Page 12 - The Villager January 2021

Estate News – Financials NOVEMBER

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – November 2020
November 2020 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income
Normal Levies 1 166 332 1 166 333 10 438 815 10 438 812 3 0.0%
Other Income
Interest Received 33 630 24 500 278 127 347 973 (69 846) -20.1%
Contractors Permits 10 005 8 000 56 765 58 210 (1 445) -2.5%
Estate Agent Registration 0 0 25 000 25 000 0 0.0%
Post Box Annual Fee 0 0 15 650 15 650 0 0.0% “Sometimes
1 209 967 1 198 833 10 814 356 10 885 645 (71 289) -0.7%
the best thing
Operational Expenditure
Professional /Administration 65 042 93 177 724 108 763 723 39 615 5.2% we can ask
Accounting Fees 41 237 41 237 371 134 371 133 (1) 0.0%
Audit Fees 0 2 000 63 707 65 706 2 000 3.0%
Bank Charges 2 776 4 300 26 712 29 882 3 170 10.6% for is change,
Insurance 18 898 35 640 176 741 193 322 16 581 8.6%
Legal & Professional Fees 2 131 10 000 85 814 103 680 17 866 17.2% and a fresh
General Office 3 955 18 806 52 269 63 669 11 400 17.9%
Office Equipment 0 2 000 0 4 000 4 000 100.0% start forces us
General Expenses 793 8 710 13 675 15 202 1 527 10.0%
Office Refreshment 0 860 3 716 4 696 980 20.9% to confront
Printing & Stationary 1 845 1 700 9 754 8 904 (850) -9.5%
Telecommunication 1 318 5 536 25 124 30 867 5 743 18.6%
Operational Expenses 201 826 256 558 1 814 767 1 897 797 83 030 4.4% change
Municipal Charges 30 843 52 444 316 045 358 196 42 151 11.8%
Recycling 0 9 909 80 415 89 175 8 760 9.8% head-on.”
Donations 0 12 034 42 572 59 099 16 527 28.0%
Meetings 1 001 10 600 4 401 11 200 6 799 60.7% – Natalya Neidhart
Salaries & Wages 169 982 171 571 1 371 333 1 380 127 8 794 0.6%
Security 466 852 498 481 4 278 538 4 327 322 32 385 0.7%
Access Control 0 12 865 0 25 730 25 730 100.0%
Equipment Maintenance SLA 43 032 44 059 417 606 419 651 2 045 0.5%
Security Maintenance 0 7 000 16 656 19 270 2 614 13.6%
CCTV Equipment Rental 2 030 5 100 41 755 44 823 3 068 6.8%
Guarding Services 421 790 421 257 3 796 109 3 795 037 (1 072) 0.0%
Insurance Claims and Excess 0 8 200 6 413 22 811 16 398 71.9%
Repairs & Maintenance 181 161 188 574 1 228 315 1 255 025 26 710 2.1%
Fuel 0 5 300 17 275 24 686 7 411 30.0%
General Maintenance 6 894 14 400 61 405 76 797 15 392 20.0%
Infrastructure Maintenance 5 763 6 800 30 868 36 023 5 155 14.3%
Park Facing Boundary Walls 9 794 10 000 85 018 88 479 3 461 3.9%
Park Maintenance 15 637 7 000 37 831 29 194 (8 637) -29.6%
Park Maintenance Contract 143 074 143 074 994702 994 700 (2) 0.0%
Vehicles 0 2 000 1 216 5 146 3 930 76.4%
918 836 1 055 596 8 097 997 8 307 536 193 141 2.3%
Operating Profit / (Loss) 291 131 143 237 2 716 360 2 578 109 121 852
Non-Recurring Revenue
Estate Penalties 500 0 3 600 3 100 500 16.1%
Late Building Penalties 7 500 0 68 750 53 500 15 250 28.5%
Late Payment Penalties 1 425 0 13 175 12 300 875 7.1%
Plan Fee Recovery 7 210 0 36 730 0 36 730 100.0%
- Plan Fee Cost (25 200) 0 (61 210) 0 (61 210) 100.0%
Expense Recovery 0 0 0 0 0 100.0%
Sale to Members 0 0 800 800 0 0.0%
Cell Tower Rental 0 0 0 0 0 100.0%
Non-Recurring Expenses
Infrastructure Development 0 0 0 0 0 100.0%
Operational Projects 10 888 62 710 368 392 486 812 118 420 24.3%
Social Development Projects 0 0 0 0 0 100.0%
Environmental Development 0 10 000 4 461 19 461 15 000 77.1%
Legal Fees - Sinkhole 110 0 29 731 29 620 (111) -0.4%
Covid-19 2 858 5 000 83 050 89 234 6 184 6.9%
Cash Provision 0 45 000 0 405 000 405 000 100.0%
Net Positive/ (Negative) (22 421) (122 710) (423 788) (960 427) 536 639
Net Profit / (Loss) 268 710 20 527 2 292 571 1 617 682 658 491 IMAGE BY kANGBCH FROM PIxABAY
None 0 0 0 0
CSOS Levies 16 315 0 145 794

10 • Issue 1 2021 • The Villager