July 16, 2007
Posted: July 16th, 2007 09:30 AM ET

From

McCain has more cash on hand than previously estimated.

WASHINGTON (CNN) - Sen. John McCain began the month of July with $3.2 million in his presidential campaign bank account, more than the $2 million his aides estimated last week.

But a McCain campaign aide tells CNN that only $1.9 million of the Arizona senator's warchest can be used in his bid for the GOP presidential nomination.

McCain trails far behind former New York City Mayor Rudy Giuliani, who reported a bank account of $18.3 million, and former Massachusetts Gov. Mitt Romney, who reported $12.1 million in his coffers.

Though Romney spent $20.7 million from April through June, more than any other Republican candidate, he still enjoys a sizeable campaign warchest due in large part to roughly $8.9 million he has loaned himself from his personal funds.

McCain reported owing $1.8 million in debts as of June 30. Last week, sources close to McCain told CNN that the senator would have only $250,000 in available cash if all debts were due immediately.

All the presidential candidates filed detailed financial reports with the Federal Election Commission over the weekend.

Read on for a complete run-down of the Republican field:

Brownback (R)

Total Receipts 2nd Qtr. $1,425,766.58
Total Disbursements 2nd Qtr. $1,798,492.71

Total Receipts campaign-to-date $3,321,965.07
Total Disbursements campaign-to-date $2,861,728.68

Cash on Hand as of 6/30/2007 $460,236.39
Debts as of 6/30/2007 $0.00

Burn rate, 2nd Qtr. 126.1%
Burn rate, campaign-to-date 86.1%

Total Receipts 2nd Qtr. $1,425,766.58
Total Contributions 2nd Qtr. $1,419,943.38
* Contribs from individuals 2nd Qtr. $1,397,658.38
* Contribs from Party Committees 2nd Qtr. $250.00
* Contribs from PACs 2nd Qtr. $22,035.00
* Contribs from the Candidate 2nd Qtr. $0.00
Transfers From Other Cmtes 2nd Qtr. $0.00
Total Loans 2nd Qtr. $0.00
* Loans from/guaranteed by Candidate 2nd Qtr. $0.00
* Other Loans 2nd Qtr. $0.00

Total Disbursements 2nd Qtr. $1,798,492.71

Total Receipts campaign-to-date $3,321,965.07
Total contributions campaign-to-date $2,736,107.96
* Contribs from individuals campaign-to-date $2,695,147.96
* Contribs from Party Committees campaign-to-date $300.00
* Contribs from PACs campaign-to-date $40,635.00
* Contribs from the Candidate campaign-to-date $25.00
Transfers from Other Cmtes campaign-to-date $575,000.00
Total Loans campaign-to-date $0.00
* Loans received/guaranteed by Cand. campaign-to-date $0.00
* Other Loans campaign-to-date $0.00

Total Disbursements campaign-to-date $2,861,728.68

Gilmore (R) – dropped out 7/14/2007

Total Receipts 2nd Qtr. $187,796.16
Total Disbursements 2nd Qtr. $216,138.63

Total Receipts campaign-to-date $391,693.15
Total Disbursements campaign-to-date $329,928.49

Cash on Hand as of 6/30/2007 $61,764.66
Debts as of 6/30/2007 $128,927.37

Burn rate, 2nd Qtr. 115.1%
Burn rate, campaign-to-date 84.2%

Total Receipts 2nd Qtr. $187,796.16
Total Contributions 2nd Qtr. $182,096.16
* Contribs from individuals 2nd Qtr. $176,096.16
* Contribs from Party Committees 2nd Qtr. $0.00
* Contribs from PACs 2nd Qtr. $6,000.00
* Contribs from the Candidate 2nd Qtr. $0.00
Transfers From Other Cmtes 2nd Qtr. $0.00
Total Loans 2nd Qtr. $5,700.00
* Loans from/guaranteed by Candidate 2nd Qtr. $2,000.00
* Other Loans 2nd Qtr. $3,700.00

Total Disbursements 2nd Qtr. $216,138.63

Total Receipts campaign-to-date $391,693.15
Total contributions campaign-to-date $356,886.16
* Contribs from individuals campaign-to-date $348,636.16
* Contribs from Party Committees campaign-to-date $250.00
* Contribs from PACs campaign-to-date $8,000.00
* Contribs from the Candidate campaign-to-date $0.00

