(1) prepare a plan and related procedures necessary to assure Federal financial participation under Title XVIII and Title XIX of the Social Security Act and any laws amendatory thereto that may hereafter be enacted;
(2) provide such methods of administration as are necessary for the efficient operation of the plan;
(3) receive and expend all funds made available to the Department by the Federal Government and from any other sources for the implementation of the plan;
(4) cooperate with the Federal Government through its appropriate agency or instrumentality in developing, extending and approving services under this plan;
(5) make such statistical and financial reports in such form and containing such information as the Federal Government may from time to time require and comply with such provisions as the Federal Government may from time to time find necessary to assure the correctness and verification of such reports.