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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Jun. 30, 2015
Current Assets    
Cash and cash equivalents $ 8,984,752 $ 16,924,278
Accounts receivable, less accumulated allowances for doubtful accounts of $154,000 and $258,000, respectively 8,774,078 5,760,550
Natural gas in storage, at average cost 6,004,070 4,634,162
Deferred natural gas costs 1,097,193 0
Materials and supplies, at average cost 482,274 543,563
Prepayments 3,400,481 3,347,187
Total current assets 28,742,848 31,209,740
Property, Plant and Equipment 239,601,638 236,780,490
Less - Accumulated provision for depreciation (101,539,656) (98,741,351)
Net property, plant and equipment 138,061,982 138,039,139
Other Assets    
Cash surrender value of life insurance 411,871 421,183
Prepaid pension 2,239,980 2,145,969
Regulatory assets 15,163,052 14,917,823
Unamortized debt expense 80,404 83,704
Other non-current assets 1,002,034 977,312
Total other assets 18,897,341 18,545,991
Total assets 185,702,171 187,794,870
Current Liabilities    
Accounts payable 4,422,208 5,426,395
Current portion of long-term debt 1,500,000 1,500,000
Accrued taxes 2,197,701 1,472,401
Customers' deposits 723,962 600,788
Accrued interest on debt 112,206 112,296
Accrued vacation 654,562 749,031
Deferred income taxes 427,583 140,929
Regulatory liability - refundable natural gas cost 0 756
Other current liabilities 539,285 610,238
Total current liabilities 10,577,507 10,612,834
Long-Term Debt 50,500,000 52,000,000
Long-Term Liabilities    
Deferred income taxes 42,505,200 41,989,138
Regulatory liabilities 1,133,303 1,137,758
Asset retirement obligations 3,928,795 3,795,590
Other long-term liabilities 1,051,798 1,037,896
Total long-term liabilities 48,619,096 47,960,382
Total liabilities 109,696,603 110,573,216
Shareholders' Equity    
Common shares ($1.00 par value), 20,000,000 shares authorized; 7,074,380 and 7,026,500 shares outstanding at December 31, 2015 and June 30, 2015, respectively 7,074,380 7,026,500
Premium on common shares 49,100,919 48,735,608
Retained earnings 19,830,269 21,459,546
Total shareholders' equity 76,005,568 77,221,654
Total liabilities and shareholders' equity $ 185,702,171 $ 187,794,870