Page 10 - IFV Issue 7_2023
P. 10
Estate News – Financials MAY
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – May 2023
MAY 2023 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 373 596 1 373 598 4 061 639 4 061 644 (5) 0,0%
Other Income 83 315 30 253 202 436 219 759 (17 323) -7,9%
1 456 910 1 403 851 4 264 075 4 281 403 (17 328) -0,4%
Operational Expenditure
Professional /Administration 93 727 100 631 270 505 301 893 31 388 10,4%
Accounting and Auditing 48 180 46 132 140 442 138 396 (2 046) -1,5%
Insurance, Legal and Admin 45 546 54 499 130 063 163 497 33 434 20,4%
General Office 9 503 17 355 25 447 52 065 26 618 51,1%
Office Administration 9 503 17 355 25 447 52 065 26 618 51,1%
Operational Expenses 246 974 252 948 716 624 768 844 52 220 6,8%
Municipal Charges 61 130 66 806 168 682 200 418 31 736 15,8%
General Operations 23 865 25 704 70 647 77 112 6 465 8,4%
Salaries & Wages 161 979 160 438 477 295 491 314 14 019 2,9%
Security 590 295 581 646 1 723 323 1 743 723 20 400 1,2%
Security Operations 99 138 85 986 249 851 256 766 6 915 2,7%
Guarding Services 491 157 491 160 1 473 472 1 473 457 (15) 0,0%
Insurance Claims and Excess 0 4 500 0 13 500 13 500 100,0%
Repairs & Maintenance 280 468 253 220 813 376 759 660 (53 716) -7,1%
Repairs & Maintenance 115 218 87 969 317 626 263 907 (53 719) -20,4%
Park Maintenance Contract 165 250 165 251 495 750 495 753 3 0,0%
1 220 967 1 205 800 3 549 276 3 626 185 76 909 2,1%
Operating Profit / (Loss) 235 944 198 051 714 800 655 218
Non-Recurring Revenue 3 166 0 21 003 0 21 003 100,0%
Non-Recurring Expenses 503 170 156 440 626 255 469 320 (156 935) -33,4%
Net Positive/ (Negative) (500 005) (156 440) (605 252) (469 320) 177 938
Net Profit / (Loss) (264 061) 41 611 109 547 185 898
Summary Income Statement by Account Ability
Office Address:
Sovereign Drive, Route 21
Corporate Park “Never depend on a single income.
Accounting Office Hours Make investment to create a
8:00 to 13:00
Monday to Friday second source.”
Office Tel: 082 780 0059 – Warren Buffett
Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff
8 • Issue 7 2023 • The Villager
