Frankston City is situated on the eastern shore of Port Phillip Bay, about 40 kilometres south of Melbourne central business district. It is the major retail, employment, cultural, professional and administrative services centre for Melbourne's south-eastern suburbs and the Mornington Peninsula. Major institutions include Monash University, Chisholm Institute of TAFE and the Frankston Campus of Mornington Peninsula Hospital. The City's five major industry sectors by number of active and registered business entities are construction, property and business services, retail trade, personal and other services and manufacturing.

	2012-13	2011-12	2010-11	2009-10
Expenditure ($)	119.613m	124.239m	115.034m	109.636m
Revenue ($)	139.464m	125.982m	139.375m	112.488m
- Charges ($)	88.548m	82.688m	75.161m	69.880m
- VGC Grants ($)	8.582m	8.662m	8.491m	8.257m