The association will report a surplus of $71,274 for the financial year at its annual general meeting tonight.
However, because of the way assets are recorded and expenses can be spread across different financial periods, the actual operational surplus is closer to $30,000 Coggan said.
Last year the association recorded a sizable deficit of $155,134. But most of that loss could be accounted for by the association's decision to commit $142,706 towards the $700,000 embankment project.
That decision saw the association's cash reserves dip to $22,966, but it has be restored to a more healthy figure of $77,683.
''We have to keep increasing that,'' Coggan said
''But if nothing changes then we have to be mindful that our current operating model is challenged,'' Coggan said.
''We are producing very small [surpluses] to break-even to small losses and we've done that for a decade.
''If we want to be really growth driven ... then we have got to make sure there is more money and funding put into the proper areas.''
The association had budgeted ''close to a break-even position'' in the current financial period.
''We can't do a whole lot more than that but we have to have more resources to deliver more.''
Coggan said New Zealand Cricket had been helpful by introducing some ''pilot funding'' and it will pay for a new development officer based in Dunedin until the end of the financial period.
That position will be filled in the next few weeks and will allow the current development officer, Tama Walker, to concentrate on developing women's cricket.
''Unless we can get more people playing for their school or their club, then we have challenges for the future. The only way we can overcome that is to have more foot soldiers out there.''
There is expected to be one change on the OCA board, with Anna Campbell replacing Darin Smith, who has resigned after six years, while president John Ward has served his maximum term of four years and is expected to be replaced by former chairman Murray Hughes.
Warren Lees' long service will be acknowledged. Lees retired earlier this year after a five-year stint as Otago Sparks coach, but has held many roles at the association during a relationship with Otago Cricket which stretches back almost 50 years.
Smith's service on the board will also be recognised.
