But Mr Brosnan said he had no intention of doing that and questioned why he and Mrs Spite had been singled out when five members on the board made collective decisions.
Waitaki Citizens and Ratepayers' chairman Warren Crawford said the loss was discussed last week by his group, which did not believe it had been caused by the present economic recession.
The other three members of the locally-elected trust board are Ken Brown, Peter Garvan and Barry Monks.
Last week the trust released its 2010-11 annual report which showed an overall loss of $1,448,767, compared with a $511,000 loss in the previous financial year. Included in the almost $1.5 million was a "book losses" of $916,778 for a revaluation of the new Northstar complex, which opened last year.
Mr Crawford said that after the $511,000 loss in 2009-10, the trust should have consulted the public for ideas on how to improve its performance.
"One idea would be to advertise the Brydone Hotel and other trust-owned places as being owned by the community for the benefit of the community to attract more patronage."
The ratepayers' group was disappointed to learn the latest loss by the trust was almost three times greater than the previous year.
"We wonder how it can continue to cover the losses and still pay things like wages," he said.
The ratepayers' group took an active interest in the trust's affairs since the 2009-10 loss was announced and would continue to do so. He encouraged people to attend the trust's annual meeting on September 1.
Mr Brosnan said all board members were elected in local body elections last year when people knew what the result was likely to be and had been warned about the most recent result. Mr Brosnan was the top polling candidate.
"It is all board members' desire and wish to turn the trust around and so far this financial year that is happening," he said.
Most of the 2010-11 loss was due to the $916,000 book entry against the Northstar. That could have been handled in a different way which would have given the trust a higher return, but created problems in the future.
"We could have done that to make us look good, but believe it was inappropriate to the business rather than making individuals look good," he said.
