Page 8 - IFV_Issue 3_March_2022

Estate News – Financials JANUARY

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – Janiuary 2022 “The heaviness
January 2022 Year to Date YTD Variance
Actual Budget Actual Budget Value % of being
Operational Income successful was
Levy Income 1 257 853 1 252 905 13 630 433 13 607 642 22 791 0,2%
Other Income 25 056 16 000 497 528 482 084 15 444 3,2%
1 282 908 1 268 905 14 127 961 14 089 726 38 235 0,3% replaced by
Operational Expenditure the lightness
Professional /Administration 81 124 119 229 941 084 1 008 230 67 146 6,7%
Accounting and Auditing 42 057 46 615 519 658 523 658 4 000 0,8% of being a
Insurance, Legal and Admin 39 067 72 614 421 426 484 572 63 146 13,0%
beginner
General Office 50 263 13 696 215 649 173 180 (42 469) -24,5%
Office Administration 50 263 13 696 215 649 173 180 (42 469) -24,5% again, less

Operational Expenses 233 828 220 583 3 152 339 3 049 597 (102 742) -3,4% sure about
Municipal Charges 52 290 64 998 752 937 771 233 18 296 2,4%
General Operations 10 814 23 593 247 649 244 171 (3 478) -1,4% everything.
Salaries & Wages 170 724 131 992 2 151 752 2 034 193 (117 559) -5,8%
It freed me
Security 630 809 528 258 5 850 290 5 834 176 (16 114) -0,3%
Security Operations 571 823 524 307 5 755 400 5 775 249 19 849 0,3% to enter one
Guarding Services 58 986 3 951 94 889 58 927 (35 962) -61,0%
of the most
Insurance Claims and Excess 0 0 0 0 0 100,0%
Repairs & Maintenance 158 394 187 501 2 101 222 2 109 564 8 342 0,4% creative
Repairs & Maintenance 8 167 37 274 470 183 478 529 8 346 1,7%
Park Maintenance Contract 150 227 150 227 1 631 039 1 631 035 (4) 0,0%
periods of my
1 154 418 1 069 267 12 260 584 12 174 747 (85 837) -0,7%
life.”
Operating Profit / (Loss) 128 490 199 638 1 867 377 1 914 979
Non-Recurring Revenue 31 470 0 55 113 0 55 113 100,0% – Steve Jobs
Non-Recurring Expenses 7 300 315 986 559 234 1 450 638 891 404 61,4%
Net Positive/ (Negative) 24 170 (315 986) (504 120) (1 450 638) (836 291)
Net Profit / (Loss) 152 660 (116 348) 1 363 256 464 341

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Levy Statements – January 2022 Summary Income
120+ 90 Days 60 Days 30 Days Current Total Previous
Days Month Statement by
Normal - Self Pay - - 456 32 638 -500 484 -467 390 -418 181
Normal - Debit Order - - - - -16 783 -16 783 -13 563 Account Ability
- - 456 32 638 -517 268 -484 174 -431 744
Debt Collection - AA (30/60 days) 39 845 5 305 25 122 69 147 73 253 212 672 204 020
Debt Collection - JJR (90+ days) 113 397 2 407 8 815 9 794 8 670 143 083 142 244
Debt Collection - KSB (90+ days) 54 395 7 985 8 055 8 082 7 466 85 983 82 901 Account Ability
Sold - Previous Owner Accounts - - - - -32 328 -32 328 -29 847
In Transfer 38 685 4 936 4 979 5 022 -14 014 39 608 32 911 Office Address:
Other 5 872 2 756 2 762 2 752 4 651 18 793 14 042 Sovereign Drive,
252 194 23 389 50 190 127 435 -469 571 -16 364 -213% 14 527
Debt Collection - Acc > R200,000 883 388 20 198 16 219 13 058 7 982 940 845 1,0% 931 367 Route 21
1 135 582 43 587 66 409 140 492 -461 589 924 482 -2,3% 945 895 Corporate Park
We want to thank all members who continue to pay their monthly levies so diligently. The total outstanding increased by 10.4%
(R89 26). 54% of the increase was as a result of accounts in the debt collection cycle, the balance is for members who skipped their Accounting
December payments. The HOA currently has three members owing the Estate more than R200 000 each. The number of accounts
owing more than three months remained at 21, with 60 days reduced to 27, and 30 days increased to 51. We are expecting a good Office Hours
recovery of the outstanding amounts in the coming months. Account Ability and the Estate Management are continuously driving
collections to ensure adequate cash flow to fulfil the HOA obligations. 8:00 to 13:00
Monday to Friday
Irene Farm Villages Home Owners Association – Capital/ Development Projects
Current Approved Spent Spent This Spent Total Spent Available Office Tel: 082 780 0059
stage Budget Prior Years Year to Prior November to Date Budget
Month 2021
Upgrading of Gatehouses: Accounts Email:
Main Gate Completed 4 600 000 99 902 4 264 166 27 327 4 391 395 208 605 accounts@aams.co.za
North Gate Completed 2 200 000 292 769 1 808 728 2 101 497 98 503
Office Relocation Completed 1 350 000 9 289 730 737 740 026 609 974 IFV Accounts:
Professional Fees In Progress 700 000 271 313 478 518 21 478 771 309 -71 309
8 850 000 673 273 7 282 149 48 805 8 004 227 845 773 Winny Boshoff
Contingency/Variation 400 000 - - - 400 000
Total 9 250 000 673 273 7 282 149 48 805 8 004 227 1 245 773

6 • Issue 3 2022 • The Villager