The Finance Council is comprised of lay persons who advise the Pastor on matters pertaining to financial affairs of the parish. The Finance Council consists of a minimum of four members, three ex-offio members (the Pastor, the Associate Pastor and the Pastoral Council Liaison), the 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 Finance 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 Finance Council also makes recommendations to the Pastor regarding the investment of parish funds.