Government Entities: Economic Outlook and Industry Update

Presented on:
April 28, 2021 10:00 AM PT
1 hour

The state of the economy plays a huge role in a government’s financial health, ability to meet obligations, and capacity to fulfil commitments and provide services.

Join us for our on-demand webcast, where we’ll address the current state of the economy, potential changes for 2021, and how the American Rescue Plan is helping states and local governments address negative impacts from COVID-19 and provide relief initiatives. We’ll also address gross domestic product (GDP) and employment trends, as well as other key topics, including:

  • Federal Reserve policies and inflation
  • High-level implications of the Biden administration’s tax policies
  • Stock market, bond market, and bond yield trends
  • Coronavirus State and Local Fiscal Recovery Fund and who will be receiving funding and how the funds are expected to be spent
  • Overview of Title XI—Subpart M—Section 9901: State and Local Government Portions of the ARPA-21 and what’s considered allowable spending


Michelle Walker, CFA, Director of Investment Strategy, Moss Adams

Michelle has worked in the financial services industry since 1993 and is experienced in multiasset class allocation, portfolio construction, and macroeconomic analysis as well as traditional and alternative manager due diligence. As director of investment strategy, Michelle leads our investment research and portfolio management team and the investment committee. She’s primarily responsible for aligning investment research and analysis in order to serve the needs of our clients, which includes providing perspectives and analysis on specific asset classes, manager strategies, news related to the investment marketplace, and regulatory issues to the investment committee.

Sheila Herrera, CPA, Senior Manager, Moss Adams

Sheila has practiced public accounting since 2006. She primarily works with government clients and specializes in audits of federal awards under the Uniform Grant Guidance. She’s a frequent speaker at state and local conferences and serves as a member of the firm’s single audit technical committee. Sheila’s responsible for developing training, audit programs, templates, providing comments on drafts of the compliance supplement, and updates to the American Institute of Certified Public Accountants (AICPA) audit guides. She also manages and assists audits of schools and universities, state agencies, and other industries, including government contractors, technology, life sciences, real estate, and not-for-profit.

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