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(1) The council may:
(a) require a public treasurer to prepare and file a written report in a form prescribed by the council containing the information required by this section; and
(b) specify that the report will contain the information required by this section for any date.
(2) The council shall require the report to include information:
(a) specifying the amount of public funds in the public treasurer's possession or control;
(b) detailing the nature and extent of the deposit and investment of those funds;
(c) detailing the rate of return on each deposit or investment; and
(d) detailing the nature and extent of interest rate contracts authorized by Subsection 51-7-17(3).
(3) The public treasurer shall file the report with the council within 10 days after the day on which the public treasurer receives the council's request.
(4) A public treasurer shall make copies of a report required by this section available for inspection by the public at the public treasurer's office during normal business hours.