The revised code of Canon Law requires that a Parish Finance Council exist in every parish. The principal responsibilities of the Parish Finance council are as follows:
- to assist the pastor in rendering an account of the finances of the parish to the local ordinary;
- to assist the pastor in making the appropriate report to the faithful of the parish at least annually concerning parish revenues and expenditures;
- to assist the pastor by providing counsel, when requested, concerning the general care and administration of parish, property and finances.