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City reserve funds

Public, not open-licensedArea: City of Victoria December 31, 2025 · Where this covers

$316M at year end

For context

Was $297.1M in 2024 and $289.9M in 2021. Per resident: $3,046

Source: City of Victoria, Dec 31, 2025 · Full source

What it measures

Money the City holds in reserve funds at year end for future repairs, equipment and unexpected costs.

Why it matters

Reserves help pay for replacing infrastructure without sudden tax jumps. Most are set aside for specific purposes.

Over time

Reserve funds at year end

Line chart, 5 periods from 2021 to 2025. Reserves: starts at $289,949,000 (2021), ends at $316,456,000 (2025); highest $318,351,000 (2022), lowest $289,949,000 (2021). Every value is in the table.$280,000,000$290,000,000$300,000,000$310,000,000$320,000,00020212022202320242025$316,456,000$289,949,0002021: $289,949,0002022: $318,351,0002023: $305,009,0002024: $297,130,0002025: $316,456,000

The scale starts at $280,000,000 (not zero), so the changes look larger than they would on a scale from zero. Tap, hover or drag along the chart to see each value.

Reading this page

Shown for context, without a “better” or “worse” label. Reserves and operating surplus of $316.5 million at December 31, 2025, compared with $297.1 million a year earlier (+6.5%). The rules.

Source

Period
December 31, 2025
Licence
Public data, not under an open licence. Used with attribution. Agency’s terms of use
Updated by agency
Annually (audited report published mid-year); latest release Jul 1, 2025
Retrieved
Nov 11, 2026, 1:25 AM B.C. time

Source: City of Victoria, Annual Report (Statistics section). Public document, used with attribution; not endorsed by the publisher.

Text checked in the agency’s document

The script reads the agency’s own document each time and refuses to show a number unless this text is found.

  • Reserve funds total (in thousands): Total $ 289,949 $ 318,351 $ 305,009 $ 297,130 $ 316,456
Show the numbers as a table
Reserve funds at year end (newest first)
PeriodReserves
2025$316,456,000
2024$297,130,000
2023$305,009,000
2022$318,351,000
2021$289,949,000

Keep in mind

  • 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.

Where this covers

Area: City of Victoria

The City of Victoria municipality only, all neighbourhoods.

Included

  • All City of Victoria neighbourhoods, including Downtown, James Bay, Fairfield, Fernwood, Oaklands, Hillside/Quadra, North Park, Burnside, Victoria West, Rockland, Jubilee and Gonzales

Not included

  • Saanich, Oak Bay, Esquimalt, Langford and every other municipality in the region

Official definition

How the agency describes it: City of Victoria (municipality).

Connected to: Municipal (City budget). This is a label, not a judgement.

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