Page 10 - IFV Issue 7 August 2025

Estate News – Financials JUNE

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Operational Income Statement – YTD June 2025
YTD Variance
Actual Budget Value %

Levy Income 5 953 813 5 971 812 (17 999) -0,3%
Other Income 265 683 14 000 251 683 1797,7%
Investment income 184 333 130 000 54 333 41,8%

Operational Income 6 403 830 6 115 812 288 018 4,7%

Professional /Administration 428 210 569 744 141 534 24,8%
Accounting and Auditing 207 700 228 468 20 768 9,1%
Insurance, Legal and Admin 220 510 341 276 120 766 35,4%

General Office 118 767 130 678 11 911 9,1%
Office Administration 118 767 130 678 11 911 9,1%

Operational Expenses 1 063 552 1 311 880 248 328 18,9%
Municipal Charges 326 348 289 996 (36 352) -12,5%
General Operations 83 918 157 084 73 166 46,6%
Salaries & Wages 653 286 864 800 211 514 24,5%

Security 2 438 602 2 421 036 (17 566) -0,7%
Security Operations 2 438 602 2 421 036 (17 566) -0,7%

Repairs & Maintenance 1 052 579 1 100 492 47 913 4,4%
Repairs & Maintenance 323 826 371 740 47 914 12,9%
Park Maintenance Contract 728 753 728 752 (1) 0,0%

Operational Expenditure 5 101 710 5 533 830 432 120 7,8%

Operating Surplus 1 302 120 581 982 720 138 123,7%

Non-Recurring Expenses 121 392 1 455 000 1 333 608 91,7%
IT projects 10 363 80 000 73 166 91,5%
Environmental projects 40 873 375 000 95 827 25,6%
Security projects 70 156 0 47 913 100,0%
Development projects - 1 000 000 (17 566) -1,8%

Net Surplus/ (deficit) 1 180 728 (873 018) 2 053 746 -235,25%

Summary Income Statement by Account Ability
Office Address:
“If you change your mind, you Sovereign Drive, Route 21 Corporate Park
can change your life.” Accounting Office Hours:
8:00 to 13:00 Monday to Friday
– William James Office Tel: 082 780 0059
Accounts Email: accounts@aams.co.za
IFV Accounts: Winny Boshoff

8 • August 2025 • The Villager