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IU reports extended‑school‑year enrollment; board-authorized contingency for $15 million revenue anticipation note
Summary
A regional intermediate unit report to the East Penn board said its extended school year served 244 students last summer (36 from East Penn) and that the IU authorized up to $15 million in a revenue anticipation note to cover cash‑flow shortfalls if the state budget impasse continues.
Doctor Whitney reported on Sept. 22 that the CLAU/Intermediate Unit board met Sept. 15 and reviewed its extended‑school‑year program and fiscal contingency planning. The IU served 244 students in classrooms last summer, with related services provided to an additional 124 students; 36 of those students were from East Penn.
Whitney said the IU operates sites at multiple schools and its own learning centers and recently launched a new website to improve accessibility after retiring an older content-management system.
On fiscal matters, the IU reported continued strain from the ongoing state budget impasse and the potential impact on early intervention, transportation and core services. Whitney said the IU board authorized the securing of a revenue anticipation note not to exceed $15,000,000 for the 2025–26 year, to be used only if needed to maintain operations. “As of now, the IU is not borrowing money, but the board did authorize up to $15,000,000 to cover any expenses should the state budget impasse continue,” Whitney said, explaining that a revenue anticipation note is a short-term municipal borrowing instrument expected to be repaid.
The report noted the IU is managing liquidity at present and has not drawn on the authorized note. The board did not take district-level fiscal action; Whitney’s report was informational to the East Penn board.
