The association has reported a deficit of $155,134 for the financial period ending July 31, 2016.
Although the loss is significant, the association had committed $142,706 of its cash reserves towards the $700,000 embankment project.
''Ordinarily, we would have had a $12,000 loss on a break-even budget before extra-ordinary projects,'' chief executive Mike Coggan said.
''Our commitment to the project is pretty much $143,000 which has come straight out of our reserves ... and that is where the majority of the blowout is.''
Coggan said that the association has had to work hard to keep its expenses down.
''We also went through that organisational restructure to ensure, that not only this year but in future years, that we have a sustainable model. Certainly, everything has been about cost containment in the last six months of that financial year.''
The association's equity has fallen from $432,520 to $277,386 but the biggest concern is its working capital has shrunk from $355,019 to $22,966. Working capital is basically the cash an organisation has available to it.
''When you look at it from a balance sheet point of view, we have $270,000-odd of equity. But when you look at it from a cash position, we are going to have to very closely monitor our cash for the next one or two years because we are down to a net working capital position of only $23,000.
''From a cash point of view, we are going to be rebuilding as a consequence of doing the embankment project.
''If we didn't put in for the embankment project we wouldn't see international cricket here, so we've made that commitment. We would have liked to have seen more funding from the national organisations but that never eventuated.
''We must rebuild our cash stocks but we must do it at the same time as we are investing in [cricket], so it is a real challenge.''
