v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 6,072,979 $ 5,661,305
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,793,270 4,245,223
Cost of removal of utility plant, net (236,292) (291,620)
Stock option grants 73,780 64,640
Equity in earnings of unconsolidated affiliate (289,791) (95,945)
Changes in assets and liabilities which used cash, exclusive of changes and noncash transactions shown separately 5,337,120 5,951,846
Net cash provided by operating activities 15,751,066 15,535,449
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to utility plant and nonutility property (16,451,865) (12,558,509)
Investment in unconsolidated affiliate (1,803,100) (2,272,576)
Proceeds from disposal of equipment 13,971 543
Net cash used in investing activities (18,240,994) (14,830,542)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of notes payable 8,924,000 2,596,200
Borrowings under line-of-credit agreement 31,170,307 26,452,983
Repayments under line-of-credit agreement (35,210,666) (27,666,149)
Debt issuance expenses (16,675) (101,619)
Proceeds from issuance of stock (49,101 and 54,255 shares, respectively) 810,689 774,175
Cash dividends paid (3,067,163) (2,840,898)
Net cash provided by (used in) financing activities 2,610,492 (785,308)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 120,564 (80,401)
BEGINNING CASH AND CASH EQUIVALENTS 643,252 985,234
ENDING CASH AND CASH EQUIVALENTS 763,816 904,833
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 1,598,629 1,435,553
Income taxes paid $ 51,000 $ 181,000