No fungus among us, why yes there is. That little bit of water can cause a few problems if not caught in time. Notice the wood splitting and since there is enough moisture the fungus can grow. Water will take the path of least resistance, so always conduct a thorough investigation if you notice something like wood damage or wood splitting. As the water meets the ground it might also continue to wash away any termiticide that was there. So termites might be on the way next.
