Page 10 - IFV Issue 11 December 2024

Estate News – Financials OCTOBER

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – October 2024
OCTOBER 2024 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 440 903 1 440 902 11 459 920 11 459 910 10 0,0%
Other Income 51 734 42 690 463 840 341 520 122 320 35,8%

1 492 638 1 483 592 11 923 760 11 801 430 122 330 1,0%

Operational Expenditure
Professional /Administration 88 643 119 753 986 650 1 260 723 274 073 21,7%
Accounting and Auditing 48 207 48 438 459 464 462 203 2 739 0,6%
Insurance, Legal and Admin 40 436 71 315 527 187 798 520 271 333 34,0%

General Office 27 038 29 368 232 961 232 240 (721) -0,3%
Office Administration 27 038 29 368 232 961 232 240 (721) -0,3%

Operational Expenses 319 120 313 487 2 385 967 2 518 396 132 430 5,3%
Municipal Charges 76 493 64 644 532 945 517 152 (15 793) -3,1%
General Operations 33 140 31 263 178 636 260 608 81 972 31,5%
Salaries & Wages 209 486 217 580 1 674 386 1 740 636 66 250 3,8%

Security 545 110 610 120 4 346 336 4 877 612 531 276 10,9%
Security Operations 66 981 99 675 635 502 794 052 158 550 20,0%
Guarding Services 478 130 508 195 3 873 866 4 065 560 191 694 4,7%
Insurance Claims and Excess 0 2 250 (163 032) 18 000 181 032 1005,7%

Repairs & Maintenance 260 759 267 662 1 963 055 2 096 096 133 041 6,3%
Repairs & Maintenance 78 571 85 474 540 252 673 292 133 040 19,8%
Park Maintenance Contract 182 188 182 188 1 422 803 1 422 804 1 0,0%

1 240 671 1 340 390 9 914 969 10 985 067 1 070 098 9,7%

Operating Profit / (Loss) 251 967 143 202 2 008 792 816 363

Non-Recurring Revenue 55 700 0 372 229 0 372 229 100,0%
Estate Penalties 43 667 0 210 508 0 210 508 100,0%
Speed Infringements (Net) 3 122 0 68 478 0 68 478 100,0%
Other Revenue 8 911 0 93 243 0 93 243 100,0%

Non-Recurring Expenses 35 635 82 242 1 026 864 842 916 (183 948) -21,8%

Net Positive/ (Negative) 20 065 (82 242) (654 635) (842 916) 556 177

Net Profit / (Loss) 272 032 60 960 1 354 157 (26 553)

Summary Income Statement by Account Ability
Office Address:
Sovereign Drive, Route 21 “Consistent savings and boring
Corporate Park
Accounting Office Hours profits make for adventurous
8:00 to 13:00 living and exciting opportunities.”
Monday to Friday
Office Tel: 082 780 0059 – Jim Brown
Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff

8 • Issue 11 2024 • The Villager