My initial thoughts are that this is a wonderful idea to show some transparency on salaries. However, i feel that the main audience will be fellow employees. It can be beneficial if there were to be a download/export functionality in order to see/interpret the data as a group instead of individuals. This can also be seen as in the FAQ, many of the questions are related to individuals instead of a group. Citing that FOIL is the reason that this is a public record.
FY21/23 CUNY Budget:
This is a standard financial statement for large organizations. 5.2M -> 5.6M in revenue is a good. Even after the pandemic. There is even a drop of operating cost, from 5.4M -> 5.1M. Is this a sign that leadership will ok with downsizing staff? around 200K in drop of full time instructors or a reduction of part time instructors.
These types of documents are meant to be compared to prior financial statements over a five year period.
For 2018, we see 4.9M in Revenue and 5.0M in expenses. So we can see that they are changing the way how they spend/receive.
my main takeaway is that these organizations are similar to banks in the “too big to fail” and will always have a backup somewhere.