Comparative financial information for fiscal year 1986-87 is presented in this report, derived from two surveys of 535 public community and junior colleges. Chapter 1 provides guidance on the use of the report to compare institutional statistics with national and peer group medians; points out limitations of the data; and summarizes findings in the areas of expenditures, revenues, service area, and staffing. Chapters 2, 3 and 4 present data on the medians and quartiles for the full sample, offering information on expenditures, revenues, course enrollment distributions, salaries, and student/staff ratios. Chapter 5 contains medians and quartiles for peer groups classified by enrollment size and vocational/technical designation. Report highlights indicate that: (1) 50% of the institutions surveyed spent more than 61% of their operating budgets on instruction, research, public service, and academic support; (2) 50% spent more than 37% of their operating budgets on student services, institutional support, and plant operation and maintenance; (3) 50% spent more than 3% of their operating budget on computer-related expenses; (4) 50% received more than 68% of their revenues from state and local appropriation; and (5) 50% had student-to-faculty ratios for credit instruction of less than 17:1. Appendixes contain information on study methodology, sample surveys, and definitions of terms; a list of participating colleges showing peer group composition for each is also provided. (EJV)