Canon #537 of the universal Code of Canon Law mandates that "each parish is to have a Finance Council which is regulated by universal law as well as by norms issued by the diocesan bishop; in this council the Christian faithful, selected according to the same norms, aid the pastor in the administration of the parish goods.”

The Saint Elizabeth Parish Finance Council meets on a quarterly basis in order to prepare and manage with the pastor the annual budgets for the parish and school; they review monthly reports of revenue and expenses; and they attend to any extraordinary matters as they relate to the operation of the parish, including capital expenditures.

The current membership of the Saint Elizabeth Parish Finance Council includes Mark Bronder, Fr. Dale DeNinno, Peter Diulus, John Echement, George Liotus, George Pry and John Schmotzer.