Resignation letter from Bob Cox

To all the Society Members and the Board of Directors.

I am leaving my position as president of the Historical Society of Forest Park as of today, Oct. 4, 2014.

I am a financial conservative and a business practitioner with over 35 years of experience.

I fully believe in this tenet: "An organization should not spend more money than it takes in." The HSFP Constitution/Bylaws provide the important member's right to ask for the society's financial records. I have done this and expressed financial concern, specifically pertaining to the endowment fund, to the HS board multiple times over the last six months. This was done in the spirit of what is best for the sustainability and growth of the "Society." I laid out a viable solution that the Historical Society return to its longtime operations practice, an all-volunteer status. I have stated from the time I was elected to office in October 2013 that I will not support deficit spending of any type.

I will conclude with a detailed report in writing of my findings. The report will be submitted to the membership as provided by the Constitution/Bylaws at the October Annual Meeting.

Treasurer Lordan is also required to produce a complete financial report to the members as well.

For every action and non-action there are consequences. This speaks to responsibility with accountability, a scarce commodity with this board.

Making hard decisions, even if they are unpopular, goes with being a board member. I stand by mine.

Sincerely,

Robert Cox

Lifetime Member of the Historical Society of Forest Park