The city upon thorough investigation of the pool/fund, will require the following from the Utah public treasurers' investment fund or similar qualified pool/fund prior to any investing with said pool:
A. Monthly statement detailing all transactions on each investment account held by the city such as:
1. Date and account number for each account.
2. Reference date for each transaction.
3. All deposits and withdrawals listed by date.
4. Report period covered.
5. Balance for each account.
6. Account summary: Beginning balance, deposits in the period, withdrawals in period, ending balance, gross earnings, fee (0 percent), net earnings, average daily balance, gross earnings rate, net earnings rate.
B. Every six (6) months, provide a statement of how the pool/fund invests said funds and how often the securities are priced and how often the pool/fund is audited.
C. A current copy, at least annually, of the state money management act and rules of the state money management council.
D. Receive quarterly, a copy of the approved list of depository institutions that have been qualified as depositories to receive public funds. Also included will be a listing of allowable maximum amount of public funds allowed per institution.
E. Receive quarterly, a copy of the listing of certified dealers and their agents who are certified to receive public funds. (Eff. 4-4-2016)