Preheat oven to 350 degrees and coat a 9x13 inch baking pan with non-stick spray.
Add buttermilk, eggs and oil and mix well until combined. Stir in extract.
Beat cream cheese and butter until fluffy, about 2 minutes on med/high speed with an electric mixer.
Gradually add in confectioners sugar, mixing well to combine. Stir in vanilla extract until incorporated.
Crumble cooled cake by hand or in a food processor until fine crumbs.
Melt coating according to package instructions. Dip the end of each lollipop stick or straw into the coating, then stick in each ball and allow to harden before dipping.
Special Equipment: Small Ice Cream Scoop, Lollipop Sticks. Styrofoam Block