STEP 2: Calculate the FTEs Created or Retained for this Quarter.
A. Determine the number of hours worked in positions created or saved by the Recovery Act within
the current quarter. For example, a full-time employee working 40 hours per week during the entire
quarter will work 520 hours in the quarterly reporting period.
B. Divide this number by the “ Quarterly Hours in a Full-Time Schedule ” number calculated in
STEP 1:
520 Hours Worked and Funded by Recovery Act / 520 Quarterly Hours in a Full-Time Schedule =
1.0 FTEs Created or Retained