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Note 11 - Other Comprehensive Income (Loss)

9 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

11. Other Comprehensive Income (Loss)

A summary of other comprehensive income and loss is provided below:

						Tax
		Before-Tax				(Expense)				Net-of-Tax
		Amount				or Benefit				Amount
Three Months Ended June 30, 2024
Interest rate swaps:
Unrealized gains		$	207,785			$	(53,484	)		$	154,301
Transfer of realized gains to interest expense			(476,053	)			122,535				(353,518	)
Net interest rate swaps			(268,268	)			69,051				(199,217	)
Defined benefit plans:
Amortization of net actuarial losses			16,015				(4,122	)			11,893
Other comprehensive loss		$	(252,253	)		$	64,929			$	(187,324	)
Three Months Ended June 30, 2023
Interest rate swaps:
Unrealized gains		$	1,111,338			$	(286,058	)		$	825,280
Transfer of realized gains to interest expense			(490,371	)			126,221				(364,150	)
Net interest rate swaps			620,967				(159,837	)			461,130
Defined benefit plans:
Amortization of net actuarial losses			19,703				(5,072	)			14,631
Other comprehensive income		$	640,670			$	(164,909	)		$	475,761

						Tax
		Before-Tax				(Expense)				Net-of-Tax
		Amount				or Benefit				Amount
Nine Months Ended June 30, 2024
Interest rate swaps:
Unrealized gains		$	174,113			$	(44,816	)		$	129,297
Transfer of realized gains to interest expense			(1,554,942	)			400,240				(1,154,702	)
Net interest rate swaps			(1,380,829	)			355,424				(1,025,405	)
Defined benefit plans:
Amortization of net actuarial losses			48,045				(12,366	)			35,679
Other comprehensive loss		$	(1,332,784	)		$	343,058			$	(989,726	)
Nine Months Ended June 30, 2023
Interest rate swaps:
Unrealized gains		$	894,741			$	(230,304	)		$	664,437
Transfer of realized gains to interest expense			(1,200,862	)			309,100				(891,762	)
Net interest rate swaps			(306,121	)			78,796				(227,325	)
Defined benefit plans:
Amortization of net actuarial losses			59,109				(15,216	)			43,893
Other comprehensive loss		$	(247,012	)		$	63,580			$	(183,432	)

The amortization of actuarial gains and losses, reflected in the preceding table, relate to the unregulated operations of the Company.  Actuarial gains and losses attributable to the regulated operations are included as a regulatory asset.  See Note 13 for a schedule of regulatory assets.  The amortization of actual gains and losses is recognized as a component of net periodic pension and postretirement benefit costs under other income, net in the condensed consolidated statements of income.

Reconciliation of Accumulated Other Comprehensive Income (Loss)

										Accumulated
										Other
		Interest Rate				Defined Benefit				Comprehensive
		Swaps				Plans				Income (Loss)
Balance at September 30, 2023		$	3,428,922			$	(1,175,633	)		$	2,253,289
Other comprehensive income (loss)			(1,025,405	)			35,679				(989,726	)
Balance at June 30, 2024		$	2,403,517			$	(1,139,954	)		$	1,263,563

X

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/220/tableOfContent

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