(a) All cities and towns shall provide to the division of municipal finance a report on a standardized form each fiscal year, any and all of the American Rescue Plan funds received through the “local fiscal recovery fund” program including the following information:
(1) Amounts received;
(2) Amounts allocated with project/program description;
(3) Amounts spent on hiring staff;
(4) Job titles hired or retained with aforesaid funds;
(5) Premium pay amount issued to employees and type of employees compensated;
(6) Total amount of funds not spent and remaining, if any; and
(7) Copies of all progress reports submitted to federal government agencies concerning the use of “local fiscal recovery fund” proceeds.
(b) Said reports shall be published on the division of municipal finance’s website for public inspection and review.