Findings and recommendations of a task force study of funding for small, public colleges in Colorado are detailed in this report. After Chapter I describes the funding and access problems facing the small Colorado colleges, Chapter II outlines the study's parameters, establishing a definition for small colleges, and considering the problems associated with small institutional size and the problems of formula budgeting which influenced the choice of budgetary parameters. Chapters III through VII look at core activities and appropriations in five budgetary areas and provide recommendations for funding. These chapters cover: (1) resident instruction; (2) general administrative expenses; (3) student services functions; (4) libraries, learning resource centers, and library materials; and (5) capital outlay expenditures. Chapter VIII outlines the areas excluded from the task force's recommendations and the reasons these budgetary areas were not covered. Chapter IX summarizes task force conclusions, which included the finding that current formula budgeting guidelines, with the exception of those for libraries, did not adequately address the lack of economies of scale associated with small colleges. Chapter X summarizes the task force's budgetary recommendations and proposed formulas, and an appendix illustrates the implementation of the recommendations. (KL)