Based on data submitted by Michigan's 28 community colleges for 1997-98, this report provides instructional, enrollment, personnel, revenue, and expenditure information at the state's colleges and reviews the state funding formula. Section 1 provides historical data from 1987 to 1998 on state appropriations, property tax revenue, tuition and fee revenues, state equalized valuation, general fund revenues, at-risk student grants and unduplicated student headcount. Section 2 provides 1997-98 data on instruction and enrollment, including fiscal-year equated students (FYES) by instructional sub-activity and element, credit hours in prisoner education, student contact hours compared with student credit hours by state and college, and unduplicated student headcounts. Section 3 provides information on full-time equated (FTE) personnel and ratios of FYES to FTE personnel. Section 4 focuses on general fund revenues, including data on general fund revenue sources; tuition and fees; property taxes; and state aid. Section 5 describes expenditures, including general fund expenditures by activity and per FYES, instructional expenditures per FYES, costs per student contact hour, salary fringe benefits, average compensation, physical plant expenditures, and energy costs per cubic foot. The final sections present Michigan's community college funding formula for 1999-2000 and a summary of current funds and information. The State Activities Classification Structure and definitions of terms are appended. (AS)