The Code of Canon Law mandates the establishment of a finance committee in every parish (Canon #537).
It is the responsibility of the pastor to convene and manage the work of the finance committee within the norms, policies and procedures established by the diocese. The finance committee assists the pastor in formulating and managing the parish budget. Finance councils oversee fundraising efforts, monitor expenditures or capital campaigns. The parish council and the finance committee work together and are complementary to each other.