Drawing from two surveys of 545 public community and junior colleges from across the country, this report presents comparative financial statistics for fiscal year (FY) 1984-85. Chapter 1 provides information on the use of the report in comparing institutional statistics with national and peer group medians; points out limitations of the data; and offers a summary of findings in the areas of expenditures, revenues, service area, and staffing. After chapter 2 displays medians for the full sample of 545 colleges in the categories of expenditures and revenues, course enrollment distributions, salaries, and student/staff ratios, chapter 3 presents quartile statistics for the sample in the same categories. Chapter 4 provides medians and quartiles for institutional peer groups classified by enrollment size and vocational/technical designation. Report highlights indicate that: (1) the median college in the sample spent $4,000 per credit full-time equivalent (FTE) student in FY 1985, an increase of 58% over FY 1979; (2) total revenues per credit FTE student increased by 56%, from $2,635 in FY 1979 to $4,115 in FY 1985; (3) academic expenditures accounted for approximately 60% of the budget from year to year at the median institution; and (4) students paid $728 in tuition and fees at the median college, accounting for 17% of revenues. Appendices contain information on study methodology, participating colleges, and peer group composition; sample surveys; and definitions of terms. (HB)