Page 12 - Irene Farm Villages 2021

Estate News – Financials SEPTEMBER

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – September 2021
September 2021 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 250 128 1 207 154 8 596 024 8 450 078 145 946 1,7%
Other Income 31 501 24 411 405 743 294 827 110 916 37,6%
1 281 629 1 231 565 9 001 768 8 744 905 256 863 2,9%
Operational Expenditure

Professional /Administration 84 345 104 791 583 323 704 735 121 412 17,2%
Accounting and Auditing 36 105 41 237 352 203 356 091 3 888 1,1% “You don’t
Insurance, Legal and Admin 48 239 63 554 231 120 348 644 117 524 33,7%
build a
General Office 13 237 12 233 94 899 85 255 (9 644) -11,3%
Office Administration 13 237 12 233 94 899 85 255 (9 644) -11,3%
business; you
Operational Expenses 254 794 231 125 1 823 478 1 617 567 (205 911) -12,7%
Municipal Charges 69 131 45 537 511 260 308 451 (202 809) -65,8% build people
General Operations 17 463 23 593 127 805 165 151 37 346 22,6%
Salaries & Wages 168 201 161 995 1 184 413 1 143 965 (40 448) -3,5%
and then the
Security 538 764 560 528 3 714 762 3 694 900 (19 862) -0,5%
Security Operations 60 449 101 044 482 843 512 256 29 413 5,7% people build
Guarding Services 455 542 455 533 3 188 796 3 154 987 (33 809) -1,1%
Insurance Claims and Excess 22 773 3 951 43 124 27 657 (15 467) -55,9%
your business”
Repairs & Maintenance 186 205 197 501 1 334 573 1 327 044 (7 529) -0,6%
Repairs & Maintenance 35 978 47 274 304 443 296 914 (7 529) -2,5% – Zig Ziglar
Park Maintenance Contract 150 227 150 227 1 030 130 1 030 130 (0) 0,0%
1 077 345 1 106 178 7 551 035 7 429 501 (121 534) -1,6%

Operating Profit / (Loss) 204 284 125 387 1 450 732 1 315 404
Non-Recurring Revenue 5 028 0 48 073 0 48 073 100,0%
Non-Recurring Expenses 16 191 63 686 289 834 1 171 763 881 929 75,3%
Net Positive/ (Negative) (11 163) (63 686) (241 761) (1 171 763) (833 857)
Net Profit / (Loss) 193 121 61 701 1 208 971 143 641
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION Account Ability
Summary Levy Statements – September 2021
120+ 90 Days 60 Days 30 Days Current Total Previous Office Address:
Days Month Sovereign Drive,
Normal - Self Pay - - - 36 - 447 407 - 447 371 - 455 425 Route 21
Normal - Debit Order - - - - - 10 321 - 10 321 - 28 893 Corporate Park
- - - 36 - 457 729 - 457 693 - 484 318
Debt Collection - AA (30/60 days) 24 379 7 102 16 710 54 899 63 116 166 206 145 211
Debt Collection - JJR (90+ days) 259 526 12 557 13 679 13 779 11 254 310 796 299 041 Accounting
Debt Collection - KSB (90+ days) 34 129 7 896 7 921 7 990 7 466 65 401 67 411 Office Hours
Sold - Previous Owner Accounts - - - - - 34 760 - 34 760 - 29 929 8:00 to 13:00
In Transfer 19 392 4 742 4 808 4 850 - 8 857 24 935 5 851 Monday to Friday
Other 1 145 2 638 2 661 2 696 503 9 643 6 423
338 570 34 935 45 780 84 251 - 419 007 84 529 772% 9 690
Debt Collection - Acc > R200,000 1 097 638 18 937 19 061 11 538 8 482 1 155 657 0,7% 1 147 819 Office Tel: 082 780 0059
1 436 208 53 873 64 841 95 789 - 410 525 1 240 186 7,1% 1 157 509
We want to thank all members who continue to pay their monthly levies so diligently. The total outstanding increased by R 82 677. Accounts Email:
36% of the increase in the outstanding levies relate to the new stands registering, and the owners are still to make payment. accounts@aams.co.za
The number of accounts owing more than three months remained at 19; with 60 days remaining at 26; while 30 days increased
slightly from 38 to 43 accounts. Account Ability and the Estate Management are continuously driving collections to ensure
adequate cash flow to fulfil the HOA obligations. IFV Accounts:
Irene Farm Villages Home Owners Association – Capital/ Development Projects Winny Boshoff
Current Approved Spent Spent This Spent Total Spent Available
stage Budget Prior Years Year to Prior September to Date Budget
Month 2021
Upgrading of Gatehouses:
South Gate In Progress 4 600 000 99 902 1 693 197 1 023 609 2 816 708 1 783 292 Summary Income
North Gate Completed 2 200 000 292 769 1 806 178 2 098 947 101 053
Office Relocation In Progress 1 350 000 9 289 696 328 705 617 644 383 Statement by
Professional Fees In Progress 700 000 271 313 318 919 38 986 629 218 70 782 Account Ability
8 850 000 673 273 4 514 622 1 062 595 6 250 490 2 599 510
Contingency/Variation 400 000 - - 400 000
Total 9 250 000 673 273 4 514 622 1 062 595 6 250 490 2 999 510

10 • Issue 11 2021 • The Villager