The Lakewood Township Committee this evening will hold a vote to approve a new Chief Financial Officer for Lakewood Township, as the town’s longtime CFO, Bill Reiker, plans his retirement.

Mr. Reiker has been Lakewood’s CFO for over two decades, and is credited with ensuring Lakewood’s financial ability to grow exponentially, as it has during his time in the position.

The man replacing Mr. Reiker is Peter O’Reilly, whose most recent position was as the CFO for Red Bank, New Jersey.

The Finance Department which Mr. Reiker headed is primarily responsible for: administration of the Township’s annual budget, maintenance of the general ledger including accounting for all receipts and disbursements, bank reconciliations, debt administration (issuance of bonds and notes), investment of idle funds, and issuing payment checks to vendors.

“Bill has been a tremendous asset to the township of Lakewood,” Mayor Ray Coles told TLS. “As the town grew, his expertise allowed us to maintain a high level of service for residents while simultaneously keeping the township’s tax rate stable. I am sad to see him go, but he has more than earned his retirement. I look forward to working with Mr. O’Reilly to continue making Lakewood better for all its residents.”