Page 10 - IFV Issue 11 November 2023

Estate News – Financials OCTOBER

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – October 2023
OCTOBER 2023 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 373 596 1 373 598 10 929 618 10 929 634 (16) 0,0%
Other Income 47 911 30 253 417 778 372 024 45 754 12,3%

1 421 507 1 403 851 11 347 396 11 301 658 45 738 0,4%

Operational Expenditure
Professional /Administration 104 713 105 134 769 853 918 368 148 515 16,2%
Accounting and Auditing 46 131 46 132 434 933 437 498 2 565 0,6%
Insurance, Legal and Admin 58 582 59 002 334 919 480 870 145 951 30,4%

General Office 27 581 17 355 121 478 146 840 25 362 17,3%
Office Administration 27 581 17 355 121 478 146 840 25 362 17,3%

Operational Expenses 257 401 264 528 1 955 075 2 084 577 129 502 6,2%
Municipal Charges 64 788 78 086 479 352 579 568 100 216 17,3%
General Operations 17 884 26 004 160 177 205 932 45 755 22,2%
Salaries & Wages 174 729 160 438 1 315 546 1 299 077 (16 469) -1,3%

Security 508 387 582 950 4 505 132 4 654 561 149 429 3,2%
Security Operations 17 377 87 290 574 522 689 304 114 782 16,7%
Guarding Services 491 010 491 160 3 929 110 3 929 257 148 0,0%
Insurance Claims and Excess 0 4 500 1 500 36 000 34 500 95,8%

Repairs & Maintenance 243 145 264 217 1 981 812 2 064 798 82 986 4,0%
Repairs & Maintenance 69 632 90 704 626 762 709 742 82 980 11,7%
Park Maintenance Contract 173 513 173 513 1 355 050 1 355 056 6 0,0%

1 141 226 1 234 184 9 333 350 9 869 144 535 794 5,4%

Operating Profit / (Loss) 280 281 169 667 2 014 046 1 432 514

Non-Recurring Revenue 112 592 0 253 125 0 253 125 100,0%

Non-Recurring Expenses 200 837 156 440 1 470 351 1 251 520 (218 831) -17,5%

Net Positive/ (Negative) (88 245) (156 440) (1 217 226) (1 251 520) 471 956

Net Profit / (Loss) 192 035 13 227 796 821 180 994

Summary Income Statement by Account Ability
Office Address:
Sovereign Drive, Route 21
Corporate Park “Everyday is a bank account, and
Accounting Office Hours time is our currency. No one is
8:00 to 13:00
Monday to Friday rich, no one is poor, we’ve got

Office Tel: 082 780 0059 24 hours each.”
Accounts Email: accounts@aams.co.za – Christopher Rice

IFV Accounts: Winny Boshoff

8 • Issue 11 2023 • The Villager