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Shorewood trustees accept financial report; fund valued at $26.36 million
Summary
The pension board accepted a Lauterbach & Amen financial report dated May 31, 2025, recording the pension fund at $26,355,618.04. Trustees approved the report by roll-call and will continue standard financial oversight.
At the July 24 meeting, the Shorewood Police Department Pension Fund trustees accepted the financial report prepared by Lauterbach & Amen dated May 31, 2025. The report recorded the fund value as $26,355,618.04; the board approved acceptance by roll-call (motion by Detective Kevin Frazier; second by Paul Hertzman).
Board members did not record extended discussion about asset allocation or benefit changes in the minutes. The acceptance of the report authorizes staff and advisers to proceed with routine accounting and reporting; any substantive investment decisions would require a separate agenda item and recorded discussion.
