Page 10 - IFV Issue 4 May 2023

Estate News – Financials MARCH

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – March 2023
MARCH 2023 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 314 447 1 314 448 1 314 447 1 314 448 (1) 0,0%
Other Income 95 414 159 003 95 414 159 003 (63 589) -40,0%

1 409 861 1 473 451 1 409 861 1 473 451 (63 590) -4,3%

Operational Expenditure
Professional /Administration 98 135 100 631 98 135 100 631 2 496 2,5%
Accounting and Auditing 46 131 46 132 46 131 46 132 1 0,0%
Insurance, Legal and Admin 52 004 54 499 52 004 54 499 2 495 4,6%

General Office 8 630 17 355 8 630 17 355 8 725 50,3%
Office Administration 8 630 17 355 8 630 17 355 8 725 50,3%

Operational Expenses 228 245 262 948 228 245 262 948 34 703 13,2%
Municipal Charges 54 772 66 806 54 772 66 806 12 034 18,0%
General Operations 18 537 25 704 18 537 25 704 7 167 27,9%
Salaries & Wages 154 936 170 438 154 936 170 438 15 502 9,1%

Security 531 981 580 431 531 981 580 431 48 450 8,3%
Security Operations 57 432 84 794 57 432 84 794 27 362 32,3%
Guarding Services 474 549 491 137 474 549 491 137 16 588 3,4%
Insurance Claims and Excess 0 4 500 0 4 500 4 500 100,0%

Repairs & Maintenance 244 210 253 220 244 210 253 220 9 010 3,6%
Repairs & Maintenance 78 960 87 969 78 960 87 969 9 009 10,2%
Park Maintenance Contract 165 250 165 251 165 250 165 251 1 0,0%

1 111 200 1 214 585 1 111 200 1 214 585 103 385 8,5%

Operating Profit / (Loss) 298 661 258 866 298 661 258 866

Non-Recurring Revenue 8 652 0 8 652 0 8 652 100,0%

Non-Recurring Expenses 3 072 156 440 3 072 156 440 153 368 98,0%

Net Positive/ (Negative) 5 580 (156 440) 5 580 (156 440) (144 715)

Net Profit / (Loss) 304 241 102 426 304 241 102 426

Summary Income Statement by Account Ability
Office Address:
Sovereign Drive, Route 21 “You have to keep learning if you
Corporate Park
want to become a great investor.
Accounting Office Hours
8:00 to 13:00 When the world changes, you
Monday to Friday
must change.”
Office Tel: 082 780 0059
– Warren Buffet
Accounts Email: accounts@aams.co.za

IFV Accounts: Winny Boshoff

8 • Issue 4 2023 • The Villager