Page 10 - IFV September Issue 2024

Estate News – Financials JULY

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – July 2024
JULY 2024 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 440 903 1 440 902 7 137 210 7 137 204 6 0,0%
Other Income 81 880 42 690 291 764 213 450 78 314 36,7%

1 522 784 1 483 592 7 428 974 7 350 654 78 320 1,1%

Operational Expenditure
Professional /Administration 155 820 167 311 574 994 836 555 261 561 31,3%
Accounting and Auditing 48 207 54 663 243 208 273 315 30 107 11,0%
Insurance, Legal and Admin 107 613 112 648 331 786 563 240 231 454 41,1%

General Office 24 413 29 368 141 454 144 136 2 682 1,9%
Office Administration 24 413 29 368 141 454 144 136 2 682 1,9%

Operational Expenses 297 465 313 487 1 455 259 1 572 685 117 426 7,5%
Municipal Charges 60 918 64 644 312 718 323 220 10 502 3,2%
General Operations 35 052 31 263 109 863 161 569 51 706 32,0%
Salaries & Wages 201 494 217 580 1 032 678 1 087 896 55 218 5,1%

Security 501 567 610 120 2 527 409 3 047 252 519 843 17,1%
Security Operations 64 639 99 675 338 475 495 027 156 552 31,6%
Guarding Services 436 927 508 195 2 381 993 2 540 975 158 982 6,3%
Insurance Claims and Excess 0 2 250 (193 059) 11 250 204 309 1816,1%

Repairs & Maintenance 217 257 266 162 1 140 733 1 296 110 155 377 12,0%
Repairs & Maintenance 35 068 83 974 264 495 419 870 155 375 37,0%
Park Maintenance Contract 182 188 182 188 876 238 876 240 2 0,0%

1 196 521 1 386 448 5 839 850 6 896 738 1 056 888 15,3%

Operating Profit / (Loss) 326 263 97 144 1 589 124 453 916

Non-Recurring Revenue 4 387 0 63 544 0 63 544 100,0%
Estate Penalties 4 417 0 41 683 0 41 683 100,0%
Speed Infringements (Net) 12 500 0 26 636 0 26 636 100,0%
Other Revenue (12 530) 0 (4 775) 0 (4 775) 100,0%

Non-Recurring Expenses 31 339 82 238 576 162 596 194 20 032 3,4%

Net Positive/ (Negative) (26 952) (82 238) (512 618) (596 194) 43 512

Net Profit / (Loss) 299 310 14 906 1 076 507 (142 278)

Summary Income Statement by Account Ability
Office Address:
Sovereign Drive, Route 21 “As sure as the spring will follow
Corporate Park
Accounting Office Hours winter, prosperity and economic
8:00 to 13:00 growth will follow recession.”
Monday to Friday
Office Tel: 082 780 0059 – Robert Foster Bennett
Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff

8 • Issue 9 2024 • The Villager