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BASIS OF PRESENTATION AND ADJUSTMENTS
 9 Months Ended
Sep. 30, 2014
BASIS OF PRESENTATION AND ADJUSTMENTS [Abstract]  
BASIS OF PRESENTATION AND ADJUSTMENTS
NOTE 2 – BASIS OF PRESENTATION AND ADJUSTMENTS

Basis of Presentation

The unaudited condensed consolidated financial statements are presented in accordance with the requirements of Form 10-Q and consequently do not include all the disclosures required in the financial statements included in the Company's annual report on Form 10-K.  Accordingly, these financial statements and related notes should be read in conjunction with the financial statements and related notes in the Company's annual report on Form 10-K for fiscal year 2013 as filed with the Securities and Exchange Commission on March 14, 2014.

The condensed consolidated financial statements include the accounts of Artesian Resources Corporation and its wholly owned subsidiaries, including its principal operating company, Artesian Water.  In the opinion of the Company, the accompanying unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the Company's balance sheet position as of September 30, 2014, the results of operations for the three and nine month periods ended September 30, 2014 and 2013 and the cash flows for the nine month periods ended September 30, 2014 and 2013.

The results of operations for the interim periods presented are not necessarily indicative of the results for the full year or for future periods.

Adjustments

Periodically the Company adjusts personnel costs charged to overhead for capital projects based upon a review of job responsibilities.  Upon such a review, during the third quarter of 2014 an adjustment was made to capitalize payroll and benefits incurred from January 1, 2014 through June 30, 2014 for certain personnel.  The adjustment resulted in a $419,000 increase to Utility Plant and a decrease of $393,000 and $26,000 to Utility Operating Expenses and Property and Other Taxes, respectively, before the effect of income taxes.  The adjustment related to prior quarters of the current year but was made in the current quarter since operating results effects to such prior periods were immaterial.