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Membership
Membership is set at a maximum of 9 members, each serving a 3-year term. Three members are replaced each calendar year and are selected at random in the fall from those who have expressed an interest in serving on the council. Terms commence on January 1 and expire on December 31 in the year of their expired term. Consecutive terms are limited to two years; an absence of at least 1 full year is required before full-term eligibility resumes. Current member names are listed in the Sunday Bulletin.

Meetings
The Finance Council holds at least one meeting per month, usually the third Monday of the month. Dates, times, and locations of the meetings are announced in the Sunday bulletin.