Page 10 - IFV_Issue 7_2022

Estate News – Financials MAY

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – May 2022
May 2022 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 314 447 1 301 878 3 962 421 3 905 634 56 787 1,5%
Other Income 38 606 24 753 220 262 198 209 22 053 11,1%
1 353 053 1 326 631 4 182 683 4 103 843 78 840 1,9%
Operational Expenditure
Professional /Administration 101 531 102 410 245 806 307 230 61 424 20,0%
Accounting and Auditing 46 042 43 883 134 199 131 649 (2 550) -1,9% “It is not for us
Insurance, Legal and Admin 55 489 58 527 111 607 175 581 63 974 36,4%
to forecast the
General Office 4 359 19 042 15 146 62 126 46 980 75,6%
Office Administration 4 359 19 042 15 146 62 126 46 980 75,6% future, but to
shape it.”
Operational Expenses 302 605 272 544 727 467 817 632 90 165 11,0%
Municipal Charges 105 949 78 478 182 312 235 434 53 122 22,6%
General Operations 11 316 20 170 33 546 60 510 26 964 44,6% – Antoine de
Salaries & Wages 185 340 173 896 511 609 521 688 10 079 1,9% Saint Exupery
Security 539 368 540 651 1 591 975 1 751 953 159 978 9,1%
Security Operations 539 368 536 503 1 582 596 1 739 509 156 913 9,0%
Guarding Services 0 4 148 9 379 12 444 3 065 24,6%
Insurance Claims and Excess 0 0 0 0 0 100,0%

Repairs & Maintenance 182 075 214 560 547 936 718 680 170 744 23,8%
Repairs & Maintenance 31 848 51 278 97 254 228 834 131 580 57,5%
Park Maintenance Contract 150 227 163 282 450 682 489 846 39 164 8,0%

1 129 940 1 149 207 3 128 330 3 657 621 529 291 14,5%
Operating Profit / (Loss) 223 114 177 424 1 054 352 446 222
Non-Recurring Revenue 29 845 0 144 820 0 144 820 100,0%
Non-Recurring Expenses 69 013 150 624 211 807
Net Positive/ (Negative) (39 167) (150 624) (66 987) Summary Income
Net Profit / (Loss) 183 947 26 800 987 366 29 350 Statement by
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Levy Statements – May 2022 Account Ability
120+ 90 Days 60 Days 30 Days Current Total Previous
Days Month
Normal - Self Pay - - 1 308 9 784 -471 834 -460 741 -519 146
Normal - Debit Order - - 34 980 22 632 -28 637 28 975 16 813 Account Ability
- - 36 288 32 416 -500 471 -431 766 -502 333
Debt Collection - AA (30/60 days) 45 538 27 694 66 299 91 129 78 427 309 088 290 717 Office Address:
Debt Collection - JJR (90+ days) 70 042 4 863 4 618 4 608 5 556 89 688 89 180 Sovereign Drive,
Debt Collection - KSB (90+ days) 90 360 19 820 22 185 21 436 20 274 174 076 167 611 Route 21
Sold - Previous Owner Accounts - - - - -38 326 -38 326 -21 698 Corporate Park
In Transfer 58 688 5 267 5 313 5 359 -18 264 56 363 34 827
Other 26 0 0 10 830 -30 140 -19 283 2 400 Accounting
264 655 57 645 134 704 165 779 -482 944 139 840 130% 60 704 Office Hours
Debt Collection - Acc > R200,000 954 329 21 662 21 174 21 662 8 235 1 027 062 2,2% 1 005 400 8:00 to 13:00
1 218 984 79 307 155 878 187 441 -474 709 1 166 902 9,5% 1 066 103 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

8 • Issue 7 2022 • The Villager