How do I calculate the number of FTE for reporting jobs created and retained?
OMB Memorandum M-10-08 specifies the methodology that should be used for determining the number of FTE for jobs reporting. It is important to consistently follow this methodology and retain documentation/information that supports the number of jobs reported. For salaried employees, only the portion of activities (expressed as a percent of an individual’s total activities) directly charged to an ARRA award should be used in calculating the FTE. To calculate the FTE for salaried employees, the following formula should be used: FTE = Sum of an employee’s percent of effort funded by the Recovery Act during each month of a reporting quarter 3 months This methodology is consistent with the alternative calculation described in OMB Memorandum M-10-18 for complying with OMB Circular A-21 (Cost Principles for Educational Institutions). Example A – a staff research associate’s (SRA) effort was charged 50% during the first month, 75% during the second month and 100% during the third month of a Rec
