The Otago Cricket Association has recorded a small operational deficit for the financial-year period ending July 31, 2015.
It had returned a profit for the past three financial periods but had warned to expect a deficit this term.
The modest $10,515 loss was much smaller than expected, though.
With extra costs incurred hosting World Cup games, it was feared the deficit would be around $40,000, chief executive Mike Coggan said.
''I think the board, overall, is pleased with the fact we've crimped back from a $40,000 budgeted loss to a break-even position,'' he said.
''But next year will also be challenging and we've budgeted for a break-even position. We'll tighten up and take a prudent approach for the first six months and see how we're travelling,'' he said.
With the Otago Cricket Trust being wound up, the OCA's closing equity is actually up from $321,863 to $432,520.
But that is a gain on paper only, as almost all of the Otago Cricket Trust money has been allocated.
The money is being spent improving the indoor nets and lighting at the Edgar Centre and that work is already under way.
''The transitional funds from that were $121,000 of which $114,000 will be used towards the upgrade at the Edgar Centre high performance centre.''
Net revenue has remained relatively static during the past three financial periods but rose 9% this period from $2,966,528 to $3,235,620.
The biggest gains were made in grants and levies, up almost $200,000, and through marketing activities, which were up from $108,968 to $149,684. Gate revenue was down from $53,274 to $37,115.
While revenue rose, expenses also climbed and were up from $2,926,899 to $3,246,135.
The biggest increases came in player payments, up from $704,034 to $794,326, and office, ground and facility costs rose from $88,554 to $150,837 mainly due to the costs involved in hosting Cricket World Cup games.
