Page 10 - IFV June Issue 2025

Estate News – Financials APRIL

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – April 2025
April 2025 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 504 303 1 504 303 2 945 207 2 945 206 1 0,0%
Other Income 49 736 40 500 142 671 81 000 61 671 76,1%

1 554 040 1 544 803 3 087 877 3 026 206 61 671 2,0%

Operational Expenditure
Professional /Administration 12 206 142 436 187 326 284 872 97 547 34,2%
Accounting and Auditing (28 422) 57 117 97 376 114 234 16 858 14,8%
Insurance, Legal and Admin 40 628 85 319 89 950 170 638 80 688 47,3%

General Office 24 328 32 272 56 601 64 544 7 943 12,3%
Office Administration 24 328 32 272 56 601 64 544 7 943 12,3%

Operational Expenses 262 217 327 970 516 230 655 940 139 710 21,3%
Municipal Charges 82 779 72 499 167 595 144 998 (22 597) -15,6%
General Operations 31 541 39 271 42 684 78 542 35 858 45,7%
Salaries & Wages 147 897 216 200 305 951 432 400 126 449 29,2%

Security 130 630 605 259 739 212 1 210 518 471 306 38,9%
Security Operations 121 996 108 565 254 632 217 130 (37 502) -17,3%
Guarding Services 6 729 496 694 482 676 993 388 510 712 51,4%
Insurance Claims and Excess 1 905 0 1 905 0 (1 905) 100,0%

Repairs & Maintenance 261 082 275 123 494 677 550 246 55 569 10,1%
Repairs & Maintenance 260 597 268 811 489 724 537 622 47 898 8,9%
Park Maintenance Contract 484 6 312 4 954 12 624 7 670 60,8%

690 462 1 383 060 1 994 046 2 766 120 772 074 27,9%

Operating Surplus / (Deficit ) 863 578 161 743 1 093 831 260 086

Non-Recurring Income 19 279 0 56 150 0 56 150 100,0%
Estate Penalties 3 900 0 6 750 0 6 750 100,0%
Speed Infringements (Net) 15 379 0 43 500 0 43 500 100,0%
Other Revenue 0 0 5 900 0 5 900 100,0%

Non-Recurring Expenses 29 578 280 000 70 156 320 000 249 844 78,1%

Net Positive/ (Negative) (10 299) (280 000) (14 006) (320 000) (193 694)

Net Surplus / (Deficit ) 853 279 (118 257) 1 079 825 (59 914)

Summary Income Statement by Account Ability
“Money is only a tool. It will take Office Address:
Sovereign Drive, Route 21 Corporate Park
you wherever you wish, but it will Accounting Office Hours:
not replace you as the driver.” 8:00 to 13:00 Monday to Friday
Office Tel: 082 780 0059
– Ayn Rand Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff

8 • June 2025 • The Villager