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