The governing body of a foster care agency must be responsible for:

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1.  Ensuring that the foster care agency is and remains fiscally sound;

2.  Overseeing the management and operations of the programs and services offered by the foster care agency;

3.  Ensuring that the foster care agency remains in compliance with the rules and policies of the governing body; and

4.  Ensuring that the foster care agency complies with the provisions of this chapter and any regulations adopted pursuant thereto.