"And I think where we're at at the moment is the right place."
In a speech at the conference, Mr Woodhouse said his priorities in the police portfolio were introducing a child sex offenders' register and making progress on cracking down on gangs.
He would also continue the Policing Excellence programme, which focused on preventing crime and using the latest technology to help officers spend more time in the community.
Mr O'Connor also warned the minister that a falling crime rate would be unsustainable if five years of budget freezes were not reversed.
He said the Hawkes Bay region, which was already struggling with its police services, was about to lose nine more police jobs because of funding cuts.
Mr Woodhouse said all Government agencies were being asked to do more with less.
"I think police is a really good example of where it's not so much the amount of money put in, but how it's used and how productively deployed police are."