Page 8 - • IFV 10 2020.indd

Estate News – Financials August

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – August 2020
August 2020 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 166 332 1 166 333 6 939 817 6 939 820 (3) 0.0%
Other Income 41 288 32 500 331 419 315 300 16 119 5.1%
“I say always
1 207 621 1 198 833 7 271 236 7 255 120 16 116 0.2%
ǁǁǁ͘ďŝůƚŽŶŐƐŚŽƉƉĞ͘ĐŽ͘njĂ ŝŶĨŽΛďŝůƚŽŶŐƐŚŽƉƉĞ͘ĐŽ͘njĂ ϬϲϬ ϳϬϵ ϳϭϵϭ Operational Expenditure follow your

Professional /Administration 61 876 138 216 516 821 508 296 (8 525) -1.7% passion, no
Accounting and Auditing 41 237 106 237 311 129 316 422 5 293 1.7%
-7.2%
tĞ ĂƌĞ Ă ĨĂŵŝůLJ ƌƵŶ ŽŶůŝŶĞ ďŝůƚŽŶŐ ƐƚŽƌĞ͘ tĞ ƉƌŝĚĞ Insurance, Legal and Admin 20 638 31 979 205 693 191 874 (13 819) 64.6% matter what,

General Office
3 822
68 836
44 467
24 369
10 306
Office Administration 3 822 10 306 24 369 68 836 44 467 64.6% because even
ŽƵƌƐĞůǀĞƐ ŝŶ ƋƵĂůŝƚLJ ƉƌŽĚƵĐƚƐ ĂŶĚ ŐƌĞĂƚ ƐĞƌǀŝĐĞ͘ Operational Expenses 237 823 234 568 1 179 227 1 367 032 187 805 13.7% if it’s not the
70 077
24.2%
78 704
50 244
220 011
290 088
Municipal Charges
General Operations 9 908 25 003 71 021 130 018 58 997 45.4% same financial
sŝƐŝƚ ŽƵƌ ǁĞďƐŝƚĞ ĨŽƌ ƚƌƵĞ ƚĞƐƚŝŵŽŶŝĂůƐ Salaries & Wages 149 211 159 321 888 195 946 926 58 731 6.2% success, it’ll
86 737
3.0%
Security 474 747 488 628 2 830 063 2 916 800 99 440 25.3% lead you to the
Security Operations
52 957
63 171
292 912
392 352
-1.3%
&ŽůůŽǁ ƵƐ ŝŶ &ĂĐĞŬ ĂŶĚ /ŶƐƚĂŐƌĂŵ Guarding Services 421 790 0 421 257 2 530 739 2 499 248 (31 491) 74.6% money that’ll
6 413
4 200
25 200
18 787
Insurance Claims and Excess
Repairs & Maintenance 161 231 193 084 163 292 1 064 015 335 242 27.8% make you the
728 773
31.5%
18 157
50 010
62 718
Repairs & Maintenance
226 010
565 481
Park Maintenance Contract 143 074 1 064 802 5 279 254 5 924 979 272 524 32.5% happiest.”
838 005
143 074
10.9%
939 498
645 725

Operating Profit / (Loss) 268 123 134 031 1 991 982 1 330 141 – Ellen DeGeneres
Non-Recurring Revenue 6 030 0 45 795 0 45 795 100.0%
321 200
440 615
313 625
55 200
Non-Recurring Expenses (307 595) (55 200) (394 820) (321 200) (119 415) -37.2%
Net Positive/ (Negative)
165 210
Net Profit / (Loss) (39 473) 78 831 1 597 162 1 008 941 Account Ability
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION Office Address:
Summary Levy Statements – August 2020 Sovereign Drive,
ŝůƚŽŶŐ WƌŽĚƵĐƚƐ 120+ Days 90 Days 60 Days 30 Days Current Total Previous Route 21
Month
Corporate Park
Normal - Self Pay - - - - - - - -374 917 -374 917 -307 175
-
-15 187
-15 187
Normal - Debit Order
-11 467
Accounting
- - - - -390 105 -390 105 -318 642
• Śŝůŝ ŝƚĞƐ • ŝůƚŽŶŐ ůĂƌĞ • ŝůƚŽŶŐ Debt Collection - AA (30/60 days) 9 888 3 694 11 900 53 432 83 806 162 720 279% 107 703 Office Hours
Debt Collection - JJR (90+ days) 243 843 14 518 14 003 14 158 11 725 298 246 511% 286 088 8:00 to 13:00
Monday to Friday
8 642
52 481
88%
51 256
8 073
9 025
8 897
Debt Collection - KSB (90+ days)
16 619
• ŝůƚŽŶŐ ƐƚŝĐŬƐ • 'ĂŵĞ ƌŽģǁŽƌƐ • ŚƵƚŶĞLJ tŚĞĞůƐ Sold - Previous Owner Accounts - - - - - - 1 715 - -58 772 -58 772 -58 834 Office Tel: 082 780 0059
-8 037
-9 753
In Transfer
-9 987
3 083
2 631
2 465
-840
1 458
• ƌŽģǁŽƌƐ • Śŝůŝ 'ĂŵĞ ƌŽģǁŽƌƐ • 'ĂŵĞ ŝůƚŽŶŐ Other 269 509 26 285 - 34 800 - 79 788 -351 992 58 391 -5.0% 61 439 Accounts Email:
Debt Collection - Accounts > R200,000 1 092 067 30 138 62 286 21 662 13 598 1 219 751 -0.6% 1 226 939 accounts@aams.co.za

'ŝĨƚ ŽdžĞƐ ^ŶĂĐŬ WĂĐŬƐ ĂŬĞƐ WůĂƚƚĞƌƐ We want to thank all members who continue to pay their monthly levies so diligently. Amidst the COVID-19 lockdown, IFV Accounts:
-0.8% 1 288 378
97 087 101 450 -338 393 1 278 142
56 423

1 361 576

members are paying, and many members that did fall behind have settled all outstanding levies. We again maintained our
Winny Boshoff
debtors book from July to August 2020 with a 0.8% decrease. Last month there was some movement in the number of
constant at 20; 60 days increased from 23 to 25; 30 days from 54 to 55.
accounts outstanding, but it’s not concerning at this stage. The number of accounts owing more than 3 months remained
Account Ability and the Estate Management are continuously driving collections to ensure adequate cash flow to fulfil the
HOA obligations. We reached settlement with one of our > R200 000 accounts, and received first payment in July.
Irene Farm Villages Home Owners Association – Capital/ Development Projects Summary Income
Statement by
To Date
Budget
Current Stage Current Status Approved Actual Spend Available
Budget
Infrastructure Development Planning 8 797 910 724 799 8 073 111 Account Ability
Security Upgrade Project Define 1 700 000 1 583 234 116 766
Total 10 497 910 3 032 832 8 189 877
The Villager • Issue 10 2020 • 7