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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 11,463,382 $ 9,598,291
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,523,841 4,954,167
Cost of retirement of utility property, net (292,647) (421,677)
Amortization of stock option grants 42,920 21,560
Equity in earnings of unconsolidated affiliate (2,697,219) (4,099)
Allowance for funds used during construction 0 (198,308)
Changes in assets and liabilities which used cash, exclusive of changes and noncash transactions shown separately (2,838,275) 3,015,408
Net cash provided by operating activities 11,202,002 16,965,342
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for utility property (11,279,097) (12,851,877)
Investment in unconsolidated affiliates (3,381) (1,499,337)
Proceeds from disposal of utility property 1,730 1,075
Net cash used in investing activities (11,280,748) (14,350,139)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of unsecured notes 275,000 1,103,800
Repayments of notes payable (1,050,000) (250,002)
Borrowings under line-of-credit 25,862,523 25,159,450
Repayments under line-of-credit (23,633,915) (25,159,450)
Debt issuance expenses (33,268) (13,875)
Proceeds from issuance of stock (3,176,237) (2,144,619)
Cash dividends paid (4,011,079) (3,872,686)
Net cash provided by (used in) financing activities 585,498 (888,144)
NET INCREASE IN CASH AND CASH EQUIVALENTS 506,752 1,727,059
BEGINNING CASH AND CASH EQUIVALENTS 1,512,431 4,898,914
ENDING CASH AND CASH EQUIVALENTS $ 2,019,183 $ 6,625,973