Transfers from Other Cmtes campaign-to-date $0.00
Total Loans campaign-to-date $34,804.03
* Loans received/guaranteed by Cand. campaign-to-date $2,000.00
* Other Loans campaign-to-date $32,804.03

Total Disbursements campaign-to-date $329,928.49

Giuliani (R)

Total Receipts 2nd Qtr. $17,599,291.85
Total Disbursements 2nd Qtr. $11,222,806.07

Total Receipts campaign-to-date $35,629,265.38
Total Disbursements campaign-to-date $17,303,045.09

Cash on Hand as of 6/30/2007 $18,326,220.29
Debts as of 6/30/2007 $0.00

Burn rate, 2nd Qtr. 63.8%
Burn rate, campaign-to-date 48.6%

Total Receipts 2nd Qtr. $17,599,291.85
Total Contributions 2nd Qtr. $17,470,122.48
* Contribs from individuals 2nd Qtr. $17,351,837.48
* Contribs from Party Committees 2nd Qtr. $1,250.00
* Contribs from PACs 2nd Qtr. $117,035.00
* Contribs from the Candidate 2nd Qtr. $0.00
Transfers From Other Cmtes 2nd Qtr. $0.00
Total Loans 2nd Qtr. $0.00
* Loans from/guaranteed by Candidate 2nd Qtr. $0.00
* Other Loans 2nd Qtr. $0.00

Total Disbursements 2nd Qtr. $11,222,806.07

Total Receipts campaign-to-date $35,629,265.38
Total contributions campaign-to-date $33,547,792.28
* Contribs from individuals campaign-to-date $33,327,384.28
* Contribs from Party Committees campaign-to-date $1,250.00
* Contribs from PACs campaign-to-date $219,158.00
* Contribs from the Candidate campaign-to-date $0.00
Transfers from Other Cmtes campaign-to-date $1,950,000.00
Total Loans campaign-to-date $0.00
* Loans received/guaranteed by Cand. campaign-to-date $0.00
* Other Loans campaign-to-date $0.00

Total Disbursements campaign-to-date $17,303,045.09

Huckabee (R)

Total Receipts 2nd Qtr. $765,873.13
Total Disbursements 2nd Qtr. $702,622.33

Total Receipts campaign-to-date $1,310,753.05
Total Disbursements campaign-to-date $873,583.97

Cash on Hand as of 6/30/2007 $437,169.08
Debts as of 6/30/2007 $31,044.88

Burn rate, 2nd Qtr. 91.7%
Burn rate, campaign-to-date 66.6%

Total Receipts 2nd Qtr. $765,873.13
Total Contributions 2nd Qtr. $763,617.86
* Contribs from individuals 2nd Qtr. $747,117.86
* Contribs from Party Committees 2nd Qtr. $15,500.00
* Contribs from PACs 2nd Qtr. $1,000.00
* Contribs from the Candidate 2nd Qtr. $0.00
Transfers From Other Cmtes 2nd Qtr. $0.00
Total Loans 2nd Qtr. $0.00
* Loans from/guaranteed by Candidate 2nd Qtr. $0.00
* Other Loans 2nd Qtr. $0.00

Total Disbursements 2nd Qtr. $702,622.33

Total Receipts campaign-to-date $1,310,753.05
Total contributions campaign-to-date $1,308,497.78
* Contribs from individuals campaign-to-date $1,274,797.78
* Contribs from Party Committees campaign-to-date $15,500.00
* Contribs from PACs campaign-to-date $18,200.00
* Contribs from the Candidate campaign-to-date $0.00
Transfers from Other Cmtes campaign-to-date $0.00
Total Loans campaign-to-date $0.00
* Loans received/guaranteed by Cand. campaign-to-date $0.00
* Other Loans campaign-to-date $0.00

Total Disbursements campaign-to-date $873,583.97

Hunter (R)

Total Receipts 2nd Qtr. $814,417.18
Total Disbursements 2nd Qtr. $874,042.48

Total Receipts campaign-to-date $1,352,941.26
Total Disbursements campaign-to-date $1,140,014.37

Cash on Hand as of 6/30/2007 $212,926.89
Debts as of 6/30/2007 $0.00

Burn rate, 2nd Qtr. 107.3%
Burn rate, campaign-to-date 84.3%

Total Receipts 2nd Qtr. $814,417.18
Total Contributions 2nd Qtr. $806,282.68
* Contribs from individuals 2nd Qtr. $796,282.68
* Contribs from Party Committees 2nd Qtr. $0.00
* Contribs from PACs 2nd Qtr. $10,000.00
* Contribs from the Candidate 2nd Qtr. $0.00
Transfers From Other Cmtes 2nd Qtr. $0.00
Total Loans 2nd Qtr. $0.00
* Loans from/guaranteed by Candidate 2nd Qtr. $0.00
* Other Loans 2nd Qtr. $0.00

