Page 12 - The Villager August 2021

Estate News – Financials JUNE

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – June 2021
June 2021 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 223 713 1 207 154 4 886 275 4 828 616 57 659 1,2%
Other Income 52 664 24 411 287 364 221 594 65 770 29,7% “To be a great
1 276 377 1 231 565 5 173 639 5 050 210 123 429 2,4% leader, one
Operational Expenditure
must never
Professional /Administration 65 039 88 752 263 675 356 614 92 939 26,1%
Accounting and Auditing 43 222 41 237 167 622 166 554 (1 068) -0,6% give up, try to
Insurance, Legal and Admin 21 818 47 515 96 053 190 060 94 007 49,5%
bring people
General Office 21 645 12 139 56 224 48 556 (7 668) -15,8%
Office Administration 21 645 12 139 56 224 48 556 (7 668) -15,8% together and
Operational Expenses 212 982 228 548 896 940 919 192 22 252 2,4% be selfless.
Municipal Charges 29 364 42 960 138 848 171 840 32 992 19,2%
General Operations 17 970 23 593 77 126 94 372 17 246 18,3% Leadership
is about
Salaries & Wages 165 648 161 995 680 966 652 980 (27 986) -4,3%
Security 510 871 527 186 2 129 016 2 080 000 (49 016) -2,4% working with
Security Operations 70 799 67 702 284 513 275 808 (8 705) -3,2%
Guarding Services 455 542 455 533 1 822 169 1 788 388 (33 781) -1,9% and for others
Insurance Claims and Excess (15 470) 3 951 22 335 15 804 (6 531) -41,3%
to achieve a
Repairs & Maintenance 191 059 212 501 760 078 753 545 (6 533) -0,9%
Repairs & Maintenance 47 985 62 274 187 783 174 096 (13 687) -7,9% common goal
Park Maintenance Contract 143 074 150 227 572 294 579 449 7 155 1,2%
that benefits
1 001 596 1 069 126 4 105 933 4 157 907 51 974 1,3%
everyone.”
Operating Profit / (Loss) 274 781 162 439 1 067 706 892 303
Non-Recurring Revenue 120 0 (3 355) 0 (3 355) 100,0% – Nelson Mandela
Non-Recurring Expenses 3 099 51 326 200 436 448 884 248 448 55,3%
Net Positive/ (Negative) (2 979) (51 326) (203 791) (448 884) (251 803)
Net Profit / (Loss) 271 803 111 113 863 915 443 419
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION Account Ability
Summary Levy Statements – June 2021
120+ 90 Days 60 Days 30 Days Current Total Previous Office Address:
Days Month Sovereign Drive,
Normal - Self Pay - -117 12 3 221 -495 779 -492 663 -445 752 Route 21
Normal - Debit Order - - - 2 409 -12 925 -10 517 -11 180 Corporate Park
- -117 12 5 630 -508 705 -503 180 -456 932
Debt Collection - AA (30/60 days) 13 192 11 606 18 177 32 331 30 528 105 834 133 895
Debt Collection - JJR (90+ days) 249 186 14 769 13 949 13 875 11 254 303 032 291 172 Accounting
Debt Collection - KSB (90+ days) 30 635 7 777 7 846 7 870 7 466 61 594 58 724 Office Hours
Sold - Previous Owner Accounts - - - - -15 942 -15 942 -18 284 8:00 to 13:00
In Transfer 10 105 4 586 4 626 4 716 -37 745 -13 712 4 628 Monday to Friday
Other 1 645 -2 489 1 568 2 580 -7 302 -3 998 25 826
304 764 36 131 46 176 67 003 -520 445 -66 372 -270% 39 028
Debt Collection - Acc > R200,000 1 032 965 22 568 11 041 11 164 8 582 1 086 320 0,7% 1 078 656 Office Tel: 082 780 0059
1 337 729 58 698 57 217 78 167 -511 863 1 019 948 -8,7% 1 117 684
We want to thank all members who continue to pay their monthly levies so diligently. The total outstanding reduced Accounts Email:
by R97 736,00. The three accounts which owe more than R200 000,00 combined remain a challenge to collect. The accounts@aams.co.za
number of accounts owing more than three months remained at 19; 60 days decreased from 28 to 27; while 30 days
reduced from 47 to 36 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 June Total Spent Available
stage Budget Years Year to Prior 2021 to Date Budget
Month
Upgrading of Gatehouses:
Main Gate In Progress 4 600 000 99 901 204 251 304 152 4 295 848 Summary Income
North Gate In Progress 2 200 000 292 769 1 638 127 168 051 2 098 947 101 053
Office Relocation In Progress 1 350 000 9 289 19 229 423 042 451 560 898 440 Statement by
Professional Fees In Progress 700 000 271 313 174 651 64 043 510 007 189 993 Account Ability
8 850 000 673 272 1 832 007 859 387 3 364 666 5 485 334
Contingency/Variation 400 000 400 000 - - 400 000
Total 9 250 000 673 272 1 832 007 859 387 3 364 666 5 885 334

10 • Issue 8 2021 • The Villager