Page 10 - IFV Issue 6 June 2024

Estate News – Financials APRIL

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – April 2024
APRIL 2024 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Expenditure
Professional /Administration 110 554 167 311 212 412 334 622 122 210 36,5%
Accounting and Auditing 48 207 54 663 96 414 109 326 12 912 11,8%
Insurance, Legal and Admin 62 347 112 648 115 998 225 296 109 298 48,5%

General Office 26 624 28 692 62 394 57 384 (5 010) -8,7%
Office Administration 26 624 28 692 62 394 57 384 (5 010) -8,7%

Operational Expenses 259 445 313 487 503 858 626 974 123 116 19,6%
Municipal Charges 58 141 64 644 122 046 129 288 7 242 5,6%
General Operations 20 200 31 263 33 962 62 530 28 568 45,7%
Salaries & Wages 181 104 217 580 347 850 435 156 87 306 20,1%

Security 553 280 609 283 1 094 851 1 218 566 123 715 10,2%
Security Operations 58 784 98 838 118 016 197 676 79 660 40,3%
Guarding Services 494 496 508 195 976 835 1 016 390 39 555 3,9%
Insurance Claims and Excess 0 2 250 0 4 500 4 500 100,0%

Repairs & Maintenance 215 695 257 487 506 305 514 974 8 669 1,7%
Repairs & Maintenance 42 182 83 974 159 280 167 948 8 668 5,2%
Park Maintenance Contract 173 513 173 513 347 025 347 026 1 0,0%

1 165 598 1 376 260 2 379 819 2 752 520 372 701 13,5%

Operating Profit / (Loss) 356 691 107 332 561 081 147 358

Non-Recurring Revenue 12 456 0 47 079 0 47 079 100,0%
Estate Penalties 10 342 0 22 583 0 22 583 100,0%
Speed Infringements (Net) 1 314 0 21 241 0 21 241 100,0%
Other Revenue 800 0 3 255 0 3 255 100,0%

Non-Recurring Expenses 131 998 92 242 361 342 339 472 (21 870) -6,4%

Net Positive/ (Negative) (119 543) (92 242) (314 263) (339 472) 68 949

Net Profit / (Loss) 237 148 15 090 246 818 (192 114)

Summary Income Statement by Account Ability

Office Address:
Sovereign Drive, Route 21
Corporate Park “It is thrifty to prepare today for
Accounting Office Hours the wants of tomorrow.”
8:00 to 13:00
Monday to Friday – Aesop
Office Tel: 082 780 0059
Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff

8 • Issue 6 2024 • The Villager