The Finance Council aids the Pastor of St. Edward's in making decisions that effect the budget of St. Edward's Catholic Community.

The Parish Finance Council is a consultative body authorized by Canon 537 of the 1983 Code of Canon Law, which states: "Each Parish is to have a Finance Council which is regulated by universal law as well as by norm issued by the diocesan bishops; in this council the Christian faithful, selected according to the same norms, aid the pastor in the administration of parish goods with due regard for the prescription of Canon 532."

Canon 532 states: "The pastor represents the parish in all juridic affairs in accord with the norm of law; he is to see to it that the goods of the parish are administered in accord with the norms of Canons 1281-1288."

Meetings are held quarterly and members volunteer their time to serve the parish for two years. All members are appointed by the Pastor.