other General Fund Operating Expenditures
• Other Special Funds

The City of Franklin's General Fund Balance Policy provides guidelines for preparing the annual budget and ensures that sufficient reserves are maintained for unanticipated expenditures or revenue shortfalls.

The General Fund is the principal operating fund of City government. It accounts for services to the public, including police, fire, streets, parks, planning and a variety of administrative departments that support operations. Taxes, fees and charges, and contributions from other governments are the primary financial resources for general government. Non-operational categories are debt service, capital improvements and reserves related to these operating funds.

Special Revenue Funds are State Street Aid, Solid Waste, Road Impact Fees, City Facilities Tax, County Facilities Tax, Stormwater, Drug, Hotel/Motel Tax, Parkland Dedication, Transit, CDBG and Fleet Replacement. Revenues that flow to these funds can be used only for the projects or services provided by these funds.

The Debt Service fund, first used in 2009-2010, includes anticipated principal, interest, and other debt fees as well as the sources of revenue for these payments.   

The City's water, wastewater and reclaimed water activity is combined into a single enterprise fund. Like the general government fund, the utility funds have operating and non-operating components. Utility operating funds account for the cost of providing and maintaining services to its customers. Distinct from the general government fund, each of the utilities operate much the same as a business (enterprise), with customer charges (rates) supporting all costs. Resources of the utilities cannot be used to subsidize general government functions.