Page 10 - Irene Issue 10 2024

Estate News – Financials SEPTEMBER

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – September 2024
SEPTEMBER 2024 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 440 903 1 440 902 10 019 017 10 019 008 9 0,0%
Other Income 51 929 42 690 406 209 298 830 107 379 35,9%

1 492 833 1 483 592 10 425 226 10 317 838 107 388 1,0%

Operational Expenditure
Professional /Administration 96 845 99 753 901 129 1 140 970 239 841 21,0%
Accounting and Auditing 41 745 48 438 411 257 413 765 2 508 0,6%
Insurance, Legal and Admin 55 100 51 315 489 872 727 205 237 333 32,6%

General Office 27 764 29 368 205 923 202 872 (3 051) -1,5%
Office Administration 27 764 29 368 205 923 202 872 (3 051) -1,5%

Operational Expenses 297 474 318 737 2 066 847 2 204 909 138 062 6,3%
Municipal Charges 80 382 64 644 456 452 452 508 (3 944) -0,9%
General Operations 34 148 36 513 145 495 229 345 83 850 36,6%
Salaries & Wages 182 945 217 580 1 464 900 1 523 056 58 156 3,8%

Security 560 198 610 120 3 786 881 4 267 492 480 611 11,3%
Security Operations 74 206 99 675 554 177 694 377 140 200 20,2%
Guarding Services 485 993 508 195 3 395 736 3 557 365 161 629 4,5%
Insurance Claims and Excess 0 2 250 (163 032) 15 750 178 782 1135,1%

Repairs & Maintenance 217 791 266 162 1 687 522 1 828 434 140 912 7,7%
Repairs & Maintenance 35 603 83 974 446 908 587 818 140 910 24,0%
Park Maintenance Contract 182 188 182 188 1 240 615 1 240 616 1 0,0%

1 200 073 1 324 140 8 648 303 9 644 677 996 374 10,3%

Operating Profit / (Loss) 292 760 159 452 1 776 923 673 161

Non-Recurring Revenue 42 886 0 326 664 0 326 664 100,0%
Estate Penalties 34 592 0 166 842 0 166 842 100,0%
Speed Infringements (Net) 4 554 0 65 355 0 65 355 100,0%
Other Revenue 3 740 0 94 467 0 94 467 100,0%

Non-Recurring Expenses 226 389 82 242 1 060 209 760 674 (299 535) -39,4%

Net Positive/ (Negative) (183 503) (82 242) (733 545) (760 674) 626 200

Net Profit / (Loss) 109 257 77 210 1 043 378 (87 513)

Summary Income Statement by Account Ability
Office Address:
Sovereign Drive, Route 21 “If you take control of your
Corporate Park
Accounting Office Hours finances today, then you won’t be
8:00 to 13:00 a victim of them tomorrow.”
Monday to Friday
Office Tel: 082 780 0059 – Emily G. Stroud
Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff

8 • Issue 10 2024 • The Villager