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The Waitaki Recreation Centre has reported an improvement in its finances.
The centre, which is operated by the Waitaki District Council and is home to North Otago Basketball, bounced back from a operating loss of $4731 in the 2011 financial year, and this week announced that it had made an operating surplus of $3103 for the latest financial year (ended June 30, 2012).
Recreation centre manager Louise Fangupo said the year had been ''challenging but successful''.
Ms Fangupo said the centre had received funding from the council to allow it to continue to operate for another year.
''Had this been unsuccessful, the district would have been left without an indoor sports facility, and in the case of some groups, with no alternative venue in which to continue their activities.''
The centre was also awarded $3385 of grants from Youthtown and Dean Law over the past year.
The centre planned to upgrade its facilities over the next three years, Ms Fangupo said.
''We are hoping to get some local business sponsors aboard, apply to trust funds ... develop some new programmes, and work more closely with ... businesses and organisations, such as the Waitaki Aquatic Centre and Sport Waitaki.''