Alderman Fred Paone (R-2nd Ward) said he's raised nearly double what he spent to win his seat on City Council in 2009, with more than a year to go until Election Day in Annapolis.

According to a report of campaign donors released by the city on Friday, Paone raised $10,599 during the last fiscal year, putting his total fundraising for the 2013 election at $16,680.70.

Paone said he spent somewhere between $8,000 to $10,000 in the 2009 election.

He's also the only council member to have raised any money this year, aside from Shelia Finlayson (D-4th Ward), whose campaign earned $165.17 for the period ending June 24.

Annapolis Patch asked Paone if these facts are an indication that he's considering a run for mayor.

Paone's answer: "I'm certainly weighing various options."

He added that being the lone Republican alderman on council means he needs to be prepared for a number of challenges.

"If I want to get more Republicans elected to council, I might need to raise more money," Paone said. "I'm considering a lot of things right now." 

If Paone is serious about taking on Mayor Josh Cohen next fall, he will need to step up his fundraising efforts. 

Mayor Cohen’s re-eleciton campaign raised $33,475 during the 2012 fiscal year.

Cohen also raised $61,434 during the 2009 election, which was well above any other candidate at the time, according to the Capital Gazette.

With more than a year to go until the 2013 election, Cohen is on pace to break his previous record. So far, he has raised a total of $41,303.54.

Here's how much other City Council members have on hand at the moment:

Alderman Richard Israel (D-1st Ward) raised nothing in 2012, but has $6,232.36 left over from previous fundraising.

Alderwoman Classie Hoyle (D-3rd Ward) raised nothing in 2012, but has $3,444.50 left over from previous fundraising.

Alderwoman Shelia Finlayson (D-4th Ward) raised $165.17 in 2012 and has a total of $982.22.

Alderman Matthew Silverman (D-5th Ward) raised nothing in 2012, but has $1,134.17 left over from previous fundraising.

No report was filed online for Alderman Kenneth Kirby (D-6th Ward).

Alderman Ian Pfeiffer (D-7th Ward) raised nothing in 2012, but has $3,570.93 left over from previous fundraising.

Alderman Ross Arnett (D-8th Ward) raised nothing in 2012, but has $1,856.70 left over from previous fundraising.