{
  "geography": "City of Victoria (municipality)",
  "scope": "city",
  "levels": [
    "Municipal (City budget)"
  ],
  "period": "December 31, 2025",
  "period_start": "2025-12-31",
  "period_end": "2025-12-31",
  "trend": "context",
  "direction_good": "down",
  "refresh_frequency": "Annually (audited report published mid-year)",
  "id": "city-reserves",
  "category": "City finances",
  "title": "City reserve funds",
  "plain_question": "How much money does the City hold in reserve funds at year end, for future repairs, equipment and unexpected costs?",
  "value": 316456000,
  "display_value": "$316.5M",
  "unit": "at December 31",
  "comparison": {
    "previous_period": "2024",
    "previous_value": 297130000,
    "change_percent": 6.5
  },
  "since_text": "Was $297.1M in 2024 and $289.9M in 2021. Per resident: $3,046",
  "trend_basis": "Reserves and operating surplus of $316.5 million at December 31, 2025, compared with $297.1 million a year earlier (+6.5%).",
  "right_direction": "Shown for context, without a “better” or “worse” label.",
  "caveats": [
    "Total of the City's reserve funds and operating surplus, less the unfunded employee benefit liability, as printed in the Annual Report.",
    "Most reserves are set aside for specific purposes, such as equipment and infrastructure, and are not free to spend."
  ],
  "charts": [
    {
      "title": "Reserve funds at year end",
      "fmt": "money",
      "unit": "",
      "lines": [
        {
          "name": "Reserves",
          "area": "city",
          "series": [
            {
              "period": "2021",
              "value": 289949000
            },
            {
              "period": "2022",
              "value": 318351000
            },
            {
              "period": "2023",
              "value": 305009000
            },
            {
              "period": "2024",
              "value": 297130000
            },
            {
              "period": "2025",
              "value": 316456000
            }
          ]
        }
      ]
    }
  ],
  "series": [
    {
      "period": "2021",
      "value": 289949000
    },
    {
      "period": "2022",
      "value": 318351000
    },
    {
      "period": "2023",
      "value": 305009000
    },
    {
      "period": "2024",
      "value": 297130000
    },
    {
      "period": "2025",
      "value": 316456000
    }
  ],
  "source": {
    "name": "City of Victoria, Annual Report (Statistics section)",
    "url": "https://www.victoria.ca/city-government/corporate-strategic-plan/annual-report",
    "dataset_url": "https://www.victoria.ca/city-government/corporate-strategic-plan/annual-report",
    "download_url": "https://www.victoria.ca/media/file/annual-report-2025"
  },
  "licence": {
    "name": "Public data, not under an open licence. Used with attribution.",
    "url": "https://www.victoria.ca/legal-disclaimer",
    "open": false
  },
  "verified_text": [
    "Reserve funds total (in thousands): Total $ 289,949 $ 318,351 $ 305,009 $ 297,130 $ 316,456"
  ],
  "data_published": "2025-07-01",
  "retrieved_at": "2026-11-11T08:25:36Z",
  "attribution": "Source: City of Victoria, Annual Report (Statistics section). Public document, used with attribution; not endorsed by the publisher.",
  "licence_type": "public"
}