Page 8 - IFV_Issue 6_2022

Estate News – Financials APRIL

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – April 2022
April 2022 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 341 276 1 301 878 2 647 974 2 603 756 44 218 1,7%
Other Income 27 177 24 753 181 684 173 456 8 228 4,7%
1 368 453 1 326 631 2 829 658 2 777 212 52 446 1,9%
Operational Expenditure “One has to
Professional /Administration 75 394 102 410 144 275 204 820 60 545 29,6%
Accounting and Auditing 44 145 43 883 88 157 87 766 (391) -0,4% notice the
Insurance, Legal and Admin 31 249 58 527 56 118 117 054 60 936 52,1%
small things
General Office 3 118 19 042 10 786 43 084 32 298 75,0%
Office Administration 3 118 19 042 10 786 43 084 32 298 75,0% in life because

Operational Expenses 210 498 272 544 424 862 545 088 120 226 22,1% it is the detail
Municipal Charges 37 439 78 478 76 364 156 956 80 592 51,3%
General Operations 11 049 20 170 22 230 40 340 18 110 44,9% that reveals
Salaries & Wages 162 010 173 896 326 269 347 792 21 523 6,2%
the great
Security 503 726 640 651 1 030 269 1 211 302 181 033 14,9%
Security Operations 503 726 636 503 1 020 890 1 203 006 182 116 15,1% moments”
Guarding Services 0 4 148 9 379 8 296 (1 083) -13,1%
Insurance Claims and Excess 0 0 0 0 0 100,0%
– R.B. Wein
Repairs & Maintenance 173 249 214 560 365 861 504 120 138 259 27,4%
Repairs & Maintenance 23 022 51 278 65 406 177 556 112 150 63,2%
Park Maintenance Contract 150 227 163 282 300 455 326 564 26 109 8,0%

965 985 1 249 207 1 976 053 2 508 414 532 361 21,2%
Operating Profit / (Loss) 402 468 77 424 853 604 268 798
Non-Recurring Revenue 77 215 0 119 975 0 119 975 100,0%
Non-Recurring Expenses 16 045 190 624 24 794 266 248 241 454 90,7%
Net Positive/ (Negative) 61 170 (190 624) 95 181 (266 248) (121 479)
Net Profit / (Loss) 463 639 (113 200) 948 785 2 550

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Levy Statements – April 2022 Summary Income
120+ 90 Days 60 Days 30 Days Current Total Previous
Days Month Statement by
Normal - Self Pay - - - 14 173 -533 319 -519 146 -502 793
Normal - Debit Order - - - 37 612 -20 799 16 813 -22 934 Account Ability
- - - 51 785 -554 118 -502 333 -525 727
Debt Collection - AA (30/60 days) 38 310 27 092 52 518 100 193 72 604 290 717 273 337
Debt Collection - JJR (90+ days) 71 308 4 478 4 863 4 618 3 913 89 180 84 561
Debt Collection - KSB (90+ days) 78 199 17 161 24 806 24 723 22 722 167 611 97 816 Account Ability
Sold - Previous Owner Accounts - - 2 832 -3 383 -21 147 -21 698 -24 243
In Transfer 53 622 5 066 5 267 5 313 -34 441 34 827 72 193 Office Address:
Other - - 10 830 - -8 430 2 400 -19 260 Sovereign Drive,
241 439 53 797 101 115 183 249 -518 897 60 704 -247% -41 321
Debt Collection - Acc > R200,000 934 184 20 145 21 662 21 174 8 235 1 005 400 1,8% 987 704 Route 21
1 175 624 73 942 122 777 204 423 -510 662 1 066 103 12,7% 946 383 Corporate Park
We want to thank all members who continue to pay their monthly levies so diligently. The total outstanding increased by 12.7%
(R119,720). R40,000 of the increase is due to penalties charged during the month, and R21,660 due to two new Estate Agents that Accounting
registered. The HOA currently has three members owing the estate more than R200,000 each. Their month-on-month growth
accounted for R17,695. Looking at the balance of the now 668 members, the net is actually a low R60,704. However, our work Office Hours
is not done, as 151 members owe the estate a combined amount of R852,939. We appeal to these members to get their levy
accounts up to date. Account Ability and the Estate Management are continuously driving collections to ensure adequate cash 8:00 to 13:00
flow to fulfil the HOA obligations. Monday to Friday
Irene Farm Villages Home Owners Association – Capital/ Development Projects
Current Approved Spent Spent This Spent April 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 6 2022 • The Villager