Total Disbursements 2nd Qtr. $874,042.48

Total Receipts campaign-to-date $1,352,941.26
Total contributions campaign-to-date $1,308,706.76
* Contribs from individuals campaign-to-date $1,268,433.76
* Contribs from Party Committees campaign-to-date $0.00
* Contribs from PACs campaign-to-date $40,273.00
* Contribs from the Candidate campaign-to-date $0.00
Transfers from Other Cmtes campaign-to-date $36,000.00
Total Loans campaign-to-date $0.00
* Loans received/guaranteed by Cand. campaign-to-date $0.00
* Other Loans campaign-to-date $0.00
Total Disbursements campaign-to-date $1,140,014.37

McCain (R)

Total Receipts 2nd Qtr. $11,591,043.81
Total Disbursements 2nd Qtr. $13,071,657.42

Total Receipts campaign-to-date $25,328,694.10
Total Disbursements campaign-to-date $21,926,630.75

Cash on Hand as of 6/30/2007 $3,224,427.60
Debts as of 6/30/2007 $1,783,523.24

Burn rate, 2nd Qtr. 112.8%
Burn rate, campaign-to-date 86.6%

Total Receipts 2nd Qtr. $11,591,043.81
Total Contributions 2nd Qtr. $11,265,696.28
* Contribs from individuals 2nd Qtr. $11,165,982.43
* Contribs from Party Committees 2nd Qtr. $0.00
* Contribs from PACs 2nd Qtr. $99,713.85
* Contribs from the Candidate 2nd Qtr. $0.00
Transfers From Other Cmtes 2nd Qtr. $0.00
Total Loans 2nd Qtr. $0.00
* Loans from/guaranteed by Candidate 2nd Qtr. $0.00
* Other Loans 2nd Qtr. $0.00
Total Disbursements 2nd Qtr. $13,071,657.42
Total Receipts campaign-to-date $25,328,694.10
Total contributions campaign-to-date $24,935,481.77
* Contribs from individuals campaign-to-date $24,531,069.92
* Contribs from Party Committees campaign-to-date $2,100.00
* Contribs from PACs campaign-to-date $402,311.85
* Contribs from the Candidate campaign-to-date $0.00
Transfers from Other Cmtes campaign-to-date $6,000.00
Total Loans campaign-to-date $0.00
* Loans received/guaranteed by Cand. campaign-to-date $0.00
* Other Loans campaign-to-date $0.00
Total Disbursements campaign-to-date $21,926,630.75

Paul (R)

Total Receipts 2nd Qtr. $2,369,452.95
Total Disbursements 2nd Qtr. $539,517.01

Total Receipts campaign-to-date $3,009,996.95
Total Disbursements campaign-to-date $655,141.63

Cash on Hand as of 6/30/2007 $2,354,855.32
Debts as of 6/30/2007 $0.00

Burn rate, 2nd Qtr. 22.8%
Burn rate, campaign-to-date 21.8%

Total Receipts 2nd Qtr. $2,369,452.95
Total Contributions 2nd Qtr. $2,366,347.61
* Contribs from individuals 2nd Qtr. $2,364,328.41
* Contribs from Party Committees 2nd Qtr. $0.00
* Contribs from PACs 2nd Qtr. $2,019.20
* Contribs from the Candidate 2nd Qtr. $0.00
Transfers From Other Cmtes 2nd Qtr. $0.00
Total Loans 2nd Qtr. $0.00
* Loans from/guaranteed by Candidate 2nd Qtr. $0.00
* Other Loans 2nd Qtr. $0.00

Total Disbursements 2nd Qtr. $539,517.01

Total Receipts campaign-to-date $3,009,996.95
Total contributions campaign-to-date $3,006,891.61
* Contribs from individuals campaign-to-date $3,002,817.57
* Contribs from Party Committees campaign-to-date $0.00
* Contribs from PACs campaign-to-date $4,074.04
* Contribs from the Candidate campaign-to-date $0.00
Transfers from Other Cmtes campaign-to-date $0.00
Total Loans campaign-to-date $0.00
* Loans received/guaranteed by Cand. campaign-to-date $0.00
* Other Loans campaign-to-date $0.00

