Page 8 - IFV Issue 1 2023

Estate News – Financials NOVEMBER

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – November 2022
November 2022 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income
Normal Levies 1 314 447 1 301 878 11 843 543 11 716 902 126 641 1,1%
Other Income
Interest Received 32 840 19 359 283 900 174 231 109 669 62,9%
Contractors Permits 24 195 5 394 72 673 48 546 24 127 49,7%
Estate Agent Registration 0 0 108 300 108 300 0 0,0%
Post Box Annual Fee 500 0 19 500 15 650 3 850 24,6%
1 371 982 1 326 631 12 327 916 12 063 629 264 287 2,2% “Man’s
Operational Expenditure
Professional /Administration 72 202 102 410 849 860 1 046 288 196 428 18,8% goodness is
Accounting Fees 44 145 43 883 397 405 394 947 (2 458) -0,6%
Audit Fees 0 0 66 464 73 996 7 532 10,2% a flame that
Bank Charges 3 285 2 922 28 021 26 298 (1 723) -6,6%
Insurance 21 322 22 272 207 765 231 050 23 285 10,1% can be hidden
Legal & Professional Fees 3 450 33 333 150 204 319 997 169 793 53,1%
General Office 11 029 39 042 134 674 196 378 61 704 31,4% but never
Office Equipment 0 2 083 4 198 18 747 14 549 77,6%
General Expenses 4 931 23 749 18 794 53 741 34 947 65,0% extinguished.”
Office Refreshment 1 582 672 12 146 6 048 (6 098) -100,8%
Printing & Stationary 2 165 4 493 46 347 45 437 (910) -2,0% – Nelson Mandela
Telecommunication 2 351 8 045 53 189 72 405 19 216 26,5%
Operational Expenses 269 297 272 544 2 251 882 2 466 356 214 474 8,7%
Municipal Charges 71 284 78 478 571 333 706 302 134 969 19,1%
Recycling 9 908 10 403 89 173 93 627 4 454 4,8%
Donations 0 8 301 53 600 74 709 21 109 28,3%
Meetings 2 835 1 466 18 699 21 422 2 723 12,7%
Salaries & Wages 185 270 173 896 1 519 077 1 570 296 51 219 3,3%
Security 568 878 540 651 4 977 095 4 995 859 18 764 0,4%
Access Control - iNeighbour 16 216 17 098 133 733 153 882 20 149 13,1%
Access Control Equipment SLA 23 839 23 839 189 689 214 551 24 862 11,6%
CCTV Equipment SLA 17 377 22 146 185 005 199 314 14 309 7,2%
Security Maintenance 36 897 3 740 127 957 163 660 35 703 21,8%
Guarding Services 474 549 469 680 4 225 552 4 227 120 1 568 0,0%
Insurance Claims and Excess 0 4 148 115 160 37 332 (77 828) -208,5%
Repairs & Maintenance 207 676 214 560 1 924 218 2 107 111 182 893 8,7%
Fuel 18 182 4 760 102 805 42 840 (59 965) -140,0%
General Maintenance 2 382 8 923 126 346 80 307 (46 039) -57,3%
Infrastructure Maintenance 0 11 265 38 816 176 385 137 569 78,0% Summary Income
Generator Maintenance SLA 0 0 0 0 0 100,0%
Office IT Support 21 697 0 147 149 0 (147 149) 100,0% Statement by
Park Facing Boundary Walls 0 17 500 20 000 157 500 137 500 87,3% Account Ability
Park Maintenance 0 7 164 56 820 164 476 107 656 65,5%
Park Maintenance Contract 165 250 163 282 1 427 159 1 469 538 42 379 2,9%
Vehicles 165 1 666 5 122 16 065 10 943 68,1%
1 129 082 1 169 207 10 137 728 10 811 992 674 264 6,2%
Operating Profit / (Loss) 242 901 157 424 2 190 188 1 251 637 938 551 Account Ability
Non-Recurring Revenue Office Address:
Estate Penalties (79 000) 0 119 100 0 119 100 100,0%
Late Building Penalties 0 0 0 0 0 100,0% Sovereign Drive,
Late Payment Penalties 1 575 0 14 840 0 14 840 100,0% Route 21
Plan Fee Recovery 18 400 0 91 090 0 91 090 100,0% Corporate Park
- Plan Fee Cost (24 510) 0 (106 005) 0 (106 005) 100,0%
Expense Recovery 0 0 0 0 0 100,0% Accounting
Sale to Members 0 0 440 0 440 100,0% Office Hours
Cell Tower Rental 0 0 0 0 0 100,0%
8:00 to 13:00
Non-Recurring Expenses Monday to Friday
Infrastructure Development 0 0 0 0 0 100,0%
Operational Projects 0 0 150 650 546 500 395 850 72,4%
Water Risk Management 3 828 0 3 828 0 (3 828) 100,0% Office Tel: 082 780 0059
Social Development Projects 0 0 0 0 0 100,0%
Environmental Development 25 266 4 330 89 867 38 970 (50 897) -130,6% Accounts Email:
Legal Fees - Sinkhole 537 006 8 333 1 259 841 74 997 (1 184 844) -1579,9% accounts@aams.co.za
Additional Guarding 1 200 0 30 486 50 000 19 514 39,0%
Security Control Room 11 657 0 399 996 0 (399 996) 100,0%
Covid-19 614 3 961 7 072 35 649 28 577 80,2% IFV Accounts:
Cash Provision 59 000 59 000 531 000 531 000 0 0,0% Winny Boshoff
Net Positive/ (Negative) (722 106) (75 624) (2 353 276) (1 277 116) (1 076 160)
Net Profit / (Loss) (479 206) 81 800 (163 088) (25 479) (137 609)

6 • Issue 1 2023 • The Villager