Page 10 - IFV Issue 8_2023
P. 10
Estate News – Financials JUNE
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – June 2023
JUNE 2023 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 373 596 1 373 598 5 435 235 5 435 242 (7) 0,0%
Other Income 39 674 30 503 242 111 250 262 (8 151) -3,3%
1 413 270 1 404 101 5 677 345 5 685 504 (8 159) -0,1%
Operational Expenditure
Professional /Administration 77 873 100 631 348 913 402 524 53 611 13,3%
Accounting and Auditing 46 131 46 132 186 573 184 528 (2 045) -1,1%
Insurance, Legal and Admin 31 742 54 499 162 339 217 996 55 657 25,5%
General Office 5 675 25 355 32 440 77 420 44 980 58,1%
Office Administration 5 675 25 355 32 440 77 420 44 980 58,1%
Operational Expenses 248 401 252 948 977 889 1 021 792 43 903 4,3%
Municipal Charges 42 729 66 806 224 276 267 224 42 948 16,1%
General Operations 18 090 25 704 88 738 102 816 14 078 13,7%
Salaries & Wages 187 581 160 438 664 876 651 752 (13 124) -2,0%
Security 544 472 581 646 2 284 250 2 325 369 41 119 1,8%
Security Operations 51 815 85 986 318 122 342 752 24 630 7,2%
Guarding Services 491 157 491 160 1 964 629 1 964 617 (12) 0,0%
Insurance Claims and Excess 1 500 4 500 1 500 18 000 16 500 91,7%
Repairs & Maintenance 190 241 253 220 1 003 617 1 012 880 9 263 0,9%
Repairs & Maintenance 24 991 87 969 342 617 351 876 9 259 2,6%
Park Maintenance Contract 165 250 165 251 661 000 661 004 4 0,0%
1 066 662 1 213 800 4 647 109 4 839 985 192 876 4,0%
Operating Profit / (Loss) 346 609 190 301 1 030 236 845 519
Non-Recurring Revenue 11 195 0 32 198 0 32 198 100,0%
Non-Recurring Expenses 104 583 156 440 730 838 625 760 (105 078) -16,8%
Net Positive/ (Negative) (93 388) (156 440) (698 641) (625 760) 137 276
Net Profit / (Loss) 253 220 33 861 331 596 219 759
Summary Income Statement by Account Ability
Office Address:
Sovereign Drive, Route 21 “Your assets demand so very little
Corporate Park
from you and just give, give, give
Accounting Office Hours
8:00 to 13:00 – that alone should make you an
Monday to Friday
asset lover”
Office Tel: 082 780 0059
– Ann Wilson - The Wealth Chef
Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff
8 • Issue 8 2023 • The Villager
