The Finance Council is comprised of lay persons who advise the pastor on matters pertaining to financial affairs of the parish. The Council consists of a minimum of four members, two ex-offio members (the pastor, and the Chairperson of the Pastoral Council), the parish bookkeeper, and a recording secretary. They usually meet monthly. The Pastor appoints members, usually for three-year terms, with a possible extension to a second three-year term.

The major responsibilities of the Council are to prepare and approve the parish budget and financial reports, ensure that parish finances are managed in an effective manner, review the financial position of the parish, and work to safeguard the financial assets of the parish. The Council also makes recommendations to the pastor regarding the investment of parish funds.