Total Disbursements campaign-to-date $655,141.63

Romney (R)

Total Receipts 2nd Qtr. $20,997,715.31
Total Disbursements 2nd Qtr. $20,739,814.25

Total Receipts campaign-to-date $44,432,349.56
Total Disbursements campaign-to-date $32,310,795.71

Cash on Hand as of 6/30/2007 $12,121,553.85
Debts as of 6/30/2007 $8,945,028.22

Burn rate, 2nd Qtr. 98.8%
Burn rate, campaign-to-date 72.7%

Total Receipts 2nd Qtr. $20,997,715.31
Total Contributions 2nd Qtr. $14,061,386.23
* Contribs from individuals 2nd Qtr. $13,917,800.57
* Contribs from Party Committees 2nd Qtr. $0.00
* Contribs from PACs 2nd Qtr. $82,150.00
* Contribs from the Candidate 2nd Qtr. $61,435.66
Transfers From Other Cmtes 2nd Qtr. $20,159.89
Total Loans 2nd Qtr. $6,500,000.00
* Loans from/guaranteed by Candidate 2nd Qtr. $6,500,000.00
* Other Loans 2nd Qtr. $0.00

Total Disbursements 2nd Qtr. $20,739,814.25

Total Receipts campaign-to-date $44,432,349.56
Total contributions campaign-to-date $35,044,174.46
* Contribs from individuals campaign-to-date $34,757,438.80
* Contribs from Party Committees campaign-to-date $0.00
* Contribs from PACs campaign-to-date $223,000.00
* Contribs from the Candidate campaign-to-date $63,735.66
Transfers from Other Cmtes campaign-to-date $20,159.89
Total Loans campaign-to-date $8,850,000.00
* Loans received/guaranteed by Cand. campaign-to-date $8,850,000.00
* Other Loans campaign-to-date $0.00

Total Disbursements campaign-to-date $32,310,795.71

Tancredo (R)

Total Receipts 2nd Qtr. $1,466,188.08
Total Disbursements 2nd Qtr. $1,474,791.21

Total Receipts campaign-to-date $2,807,879.07
Total Disbursements campaign-to-date $2,209,606.02

Cash on Hand as of 6/30/2007 $598,451.05
Debts as of 6/30/2007 $15,000.00

Burn rate, 2nd Qtr. 100.6%
Burn rate, campaign-to-date 78.7%

Total Receipts 2nd Qtr. $1,466,188.08
Total Contributions 2nd Qtr. $1,465,776.42
* Contribs from individuals 2nd Qtr. $1,465,701.42
* Contribs from Party Committees 2nd Qtr. $0.00
* Contribs from PACs 2nd Qtr. $0.00
* Contribs from the Candidate 2nd Qtr. $75.00
Transfers From Other Cmtes 2nd Qtr. $0.00
Total Loans 2nd Qtr. $0.00
* Loans from/guaranteed by Candidate 2nd Qtr. $0.00
* Other Loans 2nd Qtr. $0.00

Total Disbursements 2nd Qtr. $1,474,791.21

Total Receipts campaign-to-date $2,807,879.07
Total contributions campaign-to-date $2,777,131.38
* Contribs from individuals campaign-to-date $2,700,756.38
* Contribs from Party Committees campaign-to-date $800.00
* Contribs from PACs campaign-to-date $75,500.00
* Contribs from the Candidate campaign-to-date $75.00
Transfers from Other Cmtes campaign-to-date $30,000.00
Total Loans campaign-to-date $0.00
* Loans received/guaranteed by Cand. campaign-to-date $0.00
* Other Loans campaign-to-date $0.00

Total Disbursements campaign-to-date $2,209,606.02

Thompson, Tommy (R)

Total Receipts 2nd Qtr. $486,554.82
Total Disbursements 2nd Qtr. $504,630.60

Total Receipts campaign-to-date $890,397.90
Total Disbursements campaign-to-date $768,750.23

Cash on Hand as of 6/30/2007 $121,647.67
Debts as of 6/30/2007 $127,434.40

Burn rate, 2nd Qtr. 103.7%
Burn rate, campaign-to-date 86.3%

Total Receipts 2nd Qtr. $486,554.82
Total Contributions 2nd Qtr. $461,267.96
* Contribs from individuals 2nd Qtr. $440,279.96
* Contribs from Party Committees 2nd Qtr. $0.00
* Contribs from PACs 2nd Qtr. $7,799.00
* Contribs from the Candidate 2nd Qtr. $13,189.00
Transfers From Other Cmtes 2nd Qtr. $0.00
Total Loans 2nd Qtr. $25,000.00
* Loans from/guaranteed by Candidate 2nd Qtr. $25,000.00
* Other Loans 2nd Qtr. $0.00

