FL S2110

Redefines "financial audit" to conform with generally accepted auditing standards in the United States and requires compliance with Single Audit Act Amendments when applicable.

Changes financial audit requirement for district school boards in counties with 150,000+ population from annual to once every 3 years; extends operational audit cycle from every 2 years to every 3 years for state agencies, universities, colleges, school boards, and other entities.

Requires colleges and universities receiving Florida Bright Futures Scholarship Program funds exceeding $100,000 annually to submit financial audits to the Department of Education within 9 months of fiscal year end; requires non-audited institutions to attest under penalty of perjury to lawful use of funds.

Repeals Auditor General's responsibility for auditing the Wireless Emergency Telephone System Fund (E911), criminal justice trust funds, and conducting performance audits of Department of Revenue's ad valorem tax administration; transfers reporting on ad valorem tax activities to a biennial audit.

Removes requirement for Auditor General to audit reports submitted to the State Supreme Court and conduct annual audits of the Florida Clerks of Court Operations Corporation; changes surplus property rules from Auditor General to Chief Financial Officer authority.