Palin PAC with $1.3 million on hand

Former Alaska Gov. Sarah Palin's (R) political action committee (PAC) finished 2010 with just over $1.3 million cash on hand, pulling in some $275,000 during the final six weeks of the year. 

The rumored presidential candidate spent close to $229,000 over the same period, mostly on consulting services, travel and salary, according to a report filed with the Federal Election Commission (FEC).

In all, Sarah PAC raised $3.5 million during 2010 and doled out more than $460,000 to Republican candidates and causes across the country over the past election cycle. 

There were no political donations made by the committee during the final six weeks of the year, though the report shows two checks that weren't cashed. One was a $2,500 donation to the campaign of Rep. Michele Bachmann (R-Minn.); the other was $5,000 to Rep. Mike Coffman (R-Colo.). 

The PAC's treasurer, Tim Crawford, told The Associated Press that the checks were likely lost in the mail and that the committee stopped payment on them. 

Palin reported raising more than $469,000 during the FEC's previous reporting period. From mid-December through the end of November 2010, Palin's totals topped the federal PAC hauls of every other rumored 2012 Republican presidential hopeful.