Page 8 - IFV_Issue 10_2022

Estate News – Financials AUGUST

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – August 2022
August 2022 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 309 522 1 301 878 7 890 987 7 811 268 79 719 1,0%
Other Income 65 690 24 753 350 664 272 468 78 196 28,7%
1 375 212 1 326 631 8 241 651 8 083 736 157 915 2,0%

Operational Expenditure
Professional /Administration 157 334 189 004 590 891 702 806 111 915 15,9% “Success is not
Accounting and Auditing 111 480 113 000 334 271 334 167 (104) 0,0%
Insurance, Legal and Admin 45 854 76 004 256 621 368 639 112 018 30,4% the absence of
General Office 56 589 19 042 176 379 119 252 (57 127) -47,9% failure: it’s the
Office Administration 56 589 19 042 176 379 119 252 (57 127) -47,9%
persistence
Operational Expenses 266 704 277 776 1 470 567 1 640 496 169 929 10,4%
Municipal Charges 77 541 78 478 373 234 470 868 97 634 20,7% through
General Operations 17 725 20 170 107 483 121 020 13 537 11,2%
Salaries & Wages 171 438 179 128 989 850 1 048 608 58 758 5,6% failure”

Security 603 501 540 651 3 256 853 3 373 906 117 053 3,5% – Aisha Tyler
Security Operations 497 720 536 503 3 141 693 3 349 018 207 325 6,2%
Guarding Services 105 781 4 148 115 160 24 888 (90 272) -362,7%
Insurance Claims and Excess 0 0 0 0 0 100,0%

Repairs & Maintenance 229 250 264 560 1 165 126 1 463 431 298 305 20,4%
Repairs & Maintenance 66 554 101 278 251 294 483 739 232 445 48,1%
Park Maintenance Contract 162 696 163 282 913 833 979 692 65 859 6,7%
1 313 378 1 291 033 6 659 817 7 299 891 640 074 8,8%

Operating Profit / (Loss) 61 835 35 598 1 581 834 783 845

Non-Recurring Revenue 28 955 0 158 265 0 158 265 100,0%
Non-Recurring Expenses 918 659 75 624 1 559 885 928 744 (631 141) -68,0%

Net Positive/ (Negative) (889 704) (75 624) (1 401 620) (928 744) 789 406 Summary Income
Statement by
Net Profit / (Loss) (827 869) (40 026) 180 214 (144 899)
Account Ability
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Levy Statements – August 2022
120+ 90 Days 60 Days 30 Days Current Total Previous
Days Month
Normal - Self Pay - - - 19 181 -557 765 -538 584 -424 505 Account Ability
Normal - Debit Order - - - 1 024 -24 669 -23 646 -36 273
- - - 20 205 -582 434 -562 230 -460 778 Office Address:
Debt Collection - AA (30/60 days) 82 523 31 673 37 350 39 318 42 897 233 761 223 785 Sovereign Drive,
Debt Collection - JJR (90+ days) 84 132 6 292 6 347 6 452 5 606 108 829 102 377 Route 21
Debt Collection - KSB (90+ days) 168 731 34 282 36 084 39 279 37 140 315 517 272 848 Corporate Park
Sold - Previous Owner Accounts - - - - -44 277 -44 277 -51 313
In Transfer - - - - -13 183 -13 183 -5 173
Other 10 830 95 96 96 -30 063 -18 946 -19 260 Accounting
346 215 72 342 79 877 105 351 -584 314 19 471 -69% 62 486 Office Hours
Debt Collection - Acc > R200,000 1 004 827 21 862 23 542 16 842 8 235 1 075 308 1,3% 1 061 966 8:00 to 13:00
1 351 042 94 204 103 419 122 193 -576 079 1 094 779 -2,6% 1 124 452 Monday to Friday
Irene Farm Villages Home Owners Association – Capital/ Development Projects
Current Approved Spent Spent This Spent July Total Spent Available Office Tel: 082 780 0059
stage Budget Prior Years Year to Prior 2021 to Date Budget
Month
Upgrading of Gatehouses: Accounts Email:
Main Gate Completed 4 600 000 4 391 395 117 445 - 4 508 840 91 160 accounts@aams.co.za
North Gate Completed 2 200 000 2 101 497 - - 2 101 497 98 503
Office Relocation Completed 1 350 000 740 026 236 918 - 976 944 373 056 IFV Accounts:
Professional Fees In Progress 700 000 771 309 4 000 - 775 309 -75 309
8 850 000 8 004 227 358 363 - 8 362 590 487 410 Winny Boshoff
Contingency/Variation 400 000 - - - - 400 000
Total 9 250 000 8 004 227 358 363 - 8 362 590 887 410

6 • Issue 10 2022 • The Villager