A $25,000 loan to himself put Republican state Senate candidate Mike Akin in the win column in campaign fundraising efforts during 2011.
Akin, a Monticello Republican, raised $42,950 in his bid for the District 26 state Senate seat, while Gregg Reep, a Democrat from Warren, raised $18,950 and Eddie Cheatham, a Crossett Democrat, raised $13,039, according to year-end reports their campaigns filed with the Arkansas Secretary of State office.
Crossett Democrat Johnnie Bolin did not file a report.
In addition to Akin’s $25,000 personal loan to himself, about 35 individuals, most from Monticello, contributed nearly $15,000 to Akin’s campaign. He took in about $3,000 from PACs.
Seven individuals contributed $1,000 or more Akin’s campaign. They were: Union Bank CEO Zach McClendon, of Monticello; former governor and Fox News commentator Mike Huckabee; Mark Waldrip, a Moro businessman; Sam Hilburn, a North Little Rock attorney; State Sen. Gilbert Baker, of Conway; James Von Gremp, of Rogers; and Newman Rental Co., of Monticello.
Akin spent about $2,300 leaving him with just over $40,600 cash on hand at the end of 2011.
Reep took in $18,950, including nearly $2,700 in carryover funds from a previous campaign and $2,500 from PACs.
Nearly 50 individuals, most from Warren, contributed more than $13,600 to his campaign. His single largest contributor was John Frazer, of Warren. Frazer contributed $1,000 to Reep’s campaign war chest.
Reep spent about $5,500, mostly in consulting fees, leaving him with $13,400 cash on hand at the end of 2011.
Cheatham’s campaign raised just over $13,000, including $5824 from a previous campaign. He received $2,000 from PACs and just over $5,000 from 30 contributors, most from Crossett.
His single largest largest contributor was Little Rock lobbyist Rusty Cranford from the Cranford Coalition. Cranford contributed $1,000.
Cheatham spent about $2,000. He closed the year with about $11,000 cash on hand.