Page 10 - IFV Issue 1 January 2026
P. 10
Financials
IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Operational Income Statement – YTD December 2025
December 2025 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 504 303 1 504 303 14 979 633 14 979 630 3 0,0%
Other Income 81 031 40 500 656 100 405 000 251 100 62,0%
1 585 335 1 544 803 15 635 733 15 384 630 251 103 1,6%
Operational Expenditure
Professional /Administration 122 089 143 986 1 402 861 1 447 460 44 599 3,1%
Accounting and Auditing 50 614 57 117 590 858 571 170 (19 688) -3,4%
Insurance, Legal and Admin 71 474 86 869 812 003 876 290 64 287 7,3%
General Office 21 248 33 067 290 592 329 080 38 488 11,7%
Office Administration 21 248 33 067 290 592 329 080 38 488 11,7%
Operational Expenses 535 039 541 594 3 168 611 3 511 444 342 833 9,8%
Municipal Charges 107 841 76 123 751 135 746 734 (4 401) -0,6%
General Operations 110 477 39 271 433 325 392 710 (40 615) -10,3%
Salaries & Wages 316 721 426 200 1 984 150 2 372 000 387 850 16,4%
Security 563 304 605 259 6 269 853 6 052 590 (217 263) -3,6%
Security Operations 88 879 108 565 1 293 339 1 085 650 (207 689) -19,1%
Guarding Services 474 426 496 694 4 889 596 4 966 940 77 344 1,6%
Insurance Claims and Excess 0 0 86 918 0 (86 918) 100,0%
Repairs & Maintenance 220 005 275 123 2 585 073 2 751 230 166 157 6,0%
Repairs & Maintenance 219 425 268 811 2 569 765 2 688 110 118 345 4,4%
Park Maintenance Contract 580 6 312 15 308 63 120 47 812 75,7%
1 461 684 1 599 029 13 716 989 14 091 804 374 815 2,7%
Operating Surplus / (Deficit ) 123 650 (54 226) 1 918 743 1 292 826
Non-Recurring Income 59 893 0 303 527 0 303 527 100,0%
Estate Penalties 1 975 0 63 450 0 63 450 100,0%
Speed Infringements (Net) 18 563 0 187 753 0 187 753 100,0%
Other Revenue 39 355 0 52 324 0 52 324 100,0%
Non-Recurring Expenses 35 156 0 331 487 1 570 000 1 238 513 78,9%
Net Positive/ (Negative) 24 736 0 (27 959) (1 570 000) (934 986)
Net Surplus / (Deficit ) 148 386 (54 226) 1 890 784 (277 174)
Summary Income Statement by Account Ability Office Tel: 082 780 0059
Office Address: Sovereign Drive, Route 21 Corporate Park Accounts Email: accounts@aams.co.za
Accounting Office Hours: 8:00 to 13:00 Monday to Friday IFV Accounts: Winny Boshoff
8 • January/February 2026 • The Villager
