Page 8 - Irene Farm Villagers Issue 2_2023

Estate News – Financials JANUARY

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – January 2023
JANUARY 2023 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 314 447 1 301 878 14 472 437 14 320 658 151 779 1,1%
Other Income 46 459 24 753 518 139 396 233 121 906 30,8%

1 360 906 1 326 631 14 990 576 14 716 891 273 685 1,9%
“A budget is
Operational Expenditure
Professional /Administration 82 925 102 410 1 008 467 1 251 108 242 641 19,4% telling your
Accounting and Auditing 46 675 43 883 558 586 556 709 (1 877) -0,3%
money where
to go
General Office 7 963 19 042 166 969 254 462 87 493 34,4%
Office Administration 7 963 19 042 166 969 254 462 87 493 34,4%
instead of
Operational Expenses 273 698 272 544 2 877 872 3 227 254 349 382 10,8% wondering
Municipal Charges 63 014 78 478 706 684 863 258 156 574 18,1%
General Operations 18 069 20 170 205 130 278 632 73 502 26,4% where it went.”
Salaries & Wages 192 614 173 896 1 966 058 2 085 364 119 306 5,7%
– Dave Ramsey
Security 538 779 540 651 6 086 171 6 077 161 (9 010) -0,1%
Security Operations 59 073 66 823 791 205 865 053 73 848 8,5%
Guarding Services 474 549 469 680 5 174 649 5 166 480 (8 169) -0,2%
Insurance Claims and Excess 5 157 4 148 120 317 45 628 (74 689) -163,7%

Repairs & Maintenance 295 721 249 569 2 485 655 2 571 240 85 585 3,3%
Repairs & Maintenance 130 471 86 287 727 995 775 138 47 143 6,1%
Park Maintenance Contract 165 250 163 282 1 757 660 1 796 102 38 442 2,1%

1 199 085 1 184 216 12 625 134 13 381 225 756 091 5,7%

Operating Profit / (Loss) 161 821 142 415 2 365 442 1 335 666
Summary Income
Non-Recurring Revenue 12 570 0 49 360 0 49 360 100,0% Statement by
Account Ability
Non-Recurring Expenses 279 214 75 624 2 843 347 1 428 364 (1 414 983) -99,1%

Net Positive/ (Negative) (266 644) (75 624) (2 793 987) (1 428 364) 1 464 342
Account Ability

Net Profit / (Loss) (104 823) 66 791 (428 545) (92 698) Office Address:
Sovereign Drive,
Route 21
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION Corporate Park
Summary Levy Statements – January 2023
120+ 90 Days 60 Days 30 Days Current Total Previous
Days Month Accounting
Normal - Self Pay - - - 4 744 -511 172 -506 428 -430 936 Office Hours
Normal - Debit Order - - - 250 -26 791 -26 541 -28 590 8:00 to 13:00
- - - 4 994 -537 963 -532 969 -459 526 Monday to Friday
Debt Collection - AA (30/60 days) 9 764 15 860 26 023 65 023 72 268 188 937 218 003
Debt Collection - JJR (90+ days) 116 546 7 322 6 738 6 881 6 417 143 904 136 038 Office Tel: 082 780 0059
Debt Collection - KSB (90+ days) 361 028 54 140 52 030 54 602 47 611 569 410 499 075
Accounts Email:
Sold - Previous Owner Accounts - - - - -83 879 -83 879 -79 815 accounts@aams.co.za
In Transfer - - - - - - -500
Other - - - - -30 740 -30 740 -45 940
IFV Accounts:
487 338 77 321 84 790 131 500 -526 286 254 663 -5% 267 335
Winny Boshoff
Debt Collection - Acc > R200,000 1 001 827 10 436 10 479 10 788 8 404 1 041 934 -9,9% 1 156 879
1 489 165 87 757 95 269 142 289 -517 882 1 296 597 -9,0% 1 424 215

6 • Issue 2 2023 • The Villager