A record in that data is defined as a particular high in a particular city on a particular day. The data goes back 145 years in Los Angeles.
So if it is the hottest May 24th ever that would be a record.
If everyday followed an identical and uncorrelated distribution then we would expect that 1/145 days would be record.
In your IQ example imagine if you had a school with 365 separate classrooms with 144 students in each one. A new 145th student then enters each classroom. The chance that the new student is the one with the highest IQ is 1/145. So in the universe of the 365 classrooms you'd expect 2 new IQ records to be set.