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Spring Grove police pension board reports $6.11 million in investments, $25,338 in checking
Summary
Treasurer Tina Witt told trustees the pension's investment account totals $6,112,030.09, including a $6,041,751.10 IPOPIF transfer balance; checking reserves stood at $25,337.83 as of March 31, 2026.
At the April 21, 2026 special meeting of the Spring Grove Police Pension Board, Village Treasurer Tina Witt presented the fund's financial activity for Jan. 1–Mar. 31, 2026 and detailed account balances.
Witt reported a checking-account balance of $25,337.83 as of March 31, 2026, with beginning cash on Dec. 31, 2025 of $134,353.11. Revenue items called out in the report included employee contributions totaling $14,994.84 and interest of $513.88. Expenses for the quarter — including retiree payroll and invoices — totaled $124,524.00.
On the investment side, Witt listed a Schwab investment-account balance of $70,278.99 and an IPOPIF transfer balance of $6,041,751.10, yielding a total investment-account balance of $6,112,030.09. The board's total assets were recorded in the minutes as $6,137,367.92 (as of Dec. 31, 2025).
Trustees moved to approve the Treasurer's report during the meeting; the motion was seconded and recorded as carried. The fund's reported figures will inform future budgeting and benefit calculations.
