In keeping with the directives of the 1983 Code of Canon Law and the policies of the Diocese of Raleigh for organization and operating a parish, the St. Michael Finance Council is an advisory body to the pastor in matters pertaining to the ordinary and extraordinary aspects of financial administration. The Council is responsible for ensuring that the parish operates with financial integrity and within its financial resources. The council makes regular reports to the parishioners, the pastor, and the diocese, and recommends courses of action to the pastor. The council oversees parish income and expenditures, and oversees the development of an annual budget. The Pastor appoints council members. The Finance Council is envisioned as a body of parishioners known for their spiritual maturity and love of Christ and endowed with either special competence in financial matters or prudent judgment. They offer their time and talent as a Christian service to assist the pastor in the development and management of the parish financial resources so that the parish may effectively pursue the spreading of Christ’s gospel and love.

The Finance Council has two oversight committees: Budget and Capital Planning.