Issue link: https://newsleader.uberflip.com/i/352007
One factor besides the higher property val- ues that had helped reduce the transfer, he said, was the district's receipt of $2.1 million from its health insurance carrier through a profit-sharing plan — money "I had not antic- ipated at all." In response to a question from Brown, Chief Financial Officer Mitsi Corcoran explained that the district also had received a refund of a little more than $700,000 from its health insurance carrier because the company's total revenue for the 2013 calendar year reflected more than the 15 percent it can retain for overhead under the guidelines of the federal Affordable Care Act. That refund will be used to offset district premiums for employees, whose health coverage the district pays in full, and employees' dependents, Corcoran said. A pie chart shows how Sarasota County School District appropriations are expected to be divvied up during the 2014-15 fiscal year, based on the School Board's tentative budget. Image courtesy Sarasota County Schools Sarasota News Leader July 25, 2014 Page 12