Kansas City, Missouri (CNN) - As critics take aim at Republican National Committee Chairman Michael Steele over his handling of the party's war chest, the committee told its members Wednesday that it plans to raise more than $107 million in 2010.
The ambitious projection means that the RNC would need to raise nearly $60 million in the second half of the year.
In the first six months of 2010, the RNC collected more than $49 million. In contrast, the Democratic National Committee raised $53.8 million during the same time period.
The projection, made in a document distributed by RNC officials at the group's summer meeting in Kansas City, comes as the committee is being forced to compete for donor dollars with a growing number of independent expenditure groups which are spending money to help defeat Democrats in November.
Under Steele's watch, the RNC has also burned through its cash at a high rate and seen a handful of questionable expenditures, most famously a $2,000 reimbursement for a bar tab at a bondage-themed Hollywood nightclub.
Doug Heye, a spokesman for the committee, said the new fundraising goal is within reach.
"Since Obama has taken the White House, and despite the advantages the Democrats have by controlling the White House and both chambers of Congress, the RNC has outraised the DNC is nine separate months and has both outraised and held more cash-on-hand than the RNC in 1994 and the DNC in 2006," Heye told CNN.