Audit 53871

Title: MATCHING COSTS Accounting Policies: GENERALThe accompanying schedule of expenditures of federal awards (the Schedule) presents the activity of all federal award programs of Equinox, Inc. and Affiliates (the Organization) under programs of the federal government for the year ended December 31, 2022 and has been prepared in conformity with accounting principles generally accepted in the United States of America. 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 Organization, it is not intended to, and does not, present the financial position, change in net assets, or cash flows of the Organization.2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized fulfilling cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. Matching costs, i.e., the Organizations share of certain program costs, are not included in the reported expenditures.