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Intermediate Unit parking dispute and $55M revenue anticipation note draw scrutiny at IU committee report
Summary
Board members reported that Intermediate Unit officials entered a parking agreement after a July property sale, will shuttle employees at a projected non‑budgeted cost of about $78,000, and approved a $55 million revenue anticipation note; districts may face cost allocations.
Board members reported Wednesday on issues at the regional Intermediate Unit (IU) that drew concern, including a parking dispute that arose after a property sale and the IU's approval of a $55 million revenue anticipation note (RAN) to cover shortfall costs.
Board member Mr. Scholl told the Derry Area School District board that the IU learned on July 14 that a property between the Clearview School and the IU administration building had been sold to a group that no longer allowed IU employees to cross its property for parking. The IU subsequently entered an agreement with a nearby Masonic Lodge to provide parking and a shuttle; the arrangement and timeline were not reported to the IU board until an Aug. 26 meeting, Scholl said.
"The reason I bring this up is because the IU Board wasn't told of this until the August 26 meeting, even though this happened on July 14," Scholl said.
Scholl reported the shuttle and parking arrangement will cost the IU roughly $78,000 and said districts will be asked to share the expense; he noted the Derry district's portion might be about $8,000 but said he "might be a little off" on that number. Board members described the matter as "divisive" among IU trustees.
Scholl also reported that the IU approved a $55 million revenue anticipation note. He said the IU, which is not a taxing authority, took the RAN to cover expenses while state and federal funds have been delayed. District representatives said some school districts still owed money to the IU from last year and that the financing and parking decisions prompted additional board discussion.
The IU scheduled a virtual information session to discuss legal and operational matters on Sept. 10 (some board members referenced Sept. 11 in the meeting); the Derry board's report said the IU would provide a packet and timeline for shuttle operations to districts. Board members said the cost is non‑budgeted and will be returned to districts for payment.
Ending: Derry board members said they will monitor the IU's virtual information session and expect further details on cost allocation and timelines before any district payments are made.
