Page 8 - IFV Issue Issue 9_2022

Estate News – Financials JULY

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – July 2022
July 2022 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 309 522 1 301 878 6 581 465 6 509 390 72 075 1,1%
Other Income 11 869 24 753 284 974 247 715 37 259 15,0%
1 321 391 1 326 631 6 866 439 6 757 105 109 334 1,6%

Operational Expenditure
Professional /Administration 104 620 102 410 432 464 513 802 81 338 15,8% “Money is a
Accounting and Auditing 44 079 43 883 222 791 221 167 (1 624) -0,7%
Insurance, Legal and Admin 60 541 58 527 209 674 292 635 82 961 28,3% tool not a
General Office 33 777 19 042 102 172 100 210 (1 962) -2,0% goal. Freedom
Office Administration 33 777 19 042 102 172 100 210 (1 962) -2,0%
is the goal.
Operational Expenses 277 368 272 544 1 217 125 1 362 720 145 595 10,7%
Municipal Charges 67 728 78 478 308 955 392 390 83 435 21,3% Dont forget
General Operations 18 196 20 170 89 758 100 850 11 092 11,0%
Salaries & Wages 191 443 173 896 818 412 869 480 51 068 5,9% that!”

Security 537 100 540 651 2 653 352 2 833 255 179 903 6,3% – Robert Kiyosaki
Security Operations 537 100 536 503 2 643 973 2 812 515 168 542 6,0%
Guarding Services 0 4 148 9 379 20 740 11 361 54,8%
Insurance Claims and Excess 0 0 0 0 0 100,0%

Repairs & Maintenance 176 280 264 560 936 236 1 198 871 262 635 21,9%
Repairs & Maintenance 26 052 101 278 185 099 382 461 197 362 51,6%
Park Maintenance Contract 150 227 163 282 751 137 816 410 65 273 8,0%
1 129 144 1 199 207 5 341 349 6 008 858 667 509 11,1%

Operating Profit / (Loss) 192 246 127 424 1 525 090 748 247

Non-Recurring Revenue (6 190) 0 136 330 0 136 330 100,0%
Non-Recurring Expenses 319 976 150 624 638 870 853 120 214 250 25,1%

Net Positive/ (Negative) (326 166) (150 624) (502 540) (853 120) (77 919) Summary Income
Statement by
Net Profit / (Loss) (133 920) (23 200) 1 022 550 (104 873)
Account Ability
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Levy Statements – July 2022
120+ 90 Days 60 Days 30 Days Current Total Previous
Days Month
Normal - Self Pay - - - 12 383 -436 888 -424 505 -516 919 Account Ability
Normal - Debit Order - - - 940 -37 213 -36 273 -29 614
- - - 13 323 -474 101 -460 778 -546 533 Office Address:
Debt Collection - AA (30/60 days) 72 692 18 234 38 913 54 995 38 952 223 785 269 803 Sovereign Drive,
Debt Collection - JJR (90+ days) 79 524 4 608 6 292 6 347 5 606 102 377 95 980 Route 21
Debt Collection - KSB (90+ days) 144 369 30 362 31 901 34 028 32 188 272 848 183 392 Corporate Park
Sold - Previous Owner Accounts - - - - -51 313 -51 313 -39 815
In Transfer - - - - -5 173 -5 173 -17 586
Other - 10 830 - - -30 090 -19 260 10 925 Accounting
296 585 64 033 77 106 108 693 -483 931 62 486 -243% -43 835 Office Hours
Debt Collection - Acc > R200,000 986 665 21 662 21 862 23 542 8 235 1 061 966 2,3% 1 037 924 8:00 to 13:00
1 283 250 85 695 98 968 132 235 -475 696 1 124 452 13,1% 994 089 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

6 • Issue 9 2022 • The Villager