Prime recipients of Recovery awards are required to report
of jobs either saved or created by their respective award(s).
The Office of Management and Budget issued guidelines that
recipients to take the total number of Recovery Act funded hours
worked in a
quarter, and divide by the number of hours of a full-time
schedule in a quarter
as defined by the recipient.
For example, if three of the recipient’s employees worked on
Recovery-funded project for a total of 1300 hours in a given
quarter, and the
recipient defines a full-time schedule as 520 hours per quarter
(40 hours per
week for 13 weeks), the recipient would report that the
(FTE) of 2.5 jobs has been created or retained (1300/520 = 2.5).