Romney campaign announces huge haul

(CNN) - Mitt Romney's presidential campaign announced Monday morning that it and the Republican National Committee combined raised $106.1 million in June and finished the month with $160 million cash on hand.

CNN confirmed last week that the Romney campaign and the RNC raised at least $100 million in June.

The Romney campaign and the RNC, which began joint fundraising in April, when the former Massachusetts governor became the presumptive GOP presidential nominee, brought in $77 in May, out-raising President Barack Obama and the Democratic National Committee that month.

Obama's re-election team has yet to announce their June figures, but last month senior Obama campaign officials predicted that Romney would bring in $100 in June, that they would be out-raised, and that Obama would be the first incumbent president up for re-election who would be out-raised by his opponent.

In an email release, the Romney campaign said that 94% of all the donations received last month were $250 or less, adding up to $22.3 million, which is just over a fifth of all money raised in June.

"This month's fundraising is a statement from voters that they want a change of direction in Washington. Voters of all stripes -- Republicans, Independents, and Democrats -- have made it clear that President Obama has not lived up to the promises of his last campaign," said Romney Victory National Finance Chairman Spencer Zwick in a statement.

"Our June fundraising is a sign that voters are fed up with President Obama's failure to fix our economy and want a change of direction," added Republican National Committee Chairman Reince Priebus. "While President Obama thinks that the private sector is 'doing fine,' millions of Americans are struggling to find work, pay their bills and stay in their homes. President Obama is clearly in over his head and Americans deserve better."

Fund-raising figures are considered a barometer of a campaign's strength, and much of the money goes towards paying for TV ads, get-out-the-vote efforts, and travel to allow a candidate to meet with voters.