Page 10 - The Villager February 2021

Estate News – Financials NOVEMBER

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – December 2020
December 2020 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 166 332 1 166 333 11 605 147 11 605 145 2 0.0%
Other Income 52 132 32 500 427 674 479 333 (51 659) -10.8%
1 218 464 1 198 833 12 032 821 12 084 478 (51 657) -0.4%
Operational Expenditure
Professional /Administration 88 506 74 277 812 657 838 000 25 343 3.0% “I am too
Accounting and Auditing 42 997 41 237 477 837 478 076 239 0.1%
Insurance, Legal and Admin 45 509 33 040 334 821 359 924 25 103 7.0% positive to
General Office 24 285 21 306 78 081 84 975 6 894 8.1%
be doubtful,
Office Administration 24 285 21 306 78 081 84 975 6 894 8.1%
Operational Expenses 475 690 382 846 2 360 364 2 280 643 (79 721) -3.5% too optimistic
Municipal Charges 86 472 52 444 457 516 410 640 (46 876) -11.4%
General Operations 66 350 22 543 208 647 182 017 (26 630) -14.6% to be fearful
Salaries & Wages 322 868 307 859 1 694 201 1 687 986 (6 215) -0.4%
and too
Security 441 630 495 481 4 722 075 4 822 803 100 728 2.1%
Security Operations 19 840 66 024 497 764 575 498 77 734 13.5% determined to
Guarding Services 421 790 421 257 4 217 899 4 216 294 (1 605) 0.0%
Insurance Claims and Excess 0 8 200 6 413 31 011 24 598 79.3%
be defeated.”
Repairs & Maintenance 175 023 199 692 1 548 503 1 454 717 (93 786) -6.4%
Repairs & Maintenance 31 950 56 618 267 653 316 943 49 290 15.6% – Hussein Nishah
Park Maintenance Contract 143 074 143 074 1 280 850 1 137 774 (143 076) -12.6%

1 205 134 1 173 602 9 521 680 9 481 138 (40 542) -0.4%
Operating Profit / (Loss) 13 330 25 231 2 511 141 2 603 340
Non-Recurring Revenue 18 635 0 80 480 69 700 10 780 15.5%
Non-Recurring Expenses 2 603 150 200 488 237 1 180 327 692 090 58.6%
Net Positive/ (Negative) 16 032 (150 200) (407 757) (1 110 627) (681 310)
Net Profit / (Loss) 29 362 (124 969) 2 103 385 1 492 713 Account Ability
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION Office Address:
Summary Levy Statements – December 2020 Sovereign Drive,
120+ Days 90 Days 60 Days 30 Days Current Total Previous Route 21
Month
Normal - Self Pay - - - 1 433 -412 006 - 410 573 -425 915 Corporate Park
Normal - Debit Order - - - - - 11 697 - 11 697 -12 424
- - - 1 433 -423 703 - 422 270 -438 339 Accounting
Debt Collection - AA (30/60 days) 16 905 - 2 983 22 027 31 160 34 760 101 870 88 333 Office Hours
Debt Collection - JJR (90+ days) 185 441 12 347 10 670 17 092 8 884 234 434 230 769 8:00 to 13:00
Debt Collection - KSB (90+ days) 24 490 10 241 7 349 7 413 7 070 56 561 49 123 Monday to Friday
Sold - Previous Owner Accounts - 120 - - - - 73 139 - 73 259 -79 186
In Transfer 9 065 2 437 2 483 2 530 - 2 594 13 921 5 685 Office Tel: 082 780 0059
Other 830 - - 2 244 2 456 4 701 6 198
236 611 22 041 42 529 61 872 -446 265 - 84 042 -38.8% -137 418 Accounts Email:
942 247 31 852 20 139 20 723 10 329 1 025 291 1.3% 1 011 767 accounts@aams.co.za
Debt Collection - Accounts > R200,000 1 178 858 53 894 62 668 82 595 -435 936 941 249 7.7% 874 349
1 145 664 43 328 71 320 80 569 -466 532 874 349 2.9% 850 023 IFV Accounts:
We want to thank all members who continue to pay their monthly levies so diligently. It is clear that over the December Winny Boshoff
festive period some members either forgot to pay their levies, or applied their available budget elsewhere, with
outstanding levies growing by R66 899 month on month, the bulk coming from the current category. Month on month,
the number of accounts mostly remained similar. The number of accounts owing more than three months increased from
16 to 21, but 60 days remained at 20, and 30 days at 40. Account Ability and the Estate Management are continuously
driving collections to ensure adequate cash flow to fulfil the HOA obligations.
Irene Farm Villages Home Owners Association – Capital/ Development Projects Summary Income
Current Stage Current Status Approved Actual Spend Available Statement by
Budget
To Date
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

8 • Issue 2 2021 • The Villager