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all expenses;

(2) submit a 12-month budget to the department when the application is submitted under 7 AAC 56.070; and

(3) have predictable income sufficient to cover expenses for the first year of operation. (c) An agency providing adoption services shall meet general requirements set out in this section in addition to the requirements of (a) and (b) of this section. An agency providing adoption services shall

(1) submit an annual financial report to the department on a form provided by the department that includes

(A) information on adoption related income from all sources earned from adoption services; and

(B) expenses of the agency for adoption-related services;

(2) submit the financial report to the department not later than 60 days after the end of the agency’s fiscal year; and

(3) require completion and approval of a home study of the prospective adoptive family, before the agency accepts money from the family for the adoption of a particular child or fetus by that family. (d) An agency providing adoption services that charges maternity, birth, and other expenses of the birth parent to prospective adoptive families shall

(1) include in the fee policy a complete description of the types of expenses that may be passed through to prospective adoptive families;

(2) have available for review by the department and provide to the prospective adoptive family a report for each prospective adoption, in which the agency charged expenses to the prospective adoptive families;

(3) provide an estimate, in writing, to prospective adoptive families of the pass through expenses the agency anticipates will be associated with the specific adoption; this must be provided before the prospective adoptive family pays or agrees to pay money for placement of a specific child;

(4) if the agency exceeds estimated expenses by more than 10 percent. obtain an acknowledgment and agreement to the additional expenses, in writing, from the prospective adoptive family; and

(5) inform the prospective adoptive family, in writing, that a birth parent may choose not to relinquish a child for adoption. (e) An agency providing adoption services shall meet the following standards with regard to financial assistance to birth parents: