Page 10 - IFV Issue 5 May 2024

Estate News – Financials MARCH

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – March 2024
MARCH 2024 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 373 596 1 373 596 1 373 596 1 373 596 (0) 0,0%
Other Income 45 016 42 690 45 016 42 690 2 326 5,4%

1 418 612 1 416 286 1 418 612 1 416 286 2 326 0,2%

Operational Expenditure
Professional /Administration 89 950 167 311 89 950 167 311 77 361 46,2%
Accounting and Auditing 48 207 54 663 48 207 54 663 6 456 11,8%
Insurance, Legal and Admin 41 744 112 648 41 744 112 648 70 904 62,9%

General Office 35 590 28 692 35 590 28 692 (6 898) -24,0%
Office Administration 35 590 28 692 35 590 28 692 (6 898) -24,0%

Operational Expenses 244 413 313 487 244 413 313 487 69 074 22,0%
Municipal Charges 63 906 64 644 63 906 64 644 738 1,1%
General Operations 13 762 31 267 13 762 31 267 17 505 56,0%
Salaries & Wages 166 746 217 576 166 746 217 576 50 830 23,4%

Security 541 570 609 283 541 570 609 283 67 713 11,1%
Security Operations 59 231 98 838 59 231 98 838 39 607 40,1%
Guarding Services 482 339 508 195 482 339 508 195 25 856 5,1%
Insurance Claims and Excess 0 2 250 0 2 250 2 250 100,0%

Repairs & Maintenance 290 611 257 487 290 611 257 487 (33 124) -12,9%
Repairs & Maintenance 117 098 83 974 117 098 83 974 (33 124) -39,4%
Park Maintenance Contract 173 513 173 513 173 513 173 513 0 0,0%

1 202 135 1 376 260 1 202 135 1 376 260 174 125 12,7%

Operating Profit / (Loss) 216 477 40 026 216 477 40 026

Non-Recurring Revenue 34 623 0 34 623 0 34 623 100,0%
Estate Penalties 12 242 0 12 242 0 12 242 100,0%
Speed Infringements (Net) 19 927 0 19 927 0 19 927 100,0%
Other Revenue 2 455 0 2 455 0 2 455 100,0%

Non-Recurring Expenses 229 343 247 230 229 343 247 230 17 887 7,2%

Net Positive/ (Negative) (194 720) (247 230) (194 720) (247 230) 16 737

Net Profit / (Loss) 21 757 (207 204) 21 757 (207 204)

Summary Income Statement by Account Ability

Office Address:
Sovereign Drive, Route 21 “The key is not to prioritise what’s
Corporate Park
Accounting Office Hours on your schedule but to schedule
8:00 to 13:00 your priorities.”
Monday to Friday
Office Tel: 082 780 0059 – Stephen Covey
Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff

8 • Issue 5 2024 • The Villager