This study identified governing state entities charged with the development of a funding formula for community colleges. Analysis of the data revealed that 40 states utilized a funding formula. Twenty-one states had a "Higher Education" entity with governing control of the formula, 5 states had a "Community College" entity with distinct funding formulas for community colleges, funding formulas in 2 states fell under a "Comprehensive (K-20) Education" entity, and in 12 states control of a state funding formula was the responsibility of a state statute. Findings and implications of funding formula governance patterns are discussed. (Contains 2 tables.)