Page 10 - IFV May Issue 2025

Estate News – Financials MARCH

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – March 2025
March 2025 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 440 903 1 440 903 1 440 903 1 440 903 0 0,0%
Other Income 88 934 40 500 88 934 40 500 48 434 119,6%

1 529 838 1 481 403 1 529 838 1 481 403 48 435 3,3%

Operational Expenditure
Professional /Administration 163 119 142 436 163 119 142 436 (20 683) -14,5%
Accounting and Auditing 125 798 57 117 125 798 57 117 (68 681) -120,2%
Insurance, Legal and Admin 37 321 85 319 37 321 85 319 47 998 56,3%

General Office 28 203 32 272 28 203 32 272 4 069 12,6%
Office Administration 28 203 32 272 28 203 32 272 4 069 12,6%

Operational Expenses 241 478 327 970 241 478 327 970 86 492 26,4%
Municipal Charges 84 816 72 499 84 816 72 499 (12 317) -17,0%
General Operations 11 144 39 271 11 144 39 271 28 127 71,6%
Salaries & Wages 145 518 216 200 145 518 216 200 70 682 32,7%

Security 582 883 605 259 582 883 605 259 22 376 3,7%
Security Operations 113 316 108 565 113 316 108 565 (4 751) -4,4%
Guarding Services 469 568 496 694 469 568 496 694 27 126 5,5%
Insurance Claims and Excess 0 0 0 0 0 100,0%

Repairs & Maintenance 227 715 275 123 227 715 275 123 47 408 17,2%
Repairs & Maintenance 227 231 268 811 227 231 268 811 41 580 15,5%
Park Maintenance Contract 484 6 312 484 6 312 5 828 92,3%

1 243 398 1 383 060 1 243 398 1 383 060 139 662 10,1%

Operating Profit / (Loss) 286 439 98 343 286 439 98 343

Non-Recurring Revenue 21 142 0 23 250 0 23 250 100,0%
Estate Penalties 2 850 0 2 850 0 2 850 100,0%
Speed Infringements (Net) 12 392 0 14 500 0 14 500 100,0%
Other Revenue 5 900 0 5 900 0 5 900 100,0%

Non-Recurring Expenses 40 578 40 000 40 578 40 000 (578) -1,4%

Net Positive/ (Negative) (19 436) (40 000) (17 328) (40 000) 23 828

Net Profit / (Loss) 267 003 58 343 269 111 58 343

Summary Income Statement by Account Ability
“Formal education will make you Office Address:
Sovereign Drive, Route 21 Corporate Park
a living; self-education will make Accounting Office Hours:
you a fortune.” 8:00 to 13:00 Monday to Friday
Office Tel: 082 780 0059
– Jim Rohn Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff

8 • May 2025 • The Villager