Page 9 - IFV Issue 8 August 2026

Financials

IRENE FARM VILLAGES HOME OWNERS ASSOCIATION
Summary Operational Income Statement – YTD June 2026
June 2026 Year to Date YTD Variance
Actual Budget Actual Budget Value %
Operational Income
Levy Income 1 571 997 1 571 997 6 220 294 6 220 294 0 0,0%
Other Income 89 775 40 500 246 380 162 000 84 380 52,1%

1 661 772 1 612 497 6 466 674 6 382 294 84 380 1,3%

Operational Expenditure
Professional /Administration 138 295 124 333 355 709 524 832 169 123 32,2%
Accounting and Auditing 52 685 57 892 213 784 219 068 5 284 2,4%
Insurance, Legal and Admin 85 610 66 441 141 925 305 764 163 839 53,6%

General Office 48 651 39 870 152 189 159 480 7 291 4,6%
Office Administration 48 651 39 870 152 189 159 480 7 291 4,6%

Operational Expenses 290 875 341 787 1 278 577 1 367 148 88 571 6,5%
Municipal Charges 49 077 76 869 285 412 307 476 22 064 7,2%
General Operations 19 973 47 253 103 020 189 012 85 992 45,5%
Staff Expenses 221 825 217 665 890 145 870 660 (19 485) -2,2%

Security 622 247 656 096 2 540 214 2 624 384 84 170 3,2%
Security Operations 99 540 124 619 454 255 498 476 44 222 8,9%
Guarding Services 522 706 531 477 2 085 959 2 125 908 39 949 1,9%

Repairs & Maintenance 214 027 327 650 871 436 1 310 600 439 164 33,5%
Repairs & Maintenance 31 838 145 462 142 683 581 848 439 165 75,5%
Park Maintenance Contract 182 188 182 188 728 753 728 752 (1) 0,0%

Subsidence Management 0 0 0 14 260 14 260 100,0%

1 314 094 1 489 736 5 198 125 6 000 704 802 579 13,4%

Operating Surplus / (Deficit ) 347 678 122 761 1 268 549 381 590

Non-Recurring Income 35 562 0 297 904 0 297 904 100,0%
Estate Penalties 6 125 0 13 700 0 13 700 100,0%
Speed Infringements (Net) 23 461 0 67 662 0 67 662 100,0%
Other Revenue 5 976 0 216 542 0 216 542 100,0%

Non-Recurring Expenses 53 191 64 800 1 162 855 239 800 (923 055) -384,9%

Net Positive/ (Negative) (17 629) (64 800) (864 950) (239 800) 1 220 959

Net Surplus / (Deficit ) 330 050 57 961 403 599 141 790

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

The Villager • August 2026 • 7