Page 10 - IFV Issue 5 July 2025

Estate News – Financials MAy

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Income Statement – May 2025
May 2025 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 504 303 1 504 303 4 449 510 4 449 509 1 0,0%
Other Income 54 853 40 500 199 524 121 500 78 024 64,2%

1 559 156 1 544 803 4 649 034 4 571 009 78 025 1,7%

Operational Expenditure
Professional /Administration 104 994 142 436 305 832 427 308 121 476 28,4%
Accounting and Auditing 52 926 57 117 150 301 171 351 21 050 12,3%
Insurance, Legal and Admin 52 068 85 319 155 531 255 957 100 426 39,2%

General Office 31 519 33 067 88 670 97 611 8 941 9,2%
Office Administration 31 519 33 067 88 670 97 611 8 941 9,2%

Operational Expenses 264 225 327 970 780 455 983 910 203 455 20,7%
Municipal Charges 68 087 72 499 235 682 217 497 (18 185) -8,4%
General Operations 22 717 39 271 65 401 117 813 52 412 44,5%
Salaries & Wages 173 422 216 200 479 372 648 600 169 228 26,1%

Security 599 512 605 259 1 813 150 1 815 777 2 627 0,1%
Security Operations 111 509 108 565 366 141 325 695 (40 446) -12,4%
Guarding Services 488 003 496 694 1 445 105 1 490 082 44 977 3,0%
Insurance Claims and Excess 0 0 1 905 0 (1 905) 100,0%

Repairs & Maintenance 263 207 275 123 757 885 825 369 67 484 8,2%
Repairs & Maintenance 262 694 268 811 752 417 806 433 54 016 6,7%
Park Maintenance Contract 514 6 312 5 467 18 936 13 469 71,1%

1 263 457 1 383 855 3 745 992 4 149 975 403 983 9,7%

Operating Surplus / (Deficit ) 295 699 160 948 903 042 421 034

Non-Recurring Income 43 355 0 121 062 0 121 062 100,0%
Estate Penalties 29 800 0 78 550 0 78 550 100,0%
Speed Infringements (Net) 16 595 0 45 177 0 45 177 100,0%
Other Revenue (3 040) 0 (2 665) 0 (2 665) 100,0%

Non-Recurring Expenses 0 635 000 70 156 955 000 884 844 92,7%

Net Positive/ (Negative) 43 355 (635 000) 50 906 (955 000) (763 782)

Net Surplus / (Deficit ) 339 054 (474 052) 953 948 (533 966)

Summary Income Statement by Account Ability
“Wealth is not about having Office Address:
Sovereign Drive, Route 21 Corporate Park
a lot of money; it’s about Accounting Office Hours:
having a lot of options.” 8:00 to 13:00 Monday to Friday
Office Tel: 082 780 0059
– Chris Rock Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff

8 • July 2025 • The Villager