Focusing primarily on current unrestricted and restricted funds, auxiliary funds, and plant funds, this report explains and provides historical and current data on the revenues and expenditures of the public junior colleges in Mississippi. The first section examines current unrestricted and restricted funds, indicating that the total revenues and expenditures for the educational and general (E&G) fund budgets of the colleges totalled $95 million in fiscal year 1982. Information is also provided on: (1) revenues from student fees, including data on average semester charges during the past decade, educational grants, and tuition charges in Mississippi contrasted with other southeastern states; (2) college support from county taxes, including data on statutory limits and requirements; (3) direct and indirect state support, including data on allocations for academic; vocational; part-time, evening, and summer academic; and associate degree nursing support; (4) revenue from federal funds; and (5) income from sales, services, and other sources. In addition, expenditures for E&G purposes are examined and the processes for local budgeting and making budget requests for state support are explained. The next section looks at revenues and expenditures related to auxiliary services, such as housing, food services, and stores. Finally, information on the financing of capital improvements is presented, including an overview of state appropriations for 1950 to 1982 and a discussion of expenditures from plant funds. (LAL)