Page 10 - IFV Issue 8 August 2024

Estate News – Financials JUNE

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – June 2024
JUNE 2024 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 440 903 1 440 902 5 696 306 5 696 302 4 0,0%
Other Income 23 136 42 690 210 134 170 760 39 374 23,1%

1 464 040 1 483 592 5 906 440 5 867 062 39 378 0,7%

Operational Expenditure
Professional /Administration 93 666 167 311 419 147 669 244 250 097 37,4%
Accounting and Auditing 48 207 54 663 195 001 218 652 23 651 10,8%
Insurance, Legal and Admin 45 459 112 648 224 146 450 592 226 446 50,3%

General Office 22 545 28 692 114 340 114 768 428 0,4%
Office Administration 22 545 28 692 114 340 114 768 428 0,4%

Operational Expenses 300 004 313 487 1 156 758 1 259 198 102 440 8,1%
Municipal Charges 70 746 64 644 250 764 258 576 7 812 3,0%
General Operations 21 252 31 263 74 811 130 306 55 495 42,6%
Salaries & Wages 208 005 217 580 831 184 870 316 39 132 4,5%

Security 571 150 609 283 2 022 290 2 437 132 414 842 17,0%
Security Operations 58 784 98 838 273 835 395 352 121 517 30,7%
Guarding Services 482 339 508 195 1 941 513 2 032 780 91 267 4,5%
Insurance Claims and Excess 30 027 2 250 (193 059) 9 000 202 059 2245,1%

Repairs & Maintenance 210 053 257 487 920 773 1 029 948 109 175 10,6%
Repairs & Maintenance 36 540 83 974 226 723 335 896 109 173 32,5%
Park Maintenance Contract 173 513 173 513 694 050 694 052 2 0,0%

1 197 417 1 376 260 4 633 309 5 510 290 876 981 15,9%

Operating Profit / (Loss) 266 623 107 332 1 273 132 356 772

Non-Recurring Revenue 105 489 0 155 705 0 155 705 100,0%
Estate Penalties 5 217 0 37 267 0 37 267 100,0%
Speed Infringements (Net) (7 130) 0 14 136 0 14 136 100,0%
Other Revenue 107 403 0 104 303 0 104 303 100,0%

Non-Recurring Expenses 58 918 82 242 535 779 513 956 (21 823) -4,2%

Net Positive/ (Negative) 46 572 (82 242) (380 074) (513 956) 177 528

Net Profit / (Loss) 313 194 25 090 893 058 (157 184)

Summary Income Statement by Account Ability
Office Address:
Sovereign Drive, Route 21 “The most difficult thing is
Corporate Park
Accounting Office Hours the decision to act, the rest
8:00 to 13:00 is merely tenacity.”
Monday to Friday
Office Tel: 082 780 0059 – Amelia Earhart
Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff

8 • Issue 8 2024 • The Villager