Page 10 - IFV Issue 12 2022

Estate News – Financials OCTOBER

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – October 2022
October 2022 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 314 447 1 301 878 10 529 096 10 415 024 114 072 1,1%
Other Income 40 580 24 753 426 838 321 974 104 864 32,6%
“Only one
1 355 027 1 326 631 10 955 934 10 736 998 218 936 2,0%
Operational Expenditure thing has to
Professional /Administration 72 460 135 535 777 658 943 878 166 220 17,6%
Accounting and Auditing 44 145 43 883 419 725 425 060 5 335 1,3% change for
Insurance, Legal and Admin 28 316 91 652 357 933 518 818 160 885 31,0%
us to know
General Office 5 377 19 042 203 068 157 336 (45 732) -29,1%
Office Administration 5 377 19 042 203 068 157 336 (45 732) -29,1% happiness
in our lives:
Operational Expenses 259 460 280 772 1 982 585 2 193 812 211 227 9,6%
Municipal Charges 60 823 78 478 500 048 627 824 127 776 20,4%
General Operations 16 764 28 398 148 729 169 588 20 859 12,3% where we
Salaries & Wages 181 873 173 896 1 333 808 1 396 400 62 592 4,5%
focus our
Security 538 326 540 651 4 415 839 4 455 208 39 369 0,9%
Security Operations 538 326 536 503 4 300 679 4 422 024 121 345 2,7% attention”
Guarding Services 0 4 148 115 160 33 184 (81 976) -247,0%
Insurance Claims and Excess 0 0 0 0 0 100,0% – Greg Anderson

Repairs & Maintenance 212 599 214 560 1 591 090 1 892 551 301 461 15,9%
Repairs & Maintenance 47 349 51 278 329 181 586 295 257 114 43,9%
Park Maintenance Contract 165 250 163 282 1 261 909 1 306 256 44 347 3,4%
1 088 222 1 190 560 8 970 239 9 642 785 672 546 7,0%

Operating Profit / (Loss) 266 805 136 071 1 985 695 1 094 213

Non-Recurring Revenue 12 770 0 180 000 0 180 000 100,0%
Non-Recurring Expenses 64 192 105 624 1 834 170 1 201 492 (632 678) -52,7%

Net Positive/ (Negative) (51 422) (105 624) (1 654 170) (1 201 492) 812 678 Summary Income
Statement by
Net Profit / (Loss) 215 383 30 447 331 525 (107 279)
Account Ability
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Levy Statements – October 2022
120+ 90 Days 60 Days 30 Days Current Total Previous
Days Month
Normal - Self Pay - - - - -507 026 -507 026 -538 411 Account Ability
Normal - Debit Order - - - - -24 615 -24 615 -33 506
- - - - -531 642 -531 642 -571 917 Office Address:
Debt Collection - AA (30/60 days) 130 687 22 853 48 092 81 767 114 716 398 115 339 439 Sovereign Drive,
Debt Collection - JJR (90+ days) 96 771 6 452 6 509 6 591 5 656 121 979 115 363 Route 21
Debt Collection - KSB (90+ days) 222 966 35 877 36 164 45 808 40 690 381 506 341 959 Corporate Park
Sold - Previous Owner Accounts - - - - -62 814 -62 814 -54 230
In Transfer - - - - -527 -527 -7 924
Other 11 020 96 97 98 -30 090 -18 778 -19 210 Accounting
461 445 65 280 90 862 134 263 -464 010 287 840 101% 143 480 Office Hours
Debt Collection - Acc > R200,000 1 046 731 16 842 17 021 14 592 8 235 1 103 421 1,0% 1 092 329 8:00 to 13:00
1 508 176 82 121 107 883 148 855 -455 775 1 391 260 12,6% 1 235 809 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

8 • Issue 12 2022 • The Villager