Page 10 - IFV Issue 7 July 2024

Estate News – Financials MAY

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – May 2024
MAY 2024 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 440 903 1 440 902 4 255 403 4 255 400 3 0,0%
Other Income 48 811 42 690 179 011 128 070 50 941 39,8%
1 489 715 1 483 592 4 434 413 4 383 470 50 943 1,2%

Operational Expenditure
Professional /Administration 110 635 167 311 323 177 501 933 178 756 35,6%
Accounting and Auditing 48 207 54 663 144 621 163 989 19 368 11,8%
Insurance, Legal and Admin 62 428 112 648 178 556 337 944 159 388 47,2%

General Office 27 947 28 692 91 795 86 076 (5 719) -6,6%
Office Administration 27 947 28 692 91 795 86 076 (5 719) -6,6%
Operational Expenses 289 777 318 737 856 755 945 711 88 956 9,4%
Municipal Charges 57 971 64 644 180 018 193 932 13 914 7,2%
General Operations 19 597 36 513 53 559 99 043 45 484 45,9%
Salaries & Wages 212 209 217 580 623 179 652 736 29 557 4,5%

Security 333 487 609 283 1 437 296 1 827 849 390 553 21,4%
Security Operations 74 233 98 838 201 207 296 514 95 307 32,1%
Guarding Services 482 339 508 195 1 459 174 1 524 585 65 411 4,3%
Insurance Claims and Excess (223 085) 2 250 (223 085) 6 750 229 835 3405,0%

Repairs & Maintenance 204 415 257 487 710 720 772 461 61 741 8,0%
Repairs & Maintenance 30 902 83 974 190 183 251 922 61 739 24,5%
Park Maintenance Contract 173 513 173 513 520 538 520 539 1 0,0%
966 261 1 381 510 3 419 742 4 134 030 714 288 17,3%

Operating Profit / (Loss) 523 453 102 082 1 014 671 249 440

Non-Recurring Revenue 11 637 0 55 216 0 55 216 100,0%
Estate Penalties 14 467 0 37 050 0 37 050 100,0%
Speed Infringements (Net) 3 525 0 21 266 0 21 266 100,0%
Other Revenue (6 355) 0 (3 100) 0 (3 100) 100,0%

Non-Recurring Expenses 9 659 92 242 465 251 431 714 (33 537) -7,8%

Net Positive/ (Negative) 1 978 (92 242) (410 035) (431 714) 88 753

Net Profit / (Loss) 525 431 9 840 604 636 (182 274)

Summary Income Statement by Account Ability
Office Address:
Sovereign Drive, Route 21 “We may have all come on
Corporate Park
Accounting Office Hours different ships, but we’re in the
8:00 to 13:00 same boat now.”
Monday to Friday
Office Tel: 082 780 0059 – Martin Luther King, Jr
Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff

8 • Issue 7 2024 • The Villager