Each school district which desires an apportionment of funds under this chapter shall, unless specifically exempted by the board, prepare a long-range comprehensive master plan for the district prepared in accordance with acceptable planning procedures. Information relating to the following factors should be included in this master plan:

1. (a) A statement of the educational programs and goals of the district in relation to its programs, both current and future.
2. (b) A comprehensive evaluation and report of the utilization of the school facilities now existing in the district.
3. (c) A comprehensive demographic study of the district, as it currently exists and as projected into the future.
4. (d) A policy statement regarding actual or potential human problems.
5. (e) A policy statement as to the priority in which the district proposes to solve its school housing problems.
6. (f) A policy statement regarding cooperation with other local public agencies to achieve total community development.

7. (g) A policy to insure continuous review so that plans will be kept up to date and changing conditions will be reviewed and accommodated by appropriate revision of plans.

   The director shall review the long-range master plan and project development plan and shall report his or her findings and recommendations thereon to the board.