{
  "id": "capital-delivery",
  "category": "City finances",
  "title": "Capital work done compared with the plan, City of Victoria",
  "geography": "City of Victoria (municipality)",
  "scope": "city",
  "levels": [
    "City council (financial plan)"
  ],
  "plain_question": "Of the capital work (buildings, roads, pipes, equipment) the City planned for the year, how much did it carry out?",
  "value": 39.1,
  "display_value": "39%",
  "unit": "of planned capital spending carried out",
  "period": "Calendar year 2025",
  "period_start": "2025-01-01",
  "period_end": "2025-12-31",
  "comparison": {
    "previous_period": "Calendar year 2024",
    "previous_value": 50.4,
    "change_percent": -11.4,
    "change_unit": "percentage points"
  },
  "trend": "context",
  "trend_basis": "2025: $64,167,813 acquired against $164,272,000 in the financial plan (39.1%). 2024: $77,224,466 against $153,162,000 (50.4%), from the 2024 annual report.",
  "direction_good": "up",
  "right_direction": "Shown for context. Work can be delayed for good reasons, and a plan can be set high on purpose, so no direction is labelled.",
  "since_text": "Planned $164.3 million, done $64.2 million in 2025.",
  "caveats": [
    "Both figures are the line “Acquisition of tangible capital assets” in the City’s audited Statement of Change in Net Financial Assets: the Financial Plan column and the actual column.",
    "Capital work not done in the year is usually carried forward to later years.",
    "The 2025 report restates 2024 at $73,457,247; the 2024 report showed $77,224,466. Each year is read from its own report here."
  ],
  "charts": [],
  "series": [
    {
      "period": "2024",
      "value": 50.4
    },
    {
      "period": "2025",
      "value": 39.1
    }
  ],
  "derived_figures": [
    {
      "what": "Share 2025",
      "formula": "actual ÷ financial plan × 100",
      "inputs": {
        "Financial Plan": 164272000,
        "Actual": 64167813
      },
      "result": 39.1
    },
    {
      "what": "Share 2024",
      "formula": "actual ÷ financial plan × 100",
      "inputs": {
        "Financial Plan": 153162000,
        "Actual": 77224466
      },
      "result": 50.4
    }
  ],
  "refresh_frequency": "Yearly (audited report published mid-year)",
  "retrieved_at": "2026-11-12T03:45:55Z",
  "source": {
    "name": "City of Victoria, Annual Report 2025, Statement of Change in Net Financial Assets",
    "url": "https://www.victoria.ca/media/file/annual-report-2025",
    "dataset_url": "https://www.victoria.ca/media/file/annual-report-2025",
    "download_url": "https://www.victoria.ca/media/file/annual-report-2025",
    "locator": "Annual Report 2025, Statement of Change in Net Financial Assets, “Acquisition of tangible capital assets”",
    "publisher_page": "https://www.victoria.ca/city-government/corporate-strategic-plan/annual-report",
    "also": [
      {
        "name": "Annual Report 2024",
        "url": "https://www.victoria.ca/media/file/annual-report-2024"
      }
    ]
  },
  "licence": {
    "name": "Public data, not under an open licence. Used with attribution.",
    "url": "https://www.victoria.ca/legal-disclaimer",
    "open": false
  },
  "verified_text": [
    "Acquisition of tangible capital assets (164,272,000) (64,167,813) (73,457,247)",
    "Acquisition of tangible capital assets (153,162,000) (77,224,466) (105,205,048)"
  ],
  "data_published": "2026-07-17",
  "attribution": "Source: City of Victoria, Annual Report 2025, Statement of Change in Net Financial Assets. Public document, used with attribution; not endorsed by the publisher.",
  "licence_type": "public",
  "source_tier": 1,
  "measure_kind": "service result",
  "better_measure": null,
  "status_rule": {
    "rule": "One rule for every measure: a change smaller than 5% of the earlier value, or smaller than the agency's own margin of error, is “About the same”; no change is calculated across a marked break in a series; homelessness estimates, prices, staffing and comparison pages are shown for context without a label.",
    "reason": "Capital work can be delayed or re-planned for good reasons, so no direction is labelled.",
    "threshold_percent": 5.0
  },
  "changes": {
    "year": {
      "period": "Calendar year 2024",
      "value": 50.4,
      "text": "vs 2024: -11.3 points"
    },
    "five_year": null
  },
  "direction": {
    "type": "context",
    "rule": "Outcome measures read Better, Worse or About the same; published government targets read Ahead of, On or Behind target; value-judgement measures read Rising, Falling or Steady in a neutral colour. A change smaller than the agency's own margin of error, or otherwise smaller than 5% of the earlier value, is About the same (or Steady). No change is calculated across a marked break in a series.",
    "key": "falling",
    "label": "Falling",
    "arrow": "▼",
    "rel": -22.420634920634917,
    "delta": -11.299999999999997,
    "vs": "Calendar year 2024",
    "cur": "Calendar year 2025",
    "why": " The change is 22.4% of the earlier value, at or above the 5% threshold.",
    "change": "11.3 pt",
    "one_year": "−11.3 pt",
    "long_why": "The series starts in 2024, so there is no reading longer than one year yet."
