(1) Each child care agency shall:

(a) have a sound financial plan to carry out its defined purposes and provide proper care for children;

(b) have sufficient funds or resources for its first year of operation and be able to furnish evidence to that effect;

(c) maintain financial records of all receipts, disbursements, assets, and liabilities; and

(d) provide for an annual audit of all accounts by an independent auditor who is not regularly employed by the child care agency or a member of the board of directors.

(2) Financial responsibility for medical and dental treatment shall be established prior to placement and shall usually lie with the parent, guardian, custodian, and/or referring party of the child.