Finances: Plan for management; maintenance of records; budget; accessibility of certain information.

A foster care agency shall: 1. Establish and carry out a plan for the management of its financial affairs which ensures that the foster care agency has sufficient money to adequately support the programs and services provided by the foster care agency. 2. Maintain financial records relating to any programs and services provided by the foster care agency, including, without limitation, records of: (a) Any assets and liabilities of the foster care agency; (b) Any donations received by the foster care agency during the 5 most recent fiscal years; and (c) All receipts collected and disbursements paid by the foster care agency during the 5 most recent fiscal years. 3. Establish a budget that identifies: (a) The direct costs of providing services, including, without limitation, salaries and other personnel expenses; and (b) The indirect costs of providing services, including, without limitation, daily operating costs. 4. Make available to the licensing authority a copy of the budget for the most recent fiscal year and a report of any expenditures made during that year relating to the programs and services provided by the foster care agency.