Comparative financial information, derived from two national surveys of 544 public community and junior colleges, is presented in this report for fiscal year 1988-89. Chapter 1 provides guidance on the use of the report to compare institutional statistics with national and peer group norms and points out the limitations of the data. Chapter 2 summarizes findings in the areas of expenditures, revenues, service area, and staffing. Chapters 3 and 4 present data on the medians and quartiles for the full sample of 544 colleges, offering information on expenditures by major and detailed categories, computer-related expenditures, revenues, course enrollment distributions, salaries, and student/staff ratios. Chapter 3 also includes worksheets to facilitate comparative analyses. Chapter 5 contains medians and quartiles for college peer groups classified by enrollment size and vocational/technical designation. Report highlights indicate that 50% of the institutions surveyed: (1) spent more than 61% of their operating budget on instruction, research, public service, and academic support; (2) spent more than 37% of their operating budget on student services, institutional support, and plant operation and maintenance; (3) spent more than 3% of their operating budget on computer-related expenditures and 3% on utilities; (4) received more than 66% of their revenues from state and local appropriations; (5) enrolled more than one in every 18 people for credit or noncredit coursework during the year; (6) had student-to-faculty ratios for credit instruction of less than 17:1; and (7) spent more than 58% of total current fund expenditures on current fund salaries and wages. Four appendixes, providing an explanation of methodology, sample surveys, a definition of terms, and a list of participating colleges and peer group composition, are attached. (JMC)