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Employee Benefits (Tables) | 12 Months Ended
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Jun. 30, 2023
Retirement Benefits [Abstract] |
Plan's Funded Status and Pension Cost | The Company uses a June 30 measurement date for the plan. Information about the plan’s funded status and pension cost follows:
|  | 2023 |  |  | 2022 |
Change in benefit obligation |  |  |  |  |  |  |  |
Beginning of year |  | $ | 2,620 |  |  | $ | 3,065 |
Service cost |  |  | 43 |  |  |  | 48 |
Interest cost |  |  | 102 |  |  |  | 79 |
Actuarial gain (loss) |  |  | (210 | ) |  |  | (449 | )
Benefits paid |  |  | (124 | ) |  |  | (123 | )
End of year |  | $ | 2,431 |  |  | $ | 2,620 |
Significant Balances, Costs and Assumptions | Significant balances, costs and assumptions are:
|  | Postretirement Plan |
|  | 2023 |  |  | 2022 |
Benefit obligation |  | $ | 2,431 |  |  | $ | 2,620 |
Fair value of plan assets |  |  | — |  |  |  | — |
Funded status |  | $ | (2,431 | ) |  | $ | (2,620 | )
Accumulated benefit obligation |  | $ | 2,431 |  |  | $ | 2,620 |
Summary of Accrued postretirement benefit obligations recognized in Balance sheet | Amounts recognized in the consolidated balance sheets:
Accrued postretirement benefit obligation |  | $ | 2,431 |  |  | $ | 2,620 |
Net Periodic Benefit Cost | Components of net periodic benefit cost:
|  | 2023 |  |  | 2022 |
Service cost |  | $ | 43 |  |  | $ | 48 |
Interest cost |  |  | 102 |  |  |  | 79 |
Amortization of Loss |  |  | — |  |  |  | 27 |
|  | $ | 145 |  |  | $ | 154 |
Accumulated Other Comprehensive Income (Loss) Not Yet Recognized | Amounts recognized in accumulated other comprehensive income (loss) not yet recognized as components of net periodic benefit cost consist of:
|  | 2023 |  |  | 2022 |
Net income (loss) |  | $ | (153 | ) |  | $ | 57 |
Other Significant Balances and Costs | Other significant balances and costs are:
|  | 2023 |  |  | 2022 |
Employer contribution |  | $ | 124 |  |  | $ | 124 |
Benefits paid |  |  | 124 |  |  |  | 123 |
Benefit costs |  |  | 145 |  |  |  | 154 |
One-percentage-Point Change in Assumed Health Care Cost Trend Rates | A one-percentage-point change in assumed health care cost trend rates would have the following effects:
|  | One- Percentage- Point Increase |  |  | One- Percentage- Point Decrease |
Effect on total of service and interest cost components |  | $ | 4 |  |  | $ | (4 | )
Effect on postretirement benefit obligation |  |  | 27 |  |  |  | (25 | )
Postretirement Plan Benefit Payments Expected Future Service | The following postretirement plan benefit payments, which reflect expected future service, as appropriate, are expected to be paid as of June 30, 2023:
2024 |  | $ | 138,415 |
2025 |  |  | 157,528 |
2026 |  |  | 186,489 |
2027 |  |  | 195,695 |
2028 |  |  | 206,541 |
2029-2033 |  |  | 949,153 |
Benefit Payments Expected to be Paid for Agreements | The following benefit payments are expected to be paid for these agreements:
2024 |  | $ | 76 |
2025 |  |  | 137 |
2026 |  |  | 225 |
2027 |  |  | 238 |
2028 |  |  | 260 |
Thereafter |  |  | 4,847 |
|  | $ | 5,783 |

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- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 715 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480482/715-20-55-17 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-2 + Details
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