(a) Preparation. The Secretary shall prepare, with the advice and the assistance of the Advisory Committee, an Annual Plan setting forth a program and formula under which moneys appropriated annually by the General Assembly shall be distributed in accordance with the act and this chapter. In formulating the Annual Plan, the Secretary and the Advisory Committee shall consider, among other things, the following:

1. (1) The amount of moneys appropriated or expected to be appropriated by the General Assembly.
2. (2) The General Assembly’s declaration of purpose set forth at section 2 of the act (3 P. S. § 1502).
3. (3) The number of applications for grants submitted or expected to be requested.
4. (4) An equitable geographic distribution of grant moneys throughout the Commonwealth.