Gov. Nikki Haley's re-election campaign reported Friday it has more than $3.7 million cash on hand.

Democratic Party rival Vincent Sheheen trailed further back, reporting more than $1.368 million in the bank.

With no challengers expected in either party's primary for governor, much of the candidates' money is expected to be held in reserve until their one-on-one showdown escalates around Labor Day when the press to run TV and other media advertising increases.

Friday was the cutoff for state candidates to disclose their fund-raising for the last quarter of 2013 that ended Dec. 31. Haley's campaign issued a media statement saying her donations were tied to improvements in the state's economic picture.

"South Carolina is on the move - jobs are up, unemployment is down, and the truth is we're just getting started," said Haley campaign advisor Tim Pearson.

"We are overwhelmed by the generous support of those who appreciate Gov. Haley's record and share her vision for a South Carolina where every citizen can find a job and every child has a chance to succeed."

The campaign spokesman for Sheheen, a state senator from Camden, said his candidate's donations show voter dissatisfaction with three years of Haley in charge.

"South Carolinians deserve a government that works and works for them," said campaign manager Andrew Whalen. "They support Vincent's vision for the future and have seen his ability to deliver results instead of excuses."

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Sheheen's campaign said it raised more than $1.6 million in nine months of running, including $458,760 coming in the fourth quarter.

Haley's side said it raised more than $757,263 in contributions in the same period.

Reach Schuyler Kropf at 937-5551