Page 10 - IFV_Issue 8_2022

Estate News – Financials JUNE

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – June 2022
June 2022 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 309 522 1 301 878 5 271 943 5 207 512 64 431 1,2%
Other Income 52 923 24 753 272 856 222 962 49 894 22,4%
1 362 445 1 326 631 5 544 799 5 430 474 114 325 2,1%

Operational Expenditure
Professional /Administration 81 604 104 162 327 844 411 392 83 548 20,3% “If you are not
Accounting and Auditing 44 079 45 635 178 712 177 284 (1 428) -0,8%
Insurance, Legal and Admin 37 526 58 527 149 132 234 108 84 976 36,3% willing to risk
General Office 16 026 19 042 31 589 81 168 49 579 61,1% the usual you
Office Administration 16 026 19 042 31 589 81 168 49 579 61,1%
will have to
Operational Expenses 270 825 272 544 966 241 1 090 176 123 935 11,4%
Municipal Charges 58 914 78 478 241 226 313 912 72 686 23,2% settle for the
General Operations 38 016 20 170 71 562 80 680 9 118 11,3%
Salaries & Wages 173 895 173 896 653 452 695 584 42 132 6,1% ordinary.”

Security 540 239 540 651 2 132 214 2 292 604 160 390 7,0% – Jim Rohn
Security Operations 540 239 536 503 2 122 835 2 276 012 153 177 6,7%
Guarding Services 0 4 148 9 379 16 592 7 213 43,5%
Insurance Claims and Excess 0 0 0 0 0 100,0%

Repairs & Maintenance 212 020 215 631 759 956 934 311 174 355 18,7%
Repairs & Maintenance 61 793 52 349 159 047 281 183 122 136 43,4%
Park Maintenance Contract 150 227 163 282 600 909 653 128 52 219 8,0%
1 120 714 1 152 030 4 217 844 4 809 651 591 807 12,3%

Operating Profit / (Loss) 241 730 174 601 1 326 954 620 823

Non-Recurring Revenue 30 200 0 135 020 0 135 020 100,0%
Non-Recurring Expenses 107 087 285 624 318 894 702 496 383 602 54,6%

Net Positive/ (Negative) (76 887) (285 624) (183 874) (702 496) (248 582) Summary Income
Statement by
Net Profit / (Loss) 164 843 (111 023) 1 143 080 (81 673)
Account Ability
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Levy Statements – June 2022
120+ 90 Days 60 Days 30 Days Current Total Previous
Days Month
Normal - Self Pay - - - 4 915 -521 834 -516 919 -460 741 Account Ability
Normal - Debit Order - - - - -29 614 -29 614 28 975
- - - 4 915 -551 448 -546 533 -431 766 Office Address:
Debt Collection - AA (30/60 days) 72 109 39 421 40 981 69 092 48 200 269 803 309 088 Sovereign Drive,
Debt Collection - JJR (90+ days) 74 906 4 618 4 608 6 292 5 556 95 980 89 688 Route 21
Debt Collection - KSB (90+ days) 102 258 18 794 20 490 21 551 20 299 183 392 174 076 Corporate Park
Sold - Previous Owner Accounts - - - - -39 815 -39 815 -38 326
In Transfer - - - - -17 586 -17 586 56 363
Other - - 10 830 95 - 10 925 -19 283 Accounting
249 272 62 833 76 909 101 945 -534 794 -43 835 -131% 139 840 Office Hours
Debt Collection - Acc > R200,000 972 491 21 174 21 662 14 362 8 235 1 037 924 1,1% 1 027 062 8:00 to 13:00
1 221 763 84 007 98 571 116 307 -526 559 994 089 -14,8% 1 166 902 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 8 2022 • The Villager