BOSTON -- Mitt Romney's campaign and its fundraising allies announced Sunday they had brought in $111.6 million dollars last month, making August the most lucrative fundraising month yet for the GOP nominee and the third straight month Team Romney has raised more than $100 million dollars.

In a press release, the campaign said it now has $168.5 million in cash-on-hand between the Romney campaign, the Republican National Committee and the state parties which combine to make up the so-called "Romney Victory" fund. The Obama re-election campaign and the Democratic National Committee raised more than $114 million in August, campaign manager Jim Messina said early Monday morning, Reuters reported. 

 The Romney campaign said 94% of the donations they received in August came from donors who gave less than $250 dollars apiece, for a total of $34.6 million dollars, and that donations came from all 50 states the District of Columbia.

On August 10th, Romney announced the selection of Rep. Paul Ryan as his running mate, and the campaign touted the subsequent spike in online giving for days after the selection as a sign of increased grassroots support for the Republican effort.

A joint statement from Romney national finance chairman Spencer Zwick and RNC chairman Reince Priebus used the fundraising totals to continue to push the campaign's latest motivating question, meant to undermine support for President Obama: Are voters better off today than they were four years ago?

“Americans are not better off than they were four years ago and they are looking for a change of leadership. Mitt Romney and Paul Ryan are offering bold solutions to our country’s problems – that is why we are seeing such tremendous support from donors across the country," Zwick and Priebus said.