'Missing' museum funds found to have gone toward fixed asset expenses
February 06, 2012
A month after questions were raised about the whereabouts of more than $1.6 million in donations made to the bankrupt Fredericksburg, Virginia-based U.S. National Slavery Museum in 2005, the museum has claimed the funds did not go missing at all, but were in fact put toward "various fixed assets
," the Free Lance-Star reports.
"I do not find anything to suggest the $1,653,596.07 in new fixed additions is baseless or inaccurate," said museum accountant William Allen Jones in a recent bankruptcy court filing, as quoted by the news source.
He found that much of the money went to design and construction companies, including New York-based Pei Partnership Architects, which designed the museum.
According to the museum's lawyer, Sandra Robinson, Jones will be conducting a deeper fixed asset
audit to ensure all expenditures are above-board and accounted for.
The Associated Press notes that the museum is hoping to "emerge from bankruptcy protection and resume fundraising." It is currently in chapter 11 bankruptcy while it reorganizes its $7 million debt.