Page 10 - IFV Issue 3_2024

Estate News – Financials JANUARY

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – January 2024
JANUARY 2024 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 373 596 1 373 598 15 050 406 15 050 428 (22) 0,0%
Other Income 31 785 30 253 536 216 462 783 73 433 15,9%
1 405 381 1 403 851 15 586 622 15 513 211 73 411 0,5%

Operational Expenditure
Professional /Administration 140 035 104 227 1 086 492 1 229 953 143 461 11,7%
Accounting and Auditing 46 131 46 132 579 084 578 394 (690) -0,1%
Insurance, Legal and Admin 93 904 58 095 507 409 651 559 144 150 22,1%

General Office 8 982 17 355 180 057 206 905 26 848 13,0%
Office Administration 8 982 17 355 180 057 206 905 26 848 13,0%

Operational Expenses 197 688 264 528 2 887 768 3 031 663 143 895 4,7%
Municipal Charges 71 062 78 086 645 092 813 826 168 734 20,7%
General Operations 20 563 26 004 288 671 283 944 (4 727) -1,7%
Salaries & Wages 106 062 160 438 1 954 005 1 933 893 (20 112) -1,0%

Security 559 467 582 950 6 267 947 6 403 411 135 464 2,1%
Security Operations 66 957 87 290 862 808 951 174 88 366 9,3%
Guarding Services 491 010 491 160 5 402 140 5 402 737 597 0,0%
Insurance Claims and Excess 1 500 4 500 3 000 49 500 46 500 93,9%

Repairs & Maintenance 255 166 262 567 2 667 922 2 852 499 184 577 6,5%
Repairs & Maintenance 81 653 89 054 792 334 976 904 184 570 18,9%
Park Maintenance Contract 173 513 173 513 1 875 588 1 875 595 7 0,0%

1 161 338 1 231 627 13 090 187 13 724 431 634 244 4,6%

Operating Profit / (Loss) 244 043 172 224 2 496 435 1 788 780

Non-Recurring Revenue 209 968 0 601 827 0 601 827 100,0%
Estate Penalties 5 992 0 171 800 0 171 800 100,0%
Speed Infringements (Net) 201 594 0 420 038 0 420 038 100,0%
Other Revenue 2 383 0 9 988 0 9 988 100,0%

Non-Recurring Expenses 117 659 156 440 2 039 923 1 720 840 (319 083) -18,5%

Net Positive/ (Negative) 92 309 (156 440) (1 438 097) (1 720 840) 920 910

Net Profit / (Loss) 336 352 15 784 1 058 338 67 940

Summary Income Statement by Account Ability “The habit of saving is itself an

Office Address:
Sovereign Drive, Route 21 education; it fosters every virtue,
Corporate Park teaches self-denial, cultivates
Accounting Office Hours
8:00 to 13:00 the sense of order, trains to
Monday to Friday forethought, and so broadens the
Office Tel: 082 780 0059
mind.”
Accounts Email: accounts@aams.co.za
– Thornton T Munger
IFV Accounts: Winny Boshoff

8 • Issue 3 2024 • The Villager