Note 4 — Inventories

Inventories comprise the following:



	March 31, 2016		September 30, 2015		March 31, 2015
Gas Utility natural gas	$	3,786	$	37,510	$	6,260
Materials, supplies and other	12,899		14,206		13,273
Total inventories	$	16,685	$	51,716	$	19,533

At March 31, 2016, UGI Utilities was a party to two principal storage contract administrative agreements (“SCAAs”) having terms of three years. One of the SCAAs was with UGI Energy Services, LLC (“Energy Services”), a second-tier, wholly owned subsidiary of UGI (see Note 12) and one of the SCAAs was with a non-affiliate. Pursuant to SCAAs, UGI Utilities has, among other things, released certain storage and transportation contracts for the terms of the SCAAs. UGI Utilities also transferred certain associated storage inventories upon commencement of the SCAAs, will receive a transfer of storage inventories at the end of the SCAAs, and makes payments associated with refilling storage inventories during the terms of the SCAAs. The historical cost of natural gas storage inventories released under the SCAAs, which represents a portion of Gas Utility’s total natural gas storage inventories, and any exchange receivable (representing amounts of natural gas inventories used by the other parties to the agreement but not yet replenished for which UGI Utilities has the rights), are included in the caption “Gas Utility natural gas” in the table above.

The carrying value of gas storage inventories released under the SCAAs at March 31, 2016, September 30, 2015 and March 31, 2015, comprising 1.1 billion cubic feet (“bcf”), 9.0 bcf and 1.0 bcf of natural gas, was $2,593, $22,694 and $4,082, respectively. At March 31, 2016, September 30, 2015 and March 31, 2015, UGI Utilities held a total of $15,100, $17,700 and $17,700, respectively, of security deposits from its SCAA counterparties. These amounts are included in other current liabilities on the Condensed Consolidated Balance Sheets.

For additional information related to the SCAAs with Energy Services, see Note 12.