Page 12 - Irene Farm Village 12 2021
P. 12
Estate News – Financials OCTOBER
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – October 2021
October 2021 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 252 906 1 207 154 9 848 930 9 657 232 191 698 2,0%
Other Income (941) 24 411 404 802 319 238 85 564 26,8%
1 251 965 1 231 565 10 253 732 9 976 470 277 262 2,8%
Operational Expenditure
Professional /Administration 44 770 88 666 619 623 784 931 165 308 21,1%
Accounting and Auditing 41 931 41 237 394 134 397 328 3 194 0,8%
Insurance, Legal and Admin 2 840 47 429 225 490 387 603 162 113 41,8%
“If you’re
General Office 14 349 13 696 117 718 107 421 (10 297) -9,6%
Office Administration 14 349 13 696 117 718 107 421 (10 297) -9,6% going
246 013 231 125 2 069 491 1 848 692 (220 799) -11,9%
Operational Expenses
Municipal Charges 59 860 45 537 571 119 353 988 (217 131) -61,3% through hell,
General Operations 20 408 23 593 148 213 188 744 40 531 21,5%
keep going.”
Salaries & Wages 165 745 161 995 1 350 158 1 305 960 (44 198) -3,4%
Security 497 738 528 258 4 212 500 4 223 158 10 658 0,3%
Security Operations 41 848 68 774 524 691 581 030 56 339 9,7% – Winston
Guarding Services 455 890 455 533 3 644 685 3 610 520 (34 165) -0,9% Churchill
Insurance Claims and Excess 0 3 951 43 124 31 608 (11 516) -36,4%
Repairs & Maintenance 229 791 187 501 1 566 214 1 514 545 (51 669) -3,4%
Repairs & Maintenance 229 791 187 501 1 566 214 1 514 545 (51 669) -3,4%
Park Maintenance Contract 0 0 0 0 0 100,0%
1 032 661 1 049 246 8 585 547 8 478 747 (106 800) -1,3%
Operating Profit / (Loss) 219 303 182 319 1 668 185 1 497 723
Non-Recurring Revenue 3 780 0 51 853 0 51 853 100,0%
Non-Recurring Expenses 103 744 68 686 393 577 1 240 449 846 872 68,3%
Net Positive/ (Negative) (99 964) (68 686) (341 725) (1 240 449) (795 019)
Net Profit / (Loss) 119 339 113 633 1 326 461 257 274
Account Ability
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Levy Statements – October 2021 Office Address:
120+ 90 Days 60 Days 30 Days Current Total Previous Sovereign Drive,
Days Month
Normal - Self Pay - - - 3 031 - 456 473 - 453 443 -447 371 Route 21
Normal - Debit Order - - - - - 27 439 - 27 439 -10 321 Corporate Park
- - - 3 031 - 483 912 - 480 881 -457 693
Debt Collection - AA (30/60 days) 32 069 13 390 30 625 61 123 62 910 200 118 166 206 Accounting
Debt Collection - JJR (90+ days) 269 475 12 010 12 957 13 830 11 204 319 476 310 796 Office Hours
Debt Collection - KSB (90+ days) 40 524 7 921 7 990 7 959 7 466 71 860 65 401
Sold - Previous Owner Accounts - - - - - 25 244 - 25 244 -34 760 8:00 to 13:00
In Transfer 24 133 4 808 4 850 5 086 - 22 586 16 292 24 935 Monday to Friday
Other 3 783 2 661 2 696 2 732 2 502 14 374 9 643
369 985 40 790 59 119 93 762 - 447 660 115 995 37% 84 529 Office Tel: 082 780 0059
Debt Collection - Acc > R200,000 663 627 15 887 8 363 8 389 5 308 701 575 -39,3% 1 155 657
1 033 612 56 677 67 482 102 151 - 442 353 817 570 -34,1% 1 240 186 Accounts Email:
We want to thank all members who continue to pay their monthly levies so diligently. The total outstanding decreased
substantially by 34% mostly due to the collection of one of the HOA’s big debtors. The HOA collected R460 000 as part of a accounts@aams.co.za
transfer of the property. The number of accounts owing more than three months increased to 22; with 60 days increasing to
29; and 30 days increasing to 50. 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 October to Date Budget
Month 2021
Upgrading of Gatehouses:
South Gate Completed 4 600 000 99 902 2 716 806 944 405 3 761 113 838 887 Summary Income
North Gate Completed 2 200 000 292 769 1 806 178 2 550 2 101 497 98 503
Office Relocation Completed 1 350 000 9 289 696 328 11 644 717 261 632 739 Statement by
Professional Fees In Progress 700 000 271 313 357 905 77 521 706 739 - 6 739 Account Ability
8 850 000 673 273 5 577 217 1 036 120 7 286 610 1 563 390
Contingency/Variation 400 000 - - 400 000
Total 9 250 000 673 273 5 577 217 1 036 120 7 286 610 1 963 390
10 • Issue 12 2021 • The Villager