In order to keep the $750,000 its been paid so far, the ICRCM had to turn in the 2012 audit by January 1. The deadline was extended to February 1.
GREENSBORO, N.C. - The Greensboro City Council voted to loan the International Civil Rights Center and Museum $1.5 million in September.
That loan came with conditions and the council decided instead of one lump sum, the money would be given in increments.
The city paid the first $400,000 30 days after the loan was approved. After the museum turned in its 2010 and 2011 audits, the city wrote a check for $350,000.
In order to keep the $750,000 its been paid so far, the museum had to turn in the 2012 audits by January first.
That deadline was extended to February first but as of Wednesday, February fifth, the city still doesn't have the audit.
"I spoke to museum leadership today and said that those audits have to be in by Friday and if they're not in by Friday, we are going to have to reconsider our resolution in support," said Mayor Nancy Vaughan, Greensboro.
Because the museum missed the deadline, the city can ask for the money its handed over back.
"They had the one extension, I think that we really needed to send a message that we were serious that when we said we wanted higher levels of accountability, that we meant they were going to have to turn their things in on time," said Mayor Vaughan.
WFMY News 2's Morgan Hightower reached out to the ICRCM's executive director and spokesperson, but neither would give an interview.
RLF Communications handles the museum's media requests. Monty Hagler, CEO and President, RLF Communications, told WFMY News 2 the delay was because museum staff was focused on and busy with their recent anniversary dinner. He added putting together the audit was complex, with several people working to get it complete.
Hagler said the audit would be on the city manager's desk by close of business on Friday.
"I think we structured a good loan, we did it in good faith, and now we just need to move forward with the conditions we put on the loan," said Mayor Vaughan.
Other conditions of this loan required the museum to establish an audit committee, and provide the city council with a sustainability plan by February first. Those requirements have been met.
The ICRCM will get it's next loan check for $500,000 in July - but only after the city gets the museum's 2013 audit.