Page 10 - IFV November Issue 2025

Estate News – Financials SEPTEMBER

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Operational Income Statement – YTD September 2025
September 2025 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 504 303 1 504 303 10 466 723 10 466 721 2 0,0%
Other Income 78 284 40 500 462 612 283 500 179 112 63,2%
1 582 587 1 544 803 10 929 335 10 750 221 179 114 1,7%

Operational Expenditure
Professional /Administration 96 409 142 436 978 036 1 012 052 34 016 3,4%
Accounting and Auditing 52 926 57 117 436 927 399 819 (37 108) -9,3%
Insurance, Legal and Admin 43 483 85 319 541 109 612 233 71 124 11,6%

General Office 20 162 33 067 209 694 229 879 20 185 8,8%
Office Administration 20 162 33 067 209 694 229 879 20 185 8,8%
Operational Expenses 267 946 331 594 1 953 247 2 306 662 353 415 15,3%
Municipal Charges 81 311 76 123 521 135 518 365 (2 770) -0,5%
General Operations 22 140 39 271 178 331 274 897 96 566 35,1%
Salaries & Wages 164 496 216 200 1 253 781 1 513 400 259 619 17,2%

Security 625 669 605 259 4 392 734 4 236 813 (155 921) -3,7%
Security Operations 128 971 108 565 943 877 759 955 (183 922) -24,2%
Guarding Services 496 698 496 694 3 446 953 3 476 858 29 905 0,9%
Insurance Claims and Excess 0 0 1 905 0 (1 905) 100,0%

Repairs & Maintenance 207 440 275 123 1 803 309 1 925 861 122 552 6,4%
Repairs & Maintenance 206 926 268 811 1 795 788 1 881 677 85 889 4,6%
Park Maintenance Contract 514 6 312 7 521 44 184 36 663 83,0%

1 217 625 1 387 479 9 337 021 9 711 267 374 246 3,9%

Operating Surplus / (Deficit ) 364 962 157 324 1 592 315 1 038 954

Non-Recurring Income 44 747 0 270 840 0 270 840 100,0%
Estate Penalties 5 450 0 156 650 0 156 650 100,0%
Speed Infringements (Net) 5 937 0 98 188 0 98 188 100,0%
Other Revenue 33 360 0 16 002 0 16 002 100,0%

Non-Recurring Expenses 44 275 0 294 099 1 570 000 1 275 901 81,3%

Net Positive/ (Negative) 472 0 (23 259) (1 570 000) (1 005 061)

Net Surplus / (Deficit ) 365 434 157 324 1 569 055 (531 046)

“Believe in yourself and all
Summary Income Statement by Account Ability
Office Address: Sovereign Drive, Route 21 Corporate Park that you are. Know that there
Accounting Office Hours: 8:00 to 13:00 Monday to Friday is something inside you that is
Office Tel: 082 780 0059
Accounts Email: accounts@aams.co.za greater than any obstacle.”
IFV Accounts: Winny Boshoff
– Christian D. Larson

8 • November 2025 • The Villager