[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/08/15/art.mccainsign.ap.jpg caption="McCain and the RNC are well-positioned financially."](CNN) - The Republican National Committee reported Friday it raised $26 million in July, a fundraising haul that nearly matches John McCain's campaign during the same timeframe, and had approximately $75 million cash on hand.
The RNC and the McCain campaign combined began the month of August with $96 million cash on hand, a total that may keep pace with Barack Obama and the relatively cash-strapped Democratic National Committee.
Earlier Friday, the McCain campaign announced it had raised $27 million in July, the presumptive Republican nominee’s largest one-month fundraising total to date. The campaign also said it had $21 million cash on hand, all of which must be spent before the party's convention in early September because of McCain's choice to accept federal campaign dollars. The Republican Party is free to spend its money through Election Day.
The RNC also announced Friday it had surpassed one million individual donors this election cycle, while the McCain campaign said 600,000 individuals had donated to the Arizona senator. Earlier this week, the Obama campaign announced it had passed the two million donor mark.
Barack Obama's campaign and the Democratic National Committee have yet to announce their fundraising hauls for the month of July. For June, the Illinois senator's campaign reported raising $52 million with more than $72 million cash on hand. The DNC raised $22 million during that time period, all of which was available to spend.