The committee shall oversee administration of the program provided for in 53-19-306. In fulfilling this duty, the committee shall:
(1) establish policies and procedures governing administration of the program;
(2) analyze and approve a budget for administration of services under the program;
(3) monitor the expenditure of funds for the program;
(4) provide for administration of eligibility and the delivery of services for the program as provided for in 53-19-306 through 53-19-309; and
(5) perform any other duties necessary to properly oversee administration of the program.