Minnesota Management & Budget produces work force reports on a quarterly and fiscal year end basis. Minnesota Statutes 16A.122, subd. 3, requires that the measure of work force used in these reports is the Full-time Equivalent (FTE) position. FTE is calculated by totaling the number of hours paid and dividing by the number of available regular hours a full time employee could have worked for the reporting period. For example, a full time employee who started mid year would be counted as .50 FTE in a fiscal year end report. FTE includes full time, part time, seasonal, temporary, and overtime hours worked. Since one FTE can include more than one employee and overtime, it is not a head count of employees.