Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Jun. 30, 2019

Accumulated Other Comprehensive Loss

Schedule of changes in accumulated other comprehensive loss

	June 30, 2019		June 30, 2018
Accumulated pension actuarial loss	$	(4,028,780)	$	(2,807,509)
Deferred taxes related to accumulated pension actuarial loss		1,522,485		1,522,485
Unrealized net gain (loss) on securities available for sale		202,555		(433,039)
Deferred taxes related to unrealized net gain  on securities available for sale		(544,625)		(489,513)
Total accumulated other comprehensive loss	$	(2,848,365)	$	(2,207,576)

Schedule of accumulated other comprehensive loss

	Available for		Defined Benefit
	Sale Securities		Pension Plan		Total
Balance, October 1, 2017	$	(681,872)	$	(1,385,765)	$	(2,067,637)
Other comprehensive (loss) income before reclassifications, net of tax		(454,903)		643,957		189,054
Amounts reclassified from other comprehensive loss, net of tax		—		125,330		125,330	*
Net current period other comprehensive (loss) income		(454,903)		769,287		314,384
Amounts reclassified from the adoption of ASU 2018-02		(454,323)		—		(454,323)
Balance, June 30, 2018		(1,591,098)		(616,478)		(2,207,576)
Other comprehensive (loss) income before reclassifications, net of tax		580,482		(1,343,261)		(762,779)
Amounts reclassified from other comprehensive loss, net of tax		—		121,990		121,990	*
Net current period other comprehensive (loss) income		580,482		(1,221,271)		(640,789)
Balance, June 30, 2019	$	(1,010,616)	$	(1,837,749)	$	(2,848,365)

*   These amounts are included in the computation of net periodic pension income.

See Note 15, Defined Benefit Pension Plan, for additional details.