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updated 4:27 p.m. ET July 13, 2009

ANCHORAGE, Alaska - A report says Alaska Gov. Sarah Palin's political action committee raised nearly $733,000 in its first five months.

A report filed Monday with the Federal Election Commission shows receipts totaled $732,867.70 in the period between Jan. 1 and June 30.

The former GOP vice presidential candidate launched the committee, SarahPAC, in late January, saying the goal was to help support candidates for federal and state office.

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The report says SarahPAC made total disbursements of more than $276,000 and reported nearly $457,000 cash on hand.

Earlier this month, Palin announced she will resign as governor effective July 26, fueling speculation she will seek the presidency in 2012.

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