Page 8 - IFV_Issue 11_2022

Estate News – Financials SEPTEMBER

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – September 2022
September 2022 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 323 662 1 301 878 9 214 649 9 113 146 101 503 1,1%
Other Income 35 593 24 753 386 258 297 221 89 037 30,0%
1 359 255 1 326 631 9 600 906 9 410 367 190 539 2,0% “If you want to
succeed you
Operational Expenditure
Professional /Administration 69 294 105 537 657 350 808 343 150 993 18,7% should strike
Accounting and Auditing 44 145 47 010 375 580 381 177 5 597 1,5%
Insurance, Legal and Admin 25 150 58 527 281 770 427 166 145 396 34,0%
out on new
General Office 15 927 19 042 192 306 138 294 (54 012) -39,1% paths, rather
Office Administration 15 927 19 042 192 306 138 294 (54 012) -39,1%
than travel the
Operational Expenses 252 557 272 544 1 723 125 1 913 040 189 915 9,9%
Municipal Charges 65 991 78 478 439 225 549 346 110 121 20,0% worn paths
General Operations 24 482 20 170 131 965 141 190 9 225 6,5%
Salaries & Wages 162 085 173 896 1 151 935 1 222 504 70 569 5,8% of accepted
success”
Security 575 162 540 651 3 895 016 3 914 557 19 541 0,5%
Security Operations 575 162 536 503 3 779 857 3 885 521 105 664 2,7%
Guarding Services 0 4 148 115 160 29 036 (86 124) -296,6% – John D
Insurance Claims and Excess 0 0 0 0 0 100,0%
Rockefeller
Repairs & Maintenance 193 404 214 560 1 376 107 1 677 991 301 884 18,0%
Repairs & Maintenance 28 154 51 278 279 448 535 017 255 569 47,8%
Park Maintenance Contract 165 250 163 282 1 096 659 1 142 974 46 315 4,1%

1 106 344 1 152 334 7 843 905 8 452 225 608 320 7,2%
Operating Profit / (Loss) 252 911 174 297 1 757 002 958 142

Non-Recurring Revenue 14 645 0 167 230 0 167 230 100,0%
Non-Recurring Expenses 92 628 167 124 1 652 513 1 095 868 (556 645) -50,8%
Net Positive/ (Negative) (77 983) (167 124) (1 485 282) (1 095 868) 723 875
Summary Income
Net Profit / (Loss) 174 928 7 173 271 719 (137 726) Statement by
Account Ability
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Levy Statements – September 2022
120+ 90 Days 60 Days 30 Days Current Total Previous
Days Month
Normal - Self Pay - - - - -538 411 -538 411 -538 584 Account Ability
Normal - Debit Order - - 1 214 1 623 -36 343 -33 506 -23 646
- - 1 214 1 623 -574 754 -571 917 -562 230 Office Address:
Debt Collection - AA (30/60 days) 108 239 31 582 32 348 79 756 87 514 339 439 233 761 Sovereign Drive,
Debt Collection - JJR (90+ days) 90 424 6 347 6 452 6 509 5 631 115 363 108 829 Route 21
Debt Collection - KSB (90+ days) 194 213 35 554 35 877 39 105 37 210 341 959 315 517 Corporate Park
Sold - Previous Owner Accounts - - - - -54 230 -54 230 -44 277
In Transfer - - - - -7 924 -7 924 -13 183
Other 10 925 - - - -30 135 -19 210 -18 946 Accounting
403 801 73 483 75 892 126 993 -536 688 143 480 637% 19 471 Office Hours
Debt Collection - Acc > R200,000 1 026 689 23 542 16 842 17 021 8 235 1 092 329 1,6% 1 075 308 8:00 to 13:00
1 430 490 97 025 92 734 144 014 -528 453 1 235 809 12,9% 1 094 779 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 11 2022 • The Villager