Page 10 - IFV Issue 9_2023

Estate News – Financials AUGUST

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – August 2023
AUGUST 2023 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 373 596 1 373 598 8 182 426 8 182 438 (12) 0,0%
Other Income 39 643 30 753 319 668 311 268 8 400 2,7%

1 413 239 1 404 351 8 502 094 8 493 706 8 388 0,1%

Operational Expenditure
Professional /Administration 75 333 209 448 509 044 712 603 203 559 28,6%
Accounting and Auditing 46 131 114 574 278 657 345 234 66 577 19,3%
Insurance, Legal and Admin 29 202 94 874 230 387 367 369 136 982 37,3%

General Office 27 980 17 355 85 584 112 130 26 546 23,7%
Office Administration 27 980 17 355 85 584 112 130 26 546 23,7%

Operational Expenses 241 043 269 801 1 431 275 1 555 821 124 546 8,0%
Municipal Charges 72 831 78 086 359 658 423 396 63 738 15,1%
General Operations 12 274 25 704 121 406 154 224 32 818 21,3%
Salaries & Wages 155 938 166 011 950 211 978 201 27 990 2,9%

Security 562 531 581 646 3 409 841 3 488 661 78 820 2,3%
Security Operations 71 374 85 986 461 399 514 724 53 325 10,4%
Guarding Services 491 157 491 160 2 946 943 2 946 937 (6) 0,0%
Insurance Claims and Excess 0 4 500 1 500 27 000 25 500 94,4%

Repairs & Maintenance 219 267 262 567 1 487 526 1 538 014 50 488 3,3%
Repairs & Maintenance 45 755 89 054 479 501 529 984 50 483 9,5%
Park Maintenance Contract 173 513 173 513 1 008 025 1 008 030 5 0,0%

1 126 154 1 340 817 6 923 271 7 407 229 483 958 6,5%

Operating Profit / (Loss) 287 085 63 534 1 578 823 1 086 477

Non-Recurring Revenue 25 247 0 94 839 0 94 839 100,0%

Non-Recurring Expenses 314 782 156 440 1 125 133 938 640 (186 493) -19,9%

Net Positive/ (Negative) (289 535) (156 440) (1 030 293) (938 640) 281 332

Net Profit / (Loss) (2 450) (92 906) 548 530 147 837

Summary Income Statement by Account Ability
Office Address:
Sovereign Drive, Route 21 “If you want to be financially free,
Corporate Park
you need to become a different
Accounting Office Hours
8:00 to 13:00 person than you are today and let
Monday to Friday
go of whatever has held you back
Office Tel: 082 780 0059
in the past.”
Accounts Email: accounts@aams.co.za
– Robert Kiyosaki
IFV Accounts: Winny Boshoff

8 • Issue 9 2023 • The Villager