Page 10 - IFV Issue 4_ 2024

Estate News – Financials FEBRUARY

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – January 2024
FEBRUARY 2024 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 373 596 1 373 598 16 424 001 16 424 026 (25) 0,0%
Other Income 64 339 30 253 602 506 493 036 109 470 22,2%
1 437 935 1 403 851 17 026 507 16 917 062 109 445 0,6%

Operational Expenditure
Professional /Administration 78 996 104 227 1 165 488 1 334 180 168 692 12,6%
Accounting and Auditing 45 630 46 132 624 714 624 526 (188) 0,0%
Insurance, Legal and Admin 33 365 58 095 540 774 709 654 168 880 23,8%

General Office 11 906 17 355 192 770 224 260 31 490 14,0%
Office Administration 11 906 17 355 192 770 224 260 31 490 14,0%

Operational Expenses 250 585 264 528 3 138 353 3 296 191 157 838 4,8%
Municipal Charges 55 371 78 086 700 464 891 912 191 448 21,5%
General Operations 26 553 26 004 315 224 309 948 (5 276) -1,7%
Salaries & Wages 168 661 160 438 2 122 666 2 094 331 (28 335) -1,4%

Security 555 461 582 950 7 371 576 6 986 361 (385 215) -5,5%
Security Operations 79 406 87 290 964 886 1 038 464 73 578 7,1%
Guarding Services 466 015 491 160 6 341 145 5 893 897 (447 248) -7,6%
Insurance Claims and Excess 10 041 4 500 65 545 54 000 (11 545) -21,4%

Repairs & Maintenance 320 590 262 567 2 995 031 3 115 066 120 035 3,9%
Repairs & Maintenance 147 077 89 054 945 931 1 065 958 120 027 11,3%
Park Maintenance Contract 173 513 173 513 2 049 100 2 049 108 8 0,0%

1 217 537 1 231 627 14 863 218 14 956 058 92 840 0,6%

Operating Profit / (Loss) 220 398 172 224 2 163 289 1 961 004

Non-Recurring Revenue 76 501 0 716 577 0 716 577 100,0%
Estate Penalties 25 292 0 235 342 0 235 342 100,0%
Speed Infringements (Net) 48 609 0 468 647 0 468 647 100,0%
Other Revenue 2 600 0 12 588 0 12 588 100,0%

Non-Recurring Expenses 69 086 206 440 2 161 163 1 927 280 (233 883) -12,1%

Net Positive/ (Negative) 7 414 (206 440) (1 444 586) (1 927 280) 950 460

Net Profit / (Loss) 227 812 (34 216) 718 703 33 724

Summary Income Statement by Account Ability

Office Address:
Sovereign Drive, Route 21
Corporate Park “Goals are like magnets.
Accounting Office Hours They’ll attract the things that
8:00 to 13:00 make them come true.”
Monday to Friday
Office Tel: 082 780 0059 – Tony Robbins
Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff

8 • Issue 4 2024 • The Villager