Page 10 - IFV Issue 3 March 2023

Estate News – Financials FEBRUARY

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – February 2023
FEBRUARY 2023 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 314 447 1 301 878 15 786 884 15 622 536 164 348 1,1%
Other Income 40 218 24 753 589 097 420 986 168 111 39,9%

1 354 666 1 326 631 16 375 982 16 043 522 332 460 2,1%
“Someone’s
Operational Expenditure sitting in the
Professional /Administration 166 449 102 410 1 174 916 1 353 518 178 602 13,2%
Accounting and Auditing 44 086 43 883 602 671 600 592 (2 079) -0,3% shade today
because
Insurance, Legal and Admin 122 363 58 527 572 245 752 926 180 681 24,0%
someone
General Office 7 928 19 042 173 214 273 504 100 290 36,7%
Office Administration 7 928 19 042 173 214 273 504 100 290 36,7%
planted a tree
Operational Expenses 246 131 272 544 3 125 011 3 499 798 374 787 10,7% a long time
Municipal Charges 55 652 78 478 762 344 941 736 179 392 19,0%
General Operations 11 532 20 170 217 661 298 802 81 141 27,2% ago.”
Salaries & Wages 178 948 173 896 2 145 006 2 259 260 114 254 5,1%
– Warren Buffet
Security 569 557 540 651 6 680 564 6 617 812 (62 752) -0,9%
Security Operations 95 008 66 823 907 600 931 876 24 276 2,6%
Guarding Services 474 549 469 680 5 652 648 5 636 160 (16 488) -0,3%
Insurance Claims and Excess 0 4 148 120 317 49 776 (70 541) -141,7%

Repairs & Maintenance 356 337 214 560 2 841 991 2 785 800 (56 191) -2,0%
Repairs & Maintenance 191 087 51 278 919 082 826 416 (92 666) -11,2%
Park Maintenance Contract 165 250 163 282 1 922 910 1 959 384 36 474 1,9%

1 346 402 1 149 207 13 995 696 14 530 432 534 736 3,7%
Summary Income
Operating Profit / (Loss) 8 264 177 424 2 380 285 1 513 090
Statement by
Account Ability
Non-Recurring Revenue 8 400 0 57 760 0 57 760 100,0%
Non-Recurring Expenses 307 744 75 624 3 245 467 1 503 988 (1 741 479) -115,8%

Account Ability
Net Positive/ (Negative) (299 344) (75 624) (3 187 707) (1 503 988) 1 799 238
Office Address:
Net Profit / (Loss) (291 080) 101 800 (807 422) 9 102 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

8 • Issue 3 2023 • The Villager