On Wednesday, Mayor Vaughan told museum leadership if their 2012 audit was not turned in by Friday, the city would reconsider their loan and possibly pull its funding.

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GREENSBORO, N.C. -- The International Civil Rights Center and Museum turned in its 2012 audit - after missing two deadlines.

The audit was hand-delivered to Mayor Nancy Vaughan on Thursday afternoon.

On Wednesday, Mayor Vaughan told museum leadership if their 2012 audit was not turned in by Friday, the city would reconsider their loan and possibly pull its funding.

So far, the ICRCM has been paid $750,000 of its negotiated $1.5 million loan from the city.

"I think we are going to have to sit down next time we have a board meeting and really explain what our expectations are in that when we have a deadline, that is the deadline. You can put it in early if you want, but don't put it in late," said Mayor Nancy Vaughan, Greensboro.

The ICRCM leadership would not do an on-camera interview, but on Wednesday, the museum spokesperson said staff has been busy with their recent anniversary dinner, and that the audit was complex and time consuming.

The February first deadline was not a surprise for museum staff. In fact, it was an extension from the original January first deadline.

The entire loan agreement was laid out to museum leaders in September.

The agreement included when the museum would get its loan payments and what the museum had to do to keep the money.

"I think they absolutely got the message and I don't anticipate that this will happen again," said Mayor Vaughan.

George Clopton, Chairman of the ICRCM Board, released the following statement by e-mail:

"The Museum continues to gain momentum and is putting multiple initiatives in place to strengthen its fundraising, visitation and operations. We look forward to a continued partnership with the City and this community as we promote this national treasure."

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