Total Disbursements 2nd Qtr. $504,630.60

Total Receipts campaign-to-date $890,397.90
Total contributions campaign-to-date $788,611.04
* Contribs from individuals campaign-to-date $757,008.04
* Contribs from Party Committees campaign-to-date $0.00
* Contribs from PACs campaign-to-date $8,799.00
* Contribs from the Candidate campaign-to-date $22,804.00
Transfers from Other Cmtes campaign-to-date $0.00
Total Loans campaign-to-date $100,000.00
* Loans received/guaranteed by Cand. campaign-to-date $100,000.00
* Other Loans campaign-to-date $0.00

Total Disbursements campaign-to-date $768,750.23

Filed under: Presidential Candidates • Race to '08 • Second quarter fundraising


Devin Rentz Portland, OR   July 17th, 2007 2:07 pm ET

If this is how Republicans manage campaigns, think of how they would run the country, not on voluntary donations, but your tax dollars! YIKES!

RON PAUL, the only conservative in the running.

Alex   July 16th, 2007 8:23 pm ET

This article is very misleading. Any accountant can tell you that Assets = Liabilities + Shareholder Equity. Giuliani has a commanding leading in Net Assets which is what really matters, followed by a distant Romney, then Ron Paul less than a million behind him, then McCain trailing by 2 million.

By CNN's logic, I'm a suddenly a millionaire if I get approved for a $1,000,000 mortgage. Give me a break! The net assets ordering:
1) Giuliani 18M
2) Romney 3M
3) Ron Paul 2M
4) McCain 1M

At Romney's spending rate, Ron Paul is poised to take the #2 Net Assets slot in the third quarter. Giuliani should remain comfortably in the lead.

LadyKofNYC   July 16th, 2007 7:26 pm ET

Hopefully McCain will drop out before the next Republican debate so we wont have to listen him drone on and on about absolutely nothing or hear him say "my friends" a hundred thousand times again.

Matt Hays, Arlington Texas   July 16th, 2007 4:47 pm ET

If McCain can continue to raise some cash he may be able to stay the course. No great thing is accomplished without enduring great hardship.

Cathy, Olathe, Kansas   July 16th, 2007 3:57 pm ET

Oh, and as an aside, the title does seem strange based on the fact that 1. Only $1.9 million of McCain's cash on hand can be used in the in his bid for the Republican nomination. 2. If all his debts were due immediately, he would have only $250,000.

Debts don't sound like much of a "warchest", and it's a long way until the General Election.

Cathy, Olathe, Kansas   July 16th, 2007 3:35 pm ET

I like the way the writer of this article thinks...in terms of analyzing all numbers.

The numbers are indeed telling. I think if we look at the way the candidates manage money in a campaign, we will get some indication of their approach to finances in government. Some burn through money faster than they get it, some spend most of their money and count on receiving at least as much in the next quarter. Others (few) plan carefully and save enough to make sure they have money at the end.

We can consider what it is we want in a president, in that regard.

Gary Watson, Calabasas, CA   July 16th, 2007 3:15 pm ET

Odd that CNN considers Ron Paul a second-tier candidate when he shows such obvious growth in fundrasing. This article is a humorous microcosm of what kind of financial leadership to expect from each candidate. Paul spends only 20% of his quarterly income while others spend more than they broght in, just like they do when they are looting the treasury for their pet pork-barrel projects.

L. Quinn, Chicago, IL   July 16th, 2007 3:11 pm ET

Romney & McCain both look like they're spending money like a drunken sailor!

The Right’s Field » More Q2 Fundraising: McCain, Brownback, Huckabee   July 16th, 2007 11:30 am ET

[...] has the full details about the GOP candidates' second quarter fundraising, now that all the numbers have been released. The lede notes that McCain has slightly more [...]

Pixie, Murfreesboro, TN   July 16th, 2007 11:11 am ET

Is this including the people who are paying him NOT to run?

bret, atl, ga   July 16th, 2007 10:53 am ET

Look at those Burn Rate comparisons... WOW. Paul's the only guy in it for the long haul, folks.

Ron Paul 2008!

Comments have been closed for this article

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