As stipulated in the Conditional Use Permit of 2004, the University of St. Thomas provides $10,000 a year, effective July 1, 2005, for the council to use "at its discretion to address neighborhood issues related to the presence of the campus."

St. Thomas handles the financial record keeping for the council and has established a separate index number for the council's use. Funding proposals must be made through member organizations, and funding will be decided by committee vote.