Comparative financial information, derived from two national surveys of 531 public community and junior colleges, is presented in this report for fiscal year 1989-90. Chapter 1 provides guidance on using the report to compare institutional statistics with national and peer group norms, and discusses 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 531 colleges, offering information on expenditures by major and detailed categories, computer-related expenditures, revenues, course enrollment distributions, salaries, and student/staff ratios. These chapters also include worksheets to facilitate comparative analyses. Chapter 5 contains medians and quartiles for five college peer groups classified by enrollment size and vocational/technical designation. Report findings include the following: (1) between fiscal year (FY) 1989 and FY90, per-student appropriations decreased by 1.5%, from $2,863 to $2,821; (2) academic expenditures increased by 1%, from $2,480 in FY89 to $2,504 in FY90, while administrative expenditures dropped by almost 3%; (3) the median college spent $5,129 per credit full-time equivalent student in FY90, an increase of 103% from the previous year; (4) for FY90, academic expenditures accounted for approximately 60% of the colleges' budgets; and (5) in FY90, student services accounted for 9% of expenditures at the median college, while less than 2% of resources were dedicated to scholarships. A description of the study methodology, sample surveys, and a list of participating colleges and the peer group composition, are appended. (JMC)