This report discusses findings and implications of a study commissioned by the College Board to inform the development of the Voluntary Framework of Accountability for Community Colleges. CCRC researchers identified the performance indicators that states are already using for their community colleges and interviewed state higher education officials and local community college leaders on their experiences with the collection and use of such performance data. Specifically, the CCRC examined: (1) the content of state performance accountability systems, focusing on what performance indicators are most common across states; (2) the extent of the compatibility of those state performance data with the data required by the Integrated Postsecondary Education Data System (IPEDS) and the regional accreditation associations; (3) the ways that the states make public the performance data they collect on community colleges and how community colleges are compared to each other; (4) the ways that the performance data are collected by states and the ways that state and local community college officials assess the data collection process; and (5) the ways that performance data are used by state and local community college officials in deciding making and the ways that each assesses the data usage process. The report makes recommendations regarding which performance indicators to consider, how to better measure indicators, ways to make the collection of performance data easier for community colleges, and ways to encourage better use of performance data. (Contains 12 tables and 24 notes.) [This report was prepared with the assistance of Sue Clery, Elif Bor, Ellen Frishberg, and Amy Topper.]