Out Of The Cold Centre County

During the fiscal year, out of the cold renovated their shelter at 318 south atherton street in the amount of $532,751. These renovation expenses were capitalized on the balance sheet, which resulted in the statement of revenues and expenses showing a large profit. This profit does not accurately reflect the cash operations of out of the cold during the fiscal year, so it is advised to refer to the statement of cash flows in the financial statements for a more accurate scope of operations.