FL S2600

Exempts municipalities with annual fiscal revenues and expenditures under $250,000 from capital improvements element update requirements if they adopt a resolution certifying no annexation activity, no new development, vacant property not exceeding 20 percent of land area or 25 acres, and no scheduled capital improvements.

Exempts small municipalities from water supply element amendment requirements related to regional water supply plan updates if they meet the same fiscal and development criteria and acknowledge future amendments may require water supply impact determinations.

Exempts small municipalities from comprehensive plan evaluation and appraisal requirements if they hold a scoping meeting and adopt a resolution meeting the same fiscal and development criteria.

Revises municipal revenue threshold for annual financial audit requirements from between $100,000 and $250,000 to less than $250,000, and extends the exemption period from 2 preceding fiscal years to 4 preceding fiscal years.