Queenstown's non-profit Lakes Leisure sports centre and associated facilities has acquired a $60,000 profit for the financial year ending June 30, which will be invested back into the business.
Lakes Leisure presented its annual report for 2011-12 at the Queenstown Lakes District Council finance and corporate committee meeting on Tuesday and overall reported a "strong result".
The council-controlled organisation was part funded by an operating grant from the council and during the meeting outgoing Lakes Leisure chief executive Fiona McKissock said the costs to ratepayers had decreased.
"Our reliance on ratepayer funding has decreased from 41% last year to 39.5% in the last financial year," Ms McKissock said.
"If you look at our operating grant, it equates to less than $2 per week per ratepaying household."
She said participation had increased and this would continue to put pressure on facilities.
The money would be put towards accommodating growth.
"Our operating revenue grew and this is predominantly because of the health and fitness centre."
The organisation's report said tightened council funds would require "an even more focused approach to financial stewardship in the coming year".
"In line with council objectives, revenue streams will be diversified, costs will be scrutinised, the identification of efficiencies will be prioritised and new funding opportunities will be sought."
Looking ahead to the new year, Ms McKissock said the operating budget was the same "and we are confident that we can continue to deliver the results".
It was acknowledged recreation space was limited and additional sports fields would not be available for years due to "a tightening of financial support in this area from council", the report said.
The organisation's aquatic side continued to grow and in January a record 17,000 people visited the Alpine Aqualand and more than 177,000 people visited the health and fitness centre.
The organisation also managed assets such as the Queenstown Memorial Hall, the Arrowtown Athenaeum Hall, Lake Hayes Pavilion and Lake Wanaka Centre.
Councillor Trevor Tattersfield raised the alleged $1 million of deferred work at the Queenstown Memorial Hall.
"It raises the issue that we don't want to lose these assets."
The council's finance manager Stewart Burns reiterated it was "very important that we have got asset management".
