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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 10,564,534 $ 8,698,412
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 8,126,427 7,600,852
Cost of retirement of utility plant, net (544,696) (443,586)
Stock option grants 81,380 0
Equity in earnings of unconsolidated affiliate (4,814,874) (3,020,348)
Allowance for funds used during construction 330,208 0
Deferred income taxes 1,122,303 684,028
Other noncash items, net 1,837,089 488,202
Changes in assets and liabilities which provided (used) cash:    
Accounts receivable and customer deposits, net 53,213 (122,165)
Inventories and gas in storage 734,237 1,070,896
Regulatory and other assets (677,488) (156,799)
Accounts payable, customer credit balances and accrued expenses, net 659,276 (2,745,377)
Regulatory liabilities (3,987,290) 2,643,589
Total adjustments 2,259,369 5,999,292
Net cash provided by operating activities 12,823,903 14,697,704
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for utility property (22,916,339) (21,884,317)
Investment in unconsolidated affiliate (7,864,859) (20,965,907)
Proceeds from disposal of utility property 60,187 20,219
Net cash used in investing activities (30,721,011) (42,830,005)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under line-of-credit 24,341,134 33,735,144
Repayments under line-of-credit (23,370,002) (32,923,688)
Proceeds from issuance of unsecured notes 19,463,000 56,269,000
Retirement of notes payable 0 (24,000,000)
Debt issuance expenses (70,750) (93,104)
Proceeds from issuance of stock 1,802,639 1,746,661
Cash dividends paid (5,609,195) (5,217,775)
Net cash provided by financing activities 16,556,826 29,516,238
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,340,282) 1,383,937
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,631,348 247,411
CASH AND CASH EQUIVALENTS AT END OF YEAR 291,066 1,631,348
Cash paid during the year for:    
Interest 3,845,382 3,328,130
Income taxes $ 1,673,000 $ 2,287,000