PENSION BENEFITS (Tables)

12 Months Ended

Oct. 31, 2013

Pension Benefits Tables

Schedule of assumptions

Weighted Average Assumptions	10/31/13	10/31/12	10/31/11
Discount Rates used to determine net periodic pension cost as of October 31, 2013, 2012 and 2011	3.50%	4.48%	5.26%
Expected long-term rates of return on assets	7.50%	7.50%	7.50%
Rates of increase in compensation levels	N/A	N/A	N/A

Schedule of changes in benefit obligations

Change in Benefit Obligation	10/31/13	10/31/12
Benefit obligation at beginning of year	$10,201,594	$8,765,206
Interest cost	350,613	384,941
Curtailment	0	0
Actuarial (gain)loss	(1,376,451)	1,396,244
Benefits paid	(307,815)	(344,797)
Benefit obligation at end of year	$8,867,941	$10,201,594

Schedule of change in plan assets

Change in Plan Assets	10/31/13	10/31/12
Fair value of plan assets at beginning of year	$5,960,630	$5,452,890
Actual return on plan assets	766,479	359,371
Employer contributions	279,000	564,358
Benefits paid	(307,815)	(344,797)
Administrative expenses	(93,696)	(71,192)
Fair value of plan assets at end of year	$6,604,598	$5,960,630

Schedule of funded status of the plan

Reconciliation of Funded Status of the Plan	10/31/13	10/31/12
Funded status at end of year	($2,263,343)	($4,240,964)
Unrecognized transition obligation	0	0
Unrecognized net prior service cost	0	0
Unrecognized net actuarial loss	2,782,829	4,960,745
Net amount recognized at end of year	$519,486	$719,781

Schedule of amounts recognized in the combined balance sheet

Amounts Recognized in the Combined Balance Sheet	10/31/13	10/31/12
Accrued pension expense	($2,263,343)	($4,240,964)
Accumulated other comprehensive loss (pre-tax)	2,782,829	4,960,745
Net amount recognized	$519,486	$719,781

Schedule of accumulated benefit obligations in excess of plan assets

Additional Year-End Information for Pension Plan with Accumulated Benefit Obligation in Excess of Plan Assets	10/31/13	10/31/12
Projected benefit obligation	$8,867,941	$10,201,594
Accumulated benefit obligation	$8,867,941	$10,201,594
Fair value of plan assets	$6,604,598	$5,960,630

Schedule of amounts recognized in accumulated other comprehensive loss

Amounts Recognized in Accumulated Other Comprehensive Loss	10/31/13	10/31/12
Net actuarial loss	$2,782,829	$4,960,745
Prior service cost	0	0
Unrecognized net initial obligation	0	0
Total (before tax effects)	$2,782,829	$4,960,745

Schedule of net periodic benefit cost

Components of Net Periodic Benefit Cost	10/31/13	10/31/12	10/31/11
Service cost	$56,925	$49,106	$55,788
Interest cost	350,613	384,941	391,258
Expected return on plan assets	(439,344)	(411,247)	(369,382)
Amortization of transition obligation	0	0	0
Amortization of prior service cost	0	0	0
Amortization of accumulated loss	511,101	334,273	200,829
Total net periodic benefit expense	$479,295	$357,073	$278,493

Schedule of other changes in plan assets and benefit obligations recognized in other comprehensive loss

Other changes in plan assets and benefit obligations recognized in other comprehensive loss 10/31/13  10/31/12 

Net loss (gain)	($1,666,815)	$1,470,206
Recognized net actuarial gain	(511,101)	(334,273)
Prior service cost (credit)	0	0
Recognized prior service (cost) credit	0	0
Recognized net transition (obligation) asset	0	0
Total recognized in other comprehensive loss  (before tax effects)	($2,177,916)	$1,135,933
Total recognized in net periodic benefit cost and   other comprehensive income (before tax effects)	($1,698,621)	$1,493,006

Schedule of amounts expected to be recognized into net periodic costs in the coming year

Amounts expected to be recognized into net periodic cost in the coming year	10/31/13	10/31/12
Loss recognition	$249,478	$511,101
Prior service cost recognition	$0	$0
Net initial obligation/(asset) recognition	$0	$0

Schedule of estimated future benefit payments

Estimated Future Benefits Payments	Fiscal Year	Benefits
	2014	$332,691
	2015	$359,655
	2016	$449,785
	2017	$506,554
	2018	$509,336
	2019-2023	$2,805,931

Schedule of assumptions used - benefit obligations

Weighted Average Assumptions	For Determination of:
	Benefit Obligations as of October 31, 2013	Benefit Obligations as of October 31, 2012
Discount rate	4.45%	3.50%
Rate of compensation increase	N/A	N/A

Schedule of weighted-average asset allocations

Weighted-Average Asset Allocations	10/31/13	10/31/12
Asset Category
Equity	57.13%	49.77%
Fixed Income	39.53%	46.93%
Cash Equivalents	3.34%	3.30%
Total	100.00%	100.00%

Schedule of fair value of plan assets

   Information about the Plan’s fair value levels follows as at October 31, 2013:

	Level 1	Level 2	Level 3	Total
Money Market Fund	$220,587			$220,587
Mutual Funds:
Blackrock EAFE Equity Index Fund	361,837			361,837
Common Collective Trust Funds:
Aggressive Growth Portfolio		$1,136,067		1,136,067
Strategic Bond Portfolio		740,955		740,955
Intermediate Fixed Income Portfolio		1,141,038		1,141,038
Short Duration Portfolio		729,015		729,015
Large Company Value Portfolio		556,764		556,764
Fundamental Value Portfolio		548,138		548,138
International Value Portfolio		356,069		356,069
Small Company Growth Portfolio		174,457		174,457
Small Company Value Portfolio		168,683		168,683
Mid-Cap Growth Portfolio		237,373		237,373
Mid-Cap Fundamental Value Portfolio		233,615		233,615
Total	$582,424	$6,022,174	$0	$6,604,598

Information about the Plan’s fair value levels follows as at October 31, 2012:

	Level 1	Level 2	Level 3	Total
Money Market Fund	$196,903			$196,903
Common Collective Trust Funds:
Aggressive Growth Portfolio		$871,332		871,332
Long Duration Portfolio		748,353		748,353
Strategic Bond Portfolio		702,525		702,525
Intermediate Fixed income Portfolio		677,165		677,165
Short Duration Portfolio		669,261		669,261
Large Company Value Portfolio		499,757		499,757
Fundamental Value Portfolio		481,368		481,368
International Core Portfolio		266,037		266,037
International Value Portfolio		257,014		257,014
Small Company Growth Portfolio		153,363		153,363
Small Company Value Portfolio		147,235		147,235
Mid-Cap Growth Portfolio		146,285		146,285
Mid-Cap Fundamental Value Portfolio		144,032		144,032
Total	$196,903	$5,763,727	$0	$5,960,630

	GIC Portfolio	Fair Value
Balance, beginning of year	$172,894	$172,894
Purchases, sales, issuances and settlements, net	(172,894)	(172,894)
Balance, end of year	$0	$0