Capital Variance Report for the Four Months Ended April 30, 2025

Table 1: Capital Variance Summary Table 1 Corporate Capital Variance Summary for the Period Ended April 30, 2025 2025 Budget* 2025 4 Month Year-to-Date Expenditures 2025 Projected Year-End Expenditures $M $M % $M % City Operations 2,699.1 452.4 16.8% 2,295.0 85.0% Agencies 2,104.3 461.0 21.9% 1,950.5 92.7% Tax Supported: 4,803.4 913.4 19.0% 4,245.5 88.4% Rate Supported: 1,354.9 142.3 10.5% 1,097.9 81.0% TOTAL 6,158.3 1,055.7 17.1% 5,343.4 86.8% *Note: Includes 2024 carry forward funding The City's actual capital spending for the first four months of 2025 totals $1.056 billion, or 17.1 percent of the 2025 Approved Capital Budget. This marks a notable improvement in spending rate compared to the historical average for the same four-month period, which has typically remained below 15 percent and applied against generally smaller capital budgets in the past years. Capital spending will continue to be reviewed with updates provided in future variance reports that will benefit from actual experience over capital intensive months. As more actual delivery materializes over the course of the year, the Programs and Agencies will provide updated spending projections.