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Estate News – Financials JULY
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – July 2020
July 2020 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income “You can
Normal Levies 1 166 332 1 166 333 5 773 485 5 773 487 (2) 0.0%
Other Income learn new
Interest Received 41 304 24 500 218 721 122 500 96 221 28.9%
-76.9% things at any
Contractors Permits 9 075 8 000 31 010 40 000 (8 990) -22.5%
Estate Agent Registration 0 0 25 000 108 300 (83 300)
Post Box Annual Fee 0 0 15 400 12 000 3 400 28.3%
1 216 712 1 198 833 6 063 616 6 056 287 7 329 -0.9% time in your
Operational Expenditure life if you’re
Professional /Administration 90 476 73 216 392 840 370 080 (22 760) -6.2%
Accounting Fees 41 237 41 237 206 185 206 185 (0) 0.0% willing to be
Audit Fees 0 0 1 607 4 000 2 394 59.8%
Bank Charges 2 540 4 300 14 357 21 500 7 143 33.2% a beginner. If
Insurance 17 679 17 679 88 395 88 395 (0) 0.0%
Legal & Professional Fees 29 020 10 000 82 297 50 000 (32 297) -64.6% you actually
General Office 5 071 13 806 20 548 58 530 37 982 64.9% learn to
Office Equipment 0 1 000 0 5 000 5 000 100.0%
General Expenses 0 4 710 1 772 13 050 11 279 86.4%
Office Refreshment 241 860 1 276 4 300 3 024 70.3% like being a
Printing & Stationery 481 1 700 2 984 8 500 5 516 64.9%
Telecommunication 4 350 5 536 14 517 27 680 13 163 47.6% beginner, the
Operational Expenses 186 191 225 568 913 537 1 132 464 218 927 19.3% whole world
Municipal Charges 26 333 50 244 141 307 239 844 98 537 41.1%
Recycling 9 908 9 909 49 541 49 545 5 0.0% opens up to
Donations 605 10 494 11 572 52 470 40 898 77.9%
Meetings 0 600 0 3 000 3 000 100.0% you.”
Salaries & Wages 149 346 154 321 711 117 787 605 76 488 9.7%
Security 474 252 489 408 2 355 316 2 428 172 58 268 2.4% – Barbara Shur
Access Control 0 12 312 0 61 560 61 560 100.0%
Equipment Maintenance SLA 43 032 42 857 215 161 214 285 (876) -0.4%
Security Maintenance 480 3 000 6 526 15 000 8 474 56.5%
CCTV Equipment Rental 8 949 5 782 18 268 38 336 20 068 52.3%
Guarding Services 421 790 421 257 2 108 949 2 077 991 (30 958) -1.5%
Insurance Claims and Excess 0 4 200 6 413 21 000 14 587 69.5%
Repairs & Maintenance 167 643 174 334 563 617 870 931 307 314 35.3%
Fuel 1 300 3 900 7 420 19 500 12 080 62.0%
General Maintenance 13 512 9 900 41 807 49 500 7 693 15.5%
Infrastructure Maintenance 1 560 6 460 13 425 33 300 19 875 59.7%
Park Facing Boundary Walls 7 202 10 000 57 116 50 000 (7 116) -14.2%
Park Maintenance 0 0 20 295 17 500 (2 795) -16.0%
Park Maintenance Contract 143 074 143 074 422 408 694 931 272 523 39.2%
Vehicles 996 1 000 1 146 6 200 5 054 81.5%
923 634 976 332 4 245 859 4 860 177 599 731 12.3%
Operating Profit / (Loss) 293 078 222 501 1 817 757 1 196 110 621 647
Non-Recurring Revenue
Estate Penalties 100 0 2 600 0 2 600 100.0%
Late Building Penalties 0 0 30 500 0 30 500 100.0%
Late Payment Penalties 1 800 0 8 725 0 8 725 100.0%
Plan Fee Recovery 0 0 10 070 0 10 070 100.0%
Plan Fee Cost (10 610) 0 (20 680) 0 (20 680) 100.0%
Expense Recovery 0 0 0 0 0 100.0%
Sale to Members 0 0 800 0 800 100.0%
Cell Tower Rental 0 0 0 0 0 100.0%
Non-Recurring Expenses
Infrastructure Development 0 0 0 0 0 100.0%
Operational Projects 40 538 5 200 40 538 26 000 (14 538) -55.9%
Social Development Projects 0 0 0 0 0 100.0%
Environmental Development 1 821 5 000 4 461 15 000 10 539 70.3%
Legal Fees - Sinkhole 0 0 19 941 0 (19 941) 100.0%
Covid-19 11 050 0 62 050 0 (62 050) 100.0% IMAGE BY STEVE BuISSINNE FROM PIxABAY
Cash Provision 0 45 000 0 225 000 225 000 100.0%
Net Positive/ (Negative) (62 119) (55 200) (94 974) (266 000) 171 026
Net Profit / (Loss) 230 959 167 301 1 722 783 930 110 792 673
6 • Issue 9 2020 • The Villager