Page 10 - Irene Farm Villages Issue 1 2022

Estate News – Financials NOVEMBER

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – November 2021
November 2021 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 258 317 1 252 905 11 107 247 11 101 832 5 415 0,0%
Other Income 44 290 20 000 449 022 451 984 (2 962) -0,7%
1 302 606 1 272 905 11 556 269 11 553 816 2 453 0,0%

Operational Expenditure
Professional /Administration 90 020 132 143 709 643 774 772 65 129 8,4% “Plan your
Accounting and Auditing 41 931 41 615 436 064 435 428 (636) -0,1%
next move,
Insurance, Legal and Admin 48 089 90 528 273 579 339 344 65 765 19,4%
General Office 19 324 29 196 137 043 145 788 8 745 6,0%
Office Administration 19 324 29 196 137 043 145 788 8 745 6,0% because
Operational Expenses 249 465 265 586 2 328 501 2 356 604 28 103 1,2% every step
Municipal Charges 58 012 64 998 629 131 641 237 12 106 1,9%
General Operations 26 870 33 593 184 628 196 985 12 357 6,3%
Salaries & Wages 164 584 166 995 1 514 742 1 518 382 3 640 0,2% contributes
Security 524 035 528 258 4 759 508 4 777 660 18 152 0,4% towards your
Security Operations 64 946 68 774 612 609 626 775 14 166 2,3%
Guarding Services 455 890 455 533 4 100 575 4 099 860 (715) 0,0%
Insurance Claims and Excess 3 200 3 951 46 324 51 025 4 701 9,2% goal.”
Repairs & Maintenance 192 817 212 501 1 759 031 1 734 562 (24 469) -1,4% – Alan Lakein
Repairs & Maintenance 42 590 62 274 428 447 403 981 (24 466) -6,1%
Park Maintenance Contract 150 227 150 227 1 330 585 1 330 581 (4) 0,0%

1 075 662 1 167 684 9 693 727 9 789 386 95 659 1,0%
Operating Profit / (Loss) 226 944 105 221 1 862 542 1 764 430
Non-Recurring Revenue (66 749) 0 5 353 0 5 353 100,0%
Non-Recurring Expenses 115 571 226 776 509 148 950 906 441 758 46,5%
Net Positive/ (Negative) (182 320) (226 776) (503 795) (950 906) (436 405)
Net Profit / (Loss) 44 624 (121 555) 1 358 747 813 524
Account Ability
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Levy Statements – November 2021 Office Address:
120+ 90 Days 60 Days 30 Days Current Total Previous Sovereign Drive,
Days Month Route 21
Normal - Self Pay - - - 2 278 - 447 547 - 445 269 -453 443 Corporate Park
Normal - Debit Order - - - - - 16 104 - 16 104 -27 439
- - - 2 278 - 463 651 - 461 372 -480 881
Debt Collection - AA (30/60 days) 29 290 10 979 26 488 51 758 61 756 180 271 200 118 Accounting
Debt Collection - JJR (90+ days) 281 185 12 957 13 830 8 298 14 511 330 782 319 476 Office Hours
Debt Collection - KSB (90+ days) 43 445 7 990 7 959 7 985 7 466 74 846 71 860 8:00 to 13:00
Sold - Previous Owner Accounts - - - - - 25 708 - 25 708 -25 244 Monday to Friday
In Transfer 28 942 4 850 4 893 6 276 - 28 066 16 895 16 292
Other 4 444 2 696 2 732 2 756 2 652 15 280 14 374
387 307 39 472 55 902 79 352 - 431 040 130 993 13% 115 995 Office Tel: 082 780 0059
Debt Collection - Acc > R200,000 672 414 15 863 16 139 15 916 5 308 725 641 3,4% 701 575
1 059 721 55 336 72 042 95 268 - 425 732 856 634 4,8% 817 570 Accounts Email:
We want to thank all members who continue to pay their monthly levies so diligently. The total outstanding increased slight accounts@aams.co.za
by 4.8%. The number of accounts owing more than three months decreased to 21; 60 days remained at 29; and 30 days
decreased to 48. 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 November to Date Budget
Month 2021
Upgrading of Gatehouses:
South Gate Completed 4 600 000 99 902 3 661 211 602 955 4 364 068 235 932 Summary Income
North Gate Completed 2 200 000 292 769 1 808 728 2 101 497 98 503
Office Relocation Completed 1 350 000 9 289 707 972 22 765 740 026 609 974 Statement by
Professional Fees In Progress 700 000 271 313 435 426 43 092 749 831 - 49 831 Account Ability
8 850 000 673 273 6 613 337 668 812 7 955 422 894 578
Contingency/Variation 400 000 - - - 400 000
Total 9 250 000 673 273 6 613 337 668 812 7 955 422 1 294 578

8 • Issue 1 2022 • The Villager