STATE COLLEGE — Penn State is reporting another record application year. President Eric Barron told school trustees at a Friday meeting that applications for the fall have passed last year’s record total of 126,450.

Barron also said online programs and funded faculty research are growing by double-digit percentage gains.

The trustees approved an interim operating and maintenance budget of $4.65 billion. It’s intended to keep the university operating beyond July 1 until trustees can approve a final spending plan for the 2015-16 school year.