Results of a national study of budgetary control imposed upon 88 Ph.D. granting public universities by 49 state governments (excluding Alaska) are presented. A comparative analysis is provided of financial control practices in each state, along with an index that places these practices along a continuum. Information is included on the nature and character of state budget allocation, areas of campus flexibility and discretion, the disposition of tuition and other revenues, the nature of state regulation of positions and purchases, and the types of audits and other kinds of state controls. Using both national data provided by the National Center for Higher Education Management Systems and campus data, attention is directed to the relationship between financial and personnel control practices on the one hand, and university administrative expenditures, administrative salaries, and organizational elaborateness on the other. Based on regression analysis, there are no differences on the dependent measures between universities that enjoy a great deal of autonomy and those that are subjected to relatively heavy oversight. (SW)