Trice appears to have largest net worth, based on assets list
Although the financial disclosure forms that the Sarasota city commissioners are required to file with the state do not require them to declare their net worth, a Sarasota News Leader review of the documents for 2024 indicate that, once again, Mayor Debbie Trice has the largest number of investments.
Additionally, of all the board members, only Commissioner Kyle Battie did not cite sources of income other than his City Commission salary.
In response to a request for that salary information, Luke Mocherman, a city communications specialist, wrote in a Nov. 25 email that the board members’ pay for the 2024-25 fiscal year, which ended on Sept. 30, was $52,132.13. For this fiscal year, that has risen to $53,738.96.
The salary is based on a calculation by the State of Florida, Mocherman noted.
None of the city commissioners listed interests in specified businesses, which — the forms explained — is “[o]wnership or positions in certain types of businesses.” The News Leader could find no definition of “specified businesses.”
The financial disclosure forms must be filed each year with the Florida Commission on Ethics.
In response to the requirement on what is called a Form 1 for the listing of primary sources of income above $2,500, Trice listed Social Security, an IBM pension plan and eight mutual funds. Four of the latter are with T. Rowe Price; the others are with Vanguard.
Trice did not list any real property or liabilities.
In response to the request for a list of intangible property valued at more than $10,000, Trice listed common stock in 3M, Clorox, Coca-Cola and Proctor & Gamble, along with eight mutual funds with T. Rowe Price and eight with Vanguard, plus a Dodge & Cox Income Fund.
Vice Mayor Kathy Kelley Ohlrich — the newest member of the commission, having won her seat in the 2024 General Election — listed primary sources of income as the State Teachers Retirement Fund of Ohio; VOYA of Hartford, Conn., which is a retirement insurance and annuity company; and Merrill Lynch.
Like Trice, she listed no real property and no liabilities.
In regard to intangible personal property, Ohlrich noted annuities with VOYA and Merrill Lynch and bank accounts with Fifth Third Bank.
Commissioner Jen Ahearn-Koch listed the city and JAKConsults, her marketing, public relations and design firm, as her primary sources of income.
Further, she reported owning no real property.
Under the Intangible Personal Property heading, Ahearn-Koch noted a Florida pre-paid college account.
Under “Liabilities,” she listed Fifth Third Bank.
Commissioner Liz Alpert reported that her primary sources of income for 2024 were her eponymous law firm in Sarasota and Social Security.
She, too, reported no real property.
As for intangible personal property, Alpert listed her Florida Retirement System account with the city.
Further, Alpert listed four liabilities:
- A Bank of America mortgage.
- Sloan Servicing of Lincoln, Neb., whose website indicates that it assists with paying off student loans.
- Firstmark Services of Omaha, Neb., whose website says, “Since 1997, we have built strong partnerships and exceeded client expectations in managing the performance of private student loan and consumer loan portfolios.”
- Independent Bank of Memphis.
Finally, Commissioner Battie reported no real property and no intangible personal property. He also listed no liabilities.