Page 10 - The Villager March 2021

Estate News – Financials JANUARY

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – January 2021
January 2021 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 166 332 1 166 333 12 771 480 12 771 478 2 0.0%
Other Income 37 819 32 500 457 693 511 833 (54 140) -10.6%
1 204 152 1 198 833 13 229 173 13 283 311 (54 138) -0.4%
Operational Expenditure

Professional /Administration 77 648 76 277 890 305 914 277 23 972 2.6%
Accounting and Auditing 41 237 43 237 519 074 521 313 2 239 0.4% “Unless you
Insurance, Legal and Admin 36 411 33 040 371 231 392 964 21 733 5.5%
control your
General Office 11 340 11 306 89 422 96 281 6 859 7.1%
Office Administration 11 340 11 306 89 422 96 281 6 859 7.1% money,

Operational Expenses 181 142 234 308 2 541 506 2 514 951 (26 555) -1.1% making more
Municipal Charges 34 556 52 444 492 072 463 084 (28 988) -6.3%
General Operations (6 492) 22 543 202 155 204 560 2 405 1.2% won’t help.
Salaries & Wages 153 078 159 321 1 847 279 1 847 307 28 0.0%
You’ll just
Security 395 749 496 881 5 117 825 5 319 684 201 859 3.8%
Security Operations 28 010 67 424 553 120 642 922 89 802 14.0% have bigger
Guarding Services 421 790 421 257 4 639 689 4 637 551 (2 138) 0.0%
Insurance Claims and Excess (54 050) 8 200 (74 984) 39 211 114 195 291.2%
payments”
Repairs & Maintenance 173 662 199 454 1 580 867 1 654 171 73 304 4.4%
Repairs & Maintenance 30 589 56 380 300 017 373 323 73 306 19.6% – Dave Ramsey
Park Maintenance Contract 143 074 143 074 1 280 851 1 280 848 (3) 0.0%
839 542 1 018 226 10 219 924 10 499 364 279 440 2.7%

Operating Profit / (Loss) 364 610 180 607 3 009 248 2 783 947
Non-Recurring Revenue 25 940 0 106 220 69 700 36 520 52.4%
Non-Recurring Expenses 1 358 110 200 489 595 1 290 527 800 932 62.1%
Net Positive/ (Negative) 24 582 (110 200) (383 375) (1 220 827) (764 412)
Net Profit / (Loss) 389 192 70 407 2 625 874 1 563 120 Account Ability

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION Office Address:
Summary Levy Statements – January 2021 Sovereign Drive,
Previous Route 21
120+ Days 90 Days 60 Days 30 Days Current Total
Month Corporate Park
Normal - Self Pay - - - - -392 761 - 392 761 - 410 573
Normal - Debit Order - - - - - 5 913 - 5 913 - 11 697 Accounting
- - - - -398 673 - 398 673 - 422 270 Office Hours
Debt Collection - AA (30/60 days) 4 610 2 754 5 584 37 974 60 431 111 353 101 870
Debt Collection - JJR (90+ days) 194 647 9 311 17 092 11 102 8 859 241 011 234 434 8:00 to 13:00
Debt Collection - KSB (90+ days) 29 137 8 006 9 248 9 335 8 910 64 637 56 561 Monday to Friday
Sold - Previous Owner Accounts - - - - - 76 456 - 76 456 - 73 259
In Transfer 7 322 2 446 2 493 2 515 - 16 138 - 1 363 13 921 Office Tel: 082 780 0059
Other 830 - 2 244 5 167 - 5 683 2 558 4 701
236 546 22 518 36 661 66 091 - 418 750 - 56 933 - 84 042 Accounts Email:
Debt Collection - Accounts > R200,000 969 099 20 139 20 723 34 325 10 329 1 054 616 2.9% 1 025 291 accounts@aams.co.za
1 205 645 42 657 57 385 100 416 - 408 421 997 683 6.0% 941 249
We want to thank all members who continue to pay their monthly levies so diligently. It is clear that over the December/ IFV Accounts:
January festive period some members either forgot to pay their levies, or applied their available budget elsewhere, with Winny Boshoff
outstanding levies growing with R27 109 month on month, the bulk coming from the current category. The number of
accounts owing more than three months decreased from 21 to 16, 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
Budget
To Date
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 3 2021 • The Villager