I cant see that anyone has spoken about the formula to calculate the number of FTE's and this can be quite important.
Typically, its not as easy as you might think. The full time employee count also takes into account part time employees......
The formula published by Microsoft is as follows:
Full time Faculty + Part time Faculty - divided by 3 + Full time Staff + Part time staff - divided by 3
As an example, a school with 10 full time faculty, 30 part time faculty, 10 full time staff and 15 Part time staff would have the following FTE's:
10+10+10+5 = a total of 35 FTE's.