Page 11 - The Villager July 2021

Financials MAY – Estate News

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – May 2021
May 2021 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 221 493 1 207 154 3 662 561 3 621 462 41 099 1,1%
Other Income 42 469 24 411 234 650 197 183 37 467 19,0%
1 263 961 1 231 565 3 897 212 3 818 645 78 567 2,1%
Operational Expenditure

Professional /Administration 61 883 87 542 195 004 264 232 69 228 26,2%
Accounting and Auditing 41 487 41 237 124 400 125 317 917 0,7%
Insurance, Legal and Admin 20 396 46 305 70 604 138 915 68 311 49,2% “Worrying

General Office 4 964 11 639 34 281 34 917 636 1,8% doesn’t empty
Office Administration 4 964 11 639 34 281 34 917 636 1,8%
tomorrow of
Operational Expenses 271 000 233 548 683 958 690 644 6 686 1,0%
Municipal Charges 47 702 42 960 109 483 128 880 19 397 15,1%
General Operations 17 608 23 593 59 156 70 779 11 623 16,4% its sorrows;
Salaries & Wages 205 690 166 995 515 319 490 985 (24 334) -5,0%
it empties
Security 482 092 527 186 1 470 555 1 552 814 82 259 5,3%
Security Operations 26 550 67 702 66 124 208 106 141 982 68,2% today of its
Guarding Services 455 542 455 533 1 366 627 1 332 855 (33 772) -2,5%
Insurance Claims and Excess 0 3 951 37 804 11 853 (25 951) -218,9% strengths.”
Repairs & Maintenance 168 664 181 558 571 665 544 674 (26 991) -5,0% – Corrie Ten Boom
Repairs & Maintenance 25 590 38 484 142 444 115 452 (26 992) -23,4%
Park Maintenance Contract 143 074 143 074 429 221 429 222 1 0,0%
988 602 1 041 473 2 955 463 3 087 281 131 818 4,3%

Operating Profit / (Loss) 275 359 190 092 941 749 731 364
Non-Recurring Revenue (6 375) 0 (3 475) 0 (3 475) 100,0%
Non-Recurring Expenses 180 448 330 186 197 338 532 558 335 221 62,9%
Net Positive/ (Negative) (186 823) (330 186) (200 813) (532 558) (338 696)
Net Profit / (Loss) 88 536 (140 094) 740 937 198 806
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION Account Ability
Summary Levy Statements – April 2021
120+ 90 Days 60 Days 30 Days Current Total Previous Office Address:
Days Month Sovereign Drive,
Normal - Self Pay - - - 2 784 - 448 537 - 445 752 -378 222 Route 21
Normal - Debit Order - - - - - 11 180 - 11 180 -15 388 Corporate Park
- - - 2 784 - 459 716 - 456 932 -393 610
Debt Collection - AA (30/60 days) 5 132 5 072 12 330 51 623 59 739 133 895 109 040
Debt Collection - JJR (90+ days) 239 495 11 875 14 550 13 949 11 304 291 172 284 050 Accounting
Debt Collection - KSB (90+ days) 27 872 7 763 7 777 7 846 7 466 58 724 50 878 Office Hours
Sold - Previous Owner Accounts - 1 645 - 2 489 2 - 17 442 - 18 284 -19 175 8:00 to 13:00
In Transfer 433 6 823 5 796 5 896 - 14 320 4 628 -1 811 Monday to Friday
Other - 9 569 3 433 7 361 5 463 25 826 20 845
272 931 42 747 41 396 89 460 - 407 507 39 028 -22,3% 50 218
Debt Collection - Acc > R200,000 1 025 370 11 095 22 568 11 041 8 582 1 078 656 0,4% 1 074 515 Office Tel: 082 780 0059
1 298 302 53 842 63 964 100 502 - 398 925 1 117 684 -0,6% 1 124 733
We want to thank all members who continue to pay their monthly levies so diligently. The total outstanding reduced Accounts Email:
by R 7 049,00. The three accounts that owe more than R200 000 combined remain a challenge to collect. The number accounts@aams.co.za
of accounts owing more than three months increased by two to 19; 60 days increased from 27 to 28; while 30 days
reduced to 47 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 - Prior Spent This Spent May Total Spent Available
stage Budget Years Year to Prior 2021 to Date Budget
Month
Upgrading of Gatehouses:
Main Gate In Progress 4 600 000 99 901 99 902 4 500 099 Summary Income
North Gate In Progress 2 200 000 292 769 1 194 303 443 824 1 930 896 269 104
Office Relocation In Progress 1 350 000 9 289 9 439 9 790 28 518 1 321 482 Statement by
Professional Fees In Progress 700 000 271 313 112 577 62 074 445 964 254 036 Account Ability
8 850 000 673 272 1 316 319 515 688 2 505 280 6 344 720
Contingency/Variation 400 000 400 000 - - 400 000
Total 9 250 000 673 272 1 316 319 515 688 2 505 280 6 744 720

The Villager • Issue 7 2021 • 9

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