Page 10 - IFV Issue 12 December 2023

Estate News – Financials NOVEMBER

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – November 2023
NOVEMBER 2023 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 373 596 1 373 598 12 303 214 12 303 232 (18) 0,0%
Other Income 39 880 30 253 457 514 402 277 55 237 13,7%

1 413 476 1 403 851 12 760 728 12 705 509 55 219 0,4%

Operational Expenditure
Professional /Administration 87 676 100 631 857 529 1 018 999 161 471 15,8%
Accounting and Auditing 46 131 46 132 481 064 483 630 2 566 0,5%
Insurance, Legal and Admin 41 545 54 499 376 464 535 369 158 905 29,7%

General Office 25 838 25 355 148 483 172 195 23 712 13,8%
Office Administration 25 838 25 355 148 483 172 195 23 712 13,8%

Operational Expenses 248 758 264 528 2 190 239 2 349 105 158 866 6,8%
Municipal Charges 61 073 78 086 526 832 657 654 130 822 19,9%
General Operations 17 974 26 004 178 151 231 936 53 785 23,2%
Salaries & Wages 169 711 160 438 1 485 256 1 459 515 (25 741) -1,8%

Security 66 859 582 950 4 571 990 5 237 511 665 521 12,7%
Security Operations 66 859 87 290 641 381 776 594 135 213 17,4%
Guarding Services 0 491 160 3 929 110 4 420 417 491 308 11,1%
Insurance Claims and Excess 0 4 500 1 500 40 500 39 000 96,3%

Repairs & Maintenance 230 247 262 567 2 219 239 2 327 365 108 126 4,6%
Repairs & Maintenance 56 734 89 054 690 676 798 796 108 120 13,5%
Park Maintenance Contract 173 513 173 513 1 528 563 1 528 569 6 0,0%

659 378 1 236 031 9 987 480 11 105 175 1 117 695 10,1%

Operating Profit / (Loss) 754 099 167 820 2 773 248 1 600 334

Non-Recurring Revenue 83 308 0 334 433 0 334 433 100,0%

Non-Recurring Expenses 133 483 156 440 1 603 834 1 407 960 (195 874) -13,9%

Net Positive/ (Negative) (50 175) (156 440) (1 269 401) (1 407 960) 530 306
Net Profit / (Loss) 703 924 11 380 1 503 847 192 374

Summary Income Statement by Account Ability
Office Address:
Sovereign Drive, Route 21
Corporate Park
Accounting Office Hours “It takes as much energy to wish
8:00 to 13:00
Monday to Friday as it does to plan.”

Office Tel: 082 780 0059 – Eleanor Roosevelt
Accounts Email: accounts@aams.co.za

IFV Accounts: Winny Boshoff

8 • Issue 12 2023 • The Villager