The main functions of the Committee are:
- to prepare the Administration Estimate and Members Estimate for submission to the House of Commons Commission and the Members Estimate Committee respectively;
- to monitor the financial performance of the House Administration; and
- to report to the House of Commons Commission, the Members Estimate Committee or the Speaker on the financial and administrative implications of recommendations made to them by other Committees of the House.
The Committee has eleven members: in practice including the Chair of the Administration Committee and the Chairman of Ways and Means. It is chaired by a member of the House of Commons Commission. It meets approximately once a month when the House is sitting. Meetings are usually held in private and the Committee is assisted by the Director of Finance and other House staff as appropriate.