Page 12 - IFV Jan Feb Issue 2025

Estate News – Financials DECEMBER

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – December 2024
Year to Date YTD Variance
Actual Budget Value %
Irene Farm Villages Levy Income 14 755 134 14 522 910 232 224 1,6%
operational Other Income 250 406 293 087 (42 681) -14,6%
expenses YTD Investment income 428 041 373 323 54 718 14,7%
Dec 24 for Operational Income 15 433 581 15 189 320 244 261 1,6%
10 months amount-
ed to R12,6m which Professional /Administration 1 188 495 1 316 233 127 738 9,7%
4 480
0,8%
security, salary Accounting and Auditing 555 878 560 358 123 258 16,3%
755 875
632 617
Insurance, Legal and Admin
and wages, parks
maintenance and General Office 291 712 284 623 (7 089) -2,5%
municipal charges Office Administration 291 712 284 623 (7 089) -2,5%
contributing to 80% Operational Expenses 3 261 099 3 353 684 92 585 2,8%
of operational Municipal Charges 711 773 626 772 (85 001) -13,6%
expenses. General Operations 392 511 394 954 2 443 0,6%
Salaries & Wages 2 156 815 2 331 958 175 143 7,5%

Non-recurring Security 5 374 899 5 766 527 391 628 6,8%
expenses YTD for Security Operations 711 466 730 611 19 145 2,6%
10 months amount- Guarding Services 4 663 432 5 035 916 372 484 7,4%
ed to R1,6m which Repairs & Maintenance 2 467 147 2 470 682 3 535 0,1%
include projects for Repairs & Maintenance 679 967 683 502 3 535 0,5%
information Park Maintenance Contract 1 787 179 1 787 180 1 0,0%
technology,
communication, Operational Expenditure 12 583 352 13 191 749 608 397 4,6%
security, environ- Operating Profit 2 850 229 1 997 571 852 658 42,7%
mental and
operational. Non-Recurring Expenses 1 632 726 1 082 480 (550 246) -50,8%
Net Profit 1 217 502 915 091 302 411 33,05%

Summary Income Statement by Account Ability
Office Address: Sovereign Drive, Route 21 Corporate Park Accounting Office Hours 8:00 to 13:00 Monday to Friday
Office Tel: 082 780 0059 Accounts Email: accounts@aams.co.za IFV Accounts: Winny Boshoff

10 • Jan / Feb 2025 • The Villager