PARIS — In an effort to close out the fiscal year without borrowing any money, selectmen unanimously agreed Monday to freeze spending on capital expenditures.

“Our budget is in fairly good shape, but our revenues are going to be hit a little bit because of the loss of state revenue sharing,” Town Manager Philip Tarr said. “Some of our smaller amounts of revenue are not going to be realized in the amounts that they should.”

Tarr told selectmen at their last meeting Jan. 11 that $1,116,000 was available in the town’s checking account. He said it costs $450,000 a month to pay municipal expenses and the town’s share in the Oxford Hills School District, and that $83,000 in state revenue sharing would be removed under proposed state budget cuts.

Tarr said freezing the capital expenditures would help ensure that the town would have a proper cash flow to reach the end of the fiscal year June 30.

The town approved $313,500 in capital improvements for the 2009-2010 fiscal year. That amount was offset by $19,000 from the salt shed account and $39,486 from the landfill account to reduce the capital improvements budget to $255,014.

The largest expense in the budget calls for $275,000 to be put toward road maintenance, paving, and reconstruction. Other expenditures sought improvements to municipal buildings and equipment, including the replacement of about 700 square feet of carpeting and tile in the police station, the replacement of seven sets of bunker pants and turnout jackets for the Fire Department, and maintenance on three overhead doors at the Highway Department building.

As of Tuesday, the town had spent $27,676.75 on capital improvement projects and received $4,001 from the sale of a Fire Department vehicle. Only $7,247.29 has been spent on road projects. Finance clerk and Deputy Treasurer Sharon Gendreau said the town had been waiting to see whether voters would approve a reduction in the excise tax before starting the road projects.

Other expenditures to date included decommissioning two police vehicles and setting up two new ones, converting a former police vehicle to one for the fire chief, and $4,872 spent out of a $10,500 budget for the purchase of the bunker pants and turnout jackets.

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