07/09/2012 08:08 am ET Updated Jul 09, 2012

Mitt Romney, RNC Raise $106.1 Million In June

Mitt Romney, the Romney Victory Fund and the Republican National Committee raised $106.1 million in June, according to the Romney campaign. Together, they have approximately $160 million in cash on hand.

The final amount was announced on Monday, after reports surfaced last week indicating that the Romney campaign and RNC had surpassed $100 million for June -- their highest total yet this cycle.

The amount is almost $30 million higher than what the Romney campaign and the RNC raised in May. The Romney campaign also said that 94 percent of donations were $250 or less, but those donations only represented $22.3 million out of the total haul.

President Barack Obama's reelection campaign has not yet announced its fundraising total for June, but it has repeatedly cautioned that Obama will not succeed in November if he is significantly outspent by his opponent.

"I will be the first president in modern history to be outspent in his re-election campaign, if things continue as they have so far," the president wrote in an email to supporters last month. "We can be outspent and still win -- but we can't be outspent 10 to 1 and still win."