Once more, Maio has highest net worth of the five Sarasota County commissioners

Detert remains in last place

Sarasota County Commissioner Alan Maio of Nokomis continues to have the highest net worth of the five members on the local government board, as shown in their 2021 state financial disclosure forms.

Commissioner Ron Cutsinger of Englewood was about $1.5 million behind him.

Commissioner Nancy Detert of Venice is the only member with a net worth below $1 million, the forms make clear.

As of June 7, 2022, Maio wrote that his net worth was $3,558,546. That compares to the figure of $3,082,300 in his 2020 filing with the Florida Commission on Ethics.

Cutsinger noted in his filing that, as of July 1, his net worth was $2,017,033. That is up from $1,589,314 as of July 1, 2021.

Commissioner Michael Moran of Sarasota reported that his net worth as of June 9 was $1,302,717.06. In his 2021 filing with the Ethics Commission, Moran wrote that, as of April 30, 2021, his net worth was $927,150.25.

Commissioner Christian Ziegler of Sarasota was not far behind Moran this year. As of Dec. 31, 2021, he noted, his net worth was $1,037,145.62. On Dec. 31, 2020, Ziegler reported to the state that his net worth was $876,233.25. That figure was more than three times the amount he listed as of Dec. 31, 2018: $206,324.83, as The Sarasota News Leader pointed out in an article last November.

Finally, Detert wrote on her form that, as of Dec. 31, 2021, her net worth was $568,042. That compares to her Dec. 31, 2020 figure of $392,213.

In his 2021 report, Maio attached a sheet that put the total worth of his real estate holdings at $3,050,000. His home in Nokomis, he noted, had a value of $1.8 million, while his 55-acre ranch on Singletary Road in Myakka City was worth $1,250,000.

As the News Leader previously reported, Maio and his wife bought the Myakka City property for $750,000 in February 2021.

Further, Maio reported on his most recent form that his bank holdings added up to $115,932 — including $108,000 in certificates of deposit with Seaside National Bank.

His retirement account at Caldwell Trust held $901,638, he added, while his household goods and personal effects added up to $265,000.

Maio reported $774,024 in liabilities, including a $337,190 loan from Centennial Bank in Venice and a car loan of $36,101.

He listed his primary source of income as his county pay, which added up to $92,933, along with Social Security income of $33,996.

On the most recent form Cutsinger filed with the Commission on Ethics, he listed six properties: his office and home on Manasota Beach Road, valued at $750,000; a vacant 1.5-acre lot, also on Manasota Beach Road in Englewood, $210,000; three vacant lots whose value totals $430,000; plus a home under construction on Keyway Road in Englewood: $1 million.

The value of his business, Waypoint Wealth Management, was put at $250,000, while he reported bank and brokerage accounts holding a total of $116,033.

His income added up to $375,326, he noted. That included $145,738 from his business; $90,080 in county pay; $19,723 from Social Security; $29,400 from rental income; $59,705 that he received from the sale of property in Gulf Breeze; $16,004 from the sale of property in Kenner, La.; and $14,676 in proceeds from the sale of a house in Manitou Beach, Mich.

As for liabilities: Cutsinger wrote that the total was $564,000, including a commercial mortgage with Truist Bank — $195,000; and two other mortgages adding up to $350,000.

In Moran’s report, he listed assets adding up to $1,962,447.54. Among them is his home — $1,012,900; a 2020 Land Rover Range Rover — $80,908.78; a 2019 Lexus GX 460 — $46,745; a 2020 Chevrolet Camaro — $32,346; and burial plots — $65,000.

His household goods and personal effects, he pointed out, had a value of $140,000.

Moran also noted a checking account with Chase Bank holding $33,312.36; and the value of stock in his business, Blue Water Insurance Group LLC — $513,305.94.

Among his sources of income, Moran wrote that he received $80,271.12 from Blue Water, while his pay from the county was $92,935. He also received $75,000 from the Florida PACE Funding Agency, he pointed out, and $100,000 from Moran 360 LLC.

As the News Leader reported in November 2021, Moran is listed as the executive director of the Florida PACE Funding Agency, which has its office at 6650 Professional Parkway, Suite 102, in Sarasota.

PACE — Property Assessed Clean Energy — “is a long term, fixed rate source of financing that allows homeowners to do energy conservation and hurricane hardening improvements to their property,” the website explains. “Property owners can use PACE financing to cover 100% of the costs involved in installing eligible projects, including all related equipment, materials and labor,” the website adds. “Eligible improvements include energy efficiency, water conservation, renewable energy generation, and resiliency upgrades. A few examples include: air conditioners, roofs, windows/doors, water heaters, solar panels, pool heaters, hurricane shutters, and generators.”

In October 2017, the County Commission voted 3-2 to adopt an ordinance that implemented the PACE program in the county. Commissioners Detert and Maio cast the “No” votes, though the ordinance — at Detert’s request — included a statement of the risks associated with the program.

Moran was part of the majority that approved the ordinance. He first was elected to the commission in November 2016.

On his latest financial disclosure form, Moran’s liabilities totaled $659,730.48. He listed a mortgage of $505,714.63; a $73,832.54 loan for the Land Rover; and a home equity line of credit — $80,183.31.

In Ziegler’s report, he noted that the value of his household goods and personal effects was $192,000. He listed his assets as his home — $410,000; his business, Microtargeted Media LLC — $430,000; and the funds in his personal checking account as of Dec. 31, 2021 — $3,006.53.

On a separate page, Ziegler documented more assets: a Chase checking account for his business — $234,887.35; three Florida PrePaid College Savings Plan accounts adding up to $11,271.02; and a retirement account — $7,831.08.

As for liabilities: Ziegler noted the mortgage on his home — $173,131.52; a loan from the Congressional Federal Credit Union for his home — $62,704.29; and a loan on his 2017 Ford Explorer — $16,014.55.

In the section regarding income, Ziegler listed his county pay, which was $88,823.39; and funds from his business — $265,855.16.

In her latest filing with the Ethics Commission, Bridget Ziegler — Christian’s wife and a member of the Sarasota County School Board — put her net worth as $394,925.38 as of Dec. 31, 2021. She listed the same liabilities as he did on his form, plus a Department of Education loan totaling $34,847.82. Her income comprised her School Board salary — $33,262.04; and pay from USI Insurance Services, based in Valhalla, N.Y. — $80,038.96. The insurance company points out on its website that it has offices in Sarasota and Tampa.

Bridget Ziegler’s LinkedIn account shows that she was vice president/lead consultant for USI Insurance’s Property & Casualty Division in Tampa from July 2019 through August of this year.

Finally, County Commissioner Detert wrote that her biggest asset was her home, valued at $395,000. She put the value of her household goods and personal effects at $80,000.

The other assets Detert listed were stock, including shares in Amazon, Apple, Home Depot and Microsoft — $163,800; her savings account — $40,000; and her checking account — $6,900.

Under the Liabilities heading, she noted a mortgage of $116,158.

For income, Detert listed $94,745 as her county pay and $14,792 from Social Security.