Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) summarizes the activity of all federal award programs of Equinox, Inc. and Affiliates (the Organizations) under programs of the federal government for the year ended December 31, 2025. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organizations, it is not intended to, and does not, present the consolidated financial position, change in net assets, or cash flows of the Organizations.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Organizations elected to use the de minimis indirect cost rate as allowed under Uniform Guidance.
Matching costs, i.e., the Organizations’ share of certain program costs, are not included in the reported expenditures.