d. The estimate of the number of jobs created or retained by the Recovery Act should be
expressed as “full-time equivalents” (FTE). In calculating an FTE, the number of actual hours
worked in funded jobs is divided by the number of hours representing a full work schedule for
the kind of job being estimated. These FTEs are then adjusted to count only the portion
corresponding to the share of the job funded by Recovery Act funds. Alternatively, in cases
where accounting systems track the billing of workers’ hours to Recovery Act and non-Recovery
Act accounts, recipients may simply count the number of hours funded by the Recovery Act and
divide by the number of hours in a full-time schedule.