Page 8 - IFV Issue 1_2024
P. 8
Estate News – Financials DECEMBER
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – December 2023
DECEMBER 2023 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 373 596 1 373 598 13 676 810 13 676 830 (20) 0,0%
Other Income 43 282 30 253 504 432 432 530 71 902 16,6%
1 416 878 1 403 851 14 181 241 14 109 360 71 881 0,5%
Operational Expenditure
Professional /Administration 86 735 106 727 946 457 1 125 726 179 269 15,9%
Accounting and Auditing 51 888 48 632 532 953 532 262 (691) -0,1%
Insurance, Legal and Admin 34 847 58 095 413 504 593 464 179 960 30,3%
General Office 22 408 17 355 171 075 189 550 18 475 9,7%
Office Administration 22 408 17 355 171 075 189 550 18 475 9,7%
Operational Expenses 511 836 418 030 2 690 080 2 767 135 77 055 2,8%
Municipal Charges 59 193 78 086 574 030 735 740 161 710 22,0%
General Operations 89 957 26 004 268 108 257 940 (10 168) -3,9%
Salaries & Wages 362 686 313 940 1 847 942 1 773 455 (74 487) -4,2%
Security 555 264 582 950 5 635 451 5 820 461 185 010 3,2%
Security Operations 64 254 87 290 722 821 863 884 141 063 16,3%
Guarding Services 491 010 491 160 4 911 130 4 911 577 447 0,0%
Insurance Claims and Excess 0 4 500 1 500 45 000 43 500 96,7%
Repairs & Maintenance 220 775 262 567 2 440 614 2 589 932 149 318 5,8%
Repairs & Maintenance 47 263 89 054 738 539 887 850 149 311 16,8%
Park Maintenance Contract 173 513 173 513 1 702 075 1 702 082 7 0,0%
1 397 019 1 387 629 11 883 677 12 492 804 609 127 4,9%
Operating Profit / (Loss) 19 860 16 222 2 297 564 1 616 556
Non-Recurring Revenue 53 527 0 387 960 0 387 960 100,0%
Non-Recurring Expenses 285 496 156 440 1 946 104 1 564 400 (381 704) -24,4%
Net Positive/ (Negative) (231 969) (156 440) (1 558 144) (1 564 400) 769 663
Net Profit / (Loss) (212 109) (140 218) 739 420 52 156
Summary Income Statement by Account Ability
Office Address:
Sovereign Drive, Route 21
Corporate Park
Accounting Office Hours “Money grows on the
8:00 to 13:00
Monday to Friday tree of persistence.”
Office Tel: 082 780 0059 – Japanese proverb
Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff
6 • Issue 1 2024 • The Villager
