This four-part report presents a graphic and textual summary of the operating budget requested by the Illinois Community College Board (ICCB) for fiscal year (FY) 1982. Part I details: (1) allocations to the individual colleges, the State Community College of East St. Louis (SCCESL), the ICCB Office, the State University Retirement System, and the Illinois Building Authority; (2) changes in apportionment rates per credit hour in seven curricular areas between FY 1981 and FY 1982; and (3) major features of the budget relating to resource requirements, enrollment, unit costs, inflation, credit hour grants, local tuition and tax contributions, equalization funding, disadvantaged student grants, energy conservation, program development grants, and contributions from federal, state, and local revenues. Part II reviews enrollment trends and patterns of state aid that have emerged since the establishment of the ICCB in 1965. Part III discusses current financial problems posed by inflation, increased enrollments, the need for equalization funding, energy costs, and new program development. Finally, Part IV explains the calculations involved in determining credit hour grant fundings, resource requirements, local tax contributions, tuition and fee contributions, equalization funding, and disadvantaged student and apportionment grants. The report concludes with an explanation of SCCESL's General Revenue Fund Budget and a justification and explanation of the FY 1982 ICCB office's budget request. (JP)