An overview is provided of the characteristics and priorities of the Community College of Philadelphia (CCP), with special attention given to initiatives undertaken in 1987-88. Introductory comments assess the success of CCP in preserving access to educational opportunities, remaining faithful to its mission, ensuring academic integrity, helping students achieve their goals, and managing the finances of the college wisely. Next, enrollment, finance, and staffing data for 1987-88 are presented, revealing that: (1) enrollment experienced a modest decline of 3.1%; (2) minorities comprised 51.2% of the student population; (3) total operating expenditures were expected to be $36,725,678; (4) student financial aid funds totalled $9,050,563; (5) gift and grant funds exclusive of financial aid totalled $3,145,012; and (6) budgeted full-time staff positions declined from 762 in 1985-86 to 709 in 1987-88. The next section examines the institutional priorities of CCP: curricular and programmatic redesign and evaluation; educational effectiveness; developmental education; educational partnerships; and institutional climate. Brief descriptions are then provided of special projects undertaken during the year, including an Evaluation of the Community Services progrm, the Minority Education Initiative, plans for a Student Life/Instruction Building, and the acquisition of automated equipment. Finally, the report presents a financial profile of CCP and a profile of student characteristics and goals. (AJL)