  },
  "benchmark": {
    "rung": 5,
    "rung_name": "No target found",
    "as_of": "2026-11-12",
    "items": [
      {
        "kind": "none",
        "label": "No target found",
        "text": "No target for the share of planned capital work carried out found in the City’s Five Year Financial Plan Bylaw, 2026 or its 2025 Annual Report, as of November 12, 2026. Who could set one: Victoria City Council.",
        "area": "City of Victoria",
        "source": {
          "title": "Five Year Financial Plan Bylaw, 2026 (No. 26-040), Schedule 5",
          "publisher": "City of Victoria",
          "date": "adopted May 7, 2026",
          "url": "https://www.victoria.ca/media/4520",
          "terms": "https://www.victoria.ca/legal-disclaimer",
          "refresh": "Yearly, with the City budget",
          "licence": "Public document, not under an open licence. Quoted with attribution.",
          "checked": "2026-11-12",
          "key": "fin_plan"
        },
        "documents_checked": [
          {
            "title": "Five Year Financial Plan Bylaw, 2026 (No. 26-040), Schedule 5",
            "publisher": "City of Victoria",
            "date": "adopted May 7, 2026",
            "url": "https://www.victoria.ca/media/4520",
            "terms": "https://www.victoria.ca/legal-disclaimer",
            "refresh": "Yearly, with the City budget",
            "licence": "Public document, not under an open licence. Quoted with attribution.",
            "checked": "2026-11-12",
            "key": "fin_plan"
          },
          {
            "title": "City of Victoria 2025 Annual Report",
            "publisher": "City of Victoria",
            "date": "2026",
            "url": "https://www.victoria.ca/media/file/annual-report-2025",
            "terms": "https://www.victoria.ca/legal-disclaimer",
            "refresh": "Yearly",
            "licence": "Public document, not under an open licence. Quoted with attribution.",
            "checked": "2026-11-12",
            "key": "ar2025"
          }
        ]
      }
    ],
    "drawn": [],
    "rule": "Highest rung found is shown; the site never sets a target. Methods, Targets."
  },
  "benchmarks": [],
  "highest_rung": 5,
  "no_target_found": {
    "documents_checked": [
      "ar2025",
      "fin_plan"
    ],
    "checked_on": "2026-11-12",
    "who_could_set": [
      "Victoria City Council"
    ]
  },
  "decided_by": [
    {
      "body": "COV",
      "name": "City of Victoria Council",
      "decides": "Adopts the financial plan by bylaw each year, then sets property tax rates by bylaw before May 15.",
      "laws": [
        {
          "key": "cc165",
          "label": "Community Charter, s. 165",
          "url": "https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/03026_06#section165"
        },
        {
          "key": "cc197",
          "label": "Community Charter, s. 197",
          "url": "https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/03026_07#section197"
        }
      ],
      "last": {
        "text": "Five Year Financial Plan Bylaw, 2026 (No. 26-040) and 2026 tax rates adopted May 7, 2026",
        "label": "Five Year Financial Plan Bylaw, 2026 (No. 26-040) and 2026 tax rates adopted May 7, 2026",
        "url": "https://engage.victoria.ca/2026budget"
      },
      "next": {
        "text": "2027 financial plan, then tax rate bylaw before May 15, 2027",
        "label": "Community Charter, s. 197",
        "url": "https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/03026_07#section197"
      }
    }
  ],
  "main_decision_maker": "City of Victoria Council",
  "label_1y": {
    "key": "falling",
    "label": "Falling"
  },
  "label_long": null,
  "target_line": {
    "form": 4,
    "text": "No target found",
    "target": null,
    "gap": null,
    "comparison": null,
    "applies_here": false,
    "note": null
  }
}