Page 12 - IFV March Issue 2025

Estate News – Financials FEBRUARY

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – February 2025
Year to Date YTD Variance
Actual Budget Value %
Operational Income
Levy Income 1 440 903 1 440 902 17 223 534 17 223 518 16 0,0%
Other Income 58 980 30 000 675 148 521 150 153 998 29,5%

1 499 884 1 470 902 17 898 681 17 744 668 154 013 0,9%

Operational Expenditure
Professional /Administration 90 675 158 594 1 378 792 1 648 421 269 629 16,4%
Accounting and Auditing 52 059 48 207 656 144 656 772 628 0,1%
Insurance, Legal and Admin 38 616 110 387 722 648 991 649 269 001 27,1%

General Office 45 921 47 558 380 854 361 739 (19 115) -5,3%
Office Administration 45 921 47 558 380 854 361 739 (19 115) -5,3%

Operational Expenses 293 049 290 786 3 849 697 3 935 256 85 559 2,2%
Municipal Charges 68 380 62 678 848 031 752 128 (95 903) -12,8%
General Operations 20 538 18 108 437 562 431 170 (6 392) -1,5%
Salaries & Wages 204 132 210 000 2 564 104 2 751 958 187 854 6,8%

Security 650 674 615 699 7 116 888 6 834 894 (281 994) -4,1%
Security Operations 129 076 111 217 898 405 790 014 (108 391) -13,7%
Guarding Services 35 261 22 143 355 639 241 103 (114 536) -47,5%
Insurance Claims and Excess 486 337 482 339 5 862 845 5 803 777 (59 068) -1,0%

Repairs & Maintenance 243 088 334 521 2 938 334 3 161 816 223 482 7,1%
Repairs & Maintenance 60 900 152 334 786 779 1 010 261 223 482 22,1%
Park Maintenance Contract 182 188 182 187 2 151 555 2 151 555 (0) 0,0%

1 323 408 1 447 158 15 664 565 15 942 126 277 561 1,7%

Operating Profit / (Loss) 176 476 23 744 2 234 116 1 802 542

Non-Recurring Revenue 87 055 0 365 151 223 425 141 726 63,4%
Estate Penalties 2 600 0 119 483 56 511 62 972 111,4%
Speed Infringements (Net) 59 460 0 130 199 68 301 61 898 90,6%
Other Revenue 24 995 0 115 468 98 613 16 855 17,1%

Non-Recurring Expenses 252 764 233 119 1 940 510 1 415 599 (524 911) -37,1%

Net Positive/ (Negative) (165 709) (233 119) (1 575 360) (1 192 174) 666 637

Net Profit / (Loss) 10 767 (209 375) 658 756 610 368

Summary Income Statement by Account Ability
“Try not to become a man of Office Address:
Sovereign Drive, Route 21 Corporate Park
success, but rather try to become Accounting Office Hours:
a man of value” 8:00 to 13:00 Monday to Friday
Office Tel: 082 780 0059
– Albert Einstein Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff

10 • March 2025 • The Villager