Page 10 - IFV Issue 10 October 2023

Estate News – Financials SEPTEMBER

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – September 2023
SEPTEMBER 2023 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 373 596 1 373 598 9 556 022 9 556 036 (14) 0,0%
Other Income 38 589 30 503 358 607 341 771 16 836 4,9%

1 412 185 1 404 101 9 914 629 9 897 807 16 822 0,2%

Operational Expenditure
Professional /Administration 79 518 100 631 652 577 813 234 160 657 19,8%
Accounting and Auditing 46 131 46 132 388 802 391 366 2 564 0,7%
Insurance, Legal and Admin 33 387 54 499 263 774 421 868 158 094 37,5%

General Office 22 383 17 355 107 967 129 485 21 518 16,6%
Office Administration 22 383 17 355 107 967 129 485 21 518 16,6%

Operational Expenses 274 513 264 228 1 708 131 1 820 049 111 918 6,1%
Municipal Charges 52 564 78 086 414 565 501 482 86 917 17,3%
General Operations 31 344 25 704 152 749 179 928 27 179 15,1%
Salaries & Wages 190 605 160 438 1 140 816 1 138 639 (2 177) -0,2%

Security 548 589 582 950 4 033 566 4 071 611 38 045 0,9%
Security Operations 57 432 87 290 593 966 602 014 8 048 1,3%
Guarding Services 491 157 491 160 3 438 099 3 438 097 (2) 0,0%
Insurance Claims and Excess 0 4 500 1 500 31 500 30 000 95,2%

Repairs & Maintenance 246 726 262 567 1 735 298 1 800 581 65 283 3,6%
Repairs & Maintenance 73 214 89 054 553 760 619 038 65 278 10,5%
Park Maintenance Contract 173 513 173 513 1 181 538 1 181 543 5 0,0%

1 171 729 1 227 731 8 237 538 8 634 960 397 422 4,6%

Operating Profit / (Loss) 240 456 176 370 1 677 091 1 262 847

Non-Recurring Revenue 59 764 0 154 603 0 154 603 100,0%

Non-Recurring Expenses 79 372 156 440 1 204 505 1 095 080 (109 425) -10,0%

Net Positive/ (Negative) (19 608) (156 440) (1 049 902) (1 095 080) 264 028

Net Profit / (Loss) 220 848 19 930 627 190 167 767

Summary Income Statement by Account Ability
Office Address:
Sovereign Drive, Route 21
Corporate Park
“You can have anything you want
Accounting Office Hours
8:00 to 13:00 in life, if you help enough other
Monday to Friday
people get what they want.”
Office Tel: 082 780 0059
– Zig Ziglar
Accounts Email: accounts@aams.co.za

IFV Accounts: Winny Boshoff

8 • Issue 10 2023 • The Villager