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Lansing pension fund reports $53.9 million in assets; approves $23,474 in disbursements
Summary
The board accepted Lauterbach & Amen's monthly financial report showing $53,915,533.42 in net position as of Feb. 28, 2026, a change of $7,393,930.41, and approved disbursements totaling $23,474.38. The acceptance passed by roll call vote.
Lauterbach & Amen presented the monthly financial report for the ten-month period ending Feb. 28, 2026. The net position held in trust for pension benefits was reported as $53,915,533.42, reflecting a change in position of $7,393,930.41 for the period.
The board reviewed the Cash Analysis Report, Revenue Report, Municipal Revenue Report, Expense Report, Member Contribution Report, Payroll Journal, and quarterly reports covering Dec. 1, 2025 through Feb. 28, 2026. Trustee Sharon Novak moved and Trustee Matt Prendergast seconded acceptance of the monthly report and approval of the Quarterly Disbursement Report disbursements totaling $23,474.38; the motion carried by roll call vote with all present trustees voting AYE.
Trustees asked questions about cash-on-hand reconciliations, which Treasurer Brian Hanigan addressed during the presentation. The board recorded the approval of the financial report and disbursements for their records.
