I wouldn't worry about it. There are billions of fungi that are resident in organic materials and most are beneficial. They are part of the chain of life that uses dead or shed matter for its own purposes and conveys it to the next user. The microbes will consume the mushrooms when they pass. Plants can't use the dead bodies of their brethren unless and until it is processed by fungi, then microbes and other lifeforms too numerous for me to name or know.
The fungi is not harmful by itself, but it is a sign that the environment at the base of that trunk was in a consistently moist condition in winter. Consistently moist is not necessarily too wet, depending upon species. Fungi need approximately the same conditions to live that "plants" do. Not too wet, not too dry. I would be happy to see in in my mulch. I use shredded mixed oak, maple, elm, et al leaves, too.