Page 10 - IFV Issue 6_ 2023
P. 10
Estate News – Financials APRIL
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – April 2023
APRIL 2023 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 373 596 1 373 598 2 688 043 2 688 046 (3) 0,0%
Other Income 21 668 30 503 117 007 189 506 (72 499) -38,3%
1 395 264 1 404 101 2 805 050 2 877 552 (72 502) -2,5%
Operational Expenditure
Professional /Administration 73 394 100 631 176 708 201 262 24 554 12,2%
Accounting and Auditing 46 131 46 132 92 262 92 264 2 0,0%
Insurance, Legal and Admin 27 263 54 499 84 446 108 998 24 552 22,5%
General Office 7 314 17 355 15 944 34 710 18 766 54,1%
Office Administration 7 314 17 355 15 944 34 710 18 766 54,1%
Operational Expenses 231 497 252 948 459 742 515 896 56 154 10,9%
Municipal Charges 52 780 66 806 107 552 133 612 26 060 19,5%
General Operations 18 337 25 704 36 874 51 408 14 534 28,3%
Salaries & Wages 160 380 160 438 315 316 330 876 15 560 4,7%
Security 539 562 581 646 1 093 588 1 162 077 68 489 5,9%
Security Operations 65 013 85 986 144 490 170 780 26 290 15,4%
Guarding Services 474 549 491 160 949 098 982 297 33 199 3,4%
Insurance Claims and Excess 0 4 500 0 9 000 9 000 100,0%
Repairs & Maintenance 288 147 253 220 532 356 506 440 (25 916) -5,1%
Repairs & Maintenance 122 897 87 969 201 856 175 938 (25 918) -14,7%
Park Maintenance Contract 165 250 165 251 330 500 330 502 2 0,0%
1 139 913 1 205 800 2 278 339 2 420 385 142 046 5,9%
Operating Profit / (Loss) 255 351 198 301 526 711 457 167
Non-Recurring Revenue 9 185 0 17 837 0 17 837 100,0%
Non-Recurring Expenses 20 013 156 440 23 085 312 880 289 795 92,6%
Net Positive/ (Negative) (10 828) (156 440) (5 248) (312 880) (271 958)
Net Profit / (Loss) 244 523 41 861 521 464 144 287
Summary Income Statement by Account Ability
Office Address:
Sovereign Drive, Route 21
Corporate Park “When money realises that it is in
Accounting Office Hours good hands, it wants to stay and
8:00 to 13:00
Monday to Friday multiply in those hands.”
Office Tel: 082 780 0059 – Idowu Koyenikan
Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff
8 • Issue 6 2023 • The Villager
