He said the council withdrew $5.6 million every year from the fund, which provided $3.87 million to subsidise general rates and a further $1.73 million to service loans for specific community projects.
In this way, the fund had returned about $90 million to the South Taranaki community since it was set up in 1997, he said.
"All revenue over and above the annual drawdown of $5.6 million is returned to the fund to build it up for those years when it doesn't perform so well."
Achievements during the year included the introduction of a regional waste management contract with EnviroWaste, which saw more than 16,000 new wheelie bins distributed across the district.
Meanwhile, work began on earthquake strengthening at-risk public buildings, the Rakaupiko overbridge in Patea was replaced, and the council adopted a bylaw to manage freedom camping in the district.