How do I calculate my FTEs?

An FTE is the hours worked by one employee on a full-time basis. The concept is used to convert the hours worked by several part-time employees into the hours worked by full-time employees. On an annual basis, an FTE is considered to be 2,080 hours, which is calculated as 8 hours per day or 40 hours per week. To calculate the number of FTEs for February 29th and June 30th:

  1. For all fulltime employees, please count each full time employee as 1 FTE.
  2. For part-time employees, please add up the total number of hours worked by all part-time employees in the month of February/June, multiply this number by 12, and divide it by 2,080.
  3. Add your part-time number of FTEs with your full-time number of FTEs to get your total.

(Total # of full-time staff) + ((Total hours worked by all part-time staff in Feb x 12)/2080) = Total FTEs

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1. What if we don’t have one owner that owns 51% of our business? Am I still eligible?
2. As a local franchise owner, am I eligible?
3. I am a sole proprietor. Am I eligible?
4. What if my business has been open for less than one year? Am I still eligible?
5. How do I calculate my maximum eligible award for this grant program?
6. What if our business is located in multiple eligible localities (example, both Christiansburg and Blacksburg)?
7. Must my business be a ‘brick and mortar’ business to be eligible?
8. If I received PPP, EIDL or an SBA loan am I still eligible?
9. In Section D. Required documentation, should I just include items that we have purchased for dealing with COVID? Or can I list expenses incurred during the time we have been temporarily closed?
10. The application lists utilities as applicable for reimbursement. I have a payment due to the Town. The application also states reimbursement funds cannot be used for items that are due to the Town?
11. What qualifies as acceptable documentation for expenses for which I am requesting grant funds?
12. My business is in Montgomery County. I am currently registered to do business in the County, but do not have any paperwork. What should I use to document this?
13. How do I calculate my FTEs?
14. What exactly are you asking for in section D.1?
15. Can I submit a W-3 instead of a W-9?
16. I am a sole proprietor and don’t have a Form FC 20, what do I do?