What is an FTE?
FTE stands for “full-time equivalent”. Determining what constitutes an FTE varies from institution to institution. Some colleges determine FTE by clock hours or contact hours per week or per month. The CVTEA accepts the method used by the institution for determining an FTE; however, some institutional accrediting agencies may have requirements on how to determine FTE.
FTE stands for Full Time Equivalent. To calculate the number of FTEs, add together all “uncovered” employee hours worked during a quarter and divide by 520. Hours over 520, per employee during the reporting quarter, do not have to be counted. For the purpose of calculating FTEs, the phrase “hours worked during a calendar quarter” means hours worked during all pay periods in that quarter for which gross wages were reported as paid, up to 520 hours, per employee, per quarter. An FTE shall not include any hours attributable to an employee who meets the “seasonal” or “part-time” definition as defined within.
